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News Breaks
November 21, 2012
12:09 EDTGNW, RFStocks with call strike movement; GNW RF
Genworth (GNW) January 3 call option implied volatility increased 42% to 76, Regions Financial (RF) January 4 call option implied volatility increased 34% to 77 according to iVolatilty.
News For GNW;RF From The Last 14 Days
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April 23, 2015
16:45 EDTRFRegions Financial announces $875M common stock repurchase program
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16:44 EDTRFRegions Financial raises quarterly dividend to 6c per share from 5c per share
The Regions Financial board declared a quarterly cash dividend of 6c per common share. The quarterly cash dividend of 6c per common share is payable July 1, to stockholders of record at the close of business on June 12. This represents an increase from the previous quarterly dividend of 5c per common share.
April 22, 2015
10:02 EDTRFOn The Fly: Analyst Downgrade Summary
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06:42 EDTRFRegions Financial downgraded to Sector Perform from Outperform at RBC Capital
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April 21, 2015
06:05 EDTRFRegions Financial reports Q1 ending loans totaled $78B
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06:04 EDTRFRegions Financial reports Q1 EPS 16c, consensus 18c
Reports Q1 revenue $1.29B, consensus $1.27B
April 20, 2015
15:37 EDTRFNotable companies reporting before tomorrow's open
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10:02 EDTGNWPRA Group names Deborah Cassidy as Chief Information Officer
PRA Group (PRAA) announced the appointment of Deborah G. Cassidy as a new member of PRA Group's executive management team. Cassidy will serve as chief information officer for the company. Most recently, Cassidy was senior vice president and business chief information officer for Genworth Financial (GNW).
April 17, 2015
18:03 EDTGNWGenworth says needs additional $500M-$700M to comply with PMIERs
Genworth Financial responded to the final Private Mortgage Insurer Eligibility Requirements, which were published by the Government Sponsored Enterprises, Fannie Mae and Freddie Mac, in conjunction with the Federal Housing Finance Agency. PMIERs will be used by the GSEs to approve private mortgage insurers that provide mortgage insurance on loans acquired by them. Based on its interpretation of the final PMIERs, the company still estimates $500M-$700M of additional capital will be required to be fully compliant by the effective date. This estimate is based on a number of factors including the company's view of market size and dynamics, planned internal restructuring within U.S. Mortgage Insurance and current affiliate asset valuation. The estimate does not reflect the announcement of changes to GSE fees, the impact of which the company is still evaluating. The final PMIERs lowered the level of required capital from that contained in the draft requirements, primarily benefiting legacy books of business, and also lowering the benefit from captive reinsurance treaties. Additionally, this estimate reflects reductions in affiliate asset valuation due to changes in market value, currency fluctuations and the finalization of the PMIERs. The company still intends to comply with the final PMIERs by the effective date, which is now December 31, 2015. Although the company continues to pursue reinsurance transactions, the lower capital requirements on legacy books of business impact the evaluation of the mix of appropriate sources of capital, which include both reinsurance and holding company cash. As previously disclosed, the company is reviewing a broad range of strategic options that it believes will improve its ability to reduce debt levels, increase capital buffers and improve/grow earnings.
April 15, 2015
10:36 EDTGNWBofA/Merrill U.S. credit analysts hold an analyst/industry conference call
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April 12, 2015
14:23 EDTGNWPE firm JC Flowers said to eye Genworth division, Sky News says
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