New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 10, 2014
04:55 EDTGS, GS, GS, BBT, BBT, BBT, CBOE, CBOE, CBOE, BAC, BAC, BAC, USB, USB, USB, WFC, WFC, WFC, C, C, C, NDAQ, NDAQ, NDAQ, LM, LM, LM, ETFC, ETFC, ETFC, PNC, PNC, PNC, CMA, CMA, CMA, GHL, GHL, GHL, SLM, SLM, SLM, FHN, FHN, FHN, BLK, BLK, BLK, RF, RF, RFCredit Suisse to hold a forum
2014 Financial Services Forum is being held in Boca Raton, Florida on February 10-12.
News For GS;BLK;FHN;SLM;GHL;CMA;PNC;ETFC;LM;NDAQ;C;WFC;USB;BAC;CBOE;BBT;RF From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | 4 >>
January 27, 2016
16:04 EDTGHLGreenhill & Co. reports Q4 EPS 25c, consensus 23c
Subscribe for More Information
16:01 EDTBACOptions Update; January 28, 2016
iPath S&P 500 VIX Short-Term Futures up 1.02 to 26.01. Option volume leaders: AAPL FB BAC NFLX FCX BABA AA X VZ BA T
10:10 EDTBACActive calls: XOM AAPL SPY BAC UUP
Subscribe for More Information
09:32 EDTBACActive equity options trading on open
Active equity options trading on open: AAPL FB AMZN AAL BAC PCLN NFLX MRK GOOG
08:32 EDTNDAQIteris moves to NASDAQ
Iteris (ITI) announced that it has met the listing criteria for the NASDAQ (NDAQ) Capital Market and will move its listing from NYSE MKT to the NASDAQ Capital Market, effective with the start of trading on February 8, 2016. Iteris will continue to trade under its existing ticker symbol "ITI". Iteris common stock will trade on the NYSE MKT until the market close on February 5, 2016.
06:46 EDTBLKFee prices on mutual funds, ETFs sliding towards zero, WSJ says
There is intense fee price competition occurring in the asset management sector as several fund firms, including BlackRock (BLK), Charles Schwab (SCHW), and others, cut fees on their passive products close to 0%, the Wall Street Journal reports. The competition is suppressing industry margins and building a greater impetus for firms to achieve scale, the report says. The slide in costs have been under way for years but is accelerating as the sector's largest companies are targeting increasingly cost-obsessed investors, the report says. Over 100 mutual funds and exchanged-traded funds currently cost $10 or less per $10,000 invested, up from 40 in 2010, the report says, citing Morningstar. Reference Link
January 26, 2016
17:22 EDTFHNFirst Horizon files automatic mixed securities shelf
Subscribe for More Information
16:26 EDTWFCWells Fargo rises in extended session after boosting buybacks
Shares are up over 1.2% to $48.84. At that price next resistance is at $49.46. Support is at $48.26, the closing price of the session.
16:23 EDTWFCWells Fargo increases common stock repurchase authority by 350M shares
Subscribe for More Information
16:16 EDTFHNFirst Horizon raises quarterly dividend 17% to 7c per share
Subscribe for More Information
16:00 EDTC, BACOptions Update; January 26, 2016
Subscribe for More Information
11:13 EDTBAC, CActive options; AAPL BAC FB NFLX C MSFT TWTR VALE FCX COH XOM AMZN
Subscribe for More Information
11:01 EDTBACStocks with call strike movement; COH BAC
Subscribe for More Information
06:45 EDTBLKBlackRock says clients seeking more illiquid holdings, Bloomberg says
Subscribe for More Information
January 25, 2016
16:00 EDTC, BACOptions Update; January 25, 2016
Subscribe for More Information
10:00 EDTGSOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Express (AXP) upgraded to Perform from Underperform at Oppenheimer... BankMutual (BKMU) upgraded to Outperform from Market Perform at Hovde Group... Black Hills (BKH) upgraded on acquisition at BMO Capital... Bruker (BRKR) upgraded to Buy from Hold at Cantor... Cedar Fair (FUN) upgraded to Conviction Buy from Buy at Goldman... Charles Schwab (SCHW) upgraded to Buy from Neutral at Nomura... Corporate Office Properties (OFC) upgraded to Buy from Neutral at Mizuho... Entegris (ENTG) upgraded on valuation, outlook at Pacific Crest... First Financial upgraded to Outperform from Market Perform at Keefe Bruyette... Goldman Sachs (GS) upgraded to Buy from Neutral at Nomura... Graphic Packaging (GPK) upgraded to Outperform from Neutral at Macquarie... Home Depot (HD) upgraded to Buy from Hold at Deutsche Bank... Intel (INTC) upgraded to Outperform from Neutral at Macquarie... J.B. Hunt (JBHT) upgraded to Buy from Hold at BB&T... Magna (MGA) upgraded to Buy from Neutral at Citi... Masco (MAS) upgraded to Buy from Hold at Evercore ISI... Mattel (MAT) upgraded to Conviction Buy from Buy at Goldman... O'Reilly Automotive (ORLY) upgraded to Buy from Hold at Deutsche Bank... PACCAR (PCAR) upgraded to Buy from Neutral at Citi... People's United (PBCT) upgraded to Neutral from Underweight at Piper Jaffray... Quality Systems (QSII) upgraded to Overweight from Neutral at Piper Jaffray... RadiSys (RSYS) upgraded to Buy from Hold at Needham... Standard Motor (SMP) upgraded to Buy from Neutral at CL King... Swedbank (SWDBY) upgraded to Hold from Underperform at Jefferies... Toll Brothers (TOL) upgraded to Strong Buy from Outperform at Raymond James... Voyager Therapeutics (VYGR) upgraded to Neutral from Sell at Chardan... Yahoo (YHOO) upgraded to Buy from Hold at Pivotal Research.
09:37 EDTBBTBB&T upgraded to Buy from Neutral at Hilliard Lyons
07:33 EDTCBOECBOE Holdings makes majority equity investment in Vest
CBOE Holdings and The Vest Financial Group announced at the Inside ETFs Conference that CBOE has made a majority equity investment in Vest. Previous investors in Vest, including Y Combinator, Payment Ventures, and First Round Capital, have exited. As a result of the investment, Vest becomes a majority-owned subsidiary of CBOE. Karan Sood will continue to lead the firm as CEO. Bill Kung, Vest's former CEO, will step down from his current role as President to focus on Vest's technology solutions business. CBOE's investment in Vest was funded with existing cash. It is not expected to be material in terms of CBOE Holdings's revenue or earnings for FY16. However, CBOE is optimistic about the potential for growth in the long term.
07:03 EDTGSGoldman Sachs upgraded to Buy from Neutral at Nomura
Subscribe for More Information
January 24, 2016
11:02 EDTBACStocks post weekly gain after oil rebounds
Stocks recovered late in the week to post their first weekly gain of the new year as equities continue to be correlated closely with the oil market. A plunge in oil led equities lower early in the holiday shortened week, but as oil prices rebounded to close the week out, the major averages followed suit. MACRO NEWS: In the U.S., the consumer price index fell 0.1% during December, versus expectations for a flat reading. The core reading, which excludes food and energy, showed prices rose 0.1% from the prior month, versus expectations for an increase of 0.2%. Initial jobless claims rose to 293,000 last week, topping the expectation for 278,000 first-time claims. Markit's flash manufacturing Purchasing Managers' Index for January rose 1.5 points to 52.7, better than the 51.0 reading that was expected. Existing home sales climbed 14.7% to a 5.46M rate in December, topping the 5.2M rate that was forecast... In Asia, China's national bureau of statistics estimated that GDP growth slowed to 6.8% in the last quarter of the year, dipping from 6.9% growth in the previous quarter. China's industrial output rose 5.9% from a year earlier in December, compared with the consensus forecast for a 6% increase. Japan's Nikkei average was down early in the week, even falling into bear market territory, but rallied nearly 6% on Friday after the Nikkei Asian Review said that the Bank of Japan is taking a "serious look" at additional easing... In Europe, the European Central Bank left its key interest rates unchanged. However, at an associated press conference, ECB President Mario Draghi acknowledged downside risks were increasing again, meaning the bank may need to "review and possibly reconsider" its monetary policy stance at its next meeting in March. Markit's flash PMI for the euro zone slid to an 11-month low of 53.5, missing expectations for a more modest dip to a 54.2 reading. The International Monetary Fund cut its global growth forecasts for the third time in less than a year. The IMF now estimates that the world economy will grow 3.4% this year and 3.6% next year, down from its prior forecasts of 3.6% and 3.8% growth, respectively. COMPANY NEWS: On Tuesday, Morgan Stanley (MS) advanced 1% after its earnings and revenue topped analysts' consensus forecast. Big bank peer Bank of America (BAC) slid 1% after its earnings also beat expectations but its revenue narrowly missed the consensus estimate... On Wednesday, IBM (IBM) slid nearly 5% after reporting better than expected earnings and revenue for the fourth quarter, but forecasting below-consensus profits for the new year... On Thursday, Verizon (VZ) was among the best performers on the Dow, advancing over 3% after its earnings, revenue and wireless subscriber additions all topped expectations. Conversely, fellow Dow member Travelers (TRV) slid almost 1% after releasing its own quarterly results... On Friday, American Express (AXP) sunk more than 12% after the card issuer reported stronger than expected quarterly results but its 2017 profit guidance came in below the consensus outlook. The company's pledge to take out $1B in costs by the end of 2017 did little to change the mood of analysts or investors. Fellow Dow member GE (GE) slid a bit more than 1% after reporting better than expected earnings but lower than expected quarterly revenue... Schlumberger (SLB) shares gained 6% after the oil services giant reported earnings that topped expectations, approved a quarterly dividend of 50c per share and a new share repurchase program of $10B and said it plans to cut 10,000 more jobs... Netflix (NFLX) reported fourth quarter earnings that beat analyst estimates, powered by better than expected international subscriber growth. The numbers were met with positive commentary by several research firms, though decelerating U.S. subscriber growth was highlighted by bears as a warning sign for the company... Deutsche Bank (DB) disclosed that it expects a EUR2.1B net loss for the quarter due to a number of charges, including expected litigation costs of EUR1.2B... Xilinx (XLNX) advanced after reporting its third quarter numbers. The news may have been overshadowed, however, by a regulatory filing showing new agreements with its top executives, with several analysts highlighting that the change could signal a takeover is in the cards in the future... Alkermes (ALKS) plunged more than 44% after disclosing that two of three Phase 3 studies of its experimental depression disorder treatment did not meet their primary efficacy endpoints. INDEXES: For the four-day week, the Dow gained about 0.67% to close at 16,093.51, the S&P 500 rose about 1.4% to close at 1,906.90, and the Nasdaq increased about 2.3% to close at 4,591.18.
1 | 2 | 3 | 4 >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use