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Stock Market & Financial Investment News

News Breaks
October 9, 2012
06:13 EDTBK, EADSY, WFC, BAC, STT, LMCA, MS, JPM, FIATY, BAESY, USB, C, GSOn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The global economy risks sliding toward recession three years after pulling out of the previous one, the IMF warned, adding that fighting a renewed world-wide downturn will be much more complex than it was before, the Wall Street Journal reports...U.S. banks and the Fed are fighting over a new round of "stress tests" before the annual exams begin this fall. The battle centers on the math regulators are using to produce the results. Bankers want more detail on how the calculations are made, and the Fed has resisted disclosing more than it has, the Wall Street Journal reports...REUTERS: Phil Anschutz began auctioning Anschutz Entertainment Group, with an expectation that the sports and entertainment giant should draw bids in the $10B range, higher than previously believed, sources say. Potential bidders include trade buyers such as Liberty Media Corp (LMCA), investment companies such as Guggenheim Partners LLC; private equity firms such as Thomas H. Lee Partners LP, Bain Capital LLC and Colony Capital LLC, Reuters reports...British Defence Secretary Philip Hammond said he hoped to meet his French, German and U.S. counterparts to discuss the proposed merger of aerospace groups EADS (EADSY) and BAE Systems (BAESY), a day before a deadline for the deal, Reuters reports...BLOOMBERG: State Street (STT) and Bank of New York Mellon (BK) will charge depositors negative interest rates to hold Danish kroner and Swiss francs as customers seek refuge from the crisis-stricken euro. That means money managers, insurance companies and pension funds have to pay the bank to hold the cash, Bloomberg reports....Fiat (FIATY) will lower its outlook for the European auto market when the company updates its five-year plan that runs through 2014, said CEO Sergio Marchionne said, Bloomberg reports.
News For GS;JPM;BAC;C;MS;WFC;USB;LMCA;EADSY;BAESY;STT;BK;FIATY From The Last 14 Days
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January 16, 2015
10:33 EDTGSGoldman Sachs says not shutting any units for capital reasons
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10:07 EDTGSGoldman Sachs says impact of Swiss franc move was 'immaterial' to firm
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09:54 EDTGSGoldman Sachs says Volcker rule extension prevented potential 'firesales'
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09:47 EDTGSGoldman Sachs says firm SLR compliant with regulatory minimum
09:42 EDTGSGoldman Sachs CFO says FICC market-making conditions 'difficult' in Q4
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09:37 EDTC, BAC, GSActive equity options trading
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09:12 EDTGSOn The Fly: Pre-market Movers
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09:04 EDTGSConocoPhillips names John Faraci, Argun Murti to board
ConocoPhillips (COP) announced that John Faraci, former chairman and CEO of International Paper (IP), and Arjun Murti, former partner at Goldman Sachs (GS), have been elected to its board of directors. The election of Faraci and Murti increases the total number of ConocoPhillips directors to 12, 11 of which are outside directors.
08:25 EDTBACMorgan Stanley says to buy the dip in Bank of America
Morgan Stanley said investors are missing the fact that Bank of America's the $578M FAS91 charge is non-cash and temporary and can reverse with higher rates. The analyst said Bank of America's expense decline is ahead of expectations and expects increased capital returns. Morgan Stanley recommends buying Bank of America on the dip and reiterates its Overweight rating and $21 price target.
08:24 EDTCCiti catalysts can still drive multiple expansion, says Wells Fargo
After Citi reported slightly lower than expected Q4 results, Wells Fargo thinks the company still has several positive upcoming catalysts that could cause its multiple to rise. The firm cut its price target on the name to $57-$60 from $60-$63 but keeps an Outperform rating on the shares.
08:02 EDTGSGoldman Sachs down 1.5% following Q4 earnings report
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07:55 EDTGSGoldman Sachs reports Q4 net gain on credit spread changes of $82M
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07:44 EDTGSGoldman Sachs CEO says 'pleased' with 2014 performance
“We are pleased with our performance during a year characterized by mixed global economic and financial conditions. The depth of our global client franchise and our continued discipline on expenses and capital management produced a solid return for our shareholders. Looking ahead, we see evidence of a continued pick up in momentum for the global economy that will improve the opportunity set for 2015,” said Goldman Sachs CEO Lloyd Blankfein. Goldman reports book value per common share was $163.01 and tangible book value per common share was $153.79, both approximately 7% higher compared with the end of 2013 and approximately 1% higher compared with the end of the third quarter of 2014.
07:41 EDTGSGoldman Sachs says compensation/benefits costs essentially unchanged in FY14
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07:39 EDTGSGoldman Sachs reports Q4 Investment Banking revenue $1.44B
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07:36 EDTGSGoldman Sachs reports Q4 EPS $4.38, consensus $4.32
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07:02 EDTBACWet Seal files for Chapter 11 bankruptcy protection
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06:56 EDTMSMorgan Stanley volatility increases into Q4 and outlook
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06:11 EDTFIATYEU says Amazon's tax deal with Luxembourg may violate laws, WSJ reports
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05:57 EDTMSReinhart leaves Morgan Stanley as Chief U.S. economist, Bloomberg reports
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