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News For GS;JPM;USB;MS;BAC;WFC;C From The Last 14 Days Check below for free stories on GS;JPM;USB;MS;BAC;WFC;C the last two weeks. |
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| May 21, 2013 |
| 11:09 EDT |  | JPM | JPMorgan's Raymond says 'stay tuned' on composition of risk committee
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| 11:03 EDT | | JPM | JPMorgan's Dimon says more regulatory consent orders expected
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| 09:42 EDT |  | C | Active equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C |
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| 09:33 EDT |  | GS | Bloomberg LINK to host a summit
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| 09:03 EDT |  | JPM | JPMorgan CEO looks set to hold onto chairman role, NY Times reports
Preliminary votes indicate JPMorgan CEO Jamie Dimon will hold onto his title of chairman, New York Times reports, citing people who have seen today's shareholder vote results. Reference Link |
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| 07:32 EDT | | JPM | JPMorgan's Mowat likes India among emerging market stocks, Economic Times says
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| 07:26 EDT | | WFC | Barclays to host a conference
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| 07:13 EDT | | BAC, JPM, USB, MS, WFC, GS, C | U.S. bank mergers less likely this year, Bloomberg reports
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| 07:12 EDT | | MS, GS | Credit Suisse now second largest Asia prime broker, Reuters reports
The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, reports Reuters.Reference Link |
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| 07:11 EDT | | JPM | JPMorgan board changes expected, WSJ reports
JPMorgan Chase plans to shake-up of its board even if every director wins re-election at today’s shareholder meeting and James Dimon keeps his dual job as chairman and CEO, reports the Wall Street Journal.Reference Link |
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| 06:10 EDT | | GS, MS, JPM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: JPMorgan Chase (JPM) plans to shake-up of its board even if every director wins re-election at today’s shareholder meeting and James Dimon keeps his dual job as chairman and CEO, the Wall Street Journal reports...Mutual-fund firms are joining activist investors in getting more aggressive over demands for change in how board members are paid at U.S. companies. Activist investors have been experimenting more frequently with incentive pay packages for the board members they nominate in proxy fights, the Wall Street Journal reports...REUTERS: Specialty chemicals producer Rockwood Holdings’s (ROC) pigments businesses have attracted offers from buyout firms including Blackstone Group (BX) and Advent International, sources say, Reuters reports...The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, Reuters reports...BLOOMBERG: Bank managers in the U.S. are less likely to engage in mergers and acquisitions this year as regulators heighten scrutiny on potential deals and sellers wait for higher valuations, according to a KPMG survey, Bloomberg reports...PIMCO’s Bill Gross says the bull market for bonds may have ended last month. But investors are staying put. Four years into the biggest rally in U.S. stocks since 2000, bond mutual funds are attracting more money than their equity counterparts, Bloomberg reports. |
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| 06:08 EDT | | JPM | Surging equity sales in Poland attract investment firms, Bloomberg reports
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| 05:46 EDT | | GS | Thomson Reuters, others to challenge Bloomberg messaging, WSJ reports
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| May 20, 2013 |
| 12:32 EDT | | C | Citigroup announces departure of CitiMortgage head, organizational changes
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| 11:49 EDT | | WFC, C | Wells, Citi halt most foreclosure sales amid OCC scrutiny, American Banker says
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| 11:37 EDT | | JPM | Calpers votes to separate Dimon's dual roles at JPMorgan, Bloomberg reports
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| 10:11 EDT |  | BAC | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Artisan Partners (APAM) downgraded to Market Perform from Outperform at Keefe Bruyette... Bank of America (BAC) downgraded to Market Perform from Outperform at Keefe Bruyette... Bed Bath & Beyond (BBBY) downgraded to Hold from Buy at Jefferies... BlackRock (BLK) downgraded to Market Perform from Outperform at Keefe Bruyette... Cavium (CAVM) downgraded to Market Perform from Outperform at JMP Securities... Charles Schwab (SCHW) downgraded to Underperform from Market Perform at Keefe Bruyette... Dunkin' Brands (DNKN) downgraded to Neutral from Buy at Longbow... Equifax (EFX) downgraded to Neutral from Buy at Goldman... Leap Wireless (LEAP) downgraded to Sell from Hold at Deutsche Bank... Lowe's (LOW) downgraded to Perform from Outperform at Oppenheimer... MicroStrategy (MSTR) downgraded to Market Perform from Outperform at JMP Securities... NetApp (NTAP) downgraded to Underperform from Neutral at RW Baird... NeuStar (NSR) downgraded to Neutral from Buy at Goldman... Red Hat (RHT) downgraded to Market Perform from Outperform at BMO Capital... Ruby Tuesday (RT) downgraded to Market Perform from Outperform at Wells Fargo... Synovus (SNV) downgraded to Sell from Neutral at Goldman... TD Ameritrade (AMTD) downgraded to Underperform from Market Perform at Keefe Bruyette... Thoratec (THOR) downgraded to Neutral from Buy at Goldman... CF Industries (CF) downgraded to Hold from Buy at Miller Tabak... Children's Place (PLCE) downgraded at Susquehanna... CarMax (KMX) downgraded to Market Perform from Outperform at William Blair... SanDisk (SNDK) downgraded to Neutral from Buy at Nomura... Red Hat (RHT) downgraded at BMO Capital... Rex Energy (REXX) downgraded to Hold from Buy at Stifel... Range Resources (RRC) downgraded to Hold from Buy at Stifel... Kansas City Southern (KSU) downgraded to Sell from Hold at Stifel... Capella Education (CPLA) downgraded to Hold from Buy at Stifel. |
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| 09:40 EDT | | C | Active equity option families trading
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| 08:30 EDT | | JPM | JPMorgan: Earnings drag for major emerging stock markets, Bloomberg reports
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| 08:15 EDT | | MS | Morgan Stanley to sell Indian unit to Standard Chartered, Reuters reports
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| 07:50 EDT | | C | Gulf wealth funds raise private equity investments, Reuters reports
Sovereign wealth funds in the Gulf Arab region are increasing their allocations to private equity investments at a faster rate than other types of investment, U.S. fund manager Invesco said in a new study, reports Reuters. Large sovereign funds have been looking for alternative investments to give better returns than low-yielding staples such as U.S. Treasuries.Reference Link |
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| 07:14 EDT | | JPM | Seven of JPMorgan’s 10 biggest owners run by chairmen/CEOs, Bloomberg reports
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| 06:41 EDT | | GS | Goldman Sachs seeking to sell stake in Chinese bank, Reuters reports
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| 06:09 EDT | | JPM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: The New York Department of Financial Services yesterday sent subpoenas to Apollo Global Management (APO), Guggenheim Partners and Harbinger Group (HRG) as part of an investigation seeking more information on investments that back so-called fixed annuities, sources say, the Wall Street Journal reports...As Home Depot (HD) and Lowe’s (LOW) report fiscal Q1 results this week, the reconstruction phase from last year's superstorm Sandy will be looming large as cooler-than-normal temperatures delay spring selling, the Wall Street Journal reports...REUTERS: Danone Group (DANOY) will invest $417M in two deals with China Mengniu Dairy Co., marking a comeback for the French group in China where scandals have hurt confidence in food safety, Reuters reports...The Nikkei share average surged to a new 5 1/2 year high today, boosted by further weakness in the yen and optimism over the growth outlook after the Japanese government raised its assessment of the economy for the first time in two months, Reuters reports...BLOOMBERG: The longest decline in Treasuries this year has left U.S. government debt the cheapest since March 2011 when measured by real yields and the best relative value compared with German bunds in more than two decades, Bloomberg reports...As JPMorgan Chase’s (JPM) Jamie Dimon prepares for a vote Tuesday on whether he should keep his chairman and CEO titles, he may take comfort knowing that seven of the bank’s 10 largest owners are run by CEOs who are also chairmen, Bloomberg reports. |
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| 05:39 EDT | | BAC | Bank of America downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette downgraded Bank of America with a $13.50 price target citing valuation. |
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| May 17, 2013 |
| 16:00 EDT | | BAC | Options Update; May 17, 2013
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| 10:20 EDT |  | BAC | Bank of America rises, levels to watch
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| 07:10 EDT | | JPM | JPMorgan asks shareholders to reject chairman, CEO split, WSJ reports
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| 06:06 EDT | | JPM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: A so-so Q1 earnings season hasn't dented investors' enthusiasm for stocks as prices have been rising, with the DJIA up 16% for the year and 4.2% since earnings season began April 8, the Wall Street Journal reports...JPMorgan Chase (JPM), in a last-ditch effort to beat back activist investors, sent a letter to shareholders who have yet to vote on the nonbinding proposal ahead of the May 21 annual meeting, urging them to reject a proposal to split the chairman and CEO roles held by James Dimon, the Wall Street Journal reports...REUTERS: Amazon.com (AMZN) will be called back to the British parliament to clarify how its activities in the U.K. justify its low corporate income tax bill, Reuters reports...J.C. Penney (JCP) CEO Ullman says that the department store chain is emerging from what he called an abyss but warned he needs time to fix the issues of the retailer, Reuters reports...BLOOMBERG: Apple (AAPL), which holds $102B in cash and investments outside the U.S., will suggest changes to corporate-tax laws to encourage companies to bring more cash into the country, Bloomberg reports...Fiat’s (FIATY) deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. raised concern among Italian unions and politicians about the plans of the country’s biggest manufacturer. CEO Marchionne is considering the move because Fiat’s main sources of revenue and profit are shifting to North America, Bloomberg reports. |
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| May 16, 2013 |
| 18:49 EDT | | MS | Senior holders may face first CMBS losses since crisis, WSJ reports
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| 12:01 EDT | | JPM | Bill Daley assisting JPMorgan over vote, CNBC's Tausche reports
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| 09:05 EDT | | GS | SolarCity, Goldman Sachs collaborate on solar lease financing platform
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| 08:51 EDT | | JPM | JPMorgan management to meet with UBS
Meeting to be held in New York on May 16 hosted by UBS. |
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| 08:33 EDT | | WFC, USB, C | BofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am. |
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| 07:35 EDT | | JPM | J.C. Penney May volatility elevated at 106 into Q1
J.C. Penney May call option implied volatility is at 106, June is at 57, July is at 50; compared to its 26-week average of 62 according to Track Data, suggesting larger near term price movement in the expected release of Q1 results after the market close today. |
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| 07:18 EDT | | C, BAC | Investors bet on banks hit by credit crisis, Bloomberg reports
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| 06:41 EDT | | JPM, USB, WFC, GS, C, BAC, MS | Big banks to benefit from U.S. concession on derivatives, NY Times says
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| 06:19 EDT | | GS | U.K. judge rules Goldman Sachs tax deal didn’t break law, Bloomberg reports
Goldman Sachs Group's deal with the U.K. government that may have saved the investment bank about $30.6M on its taxes didn’t break any laws and was properly conducted, a judge ruled, reports Bloomberg. Reference Link |
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| 06:12 EDT | | JPM | JPMorgan's Dimon has long helped select new board members, Reuters reports
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| May 15, 2013 |
| 17:53 EDT | | WFC | Wells Fargo confirms reinstatement of $203M judgment in overdraft case
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| 17:26 EDT | | MS | Third Point gives quarterly update on stakes
NEW STAKES: Virgin Media (VMED), Tiffany (TIF), B/E Aerospace (BEAV), Anadarko (APC), and Thermo Fisher (TMO). INCREASED STAKES: International Paper (IP), Abbvie (ABBV), TransDigm (TDG), Constellation Brands (STZ), and Dollar General (DG). DECREASED STAKES: Delphi (DLPH), Murphy Oil (MUR), AIG (AIG), LyondellBasell (LYB), and Liberty Global (LBTYA). LIQUIDATED STAKES: Tesoro (TSO), Morgan Stanley (MS), Symantec (SYMC), Herbalife (HLF), and Illumina (ILMN). |
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| 17:03 EDT | | JPM, C, MS | Soros gives quarterly update on stakes
NEW STAKES: MeadWestvaco (MWV), Brocade (BRCD), Red Hat (RHT), Liberty Global (LBTYK), and VMware (VMW). INCREASED STAKES: Google (GOOG), Liberty Global (LBTYA), EQT Corp (EQT), Charter (CHTR), and US Airways (LCC). DECREASED STAKES: Citigroup (C), AIG (AIG), Apple (AAPL), Invesco (IVZ), and Motorola Solutions (MSI). LIQUIDATED STAKES: JPMorgan (JPM), General Electric (GE), CF Industries (CF), Morgan Stanley (MS), and Capital One (COF). |
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| 16:55 EDT | | WFC | Berkshire Hathaway gives quarterly update on stakes
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| 16:02 EDT | | C | Options Update; May 15, 2013
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| 15:45 EDT | | WFC | Judge orders Wells Fargo to pay $203M to settle overdraft case, Retuers says
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| 15:32 EDT | | C | Citigroup April net charge-offs 3.11% vs. 3.19% last month
Citigroup April delinquencies 2.1% vs. 2.17% last month |
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| 13:17 EDT | | GS | Goldman Sachs COO says will address Fed's CCAR concerns
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| 13:15 EDT | | GS | Goldman Sachs COO says wouldn't cut equities on first move by Fed
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| 13:15 EDT | | GS | Goldman Sachs volatility near low end of historic range
Goldman Sachs June call option implied volatility is at 21, July and October is at 22; compared to its 26-week average of 25 according to Track Data, suggesting decreasing price movement. |
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| 12:30 EDT | | JPM | JPMorgan, Portugal in talks to resolve derivative contracts issue, Reuters says
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| 12:12 EDT |  | MS | Morgan Stanley price target raised to $36 from $30 at CLSA
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| 11:48 EDT | | C | Appaloosa reports new stakes in Comcast, Ashland, sells Oracle
David Tepper's Appaloosa in its quarterly filing report new positions in Comcast (CMCSA), Prudential (PRU), Hess Corp. (HES), Check Point (CHKP), KBR (KBR) and Ashland (ASH). The fund sold its stakes in Oracle (ORCL) and Noble Corp. (NE). Appaloosa's top position is in Citigroup (C), with a stake worth over $376.9M. |
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| 10:13 EDT | | BAC | Bank of America reports April card write-offs 4.55% vs. 4.33% last month
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| 06:53 EDT | | JPM | JPMorgan holders look unlikely to strip Dimon of chairmanship, FT says
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| 06:34 EDT | | GS, JPM | JPMorgan CEO has obtained advice from Goldman counterpart, NY Times says
JPMorgan (JPM) CEO Jamie Dimon has spoken with his counterpart at Goldman Sachs (GS), Lloyd Blankfein, a number of times in recent months about the challenges that Dimon is facing, according to The New York Times, which cited unnamed sources. Reference Link J |
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| 06:15 EDT | | JPM | JPMorgan reports April net credit losses 3.49% vs. 3.48% last month
Reports April delinquency rate 1.70% vs. 1.80% last month. |
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| May 14, 2013 |
| 18:28 EDT | | C | Citi announces sale of Credicard to Banco Itaú Unibanco
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| 18:02 EDT | | JPM | JPMorgan vote to split CEO and Chairman role just above 40%, WSJ reports
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| 16:00 EDT | | C | Options Update; May 14, 2013
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| 14:44 EDT | | MS | Morgan Stanley hits close to multi-year highs, levels to watch
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| 11:07 EDT | | MS | Morgan Stanley hits close to multi-year highs, levels to watch
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| 10:53 EDT | | BAC | Bank of America breakout continues, levels to watch
The breakout back above what was persistent resistance at the $12.50 area has now taken on a firmer bullish footing. Shares are trading at multi-year highs, last at $13.25. At that price, resistance is now at $13.56 and then at $13.84. Support is at $13.01. |
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| 09:01 EDT | | GS | NVIDIA in $750M accelerated share repurchase pact with Goldman Sachs
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| 08:44 EDT | | BAC | Bank of America management to meet with Deutsche Bank
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| 08:33 EDT | | MS, C, WFC, GS, JPM, USB, BAC | CFTC investigates swap contracts, FT reports
The Commodity Futures Trading Commission issued a “special call” asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as “exchanges of futures for swaps” were legal. Lawyers at the CFTC enforcement division are also scrutinizing the trades for possible violations. The probe is into the legitimacy of more than 1M energy and metals transactions by the biggest traders in commodities markets over the past two years.Reference Link |
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| 08:24 EDT | | JPM | David Tepper says has 'small position' in JPMorgan
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| 08:18 EDT | | C | David Tepper says Citigroup position 'more than twice' Apple stake
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| 08:10 EDT | | C | David Tepper says biggest position remains Citigroup
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| 08:10 EDT | | C | David Tepper says biggest position remains Citigroup
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| 07:59 EDT | | GS | Glass Lewis: Investors should oppose Goldman Sachs pay plan, Bloomberg reports
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| 07:28 EDT | | JPM | UBS to host a conference
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| 06:19 EDT | | BAC, MS, WFC | Brokerage firms see market share drop, competition increase, Bloomberg reports
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| 06:01 EDT | | GS | Goldman looking to lessen reliance on Bloomberg, NY Post reports
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| 05:58 EDT | | JPM | JP Morgan volatility at low end of six-year range
JP Morgan May call option implied volatility is at 22, June is at 20, August and September at 19; compared to its 26-week average of 22 according to Track Data, suggesting non-directional price movement. |
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| 05:44 EDT | | JPM, MS | Banks work deals from both sides of the field, WSJ reports
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| May 13, 2013 |
| 15:04 EDT | | JPM, WFC, MS, GS, BAC, C, USB | Fed says large banks must submit midyear stress tests on July 5
Eighteen large U.S. bank holding companies are required to submit the results of their company-run, midyear stress tests to the Federal Reserve on July 5, the Federal Reserve said. The Dodd-Frank Wall Street Reform and Consumer Protection Act required that large bank holding companies and non-bank financial institutions that are designated for Federal Reserve supervision by the Financial Stability Oversight Council conduct two stress tests each year. In the midyear test, which is being conducted for the first time in 2013, each firm develops its own baseline, adverse, and severely adverse scenarios to best reflect its individual operations and risks. Each firm in the midyear test is required to release the results produced under its severely adverse scenario, helping promote market discipline and understanding of the financial conditions and risks of individual firms, between September 15 and September 30, the Fed added. |
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| 09:39 EDT | | C | Active equity option families trading
Active equity option families trading on open according to Track Data: AAPL C TSLA LVS GILD FSLR |
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| 07:41 EDT | | JPM | Dimon role may be decided by board director Raymond's view, NY Times reports
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| 07:07 EDT | | JPM | JPMorgan shares offer good value, says Bernstein
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| 06:22 EDT | | JPM | JPMorgan's Dimon has considered leaving the bank, WSJ reports
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| May 10, 2013 |
| 16:01 EDT | | C | Options Update; May 10, 2013
CBOE Volatility Index VIX down 56c to 12.57. Option volume leaders: BIDU AAPL TSLA GOOG C MBI MGM according to Track Data. |
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| 14:21 EDT | | JPM | JPMorgan directors recommend against splitting Chairman, CEO roles
Two of JPMorgan's directors, Lee Raymond and William Weldon, sent a letter to shareholders of the bank urging for re-election of all its existing directors and supporting Jamie Dimon continuing as both Chairman and CEO. The directors, who identified themselves as the Presiding Director and the Chairman of the Corporate Governance & Nominating Committee, stated: "We believe that a vote against our current Directors or a vote to permanently separate the Chairman and CEO positions could be disruptive to the Company and is not in shareholders’ best interests," according to a copy of the letter posted online by Financial Times. Reference Link |
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| 10:01 EDT | | USB | U.S. Bancorp awardeed $65M of new markets tax credit allocation
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| 08:40 EDT | | USB | U.S. Bancorp management to meet with Deutsche Bank
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| 07:33 EDT | | BAC | New York's case against BofA, Merrill may be dropped, Reuters reports
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| 05:30 EDT | | BAC | KeyBank to acquire Bank of America CMBS servicing portfolio, Berkadia CMBS business
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| May 9, 2013 |
| 17:12 EDT | | JPM | JPMorgan sued by California for "fraudulent, unlawful debt-collection practices"
Attorney General Kamala D. Harris filed an enforcement action against JPMorgan Chase alleging that the bank engaged in fraudulent and unlawful debt-collection practices against tens of thousands of Californians. The suit alleges that Chase engaged in widespread, illegal robo-signing, among other unlawful practices, to commit debt-collection abuses against approximately 100,000 California credit card borrowers over at least a three-year period. Chase used California’s judicial system as a mill to obtain default judgments, the suit alleges, using illegal tactics to flood the state’s court system in order to secure default judgments and garnish wages from Californians. Reference Link |
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| 14:30 EDT | | BAC | Options Update; May 9, 2013
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| 08:09 EDT | | BAC, GS, JPM, MS | JPMorgan, Bank of America had perfect trading records in Q1, Bloomberg reports
JPMorgan Chase (JPM) and Bank of America (BAC) had perfect trading records in the first quarter, making money every day of the period as Morgan Stanley (MS) posted losses in eight sessions and Goldman Sachs (GS) in two, reports Bloomberg. One daily gain at JPMorgan was over $200M as the bank recovered from last year’s London Whale derivatives loss, the company said in a regulatory filing. Reference Link |
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| 07:35 EDT | | JPM | Platts to host a conference
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| 07:12 EDT | | C | Citigroup closing in on Deutsche Bank in Asian currency trade, Bloomberg reports
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| 06:40 EDT | | JPM | Calpers to support separation of chairman, CEO roles at JPMorgan, NY Times says
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| 06:10 EDT | | C | On the Fly: Periodicals Wrap-Up
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| 06:05 EDT | | GS | Goldman Sachs made about $500M for Malaysian bond sales, Bloomberg reports
Goldman Sachs Group made about $500M arranging three bond sales in the past year for 1Malaysia Development Bhd., the state investment fund led by Prime Minister Najib Razak, sources say, reports Bloomberg. That total is nearly as much as Malaysia pays each month on its debt and compares with Goldman's record $694M of global bond underwriting fees in the first quarter, according to Bloomberg data. Reference Link |
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| 05:43 EDT | | JPM, GS, WFC, MS, C, BAC, USB | Big banks take the offense against Washington, WSJ reports
The biggest U.S. banks are going on the offensive to fight off growing efforts in Washington to rein them in, reports the Wall Street Journal. They've hired longtime, influential Washington insiders to deflect regulatory and political pressure to strengthen their finances and to sell assets. Reference Link |
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| 05:39 EDT | | JPM | JPMorgan looks for more board directors for its risk committee, WSJ reports
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| May 8, 2013 |
| 19:52 EDT | | JPM | JPMorgan discloses receipt of Wells-type notice from FERC
In a regulatory filing, JPMorgan disclosed that the Federal Energy Regulatory Commission is investigating the firm’s bidding practices in certain organized power markets. In March, the firm received a Wells-type notice that the FERC staff intends to recommend that the Commission bring a possible enforcement action against J.P. Morgan Ventures Energy, JPMorgan Chase, and certain firm personnel relating to alleged violations of FERC rules and the rules of certain independent system operators. Additionally, in November 2012, the FERC issued an order suspending JPMVEC’s market-based rate authority for six months commencing on April 1, based on its finding that statements concerning discovery obligations made in submissions related to the FERC investigation violated FERC rules regarding misleading information. |
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| 16:18 EDT | | JPM | FERC delivers 'wells-type' notice to JPMorgan on energy probe, Bloomberg reports
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| 16:00 EDT | | C, BAC | Options Update; May 8, 2013
CBOE Volatility Index VIX down 17c to 12.66. Option volume leaders: BAC GOOG C AAPL DIS X XOM according to Track Data. |
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| 13:14 EDT | | GS | Goldman said to have earned $500M from Malaysia bond deals, Bloomberg reports
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| 10:57 EDT | | JPM | ICU Medical jumps after report says company considering sale
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| 10:20 EDT | | JPM | JPMorgan chooses Bisso to run North America investment office, Bloomberg says
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| 09:45 EDT | | JPM | JPMorgan named Erik Bisso as CIO for North America, Bloomberg reports
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| 09:37 EDT | | C | Active equity option families trading on open
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| 07:56 EDT | | MS | Morgan Stanley expands types of debt it buys, Bloomberg reports
Morgan Stanley added $677M of collateralized debt obligations to its available-for-sale portfolio in Q1 and increased its corporate bond holdings to $3.53B, according to a regulatory filing, reports Bloomberg. The portfolio was invested solely in government and agency debt and U.S.-backed student loans at the end of 2011. Reference Link |
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| 07:24 EDT | | GS | Federal Reserve Bank of Chicago to host a conference
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| May 7, 2013 |
| 16:01 EDT | | BAC | Options Update; May 7, 2013
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| 13:01 EDT | | BAC | AIG can sue BofA over mortgages, judge says, WSJ reports
A federal judge has ruled that American International Group (AIG) has the right to sue Bank of America (BAC) over more than $7B of mortgage-investment losses, reports the Wall Street Journal. U.S. District Judge Mariana Pfaelzer said that AIG did not give up its right to pursue certain legal claims when it unloaded the investments as part of its 2008 bailout. Reference Link |
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| 12:38 EDT | | C | Citigroup sues Barclays over Lehman losses, Reuters says
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| 11:26 EDT | | BAC | MBIA rally continues after Bank of America settlement
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| 10:56 EDT | | JPM | Second firm recommends JPMorgan split CEO, Chairman roles, FT reports
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| 10:28 EDT | | JPM | JPMorgan may cut commodity trader jobs in London, Dubai, Bloomberg says
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| 10:20 EDT | | GS, BAC, C | Banks accused of restraining swaps market competition, Bloomberg says
A sheet metal workers union in Cleveland claimed in federal court that Goldman Sachs Group (GS), Citigroup (C) and 10 other banks have restrained market competition" for credit default swaps, violating U.S antitrust law, says Bloomberg. Other banks named in the complaint include Bank of America (BAC), Deutsche Bank (DB), and UBS (UBS), added Bloomberg. Reference Link |
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| 10:03 EDT | | WFC | Prudential Retirement partners with Wells Fargo
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| 09:38 EDT | | BAC | Active equity option families trading
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| 09:17 EDT | | BAC | On The Fly: Pre-market Movers
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| 07:10 EDT | | JPM | Three major JPMorgan shareholders undecided on Dimon's roles, WSJ reports
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| 06:07 EDT | | JPM | On the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: Some of the world's biggest handset makers and telecom carriers are embracing alternative mobile operating systems this year in an attempt to become credible challengers to smartphones run by Apple (AAPL) and Google (GOOG), the Wall Street Journal reports...JPMorgan Chase (JPM) has yet to persuade three of its largest shareholders--BlackRock (BLK), Vanguard Group and Fidelity Investments--to back the company in a coming vote over whether James Dimon should retain his dual role of chairman and CEO, the Wall Street Journal reports...REUTERS: SoftBank (SFTBF) President Masayoshi Son said he will go to the U.S. today to meet Sprint Nextel’s (S) major shareholders about the Japanese company's takeover bid, after rival bidder Dish Network (DISH) said a U.S. company would make a better suitor., Reuters reports...Microsoft (MSFT) has sold 100M Windows 8 licenses in the six months since launch, but wants to combat sputtering interest in its flagship software with a substantial update to make it easier to use, and compatible with smaller tablets, Reuters reports...BLOOMBERG: Rio Tinto (RIO) will likely pursue a $5B expansion of its iron ore output in Australia, CEO Sam Walsh said, according to two people present at a meeting with investors and analysts, Bloomberg reports...Saudi Arabia, home to the biggest Arab bourse, seeks to boost institutional investments in its $390B stock market as the top OPEC producer weighs plans to allow foreigners to buy shares directly, Bloomberg reports. |
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| 06:01 EDT | | C, JPM | Antero Resources, controlled by Warburg Pincus, plans IPO, Reuters reports
Denver-based Oil and gas company Antero Resources, controlled by Warburg Pincus LLC, is preparing for an IPO that could value it at as much as $10B, sources say, reports Reuters. Antero hired Barclays (BCS), JP Morgan Chase (JPM) and Citigroup (C) to lead the deal, sources added. Reference Link |
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| 05:50 EDT | | C, BAC, WFC, JPM | Mortgage lenders ease standards for 'prime' borrowers, WSJ reports
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