Stock Market & Financial Investment News: Educated Investors Get Live Stock Market News Feeds & Alerts at The Fly On the Wall

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. Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 \| 2 \| 3 \| 4 \| 5 \| 6 \| 7 \| all recent news \| >>
June 18, 2013
16:00 EDT	C	Options Update; June 18, 2013 Subscribe for More Information

12:48 EDT	USB	U.S. Bancorp raises quarterly dividend 18% to 23c per share Subscribe for More Information

07:29 EDT	C, GS, BAC	Securities Industry and Financial Markets Association to host a conference Subscribe for More Information

June 17, 2013
16:00 EDT	C	Options Update; June 17, 2013 Subscribe for More Information

14:27 EDT	C	Citigroup May net charge-offs 3.00% vs. 3.11% last month Subscribe for More Information

14:20 EDT	C	Criminal charges likely in Libor case, WSJ reports Subscribe for More Information

10:22 EDT	BAC	Bank of America reports May card write-offs 4.03% vs. 4.55% last month Subscribe for More Information

09:36 EDT	JPM	JPMorgan reports May net credit losses 3.34% vs. 3.49% last month Reports May delinquency rate 1.60% vs. 1.70% last month.

08:09 EDT	JPM	JPMorgan confirms launch of asset tracking service Subscribe for More Information

07:50 EDT	JPM, MS	Move to relaunch synthetic CDOs falls apart, FT reports Subscribe for More Information

07:42 EDT	JPM	JPMorgan to begin asset tracking service, FT reports Subscribe for More Information

07:31 EDT	WFC	DNV KEMA to host a forum Subscribe for More Information

07:13 EDT	BAC, JPM	Bank profits seen hurt by rising rates with no growth, Bloomberg reports Subscribe for More Information

07:10 EDT	USB, WFC	Big banks fight new rules for small loans, WSJ reports Large banks are pushing back against regulators' plans to toughen rules on short-term, high-interest consumer loans. Wells Fargo, the largest bank to offer "deposit-advance loans," told regulators that it will discontinue the loans if plans for tougher rules are completed, reports the Wall Street Journal.Reference Link

06:14 EDT	BAC, JPM, WFC	On the Fly: Periodicals Wrap-Up Subscribe for More Information

June 14, 2013
10:10 EDT	WFC	On The Fly: Analyst Downgrade Summary Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Barclays... AngloGold (AU) downgraded to Sell from Neutral at UBS... DuPont (DD) downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics (MYGN) downgraded to Neutral from Buy at BofA/Merrill... Progress Software (PRGS) downgraded to Hold from Buy at Needham... Rubicon (RBCN) downgraded to Sell from Neutral at Goldman... Southern Company (SO) downgraded to Hold from Buy at Jefferies... SunTrust (STI) downgraded to Neutral from Buy at UBS... Wells Fargo (WFC) downgraded to Neutral from Buy at Sterne Agee... FIS (FIS) downgraded to Neutral from Outperform at RW Baird... SM Energy (SM) downgraded to Hold from Buy at Societe Generale..Wells Fargo (WFC) downgraded at Sterne Agee.

09:05 EDT	JPM	JPMorgan says One Equity Partners to raise future funds independently JPMorgan Chase announced that the partners of One Equity Partners, the firm�s private equity unit, will begin to raise their next fund from an external group of limited partners and become independent from JPMorgan Chase. One Equity Partners currently manages approximately $4.5B of investments for JPMorgan Chase in direct private equity transactions and has produced strong returns over the last twelve years. OEP will continue to make direct investments for JPMorgan Chase for an interim period. OEP will still manage the existing group of portfolio companies for JPMorgan Chase to maximize value for the firm.

09:05 EDT	JPM	JPMorgan says One Equity Partners to become independent Subscribe for More Information

07:57 EDT	WFC	Wells Fargo downgraded at Sterne Agee Subscribe for More Information

07:21 EDT	MS, GS	Clinton Global Initiative to host to host a meeting Subscribe for More Information

06:30 EDT	WFC	Wells Fargo downgraded to Neutral from Buy at Sterne Agee Subscribe for More Information

June 13, 2013
16:00 EDT	BAC	Options Update; June 13, 2013 Subscribe for More Information

14:53 EDT	GS	Goldman Sachs offering some clients automated block trades, Reuters says Subscribe for More Information

09:37 EDT	C	Active equity option families trading on open Subscribe for More Information

09:30 EDT	MS, GS	Clinton Global Initiative to host to host a meeting Subscribe for More Information

07:10 EDT	GS	Goldman Sachs looking at Japan offshore wind power, Bloomberg reports Subscribe for More Information

07:10 EDT	GS	Goldman COO "growing increasingly restless," NY Times reports Subscribe for More Information

07:05 EDT	C	Citigroup credit quality trends increase confidence, says Credit Suisse Subscribe for More Information

06:10 EDT	GS	On the Fly: Periodicals Wrap-Up Subscribe for More Information

05:52 EDT	C	Bank seizures of U.S. homes increased in May, Reuters reports Subscribe for More Information

June 12, 2013
19:09 EDT	GS	On The Fly: After Hours Movers Subscribe for More Information

18:56 EDT	GS	Northstar REIT, Goldman to pay $925M for stakes NJ pension holdings Subscribe for More Information

18:30 EDT	JPM	JPMorgan cuts 1,800 jobs in mortgage servicing, CNBC reports Subscribe for More Information

16:02 EDT	C	Options Update; June 12, 2013 Subscribe for More Information

15:54 EDT	JPM	JPMorgan cuts 1,800 jobs in mortgage servicing unit, CNBC reports

10:14 EDT	USB, WFC	On the Fly: Downgrade Summary Subscribe for More Information

08:49 EDT	BAC	Babcock & Wilcox names Mark Carano Chief Corporate Development Officer Subscribe for More Information

08:20 EDT	C	Citigroup says to provide up to EUR200M trade financing to support Greece Subscribe for More Information

07:21 EDT	JPM	The NYSSA to host a conference 23rd Annual High Yield Bond Conference is being held in New York on June 12.

06:41 EDT	GS, BAC, C, JPM	Firm says JPMorgan was top investment bank in Q1, Reuters reports Subscribe for More Information

06:21 EDT	USB	U.S. Bancorp downgraded to Underweight from Neutral at Atlantic Equities Subscribe for More Information

06:21 EDT	WFC	Wells Fargo downgraded to Underweight from Neutral at Atlantic Equities

06:04 EDT	BAC, MS, JPM	Coty to price its IPO later today, WSJ reports Subscribe for More Information

05:58 EDT	BAC, WFC, MS, JPM, USB, C	Some major banks get two year delay on swap rule, WSJ reports Subscribe for More Information

June 11, 2013
18:35 EDT	USB, BAC, JPM, MS, WFC, C	Banks given extension to spin off swaps units, WSJ reports Subscribe for More Information

16:00 EDT	BAC	Options Update; June 11, 2013 Subscribe for More Information

15:12 EDT	USB	Elavon, RGC Global Services announce strategic partnership Subscribe for More Information

15:05 EDT	MS	Morgan Stanley falls near session lows, near important test of support Subscribe for More Information

13:49 EDT	JPM	JPMorgan's Dimon sees 4%-5% rate on ten-year Subscribe for More Information

13:27 EDT	JPM	JPMorgan said reserves on mortgages will be down this quarter Subscribe for More Information

13:20 EDT	JPM	JPMorgan's Dimon said bank did everything they thought was right on 'Whale' The CEO continued, saying there was no "lying or hiding" on London Whale.

13:11 EDT	JPM	JP Morgan's Dimon sees no acquisitions in bank's foreseeable future Dimon said we are pretty much at the "cap' in the U.S. and the bank prefers to grow organically in Europe.

13:08 EDT	JPM	JPMorgan's Dimon says rates are going to go up in the U.S. Subscribe for More Information

13:02 EDT	JPM	JP Morgan's Dimon says Europe has a couple of years to get through JPMorgan CEO Jamie Dimon speaking at the Morgan Stanley Financials Conference

10:25 EDT	C	Citigroup falls toward $50, downside leader among sector peers The shares are down over 3.6% at time of writing to $50.01, near the break of the psychologically important $50 level. Earlier news reported by Bloomberg that the company could face a $7 billion dollar loss from currency swings may be weighing on the stock. Support below $50, which is a penny away from the 30-day moving average, is at $48.92, and then at $47.96, the 50-day moving average. Resistance is at $50.83.

09:42 EDT	GS	Active equity option families trading on open Subscribe for More Information

08:46 EDT	C	Citigroup could face $7B currency loss, analyst says, Bloomberg reports Citigroup (C) could lose about $7B on currency swings if Charles Peabody at Portales Partners is correct, although the analyst is at odds with peers who say the stock will be the best performer among big U.S. banks in the year ahead, reports Bloomberg. Peabody is among only four analysts out of 34 tracked by Bloomberg who recommend investors sell Citigroup shares. Reference Link

07:42 EDT	JPM	Boston Biotech Conferences to host a conference Subscribe for More Information

07:34 EDT	GS	Platts to host a conference 7th Annual Texas Energy Markets Conference is being held in Dallas, Texas on June 11-12.

07:33 EDT	BAC	Bank of America may still put Countrywide into bankruptcy, Reuters reports Subscribe for More Information

07:30 EDT	WFC, USB, BAC	Morgan Stanley to host a conference Subscribe for More Information

07:25 EDT	JPM, C	International Economic Forum of the Americas to host a forum 19th Conference of Montreal is being held in Montreal, Canada on June 10-13.

07:19 EDT	C	Citigroup EPS can increase about 45% over next two years, says Bernstein Bernstein believes that Citigroup's adjusted EPS can jump about 45% over the next two years, driven by lower credit costs and positive operating leverage,. The firm thinks the company can meet or exceed cost reductions reflected in consensus estimates and it keeps an Outperform rating on the stock.

June 10, 2013
18:58 EDT	GS	On The Fly: After Hours Movers Subscribe for More Information

16:21 EDT	BAC	Fifth Third Bancorp names Frank Forrest as Chief Risk and Credit Officer Subscribe for More Information

16:11 EDT	GS	Timken retains Goldman Sachs to evaluate separation of steel business Subscribe for More Information

16:01 EDT	C	Options Update; June 10, 2013 Subscribe for More Information

16:01 EDT	C	Options Update; June 10, 2013 Subscribe for More Information

11:52 EDT	BAC	Telefonica seeks bids for Irish unit during June, Bloomberg says Telefonica (TEF) is said to be seeking offers for its Irish unit, 02, within this month, reported Bloomberg, citing two people with information on the matter. The sale process is being run by Bank of America (BAC) and Hutchison Whampoa, Eircom Group and Liberty Global�s (LBTYA) UPC Ireland were among those that received sale information, one source said. Reference Link

10:04 EDT	MS	On The Fly: Analyst Downgrade Summary Subscribe for More Information

10:00 EDT	BAC	Bank of America Merrill Lynch expands transaction services in Canada Subscribe for More Information

09:04 EDT	JPM, GS	Beverage Digest to host a conference Wall Street Smarts is being held in New York on June 10.

07:11 EDT	GS, C	National Investor Relations Institute to host conference Subscribe for More Information

05:59 EDT	MS	Morgan Stanley downgraded to Perform from Outperform at Oppenheimer Subscribe for More Information

June 7, 2013
16:14 EDT	WFC	Former Wells Fargo unit reaches agreement with Fed on mortgage loans Subscribe for More Information

15:13 EDT	JPM	JPMorgan management to meet with JPMorgan Subscribe for More Information

12:35 EDT	MS	LPL Financial names Oroschakoff chief risk officer LPL Financial (LPLA) announced that Michelle Oroschakoff has been appointed chief risk officer and managing director. Oroschakoff will be based in San Diego and will report to Mark Casady, financial chairman and CEO. Oroschakoff joins LPL Financial from Morgan Stanley (MS), where she was most recently the global chief risk officer of the wealth management division.

10:11 EDT	BAC, C, MS, GS	On The Fly: Analyst Initiation Summary Today's noteworthy initiations include: ARM Holdings (ARMH) initiated with a Hold at Topeka... American Software (AMSWA) initiated with a Buy at B. Riley... Amkor Technology (AMKR) initiated with a Buy at Topeka... Applied Micro Circuits (AMCC) initiated with a Hold at Topeka... Bank of America (BAC) initiated with an Underperform at Macquarie... Boulder Brands (BDBD) initiated with an Outperform at Imperial Capital... Broadcom (BRCM) initiated with a Buy at Topeka... Cadence Design (CDNS) initiated with a Buy at Topeka... Citigroup (C) initiated with an Outperform at Macquarie... Consolidated Water (CWCO) initiated with a Buy at Roth Capital... Cornerstone OnDemand (CSOD) initiated with an Equal Weight at Stephens... Crosstex Energy LP (XTEX) initiated with a Buy at Citigroup... Demandware (DWRE) initiated with an Overweight at Stephens... Freescale (FSL) initiated with a Buy at Topeka... Garmin (GRMN) initiated with an Outperform at Raymond James... Goldman Sachs (GS) coverage resumed with a Neutral at Macquarie... Mellanox (MLNX) initiated with a Hold at Topeka... Morgan Stanley (MS) initiated with an Outperform at Macquarie... Myriad Genetics (MYGN) initiated with a Buy at Cantor... NXP Semiconductors (NXPI) initiated with a Buy at Topeka... Piedmont Natural Gas (PNY) initiated with a Hold at BB&T... Platinum Group (PLG) initiated with an Outperform at BMO Capital... Qualcomm (QCOM) initiated with a Hold at Topeka... Rambus (RMBS) initiated with a Buy at Topeka... Spreadtrum (SPRD) initiated with a Buy at Topeka... Steven Madden (SHOO) initiated with an Overweight at Piper Jaffray... Take-Two (TTWO) initiated with a Buy at Stifel... Wolverine World Wide (WWW) initiated with a Neutral at Piper Jaffray.

10:11 EDT	JPM	On The Fly: Analyst Downgrade Summary Subscribe for More Information

08:17 EDT	BAC	PIMCO supports BofA's $8.5B mortgage settledment, Bloomberg reports Bank of America's (BAC) $8.5B mortgage-bond settlement is �outstanding� for investors, says Kent Smith, an executive VP at Pimco who helped negotiate the agreement, and who testified in a trial over the agreement, reports Bloomberg. The settlement was reached after an investor group that included Pimco and BlackRock (BLK) at first demanded $12B. The accord resolves claims from Countrywide Financial mortgage-bond investors over loans bundled into securities. AIG (AIG) is fighting the settlement, saying Bank of America isn�t paying enough to compensate investors. Reference Link

06:46 EDT	JPM	JPMorgan downgraded at Macquarie Subscribe for More Information

06:44 EDT	GS	Goldman Sachs coverage resumed with a Neutral at Macquarie Subscribe for More Information

06:43 EDT	C	Citigroup initiated with an Outperform at Macquarie Target $62.

06:43 EDT	MS	Morgan Stanley initiated with an Outperform at Macquarie Subscribe for More Information

06:43 EDT	BAC	Bank of America initiated with an Underperform at Macquarie Subscribe for More Information

06:41 EDT	JPM	JPMorgan downgraded to Neutral from Outperform at Macquarie Subscribe for More Information

06:09 EDT	BAC	Top rated BofA Merrill analyst Nakanishi to leave firm, Bloomberg reports Subscribe for More Information

June 6, 2013
16:01 EDT	C, BAC	Options Update; June 6, 2013 CBOE Volatility Index VIX down 72c to 16.78. Option volume leaders: AAPL TSLA GOOG C MRK BAC according to Track Data.

14:13 EDT	BAC	Walter Investment unit enters master repurchase agreement with Bank of America Walter Investment Management (WAC) disclosed in a regulatory filing that on May 31 its wholly owned indirect subsidiary Green Tree Servicing entered into a Master Repurchase Agreement, or �Warehouse Agreement," with Bank of America. In addition, pursuant to the terms of their agreement, the company provided Bank of America with a guaranty in order to support Green Tree�s obligations under the agreement. The agreement provides for a maximum aggregate purchase price of $500M, $250,000 of which is provided by Bank of America on a committed basis, the filing stated.

12:06 EDT	WFC	Wells Fargo settles foreclosure-upkeep case for $42M, WSJ says Subscribe for More Information

09:36 EDT	C	Citigroup slips lower after drop from BofA/Merrill U.S. 1 List Subscribe for More Information

09:19 EDT	C	Citigroup removed from U.S. 1 List at BofA/Merrill Subscribe for More Information

07:20 EDT	GS	Goldman to host a conference 4th Annual dotCommerce Day is being held in New York on June 6 with webcasted company presentations to begin at 9 am; not all company presentations may be webcasted. Webcast Link

07:10 EDT	GS	'Dark pools' face regulatory scrutiny, WSJ reports Subscribe for More Information

07:06 EDT	MS	Morgan Stanley volatility increases as shares pullback Subscribe for More Information

07:04 EDT	GS	Goldman Sachs overall volatility increases to 27 Subscribe for More Information

07:01 EDT	WFC	Wells Fargo volatility increases as shares pullback Subscribe for More Information

06:57 EDT	USB	U.S. Bancorp volatility flat, shares near 56-month high Subscribe for More Information

06:53 EDT	JPM	JP Morgan volatility increases as shares pullback from 12-year high JP Morgan overall option implied volatility of 25 is above its 26-week average of 21 according to Track Data, suggesting larger price movement.

06:51 EDT	BAC	Bank of America volatility flat as shares pullback Subscribe for More Information

06:47 EDT	C	Citigroup volatility increases as shares pullback Subscribe for More Information

06:16 EDT	MS	Glencore to hire four Morgan Stanley LNG traders, Bloomberg reports Subscribe for More Information

06:09 EDT	WFC	NAB seeks U.S. loan market tie-up with Wells Fargo, Reuters reports Subscribe for More Information

06:06 EDT	BAC	CIT's Thain regrets selling Merrill Lynch to Bank of America, WSJ reports Subscribe for More Information

06:03 EDT	GS	On the Fly: Periodicals Wrap-Up Subscribe for More Information

June 5, 2013
18:15 EDT	JPM	FERC sides with CA regulators in energy dispute with JPMorgan, Sac Bee says The Federal Energy Regulatory Commission sided with the California Independent System Operator in its fight against JPMorgan regarding the firm's energy bidding practices, reports The Sacramento Bee. The California ISO says it is owed $53M by the company, but the report says the FERC order isn't final, pending additional data regarding pricing. Reference Link

16:01 EDT	BAC, C	Options Update; June 5, 2013 Subscribe for More Information

14:26 EDT	USB	U.S. Bancorp unit sued over Peregrine funds, WSJ reports Subscribe for More Information

08:03 EDT	GS	Goldman Sachs increases Indian renewable energy investment, FT reports Goldman Sachs�s private equity arm is investing another $135M into ReNew Wind Power, a sign of the increasing interest in Asian renewables, reports the Financial Times. The additional $135M will take its total to $385M invested out of a possible $500M earmarked for the company. Reference Link

07:29 EDT	WFC	Deutsche Bank to host a conference Subscribe for More Information

07:11 EDT	BAC, JPM, GS	Wall Street cools on natural gas, WSJ reports Subscribe for More Information

07:10 EDT	JPM, MS	Wall Street brings back one of its riskiest bets, WSJ reports Subscribe for More Information

06:15 EDT	C, GS, MS	Goldman Sachs sucessful in Saudi property bond, Bloomberg reports Subscribe for More Information

06:09 EDT	BAC	AIG says $8.5B settlement with BofA not big enough, Reuters reports Subscribe for More Information

06:03 EDT	BAC, JPM, MS	On the Fly: Periodicals Wrap-Up Subscribe for More Information

05:43 EDT	JPM	Tech firms applaud Obama patent move, WSJ reports Technology companies welcomed the Obama administration's decision to enter the debate over patent litigation, seeing a chance to stem a flood of lawsuits they say is hurting innovation, reports the Wall Street Journal. Reference Link

June 4, 2013
17:09 EDT	JPM	JPMorgan to forgive $842M of Alabama county debt, Bloomberg reports Subscribe for More Information

16:26 EDT	BAC	Meredith Whitney likes Bank of America as a 'fix-up' situation Comment made on CNBC interview.

16:04 EDT	MS	Triangle Capital names Ashton Poole as COO and President Subscribe for More Information

16:00 EDT	C	Options Update; June 4, 2013 CBOE Volatility Index VIX up 11c to 16.38. Option volume leaders: AAPL TSLA GOOG CRM C SDRL ZNGA according to Track Data.

11:20 EDT	BAC, WFC	FINRA orders Bank of America, Wells Fargo to pay $3M reimbursement The Financial Industry Regulatory Authority announced that it has fined two firms a total of $2.15M and ordered the firms to pay more than $3M in restitution to customers for losses incurred from unsuitable sales of floating-rate bank loan funds. FINRA ordered Wells Fargo (WFC) to pay a fine of $1.25M and to reimburse approximately $2M in losses to 239 customers. FINRA ordered Bank of America (BAC) to pay a fine of $900,000 and to reimburse approximately $1.1M in losses to 214 customers. In concluding the settlement, Wells Fargo and Bank of America neither admitted nor denied the charges, but consented to the entry of FINRA's findings.

10:10 EDT	WFC	Wells Fargo management to meet with Deutsche Bank Meeting to be held in New York on June 4 hosted by Deutsche Bank.

09:37 EDT	C	Active equity option families trading Active equity option families trading on open according to Track Data: AAPL ZNGA C TSLA CRM NFLX BAC INTC BP MRK�

<< 1 \| 2 \| 3 \| 4 \| 5 \| 6 \| 7 \| all recent news \| >> Sign up for a free trial to see the rest of the stories you've been missing.