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Stock Market & Financial Investment News

News Breaks
December 24, 2012
06:19 EDTWFC, USB, BAC, JPM, C, MS, GSBig bond dealers holding onto Treasuries, Bloomberg reports
Major bond dealers are increasingly reluctant to give up their record holdings of Treasuries, providing support for a rally in the world’s most liquid debt market, reports Bloomberg. Goldman Sachs (GS), JPMorgan Chase (JPM) and the other primary dealers of U.S. government securities reduced the amount of bonds they offered to the Fed to average of $8.04B a day in the past two weeks, from the $11.6B in September 2011, when the central bank began its Operation Twist stimulus program, according to Bloomberg data. At the same time, Wall Street’s holdings of Treasuries more than doubled since March. Reference Link
News For GS;JPM;USB;MS;BAC;WFC;C From The Last 14 Days
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September 3, 2015
16:19 EDTBACBank of America to use advanced approaches for capital requirements
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15:32 EDTBACOptions Update; September 3, 2015
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08:30 EDTBACBank of America recommended ahead of a rate rise at Morgan Stanley
Morgan Stanley said investors do not need higher rates to buy Bank of America shares. The firm said accelerating loan growth and strong fee growth alone will increase revenues up to 3%-5% year-over-year in 2016-17. The firm said it currently has just 30% and 50% of the improvement in the forward curve in its 2016 and 2017 estimates, and if dropped to the bottom line, could add 15c to earnings and $1.70 to its price target. Morgan Stanley views Bank of America's valuation as compelling and recommends buying shares ahead of a rate rise. The firm rates shares an Overweight with a $21 price target.
06:51 EDTMSMiramax taps Morgan Stanley to help find buyer, Bloomberg reports
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September 2, 2015
17:54 EDTBACBofA proposal opposed by proxy advisor Glass Lewis, WSJ says
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16:46 EDTBACBofA board proposal opposed by proxy advisor Glass Lewis, Dow Jones says
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12:33 EDTWFC, C, BACOptions Update; September 2, 2015
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10:00 EDTWFCOn The Fly: Analyst Upgrade Summary
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08:45 EDTUSBU.S. Bancorp volatility at high end of range
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08:19 EDTWFCWells Fargo upgraded to Buy from Hold at Sandler O'Neill
Sandler O'Neill analyst R. Scott Siefers upgraded Wells Fargo to Buy with a $59 price target citing the 13% pullback in shares from their July high. Wells has been positioning itself better to "capture opportunities irrespective of the rate environment," the analyst tells investors in a research note.
08:06 EDTJPMJP Morgan volatility at high end of range
JP Morgan September weekly call option implied volatility is at 47, September is at 38, October is at 33; compared to its 52-week range of 14 to 44, suggesting large near term price movement.
07:49 EDTBACBank of America volatility increases as shares pullback
Bank of America September weekly call option implied volatility is at 52, September is at 47, October is at 41; compared to its 52-week range of 15 to 44, suggesting large near term price movement.
07:36 EDTCCitigroup volatility increases on wide price movement
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07:07 EDTWFCWells Fargo volatility at high end of range
Wells Fargo September weekly call option implied volatility is at 52, September is at 38, October is at 35; compared to its 52-week range of 12 to 36, suggesting large near term price movement.
06:38 EDTC, MSMorgan Stanley poaches two brokers from Citigroup, Reuters reports
Morgan Stanley (MS) has poached two brokers from Citigroup's (C) private banking unit, William Goettert and John Entenberg, who managed $1B in client assets and have a combined $5M in production, Reuters reports. Additionally, Morgan Stanley has hired Louis Greif from Barclays' (BCS) U.S. wealth and investment management unit. Reference Link
06:25 EDTGSGoldman Sachs volatility increases to upper end of one-year range
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05:40 EDTCCiti agrees to sell consumer banking business in Hungary
Citi signed an agreement with Erste Bank Hungary Zrt. and its subsidiary Erste Befektetesi Zrt. to sell its consumer banking business in Hungary. The sale includes Citi's retail banking, consumer loans, cards businesses and the transfer of consumer banking employees. This transaction is subject to regulatory approvals, which are expected by the end of 2015. Transfer of customer accounts is expected to be completed in Q4 2016. The financial terms of the transaction are not material to Citi. Terms of the transaction were not disclosed.
05:16 EDTBACFS Bancorp to acquire four banking locations from Bank of America
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05:14 EDTCStocks with implied volatility movement; C AAPL
Stocks with implied volatility movement; Citi (C) 40, Apple (AAPL) 45 according to iVolatility.
05:12 EDTWFCStocks with implied volatility movement; WFC NFLX
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