New User:

Forgot your password?

Stock Market & Financial Investment News

News For JPM;MS;WFC From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 >>
October 2, 2015
06:37 EDTMSMorgan Stanley shakeup give insight into Gorman's plan, WSJ says
Morgan Stanley promoted two of its rising stars to larger roles while diminishing the responsibilities of one of its most prominent executives, Gregory Fleming, the Wall Street Journal reports. Moving Edward Pick and Dan Simkowitz to global head of sales and trading and head of Fleming's investment management unit, respectively, show CEO James Gorman's goal to make the firm's transition to new management less tumultuous than in years' past, the report says. Reference Link
October 1, 2015
19:15 EDTJPMJPMorgan preparing $18B bid for U.K. mortgage pool, Bloomberg says
Subscribe for More Information
19:10 EDTJPM, MSJPMorgan to pay $595M in credit-default swap suit, Bloomberg says
JPMorgan (JPM) is set to pay $595M to settle allegations that major banks as well as Markit (MRKT) colluded to control information in the credit-default swaps market, reports Bloomberg, citing people briefed on the matter. Morgan Stanley (MS), Barclays (BCS), and Goldman Sachs (GS) will pay a respective $230M, $175M, and $164M, sources told Bloomberg. Reference Link
17:47 EDTJPMJudge rules in favor of JPMorgan in $8.6B Lehman fight, WSJ says
Subscribe for More Information
08:51 EDTJPMOversold bank stocks due for a bounce, says Baird
Following the worst quarter for the S&P 500 and for the KBW Nasdaq Bank Index since the third quarter of 2011, Baird analyst David George contends that "broadly oversold" bank stocks are due for a bounce. The analyst believes that even in-line results should help improve the bearish sentiment on the sector and could see bouncebacks for defensive names like JPMorgan (JPM), PNC (PNC) and BB&T (BBT) as well as for higher-beta names like Bank of America (BAC) and Capital One (COF).
08:00 EDTJPM, MSSecurity Traders Association to hold a conference
Subscribe for More Information
September 30, 2015
18:21 EDTWFCGeneral Electric confirms sale of railcar services to Wells Fargo
General Electric (GE) confirmed that it has reached separate agreements to sell its tank car fleet assets and railcar repair facilities to Marmon Holdings and its remaining railcar leasing business, General Electric Railcar Services to Wells Fargo (WFC). Terms of the transactions are not being disclosed. "We expect to be substantially done with our exit strategy [to sell most of the assets of GE Capital] by the end of 2016," noted GE Capital chairman and CEO Keith Sherin. "GE and its board of directors have determined that market conditions are favorable to pursue disposition of these assets. GE Capital will retain the financing 'verticals' that relate to GE's industrial businesses," the company noted. The sale of the tank car assets is effective immediately and closed Wednesday. The sale of the railcar repair facilities is expected to close in Q4. The sale of the remaining railcar leasing business is expected to close by the end of 1Q16. When completed, the rail transactions, which represent about $4B of ending net investment, will contribute approximately $1.3B of capital to the overall target of approximately $35B of dividends expected to GE under this plan. The company also noted that the completion of the sale of GE's European fleet businesses to Arval, a fully owned subsidiary of BNP Paribas (BNPQY), is expected to close in Q4.
18:03 EDTWFCWells Fargo First Union Rail to acquire GE Railcar services, terms not disclosed
Subscribe for More Information
18:00 EDTWFCWells Fargo First Union Rail to acquire GE Railcar services
Subscribe for More Information
07:46 EDTWFC, MS, JPMFed liftoff may be more turbulent for banks than expected, WSJ says
Subscribe for More Information
07:33 EDTJPMJPMorgan must face 'London Whale' class action suit, Reuters reports
Subscribe for More Information
07:18 EDTJPMSecurities Industry and Financial Markets Association to hold a forum
Subscribe for More Information
September 29, 2015
09:22 EDTJPM, MSMorningstar to hold a conference
Subscribe for More Information
September 28, 2015
09:36 EDTWFC Active equity options trading on open
Subscribe for More Information
06:20 EDTMSCOMCO probing UBS, Julius Baer for metals market price fixing, AFP reports
Subscribe for More Information
September 25, 2015
13:20 EDTMSGoldman Sachs hires Morgan Stanley trader, Business Insider reports
Goldman Sachs (GS) has hired Adam Savarese, a former trader at Morgan Stanley (MS), as a partner at its debt trading desk, Business Insider reports, citing people familiar with the matter. Savarese will work with partner Tom Tormey, the report says. Reference Link
07:33 EDTWFCGlobal Interdependence Center to co-host a discussion
Subscribe for More Information
September 24, 2015
08:23 EDTMSMorgan Stanley to participate in a discussion with 92Y
David Darst, Chief Investment Strategist at Morgan Stanley, along with Claire b. Benenson, a former mutual funds director, discuss the outlook for the U.S. and the global economy, inflation/deflation and corporate profits, in a discussion entitled, "Asset Allocation and Investment Strategy for 2016 and Beyond" being held in New York on September 24 at 8:15 pm.
07:10 EDTWFC, MS, JPMBanks clash with regulators over energy lending, WSJ reports
Banks are fighting with regulators over loan reviews that might compress the flow of net credit to the oil patch, the Wall Street Journal reports. The disagreement is focused on the narrow issue of loans secured by oil and gas companies' reserves, but it highlights the point of how postcrisis regulation of the financial industry impacts sectors outside of Wall Street, the report says. Caught in between banks and regulators are the small and medium exploration and production companies that rely on credit lines using their energy reserves as collateral, the report says. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
September 23, 2015
16:00 EDTJPMOptions Update; September 23, 2015
iPath S&P 500 VIX Short-Term Futures down 53c to 23.81 Option volume leaders: AAPL NFLX BAC FB BABA DOW RIG MU FCX PBR XOM JPM
1 | 2 >>

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