New User:

Forgot your password?

Stock Market & Financial Investment News

News For MS;C;WFC;JPM;BAC;GS;USB From The Last 14 Days
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 | >>
March 3, 2015
10:20 EDTJPMJPMorgan to pay $50M in settlement with Justice Department
Subscribe for More Information
10:12 EDTCCitigroup volatility elevated into stress test results
Subscribe for More Information
10:00 EDTCOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
09:35 EDTCActive equity options trading on open
Subscribe for More Information
07:31 EDTCFortress Co-Chairman Wes Edens comments on Springleaf acquisition of OneMain
Subscribe for More Information
07:15 EDTCSpringleaf to host conference call
Subscribe for More Information
06:50 EDTJPMJPMorgan's consumer business outshining its investment bank, NY Times says
In a reversal from the last several years, JPMorgan's consumer banking business seems to be performing better than its investment bank, The New York Times wrote, after viewing presentations by the heads of both banks. The head of the consumer bank, Gordon Smith, is in line to succeed Jamie Dimon as JPMorgan's CEO if he steps down in the near future, the newspaper noted. Reference Link
06:34 EDTCCiti confirms sale of OneMain Financial To Springleaf to $4.25B
Subscribe for More Information
06:32 EDTCSpringleaf confirms acquisition of Citi's OneMain for $4.25B
Subscribe for More Information
06:06 EDTCCiti upgraded to Overweight from Neutral at JPMorgan
JPMorgan upgraded Citigroup (C) to Overweight saying the Costco (COST) co-branding credit card deal announced yesterday will add to revenue growth and return on assets. Further, the firm expects the Federal Reserve to approve Citi's capital return in 2015 and for the banking giant to achieve its operating efficiency targets this year. It upped its price target for shares to $58 from $54. Citi closed Monday up $1.07 to $53.49.
05:37 EDTCSpringleaf close to buying Citi's OneMain for $4.25B, WSJ reports
Springleaf (LEAF) could announce as early as today a deal to acquire Citi's (C) OneMain Financial for about $4.25B, Wall Street Journal reports, citing people familiar with the matter. Reference Link
March 2, 2015
17:08 EDTBAC, market-riggin case to proceed (OSTK) announces that due to the California Supreme Court's decision last week not to review a lower appellate court ruling, relevant discovery materials gained in its long-fought battle with Goldman Sachs (GS) and Merrill Lynch (BAC) will be released to the public, and it will be proceeding to trial against Merrill Lynch. In a suit filed in 2007, alleged certain brokerages engaged in illegal market manipulation in a deliberate effort to manipulate's share prices. Over many years and millions of dollars of discovery generating millions of documents, it fashioned its case against some of the premier brokerages on Wall Street. As was previously disclosed in a filing with the SEC in December 2010, entered into a settlement with certain other defendants in the aggregate amount of $4.44M, the terms of which are confidential. In January 2012, a California trial court decided that relevant portions of the voluminous discovery records regarding Goldman and Merrill should be made public, but dismissed the case on narrow, technical grounds. Last week's decision by the California Supreme Court not to review the appellate court ruling means that the process for public release of information gathered through the discovery process may now proceed, and also the trial against Merrill Lynch. Overstock SVP and General Counsel Mark Griffin added, "It is unfortunate the Court has decided that, despite the substantial evidence against Goldman Sachs, due to jurisdictional grounds they cannot be made to account for it in a California courtroom. Overstock looks forward to making that evidence available to the public for review, and we can't wait to get Merrill Lynch in front of a jury, and let them decide what to do about these manipulative stock market abuses."
16:02 EDTBAC, COptions Update; March 2, 2015
iPath S&P 500 VIX Short-Term Futures down 91c to 26.70. Option volume leaders: AAPL TSLA TWTR MBI MCD NFLX AMZN GOOG BAC C according to Track Data.
12:20 EDTMSNew York Attorney General to sue Morgan Stanley over subprime deals
In a regulatory filing submitted Monday, Morgan Stanley stated that on January 13, the New York Attorney General’s Office indicated that it intends to file a lawsuit related to approximately 30 subprime securitizations sponsored by the company. NYAG indicated that the lawsuit would allege that the company misrepresented or omitted material information related to the due diligence, underwriting and valuation of the loans in the securitizations and the properties securing them and indicated that its lawsuit would be brought under the Martin Act. The company does not agree with NYAG’s allegations and has presented defenses to them.
11:24 EDTCCiti CFO sees Q1 fixed-income, equity markets revenue declining, Reuters says
Citi CFO John Gerspach sees revenue from fixed-income and equity markets declining by mid-to-high single-digits in Q1 y/y due to the Swiss currency reevaluation and a "slow start" in spread products, reports Reuters, citing an investor conference. Reference Link
10:41 EDTJPMJPMorgan investment banking head sees 'very active' year, Bloomberg says
Dorothee Blessing, JPMorgan's vice chairman of EMEA investment banking, stated in a Bloomberg interview that “We expect 2015 to continue to be very active," similar to last year's cross-border deals and transactions in health care and telecoms, media and technology. Blessing said , "We see a continuous flow of ECM activity this year and the pipeline for IPOs is robust.” Separately today, she appointed Callum Mitchell-Thomson as head of investment banking for Germany. Reference Link
10:02 EDTJPM, CSantander names Scott Powell CEO of Santander Holdings USA
Subscribe for More Information
09:03 EDTUSBU.S. Bancorp announces working with Samsung mobile payment service
Subscribe for More Information
08:38 EDTGSGoldman cuts Singapore investment-banking team nearly a third, Bloomberg says
Subscribe for More Information
08:11 EDTCCapital One slips after Costco enters co-brand card pact with Visa, Citi
Shares of Capital One (COF) are slipping in pre-market trading after Costco Wholesale (COST) announced it has entered into a new co-brand credit card program agreement with Citi (C) and an acceptance and co-brand incentive agreement with Visa (V). The Fly notes that on February 12 American Express (AXP) announced that its U.S. co-brand and merchant acceptance agreements with Costco are set to end on March 31, 2016. On October 1 of last year, MasterCard Canada (MA) entered into an agreement with Costco Canada to open credit card acceptance to MasterCard cardholders. In addition, Capital One rolled out a new cobranded MasterCard credit card with Costco Canada at that time, which may have led some to speculate that Capital One and MasterCard could have the inside track for a U.S. deal with Costco. In pre-market trading, Capital One shares slid 0.56% to $78.27 and MasterCard shares slipped fractionally lower to $90.
<< 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.

I agree to the disclaimer & terms of use