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Stock Market & Financial Investment News

News For GS;MS;BAC;JPM;BA;DELL;FB From The Last 14 Days
Check below for free stories on GS;MS;BAC;JPM;BA;DELL;FB the last two weeks.
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<< 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | all recent news | >>
July 15, 2014
11:26 EDTGSGoldman Sachs doesn't see more significant asset reductions related to review
Doesn't see any more significant asset reductions related to its balance sheet review. Regarding its tax rate, CFO Schwartz says "We're a high taxpayer." Sees headcount increasing by year-end. Says hiring in asset management, cutting staff in fixed income trading.
11:07 EDTFBStocks with call strike movement; MU FB
Micron (MU) October 37 call option implied volatility increased 2% to 39, Facebook (FB) December 75 call option implied volatility increased 3% to 38 according to IVolatility.
11:06 EDTGSGoldman Sachs CFO says will consider accretive acquisitions
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10:56 EDTFBFed calls small cap social media, biotech valuations 'stretched'
The Board of Governors of the Federal Reserve in its Monetary Policy Report dated today said valuation metrics in "some sectors" appear substantially stretched, "particularly those for smaller firms in the social media and biotechnology industries, despite a notable downturn in equity prices for such firms early in the year." A later part in the document reads, "Equity valuations of smaller firms as well as social media and biotechnology firms appear to be stretched, with ratios of prices to forward earnings remaining high relative to historical norms." The specific targeting of sectors by the Fed seems to be having an impact on stocks in the social media and biotech spaces. Shares of Yelp (YELP) are down over 5% to $67.51, while Twitter (TWTR) and Facebook (FB) are each down 2%. Celgene (CELG) and Amgen (AMGN) are leading the biotech space lower with pullbacks of greater than 1%.
10:50 EDTGSGoldman Sachs says asset reductions had 'de minimis' impact on franchise
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10:47 EDTGSGoldman Sachs says undertook 'comprehensive analysis' of balance sheet during Q2
Reports "mixed" operating environment in Q2. Says equity volatility at historically low levels. Says VAR drop driven by volatility, risk positions. Says currency trading was higher in Q2 than Q1, mortgages were flat, credit declined. CFO Harvey Schwartz says company undertook comprehensive review of balance sheet during the quarter. Comments made on the Q2 earnings conference call.
10:37 EDTJPMOptions with decreasing implied volatility
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10:33 EDTFBFacebook, Twitter slip following cautious valuation comments from Fed
Shares of a number of companies in the social media and biotech industries moved lower following the circulation of cautious comments about their stock valuations that were included in the Federal Reserve's latest Monetary Policy Report. WHAT'S NEW: In the report, presented by the Board of Governors of the Federal Reserve and signed on behalf of the governors by Chair Janet Yellen, the central bank wrote that some broad equity price indexes have increased to all-time highs in nominal terms since the end of 2013, but that valuation measures for the overall market in early July were "generally at levels not far above their historical averages." However, the Fed's report also cautioned that valuation metrics in some sectors do appear substantially "stretched," particularly those for smaller firms in the social media and biotechnology industries, despite a notable downturn in equity prices for such firms early in the year. As support for its assessment, the Fed noted that ratios of prices to forward earnings for "smaller firms as well as social media and biotechnology firms" remain "high relative to historical norms." PRICE ACTION: Following the circulation of the comments in the Fed report, shares of Facebook (FB) are down 88c, or 1.3%, to $67.02, Twitter (TWTR) is down 24c, or 0.6%, to $38.07 and LinkedIn (LNKD), is down 21c, or 0.1%, to $159.57. Shares of some biotechnology companies including Celgene (CELG) and Amgen (AMGN) also ticked lower following the circulation of the comments from the Fed's report.
10:18 EDTFBFacebook, Twitter move lower following comments from Yellen
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10:12 EDTBACBank of America reports June default rate 3.24% vs. 3.75% last month
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09:47 EDTJPMJPMorgan rallies after earnings, levels to watch
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09:46 EDTBAGE's FES selected by SpiceJet Airlines to support entire fleet
SpiceJet Airlines has selected GE’s (GE) Flight Efficiency Services to support its fleet of 52 Boeing (BA) 737 and Bombardier Q400 aircraft. GE will provide flight data analytics and fuel management to optimize the airline’s operational efficiency with the goal of substantially reducing fuel expenses for the airline. GE will provide consultation and evaluation services with the aim of reducing the airline’s fuel consumption and carbon emissions. GE is also designing and implementing custom solutions for SpiceJet and performing on-going efficiency measurements.
09:38 EDTJPM, FBActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FB JPM TSLA
09:37 EDTJPMJPMorgan upgraded to Outperform from Sector Perform at Portales
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09:25 EDTJPMJPMorgan continues to see share buyback as back-end loaded
JPMorgan CFO says company does not give specific guidance on share repurchases, but that the bank has capacity to do share buybacks in the second half of the year.
09:21 EDTGS, JPMOn The Fly: Pre-market Movers
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08:44 EDTJPMJPMorgan CFO says mortgage production environment remains challenging
JPMorgan CFO Marianne Lake speaking on earnings conference call.
08:41 EDTJPMJPMorgan reports firm NIM down 1 bp, core NIM down 2 bps
JPMorgan reports Q2 firm and core NIM down 1 bp and 2 bps sequentially, to 2.19% and 2.64%, respectively, primarily due to lower loan yields, partially offset by lower long-term debt yields.
08:34 EDTJPMJPMorgan CEO Dimon says feels great, prognosis excellent for condition
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08:30 EDTJPMJPMorgan sees current fixed income and equities environment to persist in Q3
In Fixed Income & Equities, JPMorgan expects the current environment to persist into Q3 with normal seasonal trends. In Securities Services, sees revenue to decrease by approximately $100M in Q3 from $1.14B in Q2, due to seasonality. In Treasury Services, expects revenue to be flat vs. Q2 at approximately $1B in Q3, primarily due to the impact of business simplification and lower trade finance balances and spreads. JPMorgan sees FY14 pretax margin and ROE to be lower than Q2, as the business continues to invest in both infrastructure and controls as well as select front office hiring, but is on track to deliver TTC targets for FY15. Guidance in slides for Q2 earnings conference call.
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