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Stock Market & Financial Investment News

News Breaks
May 2, 2014
05:08 EDTISBCInvestors Bancorp holders, depositors approve plan of conversion
Investors Bancorp announced that its stockholders and the depositors of the bank each approved the plan of conversion pursuant to which the company will reorganize into a stock holding company, New Investors Bancorp, a Delaware corporation, with the bank becoming its wholly owned subsidiary. The company also announced that its stockholders and the bank's depositors have each approved the contribution to Investors Charitable Foundation of 1M shares of New Investors Bancorp common stock and $10M in cash.
News For ISBC From The Last 14 Days
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July 10, 2014
10:05 EDTISBCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: AuRico Gold (AUQ) downgraded to Hold from Buy at Canaccord... Cincinnati Bell (CBB) downgraded to Underperform from Neutral at BofA/Merrill... Eldorado Gold (EGO) downgraded to Hold from Buy at Canaccord... Fortuna Silver Mines (FSM) downgraded to Hold from Buy at Canaccord... Gerdau (GGB) downgraded to Neutral from Overweight at JPMorgan... Hi-Crush Partners (HCLP) downgraded to Neutral from Buy at Ladenburg... Ingredion (INGR) downgraded to Equal Weight from Overweight at Stephens... Investors Bancorp (ISBC) downgraded to Neutral from Buy at Guggenheim... Lumber Liquidators (LL) downgraded to Hold from Buy at Jefferies... Mid-America Apartment (MAA) downgraded to Underweight at Morgan Stanley... Northern Tier (NTI) downgraded to Neutral from Outperform at Macquarie... S&T Bancorp (STBA) downgraded to Neutral from Buy at Guggenheim... T. Rowe Price (TROW) downgraded to Equal-Weight from Overweight at Evercore... Tahoe Resources (TAHO) downgraded to Hold from Buy at Canaccord... Tractor Supply (TSCO) downgraded to Market Perform from Outperform at William Blair... UnitedHealth (UNH) downgraded to Hold from Buy at Jefferies... Waddell & Reed (WDR) downgraded to Neutral from Buy at Citigroup... Washington Trust Bancorp (WASH) downgraded to Neutral from Buy at Guggenheim.
08:39 EDTISBCInvestors Bancorp downgraded to Neutral from Buy at Guggenheim
Guggenheim downgraded Investors Bancorp citing valuation, low level of fee income, lower NIM, and high loan to deposit ratio. Price target lowered to $11.25 from $12.

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