New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 25, 2013
06:07 EDTAAPL, FIATY, JCP, BAC, YUM, VLKAY, F, IVZ, MS, BBRY, TM, GM, WFC, COn the Fly: Periodicals Wrap-Up
WALL STREET JOURNAL: J.C. Penney (JCP) CEO Ron Johnson has seen sales fall by double-digits. By the end of 2012, analysts were warning the company could run short on cash. Penney's stock finished last year down more than 40%. Johnson was viewed as something of a savior when he was hired from Apple in 2011 but sources say he ignored conventional industry wisdom and moved too abruptly to impose practices inspired by his time at Apple. On Wednesday Penney reports results for the all important holiday quarter, the Wall Street Journal reports...An uptick in the housing market and rising consumer confidence resulted in another month of strong U.S. car and pickup sales that will be evident on Friday when auto makers post their February sales. Over 1.2M new vehicles were estimated to have been sold in the month, a 4.3% increase over a year earlier and a 15% increase over January, the Wall Street Journal reports...REUTERS: Apple (AAPL) faces new competition in India from BlackBerry (BBRY) and is now aggressively pushing the iPhone through installment payment plans that make it more affordable, a new distribution model and a heavy marketing blitz. The new-found interest there suggests a subtle strategy shift for Apple, which has moved tentatively in emerging markets, Reuters reports...Yum Brands (YUM) will step up its monitoring of suppliers and improve testing of poultry as it looks to reverse a steep drop in business at its KFC restaurants in China after a chicken safety scare, Reuters reports...BLOOMBERG: U.S. banks want to capitalize on a dearth of financing for Europeís commercial property market thatís driven lending margins to five times the level prior to the 2008 crisis. Citigroup (C), Morgan Stanley (MS), Bank of America (BAC) and Wells Fargo (WFC) are following insurers and distressed investors allocating capital to the region as local banks, which overextended during the last boom, are forced to contract amid new regulations, Bloomberg reports...As the bond market expects inflation to stay at about the past decadeís average, the biggest buyers of government debt say they need protection from rising consumer prices as central banks focus on growth. Pacific Investment Management Co. and Invesco (IVZ) say growing central-bank tolerance of inflation means securities with interest or principal tied to consumer prices are the ones to own, Bloomberg reports.
News For JCP;GM;F;FIATY;TM;VLKAY;AAPL;BBRY;YUM;C;MS;BAC;WFC;IVZ 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 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | all recent news | >>
July 14, 2015
11:33 EDTJCPStocks with call strike movement; CHK JCP
Chesapeake (CHK) January 14 call option implied volatility decreased 3% to 55, J.C. Penney (JCP) November 10 call option implied volatility increased 6% to 44 according to IVolatility.
10:54 EDTWFCWells Fargo says home purchases in Q2 'strongest' in some time
Subscribe for More Information
10:24 EDTWFCWells Fargo says ongoing U.S. economic expansion 'on track'
Subscribe for More Information
09:56 EDTCScotiabank to acquire Citi's Retail, Commercial Banking ops in Panama, Costa Rica
Scotiabank (BNS) announced that an agreement has been reached to acquire Citigroup's (C) retail and commercial banking businesses in Panama and Costa Rica, subject to regulatory approval. Scotiabank's common equity tier one capital ratio will be impacted by approximately 15 basis points. This transaction will aim to provide a significant lift to the Bank's market share in credit cards to approximately 18% in Panama and 15% in Costa Rica, ranking Scotiabank number two in both countries in this segment. This acquisition will nearly triple Scotiabank's customer base in these two countries from approximately 137,000 to 387,000. Citibank's operations in Costa Rica and Panama include 27 branches which serve more than 250,000 retail and commercial banking customers. The agreement also includes the assumption of Citigroup employees from the retail and commercial banking businesses in Panama and Costa Rica by Scotiabank Panama and Costa Rica, respectively. Until the transaction receives the necessary regulatory approvals, all operations, branches, products and benefits programs will continue to operate as usual. Scotiabank and Citibank will work together to ensure a smooth transition for customers and employees.
09:35 EDTBAC, AAPLActive equity options trading on open
Active equity options trading on open: AAPL FB BAC T AMZN BABA INTC JPM LVS AAL CHK MSFT
09:33 EDTBACSEC to hold an outreach program
Subscribe for More Information
09:20 EDTWFCOn The Fly: Pre-market Movers
HIGHER: Natural Health Trends Corp. (NHTC), up 16.2% following second quarter guidance... Transgenomic (TBIO), up 14% after launching genetic test for Leukodystrophy diagnosis... Biocept (BIOC), up 12.4% after launching diagnostic assay for BRAF mutations in melanoma patients... Micron (MU), up 13.1% after WSJ reports that Tsinghua made $23B acquisition offer... SanDisk (SNDK) and AMD (AMD) are up 3.8% and 3.1%, respectively, following reports of Tsinghua offer to Micron... GoPro (GPRO), up 3.2% after being upgraded to Overweight from Equal Weight at Barclays. DOWN AFTER EARNINGS: Wells Fargo (WFC), down 1%... JPMorgan (JPM), down fractionally. ALSO LOWER: Vince Holding (VNCE), down 16.3% after being downgraded to Market Perform from Outperform at William Blair... Tonix Pharmaceuticals (TNXP), down 8.3% after 2.3M share Spot Secondary priced at $7.50... Spirit Airlines (SAVE), down 7.4% after pricing pressure leads to reduced fiscal 2015 margin view... Orbitz Worldwide (OWW), down 2.8% after being downgraded to Sell from Neutral at UBS.
08:56 EDTAAPL, BACMorgan Stanley names 'Vintage Values 2016' list
Morgan Stanley named its "Vintage Values 2016" list, comprised of the firm's analysts' best ideas to hold over the next 12 months. Included on the list are Ameriprise (AMP), Apple (AAPL), Bank of America (BAC), Comcast (CMCSA), Crown Castle (CC), Estee Lauder (EL), Hilton (HLT), Ingersoll-Rand (IR), LinkedIn (LNKD), Magna (MGA), Marathon Oil (MRO), McKesson (MCK), Oaktree Capital (OAK), Thermo Fisher (TMO) and Visa (V).
08:19 EDTAAPLFBR Capital looks past 'speed bump' in Apple shares
Subscribe for More Information
08:05 EDTWFCWells Fargo expects to operate within targeted efficiency ratio for FY15
Wells Fargo said its noninterest expense declined $38 million from the prior quarter to $12.5 billion, primarily due to lower employee benefits, which were seasonally elevated in first quarter 2015. This decline was partially offset by higher operating losses, reflecting higher litigation accruals for various legal matters, as well as higher salaries, outside professional services, and advertising and promotion expense. The efficiency ratio improved to 58.5 percent in second quarter 2015, compared with 58.8 percent in the prior quarter. The company expects to operate within its targeted efficiency ratio range of 55 to 59 percent for full year 2015.
08:04 EDTWFCWells Fargo reports Q2 credit losses $650M vs. $708M last quarter
Wells Fargo said "Credit losses were $650 million in second quarter 2015, compared with $708 million in the first quarter, an 8 percent improvement. The quarterly loss rate was 0.30 percent with commercial losses of 0.06 percent and consumer losses of 0.53 percent. Nonperforming assets declined by $438 million, or 12 percent, from the prior quarter. Nonaccrual loans decreased $67 million as deterioration in the energy portfolio was offset by improvements across other portfolios. We released $350 million from the allowance for credit losses in the second quarter, reflecting continued credit quality improvement and more specifically, improvement in the residential real estate portfolio. Future allowance levels may increase or decrease based on a variety of factors, including loan growth, portfolio performance and general economic conditions."
08:02 EDTWFCWells Fargo reports Q2 Common Equity Tier 1 ratio 10.5%
Capital levels remained strong in the second quarter, with Common Equity Tier 1 under Basel III of $139.9 billion. The Common Equity Tier 1 ratio under Basel III was 10.5 percent3. In second quarter 2015, the Company purchased 36.3 million shares of its common stock and paid a quarterly common stock dividend of $0.375 per share, up from $0.35 per share a year ago.
08:02 EDTWFCWells Fargo CEO says bank 'well positioned' for the future
Subscribe for More Information
08:01 EDTWFCWells Fargo reports Q2 EPS $1.03, consensus $1.03
Reports Q2 revenue $21.32B, consensus $21.7B.
07:49 EDTVLKAYUber no longer in race to buy Nokia mapping division, NY Times reports
Uber submitted a bid to buy Nokia's "Here" mapping division for as much as $3B, but the ride-hailing service operator is out of the running to acquire the unit as Nokia (NOK) focuses its negotiations on a potential deal with a group of German automakers, including Daimler's (DDAIF) Mercedes-Benz, Volkswagen's (VLKAY) Audi (AUDVF) and BMW (BAMXY), reported The New York Times, citing three people with knowledge of the matter. Reference Link
07:32 EDTWFCFederal Reserve Bank of Kansas City to hold a symposium
Subscribe for More Information
06:37 EDTAAPLApple progresses in TV app talks with networks, NY Post reports
Subscribe for More Information
06:30 EDTAAPLApple Pay launches in U.K., has technical problems, Reuters reports
Subscribe for More Information
05:53 EDTAAPLSamsung expected to launch Galaxy Note 5 on August 14, DigiTimes reports
Subscribe for More Information
05:53 EDTAAPLReport: Apple research center in Japan part of govt IT strategy, DigiTimes says
Subscribe for More Information
1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use