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Stock Market & Financial Investment News

News Breaks
February 28, 2013
12:06 EDTWFC, C, JPM, MS, GS, USB, BACFed's Lockhart sees low-rate environment continuing, Dow Jones says
Federal Reserve Bank of Atlanta President Dennis Lockhart said, "It's fair to continue to predict that we're going to have a low interest rate environment for some time." Lockhart referred to previous guidance from the Federal Open Market Committee, targeting a jobless rate approaching 6.5%, before any rate change implementation. Lockhart sees rates at current levels until mid-2015, says Dow Jones, citing Dennis Lockhart comments before a banking conference.
News For JPM;BAC;GS;C;USB;MS;WFC From The Last 14 Days
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May 22, 2013
10:31 EDTJPMJPMorgan spikes higher along with peers, levels to watch
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09:02 EDTBAC, GS, WFC, MS, C, JPM, USBFinancials upgraded to Overweight from Market Weight at Wells Fargo
Wells Fargo believes that financials' earnings continue to be the strongest of any sector in the S&P 500. The firm thinks that the sector's stocks appear to be breaking out from a technical standpoint. Citigroup (c) and Ameriprise Financial (AMP) are on the firm's priority list.
07:45 EDTCCitigroup price target raised to $60 from $53 at Credit Suisse
Credit Suisse said Citigroup's International markets have had faster growth and provide a source of additional revenue opportunity. The firm expects 2013 ROE of 13.2% vs. 11.9% in 2012 and sees positive operating leverage driving improved profitability. Shares are Outperform rated.
07:22 EDTBACDun & Bradstreet to hold a conference
2013 Access to Capital is being held in Chicago on May 22.
06:12 EDTCRussia becomes a tougher market for foreign banks, Reuters reports
Foreign banks that once treated Russia as new territory where easy money could be made are now finding it a cut-throat market tougher than some bargained for, reports Reuters. While players such as Citi and Austria's Raiffeisen thrive, many have found post-Soviet Russia too hard to penetrate: rife with credit, legal and corruption risks, and dominated by state giants Sberbank and VTB.Reference Link
May 21, 2013
18:56 EDTGSOn The Fly: After Hours Movers
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17:03 EDTGSMerck announces $5B share repurchase
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16:26 EDTJPMOn The Fly: Closing Wrap
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12:36 EDTJPMOn The Fly: Midday Wrap
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11:47 EDTJPMJPMorgan holders vote to keep Dimon as Chairman, CEO
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11:09 EDTJPMJPMorgan's Raymond says 'stay tuned' on composition of risk committee
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11:03 EDTJPMJPMorgan's Dimon says more regulatory consent orders expected
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09:42 EDTCActive equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL HD MCP ABX TSLA C
09:33 EDTGSBloomberg LINK to host a summit
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09:03 EDTJPMJPMorgan CEO looks set to hold onto chairman role, NY Times reports
Preliminary votes indicate JPMorgan CEO Jamie Dimon will hold onto his title of chairman, New York Times reports, citing people who have seen today's shareholder vote results. Reference Link
07:32 EDTJPMJPMorgan's Mowat likes India among emerging market stocks, Economic Times says
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07:26 EDTWFCBarclays to host a conference
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07:13 EDTJPM, USB, MS, C, BAC, WFC, GSU.S. bank mergers less likely this year, Bloomberg reports
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07:12 EDTMS, GSCredit Suisse now second largest Asia prime broker, Reuters reports
The Asian prime brokerage unit of Credit Suisse (CS) replaced Morgan Stanley (MS) as the second largest firm servicing the region's $148B hedge funds industry, according to a survey by AsiaHedge. Goldman Sachs (GS) remains Asia's top prime broker with 179 clients and total assets under management of $24.6B, reports Reuters.Reference Link
07:11 EDTJPMJPMorgan board changes expected, WSJ reports
JPMorgan Chase plans to shake-up of its board even if every director wins re-election at today’s shareholder meeting and James Dimon keeps his dual job as chairman and CEO, reports the Wall Street Journal.Reference Link
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