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Stock Market & Financial Investment News

News Breaks
March 13, 2012
16:24 EDTSB, COOL, APO, WOLF, VIP, FDS, MDS, CLNE, JPM, CCIX, GEOYOn The Fly: Closing Wrap
Stocks on Wall Street were higher, with the Dow closing well over the 13K level and the Nasdaq taking and holding the 3K mark. Stock futures were higher in pre-market trading leading to a higher open for the broader market. The averages waffled for the first 30 minutes of trading but broke out of their range following a slightly better than expected wholesale inventories report. The market spurted to fresh recovery highs and along the way the Dow eclipsed 13,000 and the Nasdaq moved past 3,000. The Fedís FOMC met and kept interest rates unchanged and said monetary policy would remain accommodative through at least late 2014. The major indices did not move much after the FOMC comments, which were largely in-line with expectations, but a dividend increase and expanded stock buyback announcement from JP Morgan (JPM) provided another shot in the arm, powering the market to close at session highs... ECONOMIC EVENTS: Domestically, February retail sales increased 1.1% overall, in line with expectations. The core reading, which excludes autos and gas, rose 0.6%, versus the expected increase of 0.5%. Business inventories rose 0.7% in January, versus the expected increase of 0.5%. The Fed kept its benchmark rate target unchanged, as expected... MARKET NEWS: JP Morgan approved a new $15B stock buyback program and increased its dividend to 30c from 25c. After JP Morgan's "pre-announcment" of sorts, the Fed said it would report on the results of its bank stress tests at 4:30 pm ET today... Among companies reporting earnings, advancers included FactSet (FDS) and GeoEye (GEOY), while Clean Energy Fuels (CLNE), VimpelCom (VIP), and Coleman Cable (CCIX) were among the decliners... MAJOR MOVERS: Among the notable gainers were Midas (MDS), up $2.45, or 27.25%, to $11.44, on news it will be acquired by TBC Corporation for $11.50 per share, and Great Wolf (WOLF), up $1.13, or 26.97%, to $5.32, which closed above the $5 per share "take private" offer it received from Apollo Global Management (APO). Noteworthy losers included Majesco (COOL), down 41c, or 13.80%, to $2.56, following its disappointing earnings and guidance, and Safe Bulkers (SB), down 65c, or 9.09%, to $6.50, after pricing its 5M share secondary offering at $6.50... INDICES: The Dow added 217.97, or 1.68%, to 13,177.68; the Nasdaq rose 56.22, or 1.88%, to 3,039.88; and the S&P 500 gained 24.87, or 1.81%, to 1,395.96.
News For JPM;FDS;GEOY;CLNE;VIP;CCIX;MDS;WOLF;APO;COOL;SB From The Last 14 Days
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August 28, 2015
10:26 EDTCLNEOptions with decreasing implied volatility
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August 27, 2015
13:42 EDTJPMAnalyst says Abbott-St. Jude deal looks unlikely
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06:46 EDTJPMFed ups scrutiny of U.S. bank payment systems, WSJ reports
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06:34 EDTJPMBanks, investors may suffer from margin calls, WSJ reports
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August 26, 2015
15:59 EDTJPMOptions Update; August 26, 2015
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07:39 EDTAPOPiper Jaffray lowers estimates for asset managers below consensus
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August 25, 2015
16:06 EDTJPMOptions Update; August 25, 2015
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14:20 EDTJPMFormer JPMorgan analyst charged in $600,000 insider trading scheme
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12:20 EDTJPMOn The Fly: Top stock stories at midday
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11:12 EDTJPMNumerous analysts upgrade Bank of America amid market rebound
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10:03 EDTJPMChase, Enterprise Car Sales announce multi-year private-label agreement
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09:59 EDTJPMOn The Fly: Analyst Upgrade Summary
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09:35 EDTJPMActive equity options trading on open
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09:13 EDTJPMOn The Fly: Pre-market Movers
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07:28 EDTJPM, JPMJPMorgan upgraded to Buy from Outperform at CLSA
CLSA analyst Mike Mayo upgraded JPMorgan to Buy from Outperform with a $78 price target. Mayo said JPMorgan offers the most stable earnings of U.S. global banks for the past decade, a resilient balance sheet, and a dividend yield above the 10 year bond that implies outperformance 85% of the time historically.
August 24, 2015
18:02 EDTJPMS&P 500 enters correction territory amid global growth concerns
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07:34 EDTJPMJP Morgan volatility at high end of range
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August 21, 2015
08:40 EDTJPMCanadian Security Traders Association to hold a conference
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August 20, 2015
09:03 EDTJPMJPMorgan appoints General Ray Odierno as senior advisor
JPMorgan Chase & Co. announced the appointment of retired four-star General Raymond T. Odierno, former Chief of Staff of the U.S. Army, to a senior advisory capacity at the firm, effective September 1.
August 19, 2015
14:42 EDTJPMBanks cooperate on data company to lower costs, WSJ says
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