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Stock Market & Financial Investment News

News Breaks
January 17, 2014
16:49 EDTJNPR, WFC, JPM, MS, BAC, GM, C, GSAverages finish the week mixed
Stocks on Wall Street finished the week mixed after lackluster U.S. economic data was paired with mixed results in the first full week of corporate earnings season. MACRO NEWS: U.S. retail sales rose 0.2% in December versus the same period a year earlier, slightly above consensus estimates for sales to come in flat, but lower than the increase of 0.4% in the prior month... The preliminary January reading of the University of Michigan consumer sentiment index came in a little light at 80.4, shy of expectations for an 83.5 reading... Comments by Fed President Dennis Lockhart may have also put a damper on the market, as Lockhart in a speech on Monday said he supported additional tapering by the central bank... European industrial production data was more positive, with production surging 1.8% in November, the largest increase in nearly four years. COMPANY NEWS: IT infrastructure company Juniper Networks (JNPR) rallied on Monday after activist investor Elliott Management disclosed a presentation that outlined initiatives to unlock shareholder value... A number of major U.S. banks reported quarterly results this week, with JPMorgan (JPM), Goldman Sachs (GS), Wells Fargo (WFC), and Bank of America (BAC) all reporting adjusted bottom-line results that topped estimates, while Citigroup (C) and Morgan Stanley (MS) reported weaker than expected results... General Motors (GM) made headlines with several pieces of news, as the company declared its first dividend since emerging from bankruptcy, appointed a new CFO, and said it expects its earnings before interest and tax to be "modestly improved" in 2014. The carmaker also said it expects restructuring costs this year of $1.1B, and shares of the company fell more than 3% for the week. INDEXES: The Dow gained about 0.1% to close at 16,458.56; the S&P 500 fell about 0.2% to close at 1,838.70; the Nasdaq gained about 0.5% to close at 4,197.58.
News For JPM;GS;BAC;WFC;C;MS;JNPR;GM From The Last 14 Days
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May 12, 2015
07:48 EDTWFC, GS, C, MSStandard & Poor's to hold a summit
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07:34 EDTGSGoldman must pay $80M plus interest to National Australia Bank, Reuters reports
Goldman Sachs was recently ordered by an arbitration panel under the Financial Industry Regulatory Authority to pay $80M, plus interest, to the National Australia Bank over the sale of mortgage-linked securities, said Reuters, citing a court filing. Reference Link
07:24 EDTJNPRJuniper upgraded to Buy on new product cycles at BofA/Merrill
As previously reported, BofA/Merrill upgraded Juniper to Buy from Neutral. The firm expects Juniper's new products and sequential growth in North American carrier spending to drive growth in core business lines. BofA/Merrill said Juniper's new products address recent weaknesses in security, switching, and routing and expects growth and operating margins to begin to stabilize. Price target raised to $34 from $27.
06:19 EDTJNPRJuniper upgraded to Buy from Neutral at BofA/Merrill
May 11, 2015
17:02 EDTMSMorgan Stanley to sell Global Oil Merchanting unit to Castleton Commodities
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16:00 EDTBACOptions Update; May 11, 2015
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12:51 EDTMSOn The Fly: Top stock stories at midday
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10:44 EDTGMGM ignition fund approves claims for 100 deaths, Detroit News says
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09:59 EDTJPMOn The Fly: Analyst Downgrade Summary
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09:58 EDTBAC, JPM, CBarclays expected to pay GBP2B to settle forex rigging charges, FT says
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09:37 EDTBACActive equity options trading on open
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09:28 EDTCCiti says DOJ talks could include guilty plea on antitrust charge
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09:14 EDTCCiti says DOJ declined prosecution with respect to LIBOR
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08:18 EDTGS, BAC, WFC, JPM, C, MSBanks executives seek to push back on 'false, damaging' statements, WSJ reports
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07:46 EDTJPMJPMorgan price traget raised to $73 from $68 at BofA/Merrill
BofA/Merrill raised Buy rated JPMorgan's price target to $73 following a meeting with Chairman Jamie Dimon. The analyst believes earnings surprises are likely and the market is over-discounting the impact of regulation. BofA/Merrill expects JPMorgan to benefit from its multi-dimensional model, EPS sensitivity to rising interest rates, and a shift in Fed monetary policy which will drive bond market volatility.
07:28 EDTJPMJPMorgan downgraded to Neutral from Buy at MKM Partners
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07:07 EDTMSMorgan Stanley announces sale of Creative Circle to On Assignment
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06:11 EDTGSStudy: Jet.com has lower prices than Amazon '94% of the time,' WSJ reports
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May 10, 2015
20:03 EDTJPM, CCiti, JPMorgan, UBS consider exiting U.K., Financial Times says
Citi (C), JPMorgan (JPM), and UBS (UBS) are considering exiting their London operations due to the U.K.'s bank levy, reports the Financial Times, citing people familiar with the matter. There is particular focus among the banks to reduce repurchase agreements, said three senior industry figures. The Financial Times notes that the recent Conservative win could see political maneuvers to reduce or renegotiate the levy, potentially persuading the banks to stay. Reference Link
18:10 EDTGSGoldman Sachs to reach $129.5M forex settlement, WSJ says
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