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Stock Market & Financial Investment News

News Breaks
November 8, 2012
17:02 EDTJPM, MCD, ITMN, MWW, PANL, PRSSOn The Fly: Closing Wrap
Stocks on Wall Street were sharply lower for the second consecutive day, as concern over the fiscal cliff and uncertainty in Europe continues to loom over investors. Stocks opened the day slightly higher, but quickly moved into negative territory where they stayed for the rest of the trading session. Among the notable companies reporting earnings after the bell today are Walt Disney (DIS) and Nordstrom (JWN)... ECONOMIC EVENTS: Domestically, weekly jobless claims fell by 8,000 to 355,000, which was lower than expected, though the data was impacted by Hurricane Sandy. The U.S. trade deficit narrowed in September to $41.5B, as exports climbed 3.1 % and imports rose 1.5% as well. In Europe, the European Central Bank held its main interest rate at 0.75% and reiterated its willingness to make bond purchases to aid Spain, though the nation continues to resist asking for a bailout. The Greek Parliament passed austerity measures, but reports indicated that euro zone finance ministers may delay its next tranche of aid until they get a full report on the country’s compliance with the terms of its bailout... COMPANY NEWS: JPMorgan (JPM) announced that it has been given Federal Reserve approval to buyback up to $3B in stock in the first quarter of 2013, and the bank also disclosed that it had reached an 'agreement in principle' to settle certain probes from the Securities and Exchange Commission. Shares of JPMorgan fell slightly, declining 8c, or 0.2%, to $40.40... Fellow Dow member McDonald’s (MCD) said comparable store sales suffered their first monthly decline in nine years, falling 1.8% in October. Its shares were among the index's worst performers, falling $1.73, or 1.99%, to $85.13... MAJOR MOVERS: Among the notable gainers was InterMune (ITMN), up $1.36, or 16.67%, to $9.52 after the company's Q3 earnings beat consensus estimates and the stock was upgraded to Buy at Canaccord. Also higher was Monster Worldwide (MWW), up 58c, or 10.16%, to $6.29 following a stronger than expected earnings report and announcement of restructuring plans. Among the noteworthy losers was Universal Display (PANL), down $5.08, or 18.03%, to $23.10 after the company lowered its FY12 revenue view, and the stock received downgrades at Wedbush and Avondale, though defenses of the stock came out of JMP Securities and Cowen. Also lower were shares of CafePress (PRSS), down $1.33, or 21.28%, to $4.92 after the company reported disappointing earnings and guidance. INDICES: The Dow was down 121.41, or 0.94%, to 12,811.32; the Nasdaq was down 41.71, or 1.42%, to 2,895.58; and the S&P 500 was down 17.02, or 1.22%, to 1,377.51.
News For JPM;MCD;ITMN;MWW;PANL;PRSS From The Last 14 Days
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July 15, 2014
09:38 EDTJPMActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL FB JPM TSLA
09:37 EDTJPMJPMorgan upgraded to Outperform from Sector Perform at Portales
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09:25 EDTJPMJPMorgan continues to see share buyback as back-end loaded
JPMorgan CFO says company does not give specific guidance on share repurchases, but that the bank has capacity to do share buybacks in the second half of the year.
09:21 EDTJPMOn The Fly: Pre-market Movers
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08:44 EDTJPMJPMorgan CFO says mortgage production environment remains challenging
JPMorgan CFO Marianne Lake speaking on earnings conference call.
08:41 EDTJPMJPMorgan reports firm NIM down 1 bp, core NIM down 2 bps
JPMorgan reports Q2 firm and core NIM down 1 bp and 2 bps sequentially, to 2.19% and 2.64%, respectively, primarily due to lower loan yields, partially offset by lower long-term debt yields.
08:34 EDTJPMJPMorgan CEO Dimon says feels great, prognosis excellent for condition
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08:30 EDTJPMJPMorgan sees current fixed income and equities environment to persist in Q3
In Fixed Income & Equities, JPMorgan expects the current environment to persist into Q3 with normal seasonal trends. In Securities Services, sees revenue to decrease by approximately $100M in Q3 from $1.14B in Q2, due to seasonality. In Treasury Services, expects revenue to be flat vs. Q2 at approximately $1B in Q3, primarily due to the impact of business simplification and lower trade finance balances and spreads. JPMorgan sees FY14 pretax margin and ROE to be lower than Q2, as the business continues to invest in both infrastructure and controls as well as select front office hiring, but is on track to deliver TTC targets for FY15. Guidance in slides for Q2 earnings conference call.
08:26 EDTJPMJPMorgan expects FY14 adjusted expense $58B+/-
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07:23 EDTJPMFortune to hold a conference
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07:08 EDTJPMJPMorgan CEO says saw encouraging signs toward end of Q2
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07:06 EDTJPMJPMorgan reports Q2 Basel III Common Equity Tier 1 ratio 9.8%
Reports Common Equity Tier 1 of $161B, or ratio of 9.8%. Reports Firm Supplementary Leverage Ratio of 5.4%. Reports "core loans" up 8% compared with the prior year. Consumer & Community Banking: average Consumer & Business Banking deposits up 9%; credit card sales volume up 12%; record client investment assets up 19%; record Business Banking loan originations up 46% Corporate & Investment Bank: maintained #1 ranking for Global Investment Banking fees with 8.2% wallet share YTD; assets under custody up 14%. Commercial Banking: period-end loan balances up 9%, driven by 14% growth in Commercial Real Estate; gross investment banking revenue with Commercial Banking clients up 25%. Asset Management: twenty-first consecutive quarter of positive net long-term client flows; record client assets up 15%; record loan balances up 17%.
07:05 EDTJPMJPMorgan reports headcount down 8,871 to 245,192
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07:04 EDTJPMJPMorgan reports Q2 provision for credit losses $692M
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07:02 EDTJPMJPMorgan says Q2 results include $500M after-tax, or 13c, legal expense
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07:01 EDTJPMJPMorgan reports Q2 adjusted EPS $1.46, consensus $1.29
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06:19 EDTJPMJPMorgan reports June net charge losses 2.84% vs. 3.05% last month
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July 14, 2014
15:24 EDTJPMNotable companies reporting before tomorrow's open
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14:40 EDTJPMJPMorgan July 56.5 straddle priced for 2.2% move into Q2
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08:01 EDTJPMJP Morgan July volatility increases into Q2 and outlook
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