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Stock Market & Financial Investment News

News Breaks
April 11, 2014
16:21 EDTZIGO, WFC, HLF, HRB, JPM, AME, BOFI, NQOn The Fly: Closing Wrap
Stocks on Wall Street were lower in a session that saw the averages struggle for direction early before sellers gained control and pushed stocks lower through the second half of the session. With today's losses, the averages each finished the week with losses greater than 2%, with the tech-heavy Nasdaq losing 3% to close below 4,000 for the first time since early February. ECONOMIC EVENTS: In the U.S., the Producer Price Index jumped 0.5% in March, versus expectations for it to be up 0.1%. The University of Michigan consumer sentiment reading jumped to 82.6 in the preliminary April look, which was better than forecast and its highest reading since July. COMPANY NEWS: JPMorgan (JPM) and Wells Fargo (WFC) kicked off earnings season for the major banks, with their quarterly results, and stocks, moving in opposite directions following the news. Dow member JPMorgan fell $2.10, or 3.66%, to $55.30 after its earnings per share and revenue significantly trailed consensus estimates. Shares of Wells gained 37c, or 0.78%, to $48.08 after the bank's profits beat the consensus forecast. MAJOR MOVERS: Among the notable gainers was BofI Holding (BOFI), up $6.02, or 8.09%, to $80.46 near midday after the company last night announced a deal to acquire H&R Block's (HRB) bank assets. H&R Block shares fell 78c, or 2.74%, to $27.64. Also higher was Zygo (ZIGO), up $4.75, or 32.36%, to $19.43 after the company agreed to be acquired by Ametek (AME) for $19.25 per share in cash in a deal that represents an aggregate enterprise value of $280M for Zygo. Among the noteworthy losers was Herbalife (HLF), down $8.36, or 13.97%, to $51.48 after a report late in the session from the Financial Times said the company is facing a criminal investigation from the U.S. Department of Justice and FBI regarding its business practices. Also lower was NQ Mobile (NQ), a recent target of noted short-seller Carson Block, down $3.29, or 20.58%, to $12.70 after its profit missed expectations and the company disclosed that it found accounting errors in its recent reports. INDEXES: The Dow was down 143.47, or 0.89%, to 16,026.75; the S&P 500 was down 17.39, or 0.95%, to 1,815.69; the Nasdaq was down 54.37, or 1.34%, to 3,999.73.
News For JPM;WFC;BOFI;HRB;ZIGO;AME;HLF;NQ From The Last 14 Days
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February 24, 2015
06:11 EDTBOFIBofI Holding announces $50M at-the-market common stock offering
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06:09 EDTBOFIBofI Holding files $50M at-the-market equity offering
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05:44 EDTHLFStocks with implied volatility above IV index mean; ANF HLF
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February 23, 2015
11:08 EDTJPMJPMorgan weekly volatility elevated into investor day
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09:59 EDTBOFIOn The Fly: Analyst Initiation Summary
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08:57 EDTJPMJPMorgan to host investor day
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06:10 EDTBOFIBofI Holding initiated with a Buy at DA Davidson
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06:09 EDTHLFStocks with implied volatility above IV index mean; ANF HLF
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February 20, 2015
14:04 EDTHLFHerbalife February volatility elevated into Q4 and outlook
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10:01 EDTBOFIOn The Fly: Analyst Downgrade Summary
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08:52 EDTBOFIBofI Holding downgraded to Neutral from Buy at Sterne Agee
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06:04 EDTBOFIBofI Holding files $300M mixed securities shelf, $50M in common stock
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06:03 EDTJPMAnn Inc. working with JPMorgan on potential sale, Bloomberg reports
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05:13 EDTHLFStocks with implied volatility above IV index mean; HLF ARCP
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February 19, 2015
17:58 EDTJPMAnn Inc. working with JPMorgan on potential sale, Bloomberg says
06:47 EDTWFC, JPMReport shows subprime consumer loans at pre-2007 levels, WSJ says
Equifax (EFX) has released a report stating nearly 40%, or 50M, of auto loans, credit cards, and personal loans during the first 11 months of 2014 were made to subprime customers, the highest levels since the 2007 financial crisis, reports the Wall Street Journal. LendingTree (TREE) Chief Marketing Officer Gabriel Dalporto attributes the growth to nonbank lenders under less regulatory scrutiny than large banks. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
05:31 EDTHLFStocks with implied volatility above IV index mean; HLF ANF
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February 18, 2015
07:21 EDTJPM, WFCJPMorgan, Citi top government report of riskiest banks, Reuters reports
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07:15 EDTJPMPeterson Institute for International Economics to hold a discussion
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06:57 EDTJPMJPMorgan may shrink interest-rate trading, other units, Bloomberg says
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