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Stock Market & Financial Investment News

News Breaks
June 9, 2014
11:04 EDTFIVE, MW, PPH, CIEN, SAN, NAV, PAY, KKD, PVH, HSHOptions with decreasing implied volatility
Options with decreasing implied volatility: KKD CIEN FIVE PAY PPH HSH NAV MW PVH SAN
News For KKD;CIEN;FIVE;PAY;PPH;HSH;NAV;MW;PVH;SAN From The Last 14 Days
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March 2, 2015
10:02 EDTSANSantander names Scott Powell CEO of Santander Holdings USA
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06:32 EDTSANLarge EU banks may come under scrutiny for reciprocity, WSJ says
The banking practice of reciprocity -- giving work to competitor banks in order to foster relationships or reward past deals -- may come under investigation by the U.K. Financial Conduct Authority, reports the Wall Street Journal, citing a person familiar with the regulator. The FCA believes the practice may be anticompetitive, but it hasn't yet determined the scope of its investigation into EU banks. Publicly traded companies in the space include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
06:23 EDTSANBanco Santander's U.S. unit expected to name Powell as CEO, WSJ reports
Santander Holdings USA, the U.S. unit of Banco Santander (SAN), is expected to announce as today that Scott Powell will become its new CEO, sources tell The Wall Street Journal. Powell, a former head of JP Morgan Chase's (JPM) consumer-banking operations, would replace Roman Blanco. Reference Link
March 1, 2015
18:37 EDTMWMen's Wearhouse could see pressure due to Jos. A. Bank merger, Barron's says
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February 27, 2015
09:32 EDTMWMen's Wearhouse downgraded to Sell from Neutral at Tigress Financial
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08:11 EDTCIENCiena March weekly volatility elevated into Q1 and outlook
Ciena March weekly call option implied volatility is at 76, April is at 49, July is at 40; compared to its 26-week average of 43 according to Track Data, suggesting larger near term price movement into the expected release of Q1 results before the open on March 5.
February 25, 2015
10:01 EDTFIVEOn The Fly: Analyst Initiation Summary
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08:35 EDTFIVEFive Below initiated with a Positive at Susquehanna
Target $39.
February 24, 2015
13:07 EDTSANEU official: Euro banks shouldn't also go through Fed's stress test, WSJ says
Jonathan Hill, the European Unionís new financial markets chief, told The Wall Street Journal that he does not see a need for the U.S. to give stress tests to European banks that have already received health checks in Europe. Hill says banks across Europe are "properly and sensibly capitalized." The WSJ reported last week that the U.S. units of two European banks, Deutsche Bank (DB) and Banco Santander (SAN), are set to fail the Federal Reserve's stress tests, though they passed ECB stress tests last year. Reference Link
February 22, 2015
15:40 EDTSANU.S units of Deutsche Bank, Santander seen failing stress tests, WSJ says
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February 20, 2015
12:53 EDTNAVCitigroup sees truck carrier stocks poised to outperform
With the U.S. economy growing quickly, the stocks of truck carriers are likely to outperform the S&P 500, Citigroup believes. WHAT'S NEW: Truck transportation prices and truck carrier stocks "respond most directly to economic growth," Citigroup analyst Christian Wetherbee wrote in a note to investors today. After carriers' truckload rates rose 4% last year, the rates should rise by a similar amount this year, Wetherbee predicted. Economic growth, along with the difficulties the carriers are experiencing with recruiting drivers, should be supportive of additional rate increases, the analyst stated. Wetherbee warned that the stocks of truck builders usually underperform during periods such as the current one, when a large amounts of U.S. class 8 trucks are being built. Consequently, truck carrier stocks present investors with an opportunity, while investors should be cautious on truck builders and parts suppliers, he wrote. Among truck carriers, Swift (SWFT) is particularly attractive, since it has underperformed its peers over the last year, Wetherbee stated. Additionally, the company's results appear likely to at least meet consensus estimates, the analyst predicted. He also kept a Buy rating on another truck carrier, Knight Transportation (KNX) and maintained a Buy rating on Cummins (CMI), which builds truck engines. The analyst kept a Hold rating on truck builder PACCAR (PCAR). OTHERS TO WATCH: Navistar (NAV) builds trucks and Celadon (CGI) is another truck carrier. PRICE ACTION: In early afternoon trading, Swift rose 1%, Knight Transportation gained 1.3%, Cummins added 0.7%, and PACCAR lost 0.5%.
10:47 EDTSANNY AG says Santander Bank to adopt new policies regarding use of ChexSystems
New York Attorney General Eric T. Schneiderman announced that Santander Bank, N.A. (SAN) has agreed to adopt new policies governing its use of ChexSystems, a consumer-reporting agency that screens people seeking to open checking or savings accounts. Santanderís new policies are expected to allow thousands of additional New Yorkers and consumers nationwide to open bank accounts by September 30. The change comes amid concerns that screenings by ChexSystems and other consumer-reporting agencies, which are used by most of the nationís banks, adversely affect lower-income applicants and force them to turn to high-cost alternative financial services like check-cashing outlets. With this agreement, Santander now joins Capital One (COF) and Citibank (C) as the third bank to commit to overhaul its use of ChexSystems. The three banks operate a combined 613 branches across New York State and 2,822 branches nationwide.
10:45 EDTSANSantander Bank announces new account opening screening process
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07:09 EDTSANSantander to change screening process for bank account applicants, Reuters says
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February 19, 2015
14:21 EDTSANS&P reportedly says Greece contagion not a major risk, Reuters reports
The risk of contagion spreading from Greece to other European countries is not that large, a German newspaper quoted S&P's chief sovereign ratings officer as saying, according to Reuters. The euro zone would be able to handle an exit of the bloc by Greece, the ratings officer was quoted as saying, Reuters reported. Publicly traded European banks include Banco Santander (SAN), Barclays (BCS), Credit Suisse (CS), Deutsche Bank (DB), HSBC (HSBC), ING Groep (ING), Lloyds Banking (LYG), RBS (RBS) and UBS (UBS). Reference Link
06:04 EDTSANFCA to investigate investment and corporate banking
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February 18, 2015
10:42 EDTPVHApparel makers beyond Perry Ellis seen hurt by port slowdown
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09:01 EDTCIENCiena names Marcus Starke as Chief Marketing Officer
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February 17, 2015
18:43 EDTPVHApparel stocks lower after Perry Ellis warns of West Coast port disruption
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17:06 EDTNAVIcahn gives quarterly update on stakes, takes new stake in Manitowoc
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