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Stock Market & Financial Investment News

News Breaks
April 22, 2014
04:55 EDTMA, MA, MA, MA, FITB, FITB, FITB, FITB, BAC, BAC, BAC, BAC, FB, FB, FB, FB, USB, USB, USB, USB, ACXM, ACXM, ACXM, ACXM, COF, COF, COF, COF, BCS, BCS, BCS, BCS, DFS, DFS, DFS, DFS, C, C, C, C, AXP, AXP, AXP, AXP, GDOT, GDOT, GDOT, GDOT, WAG, WAG, WAG, WAG, V, V, V, V, BBT, BBT, BBT, BBTSourceMedia to hold a forum
26th Annual Card Forum & Expo is being held in Orlando on April 22-25.
News For MA;V;WAG;GDOT;AXP;C;DFS;BCS;COF;ACXM;USB;FB;BAC;FITB;BBT From The Last 14 Days
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September 4, 2014
08:03 EDTWAGWalgreen reports August SSS up 3.7%
Walgreens had August sales of $6.39B, an increase of 3.6% from $6.16B for the same month in fiscal 2013. Total front-end sales increased 2.1% in August compared with the same month in fiscal 2013, while comparable store front-end sales increased 1.4%. Customer traffic in comparable stores decreased 1.7% while basket size increased 3.1%.Prescriptions filled at comparable stores increased by 1.1% in August and increased 3.2% on a calendar day-shift adjusted basis. August 2014 had one additional Sunday and one fewer Thursday compared with August 2013. These calendar shifts negatively impacted prescriptions filled at comparable stores by 2.1 percentage points.
06:40 EDTUSB, BAC, CAgencies finalize liquidity rule for large banks
The Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency finalized a rule yesterday that they said would strengthen the liquidity positions of large financial institutions. The rule will for the first time create a standardized minimum liquidity requirement for large and internationally active banking organizations., according to the agencies. Each institution will be required to hold high quality, liquid assets, or HQLA, such as central bank reserves and government and corporate debt that can be converted easily and quickly into cash in an amount equal to or greater than its projected cash outflows minus its projected cash inflows during a 30-day stress period, the agencies explained. The ratio of the firm’s liquid assets to its projected net cash outflow is its “liquidity coverage ratio,” or LCR, they said. The LCR will apply to all banking organizations with $250B or more in total consolidated assets or $10B or more in on-balance sheet foreign exposure and to these banking organizations’ subsidiary depository institutions that have assets of $10B or more, the agencies reported. The rule also will apply a less stringent, modified LCR to bank holding companies and savings and loan holding companies that do not meet these thresholds, but have $50B or more in total assets. Bank holding companies and savings and loan holding companies with substantial insurance or commercial operations are not covered by the final rule. The final rule is largely identical to the proposed rule, with a few key adjustments in response to comments from the public, the agencies stated. Those adjustments include changes to the range of corporate debt and equity securities included in HQLA, a phasing-in of daily calculation requirements, a revised approach to address maturity mismatch during a 30-day period, and changes in the stress period, calculation frequency, and implementation timeline for the bank holding companies and savings and loan companies subject to the modified LCR. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
06:13 EDTCCitigroup settles potential civil liability for violating sanction programs
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06:03 EDTWAGStocks with implied volatility movement; WAG RAD
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September 3, 2014
13:52 EDTFBSamsung collaborates with Oculus to introduce the Gear VR
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10:46 EDTBCSHigh option volume stocks
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10:00 EDTGDOT, BACOn The Fly: Analyst Downgrade Summary
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09:36 EDTFB, CActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL TSLA TWTR PBR C GILD NFLX FB BIDU
09:17 EDTGDOTGreen Dot downgraded to Underperform from Market Perform at Raymond James
Raymond James downgraded Green Dot (GDOT) to Underperform given ongoing Walmart (WMT) renegotiations, industry pricing pressure, and potential additional regulatory scrutiny.
09:06 EDTC, BBTBB&T to acquire additional Texas branches from Citibank
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09:02 EDTBACFirst South Bancorp purchases banking operations in North Carolina
First South Bancorp (FSBK) announced the signing of an agreement under which the Bank has agreed to purchase the branch banking operations of nine locations in North Carolina from Bank of America (BAC). The branch offices are located in Elizabethtown, Goldsboro, Kenansville, Kinston, Kitty Hawk, Morehead City, Mount Olive, Wallace and Wilson, North Carolina. The purchase is expected to add approximately $261.4M of deposits. The Bank has also agreed to purchase the fixed assets and a small amount of loans related to the purchased branches. The Bank expects the transaction to close in the fourth quarter of 2014, subject to approval by regulators and satisfaction of customary closing conditions. After the purchase of the branches, the Bank's franchise will increase from 26 to 35 banking offices. The transaction is expected to increase assets from $711M at June 30, 2014 to approximately $972M and deposits from $593M to approximately $854M at close.
07:29 EDTUSB, BAC, CFinal liquidity, swaps margin rules to be unveiled today, Reuters says
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07:19 EDTBACBank of America downgraded to Neutral from Buy at Nomura
Price target lowered to $17 from $18.
06:35 EDTBACJPMorgan in talks to sell oil-supply agreement to Bank of America, WSJ says
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06:34 EDTC, USB, BACFBI hasn't found evidence JPMorgan hack hit other big banks, WSJ reports
The FBI hasn't found any evidence to suggest that the recent breach at JPMorgan hit any of the other big U.S. banks, the Wall Street Journal reports, citing four people close to the probe. JPMorgan said it isn't experiencing "unusual amounts of fraud," and, according to two sources, consumers "likely don't face a serious risk." Reference Link
September 2, 2014
09:41 EDTFBActive equity options trading on open
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07:14 EDTCCiti to boost senior pay in Europe to adjust for bonus cap rules, FT says
Citigroup recently told various senior staff members in Europe that they will receive fixed monthly payments in addition to their salaries as a way of compensating for newer rules there that limit bonuses, said Financial Times, citing several people close to the situation. Reference Link
06:34 EDTFBEU sends questionnaire to rivals over Facebook-Whatsapp deal, WSJ says
European Union officials have sent a second wave of questions to competitors and customers of Facebook and Whatsapp, reports the Wall Street Journal. According to a questionnaire, EU officials are trying to understand what separates a social network from the messaging application and get to the heart of the competitive landscape. Reference Link
September 1, 2014
10:52 EDTFBEU regulators begin probe of Facebook deal with WhatsApp, WSJ says
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08:46 EDTBCSBarclays sells Spanish businesses to Caixabank for EUR 800M
Barclays (BCS) confirmed the sale of its Retail Banking, Wealth and Investment Management and Corporate Banking businesses in Span to Caixabank (CAIXY) for EUR 800M. On completion, 2,400 Barclays employees will be transfer to Caixabank.
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