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Stock Market & Financial Investment News

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October 15, 2012
05:55 EDTBBT, BBT, BBT, BBT, PNC, PNC, PNC, PNC, HBC, HBC, HBC, HBC, NTRS, NTRS, NTRS, NTRS, MCO, MCO, MCO, MCO, BAC, BAC, BAC, BAC, GOOG, GOOG, GOOG, GOOG, KEY, KEY, KEY, KEYMoody's to host a conference
7th Annual Risk Practitioner Conference 2012 is being held in Chicago on October 15-18.
News For MCO;BAC;GOOG;KEY;BBT;PNC;HBC;NTRS From The Last 14 Days
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December 10, 2014
12:24 EDTBACOn The Fly: Midday Wrap
Stocks on Wall Street opened in negative territory and have remained there throughout the morning. The averages have moved in a narrow range as the price of crude continues to fall. Near noon, WTI crude was down another 5% to roughly $60 per barrel. The weakness is effecting equities, as investors are concerned the oil price weakness is indicative of the slowing global economy. ECONOMIC EVENTS: In the U.S., House and Senate lawmakers reportedly reached a deal on a nearly $1.1T bill to fund most of the government through September and avert a shutdown. The EIA estimated crude oil supplies grew 1.5 Mmbbls last week, while consensus expected a 2.7 Mmbbls decrease. The Treasury budget statement for November is expected at 2:00 pm ET, with the consensus expectation for a deficit of $63B. COMPANY NEWS: Shares of JPMorgan (JPM) declined 2% after guidelines proposed yesterday by the Federal Reserve would likely result in the firm managing to a higher capital buffer. Additionally, JPMorgan CFO Marianne Lake, speaking earlier at a Goldman Sachs conference, said the bank sees its Q4 reported markets revenues down by a "high teens" percentage and that its "core" markets performance in Q4, excluding the sale of physical commodities and allocation of preferred dividend expense, is indicated down 4% to-date compared to last year's quarter. Lake became the latest bank executive to discuss a Q4 trading slump, after Bank of America (BAC) CEO Brian Moynihan, speaking yesterday at the same financial conference, said the bank expects its Q4 trading revenue to be down on both a linked-quarter and year-over-year basis. Also yesterday, Citigroup (C) CEO Michael Corbat estimated that the bank's Q4 markets revenue would be down year-over-year by about 5%. MAJOR MOVERS: Among the notable gainers was Analogic (ALOG), which rose 12% after the company reported better than expected quarterly earnings. Also higher was Novadaq (NVDQ), which gained 11.5% after the company signed a multi-year distributor agreement with LifeNet Health that analysts at Canaccord said could potentially be a big deal and materially help its near and long-term prospects. Among the noteworthy losers was Yum! Brands (YUM), which dropped nearly 5% after the owner of the KFC, Pizza Hut and Taco Bell brands issued a negative preannouncement on its China business and provided lower than expected 2015 EPS guidance. Also lower were shares of Krispy Kreme (KKD), which sunk 8% after the donut maker reported weaker than expected earnings and revenue. INDEXES: Near midday, the Dow was down 164.41, or 0.92%, to 17,636.79, the Nasdaq was down 32.79, or 0.69%, to 4,733.68, and the S&P 500 was down 17.43, or 0.85%, to 2,042.39.
11:03 EDTBACJPMorgan drops 2% after CFO talks down Q4 numbers
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10:44 EDTBBTBB&T CEO says managing expenses in this environment 'really hard'
BB&T (BBT) says sees consumer, business confidence improving in 2015. Expects that 2015 will not be a "break out" year. Says still challenges to increase revenue in U.S. market. Says long-term goals include: Less-volatile results, growing dividends, capital return, growing share price. Sees "solid" revenue year in 2015, will remain "intensely focused" on expenses. Says managing expenses in this environment "really hard." Says "well prepared" to successfully execute on Susquehanna (SUSQ) acquisition. Says feels "substantially" better about global economy than last year, though notes that it has eroded "some" since last year in certain regions. Says regulators feeling "more comfortable with where banks are." Says dividends "really important" to company. Says capital request to be substantially higher in 2015, likely in the 60% range. Says not chasing growth for growth's sake. BB&T CEO Kelly King is presenting at the Goldman Sachs U.S. Financial Services Conference.
09:20 EDTPNCPNC Financial says special dividends not an option this year
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08:28 EDTMCOMoody's to hold a teleconference
Teleconference entitled, "North American Leveraged Finance 2015 Outlook" is being held on December 10 at 1:30 pm. Webcast Link
December 9, 2014
16:00 EDTBACOptions Update; December 9, 2014
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14:57 EDTBACFed to propose rulemaking on risk-based capital surcharges for GSIB banks
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14:42 EDTBACFed sees setting capital surcharge up to 4.5% for big U.S. banks, Bloomberg says
Bloomberg cites surcharge estimates in Federal Reserve staff memo. 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).
12:30 EDTMCOWells Fargo to hold a symposium
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10:23 EDTKEYOn The Fly: Analyst Initiation Summary
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09:38 EDTBACActive equity options trading
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09:15 EDTBACBank of America sees Q4 sales and trading revenue down linked-quarter, y/y
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08:34 EDTMCOMcGraw Hill Financial CMBS suspension company specific, says UBS
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06:43 EDTKEYKeyCorp initiated with a Buy at Guggenheim
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06:14 EDTGOOGGoogle launches Street View in Dubai
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06:00 EDTGOOGSalesforce.com names YouTube CEO Susan Wojcicki to board
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December 8, 2014
16:04 EDTPNCPNC Financial announces executive appointments
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16:00 EDTBACOptions Update; December 8, 2014
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06:35 EDTBACValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
December 7, 2014
13:47 EDTGOOGGoogle could reach $634 in a year, Barron's says
Google shares look attractive at current levels and shares could reach $634.00 in a year, driven by stabilizing ad pricing, Barron's contends in a feature article. Reference Link
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