New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
February 8, 2013
14:28 EDTMCOMoody's downtrend resumes, breaks weekly low, bounces, levels to watch
The shares had made an attempt to recover off the heavy selling of the week. At one point in the session, the shares took out the weekly low at $42.71 and are now working to move above that level. On a fail, support would be at the session low at $40.70. Resistance above the weekly low is at $43.90.
News For MCO From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
December 24, 2014
10:59 EDTMCOSEC says larger ratings firms had certain weaknesses related to cybersecurity
Subscribe for More Information
December 23, 2014
07:26 EDTMCOBank use of rating agencies to measure risk to be restricted, FT reports
The Basel Committee on Banking Supervision is seeking to sharply reduce the scope to which banks will be allowed to rely on external ratings from credit agencies like McGraw Hill Financial's (MHFI) S&P Ratings and Moody's (MCO) to assess the risks in their portfolios, reported Financial Times. Another Basel initiative aims to limit banks’ ability to game the system using internal models to calculate capital, said FT. A spokesperson for Moody’s told the FT: “We have long advocated reducing mechanistic reliance by regulators on any single risk indicator, including credit ratings. We believe our ratings will continue to serve market participants as a valuable source of insight on credit risk.” Publicly traded large 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
December 17, 2014
07:04 EDTMCOMoody's increases quarterly dividend, share repurchase authorization
On December 16, the Board of Directors of Moody's Corporation declared a regular quarterly dividend of 34c per share of MCO Common Stock, a 21% increase from the prior quarterly dividend of 28c per share. The dividend will be payable on March 10, 2015 to stockholders of record at the close of business on February 20, 2015. In addition, the Board authorized a new $1B share repurchase program. Moody's expects to commence repurchases under the new program following completion of the existing program, which had $1B of share repurchase authority remaining as of September 30, 2014. The company plans to repurchase shares subject to available cash, market conditions and other ongoing capital allocation decisions. As a result, the company's share repurchase activity may vary from quarter to quarter.
07:03 EDTMCOMoody's increases quarterly dividend, share repurchase authorization
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use