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Stock Market & Financial Investment News

News Breaks
March 21, 2014
16:09 EDTSTI, COF, GS, USB, PNC, BBT, AXP, JPM, C, STT, DFS, BAC, WFC, MSFed issues corrected results for stress test
The Federal Reserve issued corrected results for the 2014 Dodd-Frank Act stress test. For 26 of the 30 firms, the correction led to either no change or at most a 0.1% change in the firms' minimum, post-stress tier 1 common capital ratios in the severely adverse scenario. The change led to a 0.3% increase at two firms, a 0.2% decrease at one firm, and a 0.5% decline at another. The capital ratios were adjusted to address inconsistencies in the treatment of the Q4 actual capital actions and assumptions about preferred and employee compensation-related issuance over the course of the planning horizon. The Federal Reserve will reissue a full result paper on Monday with corrections as they affect all capital ratios. Reference Link
News For MS;C;USB;WFC;JPM;GS;BAC;AXP;COF;DFS;BBT;STI;STT;PNC From The Last 14 Days
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July 15, 2015
08:31 EDTDFSDiscover reports June net charge-offs 1.60% vs. 1.76% last month
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07:51 EDTJPMJPMorgan weakness would be buying opportunity, says Baird
Baird said they would use any weakness in JPMorgan as a buying opportunity and raised its price target on the shares to $75 from $70. The firm cited what they view as the bank's "solid" capital build and reasonable valuation and reiterated its Outperform rating on JPMorgan shares.
07:51 EDTPNCPNC Financial sees 'stable' net interest income in Q3 vs. Q2
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07:45 EDTJPM, JPMJPMorgan price target raised to $78 from $68 at CLSA
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07:42 EDTMS, JPM, GSCommodity Futures Trading Commission to hold a public roundtable
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07:36 EDTSTISunTrust July volatility elevated into Q2 and outlook
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07:19 EDTUSBU.S. Bancorp CEO says 'well positioned' to create value for shareholders
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07:18 EDTUSBU.S. Bancorp reports Q2 provision for credit losses $281M
Reports decline in net charge-offs of 15.2 percent on a year-over-year basis. Net charge-offs increased modestly -- 6.1% -- over the previous quarter as a result of lower recoveries. Provision for credit losses was $15 million less than net charge-offs in the current quarter. Return on average assets of 1.46 percent and average common equity of 14.3 percent. Reports Growth in average total loans of 4.0 percent over the second quarter of 2014 and 0.7 percent on a linked quarter basis. Ratios at June 30, 2015, were: Common equity tier 1 capital to risk-weighted assets estimated for the Basel III fully implemented standardized approach of 9.2 percent and for the Basel III fully implemented advanced approaches of 12.4 percent Basel III transitional standardized approach: Common equity tier 1 capital ratio of 9.5 percent; Tier 1 capital ratio of 11.0 percent; Total risk-based capital ratio of 13.1 percent.
07:16 EDTUSBU.S. Bancorp reports Q2 EPS 80c, consensus 80c
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07:15 EDTUSBU.S. Bancorp reports Q2 EPS 80c, consensus 80c
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07:07 EDTBACBank of America says issued 1.3M new consumer credit cards in Q2
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07:06 EDTBACBank of America CEO says benefited from improvement in U.S. economy
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07:05 EDTBACBank of America reports Book Value per Share $21.91 at June 30
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07:04 EDTBACBank of America reports Q2 provision for credit losses $780M
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07:02 EDTBACBank of America reports Q2 revenue net of interest expense $22.3B on FTE basis
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07:01 EDTBACBank of America reports Q2 EPS 45c, consensus 36c
Reports Q2 revenue $21.12B, consensus $21.32B.
07:01 EDTBACBank of America reports Q2 EPS 45c, consensus 36c
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06:38 EDTPNCPNC Financial reports Q2 EPS $1.88, consensus $1.76
Reports Q2 revenue $3.87B, consensus $3.78B. Reports Q2 NII $2.1B. Reports Q2 book value per share $79.64. Reports Q2 Basel III CET1 ratio 10.6%. Reports Tier 1 risk-based capital ratio 12%. Reports Q2 net charge-offs 0.13%.
06:17 EDTJPMJPMorgan reports June net credit losses 2.34% vs. 2.59% last month
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06:15 EDTCOFCapital One reports June net charge-offs 3.23% vs. 3.39% last month
Reports June 30-plus day performing delinquency rate 2.84% vs. 2.74% last month.
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