Stock Market & Financial Investment News

News Breaks February 11, 2013 17:44 EDT NCT Newcastle Investment sees Q4 core EPS 18c-20c, consensus 28c Newcastle Investment disclosed in a regulatory filing that the decrease in core earnings relative to Q3 is principally attributable to Newcastle’s average uninvested cash balance during Q4, which was largely a result of its decision to preserve cash for a potential co-investment in excess mortgage servicing rights from Residential Capital, and higher general and administrative expenses associated with certain transactions, such as ResCap and the planned spin-off of New Residential Investment. Although not reflected in the calculation of core earnings, the impact of uninvested cash during Q4 was partially offset by Newcastle’s receipt of a breakup fee related to the termination of the ResCap agreements. Net income in the fourth quarter will be lower relative to Q3, principally as a result of Newcastle’s recognition in Q3 of a $224M net gain on the sale of its interests in a collateralized debt obligation. News For NCT From The Last 14 Days Check below for free stories on NCT the last two weeks. Sign up for a free trial to see the rest of the stories you've been missing. May 22, 2013 10:00 EDT NCT On The Fly: Analyst Downgrade Summary Subscribe for More Information 05:42 EDT NCT Newcastle downgraded to Market Perform from Outperform at Keefe Bruyette Subscribe for More Information May 21, 2013 12:47 EDT NCT Options with increasing implied volatility: UNXL NCT LYV HBAN HNZ May 20, 2013 13:29 EDT NCT Options with increasing implied volatility: UNXL NCT LYV CPRT S May 17, 2013 12:28 EDT NCT Options with increasing implied volatility: SCTY AEGR NCT LYV Subscribe for More Information May 16, 2013 12:00 EDT NCT Newcastle Investment falls 54.3% Subscribe for More Information 10:00 EDT NCT Newcastle Investment falls 54.2% Subscribe for More Information 09:00 EDT NCT Newcastle Investment falls 52.7% Subscribe for More Information 07:58 EDT NCT New Residential to begin trading on NYSE today Subscribe for More Information Sign up for a free trial to see the rest of the stories you've been missing.