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Stock Market & Financial Investment News

News Breaks
August 12, 2014
09:05 EDTNEWT, COFNewtek Business subsidiary to increase revolving credit facility to $50M
Newtek Business Services (NEWT), The Small Business Authority, announced that its lending subsidiary, Newtek Small Business Finance, received approval and documentation from Capital One (COF) to increase its existing $27M revolving credit facility to $50M. The form of the amended documentation for the additional financing is subject to regulatory approval, and will bring the Company's total financing through Capital One to $70M on a company-wide basis. The $70M consists of a $10M term loan and up to $60M in revolving lines of credit.
News For NEWT;COF From The Last 14 Days
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October 22, 2014
11:17 EDTNEWTNewtek announces approval of conversion to BDC, reverse stock split
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October 17, 2014
08:51 EDTNEWTNewtek Business Services to host special shareholder meeting
Special shareholder meeting to be held in New York on October 22 at 10 am.
October 16, 2014
18:36 EDTCOFOn The Fly: After Hours Movers
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17:38 EDTCOFCapital One sees 2015 quarterly domestic charge-off rate mid to high-3% range
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16:09 EDTCOFCapital One reports Q3 EPS $1.86, consensus $1.94
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15:26 EDTCOFNotable companies reporting after market close
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14:09 EDTCOFApple confirms October 20 start date for Apple Pay
Apple (AAPL) announced that customers can start making payments on Monday, October 20, when Apple Pay becomes available in the U.S. Users of the iPad Air 2 and iPad mini 3 will be able to use Touch ID on their devices for Apple Pay within apps. The new service will be enabled by a free software update to iOS 8. Apple Pay supports credit and debit cards from the three major payment networks: American Express (AXP), MasterCard (MA) and Visa (V). In addition to American Express, Bank of America (BAC), Capital One Bank (COF), Chase (JPM), Citi (C), Wells Fargo (WFC) and others, who announced support in September, more than 500 new banks from across the country have signed on to Apple Pay, the company said.
October 15, 2014
08:57 EDTCOFCapital One reports September charge-off rate 2.79% vs. 2.81% last month
Reports September delinquency rate 3.21% vs. 3.08% last month.
October 14, 2014
09:13 EDTCOFCapital One October volatility elevated into Q3 and outlook
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October 13, 2014
07:19 EDTCOFAmEx, Capital One profits seen boosted by credit card 'sweet spot,' WSJ says
Credit card players such as American Express (AXP) and Capital One (COF), as well as banks with significant card units like JPMorgan (JPM), stand to benefit from the U.S. card industry's "sweet spot" of moderate economic growth, low interest rates and consumers who are better managing payments while growing their spending, said The Wall Street Journal, which noted that consulting firm R.K. Hammer estimates U.S. card issuers' revenue will grow 9% this year to $158.6B. Other U.S. banks with credit card units include Bank of America (BAC), Citigroup (C), and Wells Fargo (WFC) and other card companies include Visa (V) and MasterCard (MA). Reference Link
00:04 EDTCOFBanking regulators want more disclosure on auto loans, Reuters says
Banking regulators are requesting that banks provide more details on their auto loan portfolios, says Reuters. Balances remaining on auto loans are rising and about a fifth of the loans are subprime, added Reuters. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Capital One (COF), JPMorgan (JPM), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link

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