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Stock Market & Financial Investment News

News Breaks
January 7, 2013
10:27 EDTBAC, NSMNationstar CEO says company could pick up some employees from Bank of America
News For NSM;BAC From The Last 14 Days
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November 20, 2014
07:23 EDTBACBoston Security Analysts Society to hold a conference
Sustainable Investing: Taking the Long View is being held in Boston on November 20.
07:11 EDTBACBofA/Merrill to hold a conference
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November 19, 2014
07:51 EDTBACClearing House Payments Company to hold a conference
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November 17, 2014
10:15 EDTBACBank of America reports October default rate 2.81% vs. 2.93% last month
Reports October delinquency rate 1.94% vs. 1.92% last month.
November 14, 2014
16:52 EDTNSMGreenlight Capital gives quarterly update on stakes
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07:32 EDTNSMHayman Capital gives quarterly update on stakes
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November 12, 2014
16:23 EDTBACOn The Fly: Closing Wrap
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12:38 EDTBACOn The Fly: Midday Wrap
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10:14 EDTBACOCC fines Bank of America, Citigroup, JPMorgan $950M over FX trading
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09:36 EDTNSMInformation Management Network to hold a symposium
Private Label RMBS Reform Symposium is being held in New York on November 12.
07:28 EDTNSM, BACBofA/Merrill to hold a conference
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November 11, 2014
12:50 EDTNSMLawsky undecided on leaving NYDFS, Inside Mortgage Finance says
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11:56 EDTBACAmerican Commercial weighs sale with value of over $1B, Financial Times says
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08:30 EDTNSMLawsky reports a positive for mortgage space, says FBR Capital
FBR Capital views reports of New York Department of Financial Services Superintendent Benjamin Lawsky’s plans to step down in 2015 as a positive for mortgage servicing space. FBR notes Ocwen Financial (OCN) has been the company under the most scrutiny with Lawsky in charge and that Nationstar Mortgage (NSM)) has also received a letter from the regulator. It also views the reports as a positive for Walter Investment (WAC), which it notes has avoided a targeted communication by Lawsky thus far. FBR thinks a softening of the regulatory environment could allow the big banks to start moving product again.
06:59 EDTBACBank of America's head of FICC trading to retire by year-end, WSJ reports
Bank of America's head of global fixed income, currencies and commodities trading trading, David Sobotka, will retire by year-end, the Wall Street Journal reports, citing an internal memo sent to employees. Sobotka is planning to take some time off before deciding on his next steps. Sources say BofA will name Sobotka's replacement by the end of the year. Reference Link
November 10, 2014
10:04 EDTNSMOn The Fly: Analyst Upgrade Summary
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09:15 EDTNSMNationstar price target lowered to $35 from $42 at Sterne Agee
Sterne Agee cut its price target on Nationstar after the company reported lower than expected Q3 EPS. The firm also cited slower upward momentum in the company's Solutions Star and mortgage volumes as reasons for the price target cut The firm keeps a Buy rating on the stock.
06:53 EDTBACBank of America, U.S. Bancorp settle bond trustee class action, Reuters says
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06:46 EDTBACRegulators set new capital buffer rule for banks, Reuters reports
Global banks should have buffers of bonds or equity worth 16%-20% of their risk-weighted assets, beginning in January 2019, The Financial Stability Board decided, according to Reuters. The board said the buffer would prevent the need for government bailouts, the news service explained. Publicly traded global banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) Wells Fargo (WFC), 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
06:37 EDTNSMNationstar upgraded to Market Perform from Underperform at Keefe Bruyette
Keefe Bruyette upgraded Nationstar to Market Perform following the company's Q3 results
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