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Stock Market & Financial Investment News

News Breaks
June 10, 2014
04:55 EDTOAK, OAK, JPM, JPM, KEY, KEY, ALLY, ALLY, AGII, AGII, HBAN, HBAN, NTRS, NTRS, Y, Y, USB, USB, TCBI, TCBI, WD, WDMorgan Stanley to hold a conference
Financials Conference to be held in New York on June 10-11.
News For OAK;TCBI;USB;Y;NTRS;HBAN;AGII;ALLY;KEY;JPM;WD From The Last 14 Days
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February 25, 2015
08:33 EDTJPMJPMorgan core franchise outlook positive, says Bernstein
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06:23 EDTJPMJPMorgan in talks with DOJ over auto loan pricing
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06:13 EDTJPMJPMorgan to close 300 bank branches over two years, AP reports
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February 24, 2015
16:27 EDTYAlleghany reports Q4 EPS $8.61, consensus $8.36
Book value per common share grew to $465.51 as of December 31, 2014, an increase of 12.7% from book value per common share of $412.96 at 2013 year end.
15:21 EDTYNotable companies reporting after market close
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10:53 EDTJPMJPMorgan rises, levels to watch
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09:25 EDTJPMJPMorgan sees pro forma net income growing to about $30B over 3 year horizon
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09:11 EDTJPMJPMorgan CFO says will 'aggressively' manage G-SIB exposures
CFO Lake says may take at actions to reduce G-SIB buffer to 4% if required actions are accretive.
09:06 EDTJPMJPMorgan CFO says company seeks to raise dividends if approved
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09:01 EDTJPMJPMorgan expects legal costs to ease, but remain above pre-crisis levels
08:55 EDTJPMJPMorgan expect net charge offs to remain low at $4B+ in 2015
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07:21 EDTJPMSecurities Industry & Financial Markets Association to hold a conference
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06:15 EDTJPMBanks probed for possible rigging of precious metals markets, WSJ reports
Officials in the U.S. are investigating at least 10 major banks for potential rigging of precious-metals markets, sources tell The Wall Street Journal. The DOJ's antitrust unit are investigating the price-setting process for gold, silver, palladium and platinum in London, while the CFTC has begun a civil investigation, with both agencies making requests for information, including a subpoena to HSBC (HSBC) from the CFTC. According to a source, Credit Suisse (CS), JP Morgan (JPM), UBS (UBS), Societe Generale (SCGLY), Bank of Nova Scotia (BNS), Barclays (BCS), Goldman Sachs (GS) and Deutsche Bank (DB) are also under investigation. Reference Link
06:12 EDTJPMJPMorgan plans to charge fees for deposits from large clients, WSJ says
JPMorgan is planning to charge corporate clients, hedge funds, private-equity firms, and foreign banks for deposits due to regulatory rules that impose costs on holding money viewed as "prone to fleeing" during financial stress, reports the Wall Street Journal, citing an internal memo and people familiar with the plan. Clients will be asked to pay a fee or move funds to other products such as money-fund sweep accounts. Retail customers are unaffected. Reference Link
06:06 EDTHBANHuntington Bancshares agrees to purchase Macquarie Equipment Finance
Huntington Bancshares announced the signing of a definitive agreement for Huntington National Bank to purchase Bloomfield Hills, Michigan-based Macquarie Equipment Finance. With approximately $500M of annual originations, MEF-US is the largest standalone, vendor independent provider of specialized technology financing with customer-centric asset management services in the United States. Huntington will acquire Macquarie Equipment Finance’s U.S. business from its ultimate parent company, Sydney, Australia-based Macquarie Group. Under the terms of the agreement, Huntington will acquire approximately $900M of assets and assume approximately $630M of debt, securitizations, and other liabilities. The acquisition is expected to be accretive to Huntington’s earnings in the first year and is anticipated to be completed by March 31, 2015.
February 23, 2015
11:08 EDTJPMJPMorgan weekly volatility elevated into investor day
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08:57 EDTJPMJPMorgan to host investor day
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February 20, 2015
08:11 EDTALLYAlly CEO exploring subprime lending, sees loss of GM business, Detroit News says
Ally (ALLY) CEO Jeffrey Brown stated in a Thursday interview with The Detroit News that the company may return to offering credit cards and home mortgages, and currently plans to expand auto lending to subprime customers. The CEO said he expects to decide within 30-60 days whether Ally will consolidate its five locations to a single headquarters in the Detroit suburbs. Brown added that he expects GM (GM) to shift its $4.1B subsidized leasing program for Chevrolet from Ally to GM Financial, which the Ally CEO wants to offset by increasing subprime lending from 9% of total lending to 12%-15%. Reference Link
07:04 EDTALLYAlly CEO assuming company will lose all of GM's leasing business, Reuters says
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06:03 EDTJPMAnn Inc. working with JPMorgan on potential sale, Bloomberg reports
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