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Stock Market & Financial Investment News

News Breaks
February 28, 2014
05:30 EDTPFGPrincipal Financial upgraded to Outperform from Market Perform at Keefe Bruyette
Keefe Bruyette upgraded Principal Financial citing the recent pullback in shares and expectations for return-on-equity improvement. The firm raised its price target for shares to $56 from $54.
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September 12, 2014
12:07 EDTPFGPrincipal Financial, Macquarie Group join forces in CMBS market
Principal Real Estate Investors and Macquarie Group announced they are creating Principal Commercial Capital, a lending platform focused on originating and securitizing commercial mortgages in the commercial mortgage-backed securities, or CMBS, market. Principal Real Estate Investors and Macquarie will jointly manage the nationwide lending platform. Principal Real Estate Investors will source, underwrite, close and service loans. Macquarie will provide funding and capital markets expertise.

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