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Stock Market & Financial Investment News

News Breaks
September 10, 2012
09:52 EDTPNC, RYPNC Financial sees 2013 revenue increasing vs. 2012
Core NII and noninterest income growth expected to exceed the purchase accounting decline of approximately $400M in 2013. Says RBC Bank (RY) integration cost savings of $150M remain on track. Comments from slides that will be presented at the Barclays Capital Global Financial Services Conference.
News For PNC;RY From The Last 14 Days
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May 21, 2013
07:26 EDTPNCBarclays to host a conference
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May 16, 2013
12:32 EDTRYEU bank stress test delayed until 2014 by regulator
The EBA agreed on recommendations to supervisors to conduct asset quality reviews on major EU banks. While banks’ capital positions were significantly strengthened under the EBA’s recapitalisation exercise, the objective of the asset quality exercises will be to review banks’ classifications and valuations of their assets so to help dispel concerns over the deterioration of asset quality due to macroeconomic conditions in Europe. Since appropriately reviewed balance sheets are a key input to an effective stress test, the EBA has also adjusted the timeline of the next EU-wide stress test so to conduct the exercise in 2014 once the asset quality reviews are completed. However, to ensure transparency and comparability over the years, the EBA will provide, in 2H, appropriate disclosure on the actual exposures of the EU banking sector. Reference Link
08:33 EDTPNCBofA/Merrill's gobal financial analysts hold an analyst/industry conference call
Global Financial Institutions Analysts discuss their Global Financials Quarterly Best Ideas Report on an Analyst/Industry conference call. Relevant companies AIG, ALL, ASBC, BCH, BKU, BBT, BBD, C, CMA, EVER, FITB, FHN, FRC, FULT, HBAN, ING, KEY, MTB, PNC, RF, STI, SUSQ, SNV, HIG, USB, WFC, XL and ZION may be included on the Analyst/Industry conference call to be held on May 16 at 10 am.
May 14, 2013
06:19 EDTRYRoyal Bank of Canada upgraded to Equal Weight from Underweight at Morgan Stanley
May 13, 2013
06:49 EDTRYECB member says negative deposit rates would help economy, Reuters says
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