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Stock Market & Financial Investment News

News Breaks
January 17, 2014
07:00 EDTPNC, STIPNC Financial reported strong results, says Wells Fargo
After PNC (PNC) reported better than expected Q4 results, Wells Fargo increased its price target on the stock to $83-$85 from $80-$83. However, the firm continues to recommend SunTrust (STI) over PNC, as it believes that PNC will have more difficulty generating EPS growth in 2014. The firm keeps a Market Perform rating on PNC.
News For PNC;STI From The Last 14 Days
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March 24, 2015
07:55 EDTPNCDetroit Economic Club to host a luncheon meeting
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March 20, 2015
08:03 EDTSTIZions Bancorp announces retirement of CFO Doyle Arnold
Zions Bancorp (ZION) announced that Vice Chairman and CFO Doyle Arnold will retire in early May, subsequent to the filing of the company's first quarter financial results. He will be succeeded as CFO by Paul Burdiss, currently Corporate Treasurer at SunTrust (STI) Atlanta, Georgia.
March 19, 2015
07:46 EDTSTISunTrust management to meet with Deutsche Bank
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March 17, 2015
08:34 EDTPNCPNC Financial reinstated with a Market Perform at Raymond James
March 12, 2015
07:44 EDTSTIDeutsche calls Citi, Regions biggest stress test winners
Deutsche Bank views Citi (C) and Regions Financial (RF) as the biggest winners coming out of the Federal Reserve's stress tests. Citi's non-objection, buybacks of $7.8B and a quarterly dividend of 5c were all in-line to better than expected, while Regions' buybacks of $875M was much higher than its $625M estimate, Deutsche points out. The firm believes KeyCorp (KEY), Morgan Stanley (MS) and SunTrust (STI) were also winners after announcing larger than expected buybacks. It views the results for Bank of America (BAC) as a "slight disappointment," but adds some investors may be relieved by the lack of rejection to the capital plan.

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