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Stock Market & Financial Investment News

News Breaks
November 19, 2012
07:35 EDTKEY, MTB, USB, HBAN, TD, PNC, FITB, RBSRBS under pressure to sell CItizens, Reuters reports
Royal Bank of Scotland (RBS) is coming under pressure from the U.K. government to put its US Citizens business up for sale, according to Reuters. The unit could be worth around $8.8B-$13.6B, but the publication adds that a sale is not likely to happen for a year or two. TD Bank (TD), M&T Bank (MTB), Fifth-Third (FITB), Huntington (HBAN) or KeyCorp (KEY) could be interest in parts of the network, Credit Suisse analysts have said. Bankers say PNC (PNC) and U.S. Bancorp (USB) could also take a look. Reference Link
News For RBS;TD;MTB;FITB;HBAN;KEY;PNC;USB From The Last 14 Days
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December 10, 2014
10:00 EDTUSBU.S. Bancorp long-term goals include ROE 16%-19%
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10:00 EDTMTBOn The Fly: Analyst Downgrade Summary
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09:20 EDTPNCPNC Financial says special dividends not an option this year
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08:45 EDTRBSRBS to exit bond trading in Japan, WSJ reports
Royal Bank of Scotland Group plans to give up its primary dealership in the Japanese government bond market early next year as part of the bank’s strategy to scale back its fixed-income businesses due to increasing regulatory costs, said The Wall Street Journal, citing a person familiar with the matter. The move will likely result in "sizable" job cuts, the report added. Reference Link
06:22 EDTMTBM&T Bank downgraded at Raymond James
As previously reported, Raymond James downgraded M&T Bank (MTB) to Underperform from Market Perform. The firm lowered EPS estimates to reflect more conservative NIM assumptions and the pushout of the Hudson City (HCBK) deal.
06:09 EDTMTBM&T Bank downgraded to Underperform from Market Perform at Raymond James
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December 9, 2014
14:42 EDTUSBFed sees setting capital surcharge up to 4.5% for big U.S. banks, Bloomberg says
Bloomberg cites surcharge estimates in Federal Reserve staff memo. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC).
10:23 EDTKEY, HBAN, FITBOn The Fly: Analyst Initiation Summary
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08:06 EDTMTBHudson City Bancorp and M&T Bank to extend time to complete merger
Hudson City Bancorp (HCBK) and M&T Bank (MTB) announced that they have agreed to extend the date after which either party may elect to terminate the Agreement and Plan of Merger dated August 27, 2012, if the merger has not yet been completed from December 31 to April 30, 2015 pursuant to Amendment No. 3 to the Agreement and Plan of Merger, which has been approved by both the Hudson City and M&T Boards of Directors. The consideration and exchange ratio as provided in the Agreement and Plan of Merger will remain the same.
06:43 EDTFITBFifth Third Bancorp initiated with a Buy at Guggenheim
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06:43 EDTKEYKeyCorp initiated with a Buy at Guggenheim
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06:43 EDTHBANHuntington Bancshares initiated with a Neutral at Guggenheim
December 8, 2014
16:04 EDTPNCPNC Financial announces executive appointments
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10:00 EDTUSBOn The Fly: Analyst Downgrade Summary
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07:56 EDTRBSRBS asks Credit Suisse, others for Coutts bids by Christmas, Reuters says
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06:35 EDTUSBValue of Wall Street's M&A bankers has risen, NY Times says
The value of Wall Street's bankers who advise large companies seems to be increasing, while traders are becoming less valuable, according to The New York Times. Bankers who work on M&A deals are expecting their bonuses to increase, while traders anticipate that their compensation will drop, the newspaper added. Furthermore, banks seem to be going the extra mile to hire top notch bankers, the newspaper stated. Publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
05:59 EDTUSBU.S. Bancorp downgraded to Underperform from Market Perform at Keefe Bruyette
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December 5, 2014
13:26 EDTKEYComerica, BB&T, KeyCorp seen as potential activist targets, TheStreet says
The co-founder of PL Capital, Richard Lashley, expects shareholder activism to move from community banks to larger regional banks, including lenders like Comerica (CMA), BB&T Corp. (BBT), and KeyCorp (KEY), reported TheStreet, citing comments made during a panel on investment strategy during The Deal Economy Event at the Nasdaq Exchange. After the next presidential cycle, "When stress tests are done, when Basel is settled, and Congress will realize [the banks] have too much capital," Lashley expects more M&A in the sector, TheStreet quoted him as saying. Reference Link
10:35 EDTKEYHigh option volume stocks
High option volume stocks: NOAH FRAN BIG GREK KEY VIAB STRZ ALKS QTWW ONNN
10:10 EDTKEYKeyCorp rises 2.5% to $13.83 after report of activist interest
An activist investor is said to be eyeing Keycorp, said The Deal, according to contacts.
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