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Stock Market & Financial Investment News

News Breaks
November 19, 2012
07:35 EDTRBS, TD, MTB, FITB, HBAN, KEY, PNC, USBRBS 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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October 20, 2014
06:40 EDTPNCPNC Financial downgraded to Hold from Buy at Deutsche Bank
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October 17, 2014
10:00 EDTFITBOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: AK Steel (AKS) upgraded to Buy from Neutral at Nomura... AMD (AMD) upgraded to Sector Perform from Underperform at Pacific Crest... Atlantic Power (AT) upgraded to Market Perform from Underperform at BMO Capital... Basic Energy (BAS) upgraded to Outperform from Market Perform at Cowen... BorgWarner (BWA) upgraded to Buy from Hold at Deutsche Bank... CA Technologies (CA) upgraded to Overweight from Equal Weight at Barclays... Calumet Specialty Products (CLMT) upgraded to Outperform at Wells Fargo... DHT Holdings (DHT) upgraded to Buy from Hold at Evercore... Exelon (EXC) upgraded to Neutral from Sell at Citigroup... Fifth Third Bancorp (FITB) upgraded to Buy from Neutral at Citigroup... Goldman Sachs (GS) upgraded to Outperform from Market Perform at Keefe Bruyette... Helmerich & Payne (HP) upgraded to Buy from Neutral at UBS... Hilton (HLT) upgraded to Buy from Neutral at SunTrust... Hyatt Hotels (H) upgraded to Outperform from Neutral at Macquarie... IPG Photonics (IPGP) upgraded at Stifel... ITC Holdings (ITC) upgraded to Neutral from Underperform at Credit Suisse... Manpower (MAN) upgraded to Outperform from Market Perform at Avondale... Nabors Industries (NBR) upgraded to Outperform from Market Perform at Cowen... Newpark Resources (NR) upgraded at Cowen... Old Dominion (ODFL) upgraded to Buy from Neutral at Longbow... PDC Energy (PDCE) upgraded at SunTrust... Patterson-UTI (PTEN) upgraded to Buy from Neutral at UBS... PrivateBancorp (PVTB) upgraded to Outperform from Neutral at Macquarie... QLogic (QLGC) upgraded to Buy from Hold at Summit Research... RPC, Inc. (RES) upgraded at Cowen... Sonoco (SON) upgraded to Neutral from Underperform at DA Davidson... Southwestern Energy (SWN) upgraded to Outperform from Market Perform at Raymond James... SunEdison (SUNE) upgraded to Outperform at Cowen... TSMC (TSM) upgraded to Buy from Neutral at Mizuho... Tesco (TESO) upgraded to Outperform from Market Perform at Cowen... UnitedHealth (UNH) upgraded to Outperform from Market Perform at Leerink... Xilinx (XLNX) upgraded to Outperform from Market Perform at Wells Fargo.
09:06 EDTPNCJPMorgan and PNC Financial weakness a buying opportunity, say Morgan Stanley
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08:11 EDTMTBM&T Bank reports Q3 non-GAAP EPS $1.94, consensus $1.98
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07:38 EDTHBANHuntington expects near-tern improvement in interest rate enviornment
The company says, "We continue to be pleased with our healthy lending pipeline and the strength of the economies within our footprint. We are looking forward to a solid finish for 2014, as we remain on track to deliver another year with positive operating leverage. We are not expecting a near-term improvement in the interest rate environment. However, we are committing to delivering positive operating leverage again in 2015 as we will continue to prudently manage expenses in alignment with our revenue growth outlook. Net interest income is expected to increase slightly in Q4. We anticipate an increase in earning assets as total loans moderately grow and investment securities increase modestly. However, those benefits to net interest income are expected to be partially offset by continued downward pressure on NIM. Noninterest income, excluding the impact of any net MSR activity, is expected to remain near the current quarter’s level. Noninterest expense, excluding Significant Items, is expected to remain near the current quarter’s adjusted level. Fourth quarter 2014 is expected to include approximately $10M of Significant Items related to the already announced franchise repositioning activities. We will continue to look for ways to reduce expenses, while not impacting our previously announced growth strategies and our high level of customer service. Overall, asset quality metrics are expected to remain near current levels, although moderate quarterly volatility also is expected, given the absolute low level of problem assets and credit costs. We anticipate NCOs will remain within or below our long-term normalized range of 35 to 55 basis points. The effective tax rate for the remainder of 2014 is expected to be in the range of 25%-28%, primarily reflecting the impacts of tax-exempt income, tax-advantaged investments, general business credits, and the change in accounting for investments in qualified affordable housing projects."
07:37 EDTHBANHuntington Bancshares reports Q3 net interest income $466.3M
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07:34 EDTHBANHuntington Bancshares reports Q3 revenue $721.2M, consensus $716.43M
07:32 EDTHBANHuntington Bancshares ups dividend from 5c to 6c
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07:31 EDTHBANHuntington Bancshares reports Q3 EPS 18c, consensus 19c
Reports Q3 net charge-offs declined to 0.26% of average loans and leases, down from 0.53% in the year-ago quarter.
06:41 EDTTDToronto-Dominion upgraded to Outperform from Neutral at Credit Suisse
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06:11 EDTFITBFifth Third Bancorp upgraded to Buy from Neutral at Citigroup
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October 16, 2014
15:26 EDTHBAN, MTBNotable companies reporting before tomorrow's open
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11:15 EDTHBANHigh option volume stocks
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09:39 EDTFITBActive equity options trading on open
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09:35 EDTFITBFifth Third Bancorp sees Q4 NIM down about 6bps from Q3
says sees continued investments in risk management. Says loan growth was "more muted" than in previous quarters. Says taking prudent approach to lending. Sees strength of deposit franchise continuing. Sees Q4 NII down "a few million dollars" vs. Q3. Sees Q4 NIM down about 6bps from Q3. Sees mid single digit growth for loans in Q4, but sees loan growth at lower end of view. Sees Q4 expenses up in low to mid single digit range. Sees Q4 net charge-offs down about 10% vs. Q3. Says balance sheet "well positioned" for rising rates. Comments made on the Q3 earnings conference call.
08:42 EDTRBSUBS, DOJ in talks for forex rigging settlement, FT reports
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07:45 EDTFITBFifth Third Bancorp sees stable to modest growth in NII for 2014
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06:50 EDTRBSEuropean regulator rejects bonus loophole, NY Times says
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06:32 EDTFITBFifth Third Bancorp reports Q3 EPS 39c, consensus 43c
Q3 EPS includes 4c negative valuation adjustment on the warrant Fifth Third holds in Vantiv. Reports Q3 return on average assets of 1.02% Reports Q3 net charge-offs of $115M, Q3 provision expense of $71M. Reports Tier 1 common ratio of 9.64% in Q3, Tier 1 risk-based common ratio of 10.93% in Q3. Reports tangible common equity ratio of 8.84% in Q3. Reports book value per share of $16.87, tangible book value per share of $13.95.
06:28 EDTKEYKeyCorp upgraded to Buy from Neutral at Citigroup (yesterday)
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