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Stock Market & Financial Investment News

News Breaks
February 28, 2014
05:36 EDTSTT, BKState Street unit now handling corporate bond trades, WSJ reports
A unit of State Street Corp. (STT) started handling corporate bond trades between large investment firms as an intermediary, reports the Wall Street Journal. That's usually done by a bank-owned broker-dealer. Bank of New York Mellon Corp. (BK) is also considering offering a similar service, sources say. Reference Link
News For STT;BK From The Last 14 Days
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July 28, 2014
06:48 EDTBKNASDAQ appoints BNY Mellon to provide U.S. Treasury clearing, custody
BNY Mellon (BK) has been appointed by NASDAQ OMX Clearing (NDAQ) to provide EMIR, or European Market Infrastructure Regulation, compliant clearing and custody services for U.S. Treasuries within the NASDAQ OMX Group's new European clearing business. The new mandate extends BNY Mellon's existing relationship with NASDAQ OMX - it was appointed by the exchange as a cash settlement bank in 2013 - and reinforces BNY Mellon's position as a leading custodial service provider to central counterparties, or CCPs. Both EMIR and the Dodd-Frank legislation in the U.S. mandate the migration of over-the-counter derivatives from bilateral clearance to CCPs.
July 23, 2014
14:35 EDTBKBNY Mellon price target raised to $45 from $40 at Argus
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July 22, 2014
07:16 EDTSTTState Street sees $575M-$625M in annualized pre-tax expense savings by 2015
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07:13 EDTSTTState Street reports Q2 operating EPS $1.39, consensus $1.26
Reports Q2 revenue $2.6B, consensus $2.6B.
July 21, 2014
15:30 EDTSTTNotable companies reporting before tomorrow's open
Notable companies reporting before tomorrow's market open, with earnings consensus, include Verizon (VZ), consensus 90c; Coca-Cola (KO), consensus 63c; Comcast (CMCSA), consensus 72c; United Technologies (UTX), consensus $1.70; McDonald's (MCD), consensus $1.44; Altria Group (MO), consensus 66c; du Pont (DD), consensus $1.17; Lockheed Martin (LMT), consensus $2.66; Kimberly-Clark (KMB), consensus $1.50; Travelers (TRV), consensus $2.07; Ingersoll-Rand (IR), consensus $1.11; State Street (STT), consensus $1.26; TD Ameritrade (AMTD), consensus 34c; Harley-Davidson (HOG), consensus $1.46; Polaris Industries (PII), consensus $1.39; Crocs (CROX), consensus 31c.
July 18, 2014
06:36 EDTBKBNY Mellon reports Q2 EPS ex-items 62c, consensus 56c
Reports Q2 revenue $3.75B, consensus $3.77B. Reports Q2 book value per share $32.49. Reports Q2 Basel I CET1 ratio 13.2%. Reports Q2 Basel III CET1 ratio 10.4%. Reports Q2 asset servicing revenue up 3%, year-over-year. Reports Q2 AUC/A up 9% to $28.5T.

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