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Stock Market & Financial Investment News

News Breaks
July 17, 2014
06:38 EDTMS, RY, BAC, CS, UBSStudy says UBS largest private bank with assets near $2T, Reuters says
A study by Scorpio Partnership detailed that UBS (UBS) secured its lead over Bank of America (BAC) as the globe's biggest private bank and is within striking distance of managing $2T on behalf of the wealthy, according to Reuters, citing the study. The study also found that Morgan Stanley (MS), Credit Suisse (CS) and Royal Bank of Canada (RY) rounded out the top five overall. Reference Link
News For UBS;BAC;MS;CS;RY From The Last 14 Days
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September 29, 2015
09:35 EDTBACActive equity options trading on open
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09:22 EDTMSMorningstar to hold a conference
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September 28, 2015
16:00 EDTBACOptions Update; September 28, 2015
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15:15 EDTCSCredit Suisse to pay $4.25M over deficient blue sheet submissions
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06:20 EDTMS, UBSCOMCO probing UBS, Julius Baer for metals market price fixing, AFP reports
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September 27, 2015
13:50 EDTBACBank of America likely to increase dividend, buyback plans, Barron's says
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September 25, 2015
16:00 EDTBACOptions Update; September 25, 2015
iPath S&P 500 VIX Short-Term Futures up 66c to 25.09. Option volume leaders: AAPL NFLX BAC FB AU NKE PFE INTC AMZN TSLA
13:20 EDTMSGoldman Sachs hires Morgan Stanley trader, Business Insider reports
Goldman Sachs (GS) has hired Adam Savarese, a former trader at Morgan Stanley (MS), as a partner at its debt trading desk, Business Insider reports, citing people familiar with the matter. Savarese will work with partner Tom Tormey, the report says. Reference Link
12:04 EDTCSGlencore taps banks to help sell grains business, Bloomberg reports
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09:34 EDTBACActive equity options trading on open
Active equity options trading on open: AAPL BAC FB NKE NFLX PFE AU TSLA
September 24, 2015
16:00 EDTBACOptions Update; September 24, 2015
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08:23 EDTMSMorgan Stanley to participate in a discussion with 92Y
David Darst, Chief Investment Strategist at Morgan Stanley, along with Claire b. Benenson, a former mutual funds director, discuss the outlook for the U.S. and the global economy, inflation/deflation and corporate profits, in a discussion entitled, "Asset Allocation and Investment Strategy for 2016 and Beyond" being held in New York on September 24 at 8:15 pm.
07:10 EDTBAC, MSBanks clash with regulators over energy lending, WSJ reports
Banks are fighting with regulators over loan reviews that might compress the flow of net credit to the oil patch, the Wall Street Journal reports. The disagreement is focused on the narrow issue of loans secured by oil and gas companies' reserves, but it highlights the point of how postcrisis regulation of the financial industry impacts sectors outside of Wall Street, the report says. Caught in between banks and regulators are the small and medium exploration and production companies that rely on credit lines using their energy reserves as collateral, the report says. Publicly traded companies in the space include Bank of America (BAC), Citi (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
September 23, 2015
16:00 EDTBACOptions Update; September 23, 2015
iPath S&P 500 VIX Short-Term Futures down 53c to 23.81 Option volume leaders: AAPL NFLX BAC FB BABA DOW RIG MU FCX PBR XOM JPM
06:43 EDTUBSUBS CEO: Mistakes, risks are acceptable, FT reports
UBS CEO Sergio Ermotti has advised his top managers to tell employees that taking more risks and making mistakes is okay, the Financial Times reports. Ermotti argues that there needs to be a "degree of tolerance" for mistakes, since various regulatory and criminal fears are stopping legitimate businesses from taking honest risks, the report says. Reference Link
September 22, 2015
16:36 EDTBACOn The Fly: Top stock stories for Tuesday
Stocks on Wall Street began the session sharply lower and remained that way throughout the session. There was little in the way of buying as each of the major equity indexes slid over 1% and the market internals were decidedly negative. The auto industry and biotech sector were both notably weak, after the French government called for an investigation into the entire auto industry in the wake of the Volkswagen (VLKAY) emissions scandal and Democratic Presidential hopeful Hillary Clinton presented a plan to limit the cost of drugs for consumers. ECONOMIC EVENTS: In the U.S., the FHFA home price index rose 0.6% to 224.5 in July, which was better than the 0.4% rise that was expected. The Richmond Fed factory index fell to -5 in September, versus the reading of 2 that was expected. In Asia, the Asian Development Bank cut its growth forecast for the region, citing a weaker outlook for China and India and a delayed recovery in the world's advanced economies. The bank now sees the Chinese economy growing 6.8% this year and 6.7% next year, down from its previous forecasts of 7.2% and 7%, respectively. COMPANY NEWS: Lloyd Blankfein, Goldman Sachs (GS) Chairman and CEO, disclosed that he was diagnosed with lymphoma. "Fortunately, my form of lymphoma is highly curable and my doctors' and my own expectation is that I will be cured," Blankfein stated in an open letter that was shared by the bank... Bank of America (BAC) shareholders approved a proposal to ratify the 2014 amendments to the company's bylaws that permitted the board of directors to determine its leadership structure, meaning Brian Moynihan can retain his dual role as both Chairman and CEO... Shares of several fertilizer companies slid after Mosaic (MOS) announced it will reduce its potash production in response to current crop nutrient market conditions, primarily related to delayed fertilizer purchases in Brazil and North America. Shares of Mosaic finished the day down 7% at $33.87 following last night's announcement, while Potash (POT) fell 6.5% and Agrium (AGU) dropped 3.5%. MAJOR MOVERS: Among the notable gainers was Ashland (ASH), which advanced $2.78, or 2.6%, to $108.50 after announcing it will proceed with a plan to separate into two independent, publicly traded companies. Also higher was Weatherford (WFT), which gained 90c, or 10.7%, to $9.31 after cancelling plans for a public share offering, after which research firms Jefferies and Iberia both reiterated Buy-equivalent ratings on the stock. Among the noteworthy losers were Office Depot (ODP) and Staples (SPLS), which declined a respective 4% and 5.8% after the New York Post quoted a source as saying the FTC may move to block their merger plan. Also lower was Groupon (GRPN), which slipped 2.2% to $4.08 after announcing plans to cut 1,100 jobs related primarily to its international operations. ConAgra (CAG), Carnival (CCL), and CarMax (KMX) fell 7%, 5.5%, and 4.65%, respectively, following their quarterly earnings reports. INDEXES: The Dow fell 179.72, or 1.09%, to 16,330.47, the Nasdaq lost 72.23, or 1.5%, to 4,756.72, and the S&P 500 dropped 24.23, or 1.23%, to 1,942.74.
16:00 EDTBACOptions Update; September 22, 2015
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10:36 EDTBACBank of America shareholders approve resolution on board leadership structure
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10:15 EDTBACBank of America shareholders vote to retain Brian Moynihan as both Chairman, CEO
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07:34 EDTCS, BACDenver Gold Group to hold a forum
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