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Stock Market & Financial Investment News

News Breaks
April 14, 2014
08:32 EDTALLY, USBU.S. Bancorp to acquire document custodian business from Ally Bank
U.S. Bancorp (USB) announced that its lead bank, U.S. Bank National Association, has entered into a definitive agreement to purchase the document custodian business of Ally Bank (ALLY). The acquisition of Ally’s document custodian business, which is expected to close early in the second quarter of 2014, will add up to 40 employees to U.S. Bank, one new service location in Waterloo, Iowa and increase documents under custody by 15%.
News For USB;ALLY From The Last 14 Days
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December 19, 2014
09:28 EDTALLYOn The Fly: Pre-market Movers
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09:17 EDTALLYAlly Financial exits TARP
Ally Financial announced that the U.S. Department of the Treasury has sold its remaining 54.9M shares of Ally common stock at $23.25 per share and as a result, Ally will have exited the Troubled Asset Relief Program, or TARP, upon settlement of the sale. The U.S. Treasury received $19.6B in total on the $17.2B Ally investment, which is $2.4B more than originally invested.
09:12 EDTALLYAlly Financial 54.926M share Spot Secondary priced at $23.25
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07:31 EDTUSBLarge banks oil exposure manageable, says Wells Fargo
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06:32 EDTALLYAlly Financial received DOJ subpoena over subprime automotive finance
Ally Financial disclosed in a regulatory filing last night that it recently received a subpoena from the Department of Justice requesting information in connection with its investigation related to subprime automotive finance and related securitization activities. Other financial institutions have disclosed receiving similar requests earlier this year, it added. Ally Financial also announced that at the request of the DOJ, it recently entered into an agreement to voluntarily extend the statutes of limitations to allow the agency to continue its investigation of potential claims under the False Claims Act related to representations made by Ally regarding Residential Capital, the company's former mortgage subsidiary, in connection with investments in Ally made by the United States Department of the Treasury pursuant to the Troubled Asset Relief Program beginning six years ago, in December 2008.
December 18, 2014
18:22 EDTALLYOn The Fly: After Hours Movers
UP AFTER EARNINGS: Red Hat (RHT), up 9.3%... Pier 1 Imports (PIR), up 8%... NQ Mobile (NQ), up 9.3%... Cintas (CTAS), up 6.3%. ALSO HIGHER: Aratana Therapeutics (PETX), up 25.9% after candidate for dog osteoarthritis shows positive results... Ally Financial (ALLY), up 5% after announcing that it will exit the Troubled Asset Relief Program. DOWN AFTER EARNINGS: Nike (NKE), down 2.7%. ALSO LOWER: American Apparel (APP), down 2.8% after New York Post reports on takeover bid.
17:35 EDTALLYAlly Financial to exit Troubled Asset Relief Program
The U.S. Department of the Treasury launched an offering to sell its remaining 54,926,296 shares of Ally common stock. Upon completion of the transaction, Ally will exit the Troubled Asset Relief Program . Prior to this transaction, the U.S. Treasury has received $18.3B on a $17.2B investment in Ally, representing excess proceeds of $1.1B thus far.
17:22 EDTALLYAlly Financial files automatic common stock shelf
15:16 EDTUSBFed gives banks until July 2016 to to conform investments with covered funds
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December 17, 2014
16:33 EDTALLYAlly Financial initiated with a Buy at Jefferies
Target $27.
December 16, 2014
09:59 EDTUSBOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: BB&T (BBT) initiated with a Neutral at Guggenheim... Bank of America (BAC) initiated with a Buy at Guggenheim... Ciena (CIEN) initiated with a Neutral at Wedbush... Cimarex Energy (XEC) initiated with a Perform at Oppenheimer... Citigroup (C) initiated with a Neutral at Guggenheim... Extended Stay America (STAY) initiated with a Market Perform at JMP Securities... Infinera (INFN) initiated with a Neutral at Wedbush... JPMorgan (JPM) initiated with a Neutral at Guggenheim... Morgan Stanley (MS) initiated with a Buy at Guggenheim... Newfield Exploration (NFX) initiated with an Outperform at Oppenheimer... Nike (NKE) initiated with a Market Perform at Cowen... PNC Financial (PNC) initiated with a Neutral at Guggenheim... Peak Resorts (SKIS) initiated with an Outperform at FBR Capital... Peak Resorts initiated with an Outperform at Oppenheimer... Ralph Lauren (RL) initiated with an Outperform at Cowen... U.S. Bancorp (USB) initiated with a Neutral at Guggenheim... Under Armour (UA) initiated with an Outperform at Cowen... Wells Fargo (WFC) initiated with a Neutral at Guggenheim... Whiting Petroleum (WLL) initiated with an Outperform at Oppenheimer... Lowe's (LOW) initiated with a Neutral at Nomura... Home Depot (HD) initiated with a Neutral at Nomura... Estee Lauder (EL) initiated with a Buy at KeyBanc... Huntsman (HUN) initiated with a Buy at Nomura... Dow Chemical (DOW) initiated with a Buy at Nomura.
09:02 EDTUSBU.S. Bancorp's Elavon, Union Bank extend multi-year alliance
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December 15, 2014
16:14 EDTUSBU.S. Bancorp initiated with a Neutral at Guggenheim
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December 12, 2014
08:09 EDTUSBBofA/Merrill financial analysts hold an analyst/industry conference call
Banks Analyst Najarian, along with Capital Markets Analyst Carrier, Specialty Finance Analyst Bruce discuss the year ahead in Financials, covering the Banks, Capital Markets, Life and P/C Insurance, REIT, Specialty Finance and Canadian Banks/Life Insurance sectors on an Analyst/Industry conference call to be held on December 16 at 10 am.
December 10, 2014
11:27 EDTUSBU.S. Bancorp CFO says would consider special dividend
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10:00 EDTUSBU.S. Bancorp long-term goals include ROE 16%-19%
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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).
December 8, 2014
10:00 EDTUSBOn The Fly: Analyst Downgrade Summary
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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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