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Stock Market & Financial Investment News

News Breaks
June 30, 2014
12:15 EDTUSB, VU.S. Bancorp reaches settlement with U.S. Department of Justice
U.S. Bancorp (USB) announced that it has reached a settlement with the U.S. Department of Justice in order to resolve an investigation relating to the endorsement of mortgage loans under the Federal Housing Administrationís insurance program. The company cooperated fully with the DOJ investigation and chose to settle this matter for $200M without an admission of liability to avoid the path of costly and protracted litigation as well as distractions to the business. U.S. Bancorp has a legacy of being a respected mortgage lender, including a decades-long, strong working relationship with HUD and its FHA loan programs. In addition, during Q2 and prior to the settlement agreement with the DOJ, the company sold 3M shares of the Class B common stock of Visa (V) resulting in a net pretax gain of $214M. After the sale, the company continues to own approximately 9.6M Visa Class B shares. The combination of the settlement and the sale of Visa Class B shares is expected to be neutral to earnings-per-share in Q2.
News For USB;V From The Last 14 Days
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August 28, 2015
10:02 EDTUSBOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: ADP (ADP) upgraded to Outperform from Market Perform at William Blair... ASML (ASML) upgraded to Buy from Hold at Berenberg... Abercrombie & Fitch (ANF) upgraded on Hollister fundamentals at RBC Capital... Akamai (AKAM) upgraded to Outperform from Market Perform at JMP Securities... Ares Capital (ARCC) upgraded to Outperform from Market Perform at Raymond James... Banco Santander (SAN) upgraded on valuation at Deutsche Bank... CIBC (CM) upgraded to Neutral from Underperform at Credit Suisse... Canon (CAJ) upgraded to Hold from Sell at Deutsche Bank... Citi (C) upgraded to Buy from Neutral at Guggenheim... Ctrip.com (CTRP) upgraded to Buy from Hold at Stifel... El Pollo Loco (LOCO) upgraded at Stifel... Genomic Health (GHDX) upgraded to Market Perform from Underperform at Raymond James... Golar LNG (GLNG) upgraded on valuation, upcoming project completion at Stifel... Habit Restaurants (HABT) upgraded to Buy from Hold at Stifel... Helmerich & Payne (HP) upgraded to Overweight from Equal Weight at Stephens... Himax (HIMX) upgraded to Outperform from Neutral at Credit Suisse... Huntington Bancshares (HBAN) upgraded to Buy from Neutral at Guggenheim... InterContinental (IHG) upgraded to Outperform from Neutral at Credit Suisse... Knight Transportation (KNX) upgraded to Strong Buy on valuation at Raymond James... LogMeln (LOGM) upgraded to Overweight from Sector Weight at Pacific Crest... Patterson Companies (PDCO) upgraded to Overweight from Neutral at Piper Jaffray... Qunar (QUNR) upgraded on valuation, positive catalysts at Stifel... Regions Financial (RF) upgraded to Buy from Neutral at Guggenheim... Ryder (R) upgraded to Strong Buy from Outperform at Raymond James... SVB Financial (SIVB) upgraded to Buy from Neutral at DA Davidson... Seagate (STX) upgraded to Buy from Hold at Cross Research... Sinopec (SNP) upgraded to Neutral from Sell at Citi... Summit Hotel Properties (INN) upgraded to Outperform at Baird... Texas Capital (TCBI) upgraded to Buy from Neutral at DA Davidson... The Medicines Co. (MDCO) upgraded to Buy from Hold at Jefferies... U.S. Bancorp (USB) upgraded to Buy from Neutral at Guggenheim... Weatherford (WFT) upgraded to Overweight from Equal Weight at Stephens.
06:48 EDTUSBU.S. Bancorp upgraded to Buy from Neutral at Guggenheim
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August 27, 2015
06:46 EDTUSBFed ups scrutiny of U.S. bank payment systems, WSJ reports
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06:34 EDTUSBBanks, investors may suffer from margin calls, WSJ reports
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August 25, 2015
09:59 EDTUSBOn The Fly: Analyst Upgrade Summary
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09:19 EDTUSBU.S. Bancorp upgraded to Outperform from Sector Perform at Portales
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August 24, 2015
07:48 EDTUSBU.S. Bancorp volatility at high end of range
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August 20, 2015
14:07 EDTVVisa bounces higher after Sky News report of European merger
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13:22 EDTVVisa mulls $21B bid to merge U.S., European units, Sky News reports
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10:00 EDTUSBOn The Fly: Analyst Initiation Summary
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08:20 EDTVVisa management to meet with Pacific Crest
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August 19, 2015
17:12 EDTUSBU.S. Bancorp initiated with a Neutral at Sterne Agee CRT
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13:30 EDTVOptions with increasing put volume;
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August 18, 2015
11:36 EDTVTarget reaches settlement with Visa over data breach, WSJ reports
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11:10 EDTVVisa calls active on activist investor speculation
Visa August 74.5 and 75 calls are active on total call volume of 12K (1K puts) on activist investor speculation. August call option implied volatility is at 18, September is at 19; compared to its 52-week range of 14 to 31. Active call volume suggests traders taking positions for upside price movement.
10:34 EDTVRumor: Visa goes positive on activist investor speculation
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06:03 EDTVVisa and QIWI implement contactless payment technology
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