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Stock Market & Financial Investment News

News Breaks
July 16, 2014
07:17 EDTUSBU.S. Bancorp reports Q2 EPS 78c, consensus 77c
Reports Q2 revenue $5.19B, consensus $4.94B. Q2 included two previously disclosed notable items. The company reached a settlement with the DOJ to resolve an investigation relating to the endorsement of mortgage loans under the Federal Housing Administration's insurance program for $200M. In addition, prior to the FHA DOJ settlement, the company sold 3.0M shares of the Class B common stock of Visa (V) resulting in a net pretax gain of $214M. Combined, these notable items had no impact to diluted earnings per common share for the current quarter.
News For USB From The Last 14 Days
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March 31, 2015
07:27 EDTUSBFederal Reserve Bank of Chicago to hold a conference
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March 30, 2015
07:44 EDTUSBBasel Committee says new regulations unlikely, FT reports
In an interview with the Financial Times, Basel Committee secretary-general William Coen stated most of the post-financial crisis bank regulation is in place, and the committee will now spend 2015 providing clarity on existing regulation. Coen stated that he is strongly inclined to review bank trading book rules by year's end, though the committee's review of market risk regulations may or may not be completed this year. 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
March 29, 2015
18:02 EDTUSBECB stimulus may boost trading opportunities for investment banks, Reuters says
The European economic stimulus plan may boost trading opportunities for major investment banks whose profits have been curtailed by an increase in financial regulations since the financial crisis, says Reuters. 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
March 26, 2015
08:17 EDTUSBSEC Chairwoman proposes new 'dark pool' regulation, NY Post says
Securities and Exchange Commission Chairwoman Mary Jo White proposed new regulation Wednesday that would require high-frequency traders to register with the Financial Industry Regulatory Authority and provide the agency with a daily paper trail, reports the New York Post. The Post notes that there is a 60-day comment period before any SEC rule is finalized. 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
March 24, 2015
07:45 EDTUSBMetLife CEO letter may be early sign of bank earnings headwinds, WSJ says
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March 19, 2015
11:53 EDTUSBU.S. banks face headwinds in unloading oil loans, WSJ says
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