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Stock Market & Financial Investment News

News Breaks
February 26, 2014
07:55 EDTWBS, WBS, PB, PB, EVER, EVER, SNV, SNV, TCBI, TCBI, SCBT, SCBT, CFR, CFR, SBNY, SBNY, BBCN, BBCN, BOKF, BOKF, ONB, ONBKeefe Bruyette to hold a conference
Boston Bank Conference is being held in Boston on February 26-27 with webcasted company presentations to begin on February 26 at 8 am; not all company presentations may be webcasted. Webcast Link
News For WBS;BOKF;BBCN;SBNY;CFR;SCBT;TCBI;SNV;EVER;PB;ONB From The Last 14 Days
Check below for free stories on WBS;BOKF;BBCN;SBNY;CFR;SCBT;TCBI;SNV;EVER;PB;ONB the last two weeks.
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September 24, 2014
10:14 EDTBOKFBOK Financial to host investor day
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09:59 EDTONBOn The Fly: Analyst Upgrade Summary
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09:20 EDTONBOld National Bancorp upgraded at Sterne Agee
As noted earlier, Sterne Agee upgraded Old National Bancorp to Buy from Neutral. The firm says that investors' focus is shifting to the company's organic growth and operating leverage after it carried out several deals. Sterne notes that the company's valuation is well below that of its peers.
07:37 EDTONBOld National Bancorp upgraded to Buy from Neutral at Sterne Agee
September 23, 2014
10:33 EDTWBSWebster Financial to acquire HSA business from JPMorgan
Webster Financial (WBS), the holding company for Webster Bank, N.A., said that it had signed a definitive agreement to acquire the health savings account, or HSA, business from JPMorgan Chase Bank, N.A., a subsidiary of JPMorgan Chase (JPM). Under the agreement, approximately 700,000 accounts, including an estimated $1.3B in deposits and $175M in investments, will migrate from JPMorgan Chase Bank to HSA Bank, a division of Webster Bank, over a transitional period. In the near term, Webster will use approximately 60% of the deposits to pay down short-term borrowings with the remaining funds invested in securities. Transaction consideration will be all cash; the purchase price was not disclosed. Webster expects the transaction to be modestly accretive to earnings per share and return on equity in the first year following closing. The transaction is expected to improve Webster's loan-to-deposit ratio to approximately 80% from 87% pro forma at June 30. The company estimates the transaction will have tangible book value dilution of approximately 3%. JPMorgan Chase has advised Webster that the transaction is not expected to have a material impact on JPMorgan Chase's earnings.
10:02 EDTWBS, EVEROn The Fly: Analyst Initiation Summary
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09:25 EDTWBSWebster Financial trading halted, pending news
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08:03 EDTONBCFA Society of Indianapolis to hold a conference
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September 22, 2014
18:28 EDTWBSWebster Financial initiated with an Outperform at Wells Fargo
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18:27 EDTEVEREverBank Financial initiated with an Outperform at Wells Fargo
Price target range $21-$23.
16:37 EDTSBNYSignature Bank resumed with a Market Perform at Wells Fargo
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September 19, 2014
10:06 EDTPBOn The Fly: Analyst Downgrade Summary
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10:06 EDTSNV, TCBIOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: American Eagle (AEO) upgraded to Buy from Neutral at Goldman... Concur (CNQR) upgraded to Neutral from Sell at Goldman... Continental Resources (CLR) upgraded to Buy from Neutral at Global Hunter... Deutsche Telekom (DTEGY) upgraded to Buy from Neutral at Citigroup... DuPont (DD) upgraded to Buy from Hold at BGC Financial... First Horizon (FHN) upgraded to Outperform from Market Perform at Raymond James... Francesca's (FRAN) upgraded to Buy from Neutral at Buckingham... Guess (GES) upgraded to Neutral from Underperform at Buckingham... National CineMedia (NCMI) upgraded to Outperform from Market Perform at FBR Capital... Patterson-UTI Energy (PTEN) upgraded to Overweight from Equalweight at Capital One... SABMiller (SBMRY) upgraded to Neutral from Reduce at Nomura... Synovus (SNV) upgraded to Strong Buy from Outperform at Raymond James... Texas Capital (TCBI) upgraded to Buy from Hold at Wunderlich... VF Corp. (VFC) upgraded to Buy from Hold at KeyBanc... Zions Bancorp (ZION) upgraded to Strong Buy from Outperform at Raymond James.
08:25 EDTPBProsperity Bancshares downgraded to Underperform from Market Perform at Raymond James
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08:25 EDTSNVSynovus upgraded to Strong Buy from Outperform at Raymond James
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08:24 EDTTCBITexas Capital upgraded to Strong Buy from Market Perform at Raymond James
Raymond James upgraded Texas Capital as it expects shares to benefit from rising interest rates. Price target is $68.
06:12 EDTTCBITexas Capital upgraded to Buy from Hold at Wunderlich
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September 17, 2014
07:28 EDTTCBIStephens to hold a forum
4th Annual Bank CEO Forum to be held in Little Rock, Arkansas on September 17-18.
September 16, 2014
07:43 EDTONBRBC Capital to hold a conference
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