New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News For WFC;AXP;BBY;INFY;UPIP;ERIC;JCP;ARQL;BV From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
<< 1 | 2 | 3 | all recent news | >>
April 1, 2015
12:41 EDTWFCWells Fargo April volatility elevated into Q1 and outlook
Wells Fargo April call option implied volatility is at 19, May and June is at 15; compared to its 26-week average of 17 according to Track Data, suggesting large near term price movement in the expected release of Q1 results on April 14.
March 31, 2015
16:33 EDTJCPJPMorgan ups J.C. Penney price target after seeing management
After meetings with J.C. Penney management, JPMorgan raised its price target for the retailer to $10 from $8. The firm says Penny management expressed confidence in the company’s ability to reach its 2017 EBITDA target of $1.2B. JPMorgan notes that management sees "multiple ways" to achieve the target, even if sales do not grow. More near-term, the firm points out its work suggests Penny will post in-line or better Q1 results despite port issues and inconsistent weather. Nevertheless, the firm keeps a Neutral rating on the retailer. Shares of Penny closed the trading day up 58c to $8.41 after Piper Jaffray this morning upped its price target for shares to $14.
15:13 EDTWFCWells Fargo approved to use advanced approaches for capital requirements
Wells Fargo announced the Federal Reserve Board and the Office of the Comptroller of the Currency have permitted it and its national subsidiary banks to begin using the “advanced approaches” capital framework to determine risk-based capital requirements starting in Q2. Additionally, the company noted that the approval did not include stipulations requiring Wells Fargo to increase its current estimated advanced approach risk-weighted assets, or RWA.
08:29 EDTWFCDOJ examining dealership loans to minority auto buyers, NY Times says
Subscribe for More Information
06:42 EDTJCPJ.C. Penney Q1 comp estimate, price target raised at Piper Jaffray
Piper Jaffray believes warmer weather versus last year and greater mall traffic from Apple (AAPL) Watch interest will drive positive Q1 momentum for J.C. Penney (JCP). Piper raised its comp estimate for Q1 to up 3% from up 1% and its price target for shares to $14 from $13. The firm keeps an Overweight rating on J.C. Penney.
March 30, 2015
16:46 EDTWFCEastern Company retains Wells Fargo Securities to assist in strategic review
Subscribe for More Information
08:01 EDTBBYBest Buy Canada changes could be quite profitable in long-term, says RBC Capital
After Best Buy announced major changes to its Canada business, RBC Capital says that the changes could more than double the company's international EBIT. The firm continues to recommend buying Best Buy's stock.
07:44 EDTWFCBasel 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
07:28 EDTWFCPalo Alto Networks to hold a security conference
Ignite 2015 is being held in Las Vegas on March 30-April 1.
March 29, 2015
20:18 EDTBBYBest Buy sees FY16 EPS lower by 10c-20c due to Canada consolidation
Best Buy Canada, a subsidiary of Best Buy– which owns and operates both Best Buy and Future Shop stores – announced earlier that it is consolidating the Future Shop and Best Buy stores and websites under the Best Buy brand. The company also expects its GAAP and non-GAAP diluted earnings per share to be negatively impacted in FY16 in the range of 10c to 20c due primarily to a temporary increase in operational expenses associated with consolidation activities and store disruptions resulting from our investments to support the Best Buy multi-channel customer experience. Due to the transitional nature of the majority of these costs, the company does not expect this negative EPS impact to continue into future years. Consensus for Best Buy's FY16 EPS is currently $2.56 per share.
18:02 EDTWFCECB 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
13:19 EDTBBYBest Buy Canada announces consolidation of Future Shop and Best Buy stores
Subscribe for More Information
March 26, 2015
11:31 EDTERICNeuStar reaffirms outlook, announces buyback after FCC vote
Subscribe for More Information
11:25 EDTERICNeuStar responds to FCC action regarding local number portability administrator
Subscribe for More Information
11:06 EDTERICFCC votes unanimously to end portability contract with NeuStar
NeuStar (NSR) was expected to loss the Number Portability Administration Center vendor contract with the FCC to Ericsson's (ERIC) Telcordia unit after the Wireline Competition Bureau earlier this morning provided a draft order to the agency to initiate contract negotiations with Telcordia. The FCC voted today to move forward with Ericsson.
09:02 EDTBBYSamsung Galaxy S6, S6 edge to be available in U.S. beginning April 10
Samsung Electronics America (SSNLF) announced the Galaxy S 6 and Galaxy S 6 edge will be available in the U.S. beginning April 10, with pre-orders starting March 27. In the U.S., the Galaxy S 6 and Galaxy S 6 edge will be available in Black Sapphire, White Pearl and Gold Platinum -- in 32GB, 64GB and 128GB2 memory options. AT&T (T), Sprint (S), T-Mobile (TMUS), U.S. Cellular (USM) and Verizon Wireless (VZ) will carry both the Galaxy S 6 and Galaxy S 6 edge, while Boost Mobile, Cricket Wireless and MetroPCS will carry the Galaxy S 6. Samsung Experience Shops at Best Buy (BBY), as well as Amazon.com (AMZN), Costco Wholesale (COST), Sam’s Club (WMT), Target (TGT) and Walmart will also carry the Galaxy S 6 and Galaxy S 6 edge. Carriers and retailers will confirm specific pricing and availability.
08:17 EDTWFCSEC 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
07:30 EDTAXPAmerican Express analyst day reduced uncertainty, says Deutsche Bank
Subscribe for More Information
06:11 EDTWFCWells Fargo to close Milwaukee office, cut 1,000 jobs, AP reports
Wells Fargo will eliminate about 1,000 jobs in Milwaukee as the bank closes its home lending servicing office in the city, The Associated Press reports. The bank said in an emailed statements that fewer customers have become delinquent on their payments as the economy has improved, and fewer customers have needed assistance to stay in their homes. Reference Link
06:01 EDTBBYBest Buy implied volatility of 27 at lower end of index mean range
March 25, 2015
16:47 EDTAXPAmerican Express says co-brand deal with British Airways renewed
Subscribe for More Information
16:42 EDTAXPAmerican Express says confident in 25% target for ROE
16:20 EDTAXPAmerican Express sees Q1 growth modestly better than full year growth view
Subscribe for More Information
15:47 EDTAXPAmerican Express CFO says pleased with results of Fed CCAR review
Subscribe for More Information
15:17 EDTAXPAmerican Express targets 2015 operating expense growth of below 3%
Subscribe for More Information
14:25 EDTAXPAmerican Express sees returning to positive EPS growth in FY16
Subscribe for More Information
14:24 EDTAXPAmerican Express repeats view for FY15 EPS to likely be flat to down modestly
Subscribe for More Information
14:18 EDTAXPAmerican Express CEO says committed to long-term 8%+ revenue growth target
American Express, on average and over time, has financial targets for revenue growth of 8%+, though it will not see that level of revenue growth over short-term, said CEO Ken Chenault during the company's investor day meeting. On average and over time, American Express sees EPS growth of 12%-15% and ROE growth of 25%+.
14:00 EDTAXPAmerican Express CEO says 'numbers didn't add up' with Costco
Subscribe for More Information
13:56 EDTAXPAmerican Express says remedies filed with court in suit with DOJ
Subscribe for More Information
13:53 EDTAXPAmerican Express says Bluebird, Serve load volume up 300%+ from 2012-2014
American Express said the increase in platform load and merchant spend for Bluebird and Serve are both up 300%+ from 2012 to 2014, albeit off a small base. Comments from American Express investor day presentation.
07:54 EDTAXPAmerican Express March weekly volatility elevated into investor day
Subscribe for More Information
06:05 EDTBBYBest Buy implied volatility of 26 at lower end of index mean range
Subscribe for More Information
March 24, 2015
08:17 EDTAXPAmerican Express to benefit from increased spend, says Morgan Stanley
Subscribe for More Information
07:45 EDTWFCMetLife CEO letter may be early sign of bank earnings headwinds, WSJ says
Subscribe for More Information
07:27 EDTBBY, WFCTelsey Advisory to hold a conference
2015 Consumer Conference is being held in New York on March 24-25.
March 23, 2015
12:31 EDTAXPFly Watch: American Express analyst day seen as possible catalyst
Subscribe for More Information
07:19 EDTWFCCapital Link to hold a forum
Subscribe for More Information
March 22, 2015
11:26 EDTAXPAmerican Express to host investor day
Subscribe for More Information
March 20, 2015
16:28 EDTBVDiscovery Group reports 5.5% stake in Bazaarvoice
Subscribe for More Information
10:00 EDTERICOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded at Stifel... American Capital Mortgage (MTGE) downgraded to Hold from Buy at Wunderlich... Campus Crest (CCG) downgraded at RBC Capital... Care.com (CRCM) downgraded to Neutral from Overweight at JPMorgan... Electrolux AB (ELUXY) downgraded to Neutral from Overweight at JPMorgan... Ericsson (ERIC) downgraded to Equal Weight from Overweight at Morgan Stanley... Extreme Networks (EXTR) downgraded at Raymond James... PrivateBancorp (PVTB) downgraded to Market Perform from Outperform at BMO Capital... TD Ameritrade (AMTD) downgraded to Neutral from Buy at Goldman... Tableau (DATA) downgraded at Mizuho... Tech Data (TECD) downgraded to Hold from Buy at Needham... Tesoro (TSO) downgraded at Wells Fargo... Ultra Clean (UCTT) downgraded to Hold from Buy at Needham... Vince Holding (VNCE) downgraded to Neutral from Overweight at Piper Jaffray... Youku Tudou (YOKU) downgraded to Sell from Hold at Deutsche Bank.
09:01 EDTJCPJ.C. Penney says general counsel Janet Dhillon to leave company
J.C. Penney said in a filing that effective March 20, Janet Dhillon, Executive Vice President, General Counsel and Secretary, is leaving J. C. Penney Company.
06:24 EDTERICEricsson downgraded to Equal Weight from Overweight at Morgan Stanley
Subscribe for More Information
March 19, 2015
11:53 EDTWFCU.S. banks face headwinds in unloading oil loans, WSJ says
Subscribe for More Information
09:03 EDTAXPAmerican Express, Charles Schwab confirm co-brand relationship
Subscribe for More Information
08:14 EDTERICWorst case scenario unlikely for Ericsson in Apple lawsuit, says Bernstein
Noting that Apple (AAPL) and Ericsson (ERIC) are involved in patent litigation in which Apple has asked the court to limit Apple's royalty payments to Ericsson to the smallest saleable component containing Ericsson's technology, Bernstein says that Ericsson's IP revenue would be reduced to almost nothing if the court grants Apple's request. However, the firm does not believe that Apple's request has a good legal rationale, and it thinks that the court is "extremely unlikely" to grant it. As a result, the firm is "relaxed" about Ericsson's outlook. It keeps an Outperform rating on the shares.
07:28 EDTAXPAmerican Express, Charles Schwab reach co-brand agreement, Reuters says
American Express (AXP) stated Thursday it has reached a deal with Charles Schwab (SCHW) to offer cards under both company names, reports Reuters. The deal is a multi-year agreement and will involve two kinds of cards, though precise details will not be announced until near the expected launch date in early 2016. Reference Link
07:04 EDTAXPAmerican Express confirms plans to launch Plenti loyalty program
Subscribe for More Information
<< 1 | 2 | 3 | all recent news | >>

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use