New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 17, 2014
06:32 EDTSTT, MS, AXP, JPM, GS, WFCU.S. banks' $75B payout on the line in fed tests, Bloomberg says
The largest U.S. banks are about to learn whether they can pay out more than $75B in excess capital to investors as the Federal Reserve finishes stress tests of their ability to overcome new economic catastrophes, reported Bloomberg. Wells Fargo (WFC) and JPMorgan (JPM) would lead a 69% rise in dividends and stock buybacks over the next year after the central bank releases results of its yearly tests. The tests also cover the largest regional banks and security firms including Goldman Sachs (GS), Morgan Stanley (MS), credit card issuers such as American Express (AXP) and custodial banks such as State Street (STT). Reference Link
News For WFC;JPM;MS;GS;AXP;STT 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 | >>
March 19, 2015
07:04 EDTAXPAmerican Express confirms plans to launch Plenti loyalty program
Subscribe for More Information
06:42 EDTGSAllianz hedges stake in China Pacific Insurance, Reuters says
Subscribe for More Information
06:06 EDTGSSunrun powers up for IPO later this year, WSJ reports
Sunrun, a solar-energy company, is said to be working with Credit Suisse (CS) and Goldman Sachs (GS) on a potential IPO for later this year, sources tell The Wall Street Journal, which adds that the company was valued at $1.3B as of March 2014. Other solar companies that have gone public in recent years include residential solar installers like Vivint Solar (VSLR), backed by Blackstone (BX), and SolarCity (SCTY), backed by Tesla's (TSLA) Elon Musk. Reference Link
March 18, 2015
08:25 EDTJPMSamson near deal for covenant breach waiver, NY Post says
Subscribe for More Information
07:44 EDTJPMJPMorgan to purchase $45B of mortage service rights from Ocwen, NY Post says
Subscribe for More Information
07:27 EDTGSFreeport seeks funding from Blackstone, Apollo, Reuters says
Freeport McMoRan (FCX) has hired Goldman Sachs (GS) and Barclays (BCS) to find private equity firms willing to finance certain of its energy projects and asset developments, reports Reuters, citing people familiar with the matter. Freeport is in talks with Blackstone (BX), Apollo (APO), and Warburg Pincus about a potential partnership. The sources say the firm may be seeking "several billion dollars," though discussions are in "very early" stages. Reference Link
06:16 EDTAXPAmerican Express to launch Plenti loyalty program this spring, WSJ reports
Subscribe for More Information
06:09 EDTGSGoldman Sachs prices 6M shares of specialty lending arm, WSJ reports
According to a source, late yesterday, Goldman Sachs priced 6M shares of Goldman Sachs BDC, its specialty lending arm, at $20 per share with the shares set to begin trading today, The Wall Street Journal reports. Shares of Goldman Sachs BDC will trade under the ticker symbol "GSBD." Reference Link
March 17, 2015
16:41 EDTJPMJPMorgan formally authorizes $6.4B equity repurchase program
Subscribe for More Information
14:37 EDTJPMCiti, Barclays near $800M settelement of forex suit, WSJ says
Subscribe for More Information
13:10 EDTJPMJPMorgan could acquire Ocwen's Fannie MSR portfolio, IMF reports
Subscribe for More Information
10:00 EDTSTTOn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:37 EDTSTTState Street upgraded at Bernstein
Subscribe for More Information
07:32 EDTSTTState Street upgraded to Market Perform from Underperform at Bernstein
Subscribe for More Information
05:34 EDTJPMJPMorgan providing financial advice to UK government to fight dementia
Subscribe for More Information
March 16, 2015
13:05 EDTMSMorgan Stanley's quarter not shaping up to be strong one, says Rafferty Capital
Rafferty Capital's Dick Bove said Morgan Stanley's current quarter is not shaping up to be a strong one. Bove said industry trade data from the NY Federal Reserve Bank is not that encouraging with fall offs in numbers in key categories. The analyst believes trading is flat to down overall in the quarter and investment banking its not fairing much better. Bove still views Morgan Stanley among his top picks for 2015 despite near-term issues.
12:33 EDTMSMorgan Stanley may be challenged in quarter, says Rafferty Capital
Subscribe for More Information
12:01 EDTAXPAmerican Express reports February net write-off rate 1.5% vs. 1.4% last month
Reports February 30 days past due loans 1.0% vs. 1.0% last month.
08:28 EDTJPMJPMorgan reports February net credit losses 2.42% vs. 2.53% last month
Reports February delinquency rate 1.35% vs. 1.34% last month.
06:20 EDTJPMU.S.poised to charge JPMorgan hacking suspects, NY Times says
U.S. authorities probing last summer's cyberattack on JPMorgan are increasingly confident that they will be able to file criminal charges against perpetrators of the attack in coming months, according to The New York Times, which cited unnamed sources who have been briefed on the investigation. Several of the suspects are located in countries with whom the U.S. has extradition treaties, the newspaper explained. Reference Link
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