New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 17, 2014
06:32 EDTWFC, JPM, MS, GS, AXP, STTU.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
Check below for free stories on WFC;JPM;MS;GS;AXP;STT the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
1 | 2 | 3 | all recent news | >>
September 10, 2014
08:14 EDTAXPVisa best positioned among card networks for Apple Pay, says Pacific Crest
Pacific Crest believes that Visa (V) is the best positioned to benefit from Apple Pay among credit card networks, as the firm notes that Visa cards were prominently displayed in the demonstrations, that accompanied the launch of the service. The firm thinks that Visa's technology leaves it well-positioned to play a critical role in fostering mobile payments with Apple and potentially others like Google (GOOGL). Pacific Crest adds that Apple Pay is also positive for MasterCard (MA) and American Express (AXP). It keeps an Outperform rating on Visa and Sector Perform ratings on MasterCard and American Express.
08:04 EDTWFCWells Fargo CFO says Apple Pay an 'interesting development'
Wells Fargo (WFC) CFO John Shrewsberry says the company is "happy to be a part" of the initial roll-out of Apple Pay (AAPL). Shrewsberry says Wells Fargo is focused on mobile and wants to support its customers in however they want to do business with the bank.
08:02 EDTAXPApple Pay positive for Visa, MasterCard and American Express, says BofA/Merrill
Subscribe for More Information
07:54 EDTWFCWells Fargo CFO says 'working hard' to return more capital to shareholders
Comments from Wells Fargo CFO John Shrewsberry speaking at the Barclays Global Financial Services conference.
07:29 EDTWFCWells Fargo sees Q3 mortgage originations in line with Q2
Wells Fargo said it expects Q3 mortgage originations to be in line with Q2, while gain on sale margin is expected to remain within the range of the last four quarters. The bank expects to operate within its targeted efficiency ratio range of 55%-59% in Q3.Wells Fargo said it continues to be well positioned relative to liquidity LCR standards and while there is potential for continued NIM pressure, the bank's focus remains on growing net interest income over time. Wells noted that it continues to expect future reserve releases absent significant deterioration in the economy, but expect a lower level of future releases as the rate of credit improvement slows and the loan portfolio continues to grow. Information from slides for CFO John Shrewsberry's presentation at the Barclays Global Financial Services conference.
07:16 EDTGS, JPM, MS, WFCRepublicans, Democrats both push for harder 'too big to fail' rules, WSJ says
Lawmakers from both the Republican and Democrat sides of the aisle urged U.S. regulators to push forward additional regulations to ensure the biggest banks aren't "too big to fail," said The Wall Street Journal. Publicly traded large U.S. banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
06:35 EDTWFC, MS, JPM, GSFed may raise capital requirement for some banks to 11.5%, NY Times reports
Subscribe for More Information
September 9, 2014
17:44 EDTWFCWells Fargo confirms Apple Pay available to customers
Subscribe for More Information
14:54 EDTJPM, AXP, WFCApple announces Apple Pay
Subscribe for More Information
13:47 EDTJPMJPMorgan CFO says Jamie Dimon 'feeling fine'
Subscribe for More Information
13:29 EDTJPMJPMorgan says core rate products continue to be challenged in Q3
Comment made at Barclays Global Financial Services Conference.
09:29 EDTSTTState Street says long-term goals include EPS growth of 10%-15%
Subscribe for More Information
08:45 EDTSTTState Street sees 3%-5% operating basis revenue growth for FY14 vs. FY13
Says outlook for 2014 is "positive." Sees 3%-5% operating basis revenue growth for FY14 vs. FY13. Expects to continue return of capital through dividends, repurchases. Says on track to deliver approximately $130M of incremental pre-tax expense savings in 2014 from Business Operations and Information Technology Transformation program. Says to achieve goal of annual operating leverage in 2014, will likely require improvement in market-driven revenue in 2H14. Says continuing to invest in growth initiatives. Comments from slides that will be presented at the Barclays Global Financial Services Conference.
07:29 EDTWFCUBM Canon to hold a summit
Subscribe for More Information
07:28 EDTAXP, MSThe Money Event, Inc to hold a conference
Subscribe for More Information
07:11 EDTWFCUBM Tech to hold a conference
Subscribe for More Information
06:33 EDTGS, WFC, JPM, MSFed looks set to pressure large banks to shrink, NY Times says
Subscribe for More Information
06:32 EDTWFC, JPMFed to require large US banks to have extra financial padding, WSJ reports
Subscribe for More Information
September 8, 2014
10:17 EDTAXPAmerican Express President says won't comment on press speculation on Apple
Subscribe for More Information
07:24 EDTWFC, JPM, MS, AXPBarclays to hold a conference
Global Financial Services Conference to be held in New York on September 8-10.
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