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Stock Market & Financial Investment News

News For C;BAC;USB;HBC;WFC From The Last 14 Days
Check below for free stories on C;BAC;USB;HBC;WFC the last two weeks.
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June 19, 2013
16:01 EDTCOptions Update; June 19, 2013
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15:05 EDTUSB, BAC, WFC, CBernanke says largest banks at or near compliant to Basel III rules
09:38 EDTCActive equity option families trading on open
Active equity option families trading on open according to Track Data: AAPL AMAT FDX MA C GOOG DISH AMRN MRK BIDU
June 18, 2013
16:00 EDTCOptions Update; June 18, 2013
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12:48 EDTUSBU.S. Bancorp raises quarterly dividend 18% to 23c per share
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10:01 EDTHBCOn The Fly: Analyst Upgrade Summary
Today's noteworthy upgrades include: Flir Systems (FLIR) upgraded to Strong Buy from Market Perform at Raymond James... HSBC (HBC) upgraded to Buy from Neutral at Citigroup... Motorcar Parts (MPAA) upgraded to Buy from Neutral at B. Riley... People's United (PBCT) upgraded to Overweight from Neutral at JPMorgan... Royal Dutch Shell (RDS.A) upgraded to Focus List from Outperform at Howard Weil... Statoil (STO) upgraded to Outperform from Sector Perform at Howard Weil... CommVault (CVLT) upgraded at Pacific Crest... Newfield Exploration (NFX) upgraded to Buy from Hold at Stifel.
07:29 EDTC, BACSecurities Industry and Financial Markets Association to host a conference
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05:43 EDTHBCHSBC upgraded to Buy from Neutral at Citigroup
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June 17, 2013
16:00 EDTCOptions Update; June 17, 2013
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14:27 EDTCCitigroup May net charge-offs 3.00% vs. 3.11% last month
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14:20 EDTCCriminal charges likely in Libor case, WSJ reports
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10:22 EDTBACBank of America reports May card write-offs 4.03% vs. 4.55% last month
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09:41 EDTHBCHSBC upgraded to Overweight from Equal Weight at Morgan Stanley
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07:31 EDTWFCDNV KEMA to host a forum
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07:13 EDTBACBank profits seen hurt by rising rates with no growth, Bloomberg reports
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07:10 EDTWFC, USBBig banks fight new rules for small loans, WSJ reports
Large banks are pushing back against regulators' plans to toughen rules on short-term, high-interest consumer loans. Wells Fargo, the largest bank to offer "deposit-advance loans," told regulators that it will discontinue the loans if plans for tougher rules are completed, reports the Wall Street Journal.Reference Link
06:14 EDTWFC, BACOn the Fly: Periodicals Wrap-Up
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June 14, 2013
10:10 EDTWFCOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: American Express (AXP) downgraded to Equal Weight from Overweight at Barclays... AngloGold (AU) downgraded to Sell from Neutral at UBS... DuPont (DD) downgraded to Neutral from Buy at BofA/Merrill... Myriad Genetics (MYGN) downgraded to Neutral from Buy at BofA/Merrill... Progress Software (PRGS) downgraded to Hold from Buy at Needham... Rubicon (RBCN) downgraded to Sell from Neutral at Goldman... Southern Company (SO) downgraded to Hold from Buy at Jefferies... SunTrust (STI) downgraded to Neutral from Buy at UBS... Wells Fargo (WFC) downgraded to Neutral from Buy at Sterne Agee... FIS (FIS) downgraded to Neutral from Outperform at RW Baird... SM Energy (SM) downgraded to Hold from Buy at Societe Generale..Wells Fargo (WFC) downgraded at Sterne Agee.
07:57 EDTWFCWells Fargo downgraded at Sterne Agee
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06:30 EDTWFCWells Fargo downgraded to Neutral from Buy at Sterne Agee
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June 13, 2013
16:00 EDTBACOptions Update; June 13, 2013
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09:37 EDTCActive equity option families trading on open
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07:05 EDTCCitigroup credit quality trends increase confidence, says Credit Suisse
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05:52 EDTCBank seizures of U.S. homes increased in May, Reuters reports
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June 12, 2013
16:02 EDTCOptions Update; June 12, 2013
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10:14 EDTUSB, WFCOn the Fly: Downgrade Summary
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08:49 EDTBACBabcock & Wilcox names Mark Carano Chief Corporate Development Officer
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08:20 EDTCCitigroup says to provide up to EUR200M trade financing to support Greece
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07:53 EDTHBCBarclays wants banking standards task force in U.K., FT reports
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06:41 EDTC, BACFirm says JPMorgan was top investment bank in Q1, Reuters reports
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06:21 EDTUSBU.S. Bancorp downgraded to Underweight from Neutral at Atlantic Equities
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06:21 EDTWFCWells Fargo downgraded to Underweight from Neutral at Atlantic Equities
06:04 EDTBACCoty to price its IPO later today, WSJ reports
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05:58 EDTUSB, WFC, HBC, C, BACSome major banks get two year delay on swap rule, WSJ reports
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June 11, 2013
18:35 EDTBAC, HBC, USB, C, WFCBanks given extension to spin off swaps units, WSJ reports
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16:00 EDTBACOptions Update; June 11, 2013
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15:12 EDTUSBElavon, RGC Global Services announce strategic partnership
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10:25 EDTCCitigroup falls toward $50, downside leader among sector peers
The shares are down over 3.6% at time of writing to $50.01, near the break of the psychologically important $50 level. Earlier news reported by Bloomberg that the company could face a $7 billion dollar loss from currency swings may be weighing on the stock. Support below $50, which is a penny away from the 30-day moving average, is at $48.92, and then at $47.96, the 50-day moving average. Resistance is at $50.83.
08:46 EDTCCitigroup could face $7B currency loss, analyst says, Bloomberg reports
Citigroup (C) could lose about $7B on currency swings if Charles Peabody at Portales Partners is correct, although the analyst is at odds with peers who say the stock will be the best performer among big U.S. banks in the year ahead, reports Bloomberg. Peabody is among only four analysts out of 34 tracked by Bloomberg who recommend investors sell Citigroup shares. Reference Link
07:33 EDTBACBank of America may still put Countrywide into bankruptcy, Reuters reports
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07:30 EDTWFC, BAC, USBMorgan Stanley to host a conference
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07:25 EDTCInternational Economic Forum of the Americas to host a forum
19th Conference of Montreal is being held in Montreal, Canada on June 10-13.
07:19 EDTCCitigroup EPS can increase about 45% over next two years, says Bernstein
Bernstein believes that Citigroup's adjusted EPS can jump about 45% over the next two years, driven by lower credit costs and positive operating leverage,. The firm thinks the company can meet or exceed cost reductions reflected in consensus estimates and it keeps an Outperform rating on the stock.
June 10, 2013
16:21 EDTBACFifth Third Bancorp names Frank Forrest as Chief Risk and Credit Officer
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16:01 EDTCOptions Update; June 10, 2013
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16:01 EDTCOptions Update; June 10, 2013
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11:52 EDTBACTelefonica seeks bids for Irish unit during June, Bloomberg says
Telefonica (TEF) is said to be seeking offers for its Irish unit, 02, within this month, reported Bloomberg, citing two people with information on the matter. The sale process is being run by Bank of America (BAC) and Hutchison Whampoa, Eircom Group and Liberty Global’s (LBTYA) UPC Ireland were among those that received sale information, one source said. Reference Link
10:00 EDTBACBank of America Merrill Lynch expands transaction services in Canada
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07:11 EDTCNational Investor Relations Institute to host conference
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June 7, 2013
16:14 EDTWFCFormer Wells Fargo unit reaches agreement with Fed on mortgage loans
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10:11 EDTBAC, COn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: ARM Holdings (ARMH) initiated with a Hold at Topeka... American Software (AMSWA) initiated with a Buy at B. Riley... Amkor Technology (AMKR) initiated with a Buy at Topeka... Applied Micro Circuits (AMCC) initiated with a Hold at Topeka... Bank of America (BAC) initiated with an Underperform at Macquarie... Boulder Brands (BDBD) initiated with an Outperform at Imperial Capital... Broadcom (BRCM) initiated with a Buy at Topeka... Cadence Design (CDNS) initiated with a Buy at Topeka... Citigroup (C) initiated with an Outperform at Macquarie... Consolidated Water (CWCO) initiated with a Buy at Roth Capital... Cornerstone OnDemand (CSOD) initiated with an Equal Weight at Stephens... Crosstex Energy LP (XTEX) initiated with a Buy at Citigroup... Demandware (DWRE) initiated with an Overweight at Stephens... Freescale (FSL) initiated with a Buy at Topeka... Garmin (GRMN) initiated with an Outperform at Raymond James... Goldman Sachs (GS) coverage resumed with a Neutral at Macquarie... Mellanox (MLNX) initiated with a Hold at Topeka... Morgan Stanley (MS) initiated with an Outperform at Macquarie... Myriad Genetics (MYGN) initiated with a Buy at Cantor... NXP Semiconductors (NXPI) initiated with a Buy at Topeka... Piedmont Natural Gas (PNY) initiated with a Hold at BB&T... Platinum Group (PLG) initiated with an Outperform at BMO Capital... Qualcomm (QCOM) initiated with a Hold at Topeka... Rambus (RMBS) initiated with a Buy at Topeka... Spreadtrum (SPRD) initiated with a Buy at Topeka... Steven Madden (SHOO) initiated with an Overweight at Piper Jaffray... Take-Two (TTWO) initiated with a Buy at Stifel... Wolverine World Wide (WWW) initiated with a Neutral at Piper Jaffray.
08:17 EDTBACPIMCO supports BofA's $8.5B mortgage settledment, Bloomberg reports
Bank of America's (BAC) $8.5B mortgage-bond settlement is “outstanding” for investors, says Kent Smith, an executive VP at Pimco who helped negotiate the agreement, and who testified in a trial over the agreement, reports Bloomberg. The settlement was reached after an investor group that included Pimco and BlackRock (BLK) at first demanded $12B. The accord resolves claims from Countrywide Financial mortgage-bond investors over loans bundled into securities. AIG (AIG) is fighting the settlement, saying Bank of America isn’t paying enough to compensate investors. Reference Link
06:43 EDTCCitigroup initiated with an Outperform at Macquarie
Target $62.
06:43 EDTBACBank of America initiated with an Underperform at Macquarie
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06:09 EDTBACTop rated BofA Merrill analyst Nakanishi to leave firm, Bloomberg reports
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June 6, 2013
16:01 EDTC, BACOptions Update; June 6, 2013
CBOE Volatility Index VIX down 72c to 16.78. Option volume leaders: AAPL TSLA GOOG C MRK BAC according to Track Data.
14:13 EDTBACWalter Investment unit enters master repurchase agreement with Bank of America
Walter Investment Management (WAC) disclosed in a regulatory filing that on May 31 its wholly owned indirect subsidiary Green Tree Servicing entered into a Master Repurchase Agreement, or “Warehouse Agreement," with Bank of America. In addition, pursuant to the terms of their agreement, the company provided Bank of America with a guaranty in order to support Green Tree’s obligations under the agreement. The agreement provides for a maximum aggregate purchase price of $500M, $250,000 of which is provided by Bank of America on a committed basis, the filing stated.
12:06 EDTWFCWells Fargo settles foreclosure-upkeep case for $42M, WSJ says
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09:36 EDTCCitigroup slips lower after drop from BofA/Merrill U.S. 1 List
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09:19 EDTCCitigroup removed from U.S. 1 List at BofA/Merrill
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07:01 EDTWFCWells Fargo volatility increases as shares pullback
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06:57 EDTUSBU.S. Bancorp volatility flat, shares near 56-month high
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06:51 EDTBACBank of America volatility flat as shares pullback
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06:47 EDTCCitigroup volatility increases as shares pullback
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06:09 EDTWFCNAB seeks U.S. loan market tie-up with Wells Fargo, Reuters reports
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06:06 EDTBACCIT's Thain regrets selling Merrill Lynch to Bank of America, WSJ reports
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June 5, 2013
16:01 EDTC, BACOptions Update; June 5, 2013
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14:26 EDTUSBU.S. Bancorp unit sued over Peregrine funds, WSJ reports
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07:29 EDTWFCDeutsche Bank to host a conference
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07:11 EDTBACWall Street cools on natural gas, WSJ reports
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06:15 EDTCGoldman Sachs sucessful in Saudi property bond, Bloomberg reports
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06:09 EDTBACAIG says $8.5B settlement with BofA not big enough, Reuters reports
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06:03 EDTBACOn the Fly: Periodicals Wrap-Up
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