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Stock Market & Financial Investment News

News Breaks
June 24, 2014
08:30 EDTZION, PNC, AEA, CSH, FCFS, EZPW, DLLRDOJ pushing on with payment-processing probe despite critics, WSJ says
Attorney General Eric Holder said he will bring more cases against banks and payment-processing companies as part of the "Operation Choke Point" probe that has been opposed by political critics and a group representing short-term lenders, said The Wall Street Journal. A previously disclosed DOJ memo showed the agency has opened civil investigations into 10 banks and payment processors as part of "Operation Choke Point," and some banks, including Zions Bancorp (ZION) and PNC Financial (PNC), have disclosed they are subject to the probe in regulatory filings, the report said. Advance America (AEA) and the Community Financial Services Association of America, a trade group representing short-term lenders, filed a lawsuit against bank regulators, alleging that a federal crackdown on their industry represents an abuse of the government's authority. Other publicly traded payday lenders include Cash America (CSH), First Cash Financial (FCFS), EZCORP (EZPW), and DFC Global (DLLR), though the Journal's story did not mention any of these companies by name. Reference Link
News For ZION;PNC;AEA;CSH;FCFS;EZPW;DLLR From The Last 14 Days
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October 20, 2014
16:13 EDTZIONZions Bancorp reports Q3 EPS 40c, consensus 44c
The estimated Tier 1 common equity ratio increased to 11.88% at September 30. Net loans and leases held for investment increased $110M to $39.7B. The allowance for credit losses was $690M. Tangible book value per share for Q3 was $26.00.
15:30 EDTZIONNotable companies reporting after market close
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12:24 EDTEZPWEZCORP recommended as long idea by Nikolayevsky, Bloomberg says
Bloomberg cites comments made by Anna Nikolayevsky of Axel Capital Management at the Robin Hood Conference.
06:40 EDTPNCPNC Financial downgraded to Hold from Buy at Deutsche Bank
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October 17, 2014
09:06 EDTPNCJPMorgan and PNC Financial weakness a buying opportunity, say Morgan Stanley
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October 16, 2014
06:20 EDTFCFSFirst Cash Financial sees FY14 EPS in low end of $3.00-$3.15, consensus $3.00
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06:05 EDTFCFSFirst Cash Financial reports Q3 EPS 68c, consensus 68c
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October 15, 2014
11:04 EDTPNCPNC Financial sees reserve releases continuing, but not likely at current level
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10:30 EDTPNCPNC Financial says U.S. economy feels 'very strong,' 'resilient'
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10:20 EDTPNCPNC Financial sees 'challenging' revenue environment until rates rise
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07:55 EDTPNCPNC Financial sees Q4 net interest income down modestly vs. Q3
Sees modest growth in loans in Q4 vs. Q3. Sees "stable" fee income in Q4 vs. Q3. Sees Q4 noninterest expense up low single digits vs. Q3. Sees Q4 loan loss provision $25M-$75M. Comments from slides that will be presented on the Q3 earnings conference call.
06:47 EDTPNCPNC Financial reports Q3 retail banking net interest income $985M
Retail Banking earnings for Q3 decreased compared with Q2 and increased compared with 3Q13. Noninterest income included strong customer-related fee income growth in both comparisons primarily resulting from changes in product offerings and increases in customer-initiated transactions. Noninterest income also reflected gains on sales of Visa Class B common shares of $57M in Q3, $54M in Q2 and $85M in 3Q13. Provision for credit losses increased compared with the linked quarter as credit quality improved at a slower pace in Q3 compared with Q2. The provision decreased compared with 3Q13 driven by improved credit quality in the consumer and commercial loan portfolios as net charge-offs and delinquencies declined.
06:43 EDTPNCPNC Financial reports Q3 EPS $1.79, consensus $1.71
Reports Q3 revenue $3.84B, consensus $3.8B. Reports Q3 Basel III Tier 1 capital ratio 10.1%. Reports Q3 book value per share $76.71. Reports Q3 net charge offs 0.16%. PNC continued to execute on its strategic priorities as reflected in the results for the third quarter which included strong fee income, well-controlled expenses and overall credit quality improvement. Net interest income of $2.1B in Q3 decreased $25M, or 1%, compared with Q2 due to lower earning asset yields, lower investment securities balances and the impact of increasing the company's liquidity position.
October 14, 2014
15:40 EDTPNCPNC Financial October 82 straddle priced for 3% move into Q3
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15:29 EDTPNCNotable companies reporting before tomorrow's open
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October 13, 2014
08:45 EDTPNCPNC Financial October volatility elevated into Q3 and outlook
PNC Financial October call option implied volatility is at 33, November is at 23, January is at 19; compared to its 26-week average of 18 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on October 16.
October 8, 2014
10:00 EDTCSHOn The Fly: Analyst Initiation Summary
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07:18 EDTCSHCash America initiated with a Neutral at Macquarie
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October 6, 2014
18:31 EDTEZPWOn The Fly: After Hours Movers
UP AFTER EARNINGS: CalAmp (CAMP), up 6.1% after reporting second quarter results, third quarter and fiscal 2015 guidance. ALSO HIGHER: Rex Energy (REXX), up 2.9% following replacement of GT Advanced (GTAT) in S&P 600. DOWN AFTER EARNINGS: Container Store (TCS), down 11.9% after cutting fiscal 2014 outlook. ALSO LOWER: EZCORP (EZPW), down 11.1% after announcing that the company expects fourth quarter results below previously issued guidance range... BreitBurn Energy (BBEP), down 3.4% after filing to sell 14M common units representing limited partners... Zillow (Z), down just under 1% after reporting 82.81M monthly unique users in September.
17:46 EDTEZPWEZCORP sees Q4 results below previous issued guidance range
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