Latest First Marblehead Corp (FMD) Headlines
Balanced View on Capital One - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Mar 07, 12:10PM CST
On Mar 5, 2014, we issued an updated research report on Capital One.
Navient: Much-Needed Push for Sallie Mae? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Feb 27, 3:30PM CST
SLM Corporation, also known as Sallie Mae, has coined a new name for its loan management and servicing company, Navient.
First Marblehead Announces Second Quarter Financial Results
Marketwire - Mon Feb 10, 6:00AM CST
The First Marblehead Corporation (NYSE: FMD) today announced its financial and operating results for the second quarter of fiscal 2014 as well as the six month period ended December 31, 2013.
First Marblehead to Release Second Quarter Fiscal 2014 Financial Results and Host Conference Call
Marketwire - Wed Feb 05, 11:00AM CST
The First Marblehead Corporation (NYSE: FMD) plans to release its second quarter fiscal year 2014 financial and operating results for the three and six month periods ended December 31, 2013 before the market opens on Monday, February 10, 2014. The Company will host a conference call at 8:00 a.m. Eastern time on Monday, February 10, 2014 to discuss its results and provide an update on the Company's business. First Marblehead's Chairman and Chief Executive Officer Daniel Meyers and Chief Financial Officer Ken Klipper will host the call.
Weakness Seen in First Cash Financial (FCFS): Stock Tanks 10.3% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Jan 29, 7:51AM CST
First Cash Financial Services Inc. (FCFS) saw a big move last session, as the company’s shares fell by more than 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for FCFS, as the stock is now down about 21% since Jan 7.
First Marblehead's Bank Subsidiary to Sell Approximately $53.9 Million of Private Student Loans to RBS Citizens Financial Group, Inc.
Marketwire - Thu Jan 23, 3:15PM CST
The First Marblehead Corporation (NYSE: FMD) today announced that it, along with its wholly owned subsidiary Union Federal Savings Bank ("Union Federal"), has entered into a loan purchase and sale agreement to sell approximately $47.4 million of fully disbursed private student loans outstanding as of December 31, 2013 plus accrued interest on the closing date to RBS Citizens, N.A., a subsidiary of RBS Citizens Financial Group, Inc. ("RBSCFG") to the extent that each loan continues to meet the eligible loan criteria established by the parties. In addition, by June 30, 2014, Union Federal will sell to RBSCFG, at the same price plus accrued interest, approximately $6.5 million of partially disbursed loans outstanding as of December 31, 2013 that meet the eligible loan criteria once they become fully disbursed. The transaction has customary representations and warranties and is subject to approval from Union Federal's banking regulators. When these transactions close, Union Federal Savings Bank will record a gain on the sale of these loans.
First Marblehead Regains Compliance With NYSE Listing Standards
Marketwire - Thu Jan 16, 3:46PM CST
The First Marblehead Corporation (NYSE: FMD) today confirmed that it has regained compliance with the New York Stock Exchange, Inc.'s ("NYSE") continued listing standards. On September 23, 2013, the Company received notification from NYSE Regulation, Inc. that it was not in compliance with one of the continued listing standards of the NYSE. The applicable listing standard requires an average closing price of not less than $1.00 per share over a consecutive 30 trading-day period. The Company received confirmation on January 15, 2014 that it had cured the deficiency by maintaining an average share price greater than $1.00 over the 30 trading days subsequent to December 3, 2013, the date that the Company implemented a one-for-ten reverse stock split.
4 Stocks Under $10 Making Big Moves
at The Street - Fri Dec 20, 7:53AM CST
When a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits.
First Marblehead Signs Portfolio Management Services Agreement With Vermont Student Assistance Authority
Marketwire - Wed Dec 18, 3:01PM CST
The First Marblehead Corporation (NYSE: FMD) today announced the signing of an agreement to perform credit and data analytics services and consulting services to the Vermont Student Assistance Corporation (VSAC).
Kass: More Remarkable Tales of Boca Biff
at The Street - Tue Dec 17, 5:00AM CST
Boca Biff does bitcoin.
First Marblehead Announces Reverse Stock Split
Marketwire - Mon Dec 02, 3:19PM CST
The First Marblehead Corporation (NYSE: FMD) today announced that it effected a 1-for-10 reverse stock split of its outstanding common stock, which will be effective for trading purposes as of the commencement of trading on December 3, 2013. As a result of the reverse stock split, every ten shares of the Company's Common Stock outstanding or held in the treasury of the Company immediately prior to the effectiveness of the reverse stock split were reclassified and combined into one share of the Company's Common Stock without any change in the par value per share.
Investors look to Lighten Up on Shares of First Marblehead, Shares Down 7.6% (FMD)
Comtex SmarTrend(R) - Wed Nov 13, 12:47PM CST
First Marblehead (NYSE:FMD) is one of today's worst performing penny stocks, down 7.6% to $0.76 on 1.2x average daily volume. Thus far today, First Marblehead has traded 529,000 shares, vs. average volume of 456,000 shares per day. The stock has underperformed the Dow (-7.3% to the Dow's 0.1%) and underperformed the S&P 500 (-7.3% to the S&P's 0.4%) during today's trading.
First Marblehead to Broadcast Annual Stockholders Meeting on November 12, 2013
Marketwire - Wed Nov 06, 8:06AM CST
The First Marblehead Corporation (NYSE: FMD) today announced that it plans to broadcast its annual meeting of stockholders at 10:00 a.m. Eastern time on Tuesday, November 12, 2013. The meeting will be held at 60 State Street, Boston, Massachusetts, 02109. Daniel Meyers, First Marblehead's Chairman and Chief Executive Officer, will provide his remarks on the company.
First Marblehead Announces First Quarter Financial Results
Marketwire - Tue Nov 05, 6:00AM CST
The First Marblehead Corporation (NYSE: FMD) today announced its financial and operating results for the first quarter of fiscal 2014.
First Marblehead to Release First Quarter Fiscal 2014 Financial Results and Host Conference Call
Marketwire - Thu Oct 31, 3:22PM CDT
The First Marblehead Corporation (NYSE: FMD) plans to release its first quarter fiscal year 2014 financial and operating results for the three-month period ended September 30, 2013 before the market opens on Tuesday, November 5, 2013. The Company will host a conference call at 8:00 a.m. Eastern time on Tuesday, November 5, 2013 to discuss its results and provide an update on the Company's business. First Marblehead's Chairman and Chief Executive Officer Daniel Meyers and Chief Financial Officer Ken Klipper will host the call.
The First Marblehead Corporation DEADLINE: Levi & Korsinsky, LLP Reminds Investors of Class Action Against The First Marblehead Corporation and October 28, 2013 Date to Seek Lead Plaintiff Position
PR Newswire - Fri Oct 25, 12:53PM CDT
Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the District of Massachusetts on behalf of investors who purchased The First Marblehead Corporation ("First Marblehead" or the "Company") (NYSE: FMD) securities between November 4, 2010 and August 15, 2013.
InPlay - SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action against The First Marblehead Corporation and Its Board of Directors and Deadline of October 28, 2013 to Seek Lead Plaintiff Position
Business Wire - Mon Oct 21, 4:22PM CDT
Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the District of Massachusetts on behalf of investors who purchased The First Marblehead Corporation ("First Marblehead" or the "Company") (NYSE:FMD) securities between November 4, 2010 and August 15, 2013.
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in First Marblehead Corp. of Class Action Lawsuit and Upcoming Deadline -- FMD
GlobeNewswire - Mon Oct 21, 8:55AM CDT
Pomerantz Grossman Hufford Dahlstrom & Gross LLP has filed a class action lawsuit against The First Marblehead Corp. ("First Marblehead" or the "Company") (NYSE:FMD) and certain of its officers. The class action, filed in United States District Court, District of Massachusetts, and docketed under 13-cv-12121-PBS, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of First Marblehead between November 4, 2010 and August 15, 2013 both dates inclusive (the "Class Period"). This class action seeks to recover damages against the Company and certain of its officers and directors as a result of alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
UPCOMING DEADLINE: Levi & Korsinsky, LLP Reminds Investors of Class Action Against The First Marblehead Corporation and Its Board of Directors and Deadline of October 28, 2013 to Seek Lead Plaintiff Position -- FMD
GlobeNewswire - Fri Oct 18, 12:00PM CDT
Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the District of Massachusetts on behalf of investors who purchased The First Marblehead Corporation ("First Marblehead" or the "Company") (NYSE:FMD) securities between November 4, 2010 and August 15, 2013.
Balanced View on Capital One - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Mar 07, 12:10PM CST
On Mar 5, 2014, we issued an updated research report on Capital One.
Navient: Much-Needed Push for Sallie Mae? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Feb 27, 3:30PM CST
SLM Corporation, also known as Sallie Mae, has coined a new name for its loan management and servicing company, Navient.
First Marblehead Announces Second Quarter Financial Results
Marketwire - Mon Feb 10, 6:00AM CST
The First Marblehead Corporation (NYSE: FMD) today announced its financial and operating results for the second quarter of fiscal 2014 as well as the six month period ended December 31, 2013.
First Marblehead to Release Second Quarter Fiscal 2014 Financial Results and Host Conference Call
Marketwire - Wed Feb 05, 11:00AM CST
The First Marblehead Corporation (NYSE: FMD) plans to release its second quarter fiscal year 2014 financial and operating results for the three and six month periods ended December 31, 2013 before the market opens on Monday, February 10, 2014. The Company will host a conference call at 8:00 a.m. Eastern time on Monday, February 10, 2014 to discuss its results and provide an update on the Company's business. First Marblehead's Chairman and Chief Executive Officer Daniel Meyers and Chief Financial Officer Ken Klipper will host the call.
Weakness Seen in First Cash Financial (FCFS): Stock Tanks 10.3% - Tale of the Tape
Zacks Equity Research - Zacks Investment Research - Wed Jan 29, 7:51AM CST
First Cash Financial Services Inc. (FCFS) saw a big move last session, as the company’s shares fell by more than 10% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for FCFS, as the stock is now down about 21% since Jan 7.
First Marblehead's Bank Subsidiary to Sell Approximately $53.9 Million of Private Student Loans to RBS Citizens Financial Group, Inc.
Marketwire - Thu Jan 23, 3:15PM CST
The First Marblehead Corporation (NYSE: FMD) today announced that it, along with its wholly owned subsidiary Union Federal Savings Bank ("Union Federal"), has entered into a loan purchase and sale agreement to sell approximately $47.4 million of fully disbursed private student loans outstanding as of December 31, 2013 plus accrued interest on the closing date to RBS Citizens, N.A., a subsidiary of RBS Citizens Financial Group, Inc. ("RBSCFG") to the extent that each loan continues to meet the eligible loan criteria established by the parties. In addition, by June 30, 2014, Union Federal will sell to RBSCFG, at the same price plus accrued interest, approximately $6.5 million of partially disbursed loans outstanding as of December 31, 2013 that meet the eligible loan criteria once they become fully disbursed. The transaction has customary representations and warranties and is subject to approval from Union Federal's banking regulators. When these transactions close, Union Federal Savings Bank will record a gain on the sale of these loans.
First Marblehead Regains Compliance With NYSE Listing Standards
Marketwire - Thu Jan 16, 3:46PM CST
The First Marblehead Corporation (NYSE: FMD) today confirmed that it has regained compliance with the New York Stock Exchange, Inc.'s ("NYSE") continued listing standards. On September 23, 2013, the Company received notification from NYSE Regulation, Inc. that it was not in compliance with one of the continued listing standards of the NYSE. The applicable listing standard requires an average closing price of not less than $1.00 per share over a consecutive 30 trading-day period. The Company received confirmation on January 15, 2014 that it had cured the deficiency by maintaining an average share price greater than $1.00 over the 30 trading days subsequent to December 3, 2013, the date that the Company implemented a one-for-ten reverse stock split.
4 Stocks Under $10 Making Big Moves
at The Street - Fri Dec 20, 7:53AM CST
When a stock makes a large-percentage move, it is often just the start of a new major trend -- a trend that can lead to huge profits.
First Marblehead Signs Portfolio Management Services Agreement With Vermont Student Assistance Authority
Marketwire - Wed Dec 18, 3:01PM CST
The First Marblehead Corporation (NYSE: FMD) today announced the signing of an agreement to perform credit and data analytics services and consulting services to the Vermont Student Assistance Corporation (VSAC).
Kass: More Remarkable Tales of Boca Biff
at The Street - Tue Dec 17, 5:00AM CST
Boca Biff does bitcoin.
First Marblehead Announces Reverse Stock Split
Marketwire - Mon Dec 02, 3:19PM CST
The First Marblehead Corporation (NYSE: FMD) today announced that it effected a 1-for-10 reverse stock split of its outstanding common stock, which will be effective for trading purposes as of the commencement of trading on December 3, 2013. As a result of the reverse stock split, every ten shares of the Company's Common Stock outstanding or held in the treasury of the Company immediately prior to the effectiveness of the reverse stock split were reclassified and combined into one share of the Company's Common Stock without any change in the par value per share.
Investors look to Lighten Up on Shares of First Marblehead, Shares Down 7.6% (FMD)
Comtex SmarTrend(R) - Wed Nov 13, 12:47PM CST
First Marblehead (NYSE:FMD) is one of today's worst performing penny stocks, down 7.6% to $0.76 on 1.2x average daily volume. Thus far today, First Marblehead has traded 529,000 shares, vs. average volume of 456,000 shares per day. The stock has underperformed the Dow (-7.3% to the Dow's 0.1%) and underperformed the S&P 500 (-7.3% to the S&P's 0.4%) during today's trading.
First Marblehead to Broadcast Annual Stockholders Meeting on November 12, 2013
Marketwire - Wed Nov 06, 8:06AM CST
The First Marblehead Corporation (NYSE: FMD) today announced that it plans to broadcast its annual meeting of stockholders at 10:00 a.m. Eastern time on Tuesday, November 12, 2013. The meeting will be held at 60 State Street, Boston, Massachusetts, 02109. Daniel Meyers, First Marblehead's Chairman and Chief Executive Officer, will provide his remarks on the company.
First Marblehead Announces First Quarter Financial Results
Marketwire - Tue Nov 05, 6:00AM CST
The First Marblehead Corporation (NYSE: FMD) today announced its financial and operating results for the first quarter of fiscal 2014.
First Marblehead to Release First Quarter Fiscal 2014 Financial Results and Host Conference Call
Marketwire - Thu Oct 31, 3:22PM CDT
The First Marblehead Corporation (NYSE: FMD) plans to release its first quarter fiscal year 2014 financial and operating results for the three-month period ended September 30, 2013 before the market opens on Tuesday, November 5, 2013. The Company will host a conference call at 8:00 a.m. Eastern time on Tuesday, November 5, 2013 to discuss its results and provide an update on the Company's business. First Marblehead's Chairman and Chief Executive Officer Daniel Meyers and Chief Financial Officer Ken Klipper will host the call.
The First Marblehead Corporation DEADLINE: Levi & Korsinsky, LLP Reminds Investors of Class Action Against The First Marblehead Corporation and October 28, 2013 Date to Seek Lead Plaintiff Position
PR Newswire - Fri Oct 25, 12:53PM CDT
Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the District of Massachusetts on behalf of investors who purchased The First Marblehead Corporation ("First Marblehead" or the "Company") (NYSE: FMD) securities between November 4, 2010 and August 15, 2013.
InPlay - SHAREHOLDER ALERT: Levi & Korsinsky, LLP Reminds Investors of Class Action against The First Marblehead Corporation and Its Board of Directors and Deadline of October 28, 2013 to Seek Lead Plaintiff Position
Business Wire - Mon Oct 21, 4:22PM CDT
Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the District of Massachusetts on behalf of investors who purchased The First Marblehead Corporation ("First Marblehead" or the "Company") (NYSE:FMD) securities between November 4, 2010 and August 15, 2013.
SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in First Marblehead Corp. of Class Action Lawsuit and Upcoming Deadline -- FMD
GlobeNewswire - Mon Oct 21, 8:55AM CDT
Pomerantz Grossman Hufford Dahlstrom & Gross LLP has filed a class action lawsuit against The First Marblehead Corp. ("First Marblehead" or the "Company") (NYSE:FMD) and certain of its officers. The class action, filed in United States District Court, District of Massachusetts, and docketed under 13-cv-12121-PBS, is on behalf of a class consisting of all persons or entities who purchased or otherwise acquired securities of First Marblehead between November 4, 2010 and August 15, 2013 both dates inclusive (the "Class Period"). This class action seeks to recover damages against the Company and certain of its officers and directors as a result of alleged violations of the federal securities laws pursuant to Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder.
UPCOMING DEADLINE: Levi & Korsinsky, LLP Reminds Investors of Class Action Against The First Marblehead Corporation and Its Board of Directors and Deadline of October 28, 2013 to Seek Lead Plaintiff Position -- FMD
GlobeNewswire - Fri Oct 18, 12:00PM CDT
Levi & Korsinsky announces that a class action lawsuit has been commenced in the USDC for the District of Massachusetts on behalf of investors who purchased The First Marblehead Corporation ("First Marblehead" or the "Company") (NYSE:FMD) securities between November 4, 2010 and August 15, 2013.
