25 Banks Went to the Head of the Class This Week
Eric Volkman, The Motley Fool - Motley Fool - Fri Mar 28, 4:32PM CDT
In the banking sector, this week was dominated by Wednesday's release of the Comprehensive Capital Analysis and Review (CCAR, for those who want to conserve their oxygen). This was the second part of the Federal Reserve's stress tests for this year,...
Mercury Payment Systems Files S-1 Registration Statement for Initial Public Offering of Its Class A Common Stock
GlobeNewswire - Fri Mar 28, 4:01PM CDT
Mercury Payment Systems, Inc. (the "Company"), a payments technology and services provider for small- and medium-sized businesses (SMBs) in the United States and Canada, announced today that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission for a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the offering have not yet been determined.
The Economic Wild Card That Could Send the Dow to Record Highs
Dan Caplinger, The Motley Fool - Motley Fool - Fri Mar 28, 3:32PM CDT
Although investors might be disappointed that the Dow Jones Industrials ended Friday up just 59 points after rising as much as 150 points earlier in the trading session, the market's ability to sustain current levels despite five years of huge...
JPMorgan Wins Silver Price-Fixing Case - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Mar 28, 1:30PM CDT
JPMorgan Chase & Co. can now heave a sigh of relief as a 2nd U.S. Circuit Court of Appeals has dismissed a lawsuit against the bank, pertaining to silver price fixing.
Active Equities Watch List -- Research on Bank of America, Wells Fargo, Citigroup, and JPMorgan Chase
PR Newswire - Fri Mar 28, 9:42AM CDT
The trading session on Thursday, March 27, 2014 ended on a negative note as the Dow Jones Industrial Average finished at 16,264.23, down 0.03% and the NASDAQ Composite closed at 4,151.23, down 0.54%. The S&P 500 finished the session 0.19% lower at 1,849.04. The losses were broad based as seven out of ten sectors ended the session in negative. During the session, Information Technology, Financials, and Consumer Discretionary sectors exerted a drag, while some positive momentum was observed in the Telecommunication Services, Energy, and Utilities sectors. Investor-Edge looks at some of the equities which attracted the most attention and traded the most shares during the session. These include Bank of America Corp. (NYSE: BAC), Wells Fargo & Co. (NYSE: WFC), Citigroup Inc. (NYSE: C) and JPMorgan Chase & Co. (NYSE: JPM). Free technical research on BAC, WFC, C and JPM can be downloaded upon signing up at:
Citigroup's Business Model Is 'Not Sustainable,' Says Societe Generale
at The Street - Fri Mar 28, 8:55AM CDT
With its capital plans rejected twice in three years, it's time for Citi to radically simplify its operations, according to Societe Generale.
CommScope Prices Secondary Offering
Business Wire - Thu Mar 27, 5:40PM CDT
CommScope Holding Company, Inc. (NASDAQ: COMM) has priced its secondary offering of 17,500,000 shares of its common stock at $22.00 per share. All of the shares of common stock offered are being sold by an affiliate of The Carlyle Group (the "selling stockholder"). The selling stockholder has also granted the underwriters a 30-day option to purchase up to an additional 2,625,000 shares at the public offering price. CommScope will not receive any of the proceeds from the offering of shares by the selling stockholder.
Tech companies, Citigroup tug US stocks lower
By KEN SWEET - AP - Thu Mar 27, 4:20PM CDT
NEW YORK (AP) — It was a bad day to be an investor in Citigroup or tech stocks.
Liberty Property Boosts Liquidity Position - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Mar 27, 2:30PM CDT
Liberty Property disclosed a new unsecured revolving credit facility worth $800 million.
Where the Money Is: March 27
Matt Koppenheffer and David Hanson, The Motley Fool - Motley Fool - Thu Mar 27, 1:55PM CDT
Everything you need to know about the big bank CCAR results. Join Motley Fool banking analyst David Hanson and Matt Koppenheffer as they discuss the Fed's decision to deny Citigroup 's plans, Bank of America 's big boost, why Discover is a buy...
Stocks Seeking New Levels at Midday: StockTwits
at The Street - Thu Mar 27, 12:41PM CDT
At midday, SPDR S&P 500 ETF has added slightly to Wednesday's selloff and has broken through the lowest levels of the month.
JPMorgan, Goldman Fall With the Dow Despite Fed Capital-Plan Approvals
Dan Caplinger, The Motley Fool - Motley Fool - Thu Mar 27, 11:30AM CDT
As of 12:30 p.m. EDT Thursday, the Dow Jones Industrials had dropped a slim six points. But one of the biggest news events in the stock market came after the close Wednesday afternoon, when the Federal Reserve announced its decisions on the...
Finding Bargains in Depressed Emerging Markets
at The Street - Thu Mar 27, 9:46AM CDT
After the downturn, dividend ETFs sell at modest multiples.
Here's What Wall Street's Saying About the Fed's Capital Plan Reviews
at The Street - Thu Mar 27, 9:46AM CDT
Here are some winners and losers from the Federal Reserve's review of large banks' plans to deploy excess capital.
Citigroup Tumbles on Fed Rejection - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Mar 27, 9:40AM CDT
Following the Federal Reserve's rejection of Citigroup Inc.'s capital plan under the Dodd-Frank Act supervisory stress test 2014 (DFAST 2014), the company's shares crumbled in the after-hours trade. The stock price toppled 5.2% to $47.55.
3 Financial ETFs to Play the Bank Stress Tests - ETF News And Commentary
Zacks Equity Research - Zacks Investment Research - Thu Mar 27, 9:00AM CDT
These financial ETFs look to be in focus following the recent bank stress tests.
Stress Test Results: 25 Banks Triumph, 5 Disqualify - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Mar 27, 8:30AM CDT
After the release of the Dodd-Frank Act supervisory stress test 2014 (DFAST 2014) results last week, the Federal Reserve approved the capital plans of 25 financial institutions out of 30 in the Comprehensive Capital Analysis and Review (CCAR).
Citigroup and the 'Straw That Broke the Camel's Back'
at The Street - Thu Mar 27, 7:44AM CDT
Citigroup and analysts are quite surprised with the Fed's rejection of the bank's 2014 capital plan.
JPMorgan Chase proposes higher dividend and common stock buy back of USD6.5bn
M2 - Thu Mar 27, 5:45AM CDT
Financial services firm JP Morgan Chase & Co (NYSE:JPM) revealed on Wednesday that after the Federal Reserve Board did not object to its proposed 2014 capital distribution plan under the 2014 Comprehensive Capital Analysis and Review (CCAR) results, its board of directors proposed to increase the common stock dividend to USD0.40 per share, effective from the second quarter of 2014.