JP Morgan Chase & Co (JPM) 55.45 $JPM
BofA Gains on Resubmission of Capital Plan - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 28, 4:58PM CDT
Shares of Bank of America rose 3.4% on Tuesday following the news of resubmission of its capital plan.
BioCryst Pharmaceuticals Prices Public Offering of Common Stock
GlobeNewswire - Wed May 28, 4:50PM CDT
BioCryst Pharmaceuticals, Inc. (Nasdaq:BCRX) today announced the pricing of an underwritten public offering of 10,000,000 shares of its common stock, offered at a price to the public of $10.00 per share. The gross proceeds from this offering to BioCryst are expected to be $100 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by BioCryst. BioCryst has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its common stock. The offering is expected to close on or about June 3, 2014, subject to customary closing conditions. BioCryst expects to use the net proceeds of this offering for general corporate purposes, including funding clinical development of BCX4161, the development of both second generation hereditary angioedema compounds, commercialization activities relating to peramivir and the advancement of other preclinical rare disease programs.
Caesarstone Announces Offering of Ordinary Shares by Kibbutz Sdot-Yam
Business Wire - Wed May 28, 3:42PM CDT
Caesarstone Sdot-Yam Ltd. (NASDAQ:CSTE), a leading manufacturer of high quality engineered quartz surfaces, announced today that its shareholder, Kibbutz Sdot-Yam, is offering for sale 5,500,000 ordinary shares of the company in an underwritten public offering. The underwriters will be granted a 30-day option to purchase up to 825,000 additional ordinary shares from the selling shareholder. Caesarstone will not receive any proceeds from the offering.
Dow Today: JPMorgan Chase (JPM) Leads The Day Higher, International Business Machines (IBM) Lags
at The Street - Wed May 28, 3:30PM CDT
The Dow component that led the way higher today was JPMorgan Chase (NYSE: JPM ), which sported a 31-cent gain (+0.6%) bringing the stock to $55.45. Holding the Dow back today was International Business Machines (NYSE: IBM ), which lagged the...
Why Are Banks Not Lending Their $1.8 Trillion Cash Hoard?
Jay Jenkins, The Motley Fool - Motley Fool - Wed May 28, 12:10PM CDT
The Dow Jones Industrial Average was down about 23 points as of 1:05 p.m. EDT Wednesday . The blue-chip index has rocketed higher over the past few years at breakneck speeds. Many pundits today question just how much longer this streak can...
Centrica Share Repurchase Programme
M2 - Wed May 28, 11:10AM CDT
Centrica plc announces that on 27 May 2014, it purchased (through J.P. Morgan Securities plc) 750,000 (seven hundred and fifty thousand) Centrica plc ordinary shares at an average price of 329.4073 pence per share. The highest price and the lowest price paid for these shares were 330.40 pence and 328.60 pence respectively.
HCN Guides Q2 Acquisitions; Offers Shares - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 28, 10:20AM CDT
Health Care REIT (HCN) stated its projected acquisition pipeline for second-quarter 2014 and disclosed its plan to offer shares.
US bank earnings decline 7.7 percent in 1Q
By MARCY GORDON - AP - Wed May 28, 10:14AM CDT
WASHINGTON (AP) — U.S. banks' earnings declined 7.7 percent in the January-March quarter from a year earlier, as higher interest rates dampened demand for mortgage refinancing and reduced banks' revenue from the mortgage business.
Citigroup Expects Bleak Q2 Revenues - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 28, 10:10AM CDT
At the Deutsche Bank 2014 Global Financial Services Investor Conference on Tuesday, Citigroup Inc. (C) came up with its latest outlook.
The Zacks Analyst Blog Highlights: Tesla Motors, Wells Fargo, JPMorgan Chase, Bank of America and Citigroup
PR Newswire - Wed May 28, 8:30AM CDT
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Tesla Motors, Inc. (Nasdaq:TSLA-Free Report), Wells Fargo & Company (NYSE:WFC-Free Report), JPMorgan Chase & Co. (NYSE:JPM-Free Report), Bank of America Corp. (NYSE:BAC-Free Report) and Citigroup Inc. (NYSE:C-Free Report).
Strategic Hotels & Resorts, Inc. Announces Upsizing And Pricing Of Public Offering Of 36,000,000 Shares Of Common Stock
PR Newswire - Wed May 28, 8:15AM CDT
Strategic Hotels & Resorts, Inc. (the "Company"
(NYSE: BEE) today announced that it priced an underwritten public offering of 36,000,000 shares of its common stock (the "Offering" at $10.50 per share. The Company has granted the underwriters a 30-day option to purchase up to 5,400,000 additional shares of common stock to cover over-allotments, if any. The Company estimates that the net proceeds from the Offering, after underwriting discounts and commissions and estimated offering expenses, will be approximately $362.4 million or approximately $416.8 million if the underwriters' over-allotment option is exercised in full. J.P. Morgan, Deutsche Bank Securities, BofA Merrill Lynch, and Wells Fargo Securities are acting as joint book-running managers for the Offering. Raymond James is acting as lead manager, and BMO Capital Markets, Capital One Securities, Evercore, JMP Securities and MLV & Co. are acting as co-managers for the Offering.
Equity Pullback in the Cards but Outlook Will Brighten Later This Year
at The Street - Wed May 28, 7:33AM CDT
Markets are at risk of a near-term pullback before stronger second-half gains are made amid better economic data and earnings.That's the assessment from fund managers, after a sideways slide in stocks this year paints a sharp contrast to the rally of...
Conference Schedules, Appointments, Approvals, and Technical Updates - Analyst Notes on JPMorgan Chase, Manulife, STAG Industrial, Cullen/Frost Bankers and HudsonCity Bancorp
PR Newswire - Wed May 28, 7:00AM CDT
Today, Analysts Review released its analysts' notes regarding JPMorgan Chase & Co. (NYSE: JPM), Manulife Financial Corporation (NYSE: MFC), STAG Industrial, Inc. (NYSE: STAG), Cullen/Frost Bankers, Inc. (NYSE: CFR) and Hudson City Bancorp, Inc. (NASDAQ: HCBK). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3015-100free.
Jim Cramer's Top Stock Picks: AAL PE PXD STKL JPM USB WFC
at The Street - Wed May 28, 5:00AM CDT
Cramer is flying with American Airlines and says Pioneer Natural Resources remains his favorite oil driller.
Jim Cramer's 'Mad Money' Recap: Running With the Bull Market
at The Street - Tue May 27, 7:17PM CDT
High-profile bulls are getting cautious, which will shake out the weaker ones and leave only true believers to push things ever upward, Cramer says.
FIS Announces Pricing of Senior Notes Offering
Business Wire - Tue May 27, 6:47PM CDT
Fidelity National Information Services, FIS(TM), (NYSE:FIS), the world's largest provider of banking and payments technology, consulting and outsourcing solutions, today announced the pricing of its sale of $300 million in aggregate principal amount of 1.450% Senior Notes due 2017 and $700 million in aggregate principal amount of 3.875% Senior Notes due 2024 (together, the "Notes" . The Notes will be guaranteed by certain of FIS' subsidiaries. FIS intends to use the net proceeds from this offering to repay the entire outstanding principal amount of and accrued interest on its revolving credit facility, to repay up to $550 million of the outstanding principal amount of its Term Loan A-4 and for general corporate purposes. Any remaining proceeds will be used, together with additional borrowings under FIS' revolving credit facility, to fund the purchase, through a call for redemption intended to be effective on or about July 15, 2014, of the entire $500 million aggregate principal amount of its 7.875% senior notes due 2020.
Marsh & McLennan Companies Announces Pricing of $600 Million Senior Notes Offering
Business Wire - Tue May 27, 4:40PM CDT
Marsh & McLennan Companies, Inc. (the "Company" announced today that it has priced $600 million of 3.500% senior notes due 2024. The Company intends to use the net proceeds for general corporate purposes. The closing of the notes offering is expected to occur on May 30, 2014, subject to certain customary conditions. J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays Capital Inc. and Citigroup Global Markets Inc. are acting as joint book-running managers for the offering. Deutsche Bank Securities Inc., GC Securities, a division of MMC Securities Corp., Goldman, Sachs & Co., HSBC Securities (USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as co-managers for the offering.
After Yesterday's Rally of 1.12% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Tue May 27, 3:46PM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $54.69 to a high of $55.43. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $54.60 on volume of 14.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
JPMorgan Chase Rises 1.12% on Heavy Volume: Watch For Potential Pullback
Comtex SmarTrend(R) - Tue May 27, 3:46PM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $54.69 to a high of $55.43. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $54.60 on volume of 14.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Bank of America Exec Preaches Gospel of 'Too Big to Fail' Banking
at The Street - Tue May 27, 3:46PM CDT
Bank of America's corporate and investment banking chief emphasized the institution's size-related advantages during a presentation Tuesday, in what could be seen as a rebuttal to critics who argue the largest U.S. banks need to be broken up.
BofA Gains on Resubmission of Capital Plan - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 28, 4:58PM CDT
Shares of Bank of America rose 3.4% on Tuesday following the news of resubmission of its capital plan.
BioCryst Pharmaceuticals Prices Public Offering of Common Stock
GlobeNewswire - Wed May 28, 4:50PM CDT
BioCryst Pharmaceuticals, Inc. (Nasdaq:BCRX) today announced the pricing of an underwritten public offering of 10,000,000 shares of its common stock, offered at a price to the public of $10.00 per share. The gross proceeds from this offering to BioCryst are expected to be $100 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by BioCryst. BioCryst has granted the underwriters a 30-day option to purchase up to an additional 1,500,000 shares of its common stock. The offering is expected to close on or about June 3, 2014, subject to customary closing conditions. BioCryst expects to use the net proceeds of this offering for general corporate purposes, including funding clinical development of BCX4161, the development of both second generation hereditary angioedema compounds, commercialization activities relating to peramivir and the advancement of other preclinical rare disease programs.
Caesarstone Announces Offering of Ordinary Shares by Kibbutz Sdot-Yam
Business Wire - Wed May 28, 3:42PM CDT
Caesarstone Sdot-Yam Ltd. (NASDAQ:CSTE), a leading manufacturer of high quality engineered quartz surfaces, announced today that its shareholder, Kibbutz Sdot-Yam, is offering for sale 5,500,000 ordinary shares of the company in an underwritten public offering. The underwriters will be granted a 30-day option to purchase up to 825,000 additional ordinary shares from the selling shareholder. Caesarstone will not receive any proceeds from the offering.
Dow Today: JPMorgan Chase (JPM) Leads The Day Higher, International Business Machines (IBM) Lags
at The Street - Wed May 28, 3:30PM CDT
The Dow component that led the way higher today was JPMorgan Chase (NYSE: JPM ), which sported a 31-cent gain (+0.6%) bringing the stock to $55.45. Holding the Dow back today was International Business Machines (NYSE: IBM ), which lagged the...
Why Are Banks Not Lending Their $1.8 Trillion Cash Hoard?
Jay Jenkins, The Motley Fool - Motley Fool - Wed May 28, 12:10PM CDT
The Dow Jones Industrial Average was down about 23 points as of 1:05 p.m. EDT Wednesday . The blue-chip index has rocketed higher over the past few years at breakneck speeds. Many pundits today question just how much longer this streak can...
Centrica Share Repurchase Programme
M2 - Wed May 28, 11:10AM CDT
Centrica plc announces that on 27 May 2014, it purchased (through J.P. Morgan Securities plc) 750,000 (seven hundred and fifty thousand) Centrica plc ordinary shares at an average price of 329.4073 pence per share. The highest price and the lowest price paid for these shares were 330.40 pence and 328.60 pence respectively.
HCN Guides Q2 Acquisitions; Offers Shares - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 28, 10:20AM CDT
Health Care REIT (HCN) stated its projected acquisition pipeline for second-quarter 2014 and disclosed its plan to offer shares.
US bank earnings decline 7.7 percent in 1Q
By MARCY GORDON - AP - Wed May 28, 10:14AM CDT
WASHINGTON (AP) — U.S. banks' earnings declined 7.7 percent in the January-March quarter from a year earlier, as higher interest rates dampened demand for mortgage refinancing and reduced banks' revenue from the mortgage business.
Citigroup Expects Bleak Q2 Revenues - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 28, 10:10AM CDT
At the Deutsche Bank 2014 Global Financial Services Investor Conference on Tuesday, Citigroup Inc. (C) came up with its latest outlook.
The Zacks Analyst Blog Highlights: Tesla Motors, Wells Fargo, JPMorgan Chase, Bank of America and Citigroup
PR Newswire - Wed May 28, 8:30AM CDT
Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Tesla Motors, Inc. (Nasdaq:TSLA-Free Report), Wells Fargo & Company (NYSE:WFC-Free Report), JPMorgan Chase & Co. (NYSE:JPM-Free Report), Bank of America Corp. (NYSE:BAC-Free Report) and Citigroup Inc. (NYSE:C-Free Report).
Strategic Hotels & Resorts, Inc. Announces Upsizing And Pricing Of Public Offering Of 36,000,000 Shares Of Common Stock
PR Newswire - Wed May 28, 8:15AM CDT
Strategic Hotels & Resorts, Inc. (the "Company"
(NYSE: BEE) today announced that it priced an underwritten public offering of 36,000,000 shares of its common stock (the "Offering" at $10.50 per share. The Company has granted the underwriters a 30-day option to purchase up to 5,400,000 additional shares of common stock to cover over-allotments, if any. The Company estimates that the net proceeds from the Offering, after underwriting discounts and commissions and estimated offering expenses, will be approximately $362.4 million or approximately $416.8 million if the underwriters' over-allotment option is exercised in full. J.P. Morgan, Deutsche Bank Securities, BofA Merrill Lynch, and Wells Fargo Securities are acting as joint book-running managers for the Offering. Raymond James is acting as lead manager, and BMO Capital Markets, Capital One Securities, Evercore, JMP Securities and MLV & Co. are acting as co-managers for the Offering. Equity Pullback in the Cards but Outlook Will Brighten Later This Year
at The Street - Wed May 28, 7:33AM CDT
Markets are at risk of a near-term pullback before stronger second-half gains are made amid better economic data and earnings.That's the assessment from fund managers, after a sideways slide in stocks this year paints a sharp contrast to the rally of...
Conference Schedules, Appointments, Approvals, and Technical Updates - Analyst Notes on JPMorgan Chase, Manulife, STAG Industrial, Cullen/Frost Bankers and HudsonCity Bancorp
PR Newswire - Wed May 28, 7:00AM CDT
Today, Analysts Review released its analysts' notes regarding JPMorgan Chase & Co. (NYSE: JPM), Manulife Financial Corporation (NYSE: MFC), STAG Industrial, Inc. (NYSE: STAG), Cullen/Frost Bankers, Inc. (NYSE: CFR) and Hudson City Bancorp, Inc. (NASDAQ: HCBK). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/3015-100free.
Jim Cramer's Top Stock Picks: AAL PE PXD STKL JPM USB WFC
at The Street - Wed May 28, 5:00AM CDT
Cramer is flying with American Airlines and says Pioneer Natural Resources remains his favorite oil driller.
Jim Cramer's 'Mad Money' Recap: Running With the Bull Market
at The Street - Tue May 27, 7:17PM CDT
High-profile bulls are getting cautious, which will shake out the weaker ones and leave only true believers to push things ever upward, Cramer says.
FIS Announces Pricing of Senior Notes Offering
Business Wire - Tue May 27, 6:47PM CDT
Fidelity National Information Services, FIS(TM), (NYSE:FIS), the world's largest provider of banking and payments technology, consulting and outsourcing solutions, today announced the pricing of its sale of $300 million in aggregate principal amount of 1.450% Senior Notes due 2017 and $700 million in aggregate principal amount of 3.875% Senior Notes due 2024 (together, the "Notes"
. The Notes will be guaranteed by certain of FIS' subsidiaries. FIS intends to use the net proceeds from this offering to repay the entire outstanding principal amount of and accrued interest on its revolving credit facility, to repay up to $550 million of the outstanding principal amount of its Term Loan A-4 and for general corporate purposes. Any remaining proceeds will be used, together with additional borrowings under FIS' revolving credit facility, to fund the purchase, through a call for redemption intended to be effective on or about July 15, 2014, of the entire $500 million aggregate principal amount of its 7.875% senior notes due 2020. Marsh & McLennan Companies Announces Pricing of $600 Million Senior Notes Offering
Business Wire - Tue May 27, 4:40PM CDT
Marsh & McLennan Companies, Inc. (the "Company"
announced today that it has priced $600 million of 3.500% senior notes due 2024. The Company intends to use the net proceeds for general corporate purposes. The closing of the notes offering is expected to occur on May 30, 2014, subject to certain customary conditions. J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC, Barclays Capital Inc. and Citigroup Global Markets Inc. are acting as joint book-running managers for the offering. Deutsche Bank Securities Inc., GC Securities, a division of MMC Securities Corp., Goldman, Sachs & Co., HSBC Securities (USA) Inc. and Merrill Lynch, Pierce, Fenner & Smith Incorporated are acting as co-managers for the offering. After Yesterday's Rally of 1.12% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Tue May 27, 3:46PM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $54.69 to a high of $55.43. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $54.60 on volume of 14.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
JPMorgan Chase Rises 1.12% on Heavy Volume: Watch For Potential Pullback
Comtex SmarTrend(R) - Tue May 27, 3:46PM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $54.69 to a high of $55.43. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $54.60 on volume of 14.4 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Bank of America Exec Preaches Gospel of 'Too Big to Fail' Banking
at The Street - Tue May 27, 3:46PM CDT
Bank of America's corporate and investment banking chief emphasized the institution's size-related advantages during a presentation Tuesday, in what could be seen as a rebuttal to critics who argue the largest U.S. banks need to be broken up.
