'Fast Money' Recap: Confusion in the Market
at The Street - 1 hr 8 mins ago
The trading panel discussed whether investors are too complacent and whether it's a good idea to buy Microsoft again.
State Street to Settle Forex Lawsuit for $60M - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Jul 10, 4:40PM CDT
State Street (STT) has agreed to pay a total of $70 million in order to settle shareholder and employee lawsuits.
Fitch Affirms J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-HSBC
Business Wire - Thu Jul 10, 4:04PM CDT
Fitch Ratings has affirmed all rated classes of J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-HSBC (JPMCC 2012-HSBC). A detailed list of rating actions follows at the end of this release.
3 Risks Goldman Sachs Group, Inc. Must Overcome
Dan Caplinger, The Motley Fool - Motley Fool - Thu Jul 10, 3:33PM CDT
Goldman Sachs Tower. Source: Wikimedia Commons. Goldman Sachs is a leader in the investment-banking world, with popular opinion about the Wall Street giant ranging from admiration for its financial prowess to scorn for its behavior during the...
Will Becoming Smaller Pay Off For Bank of America Corporation and JPMorgan Chase & Co?
Matthew Frankel, The Motley Fool - Motley Fool - Thu Jul 10, 3:28PM CDT
Over the past several years, many U.S. banks have been closing branches in an effort to improve efficiency of operations and to encourage customers to do more of their banking through mobile devices. For example, Bank of America has closed...
Fitch Upgrades One Class of JPMCC 2012-FL2
Business Wire - Thu Jul 10, 1:34PM CDT
Fitch Ratings has upgraded one class of J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-FL2 floating-rate commercial mortgage pass-through certificates. A detailed list of rating actions follows at the end of this press release.
Why a $7 Billion Settlement for Citigroup May Be Good News for Bank of America Corp
Patrick Morris, The Motley Fool - Motley Fool - Thu Jul 10, 12:05PM CDT
Wall Street Bull. Source: Flickr / thenails. Another week is here, and another billion dollar settlement is -- reportedly -- fast approaching for another big bank. But it turns out the $7 billion settlement for Citigroup may be a sign of good...
Why U.S. Bank Investors Shouldn't Worry About Today's Banking Problems in Europe
Jay Jenkins, The Motley Fool - Motley Fool - Thu Jul 10, 12:02PM CDT
The Dow Jones Industrial Average was down 83 points in early afternoon trading on Thursday. The decline came on news that a large European bank, Banco Espirito Santo in Portugal, may be under renewed strains. That stock traded down over 14% in...
Wells Fargo Remains Best Bet Headed Into Big Banks' Earnings
at The Street - Thu Jul 10, 10:52AM CDT
Estimates have Wells Fargo's earnings dropping after 17 straight quarters of profit growth. Even so, the conservative bank is the surest investment in the banking sector during earnings week.
Why Macquarie Infrastructure (MIC) Stock Is Down Today
at The Street - Thu Jul 10, 10:32AM CDT
Macquarie Infrastructure (MIC) shares are lower after the company announced the pricing of its secondary public offering of 10 million shares.
Banking Industry Readies for Q2 Earnings: What's In Store? - Analyst Blog
Kalyan Nandy - Zacks Investment Research - Thu Jul 10, 10:26AM CDT
Will "beat" dominate "miss" in second quarter banking results?
Next Support Level for JPMorgan Chase (JPM) is $55.41
Comtex SmarTrend(R) - Thu Jul 10, 10:15AM CDT
JPMorgan Chase (NYSE:JPM) has opened bearishly below the pivot of $55.92 today and has reached the first level of support at $55.71. Should the shares continue to fall, the support pivots of $55.41 and $54.90 will be of interest.
Fitch Rates J.P. Morgan PUTTERs/DRIVERs, Series 4459-4462 Trusts
Business Wire - Thu Jul 10, 10:09AM CDT
Fitch Ratings assigns the following ratings to the Puttable Tax-Exempt Receipts (PUTTERs) and Derivative Inverse Tax-Exempt Receipts (DRIVERs) of the J.P. Morgan PUTTERs/DRIVERs Trust series listed below:
Capital Impact Partners and JPMorgan Chase & Co. Launch $30 Million Fund Providing Loans Supporting Community Development in Detroit
PR Newswire - Thu Jul 10, 9:30AM CDT
Capital Impact Partners and JPMorgan Chase & Co. today announced the launch of the $30 million Detroit Neighborhoods Fund supporting the revitalization of Detroit. The Fund provides financing for multi-family residential properties, mixed-use real estate and grocery stores. The goal is to increase housing options for those with low and moderate incomes and help eliminate "food deserts" or other areas with limited access to fresh, healthy foods.
Stock Market News for July 10, 2014 - Market News
Zacks Equity Research - Zacks Investment Research - Thu Jul 10, 9:10AM CDT
Benchmarks ended higher on Wednesday boosted primarily by encouraging minutes of the FOMC meeting
JPMorgan Chase & Co. Deploys Initial Investments from $100 Million Commitment for Detroit's Economic Recovery
Business Wire - Thu Jul 10, 7:00AM CDT
JPMorgan Chase & Co. today announced the launch of the Home Restoration Program with Liberty Bank in Detroit. The program aims to support eligible home buyers with financing for the repair and restoration of residential properties purchased through the Detroit Land Bank Authority's (DLBA) Neighbors Wanted property auction as well as other priority neighborhoods in the future. With this and other investments, JPMorgan Chase has now put $20 million of its $100 million, 5-year commitment to Detroit, which was announced in May, to work with local community partners supporting economic development, blight reduction, workforce development and small business growth.
Alexandria Real Estate Equities, Inc. Announces Pricing Of Public Offering Of $700,000,000 Of Senior Notes
PR Newswire - Wed Jul 09, 4:40PM CDT
Alexandria Real Estate Equities, Inc. (NYSE: ARE) announced today that it has priced a public offering of $400,000,000 aggregate principal amount of 2.750% senior notes due 2020 and $300,000,000 aggregate principal amount of 4.500% senior notes due 2029. J.P. Morgan Securities LLC, Barclays Capital Inc., Goldman, Sachs & Co., BBVA Securities Inc., Mitsubishi UFJ Securities (USA), Inc., RBC Capital Markets, LLC, RBS Securities Inc., and Scotia Capital (USA) Inc. are acting as joint book-running managers in connection with the public offering, BNY Mellon Capital Markets, LLC, Capital One Securities, Inc., Credit Agricole Securities (USA) Inc., Credit Suisse Securities (USA) LLC, and TD Securities (USA) LLC are acting as senior co-managers in connection with the public offering, and Cowen and Company, LLC, HSBC Securities (USA) Inc., JMP Securities LLC, PNC Capital Markets LLC, and Santander Investment Securities Inc. are acting as co-managers in connection with the public offering.
Fitch Upgrades 4 Classes of JPMCC 2004-CIBC9
Business Wire - Wed Jul 09, 4:19PM CDT
Fitch Ratings has upgraded four classes and affirmed nine classes of J.P. Morgan Chase Commercial Mortgage Securities Corp.'s commercial mortgage pass-through certificates 2004-CIBC9. A detailed list of rating actions follows at the end of this press release.
Citigroup, DOJ Said Near $7 Billion Mortgage Deal
at Investor's Business Daily - Wed Jul 09, 12:02PM CDT
A settlement worth an estimated $7 billion reportedly is in the works between Citigroup (C) and the Department of Justice to settle allegations the New York-based bank sold subpar mortgages in the years before the financial crisis. The deal, which...