JP Morgan Chase & Co (JPM) 56.34 $JPM
Goldman, JPMorgan Sweat, as Sen. Levin Goes After Metals Commodity Brokers
at The Street - Fri Aug 08, 12:29PM CDT
Levin probes alleged commodity abuses, with Wall Street banks under scrutiny.
The Zacks Analyst Blog Highlights: Bank of America, Citigroup, Goldman Sachs Group, JPMorgan Chase and Morgan Stanley
PR Newswire - Fri Aug 08, 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 Bank of America Corp. (NYSE:BAC-Free Report), Citigroup Inc. (NYSE:C-Free Report), Goldman Sachs Group, Inc. (NYSE:GS-Free Report), JPMorgan Chase & Co. (NYSE:JPM-Free Report) and Morgan Stanley (NYSE:MS-Free Report).
Prestigious Recognition, Upcoming Event, Senior Level Hiring, and Grid Modernization - Research Reports on JPMorgan, Citigroup, Wells Fargo, General Electric and American Airlines
PR Newswire - Fri Aug 08, 8:00AM CDT
Today, Analysts Review released its research reports regarding JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), Wells Fargo & Company (NYSE: WFC), General Electric Company (NYSE: GE) and American Airlines Group Inc. (NYSE: AAL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5589-100free.
Aug. 8 Premarket Briefing: 10 Things You Should Know
at The Street - Fri Aug 08, 5:50AM CDT
U.S. stock futures slip; Obama authorizes U.S. airstrikes in northern Iraq; Zynga reports a wider loss; CBS profit tops estimates.
Cooper Tire & Rubber Company reports USD200m accelerated share repurchase plan
M2 - Fri Aug 08, 4:51AM CDT
Tyre company Cooper Tire & Rubber Company (NYSE:CTB) Thursday launch a USD200m accelerated share repurchase (ASR) plan with J.P. Morgan Chase Bank N.A.
The Bank of America Agrees to Give $17 billion to Resolve Mortgage Issues
PRWeb - Thu Aug 07, 10:25PM CDT
Lenders like Peoples Home Equity were intrigued by news of a landmark deal between the Justice Department and Bank of America Corp. As stated in an August 6th Wall Street Journal release, with this deal, Bank of America will pay $16 to $17 billion to resolve "allegations of mortgage-related misconduct". This agreement "would eclipse a $13 billion deal" that was struck by Justice Department and J.P. Morgan Chase just nine months prior. Bank of America will pay $9 billion cash towards improving the financial situation and will pay additional money to help the struggling homeowners. The bank will also raise its quarterly dividend from 1 cent up to 5 cents. In addition the current $16-$17 billion settlement in decision now, Bank of America may owe an additional $6 billion to the Federal Housing Finance Agency.
Ryerson Announces Pricing of Initial Public Offering
PR Newswire - Thu Aug 07, 5:30PM CDT
Ryerson Holding Corporation ("Ryerson"
, one of North America's largest processors and distributors of metals, today announced the pricing of its initial public offering of 11,000,000 shares of its common stock at a price to the public of $11.00 per share. The selling stockholders named in the registration statement have granted the underwriters a 30-day option to purchase up to an additional 1,650,000 shares in connection with the offering. The shares are expected to begin trading on the New York Stock Exchange on August 8, 2014 under the ticker symbol "RYI."
BofA Hikes Dividend 400%, Nears Record MBS Settlement - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 07, 5:00PM CDT
Much to the delight of investors, Bank of America (BAC) has increased the quarterly common stock dividend from 1 cent per share to 5 cents.
JPMorgan (JPM) Sees LA Lawsuit Dismissed - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 07, 3:50PM CDT
U.S. District Judge Otis Wright II in Los Angeles accepted the bid filed by JPMorgan Chase & Co. (JPM), accusing the banking behemoth of discriminatory lending practices towards minority borrowers.
Inadequate 'Living Wills', Banks to Correct Flaws by 2015 - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 07, 3:20PM CDT
Banks have failed to convince the FDIC and the Federal Reserve regarding their respective 'Living Wills', a measure to prove that they could be easily be wound down in case of collapse.
Cooper Tire Gains Traction With Buyback, Sales Volume
at Investor's Business Daily - Thu Aug 07, 1:55PM CDT
Cooper Tire & Rubber's Q2 unit volume rose 10%, helping sales easily exceed estimates, though earnings were weak. Cooper Tire & Rubber (CTB), the No. 2 tire maker, also announced an accelerated share buyback with JPMorgan Chase (JPM). Under the...
Chase Joins UP Global in Celebrating Entrepreneurs by powering Startup Weeks
Business Wire - Thu Aug 07, 1:09PM CDT
Chase today announced a partnership with Seattle non-profit UP Global to present Startup Week powered by Chase, a community-led celebration of entrepreneurs.
Bank of America Settlement Will Again Bypass Hardest Hit States
at The Street - Thu Aug 07, 12:01PM CDT
States such as Florida and Nevada that were hardest hit by the mortgage crisis will again miss out on cash payments in an expected settlement for more than $16 billion.
How Bank of America's $17B Mortgage Fraud Fine Stings Shareholders Too
at The Street - Thu Aug 07, 11:02AM CDT
BofA's $17 billion deal on mortgage woes is good news. But investors should worry about weak loan growth and still-falling interest rate margins. Buy Wells Fargo instead, or other sectors.
Jobless Claims & More Create Good Backdrop - Ahead of Wall Street
Sheraz Mian - ZACKS - Thu Aug 07, 9:16AM CDT
Interest rate decisions out of Europe, a favorable U.S. Jobless Claims report, and reports of a huge bank settlement provide a reassuring backdrop for today's trading action.
Umpqua Holdings Corporation Announces Pricing of Secondary Offering
Business Wire - Thu Aug 07, 8:01AM CDT
Umpqua Holdings Corporation (NASDAQ: UMPQ) (the "Company" announced today the pricing of a previously announced secondary public offering of 15,000,000 shares of the Company's common stock by certain funds affiliated with Thomas H. Lee Partners, L.P. and Warburg Pincus LLC (collectively, the "Selling Stockholders" at a public offering price of $16.20 per share. The Selling Stockholders will receive all of the proceeds from this offering. No shares of common stock are being sold by the Company. The offering is currently expected to close on August 12, 2014, subject to customary closing conditions.
Will This Ratings Downgrade Hurt Nu Skin (NUS) Stock Today?
at The Street - Thu Aug 07, 7:38AM CDT
Nu Skin Enterprises (NUS) was downgraded to 'neutral' from 'overweight' at JPMorgan (JPM).
Cooper Tire & Rubber Company Announces Accelerated Share Repurchase Program
Business Wire - Thu Aug 07, 6:35AM CDT
Cooper Tire & Rubber Company (NYSE:CTB) today announced that it has entered into an accelerated share repurchase (ASR) program with J.P. Morgan Chase Bank, N.A. Under the ASR agreement, the company will repurchase an aggregate of $200 million of its common stock. Cooper will receive approximately 80 percent of the number of shares to be repurchased at the inception of the ASR program, or approximately 5.6 million shares, based on the closing price on August 6, 2014. The total number of shares to be repurchased will be determined on final settlement. The number of shares to be delivered at the completion of the program, net of the initial delivery, will be based primarily on the volume-weighted average price of Cooper's common stock during the term of the ASR, less a discount and subject to certain adjustments. The term of the ASR is scheduled to run from August 7, 2014, until February 2015, and may be shortened at the option of J.P. Morgan. As of July 31, Cooper had approximately 63.6 million outstanding common shares.
AP source: BofA nears $16-$17B settlement with US
By ERIC TUCKER and JOSH BOAK - AP - Wed Aug 06, 9:30PM CDT
WASHINGTON (AP) — Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday.
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Goldman, JPMorgan Sweat, as Sen. Levin Goes After Metals Commodity Brokers
at The Street - Fri Aug 08, 12:29PM CDT
Levin probes alleged commodity abuses, with Wall Street banks under scrutiny.
The Zacks Analyst Blog Highlights: Bank of America, Citigroup, Goldman Sachs Group, JPMorgan Chase and Morgan Stanley
PR Newswire - Fri Aug 08, 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 Bank of America Corp. (NYSE:BAC-Free Report), Citigroup Inc. (NYSE:C-Free Report), Goldman Sachs Group, Inc. (NYSE:GS-Free Report), JPMorgan Chase & Co. (NYSE:JPM-Free Report) and Morgan Stanley (NYSE:MS-Free Report).
Prestigious Recognition, Upcoming Event, Senior Level Hiring, and Grid Modernization - Research Reports on JPMorgan, Citigroup, Wells Fargo, General Electric and American Airlines
PR Newswire - Fri Aug 08, 8:00AM CDT
Today, Analysts Review released its research reports regarding JPMorgan Chase & Co. (NYSE: JPM), Citigroup Inc. (NYSE: C), Wells Fargo & Company (NYSE: WFC), General Electric Company (NYSE: GE) and American Airlines Group Inc. (NYSE: AAL). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/5589-100free.
Aug. 8 Premarket Briefing: 10 Things You Should Know
at The Street - Fri Aug 08, 5:50AM CDT
U.S. stock futures slip; Obama authorizes U.S. airstrikes in northern Iraq; Zynga reports a wider loss; CBS profit tops estimates.
Cooper Tire & Rubber Company reports USD200m accelerated share repurchase plan
M2 - Fri Aug 08, 4:51AM CDT
Tyre company Cooper Tire & Rubber Company (NYSE:CTB) Thursday launch a USD200m accelerated share repurchase (ASR) plan with J.P. Morgan Chase Bank N.A.
The Bank of America Agrees to Give $17 billion to Resolve Mortgage Issues
PRWeb - Thu Aug 07, 10:25PM CDT
Lenders like Peoples Home Equity were intrigued by news of a landmark deal between the Justice Department and Bank of America Corp. As stated in an August 6th Wall Street Journal release, with this deal, Bank of America will pay $16 to $17 billion to resolve "allegations of mortgage-related misconduct". This agreement "would eclipse a $13 billion deal" that was struck by Justice Department and J.P. Morgan Chase just nine months prior. Bank of America will pay $9 billion cash towards improving the financial situation and will pay additional money to help the struggling homeowners. The bank will also raise its quarterly dividend from 1 cent up to 5 cents. In addition the current $16-$17 billion settlement in decision now, Bank of America may owe an additional $6 billion to the Federal Housing Finance Agency.
Ryerson Announces Pricing of Initial Public Offering
PR Newswire - Thu Aug 07, 5:30PM CDT
Ryerson Holding Corporation ("Ryerson"
, one of North America's largest processors and distributors of metals, today announced the pricing of its initial public offering of 11,000,000 shares of its common stock at a price to the public of $11.00 per share. The selling stockholders named in the registration statement have granted the underwriters a 30-day option to purchase up to an additional 1,650,000 shares in connection with the offering. The shares are expected to begin trading on the New York Stock Exchange on August 8, 2014 under the ticker symbol "RYI." BofA Hikes Dividend 400%, Nears Record MBS Settlement - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 07, 5:00PM CDT
Much to the delight of investors, Bank of America (BAC) has increased the quarterly common stock dividend from 1 cent per share to 5 cents.
JPMorgan (JPM) Sees LA Lawsuit Dismissed - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 07, 3:50PM CDT
U.S. District Judge Otis Wright II in Los Angeles accepted the bid filed by JPMorgan Chase & Co. (JPM), accusing the banking behemoth of discriminatory lending practices towards minority borrowers.
Inadequate 'Living Wills', Banks to Correct Flaws by 2015 - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Thu Aug 07, 3:20PM CDT
Banks have failed to convince the FDIC and the Federal Reserve regarding their respective 'Living Wills', a measure to prove that they could be easily be wound down in case of collapse.
Cooper Tire Gains Traction With Buyback, Sales Volume
at Investor's Business Daily - Thu Aug 07, 1:55PM CDT
Cooper Tire & Rubber's Q2 unit volume rose 10%, helping sales easily exceed estimates, though earnings were weak. Cooper Tire & Rubber (CTB), the No. 2 tire maker, also announced an accelerated share buyback with JPMorgan Chase (JPM). Under the...
Chase Joins UP Global in Celebrating Entrepreneurs by powering Startup Weeks
Business Wire - Thu Aug 07, 1:09PM CDT
Chase today announced a partnership with Seattle non-profit UP Global to present Startup Week powered by Chase, a community-led celebration of entrepreneurs.
Bank of America Settlement Will Again Bypass Hardest Hit States
at The Street - Thu Aug 07, 12:01PM CDT
States such as Florida and Nevada that were hardest hit by the mortgage crisis will again miss out on cash payments in an expected settlement for more than $16 billion.
How Bank of America's $17B Mortgage Fraud Fine Stings Shareholders Too
at The Street - Thu Aug 07, 11:02AM CDT
BofA's $17 billion deal on mortgage woes is good news. But investors should worry about weak loan growth and still-falling interest rate margins. Buy Wells Fargo instead, or other sectors.
Jobless Claims & More Create Good Backdrop - Ahead of Wall Street
Sheraz Mian - ZACKS - Thu Aug 07, 9:16AM CDT
Interest rate decisions out of Europe, a favorable U.S. Jobless Claims report, and reports of a huge bank settlement provide a reassuring backdrop for today's trading action.
Umpqua Holdings Corporation Announces Pricing of Secondary Offering
Business Wire - Thu Aug 07, 8:01AM CDT
Umpqua Holdings Corporation (NASDAQ: UMPQ) (the "Company"
announced today the pricing of a previously announced secondary public offering of 15,000,000 shares of the Company's common stock by certain funds affiliated with Thomas H. Lee Partners, L.P. and Warburg Pincus LLC (collectively, the "Selling Stockholders" at a public offering price of $16.20 per share. The Selling Stockholders will receive all of the proceeds from this offering. No shares of common stock are being sold by the Company. The offering is currently expected to close on August 12, 2014, subject to customary closing conditions. Will This Ratings Downgrade Hurt Nu Skin (NUS) Stock Today?
at The Street - Thu Aug 07, 7:38AM CDT
Nu Skin Enterprises (NUS) was downgraded to 'neutral' from 'overweight' at JPMorgan (JPM).
Cooper Tire & Rubber Company Announces Accelerated Share Repurchase Program
Business Wire - Thu Aug 07, 6:35AM CDT
Cooper Tire & Rubber Company (NYSE:CTB) today announced that it has entered into an accelerated share repurchase (ASR) program with J.P. Morgan Chase Bank, N.A. Under the ASR agreement, the company will repurchase an aggregate of $200 million of its common stock. Cooper will receive approximately 80 percent of the number of shares to be repurchased at the inception of the ASR program, or approximately 5.6 million shares, based on the closing price on August 6, 2014. The total number of shares to be repurchased will be determined on final settlement. The number of shares to be delivered at the completion of the program, net of the initial delivery, will be based primarily on the volume-weighted average price of Cooper's common stock during the term of the ASR, less a discount and subject to certain adjustments. The term of the ASR is scheduled to run from August 7, 2014, until February 2015, and may be shortened at the option of J.P. Morgan. As of July 31, Cooper had approximately 63.6 million outstanding common shares.
AP source: BofA nears $16-$17B settlement with US
By ERIC TUCKER and JOSH BOAK - AP - Wed Aug 06, 9:30PM CDT
WASHINGTON (AP) — Bank of America is nearing a $16 billion to $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, a person directly familiar with the matter said Wednesday.
1 Comment
