JP Morgan Chase & Co (JPM) 59.70 $JPM
'Fast Money' Recap: Apple Under $100? Now What?
at The Street - 1 hr 10 mins ago
The trading panel discussed Apple stock slide and whether to buy Yum! Brands or McDonald's.
Marsh & McLennan Companies Announces Pricing of $800 Million Senior Notes Offering
Business Wire - Wed Sep 03, 5:34PM CDT
Marsh & McLennan Companies, Inc. (the "Company"
announced today that it has priced $300 million of 2.350% senior notes due 2019 (the "2019 Notes" and $500 million of 3.500% senior notes due 2025 (the "2025 Notes", together with the 2019 Notes, the "Notes". The Company intends to use the net proceeds for general corporate purposes, which may include the redemption of the outstanding aggregate principal amounts of its existing 5.75% senior notes due September 2015 and its existing 9.25% senior notes due April 2019. The closing of the Notes offering is expected to occur on September 10, 2014, subject to certain customary conditions. BofA Merrill Lynch, Deutsche Bank Securities, Barclays, Citigroup and J.P. Morgan are acting as joint book-running managers for the 2019 Notes offering. BofA Merrill Lynch, Deutsche Bank Securities, Goldman, Sachs & Co., HSBC, and Morgan Stanley are acting as joint book-running managers for the 2025 Notes offering. GC Securities, a division of MMC Securities Corp., RBS, Scotiabank and Wells Fargo Securities are acting as co-managers for the Notes offering.
Regulators set rules meant to ward off bank crisis
By MARCY GORDON - AP - Wed Sep 03, 4:08PM CDT
WASHINGTON (AP) — Federal regulators are requiring big banks to keep enough high-quality assets on hand to survive during a severe downturn, the latest move under congressional mandate to lessen the likelihood of another financial meltdown.
Chesapeake Lodging Trust Announces Proposed Public Offering of 4,200,000 Common Shares
Business Wire - Wed Sep 03, 3:17PM CDT
Chesapeake Lodging Trust (NYSE:CHSP) (the "Trust" announced today that it has commenced an underwritten public offering of 4,200,000 common shares. J.P. Morgan is acting as the sole book-running manager for the offering. The underwriter may offer the common shares from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. The Trust expects to grant the underwriter a 30-day option to purchase up to an additional 630,000 common shares.
U.S. Liquidity Rules Aim To Make Banks Boring Again
at Investor's Business Daily - Wed Sep 03, 12:52PM CDT
In the ongoing effort to make banks safer and -- in the minds of some observers -- banking more boring, U.S. regulators are approving new liquidity rules to ensure that lenders don't run out of money in the event of another financial crisis. The...
Why Santander Consumer USA (SC) Stock Is Declining Today
at The Street - Wed Sep 03, 11:36AM CDT
Santander Consumer USA (SC) shares are falling after the company priced its secondary public offering at $18.63 per share.
Dow Today: JPMorgan Chase (JPM) Higher
at The Street - Wed Sep 03, 11:00AM CDT
The Dow component leading the way higher looks to be JPMorgan Chase (NYSE:JPM), which is sporting a seven-cent gain (+0.1%) bringing the stock to $59.74.
Watch for Shares of JPMorgan Chase (JPM) to Approach Resistance at $60.07
Comtex SmarTrend(R) - Wed Sep 03, 10:13AM CDT
Shares of JPMorgan Chase (NYSE:JPM) have bullishly opened above the pivot of $59.51 today and have reached the first resistance level of $59.87. Investors may be interested in a cross of the next upside pivot targets of $60.07 and $60.63.
Chase Celebrates Its Support For Small Business With $3 Million Mission Main Street(SM) Grants Program
PR Newswire - Wed Sep 03, 9:56AM CDT
Today, Chase continues its ongoing commitment to small business with the launch of Mission Main StreetSM Grants, a program that will award 20 grants of $150,000 to small businesses nationwide. Qualifying businesses that apply for a grant will gain access to a marketing Toolkit and a $150 coupon toward one market research study with Google Consumer Surveys from Premier Sponsor, Google. In addition, the 20 grant recipients will receive a trip to Google for an exclusive small business marketing workshop, a Google Chromebook Laptop computer and a $2,000 coupon toward one market research study with Google Consumer Surveys.
Securian Adds Another Large Plan Expert to Retirement Sales Staff
Business Wire - Wed Sep 03, 8:38AM CDT
Securian Retirement has strengthened its Institutional Retirement Group with the addition of Benjamin Thomason, J.D., as divisional vice president.
The Zacks Analyst Blog Highlights: Wells Fargo, Citigroup, JPMorgan Chase, First Financial Bancorp and First of Long Island
PR Newswire - Wed Sep 03, 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 Wells Fargo & Company (NYSE:WFC-Free Report), Citigroup Inc. (NYSE:C-Free Report), JPMorgan Chase & Co. (NYSE:JPM-Free Report), First Financial Bancorp. (Nasdaq:FFBC-Free Report) and First of Long Island Corp. (Nasdaq:FLIC-Free Report).
Santander Consumer USA Holdings Inc. Announces Pricing of Secondary Offering by Sponsor Auto Finance Holdings Series LP
PR Newswire - Wed Sep 03, 8:28AM CDT
Santander Consumer USA Holdings Inc. (NYSE: SC) (SCUSA) announced today the pricing of a previously announced secondary public offering of 10,047,954 shares of SCUSA's common stock by Sponsor Auto Finance Holdings Series LP ("Sponsor Auto", an investment vehicle jointly owned by investment funds affiliated with certain entities, including Warburg Pincus LLC and Kohlberg Kravis Roberts & Co. L.P. at a public offering price of $18.68 per share. Sponsor Auto 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 September 8, 2014, subject to customary closing conditions.
How Will JPMorgan Chase (JPM) Stock React To This Analyst Upgrade Today?
at The Street - Wed Sep 03, 7:11AM CDT
JPMorgan Chase (JPM) stock is climbing in pre-market trading after the company was upgraded to 'buy' from 'neutral' at Nomura (NMR).
Otonomy Announces Full Exercise of Underwriters' Option to Purchase Additional Shares
GlobeNewswire - Wed Sep 03, 7:00AM CDT
Otonomy, Inc. (Nasdaq:OTIC), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapeutics for diseases and disorders of the inner and middle ear, today announced that the underwriters of its initial public offering of 6,250,000 shares of its common stock exercised in full their option to purchase an additional 937,500 shares of common stock at the initial public offering price of $16.00 per share, less customary underwriting discounts and commissions. The offering of the additional 937,500 shares closed on August 29, 2014. The aggregate net proceeds to Otonomy from the sale of a total of 7,187,500 shares, after deducting underwriting discounts and commissions and other estimated offering expenses, are approximately $104 million. Otonomy's shares began trading on The NASDAQ Global Select Market on August 13, 2014, under the symbol "OTIC."
Santander Consumer USA Holdings Inc. Announces Secondary Offering by Sponsor Auto Finance Holdings Series LP
PR Newswire - Tue Sep 02, 5:14PM CDT
Santander Consumer USA Holdings Inc. (NYSE: SC) ("SCUSA" today announced the public secondary offering of 10,047,954 shares, or 2.88% of our outstanding common stock, by Sponsor Auto Finance Holdings Series LP ("Sponsor Auto", an investment vehicle jointly owned by investment funds affiliated with certain entities, including Warburg Pincus LLC and Kohlberg Kravis Roberts & Co. L.P. Upon completion of the offering, Sponsor Auto will own approximately 1.18% of the common stock of SCUSA. Santander Consumer USA Holdings Inc. will not receive any proceeds from this offering. J.P. Morgan is acting as the sole underwriter for the offering.
SunTrust to Hire 200 for Capital Markets, Stock Research - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 02, 4:25PM CDT
When many big Wall Street banks are retrenching employees amid stricter capital requirements and trading slump, SunTrust (STI) is treading the opposite path.
Russia investment fund hides US advisers' names
By STEPHEN BRAUN and JEFF HORWITZ - AP - Tue Sep 02, 4:08PM CDT
WASHINGTON (AP) — A $10 billion investment fund backed by the Russian government that has avoided being targeted by U.S. economic sanctions over the invasion of Ukraine redesigned its website Tuesday and made it more difficult to find names of prominent U.S. and European executives on its international advisory board.
Wall Street Banks Get Rid of Aluminum Price Fixing Suits - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 02, 3:50PM CDT
Amid heightened regulatory and political scrutiny on banks' ownership of the physical commodity business, the latest dismissal of an antitrust lawsuit brings relief for Goldman Sachs Group, Inc. (GS) and JPMorgan Chase & Co. (JPM) among other banks.
Solid Q2 Earnings for FDIC-Insured Banks, Expenses Down - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 02, 2:05PM CDT
Federal Deposit Insurance Corporation (FDIC)-insured commercial banks and savings institutions reported second-quarter 2014 earnings of $40.2 billion, above the year-ago earnings of $38.2 billion by 5.3%.
Municipal Bonds to Lose Liquid-Asset Status? 2 Banks to Avoid - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 02, 1:16PM CDT
Municipal bonds may no more be part of banks' easily sellable assets following a ruling on Sep 3.
'Fast Money' Recap: Apple Under $100? Now What?
at The Street - 1 hr 10 mins ago
The trading panel discussed Apple stock slide and whether to buy Yum! Brands or McDonald's.
Marsh & McLennan Companies Announces Pricing of $800 Million Senior Notes Offering
Business Wire - Wed Sep 03, 5:34PM CDT
Marsh & McLennan Companies, Inc. (the "Company"
announced today that it has priced $300 million of 2.350% senior notes due 2019 (the "2019 Notes" and $500 million of 3.500% senior notes due 2025 (the "2025 Notes", together with the 2019 Notes, the "Notes". The Company intends to use the net proceeds for general corporate purposes, which may include the redemption of the outstanding aggregate principal amounts of its existing 5.75% senior notes due September 2015 and its existing 9.25% senior notes due April 2019. The closing of the Notes offering is expected to occur on September 10, 2014, subject to certain customary conditions. BofA Merrill Lynch, Deutsche Bank Securities, Barclays, Citigroup and J.P. Morgan are acting as joint book-running managers for the 2019 Notes offering. BofA Merrill Lynch, Deutsche Bank Securities, Goldman, Sachs & Co., HSBC, and Morgan Stanley are acting as joint book-running managers for the 2025 Notes offering. GC Securities, a division of MMC Securities Corp., RBS, Scotiabank and Wells Fargo Securities are acting as co-managers for the Notes offering. Regulators set rules meant to ward off bank crisis
By MARCY GORDON - AP - Wed Sep 03, 4:08PM CDT
WASHINGTON (AP) — Federal regulators are requiring big banks to keep enough high-quality assets on hand to survive during a severe downturn, the latest move under congressional mandate to lessen the likelihood of another financial meltdown.
Chesapeake Lodging Trust Announces Proposed Public Offering of 4,200,000 Common Shares
Business Wire - Wed Sep 03, 3:17PM CDT
Chesapeake Lodging Trust (NYSE:CHSP) (the "Trust"
announced today that it has commenced an underwritten public offering of 4,200,000 common shares. J.P. Morgan is acting as the sole book-running manager for the offering. The underwriter may offer the common shares from time to time in one or more transactions on the New York Stock Exchange, in the over-the-counter market or through negotiated transactions at market prices or at negotiated prices. The Trust expects to grant the underwriter a 30-day option to purchase up to an additional 630,000 common shares. U.S. Liquidity Rules Aim To Make Banks Boring Again
at Investor's Business Daily - Wed Sep 03, 12:52PM CDT
In the ongoing effort to make banks safer and -- in the minds of some observers -- banking more boring, U.S. regulators are approving new liquidity rules to ensure that lenders don't run out of money in the event of another financial crisis. The...
Why Santander Consumer USA (SC) Stock Is Declining Today
at The Street - Wed Sep 03, 11:36AM CDT
Santander Consumer USA (SC) shares are falling after the company priced its secondary public offering at $18.63 per share.
Dow Today: JPMorgan Chase (JPM) Higher
at The Street - Wed Sep 03, 11:00AM CDT
The Dow component leading the way higher looks to be JPMorgan Chase (NYSE:JPM), which is sporting a seven-cent gain (+0.1%) bringing the stock to $59.74.
Watch for Shares of JPMorgan Chase (JPM) to Approach Resistance at $60.07
Comtex SmarTrend(R) - Wed Sep 03, 10:13AM CDT
Shares of JPMorgan Chase (NYSE:JPM) have bullishly opened above the pivot of $59.51 today and have reached the first resistance level of $59.87. Investors may be interested in a cross of the next upside pivot targets of $60.07 and $60.63.
Chase Celebrates Its Support For Small Business With $3 Million Mission Main Street(SM) Grants Program
PR Newswire - Wed Sep 03, 9:56AM CDT
Today, Chase continues its ongoing commitment to small business with the launch of Mission Main StreetSM Grants, a program that will award 20 grants of $150,000 to small businesses nationwide. Qualifying businesses that apply for a grant will gain access to a marketing Toolkit and a $150 coupon toward one market research study with Google Consumer Surveys from Premier Sponsor, Google. In addition, the 20 grant recipients will receive a trip to Google for an exclusive small business marketing workshop, a Google Chromebook Laptop computer and a $2,000 coupon toward one market research study with Google Consumer Surveys.
Securian Adds Another Large Plan Expert to Retirement Sales Staff
Business Wire - Wed Sep 03, 8:38AM CDT
Securian Retirement has strengthened its Institutional Retirement Group with the addition of Benjamin Thomason, J.D., as divisional vice president.
The Zacks Analyst Blog Highlights: Wells Fargo, Citigroup, JPMorgan Chase, First Financial Bancorp and First of Long Island
PR Newswire - Wed Sep 03, 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 Wells Fargo & Company (NYSE:WFC-Free Report), Citigroup Inc. (NYSE:C-Free Report), JPMorgan Chase & Co. (NYSE:JPM-Free Report), First Financial Bancorp. (Nasdaq:FFBC-Free Report) and First of Long Island Corp. (Nasdaq:FLIC-Free Report).
Santander Consumer USA Holdings Inc. Announces Pricing of Secondary Offering by Sponsor Auto Finance Holdings Series LP
PR Newswire - Wed Sep 03, 8:28AM CDT
Santander Consumer USA Holdings Inc. (NYSE: SC) (SCUSA) announced today the pricing of a previously announced secondary public offering of 10,047,954 shares of SCUSA's common stock by Sponsor Auto Finance Holdings Series LP ("Sponsor Auto"
, an investment vehicle jointly owned by investment funds affiliated with certain entities, including Warburg Pincus LLC and Kohlberg Kravis Roberts & Co. L.P. at a public offering price of $18.68 per share. Sponsor Auto 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 September 8, 2014, subject to customary closing conditions. How Will JPMorgan Chase (JPM) Stock React To This Analyst Upgrade Today?
at The Street - Wed Sep 03, 7:11AM CDT
JPMorgan Chase (JPM) stock is climbing in pre-market trading after the company was upgraded to 'buy' from 'neutral' at Nomura (NMR).
Otonomy Announces Full Exercise of Underwriters' Option to Purchase Additional Shares
GlobeNewswire - Wed Sep 03, 7:00AM CDT
Otonomy, Inc. (Nasdaq:OTIC), a clinical-stage biopharmaceutical company focused on the development and commercialization of innovative therapeutics for diseases and disorders of the inner and middle ear, today announced that the underwriters of its initial public offering of 6,250,000 shares of its common stock exercised in full their option to purchase an additional 937,500 shares of common stock at the initial public offering price of $16.00 per share, less customary underwriting discounts and commissions. The offering of the additional 937,500 shares closed on August 29, 2014. The aggregate net proceeds to Otonomy from the sale of a total of 7,187,500 shares, after deducting underwriting discounts and commissions and other estimated offering expenses, are approximately $104 million. Otonomy's shares began trading on The NASDAQ Global Select Market on August 13, 2014, under the symbol "OTIC."
Santander Consumer USA Holdings Inc. Announces Secondary Offering by Sponsor Auto Finance Holdings Series LP
PR Newswire - Tue Sep 02, 5:14PM CDT
Santander Consumer USA Holdings Inc. (NYSE: SC) ("SCUSA"
today announced the public secondary offering of 10,047,954 shares, or 2.88% of our outstanding common stock, by Sponsor Auto Finance Holdings Series LP ("Sponsor Auto", an investment vehicle jointly owned by investment funds affiliated with certain entities, including Warburg Pincus LLC and Kohlberg Kravis Roberts & Co. L.P. Upon completion of the offering, Sponsor Auto will own approximately 1.18% of the common stock of SCUSA. Santander Consumer USA Holdings Inc. will not receive any proceeds from this offering. J.P. Morgan is acting as the sole underwriter for the offering. SunTrust to Hire 200 for Capital Markets, Stock Research - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 02, 4:25PM CDT
When many big Wall Street banks are retrenching employees amid stricter capital requirements and trading slump, SunTrust (STI) is treading the opposite path.
Russia investment fund hides US advisers' names
By STEPHEN BRAUN and JEFF HORWITZ - AP - Tue Sep 02, 4:08PM CDT
WASHINGTON (AP) — A $10 billion investment fund backed by the Russian government that has avoided being targeted by U.S. economic sanctions over the invasion of Ukraine redesigned its website Tuesday and made it more difficult to find names of prominent U.S. and European executives on its international advisory board.
Wall Street Banks Get Rid of Aluminum Price Fixing Suits - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 02, 3:50PM CDT
Amid heightened regulatory and political scrutiny on banks' ownership of the physical commodity business, the latest dismissal of an antitrust lawsuit brings relief for Goldman Sachs Group, Inc. (GS) and JPMorgan Chase & Co. (JPM) among other banks.
Solid Q2 Earnings for FDIC-Insured Banks, Expenses Down - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 02, 2:05PM CDT
Federal Deposit Insurance Corporation (FDIC)-insured commercial banks and savings institutions reported second-quarter 2014 earnings of $40.2 billion, above the year-ago earnings of $38.2 billion by 5.3%.
Municipal Bonds to Lose Liquid-Asset Status? 2 Banks to Avoid - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 02, 1:16PM CDT
Municipal bonds may no more be part of banks' easily sellable assets following a ruling on Sep 3.
