JPM News 59.99 09/17/2014 05:18:28 JP Morgan Chase & Co (JPM

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Virginia sues banks for $1.15 bil
at Investor's Business Daily - Tue Sep 16, 5:53PM CDT
The state is suing 13 banks, including Citigroup (C), Morgan Stanley (MS), JPMorgan Chase (JPM) and Goldman Sachs (GS), claiming they "fraudulently misrepresented" residential mortgage-backed securities in sales to Virginia's retirement fund.

PennantPark Investment Corporation Prices Public Offering of $250 Million 4.50% Notes Due 2019
Marketwire - Tue Sep 16, 4:23PM CDT
PennantPark Investment Corporation (the "Company" (NASDAQ: PNNT) announced that it has priced an underwritten public offering of $250 million in aggregate principal amount of its 4.50% unsecured notes due 2019. The notes will mature on October 1, 2019 and may be redeemed in whole or in part at the Company's option at any time at par plus a "make-whole" premium, if applicable. The offering is expected to close on September 23, 2014, subject to customary closing conditions.

Is Wells Fargo One of the Best Companies in America?
Patrick Morris, The Motley Fool - Motley Fool - Tue Sep 16, 2:43PM CDT
In partnership with Glassdoor , our investment analysts are taking a closer look at some of the most popular companies in Glassdoor's career community.  While it isn't the largest bank in the country based on the assets on its balance sheet --...

Skip the Alibaba IPO -- Buy These Bank Stocks Ahead of Earnings Instead
at The Street - Tue Sep 16, 12:39PM CDT
Everyone’s clamoring for the mother of all IPOs. But here's why bank stocks are a better bet.

Is Bank of America One of the Best Companies in America?
Patrick Morris, The Motley Fool - Motley Fool - Tue Sep 16, 12:05PM CDT
In partnership with Glassdoor , our investment analysts are taking a closer look at some of the most popular companies in Glassdoor's career community.  Knowing just last month Bank of America reached a historic $17 billion settlement,...

Why Pandora (P) Stock Is Rising Today
at The Street - Tue Sep 16, 11:22AM CDT
Pandora (P) shares are up after having its 'overweight' rating reiterated by analysts at JPMorgan (JPM) on Tuesday.

JPMorgan Chase (JPM) Declares 40c Quarterly Dividend
at The Street - Tue Sep 16, 10:50AM CDT
JPMorgan Chase (JPM) declares a quarterly dividend of 40 cents a share, payable on Oct. 31 to all shareholders of record on Oct. 6.

JPMorgan Chase Declares Common Stock Dividend
Business Wire - Tue Sep 16, 10:23AM CDT
The Board of Directors of JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm" today declared a quarterly dividend of 40 cents per share on the outstanding shares of the common stock of JPMorgan Chase. The dividend is payable on October 31, 2014, to stockholders of record at the close of business on October 6, 2014.

Will B/E Aerospace (BEAV) Stock Be Helped By This Ratings Upgrade Today?
at The Street - Tue Sep 16, 8:33AM CDT
B/E Aerospace (BEAV) was upgraded to 'overweight' from 'neutral' at JPMorgan (JPM).

Macomb Community College and JPMorgan Chase Launch $2.7 Million Innovation Fund to Support Detroit-Area Entrepreneurs
Business Wire - Tue Sep 16, 8:01AM CDT
--Commended by Michigan Governor Snyder and Detroit Mayor Duggan, Innovation Fund will provide start-ups and emerging businesses with capital and internship opportunities for Macomb students

Ross Stores Prices $250 Million Notes Offering
PR Newswire - Tue Sep 16, 7:30AM CDT
Ross Stores, Inc. (Nasdaq: ROST) today announced the pricing of the public offering of $250 million of senior notes due in 2024. The notes will be issued at a price of 99.329% of their principal amount and will bear interest at a rate of 3.375% per annum. The Company intends to use the net proceeds from this offering primarily to fund the purchase of its New York Buying Office building, which is expected to close by the end of September 2014. Any remaining net proceeds from this offering will be used for general corporate purposes, which may include funding the Company's share repurchase program, meeting its working capital requirements, and funding capital expenditures related to its continued store growth and store remodeling programs. This note offering is projected to settle on September 18, 2014, subject to customary closing conditions.

Alibaba Ups IPO Price Band to $66-$68 on Robust Demand - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue Sep 16, 7:29AM CDT
Alibaba Group Holding Ltd.'s amended filing with the U.S. Securities and Exchange Commission revealed that the company increased the price range of its pending Initial Public Offering (IPO) to $66-$68 from $60-$66 per share.

JPMorgan Chase Announces 2014 Dodd-Frank Mid-Cycle Stress Test Results
Business Wire - Mon Sep 15, 4:57PM CDT
JPMorgan Chase & Co. (NYSE:JPM) ("JPMorgan Chase" or the "Firm" announced today that it has released the results of its 2014 Dodd-Frank Act Mid-Cycle Stress Test for JPMorgan Chase & Co.

Is Goldman Sachs One of the Best Companies in America?
John Maxfield, The Motley Fool - Motley Fool - Mon Sep 15, 12:16PM CDT
In partnership with Glassdoor , our investment analysts are taking a closer look at some of the most popular companies in Glassdoor's career community. Goldman Sachs sets the standard for excellence both on Wall Street and throughout the ...

AK Steel Prices Shares, Senior Unsecured Notes Offerings - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 15, 12:10PM CDT
AK Steel (AKS) has priced its earlier announced offerings of common stock and senior unsecured notes.

JPMorgan Chase (JPM) Approaches New Downside Target of $59.40
Comtex SmarTrend(R) - Mon Sep 15, 10:41AM CDT
Shares of JPMorgan Chase (NYSE:JPM) have bearishly opened below the pivot of $60.06 today and have reached the first support level of $59.72. Investors may be interested in a cross of the next downside pivot targets of $59.40 and $58.74.

Will Health Care REIT's Share Offering Boost Liquidity? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 15, 9:50AM CDT
Health Care REIT (HCN) is projected to reap around $988 million (or $1.1 billion, if underwriters' option is fully exercised) in proceeds from the recently declared common shares offering.

Leading Wall Street Strategist Thomas Lee Announces Formation Of Fundstrat(TM) Global Advisors
PR Newswire - Mon Sep 15, 9:00AM CDT
Top-ranked Wall Street strategist, Thomas Lee, today announced the formation of Fundstrat Global Advisors, an independent fundamental strategy and research boutique for institutional investors. Mr. Lee was previously J.P. Morgan's Chief Equity Strategist before founding Fundstrat. The firm is headquartered in Midtown Manhattan and will be launching its first research report this week.

Why Rackspace Hosting (RAX) Stock Is Slumping Today
at The Street - Mon Sep 15, 8:54AM CDT
Shares of Rackspace Hosting (RAX) are down in early market trading after the company was downgraded to 'neutral' from 'overweight' at JPMorgan Chase (JPM).

Why DigitalGlobe (DGI) Stock Is Higher Today?
at The Street - Mon Sep 15, 8:37AM CDT
DigitalGlobe (DGI) was upgraded to 'overweight' from 'neutral' at JPMorgan (JPM).
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