JP Morgan Chase & Co (JPM) 60.91 $JPM
Tiffany & Co. Prices Private Offering of Senior Notes
Business Wire - Mon Sep 22, 4:29PM CDT
Tiffany & Co. (the "Company" or "Tiffany & Co."
(NYSE:TIF) announced today the pricing of $250,000,000 aggregate principal amount of its Senior Notes due 2024 (the "2024 notes" and $300,000,000 aggregate principal amount of its Senior Notes due 2044 (the "2044 notes," and together with the 2024 notes, the "notes" . The initial purchasers of the notes are Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., BNY Mellon Capital Markets, LLC, J.P. Morgan and Mizuho Securities. The coupon on the 2024 notes will be 3.800% per year from the date of issuance, payable semi-annually in arrears. The coupon on the 2044 notes will be 4.900% per year from the date of issuance, payable semi-annually in arrears. The 2024 notes will mature on October 1, 2024, and the 2044 notes will mature on October 1, 2044. The transaction is expected to close on or about September 25, 2014, subject to the satisfaction of various customary closing conditions.
Avanir Pharmaceuticals Announces Proposed Public Offering of Common Stock
PR Newswire - Mon Sep 22, 3:45PM CDT
Avanir Pharmaceuticals, Inc. (NASDAQ: AVNR) today announced that it is offering to sell $200 million of its common stock in an underwritten public offering. J.P. Morgan, Deutsche Bank Securities and BofA Merrill Lynch are acting as joint book-running managers for the offering. Avanir intends to grant the underwriters a 30-day option to purchase additional shares of its common stock. All of the shares to be sold in the offering are being sold by Avanir. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.
Next Big IPO: RBS' Citizens Financial? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 22, 3:19PM CDT
As the recent Chinese e-commerce giant Alibaba Group Holding Limited's debut on the New York Stock Exchange (NYSE) marked the world's third largest initial public offering ('IPO' in history, the market is set to witness yet another big IPO
3 Boutique Investment Bank Stocks to Buy Now - Analyst Blog
Swarup Gupta - Zacks Investment Research - Mon Sep 22, 1:27PM CDT
Boutique firms have made their presence felt and have outperformed their better known peers.
Voya Investment Management to Expand Services to Insurers
PR Newswire - Mon Sep 22, 11:43AM CDT
Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that it is expanding its efforts and investment offerings to meet the long-term investment needs of insurance companies. Specifically, Voya Investment Management (IM) will bring to insurers its proven expertise in investing in private placements, commercial real estate, structured credit, bank loans, high-yield debt, private and public equity, and several other asset classes.
BofA Plea against $1.27B Penalty Shunned by US Government - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 22, 10:30AM CDT
Bank of America (BAC), the second-largest bank in the U.S., continues to hog the limelight, thanks to several litigations and legal issues that it has trapped itself in.
Michelin To Celebrate 10th Edition Of The New York City MICHELIN Guide
PR Newswire - Mon Sep 22, 10:30AM CDT
The MICHELIN Guide New York 2015 edition will go on sale October 1, marking a ten year anniversary for the famous restaurant guide in the Big Apple.
Dividends, Offers for Notes, Survey Results, and Rankings - Research Reports on Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and Discover
PR Newswire - Mon Sep 22, 8:00AM CDT
Today, Analysts Review released its research reports regarding Bank of America Corporation (NYSE: BAC), Citigroup Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Company (NYSE: WFC) and Discover Financial Services (NASDAQ: DFS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6642-100free.
Tiffany & Co. to Offer Senior Notes
Business Wire - Mon Sep 22, 7:53AM CDT
Tiffany & Co. (the "Company" or "Tiffany & Co." (NYSE:TIF) announced today its intention to offer, subject to market and other conditions, its Senior Notes due 2024 and Senior Notes due 2044 (together, the "notes" in an aggregate principal amount of $500,000,000. The initial purchasers of the notes are expected to be Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., BNY Mellon Capital Markets, LLC, J.P. Morgan and Mizuho Securities. The Company intends to use the net proceeds from the notes offering to redeem (i) all $100,000,000 principal amount outstanding of its 9.05% Series A Senior Notes due December 23, 2015; (ii) all $125,000,000 principal amount outstanding of its 10.0% Series A-2009 Senior Notes due February 13, 2017; (iii) all $50,000,000 principal amount outstanding of its 10.0% Series A Senior Notes due April 9, 2018; and (iv) all $125,000,000 principal amount outstanding of its 10.0% Series B-2009 Senior Notes due February 13, 2019 prior to maturity in accordance with the respective note purchase agreements governing such notes. The Company intends to use any remaining net proceeds from the sale of the notes for general corporate purposes. As a result of the redemptions, the Company expects to record a debt extinguishment charge, which it estimates will, for the fiscal year ending January 31, 2015, reduce net earnings by approximately $55 million - $70 million and net earnings per diluted share by approximately $0.43 to $0.53.
Stop Pretending That Your Credit Card Information Is Secure
at The Street - Sun Sep 21, 7:00AM CDT
Home Depot, Target, TJX and Neiman Marcus shoppers already know U.S. credit card security is worthless. A more secure option is out there, but merchants won't pay for it.
Is a Credit Card Balance Transfer Right for You?
Matthew Frankel, The Motley Fool - Motley Fool - Sat Sep 20, 11:05AM CDT
Credit card companies offer all sorts of "welcome gifts" to entice consumers to apply for their cards. One of the most common is special interest rates on balance transfers, and some cards won't charge you any interest on transfers for a year and a...
JPMorgan to Redeem $1.7B Worth of Subordinated Notes - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Sep 19, 5:40PM CDT
JPMorgan Chase (JPM)) is planning to redeem callable subordinated notes worth nearly $1.7 billion.
World Bank Issues a 5 million USD Callable Step-Up Green Bond
Business Wire - Fri Sep 19, 5:27PM CDT
Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), announced a USD 5 million 10-year callable step-up green bond. This green bond was lead managed by J.P. Morgan (JPM) which has underwritten $565 million in IBRD green bonds to date.
Fitch Affirms JPMCC 2011-PLSD; Revises Outlooks
Business Wire - Fri Sep 19, 2:42PM CDT
Fitch Ratings has affirmed all classes of J.P. Morgan Chase Commercial Mortgage Securities Trust 2011-PLSD and revised Rating Outlooks on classes D and X-B to Negative from Stable. A detailed list of rating actions follows at the end of this press release.
Why Bank of America, JPMorgan, Wells Fargo Are Finally Waking Up
at The Street - Fri Sep 19, 10:26AM CDT
Treasury yields are rising, and so are bank profit expectations, but investors may be ahead of fundamentals.
Bank Stock Roundup: Stress Test Results Bring Optimism, Citigroup Restructuring Continues - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Sep 19, 10:06AM CDT
While pre-crisis mortgage issues prevailed, active restructuring activities and the 2014 Mid-Cycle Stress Test results were more prominent in the last five trading days. Citigroup Inc. (C) was in the limelight for its restructuring activities.
Stock Market News for September 19, 2014 - Market News
Zacks Equity Research - Zacks Investment Research - Fri Sep 19, 9:10AM CDT
Benchmarks settled in the green on Thursday a day after Fed’s pledge to keep short-term interest rates near zero for a “considerable time”
JPMorgan Chase & Co. Announces Two-Year, $35 Million Commitment to Improve Consumer Financial Security
Business Wire - Fri Sep 19, 8:34AM CDT
--Former First Lady of California Maria Shriver commends JPMorgan Chase for the development of innovative solutions to help customers solve financial insecurity
People's United Financial, Inc. Names William Cruger To Board Of Directors
PR Newswire - Fri Sep 19, 7:00AM CDT
People's United Financial, Inc. (Nasdaq: PBCT), the holding company for People's United Bank, announced today that its Board of Directors approved an increase in the size of the Board of Directors to twelve members and appointed William F. Cruger, Jr. as a director to fill the vacancy created by that action.
JPMorgan Chase Announces Redemption of $1.7 Billion of Fixed/Floating Rate Subordinated Notes
Business Wire - Thu Sep 18, 8:28PM CDT
JPMorgan Chase & Co. (NYSE:JPM) today announced that the following series of fixed/floating rate callable subordinated notes will be redeemed on the redemption dates indicated:
Tiffany & Co. Prices Private Offering of Senior Notes
Business Wire - Mon Sep 22, 4:29PM CDT
Tiffany & Co. (the "Company" or "Tiffany & Co."
(NYSE:TIF) announced today the pricing of $250,000,000 aggregate principal amount of its Senior Notes due 2024 (the "2024 notes" and $300,000,000 aggregate principal amount of its Senior Notes due 2044 (the "2044 notes," and together with the 2024 notes, the "notes" . The initial purchasers of the notes are Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., BNY Mellon Capital Markets, LLC, J.P. Morgan and Mizuho Securities. The coupon on the 2024 notes will be 3.800% per year from the date of issuance, payable semi-annually in arrears. The coupon on the 2044 notes will be 4.900% per year from the date of issuance, payable semi-annually in arrears. The 2024 notes will mature on October 1, 2024, and the 2044 notes will mature on October 1, 2044. The transaction is expected to close on or about September 25, 2014, subject to the satisfaction of various customary closing conditions. Avanir Pharmaceuticals Announces Proposed Public Offering of Common Stock
PR Newswire - Mon Sep 22, 3:45PM CDT
Avanir Pharmaceuticals, Inc. (NASDAQ: AVNR) today announced that it is offering to sell $200 million of its common stock in an underwritten public offering. J.P. Morgan, Deutsche Bank Securities and BofA Merrill Lynch are acting as joint book-running managers for the offering. Avanir intends to grant the underwriters a 30-day option to purchase additional shares of its common stock. All of the shares to be sold in the offering are being sold by Avanir. The offering is subject to market conditions, and there can be no assurance as to whether or when the offering may be completed, or the actual size or terms of the offering.
Next Big IPO: RBS' Citizens Financial? - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 22, 3:19PM CDT
As the recent Chinese e-commerce giant Alibaba Group Holding Limited's debut on the New York Stock Exchange (NYSE) marked the world's third largest initial public offering ('IPO'
in history, the market is set to witness yet another big IPO 3 Boutique Investment Bank Stocks to Buy Now - Analyst Blog
Swarup Gupta - Zacks Investment Research - Mon Sep 22, 1:27PM CDT
Boutique firms have made their presence felt and have outperformed their better known peers.
Voya Investment Management to Expand Services to Insurers
PR Newswire - Mon Sep 22, 11:43AM CDT
Voya Investment Management, the asset management business of Voya Financial, Inc. (NYSE: VOYA), announced today that it is expanding its efforts and investment offerings to meet the long-term investment needs of insurance companies. Specifically, Voya Investment Management (IM) will bring to insurers its proven expertise in investing in private placements, commercial real estate, structured credit, bank loans, high-yield debt, private and public equity, and several other asset classes.
BofA Plea against $1.27B Penalty Shunned by US Government - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Sep 22, 10:30AM CDT
Bank of America (BAC), the second-largest bank in the U.S., continues to hog the limelight, thanks to several litigations and legal issues that it has trapped itself in.
Michelin To Celebrate 10th Edition Of The New York City MICHELIN Guide
PR Newswire - Mon Sep 22, 10:30AM CDT
The MICHELIN Guide New York 2015 edition will go on sale October 1, marking a ten year anniversary for the famous restaurant guide in the Big Apple.
Dividends, Offers for Notes, Survey Results, and Rankings - Research Reports on Bank of America, Citigroup, JPMorgan Chase, Wells Fargo and Discover
PR Newswire - Mon Sep 22, 8:00AM CDT
Today, Analysts Review released its research reports regarding Bank of America Corporation (NYSE: BAC), Citigroup Inc. (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Company (NYSE: WFC) and Discover Financial Services (NASDAQ: DFS). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/6642-100free.
Tiffany & Co. to Offer Senior Notes
Business Wire - Mon Sep 22, 7:53AM CDT
Tiffany & Co. (the "Company" or "Tiffany & Co."
(NYSE:TIF) announced today its intention to offer, subject to market and other conditions, its Senior Notes due 2024 and Senior Notes due 2044 (together, the "notes" in an aggregate principal amount of $500,000,000. The initial purchasers of the notes are expected to be Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman, Sachs & Co., BNY Mellon Capital Markets, LLC, J.P. Morgan and Mizuho Securities. The Company intends to use the net proceeds from the notes offering to redeem (i) all $100,000,000 principal amount outstanding of its 9.05% Series A Senior Notes due December 23, 2015; (ii) all $125,000,000 principal amount outstanding of its 10.0% Series A-2009 Senior Notes due February 13, 2017; (iii) all $50,000,000 principal amount outstanding of its 10.0% Series A Senior Notes due April 9, 2018; and (iv) all $125,000,000 principal amount outstanding of its 10.0% Series B-2009 Senior Notes due February 13, 2019 prior to maturity in accordance with the respective note purchase agreements governing such notes. The Company intends to use any remaining net proceeds from the sale of the notes for general corporate purposes. As a result of the redemptions, the Company expects to record a debt extinguishment charge, which it estimates will, for the fiscal year ending January 31, 2015, reduce net earnings by approximately $55 million - $70 million and net earnings per diluted share by approximately $0.43 to $0.53. Stop Pretending That Your Credit Card Information Is Secure
at The Street - Sun Sep 21, 7:00AM CDT
Home Depot, Target, TJX and Neiman Marcus shoppers already know U.S. credit card security is worthless. A more secure option is out there, but merchants won't pay for it.
Is a Credit Card Balance Transfer Right for You?
Matthew Frankel, The Motley Fool - Motley Fool - Sat Sep 20, 11:05AM CDT
Credit card companies offer all sorts of "welcome gifts" to entice consumers to apply for their cards. One of the most common is special interest rates on balance transfers, and some cards won't charge you any interest on transfers for a year and a...
JPMorgan to Redeem $1.7B Worth of Subordinated Notes - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Sep 19, 5:40PM CDT
JPMorgan Chase (JPM)) is planning to redeem callable subordinated notes worth nearly $1.7 billion.
World Bank Issues a 5 million USD Callable Step-Up Green Bond
Business Wire - Fri Sep 19, 5:27PM CDT
Today, the World Bank (International Bank for Reconstruction and Development, IBRD, rated Aaa/AAA), announced a USD 5 million 10-year callable step-up green bond. This green bond was lead managed by J.P. Morgan (JPM) which has underwritten $565 million in IBRD green bonds to date.
Fitch Affirms JPMCC 2011-PLSD; Revises Outlooks
Business Wire - Fri Sep 19, 2:42PM CDT
Fitch Ratings has affirmed all classes of J.P. Morgan Chase Commercial Mortgage Securities Trust 2011-PLSD and revised Rating Outlooks on classes D and X-B to Negative from Stable. A detailed list of rating actions follows at the end of this press release.
Why Bank of America, JPMorgan, Wells Fargo Are Finally Waking Up
at The Street - Fri Sep 19, 10:26AM CDT
Treasury yields are rising, and so are bank profit expectations, but investors may be ahead of fundamentals.
Bank Stock Roundup: Stress Test Results Bring Optimism, Citigroup Restructuring Continues - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Fri Sep 19, 10:06AM CDT
While pre-crisis mortgage issues prevailed, active restructuring activities and the 2014 Mid-Cycle Stress Test results were more prominent in the last five trading days. Citigroup Inc. (C) was in the limelight for its restructuring activities.
Stock Market News for September 19, 2014 - Market News
Zacks Equity Research - Zacks Investment Research - Fri Sep 19, 9:10AM CDT
Benchmarks settled in the green on Thursday a day after Fed’s pledge to keep short-term interest rates near zero for a “considerable time”
JPMorgan Chase & Co. Announces Two-Year, $35 Million Commitment to Improve Consumer Financial Security
Business Wire - Fri Sep 19, 8:34AM CDT
--Former First Lady of California Maria Shriver commends JPMorgan Chase for the development of innovative solutions to help customers solve financial insecurity
People's United Financial, Inc. Names William Cruger To Board Of Directors
PR Newswire - Fri Sep 19, 7:00AM CDT
People's United Financial, Inc. (Nasdaq: PBCT), the holding company for People's United Bank, announced today that its Board of Directors approved an increase in the size of the Board of Directors to twelve members and appointed William F. Cruger, Jr. as a director to fill the vacancy created by that action.
JPMorgan Chase Announces Redemption of $1.7 Billion of Fixed/Floating Rate Subordinated Notes
Business Wire - Thu Sep 18, 8:28PM CDT
JPMorgan Chase & Co. (NYSE:JPM) today announced that the following series of fixed/floating rate callable subordinated notes will be redeemed on the redemption dates indicated:
