Banks Show Second Straight Win in Fed Stress Test
Zacks Equity Research - Zacks Investment Research - 38 mins ago
The Federal Reserve released the DFAST 2016 results, which reflected the continued stability in the banking system despite the Fed's harsher hypothetical "severely adverse" scenario this time.
GS: 141.86 (-10.80), HBAN: 8.61 (-0.82), JPM: 59.60 (-4.45), C: 40.30 (-4.16), BAC: 13.00 (-1.04), WFC: 45.71 (-2.20), BK: 37.99 (-3.55), MS: 24.52 (-2.77)
Brexit Wins, But at what Cost to British Firms?
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 11:13AM CDT
Britain's decision to leave the EU has dropped a bombshell on two of its major sectors, finance and technology.
BCS: 8.89 (-2.29), JPM: 59.60 (-4.45), BT: 26.86 (-5.98), HSBC: 30.68 (-3.05), MS: 24.52 (-2.77)
Brexit Mandate: 4 Sectors & Their Stocks Under Pressure
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 9:40AM CDT
Thanks to Brexit, the market is going to move significantly one way or the other.
F: 12.52 (-0.88), GS: 141.86 (-10.80), JPM: 59.60 (-4.45), C: 40.30 (-4.16), EOG: 81.06 (-3.44), COP: 43.17 (-2.46), APA: 54.86 (-3.30), BAC: 13.00 (-1.04), PAG: 33.19 (-3.83), MS: 24.52 (-2.77)
Are U.S. Bank Stocks Fated for a Huge Fall Post Brexit?
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 9:23AM CDT
Major U.S. banking giants plunged in premarket trading on Friday following the U.K. vote
GS: 141.86 (-10.80), JPM: 59.60 (-4.45), C: 40.30 (-4.16), BAC: 13.00 (-1.04), MS: 24.52 (-2.77)
Brexit specter rocks global financial markets
By YOUKYUNG LEE - AP - Thu Jun 23, 11:34PM CDT
SEOUL, South Korea (AP) — Global financial markets dived on Friday as media reports forecast that British voters had opted to leave the European Union, shocking investors and triggering jitters across the globe.
VLO: 52.56 (-1.15), C: 40.30 (-4.16), M: 32.08 (-1.30), COP: 43.17 (-2.46), BAC: 13.00 (-1.04), CVX: 101.90 (-2.54), MS: 24.52 (-2.77)
Nation's largest banks all pass Fed's 'stress tests'
By KEN SWEET - AP - Thu Jun 23, 4:36PM CDT
NEW YORK (AP) — The largest U.S. financial institutions have enough armor to withstand the turmoil of a major and prolonged national and global recession, the Federal Reserve said Thursday.
JPM: 59.60 (-4.45), C: 40.30 (-4.16), WFC: 45.71 (-2.20), BAC: 13.00 (-1.04), MS: 24.52 (-2.77)
Fitch Affirms MSCI 2007-TOP25
BusinessWire - Wed Jun 22, 4:42PM CDT
Fitch Ratings has affirmed 17 classes of Morgan Stanley Capital I Trust 2007-TOP25 (MSCI 2007-TOP25) commercial mortgage pass-through certificates. A full list of rating actions follows at the end of this ratings action commentary.
MS: 24.52 (-2.77)
Innocoll Holdings plc Announces Closing of Public Offering
GlobeNewswire - Wed Jun 22, 3:30PM CDT
Innocoll Holdings plc (Nasdaq:INNL), a specialty pharmaceutical and medical device company with late stage development programs targeting areas of significant unmet medical need, today announced the closing of its previously announced underwritten public offering of 5,725,000 ordinary shares at a public offering price of $7.00 per ordinary share. In addition, Innocoll has granted the underwriters of the offering a 30-day option to purchase up to an additional 858,750 ordinary shares in connection with the offering to cover over-allotments.
INNL: 5.20 (-0.30), MS: 24.52 (-2.77)
Morgan Stanley (MS) Crosses Pivot Point Resistance at $26.40
Comtex SmarTrend(R) - Wed Jun 22, 9:12AM CDT
Shares of Morgan Stanley (NYSE:MS) opened today above their pivot of $26.10 and have already reached the first level of resistance at $26.40. Investors may be interested in a cross of the next upside pivot targets of $26.60 and $27.10.
MS: 24.52 (-2.77)
Stock Market News for June 21, 2016
Zacks Equity Research - Zacks Investment Research - Tue Jun 21, 9:10AM CDT
Benchmarks ended higher on Monday after polls suggest that the U.K. will remain in the European Union
MMM: 169.12 (-4.99), NSC: 82.64 (-4.36), GE: 29.82 (-1.37), AXP: 60.06 (-3.19), C: 40.30 (-4.16), BAC: 13.00 (-1.04), WFC: 45.71 (-2.20), CSX: 25.70 (-1.30), BA: 126.52 (-7.03), UPS: 104.41 (-2.81), MS: 24.52 (-2.77), EOG: 81.06 (-3.44), CVX: 101.90 (-2.54), UNP: 85.25 (-3.29)