Global stocks tumble after Britain votes to leave the EU
By MARLEY JAY - AP - Fri Jun 24, 5:00PM CDT
NEW YORK (AP) — Stocks plunged in the U.S. and worldwide Friday after Britain voted to leave the European Union. The result stunned investors, who reacted by rushing to the safety of gold and U.S. government bonds as they wondered what will come next for Britain, Europe and the global economy.
JPM: 59.60 (-4.45), DUK: 82.43 (+0.38), IBM: 146.59 (-8.76), C: 40.30 (-4.16), BAC: 13.00 (-1.04)
Banks Show Second Straight Win in Fed Stress Test
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 3:35PM CDT
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)
Global Blood Therapeutics Announces Closing of Public Offering of Common Stock
PR Newswire - Fri Jun 24, 3:05PM CDT
Global Blood Therapeutics, Inc. (GBT) (NASDAQ: GBT), a biopharmaceutical company developing novel therapeutics for the treatment of grievous blood-based disorders with significant unmet needs, today announced the closing of its previously announced underwritten public offering of 6,400,000 shares of common stock, at the public offering price of $18.75 per share. All of the shares in the offering were offered by GBT. GBT estimates net proceeds from the offering to be approximately $112.3 million, after deducting underwriting discounts and commissions and estimated offering expenses.
GBT: 15.69 (-1.05), JPM: 59.60 (-4.45)
How Does Brexit Affect Britain's Economic Future?
Afrasiab Mian - Zacks Investment Research - Fri Jun 24, 2:46PM CDT
In news that shocked the market, the U.K. voted to leave the EU by a slim margin of 2%. The result of the historic vote has mixed reactions globally, as well as many deeper ramifications that must be considered.
BCS: 8.89 (-2.29), GS: 141.86 (-10.80), JPM: 59.60 (-4.45), C: 40.30 (-4.16), HSBC: 30.68 (-3.05), RBS: 5.43 (-2.06), LYG: 3.33 (-1.01)
Brexit Repercussions Hit UK-Exposed Banks, Tank Share Prices
Adam Clark - Zacks Investment Research - Fri Jun 24, 2:31PM CDT
After yesterday's decision from Britain to leave the European Union, global markets and investors are facing a great uncertainty, and so too is the banking Sector. Here are a few of the banking stocks taking a hit today.
BCS: 8.89 (-2.29), JPM: 59.60 (-4.45), DB: 14.72 (-3.12), RBS: 5.43 (-2.06)
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)
Bank Stock Roundup: Positive Stress Test Results, Brexit Makes Headlines; BofA in Focus
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 11:10AM CDT
Over the last five trading days, the major banks showed a bullish trend. Investors' confidence received a boost with the banks clearing the annual regulatory stress test successfully.
AXP: 60.06 (-3.19), JPM: 59.60 (-4.45), C: 40.30 (-4.16), COST: 155.56 (-1.47), BAC: 13.00 (-1.04), WFC: 45.71 (-2.20), PNC: 81.08 (-5.59)
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)
Stock Market News for June 24, 2016
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 9:10AM CDT
Benchmarks ended higher on Thursday, with the Dow posting its biggest gain since March as the latest poll showed support for the U.K
JPM: 59.60 (-4.45), C: 40.30 (-4.16), EOG: 81.06 (-3.44), XOM: 89.39 (-2.41), COP: 43.17 (-2.46), BAC: 13.00 (-1.04), WFC: 45.71 (-2.20), CVX: 101.90 (-2.54), BRK.B: 139.71 (-6.27)
Brexit May Spell Doom for These 5 S&P 500 Stocks
Zacks Equity Research - Zacks Investment Research - Fri Jun 24, 8:56AM CDT
We narrow in on five S&P 500 stocks that are likely to suffer a fall following Brexit.
JPM: 59.60 (-4.45), WLTW: 117.01 (-10.64), PPL: 37.18 (-2.26), IVZ: 25.57 (-4.05), APA: 54.86 (-3.30), TAP: 98.08 (-3.87)
Bloody Hell? Brexit Wins!
Mark Vickery - Zacks Investment Research - Fri Jun 24, 8:16AM CDT
Great Britain has shocked the global markets by voting to exit the European Union, by a vote of 51.8% to 48.2%.
JPM: 59.60 (-4.45), C: 40.30 (-4.16), BAC: 13.00 (-1.04)
Business Highlights
By The Associated Press - AP - Thu Jun 23, 5:11PM CDT
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JPM: 59.60 (-4.45), C: 40.30 (-4.16), WFC: 45.71 (-2.20), BAC: 13.00 (-1.04), BA: 126.52 (-7.03)
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)
Watch for JPMorgan Chase to Potentially Pullback After Gaining 2.10% Yesterday
Comtex SmarTrend(R) - Thu Jun 23, 11:51AM CDT
JPMorgan Chase (NYSE:JPM) traded in a range yesterday that spanned from a low of $63.53 to a high of $64.15. Yesterday, the shares gained 2.1%, which took the trading range above the 3-day high of $63.85 on volume of 5.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
JPM: 59.60 (-4.45)
USA Compression Partners to Participate in the J.P. Morgan Inaugural Energy Equity Investor Conference
BusinessWire - Thu Jun 23, 5:00AM CDT
USA Compression Partners, LP (NYSE: USAC) today announced that members of its senior management will participate in the J.P. Morgan Inaugural Energy Equity Investor Conference, to be held in New York City on June 27 - 29, 2016. Senior management will participate in a series of meetings with institutional investors on Monday, June 27, and presentation materials used during these meetings will be posted to the Partnership's website early that morning. Please visit the Investor Relations section of the website at www.usacompression.com under "Presentations."
JPM: 59.60 (-4.45), USAC: 14.46 (-0.06)
Enviva Partners, LP to Present at the 2016 J.P. Morgan Energy Equity Conference
BusinessWire - Wed Jun 22, 3:07PM CDT
Members of Enviva Partners, LP's (NYSE: EVA) management team will attend the 2016 J.P. Morgan Energy Equity Conference. John Keppler, Chairman and Chief Executive Officer, will be presenting at the conference on Wednesday, June 29th, 2016 at 12:20 p.m. Eastern Time.
EVA: 22.47 (-0.68), JPM: 59.60 (-4.45)
Marathon Petroleum Corporation to present at J.P. Morgan Energy Equity Conference June 27
Globe Newswire - Wed Jun 22, 2:13PM CDT
FINDLAY, Ohio, June 22, 2016 - On Monday, June 27, Marathon Petroleum Corporation (NYSE: MPC) Chairman, President and CEO Gary R. Heminger will deliver a presentation to investors and industry analysts at the J.P. Morgan Energy Equity Investor Conference in New York City.
JPM: 59.60 (-4.45), MPC: 35.33 (-1.29)
The Zacks Analyst Blog Highlights: BP, JPMorgan Chase, eBay and Caterpillar
Zacks Equity Research - Zacks Investment Research - Wed Jun 22, 8:30AM CDT
The Zacks Analyst Blog Highlights: BP, JPMorgan Chase, eBay and Caterpillar
EBAY: 23.13 (-1.72), JPM: 59.60 (-4.45), BP: 32.98 (-1.65), CAT: 73.03 (-5.19)