All Posts Tagged With: "DB"
(BAC) Fitch Ratings Downgrades Giant Wall Street Banks
Adding to the ongoing economic concerns, Fitch Ratings lowered its viability ratings on eight major global banks on Thursday. Moreover, long-term issuer-default ratings were also downgraded on six major U.S. and European banks. The banks experiencing fall in their viability ratings...
24Dec2011 | vitalstocks | 0 comments | Continued(AIG) American International Group ILFC to Raise $650 Million from Notes
Yesterday, American International Group Inc.’s (AIG) aircraft leasing unit – International Lease Finance Corporation (ILFC) – announced the issue of long term notes worth $650 million. Accordingly, the unsecured notes of $650 million are issued at an initial price of $100.00...
21Dec2011 | vitalstocks | 0 comments | Continued(BAC) Standard & Poor’s Downgrades Giant Wall Street Banks
On Tuesday, Standard & Poor’s (S&P) lowered its credit ratings for many U.S. and European banks. Out of 37 banks reviewed by S&P, ratings for 15 were downgraded, ratings remained unchanged for 20 and the remaining 2 were awarded upgraded ratings. The banks whose...
30Nov2011 | vitalstocks | 0 comments | Continued(IMF) IMF Introduces Bailout Fund – A Thanksgiving Gift For Europe?
When the world economy is reeling under the European sovereign debt crisis and ever-increasing uncertainty in the continent across the Atlantic, here’s some good news from the International Monetary Fund (IMF). The IMF has introduced a bailout fund called Precautionary and...
24Nov2011 | vitalstocks | 0 comments | Continued(EU) Non-U.S. Banks Stock Update – November 2011 – Industry Outlook
The global banking industry is still a sorry sight, and its near term looks even worse with several negatives like asset-quality troubles, weak revenue growth, steeper costs and weak loan demand. But thanks to the worldwide regulatory reform, the sector has at least entered a...
1Nov2011 | vitalstocks | 0 comments | Continued(GS) Volcker Rule Extension Risks Jobs?
The controversial Volcker Rule that restricts proprietary trading of U.S. banks may also be enforced on foreign banks with operations in the country, Bloomberg reported on Friday, following communication with four people familiar with the matter. The legislation is part of the...
20Sep2011 | vitalstocks | 0 comments | Continued(BAC) Company News for September 16, 2011 – Corporate Summary
• Pier 1 Imports (NYSE:PIR) posted Q2 EPS of $0.14, in line with Zacks Consensus Estimates. Revenues for the quarter rose 9.6% to $339.6 million • Swiss bank UBS AG’s (NYSE:UBS) share prices fell 10.02% after the banking giant revealed that rogue trading...
16Sep2011 | vitalstocks | 0 comments | Continued(BBY) Company News for September 14, 2011 – Corporate Summary
• Best Buy Co., Inc. (NYSE:BBY) posted Q2 EPS of $0.47, lower than the Zacks Consensus Estimate of $0.53 per share. Revenues for the quarter were flat year-over-year at $11.35 billion, missing the Zacks Consensus Estimate of $11.442 billion • Share prices of airline...
14Sep2011 | vitalstocks | 0 comments | Continued(GS) The Goldman Sachs Group Ends Litton Sale
Last week, The Goldman Sachs Group Inc. (GS) completed the sale of Litton Loan Servicing to Ocwen Financial Corp. (OCN) for $264.0 million, after getting approval from federal and New York state regulators. Goldman has been ordered by the Fed to conduct an independent review...
11Sep2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for September 7, 2011 – Market News
European debt concerns sent stocks down for the third-straight day after investors returned from a long weekend. The benchmarks suffered their worst three-day start this month since October 2008. This was also the S&P 500’s worst start in September in five decades. However,...
7Sep2011 | vitalstocks | 0 comments | Continued(ADP) Stock Market News for September 6, 2011 – Market News
Government jobs data came in at its worst in 11 months, sending benchmarks on a downward spiral on Friday. With zero jobs being added, the markets also suffered their sixth weekly decline in seven weeks, and recessionary fears crept back to dampen sentiment. Additionally, banking...
6Sep2011 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for August 26, 2011 – Market News
Tense investors chose to raise cash ahead of the Federal Chairman’s speech at Jackson Hole and subsequently dragged the benchmarks lower, negating the effect of Warren Buffet’s $5 billion investment in Bank of America. Additionally, the jobs market painted another gloomy...
26Aug2011 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group Again Entangled in Lawsuit
Yesterday, The Goldman Sachs Group Inc. (GS) was sued by The Allstate Corporation (ALL), the largest publicly traded U.S. home and auto insurer. The complaint lodged claims that Goldman misrepresented documents as an underwriter in the sale of over $123 million in mortgage-backed...
22Aug2011 | vitalstocks | 0 comments | Continued(C) Citigroup Hires in Asia Division
Citigroup Inc. (C) is boosting its Asian Prime Finance division by increasing the headcount 20% to 80, according to a Reuters report. The hiring comes as part of the company’s effort to take advantage of the boom in the hedge fund industry in the region. Citi is expanding its...
15Aug2011 | vitalstocks | 0 comments | Continued(BK) Bank of New York Mellon Plans 3% Layoff
In order to improve profitability amid revenue headwinds due to a weak economy and stricter capital requirements by regulators, Bank of New York Mellon Corp (BK) announced a job cut plan on Wednesday. BNY Mellon is not the first to announce this measure; it has followed in the...
14Aug2011 | vitalstocks | 0 comments | Continued(AXP) Stock Market News for August 11, 2011 – Market News
Indices were dealt yet another blow by a multitude of concerns as benchmarks incurred heavy losses on Wednesday. Worries about the debt crisis spreading to Italy and Spain bogged down investor sentiment with additional pressure coming from fears of France losing its AAA rating. The...
11Aug2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for July 22, 2011 – Market News
Markets enjoyed substantive gains as debt related negotiations progressed on either side of the Atlantic, boosting investor sentiment. The Dow fell shy of its best intra-day rally of this year amid positive manufacturing data from the U.S. mid-Atlantic region and stellar corporate...
22Jul2011 | vitalstocks | 0 comments | Continued(BAC) Stock Market News for July 22, 2011 – Market News
Markets enjoyed substantive gains as debt related negotiations progressed on either side of the Atlantic, boosting investor sentiment. The Dow fell shy of its best intra-day rally of this year amid positive manufacturing data from the U.S. mid-Atlantic region and stellar corporate...
22Jul2011 | vitalstocks | 0 comments | Continued(XLF) Stock Market News for July 19, 2011 – Market News
Lingering euro-zone debt worries and the impasse over debt-ceiling negotiations weighed down investor sentiment on Monday, while bank shares felt the burn of the markets’ downtrend. The Dow Jones Industrial Average (DJIA) shed 0.8% to close at 12,385.16. The Standard &...
19Jul2011 | vitalstocks | 0 comments | Continued(AA) Company News for July 12, 2011 – Corporate Summary
• Alcoa (NYSE:AA) posted Q2 EPS of $0.32, lower than the Zacks Consensus Estimates of $0.34 per share. Revenues for the quarter rose 27% year-over-year to $6.59 billion • Swiss chemicals company Lonza Group (CH:LONN) will buy biocide firm Arch Chemicals, Inc....
12Jul2011 | vitalstocks | 0 comments | Continued(BAC) Company News for July 11, 2011 – Corporate Summary
• Local.com Corp. (NASDAQ:LOCM) entered into a Google Services Agreement with Google Inc. (NASDAQ:GOOG) • Bank of America Corporation (NYSE:BAC), Deutsche Bank AG (NYSE:DB) and JPMorgan Chase & Co. (NYSE:JPM) were picked by Living Social as lead underwriters...
11Jul2011 | vitalstocks | 0 comments | Continued(UBS) Non-U.S. Banks Stock Update – July 2011 – Industry Outlook
Backed by worldwide regulatory reform, the global banking industry is currently going through a transformation phase. Though the growth potential of some non-U.S. banks could be subdued due to higher reserve requirements, increased property taxes and strict lending limits as...
6Jul2011 | vitalstocks | 0 comments | Continued(PLD) Prologis Prices Equity Offer
Prologis Inc. (PLD) – the erstwhile AMB Property Corp., has priced its equity offer of 30.0 million common shares at $33.50 each. The secondary offering was announced recently as part of its strategic initiative to raise cash and repay debt. The company has also decided to...
24Jun2011 | vitalstocks | 0 comments | Continued(AIG) Style Anomaly: Value versus Growth
Summer is heating up and some of the greatest baseball rivalries are in full swing. Think Cubs v Cardinals, Red Sox v Yankees and Dodgers v Giants. In the world of stock investing, however, the greatest rivalry is value v growth. One often hears how value stocks outperform growth...
24Jun2011 | vitalstocks | 0 comments | Continued(APOG) Company News for June 23, 2011 – Corporate Summary
• Shares of Robbins & Myers, Inc. (NYSE:RBN) jumped 8.77% on strong fiscal third-quarter profits. The energy equipment supplier said strong customer demand and the recent acquisition of oilfield services has helped the company’s increase its profits • ...
23Jun2011 | vitalstocks | 0 comments | Continued(AFAM) Company News for June 21, 2011 – Corporate Summary
• Manufacturer and distributors of stainless steel and titanium products, Carpenter Technology (NYSE:CRS) has concluded a merger agreement with Latrobe Specialty Metals as per which the former will acquire the latter in a deal worth around $558 million • Shares...
21Jun2011 | vitalstocks | 0 comments | Continued(AFL) Company News for May 31, 2011 – Corporate Summary
• Marvell Technology Group Ltd. (NASDAQ:MRVL) reported first quarter fiscal 2012 adjusted earnings per share of 24 cents, 2 cents shy of the Zacks Consensus Estimate of 26 cents. Despite the miss, shares increased 8.86% in after-market trade on encouraging second quarter...
31May2011 | vitalstocks | 0 comments | Continued(AIG) U.S. Treasury Makes Some Gains on AIG Stock Offering
Yesterday, American International Group Inc. (AIG) announced that it has priced its first secondary stock offering of 300 million shares since 2008, initiated with the US Treasury about a fortnight ago, at $29 per share, raising about $8.7 billion. The par value of these shares...
25May2011 | vitalstocks | 0 comments | Continued(AIG) AIG and U.S. Treasury Announce $300 Million Stock Offering
Yesterday, American International Group Inc. (AIG) and the US Treasury announced their decision to go ahead with the public offering of AIG’s common shares. While 100 million shares will be sold by AIG, 200 million will be sold by the Treasury. The total stock sale is estimated...
16May2011 | vitalstocks | 0 comments | Continued(RMBS) ARMOUR Residential REIT Announces Closeure of Secondary Offering
ARMOUR Residential REIT, Inc. (ARR), a real estate investment trust (REIT) that invests in residential mortgage backed securities (RMBS), has recently closed its secondary offering of 17 million shares at $7.40 each. The equity offer included 1 million shares sold to the underwriters...
14Apr2011 | vitalstocks | 0 comments | Continued