All Posts Tagged With: "BK"
(WFC) Wells Fargo in $105 Million Settlement
Wells Fargo & Company (WFC) agreed to shell out a sum of $105 million to settle a lawsuit filed against it by Medical Capital Holdings Inc. The lawsuit alleged that Wells Fargo, acting as a trustee for debt issued by Medical Capital...16May2013 | vitalstocks | Comments Off | Continued
(WHR) Whirlpool Hikes Dividend
Whirlpool Corporation (WHR), the leading manufacturer and supplier of home appliances is a promising option for investors seeking both growth and income. This Zacks Rank #3 (Hold) company yesterday announced its decision of a dividend...2May2013 | vitalstocks | Comments Off | Continued
(CMA) Comerica Marginally Beats on Earnings
Comerica Inc. (CMA) reported first quarter 2013 earnings of 70 cents per share, beating the Zacks Consensus Estimate of 67 cents. Moreover, results surpassed the year-ago quarter earnings per share of 68 cents. Comerica’s...27Apr2013 | vitalstocks | Comments Off | Continued
(BK) The Bank of New York Mellon Earns Federal Reserve Capital Plan Approval
The Bank of New York Mellon Corporation (BK) announced that its capital deployment plan, submitted under the 2013 Comprehensive Capital Analysis and Review (CCAR) or the stress test, has received approval from the Federal Reserve. Consequently,...23Mar2013 | vitalstocks | Comments Off | Continued
(WFC) Federal Reserve Approves 2013 Bank Stress Tests
After the release of the Dodd-Frank Act supervisory stress test 2013 (DFAST 2013) results last week, the Federal Reserve came up with the approval of capital plans of 14 financial institutions out of 18 in the Comprehensive Capital Analysis and Review (CCAR). Two banks have received approval subject...18Mar2013 | vitalstocks | Comments Off | Continued
(SBS) Companhia de Saneamento Básico do Estado de São Paulo Approves Share Count Hike
Companhia de Saneamento Básico do Estado de São Paulo– SABESP (SBS), a leading provider of basic and environmental sanitation services based in Brazil, kept its shareholders and other interested parties informed about the latest...15Jan2013 | Shawn | Comments Off | Continued
(BK) The Bank of New York Mellon to Redeem $550M Trust Preferred Securities
The Bank of New York Mellon Corporation (BK) – also known as BNY Mellon – has announced that it will redeem trust preferred securities (TruPS) worth $550.0 million. The redemption will include 6.875% Trust Preferred Securities,...28Nov2012 | vitalstocks | Comments Off | Continued
(RF) Regions Financial Corporation to Redeem $345M Trust Preferred Securities
Regions Financial Corporation (RF) jumped on the bandwagon of trust preferred securities (TruPS) redemption. On Thursday, the company announced that it will redeem TruPS worth $345 million, including the 8.875% securities issued by...4Nov2012 | vitalstocks | Comments Off | Continued
(PHM) Stock Market News for October 18, 2012 – Market News
Benchmarks closed in the green yesterday propelled by better-than-expected housing data. This was the third-consecutive trading day that the markets secured a seat in the positive zone. However, disappointing earnings results from certain tech bellwethers eroded some of the day’s gains. The housing...30Oct2012 | vitalstocks | Comments Off | Continued
(BK) Bank of New York Mellon Fails to Avoid Lehman Case
On Monday, the U.S. District Judge in Manhattan rejected The Bank of New York Mellon Corporation’s (BK) bid to dismiss a lawsuit filed by the irate securities lending clients. These clients accused BNY Mellon of being reckless in...8Oct2012 | vitalstocks | Comments Off | Continued
(BAC) Bank of America to Redeem $5.1 Billion Trust-preferred Securities
Bank of America Corporation (BAC) has announced redemption of nearly $5.1 billion worth of trust-preferred securities (TruPS). The efforts to trim the company’s long-term debt stems from the new rules set by the Basel III norms,...5Oct2012 | vitalstocks | Comments Off | Continued
(BRKA) Form 13F: A “Cheat Sheet” for Uncovering the Best Stocks in the Market
Your level of success as an investor typically boils down to how well you can do one thing – analyze business fundamentals. That’s because, regardless of what the economy and the stock market are doing, companies that are increasing sales, compounding earnings at high rates, growing market...26Aug2012 | InvestmentU | 0 comments | Continued
(BK) More U.S. Banks Curb European Funds
According to Wall Street Journal, The Bank of New York Mellon Corporation (BK) and Northern Trust Corporation (NTRS) are the latest banks to join the list of key U.S....16Aug2012 | vitalstocks | Comments Off | Continued
(BK) The Bank of New York Mellon Settles Sigma Lawsuit
The Bank of New York Mellon Corporation (BK) is the latest financial institution to settle the class-action lawsuit related to Sigma Finance Inc., a risky debt vehicle that tanked in 2008. BNY Mellon has agreed to a $280 million settlement,...10Aug2012 | vitalstocks | Comments Off | Continued
(BAC) Bank of America to Buy Back $3.9B Trust Preferred Securities
On Friday, Bank of America Corporation (BAC) jumped on the bandwagon of redeeming trust preferred securities (TruPS) and announced the redemption of $3.9 billion in TruPS. Over the last couple of weeks, banks have been redeeming TruPS...25Jun2012 | vitalstocks | Comments Off | Continued
(AIG) American International Group Denied Intervening in Bank of America Deal
On Tuesday, as reported by Reuters, American International Group Inc.‘s (AIG) attempts to intervene in Bank of America Corporation‘s (BAC) $8.5...27Apr2012 | vitalstocks | Comments Off | Continued
(BBT) BB&T Beats Estimates – Higher Revenues
BB&T Corp.’s (BBT) first-quarter 2012 earnings of 61 cents per share beat the Zacks Consensus Estimate by 4 cents. In addition, the reported earnings significantly outpaced the prior-year quarter’s earnings of 32 cents. Better-than-expected...19Apr2012 | vitalstocks | Comments Off | Continued
(BAC) Bank of America Wins Dismissal of Lawsuit
On Thursday, the dismissal of lawsuit pertaining to the buyback of defective mortgage-backed securities (MBS), gave reprieve to Bank of America Corporation (BAC). The lawsuit was filed against BofA by a group of investors led by Walnut...2Apr2012 | vitalstocks | Comments Off | Continued
(JPM) U.S. Banks in 2012: Share Buybacks and High Dividends
These five U.S. banks are not only financially fit… they’re on track for share buybacks and high dividends in 2012. In January, bank regulators voted to release a proposal for how banks with more than $10 billion in assets should conduct stress tests annually. The purpose of...23Mar2012 | InvestmentU | 0 comments | Continued
(XOM) Share Buybacks: A Buy Signal You Can’t Ignore
Share buybacks increased by 46% in 2011. Has there ever been a more bullish indicator? There...19Mar2012 | InvestmentU | 0 comments | Continued
(AXP) American Express Announces $5 Billion Share Buyback
Basking after an impressive quarter, American Express Co. (AXP) (AmEx) announced its intention of buying back shares worth $5 billion within two years, besides initiating about an 11% hike in its regular dividend to 20 cents from the...14Mar2012 | vitalstocks | Comments Off | Continued
(BAC) Bank of America Settlement Case in State Court
Providing a major relief to Bank of America Corporation (BAC), a U.S. Appeals Court has ruled that BofA’s $8.5 billion settlement deal related to mortgage backed securities (MBS) will be reviewed in the New York state court, instead...29Feb2012 | vitalstocks | Comments Off | Continued
(GS) Banking on a Turnaround? – Investment Ideas
Can we really have a rally without the financials? Earnings have been mixed for the financials. Let’s take a deeper look at the players in each segment and see if we can’t come to a consensus as to whether or not a rally can be supported. The Zacks Rank for most of these banks is a #3 Rank...21Jan2012 | vitalstocks | 0 comments | Continued
(BBT) BB&T Marginally Beats Earnings Estimates
BB&T Corp.’s (BBT) fourth-quarter 2011 earnings of 55 cents per share were marginally ahead of the Zacks Consensus Estimate of 52 cents. This also compares favorably with the prior quarter earnings of 52 cents and the prior-year...21Jan2012 | vitalstocks | 0 comments | Continued
(GS) Earnings Season Hits Full Throttle
Germany paid the lowest interest rate in its history in a two-year bond auction this morning, even as the country lowered its economic growth outlook for 2012. The World Bank also came out with a lowered growth outlook for the global economy this year, but there is hardly anything newsy there as...18Jan2012 | vitalstocks | 0 comments | Continued
(PMI) European Central Bank Tries Quenching Thirsty Banks
The European Central Bank (ECB) has been overwhelmed by the rush for cheap three-year loans. The demand for these loans has far exceeded expectations — a fact that underscores the difficult times the banking system is going through. A system...24Dec2011 | vitalstocks | 0 comments | Continued
(MCO) Fitch Has Eurozone Rating Misgivings
Ratings agency Fitch has misgivings about Europe’s ability to tackle the sovereign debt crisis. Moody’s, a division of Moody’s Corporation (MCO) and Standard & Poor’s had earlier warned about the failing economic health...20Dec2011 | vitalstocks | 0 comments | Continued
(IMF) International Monetary Fund Sees Risks Intensifying
The International Monetary Fund (IMF) has sounded another caveat about the deepening global crisis. According to Christine Lagarde, IMF’s Managing Director, the crisis is unfolding, escalating and spreading across the world. She has even suggested that the world could see a re-run of the depression...19Dec2011 | vitalstocks | 0 comments | Continued
(MCO) Moody’s Follows with Eurozone Warning
Moody’s, a division of Moody’s Corporation (MCO), becomes the second ratings agency to sound a warning after Standard & Poor’s on the failing economic health of the European Union (EU) partly fueled by the indecision of the...14Dec2011 | vitalstocks | 0 comments | Continued
(BK) The Bank of New York Mellon Corporation Expands Overseas
The Bank of New York Mellon Corporation (BK) announced a definitive agreement to acquire Penson Worldwide Inc.’s (PNSN) Australian subsidiary, Penson Financial Services...30Nov2011 | vitalstocks | 0 comments | Continued