All Posts Tagged With: "JPM"
(BAC) Bank of America Considering New Fees Again
It has been over a year since Bank of America Corporation (BAC) has been testing its new fee structure in the states of Arizona, Massachusetts and Georgia. In this context, on Thursday, The Wall Street...
(FITB) Fifth Third Bancorp Offers Senior Notes
Last Friday, Fifth Third Bancorp (FITB) announced the public offering of its senior notes worth $500 million. The 10-year senior notes bear a coupon rate of 3.5% and were sold at 99.306% of the principal...
(JPM) Steady Drop in Problem Bank List
Is the banking industry gradually coming out of the woods? Would it be right to say that there has been no improvement? The steady decline in Federal Deposit Insurance Corporation’s (FDIC) list of problem banks is a strong positive signal for the industry and the country...
(GS) The Goldman Sachs Group to Buy Ariel Reinsurance
The Goldman Sachs Group Inc. (GS) is working seriously on its acquisition and global expansion strategies. Last week, the company announced that it is planning to purchase Ariel Reinsurance’s Bermuda-based...
(JNS) Janus Capital Group CEO Gets a Pay Cut
Janus Capital Group Inc.’s (JNS) Chief Executive Officer (CEO) Richard Weil’s total compensation had been reduced to $6.1 million in 2011 from $20.3 million, including a signing bonus of $10 million, in...
(HCN) Health Care REIT Completes Share Offer
Health Care REIT Inc. (HCN), a leading health care real estate investment trust (REIT) that operates senior housing and health care real estate, has recently completed its secondary offering of 20.7 million...
(XLF) Stock Market News for March 2, 2012 – Market News
Encouraging domestic economic data and the massive monetary injection by the European Central Bank (ECB) lifted the benchmarks modestly higher on Thursday. The day was somewhat marred by dismal economic data and news of explosion on an unknown Saudi oil pipeline. However,...
(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...
(XLF) Stock Market News for February 28, 2012 – Market News
Domestic housing data, which came in better-than-expected, combined with a drop in crude prices, helped the markets close narrowly higher on Monday. The S&P 500 hit its highest level since pre-recessionary days in May 2008 as it touched an intra-day high of 1,370.89. However,...
(BAC) Major Wall Street Banks Face New Mortgage Securities Lawsuit
According to Bloomberg, Sealink Funding Ltd., an Ireland-based investment firm, has filed a lawsuit against a number of major banks over residential mortgage-backed securities. The complaint lodged claims that these banks have misrepresented documents as the underwriters...
(XLF) Stock Market News for February 21, 2012 – Market News
Markets struggled for direction on Friday with few inputs from the news desk, but the prospect of a Greek deal next week enabled benchmarks to extend their gains to the highest levels this year. Cross-Atlantic developments had guided the markets on most of the days the week,...
(GS) Goldman Sachs Analyst Upgrades Shares to Neutral
We have upgraded our recommendation on The Goldman Sachs Group Inc. (GS) to Neutral from Underperform.
The upgraded recommendation is based on the company’s recent expansions to generate...
(C) China Approves Citigroup’s Credit Card Business
Citigroup Inc. (C) will launch its own credit card business in China. Its Chinese subsidiary Citibank (China) Co. Ltd. has received approval from the China Banking Regulatory Commission. The company will launch...
(JPM) Twin Bank Failures – U.S. 2012 Tally Hits Nine
After a week’s let-up, U.S. regulators were back in action last Friday, shuttering two more banks in Illinois and Indiana. This brings the total number of bank failures to 9 so far in 2012, following 92 in 2011, 157 in 2010, 140 in 2009 and 25 in 2008.
While the financials...
(BAC) Bank of America Subpoenaed for Collateralized Loan Obligations Inquiry
Massachusetts state regulators are investigating whether Bank of America Corporation (BAC) has knowingly inflated the value of assets in two loan portfolios that BofA sold to the investors in the form of collateralized...
(JPM) JPMorgan to Return Overdraft Fees
The U.S. District Court of Southern Florida (Miami) has asked JPMorgan Chase & Co. (JPM) to pay $110 million to settle a class lawsuit related to the charging of inappropriate overdraft fees to its customers....
(C) Citigroup Entangled in Lawsuit Again
Citigroup Inc. (C) is again making headlines for landing into another legal mess. Recently, Citibank, the banking unit of the company, has been sued by Lehman Brothers Holdings Inc. for wrongly confiscating...
(WFC) Wells Fargo & Company Settles Foreclosure Mess
Wells Fargo & Co. (WFC) has reached a $5.3 billion settlement with states and federal authorities over alleged abuses in foreclosure practices. The company along with four other large mortgage servicers––Bank...
(BAC) Class-Action Suit Against Bank of America
Yesterday, the federal judge in Manhattan ordered Bank of America Corporation (BAC) to deal with a shareholders’ class-action lawsuit. The lawsuit accused BofA along with some of its senior managers and...
(XLF) Stock Market News for February 7, 2012 – Market News
After the European leaders urged Greece to adhere to new austerity measures in order to receive the next installment of its bailout package, debt woes returned to the forefront and US markets dropped a few points. Even though markets receded from t multi-year highs, benchmarks...
(USB) U.S. Bank Failures Hit 7 So Far in 2012
Last Friday, four more banks were shuttered by U.S. regulators. The failed banks were based in Florida, Tennessee and Minnesota. This brings the total number of bank failures to 7 so far in 2012, following 92 in 2011, 157 in 2010, 140 in 2009 and 25 in 2008.
While the...
(JPM) JPMorgan Chase and HSBC Holdings Dragged to Court
On Tuesday, DZ Bank AG (DZBK), Germany’s largest co-operative lender, filed a lawsuit against JPMorgan Chase & Co. (JPM) and HSBC Holdings Plc (
3Feb2012 | vitalstocks | 0 comments | Continued(USB) U.S. Bancorp Acquires BankEast
U.S. Bancorp (USB) is focused on expanding its business through acquisitions. The company’s lead bank, U.S. Bank National Association, acquired the banking operations of BankEast, a subsidiary...
(JPM) 2012 U.S. Bank Failures Number Three
After a month’s pause, U.S. regulators were back in action, shuttering three small banks in Georgia, Florida and Pennsylvania last Friday. These 3 represent the first bank failures of 2012 following 92 in 2011, 157 in 2010, 140 in 2009 and 25 in 2008.
While the financials...
(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...
(XLF) Stock Market News for January 20, 2012 – Market News
Strong corporate earnings results and a positive jobless claims report helped carry the markets forward on Thursday. On an otherwise lackluster day, the S&P 500 touched a five-month high as investors awaited results from Google. However, post the closing bells, Google’s...
(BAC) Stock Market News for January 18, 2012 – Market News
The major US indices registered gains to close in the green after a slew of positive economic reports were released at home and in China. A successful debt auction in Europe added to the cheer. However, the gains were limited, as investors’ sentiments were dampened after...
(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...
(BAC) Company News for January 17, 2012 – Corporate Summary
• During a hearing in Franfurt, Presiding Judge Daniel Koehle said JP Morgan Chase & Co. (NYSE:JPM) and the German city of Pforzheim should settle their dispute over losses of 56 million Euros on an interest rate...
(OCN) Ocwen Financial Analyst Upgrades Shares to Outperform
We have upgraded our long term recommendation on Ocwen Financial Corporation (OCN) to “Outperform” from “Neutral”. The main reasons behind this raise are the company’s stable liquidity position and...