All Posts Tagged With: "JPMorgan Chase & Company"

(JPM) Will Better Weather Improve Profits for U.S. Banks?

It’s the weather.

Whenever a weaker-than-expected economic report is released for a cold month, pundits always blame the weather. It’s become a cliché.

So when the Department of Labor released its disappointing January jobs report earlier this month, market observers quickly pointed...

14Mar2014 | | Comments Off on (JPM) Will Better Weather Improve Profits for U.S. Banks? | Continued

(BLL) Ball Corporation Ends Senior Notes Offering

Ball Corporation (BLL) has announced the completion of the previously announced underwritten public offering of 4% senior notes worth $1 billion, due 2023. Ball will use the proceeds from the offering to pay accrued and unpaid interest.

Ball...

16Aug2013 | | Comments Off on (BLL) Ball Corporation Ends Senior Notes Offering | Continued

(JPM) JPMorgan Chase to Face Dexia Lawsuit Again

The U.S. District Judge Jed Rakoff has revoked his earlier order to dismiss a major portion of the lawsuit filed by Brussels based Dexia N.V./S.A against JPMorgan Chase & Co. (JPM). The lawsuit accused JPMorgan of deliberately...

2Jul2013 | | Comments Off on (JPM) JPMorgan Chase to Face Dexia Lawsuit Again | Continued

(MS) Morgan Stanley Lowered to Neutral

On May 9, we downgraded our long-term recommendation on major global bank Morgan Stanley (MS), to Neutral from Outperform. The recommendation was lowered to reflect the persistently high operating expenses that the company continues...

22Jun2013 | | Comments Off on (MS) Morgan Stanley Lowered to Neutral | Continued

(HBC) HSBC Holdings to Eliminate 14,000 Jobs

In an effort to improve overall efficiency, HSBC Holdings plc (HBC) announced a second round of cost saving initiatives. The new cost saving program will start from 2014 and run for 3 years.

HSBC plans to slash $3 billion in...

14Jun2013 | | Comments Off on (HBC) HSBC Holdings to Eliminate 14,000 Jobs | Continued

(GS) Goldman Sachs Group Sees Lawsuit From ACA Financial Guaranty Dismissed

The Goldman Sachs Group, Inc. (GS) won the dismissal of a lawsuit filed by ACA Financial Guaranty related to Abacus – a collateralized debt obligation (CDO). The plaintiffs had accused the company of colluding with Paulson & Co....

7Jun2013 | | Comments Off on (GS) Goldman Sachs Group Sees Lawsuit From ACA Financial Guaranty Dismissed | Continued

(HBHC) Hancock Holding Company Authorizes New Share Repurchase Program

In order to enhance shareholder value, Hancock Holding Company (HBHC) has announced a new capital deployment plan. Apart from declaring a regular quarterly cash dividend, the company authorized a new share repurchase program.

Hancock’s...

16May2013 | | Comments Off on (HBHC) Hancock Holding Company Authorizes New Share Repurchase Program | Continued

(DF) Dean Foods to Spin-Off WhiteWave Foods

Dallas-based leading food and beverage company, Dean Foods Company (DF) recently announced its plans to allocate a portion of its remaining stake in The WhiteWave Foods Co. (WWAV)...

14May2013 | | Comments Off on (DF) Dean Foods to Spin-Off WhiteWave Foods | Continued

(GS) The Goldman Sachs Group Wraps Up Global Atlantic

The Goldman Sachs Group, Inc. (GS) has completed the private offering of shares of Global Atlantic Financial Group, formerly known as the Goldman Sachs Reinsurance Group. Goldman retains a minority stake of approximately 25% in the...

4May2013 | | Comments Off on (GS) The Goldman Sachs Group Wraps Up Global Atlantic | Continued

(BAC) Underwhelming Earnings Backdrop

Wednesday, April 17, 2013

Unlike Tuesday when earnings reports were on the reassuring side, the tone of this morning’s releases is on the negative side. And it’s not just this morning’s Bank of America (BAC)...

2May2013 | | Comments Off on (BAC) Underwhelming Earnings Backdrop | Continued

(CUZ) Cousins Properties Incorporated Boosts Liquidity

In order to enhance its financial flexibility, Cousins Properties Incorporated (CUZ) infused approximately $165.1 million of capital through a public offering of its common stock. The company’s plans to finance an...

2May2013 | | Comments Off on (CUZ) Cousins Properties Incorporated Boosts Liquidity | Continued

(LIFE) Thermo Fisher Scientific Wins Life Technologies Corporation Takeover Battle

Finally, the much hyped takeover battle for Life Technologies Corporation (LIFE) came to an end on Monday with Thermo Fisher Scientific (TMO) emerging as the clear...

27Apr2013 | | Comments Off on (LIFE) Thermo Fisher Scientific Wins Life Technologies Corporation Takeover Battle | Continued

(MS) Morgan Stanley Beats on Earnings and Revenues

Morgan Stanley’s (MS) first-quarter 2013 adjusted earnings from continuing operations of 61 cents per share outpaced the Zacks Consensus Estimate by a nickel. However, this compared unfavorably with prior-year quarter earnings of...

21Apr2013 | | Comments Off on (MS) Morgan Stanley Beats on Earnings and Revenues | Continued

(GS) Is Goldman Sachs Group’s Blankfein’s Huge Pay Hike Justified?

The Goldman Sachs Group, Inc. (GS) CEO Lloyd Blankfein received a massive pay raise of nearly 75% in 2012, as per a latest SEC filing by the bank. However, the hike in compensation, which will bring Blankfein’s salary to $21 million,...

21Apr2013 | | Comments Off on (GS) Is Goldman Sachs Group’s Blankfein’s Huge Pay Hike Justified? | Continued

(C) Citigroup Posts Encouraging Earnings

After reporting disappointing results in the prior quarter, Citigroup Inc. (C) reported an impressive first-quarter 2013. Earnings per share came in at $1.29 for the quarter, beating the Zacks Consensus Estimate by 11 cents. Moreover,...

21Apr2013 | | Comments Off on (C) Citigroup Posts Encouraging Earnings | Continued

(JPM) U.S. Banks Stock Outlook – April 2013 – Zacks Analyst Interviews

U.S. banks entered 2013 with uninterrupted expense control, sound balance sheets, an uptick in mortgage activity and lesser credit loss provisions. Moreover, a favorable equity and asset market backdrop, falling unemployment, a progressive housing sector and a flexible monetary policy have been making...

18Apr2013 | | Comments Off on (JPM) U.S. Banks Stock Outlook – April 2013 – Zacks Analyst Interviews | Continued

(JPM) Foreclosure Activity Declines in First Quarter

Indicating the marginal revival of the housing market, the foreclosure market report – released by RealtyTrac – revealed that the overall foreclosure activity in Mar 2013 continued to show a downward trend. As per this leading online marketplace of foreclosure properties, foreclosure filings plunged...

18Apr2013 | | Comments Off on (JPM) Foreclosure Activity Declines in First Quarter | Continued

(JPM) JPMorgan Chase’s First Quarter Earnings on Track

Maintaining its track record, JPMorgan Chase & Co. (JPM) came out with a positive earnings surprise of about 16% for the first quarter. The banking giant reported record earnings per share of $1.59, surpassing the Zacks Consensus...

18Apr2013 | | Comments Off on (JPM) JPMorgan Chase’s First Quarter Earnings on Track | Continued

(GS) Goldman Sachs Group Earns Favorable Ruling

Recently, The Goldman Sachs Group, Inc. (GS) won the dismissal of a lawsuit filed by Capmark Financial Group Inc. (CPMK), which alleged that the U.S. banking major...

18Apr2013 | | Comments Off on (GS) Goldman Sachs Group Earns Favorable Ruling | Continued

(BAC) Bank of America Gets Approval for Settlement

Bank of America Corporation (BAC) received approval from the U.S. District Court of the Southern District of Manhattan to settle a $2.43 billion class-action lawsuit filed by irate shareholders over the acquisition of Merrill Lynch....

18Apr2013 | | Comments Off on (BAC) Bank of America Gets Approval for Settlement | Continued

(XLE) Stock Market News for April 15, 2013 – Market News

Benchmarks closed in the red following a series of disappointing domestic reports. Major indices retreated following four days of consecutive gains. Meanwhile, quite surprisingly, retail sales fell in the month of March. Consumer sentiment declined to its lowest level in nine months in April. The...

15Apr2013 | | Comments Off on (XLE) Stock Market News for April 15, 2013 – Market News | Continued

(C) BankUnited Initiated at Neutral

On Apr 3, 2013, we initiated our coverage on BankUnited, Inc. (BKU) with a Neutral recommendation. The recommendation is based on its organic and inorganic growth prospects, robust liquidity and meaningful capital deployment actions.

However,...

8Apr2013 | | Comments Off on (C) BankUnited Initiated at Neutral | Continued

(ORCL) Economic Data Turns Market Bearish – Earnings Preview

The market’s mood appears to have shifted following the recent run of weak economic data, with investors grudgingly acknowledging that the economy may not be in as good a shape as everybody had expected. May be it’s the typical seasonal weakness that we have become accustomed to in recent years,...

7Apr2013 | | Comments Off on (ORCL) Economic Data Turns Market Bearish – Earnings Preview | Continued

(BBT) BB&T’s Capital Plan Rejected by Federal Reserve

In a shocking development, the Federal Reserve has rejected the capital plan of BB&T Corporation (BBT) in spite of the latter’s Stress Test clearance. Neither the company nor the Fed has clearly disclosed the reasons for the...

2Apr2013 | | Comments Off on (BBT) BB&T’s Capital Plan Rejected by Federal Reserve | Continued

(XLF) Stock Market News for March 19, 2013 – Market News

Benchmarks declined for the second day in a row following news that Cyprus is on the brink of a financial crisis and needs to be bailed out. These developments rekindled fears of the Euro Zone crisis among investors. Financial stocks were the worst hit among the top ten S&P 500 industry groups...

28Mar2013 | | Comments Off on (XLF) Stock Market News for March 19, 2013 – Market News | 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 | | Comments Off on (WFC) Federal Reserve Approves 2013 Bank Stress Tests | Continued

(JPM) JPMorgan Chase & Company to Cut 19,000 Jobs Overall

JPMorgan Chase & Co. (JPM) became the latest global bank to announce job cuts to improve profitability. The company will be eliminating overall 19,000 jobs (about 7.3% of the total workforce as of Dec 31, 2012) by the end of 2014....

27Feb2013 | | Comments Off on (JPM) JPMorgan Chase & Company to Cut 19,000 Jobs Overall | Continued

(BAC) Stock Market News for February 14, 2013 – Market News

Benchmarks finished mixed following a small increase in retail sales and marginally upbeat earnings reports. The State of the Union speech from U.S. President Barack Obama focused on infrastructure spending, economic growth and employment. Industrial stocks were the major gainer among the top 10 S&P...

14Feb2013 | | Comments Off on (BAC) Stock Market News for February 14, 2013 – Market News | Continued

(JPM) Should Too-Big-to-Fail Banks Be Carved Up?

Richard Fisher has once again sounded a familiar clarion call: “Too big to fail” cannot be a principle the US financial system continues to abide by.

Speaking at the National Press Club in Washington on Wednesday, the Federal Reserve Bank of Dallas President said the Dodd-Frank legislation...

1Feb2013 | | Comments Off on (JPM) Should Too-Big-to-Fail Banks Be Carved Up? | Continued

(FCX) Freeport-McMoRan Copper & Gold Fourht Quarter EPS Meets Expecations – Revenues Light

Freeport-McMoRan Copper & Gold Inc.’s (FCX) adjusted earnings (excluding one-time gains) of 74 cents per share for the fourth quarter of 2012 was in line with the Zacks Consensus Estimate.

Including net credits for adjustments...

28Jan2013 | | Comments Off on (FCX) Freeport-McMoRan Copper & Gold Fourht Quarter EPS Meets Expecations – Revenues Light | Continued