All Posts Tagged With: "JPMorgan Chase & Company"
(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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | Continued
(BAC) Time to Play Rising Natural Gas Prices
A recent Barron’s article was very positive about banks in 2013. They expect healthy growth from capital markets, corporate lending and deposits. And the existing catalysts of housing and the labor market to continue to push earnings higher. The article listed the EU and the...13Apr2013 | InvestmentU | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | 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
(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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | Continued
(JPM) Fourth Quarter Earnings Largely Uneventful Thus Far – Earnings Trends
The fourth quarter earnings season hasn’t been that eventful thus far even though we have results from 67 S&P 500 companies already (as of Friday, January 18th). The reason is that expectations for this earnings season were set by the very weak third quarter reporting season. Given those low...22Jan2013 | Shawn | Comments Off | Continued
(BAC) Bank of America Beats by a Penny – Revenues Down
Bank of America Corporation (BAC) reported fourth-quarter 2012 earnings of 3 cents per share, which managed to beat the Zacks Consensus Estimate by a cent. However, this compares unfavorably with the earnings of 15 cents in the prior-year...18Jan2013 | Shawn | Comments Off | Continued
(C) Banks Continue Battling Legal Issues
Last week, DZ Bank AG, a German lender, filed a lawsuit against Citigroup Inc. (C) and The Royal Bank of Scotland Group plc (RBS), for misrepresentation of documents...2Jan2013 | Shawn | Comments Off | Continued
(UBS) UBS AG Settles LIBOR Scam with $1.5 Billion
UBS AG (UBS) has finally conceded to paying a penalty of CHF 1.4 billion ($1.5 billion) to the U.S., U.K. and Swiss authorities to resolve charges against the bank for its involvement ...28Dec2012 | Shawn | Comments Off | Continued
(ICE) IntercontinentalExchange Quotes $8.2B for NYSE Buyout
Yesterday, IntercontinentalExchange Inc. (ICE) announced its intention to buy the largest stock exchange based on listings – NYSE Euronext Inc. (NYX) for $8.2 billion....24Dec2012 | Shawn | Comments Off | Continued
(XLF) Stock Market News for December 24, 2012 – Market News
Boehner’s “Plan B” failed to garner ample support from Republicans, dragging the benchmarks into negative territory on Friday. However, the benchmarks finished higher for the week. Both personal spending and demand for durable goods showed an upward trend in November. The financial and energy...24Dec2012 | Shawn | Comments Off | Continued
(AIG) AIG Sells Entire Stake in AIA
Yesterday, American International Group Inc. (AIG) announced its plan to sell the remaining 13.69% stake in its Asian wing – AIA Group Limited (AIA) – for $6.45 billion. The company’s holding in AIA has been traded to a group...20Dec2012 | Shawn | Comments Off | Continued
(JPM) U.S. Banks Stock Outlook – December 2012 – Industry Outlook
What’s in Store for U.S. Banks in 2013? U.S. banks look ready for 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, progressive housing sector...19Dec2012 | Shawn | Comments Off | Continued