All Posts Tagged With: "JPMorgan Chase & Company"
(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
(UBS) UBS AG to Resolve LIBOR Scam with $1 Billion?
UBS AG (UBS) is said to be nearing a deal to pay a penalty of over $1 billion over its alleged involvement in the manipulation of the London Interbank Offered Rate (LIBOR), according to a Wall Street Journal report. The announcement...19Dec2012 | Shawn | Comments Off | Continued
(JPM) U.S. Banks Stock Outlook – December 2012 – Zacks Analyst Interviews
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
(JPM) JPMorgan Chase Sees No End to Legal Woes
JPMorgan Chase & Co. (JPM) continues to be in sticky waters as litigation issues arising from the sale of mortgage backed securities (MBS) by Bear Stearns & Co. – acquired in 2008 – seem to be never ending. Now, the U.S....18Dec2012 | Shawn | Comments Off | Continued
(BAC) Bank of America in New Legal Tussle
Last week, DZ Bank AG, a German lender, filed a lawsuit against Bank of America Corporation (BAC), for misrepresentation of documents while selling mortgage-backed securities (MBS). The lodged complaint indicts BofA of presenting modified...17Dec2012 | Shawn | Comments Off | Continued
(AIG) Fed to Wind Up AIG Stake for $7.6B
American International Group Inc. (AIG) is in the final leg of its government bailout loan repayment as the US Federal Reserve (Fed) announced the sale of the remaining 15.9% ownership in the company. This also indicates a sooner-than-expected...17Dec2012 | Shawn | Comments Off | Continued
(NDAQ) NASDAQ OMX Group to Buy Thomson Reuters Business
Yesterday, NASDAQ OMX Group Inc. (NDAQ) announced its intention to purchase the corporate management arm of Thomson Reuters. The deal is valued at $390 million and is expected to culminate by the first half of 2013, subject to regulatory...16Dec2012 | Shawn | Comments Off | Continued
(GS) Goldman Sachs Group Shares Kept Neutral By Analyst
We reiterated our Neutral recommendation on The Goldman Sachs Group Inc. (GS), based on the detailed analysis of the company’s third-quarter 2012 results. Goldman’s earnings per share for the quarter under review were significantly...10Dec2012 | Shawn | Comments Off | Continued
(AIG) American International Group Sells 90% of International Lease Finance Corporation for $5.28B
American International Group Inc. (AIG) confirmed the sale of about 90% of its aircraft leasing unit – International Lease Finance Corporation (ILFC) – to a group of Chinese investors. The deal is valued at $5.28 billion. Accordingly,...10Dec2012 | Shawn | Comments Off | Continued
(PBCT) People’s United Financial Prices Senior Notes
On Monday, Connecticut-based People’s United Financial Inc. (PBCT) announced the pricing of nearly $500 million worth of senior notes. The offering is anticipated to culminate on December 6, 2012, subject to customary closing...7Dec2012 | vitalstocks | Comments Off | Continued
(BCS) Barclays to Exit Crop Trading Biz?
Barclays Plc. (BCS) is contemplating a retreat from trading in agriculture commodities, according to a Reuters report. The move comes as the company gears up for a strategic revamp of its overall business...4Dec2012 | vitalstocks | Comments Off | Continued
(JPM) Risk and Reward Balance JPMorgan Chase
We have reiterated our long-term Neutral recommendation on JPMorgan Chase & Co. (JPM), based on strong fundamentals and steady performance by all its business segments. Further, maintaining its track...3Dec2012 | vitalstocks | Comments Off | Continued
(OCN) Ocwen Financial Gets Court Approval For Residential Capital Bid
On Monday, U.S. Bankruptcy Court in Manhattan approved Ocwen Financial Corp’s. (OCN) bid to acquire Residential Capital’s (ResCap) mortgage-servicing rights (MSRs) in collaboration with Walter Investment Management...3Dec2012 | vitalstocks | Comments Off | Continued
(MS) Morgan Stanley in New Legal Tussle
Last week, German lender DZ Bank AG filed a lawsuit against Morgan Stanley (MS), for misrepresentation of documents while selling mortgage-backed securities (MBS). The complaint indicts Morgan Stanley of presenting modified documents...3Dec2012 | vitalstocks | Comments Off | Continued
(THOR) Thoratec Authorizes New Share Repurchase
Thoratec Corp. (THOR), a leader in mechanical circulatory assistance devices, recently revealed that its board of directors has approved the repurchase of as much as $150 million of its common stock. The earlier authorization lapsed...3Dec2012 | vitalstocks | Comments Off | Continued
(JPM) JPMorgan Chase & Company and Credit Suisse Group to Pay $400M in Settlement
Banking behemoths JPMorgan Chase & Co. (JPM) and Credit Suisse Group (CS) have agreed to resolve the allegations leveled by the Securities and Exchange Commission...30Nov2012 | vitalstocks | Comments Off | Continued
(C) Banks to Face Tougher Stress Test
Major American banks will have to undergo yet another round of stress tests early next year to prove their financial mettle for confronting another recession. The three stress test scenarios – baseline (based on expectations of private economists), adverse and severely adverse – were revealed...30Nov2012 | vitalstocks | Comments Off | Continued
(JPM) JPMorgan Chase’s Legal Woes May Ebb Soon
Financial Times has reported that the legal woes at JPMorgan Chase & Co. (JPM) are expected to lessen soon. The company is in advanced talks with the Securities and Exchange Commission (SEC) for the settlement of probes...30Nov2012 | vitalstocks | 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
(BAC) Bank of America Loses Bid to Dismiss Federal Housing Finance Agency Claim
A U.S. District Judge in Manhattan cancelled the bid of Merrill Lynch – a wing of Bank of America Corporation (BAC) – to dismiss a lawsuit filed by the Federal Housing Finance Agency (FHFA) against it. The lawsuit pertains to the...27Nov2012 | vitalstocks | Comments Off | Continued
(BAC) Bank of America Entangled in Residential Mortgage Backed Securities Case Again
Bloomberg reported that Brussels-based Royal Park Investments SA/NV – set up in 2009 by Fortis Bank SA/NV, the Belgian state and BNP Paribas SA (BNPQY) – has sued Bank of America Corporation (BAC)...20Nov2012 | vitalstocks | Comments Off | Continued
(F) Stock Market News for November 15, 2012 – Market News
Benchmarks took a battering on Wednesday after President Barack Obama stood firm on increasing tax rates for rich Americans and violence broke out in the Middle East. Moreover, investors’ apprehensions about the fiscal cliff pushed The Dow Jones to its lowest level since June. Meanwhile, U.S. retail...15Nov2012 | vitalstocks | Comments Off | Continued
(GOOG) Stock Market News for October 19, 2012 – Market News
Disappointing quarterly results from Google combined with mixed economic reports dragged the benchmarks into negative territory. As for domestic economic readings, initial claims increased more than expected from the previous week, while Philadelphia Fed’s monthly manufacturing report revealed...8Nov2012 | vitalstocks | Comments Off | Continued
(JPM) JPMorgan Chase & Company to Buy Mortgage Portfolio
JPMorgan Chase Bank, N.A – a wing of JPMorgan Chase & Co. (JPM) – is all set to acquire $70 billion worth of mortgage-servicing portfolio from MetLife Bank, N.A – a subsidiary of the insurance giant MetLife, Inc....7Nov2012 | vitalstocks | Comments Off | Continued
(OCN) Ocwen Financial Wins Bid to Buy ResCap
Recently, Ocwen Financial Corp. (OCN) won a bid to acquire Residential Capital’s (ResCap) mortgage-servicing rights (MSRs) in collaboration with Walter Investment Management Corp. (WAC)...6Nov2012 | 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
(GS) The Goldman Sachs Group Outperforms – Hikes Dividend
The Goldman Sachs Group Inc. (GS) reported its third-quarter 2012 earnings per share of $2.85, significantly surpassing the Zacks Consensus Estimate of $2.18. Moreover, the reported earnings outpaced the prior-year quarter’s loss...3Nov2012 | vitalstocks | Comments Off | Continued
(OFC) Corporate Office Properties Trust Offers Shares
Corporate Office Properties Trust (OFC), a real estate investment trust (REIT), has recently priced a public offering of 7.5 million shares at $24.75 each to enhance its liquidity. The company has also decided to grant...3Nov2012 | vitalstocks | Comments Off | Continued