All Posts Tagged With: "MS"
(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
(PNC) The PNC Financial Services Group Beats First Quarter Estimates
The PNC Financial Services Group, Inc.’s (PNC) first-quarter 2013 earnings per share of $1.76 significantly exceeded the Zacks Consensus Estimate of $1.57. Moreover, results beat the earnings per share of $1.44 recorded in the prior-year...18Apr2013 | vitalstocks | Comments Off | Continued
(RTN) Raytheon in Restructuring Mode
Raytheon Company (RTN) has decided to reorganize its business through segment realignment, announcement of key executive roles and job cuts. The restructuring would aim to streamline operations, increase productivity and achieve stronger...28Mar2013 | vitalstocks | Comments Off | Continued
(ELN) Elan Corporation to Sell Remaining Alkermes Stake
Elan Corporation plc (ELN) recently decided to sell its remaining 7.8 million ordinary shares in Alkermes plc (ALKS) pursuant to Rule 144 under the US Securities Act...11Feb2013 | 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
(BIIB) Biogen Idec and Partner Elan Corporation Seek Label Expansion
Biogen Idec Inc. (BIIB) and partner Elan Corporation (ELN) recently submitted applications to the US Food and Drug Administration (FDA) and European Medicines Agency...23Jan2013 | 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
(MS) Morgan Stanley to Cut 1,600 Jobs
On Wednesday, Morgan Stanley (MS) became the latest Wall Street biggie to announce job cuts. Starting this week, it is planning to retrench 1,600 workers. However, the news does not come as a surprise since many other global banks have...16Jan2013 | Shawn | Comments Off | Continued
(SNY) Sanofi Updates on Pipeline
Sanofi (SNY) recently provided an update on its pipeline. Sanofi boasts of a robust pipeline with 65 new molecular entities and vaccines in clinical development, of which 17 are in phase III development or under regulatory review. We...15Jan2013 | 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
(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
(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
(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) 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
(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
(BX) The Blackstone Group LP Closes GCA Acquisition
On Friday, Blackstone Capital Partners V, L.P ? a private equity fund managed by The Blackstone Group LP (BX) ? announced that it has completed the acquisition of GCA Services Group from Nautic Partners, L.L.C. and other minority shareholders....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
(PRU) Prudential Issues $500M Junior Notes
On Wednesday, Prudential Financial, Inc. (PRU) issued long-term junior subordinated notes worth $500 million. The issue was doubled from the originally planned $250 million. The net proceeds are expected...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
(ETFC) E*TRADE Financial Prices Senior Notes
On Tuesday, New York-based online brokerage firm, E*TRADE Financial Corporation (ETFC) announced the pricing of senior notes worth $1.3 billion. This particular step reflects the company’s efforts to refinance costlier debt. The...24Nov2012 | 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
(RTN) Raytheon Reports Mixed Third Quarter Earnings
Raytheon Company (RTN) reported third-quarter 2012 adjusted earnings of $1.60 per share, beating the Zacks Consensus Estimate of $1.27. The result was also higher than the year-ago earnings of $1.39 per share. The strong results...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
(VZ) Taking the Pulse of Earnings Season
There is a lot going on this big day for data, ranging from a flood of third quarter earnings to a reassuring-enough Chinese GDP report and a U.S. Jobless Claims report that reverses all of the gains from the previous week. It gets hard at times to make sense of it all in real time, but the bottom-line...31Oct2012 | vitalstocks | Comments Off | Continued
(MS) Morgan Stanley Beats – Excluding Debt Valuation Adjustment
Morgan Stanley’s (MS) third quarter 2012 earnings from continuing operations came in at 28 cents per share, marginally surpassing the Zacks Consensus Estimate of 24 cents. This is also significantly ahead of the prior-year quarter...30Oct2012 | 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
(API) Stock Market News for October 17, 2012 – Market News
Better-than expected quarterly results combined with a couple of positive domestic reports guided the benchmarks into the green yesterday. Encouraging quarterly results buoyed hopes about a favorable third-quarter earnings season. The bullish sentiment helped the Dow post its biggest gain since September...28Oct2012 | vitalstocks | Comments Off | Continued