All Posts Tagged With: "Wells Fargo & 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
(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
(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
(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
(USB) U.S. Bancorp’s Capital Plan Approved
Following the release of the Federal Reserve’s Comprehensive Capital Analysis and Review (CCAR) results, U.S. Bancorp (USB) gets the nod for its capital plan along with other major banks. With the approval, the company plans to augment...2Apr2013 | 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
(BK) The Bank of New York Mellon Earns Federal Reserve Capital Plan Approval
The Bank of New York Mellon Corporation (BK) announced that its capital deployment plan, submitted under the 2013 Comprehensive Capital Analysis and Review (CCAR) or the stress test, has received approval from the Federal Reserve. Consequently,...23Mar2013 | 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
(STT) State Street Hikes Dividend
State Street Corporation (STT) joined rewarding shareholders through enhanced capital deployment activities. Recently, the company announced an 8.3% hike in its quarterly dividend. The Board of Directors at State Street declared...26Feb2013 | 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) 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
(AA) Fourth Quarter Earnings Expectations Keep Coming Down – Earnings Preview
Aluminum producer Alcoa’s (AA) earnings report is generally considered the start of each quarterly earnings cycle. And by that measure, the fourth quarter earnings season will get underway with Alcoa’s report after the close on...9Jan2013 | 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
(FITB) Fifth Third Bancorp to Buyback Shares
Fifth Third Bancorp (FITB) recently inked a deal to repurchase about $100 million of its outstanding common stock. The share repurchase agreement reached with Credit Suisse International, a division of Credit Suisse Group...23Dec2012 | 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
(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
(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
(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
(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