All Posts Tagged With: "WFC"

(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

(FPO) First Potomac Realty Trust Prices Upsized Offering

First Potomac Realty Trust (FPO) recently priced an equity offering of 6.5 million shares at $14.70 per share as part of its effort to infuse capital and repay debt. The offering was increased from the original number of 6 million...

11Sep2013 | | Comments Off on (FPO) First Potomac Realty Trust Prices Upsized Offering | 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

(HCN) Health Care REIT Gets $1.7B from Equity Offering

Recently, Health Care REIT, Inc. (HCN) announced the closure of its public offering of common stock. This real estate investment trust (REIT) priced the equity offering of 23 million common shares at $73.50 per share, including 3 million...

14Jun2013 | | Comments Off on (HCN) Health Care REIT Gets $1.7B from Equity Offering | Continued

(C) Citigroup to Redeem Preferred Stock

Citigroup Inc. (C) announced the redemption of its preferred securities worth about $94.3 million. The redemption includes 8.5% Series F Non-cumulative Preferred Stock and 6.5% Series T Convertible Non-cumulative Preferred Stock.

The...

14Jun2013 | | Comments Off on (C) Citigroup to Redeem Preferred Stock | Continued

(WFC) Wells Fargo Hits New 52-Week High

Shares of Wells Fargo & Company (WFC) achieved a new 52-week high, touching $38.67 on May 8. The closing price of this well-known asset manager reflects a solid year-to-date return of 11.4%. The trading volume for the session was...

23May2013 | | Comments Off on (WFC) Wells Fargo Hits New 52-Week High | Continued

(WFC) Wells Fargo in $105 Million Settlement

Wells Fargo & Company (WFC) agreed to shell out a sum of $105 million to settle a lawsuit filed against it by Medical Capital Holdings Inc. The lawsuit alleged that Wells Fargo, acting as a trustee for debt issued by Medical Capital...

16May2013 | | Comments Off on (WFC) Wells Fargo in $105 Million Settlement | Continued

(RF) Regions Financial to Redeem TruPS

Regions Financial Corporation (RF) announced that it will redeem its issued and outstanding 6.625% Trust Preferred Securities (TruPS) worth $498 million. These TruPS were issued by Regions Financing Trust II. The redemption is scheduled...

16May2013 | | Comments Off on (RF) Regions Financial to Redeem TruPS | 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

(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

(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

(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

(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 | | Comments Off on (USB) U.S. Bancorp’s Capital Plan Approved | 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

(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 | | Comments Off on (BK) The Bank of New York Mellon Earns Federal Reserve Capital Plan Approval | 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

(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 | | Comments Off on (STT) State Street Hikes Dividend | 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) 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 | | Comments Off on (JPM) Fourth Quarter Earnings Largely Uneventful Thus Far – Earnings Trends | 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 | | Comments Off on (BAC) Bank of America Beats by a Penny – Revenues Down | 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 | | Comments Off on (AA) Fourth Quarter Earnings Expectations Keep Coming Down – Earnings Preview | 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 | | Comments Off on (ICE) IntercontinentalExchange Quotes $8.2B for NYSE Buyout | 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 | | Comments Off on (XLF) Stock Market News for December 24, 2012 – Market News | 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 | | Comments Off on (FITB) Fifth Third Bancorp to Buyback Shares | Continued