Financial services
The Dow Jones Industrial Average is trading up 176 points (1.0%) at 17,936 as of Monday, July 13, 2015, 1:10 PM ET, with the NYSE advances/declines ratio sitting at 2,114 issues advancing vs. 915 declining with 124 unchanged. The Financial sector is currently up 0.
Banking industry
Five major banks - Barclays PLC, Citicorp, JPMorgan Chase & Co., The Royal Bank of Scotland PLC, and UBS AG - have agreed with the U.S. Department of Justice to plead guilty to violating U.S. law through their conduct in the foreign exchange market. The guilty pleas reflect
Banking industry
Five of the six major banks involved, including UBS AG, Barclays Bank PLC, Citigroup Inc., JPMorgan Chase & Co., and Royal Bank of Scotland PLC (RBS), agreed to plead guilty to conspiring to manipulate the price of U.S. dollars and euros exchanged in the FX markets. The banks used
Banking industry
On May 11, 2015, several analyst upgrades were announced for various companies, including Alcatel-Lucent, Caterpillar, Cisco, Evolution Petroleum, Hecla Mining, Joy Global, Monster Beverage, Nokia, On Deck Capital, Royal Caribbean, SMC, Sally Beauty, Southwestern Energy, Sprouts Farmers Markets, Suburban Propane, Suffolk Bancorp, Syngenta, Triumph Group, United Natural Foods, Web.com,
Banking industry
Citigroup shares were little changed after the Department of Justice declined to pursue civil or criminal charges for its alleged role in manipulating Libor rates. The decision comes after nearly three years of investigations into several major banks, including Citigroup, JP Morgan Chase, and Bank of America. The Libor scandal
Financial services
Today, numerous companies received initiations from various Wall Street analysts, bringing significant market attention to these stocks. ACE Limited, Accuray, and Arthur J. Gallagher were among the companies initiated with an "Outperform" at Credit Suisse, indicating strong potential for growth. Meanwhile, Jefferies initiated Twitter with a "Buy&
Financial services
Novavax, a clinical-stage vaccine company, has successfully closed its underwritten public offering, issuing 27.76 million shares of its common stock at $7.25 per share. The company achieved total gross proceeds of approximately $201.25 million before deducting underwriter discounts and offering expenses. The net proceeds will be used
Financial services
Among the various upgrades to notable stocks, a notable shift in sentiment is observed as investors and analysts reassess market trends. In an environment where companies are striving to stay competitive, stock prices are experiencing rising momentum. This article summarizes recent upgrade announcements from top investment firms. Analysts from prominent
Financial services
Staples has been subject to multiple research notes from various firms in recent months, with some analysts adjusting their ratings and price targets for the stock. On Tuesday, Deutsche Bank set a price objective of $18.00, maintaining a hold rating. Other analysts have also weighed in, with some downgrading
Financial services
Citi Group's analysts have sounded the alarm on the food manufacturing sector, citing several negative catalysts that could lead to weaker-than-expected growth. The sector is facing challenges such as volume declines, historically high valuations, and potentially weaker than expected results for companies with exposure to emerging markets and
Financial services
Anthem, a leading health benefit company, has received a vote of confidence from analysts, with Deutsche Bank upgrading its shares to a buy rating. This upgrade comes as multiple analysts have weighed in on the company's performance, with some revising their price targets and ratings. Meanwhile, Anthem'
Financial services
Chevron Corp. has outperformed its peers during the drop-off in oil, but Citigroup analyst Alastair Syme believes the company offers little upside at current prices. Meanwhile, Raymond James analyst Ken Avalos sees an attractive entry point for Artis Real Estate Investment Trust, citing its underperformance in the Canadian REIT market
