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Nicholas Financial: Bargain-Hunters, Keep Watching

2017-11-16 seekingalpha
Nicholas Financial appears cheap initially, based on book value, but offers little margin of safety for investors at current prices. (98-0)

Senate reaches deal to cut number of systemically important banks | Reuters

2017-11-15 reuters
WASHINGTON (Reuters) - A bipartisan group of U.S. senators said on Monday they had reached a tentative deal to cut the number of banks labeled systemically risky, in a major step forward for efforts to roll back regulations enacted following the 2008 financial crisis. (87-0)

Regulatory Relief in Sight for Banks: STI, BBT, ZION & More

2017-11-14 zacks
The long wait for relief of regulatory burden may finally be over. While the Trump administration continues to push for the reversal the Dodd Frank Act, a bipartisan agreement announced on Monday came as a breather. This is expected to pave the way for significant changes and bring major relief to banks. Highlights of the Agreement The major relief from the plan, unveiled by the Senate Banking Committee Chairman Mike Crapo, is likely to come in the form of reduction in the number of banks labeled as systemically important financial institutions (SIFI). (160-0)

Tracking Ruane, Cunniff, & Goldfarb's Portfolio - Q3 2017 Update

2017-11-14 seekingalpha
Ruane, Cunniff, & Goldfarb’s 13F portfolio value increased ~6%, from $10.81B to $11.42B. The number of positions decreased from 70 to 69. (386-3)

Bank Stock Roundup: Investor Confidence Shaken, COF & WFC in Focus

2017-11-10 zacks
Over the last five trading days, the performance of banking stocks has been bearish. Expected delays in corporate tax reform and a flattening of the yield curve drove investor pessimism over bank stocks. Earlier this week, Democrats won elections in Virginia and New Jersey, which indicates increased prospects for their representatives in next year's midterm elections. This development increases investor apprehension, as this might challenge Republicans' plans of lessening regulations for banks. (274-0)

Focus on Fidelity Advisor Stock Selec Mid Cp C Fund (FMCEX)

2017-11-09 zacks
Fidelity Advisor Stock Selec Mid Cp C Fund (FMCEX - Free Report) seeks to provide growth of capital in the long run. FMCEX invests the lion’s shares of its assets in stocks of companies having a medium market capitalization.  Such companies normally have their capitalization similar to those companies included in the Russell Midcap Index or the S&P MidCap 400 Index. FMCEX invests in both U.S.-based as well as non-U. (45-0)

Capital One's Ratings Affirmed by Moody's, Outlook Negative

2017-11-09 zacks
Moody's Investors Service, the rating services arm of Moody's Corporation, downgraded Capital One Financial Corporation’s (COF - Free Report) outlook from stable to negative. The company’s senior unsecured debt ratings were affirmed at Baa1. Additionally, the deposit ratings for its subsidiaries were confirmed at A1/negative/Prime-1. Moody’s believes that exceptional loan growth over the years has led to increased charge-offs particularly in credit card and C&I portfolios, which resulted in a decline in the profitability of the company and increased risk levels. (43-0)

Bipartisan Dodd-Frank Rollback Could Benefit Banks Big and Small - Bloomberg

2017-11-09 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (55-0)

Capital One exits mortgage loans business, cuts 1,100 jobs

2017-11-08 reuters
(Reuters) - Capital One Financial (COF.N) will stop issuing mortgage and home equity loans and cut some 1,100 jobs amid rising interest rates that have pushed away borrowers and slowed loan growth at many U.S. regional banks. (37-0)

Capital One Cuts 1100 Jobs as it Exits Mortgage Business

2017-11-08 zacks
Capital One Financial Corporation (COF - Free Report) announced yesterday that it will stop originating mortgage and home equity loans, as increased competition has made it harder to remain profitable. It will lay off 950 employees as a result of its exit from this business. However, the company will continue to service its existing home loans. Capital One is also closing a call center that employs about 200 workers, as they have experienced a decline in call volume with customers being more comfortable with its mobile app and other modes of communication with the bank. (139-0)

Capital One Surprises To The Upside, Offering A Time To Reevaluate

2017-11-06 seekingalpha
With higher interest rates expected out of the Fed, higher delinquency rates may lead to disappointment ahead for Capital One. (51-0)

5 Blue-Chip Stocks to Buy for November

2017-11-04 investorplace
Welcome to the best two-month stretch of the year. Although March and April are jointly productive, on average, with their collective 3% advance from the S&P 500, the combination of November and December is even stronger with its typical 4% rally. (145-0)

Mastercard (MA) Q3 Earnings & Revenues Beat, Increase Y/Y

2017-10-31 zacks
Mastercard Inc. (MA - Free Report) reported third-quarter 2017 earnings per share of $1.34, beating the Zacks Consensus Estimate of $1.23. Also, earnings grew 23% year over year. (91-0)

Amazon is a big winner this earnings cycle, but not the only one

2017-10-30 themalaymailonline
Amazon is showing investors it can run the newly acquired Whole Foods grocery chain, churn out gadgets, sell more products online and still manage expenses. The company trampled forecasts and its shares surged 13 per cent Friday to close at a record US$1,100.95 (RM4,669.68). — File picNEW YORK, Oct 30 — For all the hand-wringing about how Amazon.com Inc’s growth aspirations may hurt other companies, there’s plenty of evidence in third-quarter earnings results that the online retailer isn’t alone in benefiting from robust economic growth. (262-0)

Amazon Isn't the Only Big Winner This Earnings Cycle - Bloomberg

2017-10-29 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. (262-0)

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