(MCO) Moody’s Casts Shadow on Toyota Motor
Moody’s Investors Service, the credit rating arm of Moody’s Corp. (MCO), has cut the credit rating for Toyota Motor Corp. (TM) by one level to Aa3 on the back of its weakening market position and...
View Article(EQIX) Equinix Offers 7% Senior Notes
Global data center service provider Equinix Inc. (EQIX) recently commenced a public offering of senior notes worth $750.0 million. Equinix filed for the registration with the U.S. Securities and...
View Article(JPM) JPMorgan Chase & Co – Bank of New York Mellon Likely to Suffer Rating Cut
Over the next 18 months, debt ratings of JPMorgan Chase & Co. (JPM) and Bank of New York Mellon Corporation (BK) might be lowered by Moody’s Investors Service, the rating arm of Moody’s Corp....
View Article(RF) Standard & Poor’s Ratings Services Ups Regions Financial’s Rating Outlook
On Friday, Standard & Poor’s Ratings Services (S&P) lifted its outlook on Regions Financial Corp. (RF) and its subsidiary Regions Bank to ‘Stable’ from ‘Negative.’ The rating agency is...
View Article(MCO) Much Ado About a Double-Dip?
Don’t panic. This is not the time to be scared by heated talks on the possibility of a so-called double-dip recession. The global stock market has come crashing down close on the heels of the debt...
View Article(AIG) American International Group Offers Notes Worth $2 Billion
Yesterday, American International Group Inc. (AIG) vended off senior unsecured floating-rate notes worth $2.0 billion in a two-part offering. Accordingly, one part of senior unsecured notes is valued...
View Article(PNC) PNC Financial Services Group Sells Senior Notes
Last week, PNC Funding Corporation, a unit of PNC Financial Services Group Inc. (PNC), announced the sale of 5-year senior notes with a maturity value of $1.25 billion. PNC Financial sold the notes at...
View Article(MCO) Moody’s Downgrades Three U.S. Mega Banks
On Wednesday, Moody’s Investors Service, a credit rating arm of Moody’s Corp. (MCO) downgraded its credit ratings on Bank of America Corporation (BAC), Citigroup Inc. (C) and Wells Fargo & Company...
View Article(MCO) Insurance Industry Stock Update – September 2011 – Industry Outlook
Despite a series of natural disasters and consequent above-average losses, the U.S. insurance industry could rebound only with help from rising rates and reduced pricing pressure. Though financials of...
View Article(RTN) Raytheon Beats Earnings Forecast – Updates Outlook
Raytheon Company (RTN) reported third-quarter 2011 adjusted earnings of $1.39 per share, beating the Zacks Consensus Estimate of $1.33. Results were also higher than the year-ago quarterly earnings of...
View Article(IMF) IMF Introduces Bailout Fund – A Thanksgiving Gift For Europe?
When the world economy is reeling under the European sovereign debt crisis and ever-increasing uncertainty in the continent across the Atlantic, here’s some good news from the International Monetary...
View Article(ORCL) Oracle Launches New Software – Oracle Financial Services Liquidity...
Oracle Corp. (ORCL) recently launched its new financial services software, namely Oracle Financial Services Liquidity Risk Management. The new software will help banks to efficiently and effectively...
View Article(MCO) Moody’s Follows with Eurozone Warning
Moody’s, a division of Moody’s Corporation (MCO), becomes the second ratings agency to sound a warning after Standard & Poor’s on the failing economic health of the European Union (EU) partly...
View Article(IMF) International Monetary Fund Sees Risks Intensifying
The International Monetary Fund (IMF) has sounded another caveat about the deepening global crisis. According to Christine Lagarde, IMF’s Managing Director, the crisis is unfolding, escalating and...
View Article(MCO) Fitch Has Eurozone Rating Misgivings
Ratings agency Fitch has misgivings about Europe’s ability to tackle the sovereign debt crisis. Moody’s, a division of Moody’s Corporation (MCO) and Standard & Poor’s had earlier warned about the...
View Article(AIG) American International Group ILFC to Raise $650 Million from Notes
Yesterday, American International Group Inc.’s (AIG) aircraft leasing unit – International Lease Finance Corporation (ILFC) – announced the issue of long term notes worth $650 million. Accordingly, the...
View Article(PMI) European Central Bank Tries Quenching Thirsty Banks
The European Central Bank (ECB) has been overwhelmed by the rush for cheap three-year loans. The demand for these loans has far exceeded expectations — a fact that underscores the difficult times the...
View Article(GS) The Goldman Sachs Group Invests in Mongolian Bank
On Thursday, Reuters reported that New York-based The Goldman Sachs Group Inc. (GS) has agreed to purchase 4.8% stake in Mongolia’s Trade and Development Bank. The terms of the deal were not disclosed....
View Article(AIG) American International Group Raises $2 Billion from Note Offerings
On Monday, American International Group Inc. (AIG) issued long-term notes worth $2 billion in a two-part offering, according to Thomson Reuters. Accordingly, one fraction of senior unsecured notes is...
View Article(HBC) Capital One Financial Outlook Reiterated by Fitch
Following the successful completion of the acquisition of HSBC Holdings Plc’s (HBC) U.S. credit card operations, Fitch Ratings affirmed all the ratings for Capital One Financial Corp. (COF). In...
View Article(RRD) R.R. Donnelley & Sons Company Buys Edgar Online
Printing major R.R. Donnelley & Sons Company (RRD) recently announced that it has entered into a definitive agreement to acquire Edgar Online Inc. (EDGR) for approximately $70.5 million. Following...
View Article(BK) The Bank of New York Mellon Settles Sigma Lawsuit
The Bank of New York Mellon Corporation (BK) is the latest financial institution to settle the class-action lawsuit related to Sigma Finance Inc., a risky debt vehicle that tanked in 2008. BNY Mellon...
View Article(CIT) CIT Group to Redeem Remaining Costly Debt
CIT Group Inc. (CIT), which has been redeeming notes for quite sometime now, announced its decision to redeem the remainder of $681 million of its 7% Series C senior unsecured notes. These notes mature...
View Article(MET) MetLife Places $750 Million in Senior Unsecured Notes
Recently, Reuters reported that MetLife Inc. (MET) has vended senior unsecured notes worth $750 million. The notes bear an interest rate of 4.125% and are scheduled to mature in February 15, 2042....
View Article(FNF) Fidelity Prices Notes Worth $400 Million
In a concerted effort to fortify its long term financials and refinance an earlier debt, Fidelity National Financial, Inc. (FNF), is issuing notes worth $400 million. The company, on August 21,...
View Article(AFG) American Financial Group Issues Notes Worth $125 Million
In order to refinance an earlier debt, American Financial Group Inc. (AFG), has issued notes worth $125 million. The notes bear an interest rate of 5.75% and are scheduled to mature on August 25, 2042....
View Article(HBC) Standard & Poor’s Ratings Services Lowers HSBC’s Rating Outlook
On Thursday, Standard & Poor’s Ratings Services (S&P) downgraded its outlook on HSBC Holdings plc (HBC) and its other rated holding companies to ‘Negative’ from ‘Stable’. The downward revision...
View Article(AIG) American International Group Sells $250 Million Notes
Yesterday, American International Group Inc. (AIG) announced the sale of unsecured senior notes worth $250 million. The proceeds of these notes are expected to be utilized for enhancing the operational...
View Article(NYX) NYSE Euronext Raises $850M from Note Sale
On Monday, NYSE Euronext Inc. (NYX) vended of senior notes worth $850 million that were underwritten through a public offering. This marks the company’s first dollar-denominated note sale after about...
View Article(MCO) Zions Bancorp Listed as Likely Upgrade by Moody’s Investors Service
Moody’s Investors Service – the credit rating arm of Moody’s Corp. (MCO) – has placed the ratings of Zions Bancorp (ZION) and its affiliates on review for a likely upgrade. The main reason behind the...
View Article(MCO) Moody’s Ups FY2012 Outlook
Moody’s Corp. (MCO) raised its fiscal 2012 forecast. While the top line remains similar to previous expectations (up 12% to 13% year over year compared to previous expectations of an increase in the...
View Article(MET) MetLife Vends $1B Notes
Yesterday, MetLife Inc. (MET) sold callable notes worth approximately $1.0 billion in a two-part offering that were scheduled for remarketing and settlement in 2012, according to Reuters. Previously,...
View Article(AFL) Aflac Raises $450M from Notes
Recently, Aflac Inc. (AFL) announced the sale of long-term subordinated notes worth $450 million, thereby inflating it from the initial plan to issue notes worth $250 million. Additionally, a green...
View Article(MCO) Regions Financial under Review by Moody’s
On Wednesday, Moody’s Investors Service, a rating arm of Moody’s Corp. (MCO) kept the long-term ratings of Regions Financial Corp. (RF) and its subsidiaries under review for upgrade. The rating agency...
View Article(MCO) Moody’s May Downgrade Canadian Banks
Moody’s Investors Service – the credit rating arm of Moody’s Corp. (MCO) – has put the long-term ratings of six major Canadian banks on review for a possible one-notch downgrade. The potential rating...
View Article(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...
View Article(BAC) Bank of America Neutral Maintained
We are maintaining our long-term ‘Neutral’ recommendation on Bank of America Corporation (BAC) to reflect the company’s improving credit quality and various restructuring measures undertaken. Yet, we...
View Article(MCO) PNC Financial Downgraded by Moody’s
Moody’s Investors Service, a rating arm of Moody’s Corp. (MCO), downgraded the rating outlook of PNC Financial Services Group Inc. (PNC) and its subsidiaries. Moody’s downgraded the long-term ratings...
View Article(MCO) Zions Bancorp Ratings Upgraded by Moody’s
Moody’s Investors Service, a rating arm of Moody’s Corp. (MCO), has completed the review for the upgrade in ratings of Zions Bancorp. (ZION) and its subsidiaries initiated on Oct 3. Following the...
View Article(UBS) Foreign Banks Stock Outlook – February 2013 – Zacks Analyst Interviews
In order to plan the path to future growth, banks all over the world are seeking new strategies to lessen the regulatory burden. Almost every bank has its focus on capital efficiency. And most of the...
View Article(CME) CME Group Dips to Underperform
On Feb 27, we downgraded derivative exchange CME Group Inc. (CME) to Underperform based on its weak top-line growth over the last several quarters. Why the Downgrade? Estimates for CME Group have...
View Article(V) Visa Stays at Neutral
On Mar 5, we reiterated our Neutral recommendation on Visa Inc. (V) based on its improving product portfolio and operating leverage that partly mitigate the regulatory challenges. However, higher...
View Article(AXP) Fed Approves American Express’ Capital Plan
In its second attempt so far this year, American Express Co. (AXP) (AmEx) succeeded in receiving approval for its capital plan for the next one year from the Federal Reserve (Fed). The last capital...
View Article(MCO) Moody’s Upgraded to Strong Buy
On Mar 21, 2013, Zacks Investment Research upgraded Moody’s Corp. (MCO) to a Zacks Rank #1 (Strong Buy). With a strong return of 23.4% over the past one year and a positive estimate revision trend,...
View Article(NDAQ) Nasdaq OMX Group Analyst Maintains Neutral on Shares
On Apr 9, 2013, we reiterated our Neutral recommendation on Nasdaq OMX Group Inc. (NDAQ) based on its diversified growth strategy and expense management, which is partially offset by higher debt...
View Article(ICE) Intercontinental Exchange Shares Hits 52-Week High
On Mar 25, 2013, shares of Intercontinental Exchange, Inc. (ICE) hit a 52-week high of $163.81. Previously, the company had reported fourth-quarter results with an earnings surprise of 5.1%. This...
View Article(PFE) Grading the First Quarter Earnings Season – Earnings Preview
Grading the Q1 Earnings Season We have crossed the halfway mark in the Q1 earnings season, with results from 271 S&P 500 companies already out (as of Friday, April 26th). Please note that these 271...
View Article(MGI) MoneyGram Partners With Bosnian Bank
MoneyGram (MGI) entered into a partnership agreement with a leading bank in Bosnia-Herzegovina and the pan European region – Intesa San Paolo Bank to expand its money transfer network in Bosnia....
View Article(AXP) American Express Shares Hit 52-Week High
On May 21, 2013, shares of American Express Co. (AXP), also known as AmEx, hit a 52-week high of $75.11. The company reported first-quarter results with a positive earnings surprise of 3.6%. AmEx...
View Article(DB) Deutsche Bank AG Issues $1.5 Billion in Notes
Recently, Frankfurt-based Deutsche Bank AG (DB) issued $1.5 billion of subordinated notes that qualify under Tier 2 capital. The notes have a maturity date of May 24, 2028. The issuance of notes is...
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