$FIG (Fortress Investment Group LLC)

$FIG {{ '2015-12-03T12:39:12+0000' | timeago}} • Announcement

The Amherst-based energy company $NFG said that Marcellus Shale natural gas assets in north-central Pennsylvania will be developed through a joint development agreement (JDA). The JDA was reached with $NFG's E&P subsidiary Seneca Resources Corp., IOG CRV - Marcellus LLC, and funds managed by affiliates of $FIG.

$PYPL {{ '2017-07-26T22:38:44+0000' | timeago}} • Announcement

$PYPL announced a partnership with $BAC which will enable Bank of America customers to transact with PayPal in stores and seamlessly link their Bank of America cards into PayPal. Bank of America cards will be tokenized for customers wishing to use PayPal for in-store purchases, across MasterCard and Visa portfolios in the US.

$BEN {{ '2017-07-26T17:28:54+0000' | timeago}} • Announcement

$BEN announced the appointment of Tom Fisher as Head of US Institutional. Fisher will report to Tom Regner, Head of US Advisory Services.

$BAC {{ '2017-07-26T15:49:41+0000' | timeago}} • Announcement

$BAC declared a regular quarterly cash dividend on its common stock of $0.12 per share, payable Sept 29, to shareholders as of Sept 1. $BAC also declared a regular quarterly cash dividend of $1.75 per share on the 7% Cumulative Redeemable Preferred Stock, Series B, which is payable Oct 25 to shareholders as of Oct 11.

$BAC {{ '2017-07-18T18:18:01+0000' | timeago}} • Webcast

$BAC said it does not consider M&A as a capital strategy. It said the company has been grown organically by investing in cash major capabilities and hence, it does not want to be distracted by acquisitions.

$BAC {{ '2017-07-18T17:11:25+0000' | timeago}} • Webcast

$BAC said total loans in 2Q17 were up 2% YoY, adding that sale of UK card lowered average loan by 2.9Bil. Loan growth was reduced by continued run-off consumer real estate loans during the quarter. However, loans in the business segment were up $39Bil or 5%, led by consumer banking. $BAC continues to see good growth in residential mortgages.

$BAC {{ '2017-07-18T13:11:59+0000' | timeago}} • Infographic

$BAC Bank of America Corporation Earnings AlphaGraphic: Q2 2017 Highlights

$BAC {{ '2017-07-18T12:24:18+0000' | timeago}} • Announcement

Revenue increased 9% to $8.5Bil in $BAC's Consumer Banking segment in 2Q17. Meanwhile, revenue rose 6% to $4.7Bil in Global Wealth and Investment Management, and 7% to a record $5Bil in Global Banking. Global Markets was a dark spot, with a revenue decline of 8% to $3.9Bil, driven by lower sales and trading results.

$BAC {{ '2017-07-18T12:12:51+0000' | timeago}} • Announcement

$BAC, the second-largest US lender by assets, said its sales and trading revenue was $3.2Bil in 2Q17, including negative net debit valuation adjustment of $159MM. Excluding net DVA, sales and trading revenue was down 9%YoY. Meanwhile, fixed income trading unit showed a decline of 14% during the quarter.

$BAC {{ '2017-07-18T12:03:28+0000' | timeago}} • Announcement

Despite a fall in trading, banking major $BAC reported higher revenue and net income in 2Q17, helped by growth in its largest unit - Consumer Banking. Total revenue grew 7% to $22.8Bil, while net income increased 10% to $4.9Bil, or $0.46 per share. Meanwhile, net interest income rose 9% to $11Bil, reflecting benefits from higher interest rates.

$TROW {{ '2017-07-13T13:03:19+0000' | timeago}} • Announcement

Investment management firm $TROW reported assets under management of $904Bil as of June 30, 2017. Client transfers from mutual funds to other portfolios were B$4.2Bil for the month, and $7.6Bil for the quarter-ended June 2017.

$ICE {{ '2017-07-12T15:00:54+0000' | timeago}} • Announcement

$ICE said the NYSE enhanced its listing rules and services platform to attract Special Acquisition Companies (SPACs). The enhanced service offer has allowed for three SPAC listings in the past three months, TPG Pace Energy Holding’s $600MM listing, TPG Pace Holding Corporation’s $400MM listing and Hennessy Capital Acquisition III’s $225MM listing.

$GHL {{ '2017-07-10T15:03:06+0000' | timeago}} • Announcement

Investment bank $GHL has appointed Juan Bejar as Senior Advisor for the company’s Spanish operations. Bejar will be based in Madrid, and will focus on expanding client relationships with major companies in Spain. Currently, Bejar is serving Globalvia and Bruc Capital as President.

$MET {{ '2017-07-07T20:55:55+0000' | timeago}} • Announcement

$MET has signed a definitive agreement with $FIG to acquire Logan Circle Partners, which is Fortress’ traditional fixed income asset management business, for about $250MM in cash. The transaction, expected to close in 3Q17, will not impact MetLife’s existing $3Bil repurchase authorization.

$ICE {{ '2017-07-06T21:51:43+0000' | timeago}} • Announcement

$ICE has appointed Warren Gardiner as VP of Investor Relations effective July 17. He will succeed Kelly Loeffler, who will continue to lead global marketing and communications as an SVP and a member of $ICE’s executive management committee. Gardiner joins $ICE from Evercore ISI.

$AMRI {{ '2017-06-29T13:20:42+0000' | timeago}} • Announcement

$AMRI announced the early termination of waiting period, in connection with its proposed acquisition by affiliates of $CG and GTCR LLC.  The early termination of the HSR waiting period satisfies one of the conditions to the proposed acquisition, valued $21.75 per share in cash.  The merger is expected to close in 3Q17.

$BAC {{ '2017-06-29T13:13:13+0000' | timeago}} • Announcement

$BAC received no objection from the Federal Reserve for its capital plan. The plan includes its intention to lift quarterly dividend by 60% to $0.12 per share, beginning in 3Q17, and its authorization to repurchase of $12Bil of common stock from July 1, 2017 through June 30, 2018.

$HMST {{ '2017-06-28T18:24:04+0000' | timeago}} • Announcement

Financial services provider $HMST is launching a person-to-person payment service embedded in its mobile app called Zelle. The service will allow customers holding US bank accounts to send and receive payments using the recipient's mobile number or email address.

$GHL {{ '2017-06-22T10:54:54+0000' | timeago}} • Announcement

Banking firm $GHL has appointed George Mack as Managing Director and Co-Head of Financing Advisory & Restructuring for North America. Most recently, Mack held the post of Global Restructuring and Finance Group at Barclays Capital. He will be based in New York.

$GHL {{ '2017-06-19T15:49:11+0000' | timeago}} • Announcement

$GHL appointed Stephen Conner as a Managing Director focused on the Energy Services sector, based in New York. Conner was most recently a Managing Director at Perella Weinberg Partners, where he led the Oilfield Services advisory practice.

$TGNA {{ '2017-06-19T13:30:35+0000' | timeago}} • Announcement

$TGNA agreed, together with the other owners of CareerBuilder, to sell CareerBuilder to an investor group led by investments funds managed by affiliates of $APO and Ontario Teachers' Pension Plan Board. The proposed transaction is expected to close in 3Q17.

Recent Transcripts

HMST (HomeStreet, Inc.)
Tuesday, July 25 2017 - 5:00pm
ONB (Old National Bancorp.)
Tuesday, July 25 2017 - 3:00pm
MC (Moelis & Company)
Monday, July 24 2017 - 9:00pm
SBNY (Signature Bank)
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BAC (Bank of America Corporation)
Tuesday, July 18 2017 - 12:30pm
PIH (1347 Property Insurance Holdings, Inc.)
Friday, May 12 2017 - 2:00pm
NMFC (New Mountain Finance Corporation)
Tuesday, May 9 2017 - 2:00pm
AFSI (AmTrust Financial Services, Inc.)
Monday, May 8 2017 - 9:30pm
SCM (Stellus Capital Investment Corporation)
Friday, May 5 2017 - 3:00pm
FNGN (Financial Engines, Inc.)
Thursday, May 4 2017 - 9:00pm
ARCC (Ares Capital Corporation)
Wednesday, May 3 2017 - 4:00pm
ICE (Intercontinental Exchange, Inc.)
Wednesday, May 3 2017 - 12:30pm
CG (Carlyle Group LP)
Wednesday, May 3 2017 - 12:30pm
AMG (Affiliated Managers Group Inc.)
Monday, May 1 2017 - 12:30pm
BEN (Franklin Resources, Inc.)
Friday, April 28 2017 - 3:00pm
APO (Apollo Global Management, LLC)
Friday, April 28 2017 - 2:00pm
GHL (Greenhill & Co., Inc.)
Thursday, April 27 2017 - 8:30pm
KKR (KKR & Co LP)
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AB (AllianceBernstein Holding L.P.)
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LM (Legg Mason Inc.)
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