When KeyCorp said on Friday that it agreed to buy First Niagara Financial Group, shares of both banks dropped fell, with KeyCorp dropping 7 percent and First Niagara slipping nearly 1 percent. When New York Community Bancorp agreed to buy Astoria Financial Inc, the acquirer's shares fell 12 percent, and Astoria's shares fell 7.7 percent. After the KeyCorp and New...
*LinkedIn, AbbVie soar after results. *KeyCorp down after agreeing to buy First Niagara. Shares of drugmaker AbbVie jumped 12.1 percent to $60.62, the biggest positive driver for the S&P 500 index, after posting better-than-expected quarterly profit and a strong long-term outlook.
*LinkedIn, Abbvie soar after results. *Keycorp down after agreeing to buy First Niagara. Investors will get more clues on consumer spending when the University of Michigan's final index on consumer sentiment, which is expected to rise to 92.5 in October from 92.1 in September, is released at 10:00 a.m..
*LinkedIn, Abbvie soar after results. *Keycorp down after agreeing to buy First Niagara. Oct 30- U.S. stock indexes were set to open slightly higher on Friday after better-than-expected results from energy majors Exxon and Chevron.
Some of the names on the move ahead of the open.
On today's final trading day of October, stocks are on track for their best month in four years and a fifth straight winning week.
CNBC Pro highlights the top-performing stocks this week and analyzes whether the good times will continue.
*China factory activity at 6-1/ 2- yr low in September. Boeing Co said it had won orders and commitments from China for aircraft valued at about $38 billion at list prices. But its shares fell 1.7 percent to $131.67.
*China factory activity at 6-1/ 2- yr low in September. The CBOE Volatility index, Wall Street's fear gauge, was down 1.7 percent at 22.06, though still above its long-term average of 20.. The volatility in the U.S. stock market has increased recently as investors fret over a China- led global economic slowdown, a concern the Federal Reserve alluded to last week when it...
*China factory activity at 6-1/ 2- yr low in September. Sept 23- Wall Street was lower in volatile trading on Wednesday as weak Chinese and U.S. factory data hit material and industrial stocks. The industrial sector was lower by 0.8 percent, with United Technologies and Honeywell falling about 2 percent.
Despite a lackluster market, some hedge funds trounced the S&P 500 in April. Here's how they did it.
New money making opportunities lie ahead. “This stock has a history of reporting, then selling off, and rallying again," Cramer said.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
A slowdown in lending is flashing a warning sign about bank earnings as the biggest names in the business get set to report.
It’s time for the Lightning Round. Cramer makes the call on viewer favorites.
The holding company for First Niagara Bank said Friday that the period ended Sept. 30 was its 11th straight quarter of double-digit growth for its commercial loan book. First Niagara's net income available to common shareholders fell to $50.8 million, or 14 cents per share, from $57 million, or 19 cents per share, in the same period last year.
*Barclays starts coverage of the U.S. small-cap banks industry with neutral. *Barclays starts Associated Banc Corp with equal weight rating. *Barclays starts Cullen/Frost Bankers Inc with underweight rating.
The company appointed Anne Donahue to New York market leader for the private client reserve of US Bank. The bank also appointed Lynn Maaske as vice president and wealth management adviser for the private client reserve in St. Paul. The firm added Al Weaver and John Worcester to its advisor force in Massachusetts.
BUFFALO, N.Y.-- First Niagara Financial Group says it's realigning some staffing and will do away with 180 positions as it recruits for 250 others. The bank says it's hired 2,700 people over the past two years, including 1,200 from its recent purchase of 195 HSBC branches in New York and southwestern Connecticut.
Sometimes rumors are too good an idea to ignore, especially when it comes to bank acquisitions, “Mad Money” host Jim Cramer said Tuesday.