Industry News

MSCI Inc. announced today substantial updates to its fixed income risk model suite. This fourth-generation offering applies MSCI’ s three decades of expertise in fixed income to challenges in today’ s markets and the need to more quickly recognize changes in the global credit markets. Peter Zangari, Managing Director and Global Head of Analytics for MSCI, said,“ Recent consolidation among fixed income analytics providers has forced many investment managers to explore..."/>
MSCI Upgrades Fixed Income Model Suite
Popular, Inc. today disclosed the results of its 2016“ company-run” stress test required by the Dodd-Frank Wall Street Reform and Consumer Protection Act for Popular, Inc. and its principal banking subsidiary, Banco Popular de Puerto Rico. The information is available at under Investor Relations, Presentations and Webcasts. Founded in 1893, Popular, Inc. is the leading banking institution by both assets and deposits in Puerto Rico and..."/>
Popular, Inc. Releases Its 2016 Dodd-Frank Act Stress Test Results
Morningstar, Inc. has entered into a definitive agreement to acquire PitchBook Data, Inc. PitchBook, founded in 2007, delivers data, research, and technology covering the breadth of the private capital markets, including venture capital, private equity, and mergers and acquisitions, the company said. PitchBook will maintain its brand and identity and will continue to be led by founder and chief executive officer John Gabbert. Morningstar was an early investor in PitchBook and..."/>
Morningstar to acquire PitchBook Data
BancorpSouth has announced the extension of the merger agreements with Central Community Corporation and Ouachita Bancshares Corp, the company said. The merger agreements were extended until December 31, 2017, with changes designed to protect the parties from the risks associated with the prolonged regulatory approval process that has delayed completion of the mergers. The mergers have been unanimously approved by the boards of directors of..."/>
BancorpSouth extends merger agreements with Central Community, Ouachita Bancshares
Eaton Vance Corp has declared a quarterly dividend of USD0.28 per share on its common stock, an increase of 6 percent over the USD0.265 per share declared in the company's third fiscal quarter, the company said. The increase marks the 36th consecutive fiscal year that Easton Vance has raised its regular quarterly dividend, which has grown at a compound annual rate of 18 percent over that 36 year period. Eaton Vance, a global asset manager with offices in..."/>
Eaton Vance quarterly dividend increases to USD0.28
Opus Bank announced today that its third quarter earnings conference call, previously scheduled for 8:00 a.m. PT on Monday, October 24, 2016, will now occur at 7:00 a.m. PT on Monday, October 24, 2016, one hour earlier than previously scheduled. The Company’ s earnings will be released before the market opens on the same day, as previously scheduled. Analysts, investors, and the general public may listen to a discussion of Opus’ third quarter earnings and..."/>
Opus Bank Announces Earlier Time for Its Third Quarter 2016 Earnings Conference Call
Bank of America Corp., Wells Fargo& Co., Citigroup Inc., and JPMorgan Chase& Co.. These equities belong to the financial sector which was higher in pre-market trade on Friday, October 14, 2016, due to strong Q3 earnings reports from several banking stocks."/>
Research Reports on Banking Equities -- Bank of America, Wells Fargo, Citigroup, and JPMorgan Chase
OTC Markets Group Inc., operator of financial markets for 10,000 U.S. and global securities, today announced the third quarter 2016 performance and quarterly rebalancing of the OTCQX ® indexes, the OTCQB ® Venture Index, the OTCM QX ADR 30 Index and the OTCM ADR Index. The OTCQX Composite Index, which tracks the overall OTCQX Best Market, rose 3.2% in the third quarter. Thirty-eight companies were added to the Index and 22 companies were removed,..."/>
OTC Markets Group Announces Quarterly Index Performance and Rebalancing
Idaho Independent Bank, announced IIB’ s unaudited, consolidated financial results for the third quarter and nine months ended September 30, 2016.. “The Bank had strong year-over-year loan and deposit growth and improved profitability during the third quarter of 2016,” Mr. Net income for the quarter was $1.1 million, or $0.14 per diluted share, compared to$. 9 million, or $0.11 per diluted share,..."/>
Idaho Independent Bank Announces 2016 Third Quarter and Year-to-Date Results
Ameris Bancorp today reported operating net income of $21.6 million, or $0.61 per diluted share, for the quarter ended September 30, 2016, a 35% increase when compared with $15.9 million, or $0.49 per diluted share, for the quarter ended September 30, 2015. Operating earnings and reported earnings for the third quarter of 2016 are identical, though operating earnings for the third quarter of 2015 exclude $290,000, or $0.01 per diluted share, of..."/>
Ameris Bancorp Reports Record Net Income For Third Quarter 2016
Timbercreek Financial, a leading non-bank commercial real estate lender, commented today that the Federal Department of Finance's recently announced changes to the rules relating to insured residential mortgages are not expected to impact the Company's portfolio or financial performance. "We do not have any exposure to insured mortgages, which is the target of the rule changes," said Andrew Jones, Chief Executive Officer of Timbercreek Financial. " An important..."/>
Timbercreek Financial Not Impacted by New Mortgage Rules
Opus Bank announced today that earnings for the third quarter 2016, which will be announced on October 24, 2016 before the market opens, will include a $0.59 per diluted share impact from loan charge-offs and is expected to result in a net loss of approximately $0.05 per diluted share for the third quarter of 2016.. As part of the credit review process of impaired loans, new developments supported charge-offs being recognized on eight loan relationships..."/>
Opus Bank Announces Loan Charge-Offs Will Impact Third Quarter Earnings
SUPERVALU INC. today announced that it has entered into a definitive agreement whereby an affiliate of Onex Corporation will acquire SUPERVALU’ s Save-A-Lot business for $1.365 billion in cash, subject to customary closing adjustments. In connection with the sale, SUPERVALU and Save-A-Lot will enter into a five-year professional services agreement. The sale of Save-A-Lot is expected to be completed by January 31, 2017, subject to regulatory approvals and..."/>
SUPERVALU Announces Sale of Save-A-Lot Business for $1.365 Billion
Patriot National, Inc., a leading provider of technology and outsourcing solutions, today announced the award of a long-term end-to-end business process outsourcing service contract with Ashmere Insurance Company. As part of the long-term turnkey BPO service contract, Patriot National will write and serve as program administrator for Ashmere's specialty property and casualty insurance policies with defined underwriting,..."/>
Patriot National Awarded Turnkey BPO Services Contract from Ashmere Insurance Company
Onex Corporation today announced it has agreed to acquire the Save-A-Lot business from SUPERVALU INC. for $1.365 billion. Save-A-Lot is one of the largest hard-discount grocery retailers for value-seeking shoppers in the United States."/>
Onex to Acquire Save-A-Lot
Bank of America today reported its third-quarter 2016 financial results. The news release, supplemental filing and investor presentation can be accessed in the following ways:. This Smart News Release features multimedia."/>
Bank of America Reports Third-Quarter 2016 Financial Results
Radian Group Inc. today announced that it will hold a conference call on Thursday, October 27, 2016, at 10:00 a.m. Eastern time to discuss the company’ s third quarter 2016 results, which will be announced prior to the market open on the same day. The conference call will be broadcast live over the Internet at name= Webcasts or at"/>
Radian to Webcast Third Quarter Conference Call on October 27, 2016
ICICI Bank. But bankers to whom HT spoke to say this operation is easier said than done."/>
Deal to help banks clean up books, but Essar has many debts to pay [Hindustan Times, New Delhi]
Callidus Capital Corporation,, today announced that its Board of Directors has approved a 20% increase in the regular dividend payable to shareholders. This increases the dividend from $1.00 per common share per year to $1.20 per Common Share per year, or $0.10 per Common Share per month. The dividend will continue to be paid monthly to the holders of Callidus' outstanding Common Shares of record as of the close of business on the last business day of each..."/>
Callidus Capital Corporation Announces a 20% Increase in Dividend to $1.20 per year per Common Share and Declares Monthly Dividend
Goldman Sachs Group Inc., LPL Financial Holdings Inc., and Cowen Group Inc.. These firms belong to the Financials sector which was the best-performing sector as of midday Friday, October 14, 2016, gaining 0.4%."/>
Investment Brokerage Stocks Technical Reports -- E*TRADE Financial, Goldman Sachs, LPL Financial, and Cowen

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