On Friday, after Dow component Pfizer Inc declared a deal of $16 billion, and the ricochet back of oil prices, led U.S. stock to rally.
Financial Sector Summary:
During Friday’s trade, Ocwen Financial Corp. (NYSE:OCN), was the top gainer and the most volatile stock of the financial sector, and added 13.72% to the share, while it remained 12.80% volatile for the week and 14.45% for the month. Vestin Realty Mortgage II, Inc. (VRTB), was among the top loser of the sector, losing -10.32% from the share.
On the other hand, WisdomTree Investments, Inc. (NASDAQ:WETF), hits new 52-week high of $19.38, and closed at $18.37., while Firsthand Technology Value Fund, Inc. (NASDAQ:SVVC), hits new 52-week low of $14.72, and settled at $14.82.
Bank of America Corporation (NYSE:BAC), was among the most active stock of the session, attaining volume of 160,843,712. Sterling Bancorp. (NYSE:STL), showed an unusual incline of volume 5,315,941, as compared to its average volume of 441,498 for the last trading session. CBOE Holdings, Inc. (CBOE), Marsh & McLennan Companies, Inc. (MMC), and WisdomTree Investments, Inc. (WETF) will release their earning report, before the market open today.
Details about some major gainers during Friday’s trade are described below:
Ocwen Financial Corp. (NYSE:OCN), was among the top gainer for Friday’s trade, with shares boost of 13.72%, which led the share to close at $8.54, after a leading financial services holding company, said it does not expect any new regulatory issues after it settled allegations with New York State regulators of mishandling some borrowers’ situations. Ocwen also declared it anticipates strong cash flow in 2015 and detailed a plan to quickly sell off much of its mortgage-servicing rights. Furthermore, Ocwen said it the recent regulatory settlements would cause it to report a loss in the fourth quarter of 2014.
Ocwen Financial Corp. (NYSE:OCN), is a financial services holding company which, through its auxiliaries, is engaged in the servicing and origination of mortgage loans. Ocwen is headquartered in Atlanta, Georgia, with offices throughout the United States and support operations in India and the Philippines.
Shares of On Deck Capital, Inc. (NYSE:ONDK), jumped nearly 7.89% and closed at $16.95, soon after a leading platform for small business loans, declared their Small Business Credit Education Initiative to educate and engage business owners on business financing and credit. The company’s first two commitments to credit education comprise BusinessLoans.com, a first-of-its-kind resource solely dedicated to explaining business financing, and a national partnership with SCORE, a non-profit organization comprised of 11,000+ volunteer mentors who provide free and confidential small business mentoring and advice.
The Initiative launches in response to OnDeck’s latest Main Street Pulse Report, a quarterly study of small business trends, which found that business owners lack a comprehensive resource to learn about their financing alternatives. Key findings from the study comprised of:
- 80 percent of business owners don’t think banks do a good job at explaining how to qualify for different business financing products.
- 87 percent of business owners have not found an online resource to answer their business financing questions.
On Deck Capital, Inc. (NYSE:ONDK), a leading platform for small business loans, is committed to increasing Main Street’s access to capital. OnDeck uses advanced lending technology and analytics to assess creditworthiness based on actual operating performance and not solely on personal credit.
PennantPark Investment Corporation, (NASDAQ:PNNT), surged 7.23% to close at $9.49, as On February 3, 2015, PennantPark Investment Corporation held its annual meeting of stockholders and presented two matters to the vote of stockholders. The proposals are described in detail in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on November 26, 2014. As of December 1, 2014, the record date, 75,092,911 shares of ordinary stock were eligible to vote.
PennantPark Investment Corporation, (NASDAQ:PNNT), is a publicly listed business development firm specializing in direct and mezzanine investments in middle market companies.
Shares of the Morgan Stanley, (NYSE:MS), gained 2.46% & closed at $35.79, as Morgan Stanley analyst James E. Faucette reiterated an Equal-Weight rating and $57.00 price target on GoPro Inc (NASDAQ: GPRO). In the report, Morgan Stanley noted, “Improved editing and software automation still key to long-term potential. GoPro posted impressive December quarter results while administration offered guidance and commentary that left us confident in the company’s growth trajectory through 2015.For our part, the thesis remains unchanged: we believe GoPro must lead in the automation of video editing and sharing through nonstop development of its software platform.
From the very recent news, it has been reported that The North Miami Beach-based shopping center REIT (NYSE: EQY) said Ostrower would begin March 3, taking over for Mark Langer, who declared in October that he would leave the company once his contract expired in June 2015. Ostrower, 44, was recently the managing director for Morgan Stanley’s European research department in New York.
Morgan Stanley, (NYSE:MS), is a leading global financial services firm providing investment banking, securities, investment administration and wealth administration services. With offices in more than 43 countries, the Firm’s employees serve clients worldwide counting corporations, governments, institutions and individuals.
The Charles Schwab Corporation, (NYSE:SCHW), mounted 4.26% to close at $29.11, as The Board of Directors of The Charles Schwab Corporation has declared a regular quarterly cash dividend of $0.06 per ordinary share, payable February 20, 2015. On January 30, 2015, the company revised the record date to February 9, 2015, instead of the initially declared record date of February 6, 2015.
The Charles Schwab Corporation, (NYSE:SCHW), is a leading provider of financial services, with more than 325 offices and 9.4 million active brokerage accounts, 1.4 million corporate retirement plan participants, 985,000 banking accounts, and $2.46 trillion in client assets as of December 31, 2014.




