Tag Archives: ProShares UltraShort

HDFC Bank Ltd. (NYSE:HDB) Takes a Bold step by Lowering Interest Rate – HDB, IBN, TTM, SPY, IWM, XLF, VXX, TZA, SDS

On Monday,HDFC Bank Ltd. (NYSE:HDB) dropped its base rateor the minimum rate of interest it can take from borrowers by 0.1 percentage point, factoring in a decline in its funding cost.

HDFC Bank’s recently changed base rate at 9.70% is …

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PacWest Bancorp (NASDAQ:PACW) Acquiring First California in $2 Billion Deal – PACW, USB, TZA, SDS, UVXY, C, NLY, JPM

PacWest Bancorp (NASDAQ:PACW) has decided to obtain First California Financial Group Inc. (FCAL) for $231 million in common stock, an agreement that adds almost $2 billion in assets to the bank holding firm.

PacWest would purchase First California for $8 …

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Wells Fargo & Co (WFC) 2Q Profit Surges on Escalated Mortgage Income – WFC, JPM, C, VXX, PGR, SDS, HBAN, VWO, MS

Wells Fargo & Co.’s (NYSE:WFC)announced on Friday that its third-quarter profit moved up 22% as the nation’s fourth-biggest bank by assets witnessed increase in revenue and mortgage income, while credit got better.

Shares were 2.2% lower to $34.45 in early …

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Discover Financial (DFS) Report Sluggish Profit in 3Q – DFS, AXP, V, BAC, SPY, XLF, SDS, ITUB, AMTD

Discover Financial Services’ (NYSE:DFS) fiscal 3Q profit declined 3.4% as the credit-card firm witnessed its loan-loss provisions increase and it took a blow from hiked legal charges.

Shares moved up 3.6% to $38.54 on Thursday’s premarket trading as earnings topped …

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JPMorgan Chase (JPM) Plans to Hedge Risk Associated to Clearing and Settlement – JPM, BAC, C, SPY, XLF, QQQ, VXX, SDS, UVXY

JPMorgan Chase & Co. (NYSE:JPM), a major institute of providing clearing and settlement services to other financial institutes, intends to lower some services to users and sever associations with others as it intends to hedge risks concerned in the business, …

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Bank of America (NYSE:BAC) Lead Financials Higher; Plans More Job Cuts – JPM, C, XLF, IWM, FXI, VXX, TZA, SDS

Most financial stocks advanced in early trade on Tuesday, with Bank of America Corp (NYSE:BAC) leading the move.

Bank of America Corp., the second- biggest US lender, intends to trim in excess of 300 jobs from the corporate and investment …

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