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Periodicals
SBA loan processing system crashes for some time, Bloomberg says » 16:49
04/06/20
04/06
16:49
04/06/20
16:49
BAC

Bank of America

$21.34 /

+1.31 (+6.54%)

, C

Citi

$41.15 /

+3.67 (+9.79%)

, JPM

JPMorgan

$89.09 /

+5.01 (+5.96%)

, USB

U.S. Bancorp

$34.31 /

+3.1 (+9.93%)

, WFC

Wells Fargo

$28.54 /

+2.31 (+8.81%)

, GS

Goldman Sachs

$158.02 /

+10.95 (+7.45%)

, MS

Morgan Stanley

$37.01 /

+3.165 (+9.35%)

The Small Business…

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Conference/Events
Piper Sandler financial services analysts to hold analyst/industry call » 16:08
04/06/20
04/06
16:08
04/06/20
16:08
AXP

American Express

$83.70 /

+10.15 (+13.80%)

, BAC

Bank of America

$21.43 /

+1.395 (+6.96%)

, ENV

Envestnet

$49.42 /

+2.39 (+5.08%)

, JPM

JPMorgan

$89.36 /

+5.28 (+6.28%)

, MA

MasterCard

$264.65 /

+27.61 (+11.65%)

, MSFT

Microsoft

$164.98 /

+11.06 (+7.19%)

, V

Visa

$169.20 /

+17.505 (+11.54%)

Financial Services…

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Hot Stocks
Yellen would be in favor of asking banks to suspend dividends » 10:48
04/06/20
04/06
10:48
04/06/20
10:48
BAC

Bank of America

$20.92 /

+0.885 (+4.42%)

, C

Citi

$40.25 /

+2.77 (+7.39%)

, JPM

JPMorgan

$88.73 /

+4.65 (+5.53%)

, USB

U.S. Bancorp

$33.56 /

+2.35 (+7.53%)

, WFC

Wells Fargo

$27.90 /

+1.67 (+6.37%)

, GS

Goldman Sachs

$155.27 /

+8.2 (+5.58%)

, MS

Morgan Stanley

$36.00 /

+2.155 (+6.37%)

Former Federal Reserve…

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Hot Stocks
Yellen says banking system 'much better capitalized' than in 2008 » 10:47
04/06/20
04/06
10:47
04/06/20
10:47
C

Citi

$40.32 /

+2.84 (+7.58%)

, BAC

Bank of America

$20.95 /

+0.92 (+4.59%)

, JPM

JPMorgan

$88.97 /

+4.89 (+5.82%)

, USB

U.S. Bancorp

$33.55 /

+2.34 (+7.50%)

, WFC

Wells Fargo

$27.92 /

+1.69 (+6.44%)

, GS

Goldman Sachs

$155.46 /

+8.39 (+5.70%)

, MS

Morgan Stanley

$36.05 /

+2.205 (+6.51%)

Former Federal Reserve…

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Hot Stocks
Luckin sinks after Goldman says lenders selling up to 76.35M shares » 10:01
04/06/20
04/06
10:01
04/06/20
10:01
LK

Luckin Coffee

$5.13 /

-0.23 (-4.29%)

, GS

Goldman Sachs

$156.79 /

+9.72 (+6.61%)

, CS

Credit Suisse

$8.21 /

+0.46 (+5.94%)

Following the occurrence…

Following the occurrence of a default by Haode Investment, a shareholder of Luckin Coffee (LK) under a $518M margin loan facility, a syndicate of lenders, as secured parties under the facility, has instructed Credit Suisse (CS) to exercise the lenders' rights with respect to the collateral securing the borrower's repayment obligations under the facility. A total of 515,355,752 Class B ordinary shares and 95,445,000 Class A ordinary shares of Luckin Coffee have been pledged to secure the facility, including shares additionally pledged by an entity controlled by the family trust of Jenny Zhiya Qian, the company's CEO. The borrower is controlled by the family trust of Charles Zhengyao Lu, the Chairman of the company's board. The facility is full recourse to Lu and his spouse. In connection with the exercise of their rights under the facility, the lenders have commenced the process of enforcement against the collateral in order to satisfy the borrower's obligations under the facility, Goldman Sachs said in a statement. This includes the conversion of Class B ordinary shares of the company into American Depositary Shares. The enforcement action equals up to 76.35M American Depositary Shares of Luckin Coffee. The stock in early trading is down 21%, or $1.11, to $4.27.

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Hot Stocks
Goldman selling up to 76.38M shares of Luckin Coffee under margin loan  09:54
04/06/20
04/06
09:54
04/06/20
09:54
LK

Luckin Coffee

$5.09 /

-0.27 (-5.04%)

, GS

Goldman Sachs

$156.19 /

+9.12 (+6.20%)

 
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Hot Stocks
JPMorgan's Dimon: Paid medical leave being provided to employees who are unwell  07:05
04/06/20
04/06
07:05
04/06/20
07:05
JPM

JPMorgan

$84.08 /

-1.57 (-1.83%)

 
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Hot Stocks
JPMorgan CEO: More than 180,000 employees working from home  07:04
04/06/20
04/06
07:04
04/06/20
07:04
JPM

JPMorgan

$84.08 /

-1.57 (-1.83%)

 
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Hot Stocks
JPMorgan's Dimon: About three-quarters of 5,000 branches remain open  07:04
04/06/20
04/06
07:04
04/06/20
07:04
JPM

JPMorgan

$84.08 /

-1.57 (-1.83%)

 
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Hot Stocks
JPMorgan CEO: Earnings will be down 'meaningfully' in 2020  07:03
04/06/20
04/06
07:03
04/06/20
07:03
JPM

JPMorgan

$84.08 /

-1.57 (-1.83%)

 
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