UK Bank Close Brothers Loses Third of Value Amid Market Probe [BNN Bloomberg (Canada)]
CLOSE BROS GRP UNSP/ADR (CBGPY)
NASDAQ:AMEX Investor Relations:
closebrothers.com/investor-relations
Company Research
Source: BNN Bloomberg
Financial Conduct Authority of two markets in which the 145-year-old British bank operates in. The stock fell as much as 5% on Friday, as RBC Capital downgraded its rating due to the regulator's separate reviews of both motor financing and insurance taken out on credit, known as premium finance. Close Brothers, which also owns City of London stockbroker Winterflood Securities Ltd, has seen £424 million ($537 million) erased from its market capitalization amid this year's 35% stock plunge, according to data compiled by Bloomberg. “Management are under pressure here,” said RBC analyst Benjamin Toms, warning that the saga is putting the group's interim dividend — due next month — in question. “They will have to weigh up keeping income investors happy against making sure that capital is robust enough to potentially take a large hit from motor finance,” added Toms. RBC cut Close Brothers to market perform — the equivalent of neutral — from outperform. Close Brothers declined to com
Show less
Read more
Impact Snapshot
Event Time:
CBGPY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CBGPY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CBGPY alerts
High impacting CLOSE BROS GRP UNSP/ADR news events
Weekly update
A roundup of the hottest topics
CBGPY
News
- Should You Diversify Your Portfolio By Industry Or Sector? [Seeking Alpha]Seeking Alpha
- UK’s Close Brothers launches £400mn capital plan ahead of FCA probe [Financial Times (FT.com) (UK)]Financial Times
- UK’s Close Brothers launches £400mn capital plan [Financial Times (FT.com) (UK)]Financial Times
- Lloyds takes £450m hit over car finance mis-selling claims [Yahoo! Finance]Yahoo! Finance
- PRESS DIGEST-British Business - Feb. 16 [Yahoo! Finance]Yahoo! Finance