On March 5, Peabody Energy (NYSE: BTU) announced the pricing of its offering of 10.000% senior secured second lien notes due 2022 at an issue price of 97.566% of principal amount. Peabody intends to use the net proceeds from the sale of the notes to fund the previously announced tender offer to purchase for cash any and all of the $650 million aggregate principal amount outstanding of its 7 3/8% Senior Notes due 2016 (the “2016 notes”), to fund the redemption or satisfaction and discharge of all 2016 notes that are not tendered in the tender offer and for general corporate purposes, which may include the payment of its federal coal lease expenditures. Peabody Energy Corp. (NYSE:BTU) in last trading activity moved up 1.66% to close at $6.12. Company weekly performance is -9.47% while its quarterly performance stands at -25.73%. Peabody Energy Corp. (NYSE:BTU) is -68.24% away from its 52 week high.
Credit card company Discover Financial Services (NYSE:DFS) on Wednesday said it plans to increase its next quarterly dividend by four cents to $0.28 per share, and buyback shares of up to $2.2 billion during the five quarters ending June 2016. The announcement follows the Federal Reserve System not objecting to the company’s capital plans through June 2016. On Wednesday shares of Discover Financial Services (NYSE:DFS) closed at $57.85. Company’s sales growth for last 5 years was 4.30% and EPS growth for next 5 years is recorded as 8.85%.
Morgan Stanley (NYSE:MS) withdrew a proposal to repurchase $4.9 billion worth of trust preferred securities in order to get approval from the U.S. Federal Reserve for its capital plan, a person familiar with the matter said. Morgan Stanley (NYSE:MS) in last trading activity increased 0.20% to close at $34.95. Company weekly performance is -0.40% while its quarterly performance stands at -7.76%. Morgan Stanley (NYSE:MS) is -10.57% away from its 52 week high.
Bank of America Corporation (NYSE:BAC. can’t quite ace the “stress test.” In a blow to Chief Executive Brian Moynihan’s efforts to clean the slate and improve relations with regulators, the Federal Reserve told Bank of America on Wednesday that it would need to change its capital-planning process and submit a reworked plan in the fall. On last trading day Bank of America Corporation (NYSE:BAC) increased 2.03% to close at $16.11. Its volatility for the week is 2.19% while volatility for the month is 1.91%. BAC’s sales growth for past 5 years was -8.20% and its EPS growth for past 5 years was 26.50%. Bank of America Corporation (NYSE:BAC) monthly performance is -1.17%.
On Maech 02, Eurasian Minerals Inc. (NYSEMKT:EMXX) announce year-end exploration results from the Akarca gold-silver project. The work was conducted by Colakoglu Ticari Yatirim A.S. (“Colakoglu”), a privately owned Turkish company that signed an option agreement in June 2013 to acquire the Akarca property for a combination of cash payments, gold bullion, work commitments, and a retained royalty interest to EMX’s benefit. Colakoglu’s 2014 exploration programs expanded and further defined known zones of epithermal style gold and silver mineralization across the district-scale Akarca project, and also identified new targets for follow-up exploration. On last trading day Eurasian Minerals Inc. (NYSEMKT:EMXX) moved up 1.16% to close at $0.70. Its volatility for the week is 6.23% while volatility for the month is 4.16%. Eurasian Minerals Inc. (NYSEMKT:EMXX) monthly performance is -7.96%.