JPMorgan Chase & Co. (NYSE:JPM) has agreed to pay $500 million to end more than six years of class action litigation over Bear Stearns’ sale of $17.58 billion of mortgage securities that proved defective during the U.S. housing and financial crises. The all-cash settlement was made public late Monday, and requires approval by U.S. District Judge Laura Taylor Swain in Manhattan. On Tuesday shares of JPMorgan Chase & Co. (NYSE:JPM) closed at $56.72. Company’s sales growth for last 5 years was -4.90% and EPS growth for next 5 years is recorded as 7.13%.
The board of directors of Emerson Electric Co. (NYSE:EMR) declared the regular quarterly cash dividend of forty-seven cents ($0.47) per share of common stock payable March 10, 2015, to stockholders of record February 13, 2015. Emerson Electric Co. (NYSE:EMR) in last trading activity moved up 0.80% to close at $59.44. Company weekly performance is 3.73% while its quarterly performance stands at -6.53%. Emerson Electric Co. (NYSE:EMR) is -13.25% away from its 52 week high.
Hyatt Hotels Corp. (NYSE:H) announced that a Hyatt affiliate has sold the 499-room Hyatt Regency Indianapolis to a private equity joint venture for approximately $71 million. The joint venture members include Silverpeak Real Estate Partners, a privately held real estate investment advisory business, and executives of Davidson Hotels & Resorts. On last trading day Hyatt Hotels Corporation (NYSE:H) moved up 2.98% to close at $57.45. Its volatility for the week is 2.00% while volatility for the month is 2.06%. H’s sales growth for past 5 years was 1.70% and its EPS growth for past 5 years was 24.20%. Hyatt Hotels Corporation (NYSE:H) monthly performance is -3.54%.
Boulder Brands, Inc. (NASDAQ:BDBD) will host a live audio webcast on February 26th, at 9:30 a.m. ET to discuss 2014 fourth quarter results, which will be issued at approximately 8:30 a.m. ET the same day. Boulder Brands, Inc. (NASDAQ:BDBD) has 3.30% insider ownership while its institutional ownership stands at 97.30%. In last trading activity company’s stock closed at $10.99.
Equities researchers at Citigroup Inc. assumed coverage on shares of Darden Restaurants (NYSE:DRI) in a research report issued on Thursday. The firm set a “buy” rating and a $68.00 price target on the stock. Citigroup Inc.’s price objective indicates a potential upside of 11.22% from the stock’s previous close. On last trading day Darden Restaurants, Inc. (NYSE:DRI) moved up 1.23% to close at $60.76. Its volatility for the week is 2.54% while volatility for the month is 2.09%. DRI’s sales growth for past 5 years was -2.70% and its EPS growth for past 5 years was -12.20%. Darden Restaurants, Inc. (NYSE:DRI) monthly performance is 4.99%.