After Hours Summary: PRGS +6%, KLIC +3%, SHLM / WOR +2%, PIR -11% following earnings/guidance... nearly every financial name is higher following CCAR results/capital plan updatesAfter Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: PRGS +6.1% (also acquires Kinvay a privately-held company based in Boston and leader in Backend as a Service (BaaS) technology, for $49 mln in cash), KLIC +3.4%, SHLM +1.9%, WOR +1.8%
Companies trading higher in after hours in reaction to news: SPEX +15.2% (continued momentum), NXTD +11.4% (continued strength; also its Fit Pay will be providing payment capabilities for Token), MBUU +7.6% (to acquire Cobalt Boats for aggregate purchase price of $130 mln; expected to be accretive to Malibu's EPS; will host a conference call June 29 at 8:30 am ET), GEMP +5.9% (announces top-line data on the LDL-C primary endpoint from the completed open label Phase 2b COBALT-1 trial; Gemcabene achieves primary endpoint), SRPT +2.5% (appoints Douglas Ingram as president and CEO), VRX +1.9% (Salix announced FDA accepted the New Drug Application for NER1006 (PLENVU); expects FDA decision in first-quarter 2018), SPLS +1.5% (Staples confirms definitive agreement to be acquired by Sycamore Partners for $10.25 per share in cash, or ~$6.9 bln), LULU +1.4% (Director/co-Chair Glenn Murphy disclosed purchase of 100K shares worth more than $5.5 mln), NTNX +0.9% (extending this afternoon's move higher; confirms .NEXT Conference updates)
Financial names trading higher following CCAR results/capital plan update: FITB +3.1% (Fed approves capital plan to raise dividend to $0.16/share from $0.14/share and increase buyback), STI +2.6% (Fed has no objections to planned capital actions including 54% increase in the quarterly common stock dividend and authorization to repurchase $1.32 bln of outstanding common stock), DFS +2.6% (plans to increase quarterly dividend to $0.35 per share and to repurchase up to $2.23 bln of common stock), PNC +2.5% (plans approved to increase the quarterly cash dividend and share repurchase programs of up to $2.7 bln), RF +2.5% (proposed capital actions include increasing dividend, $1.47 bln stock repurchase program), C +2.4% (increases dividend to $0.32 per share from $0.16; $15.6 bln share repurchase totaling $18.6 bln in returns), BK +2.2% (ticking higher; Board approved the repurchase of up to $2.6 bln of common stock and plans to increase dividend 26%), HBAN +2% (proposed capital actions include a 38% increase of the quarterly dividend and the repurchase of up to $308 mln of common stock), CFG +1.9% (ticking higher; receives positive CCAR result, with continued increasing return of capital to shareholders highlighted by a nearly 30% increase in our dividend next quarter and sizable share repurchases), DB +1.8%, JPM +1.7% (to increase dividend to $0.56/share from $0.50/share and authorizes $19.4 bln share repurchase), WFC +1.6% (expects to increase the third quarter 2017 common stock dividend to $0.39 per share from $0.38 per share), BAC +1.5% (Bank of America confirms Federal Reserve did not object to Bank of America's capital plan to increase quarterly common stock dividend by 60 percent to $0.12 per share beginning in Q3 and authorized the repurchase of $12 bln in common stock), ZION +1.5% (increasing the common dividend to $0.24 per share and up to $465 mln of common stock redemption), MS +1.5% (announces $5 bln buyback and increases dividend), KEY +1.2% (announces CCAR capital plan which includes two common stock dividend increases and new share repurchase authorization), AXP +1.2% (Federal Reserve did not object to its adjusted capital plan to increase quarterly dividend by 9% and buy back up to $4.4 bln of common shares through Q2 2018), GS +1.2%, CMA +1% (light volume; capital plan includes equity repurchases of up to $605 mln), USB +1% (announces $2.6 bln stock buyback and plans to increases dividend)After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: PIR -10.8%
Companies trading lower in after hours in reaction to news: INPX -18.8% (launches underwritten public offering), BLCM -6.5% (files for $150 mln mixed securities shelf offering; files for 5,032,313 share common stock offering by the selling stockholders), AKBA -5.2% (proposes public offering of common stock), DOC -4.2% (commences public offering of 20 mln common shares of beneficial interest; increases Acquisition guidance to $1.2-1.4 bln from $0.8-1.0 bln; Announces acquisition of 18 medical office facilities for $735 mln), HTGM -3.3% (launched its new HTG EdgeSeq PATH Assay for sale in the U.S. and Europe), CRZO -2.6% (to acquire Delaware Basin properties for $648 mln in cash; expects second quarter production to exceed the high-end of its previously-provided guidance range; also commenced public offering of 15.6 mln shares of its common stock and announces offering of $250 mln of Senior Notes Due 2025), WHLR -2.3% (thinly traded; closes sale of an outparcel located at Rivergate Shopping Center and Carolina Place; reports May AFFO of $0.15/share)
Financial names trading lower following CCAR results/capital plan update: COF -1.3% (expects to maintain quarterly dividend of $0.40 per share; authorized the repurchase of up to $1.85 bln of shares)