3 Financial Stock Stories for Midweek Investor Perusal

Toronto-Dominion Bank (NYSE:TD): Current price $78.68

On Tuesday, TD Bank Group said today that it expects TD Ameritrade’s second quarter earnings to break down into a contribution of roughly C$53 million to fiscal 2013 second-quarter net income for its Wealth and Insurance arm, which will be posted under International Financial Reporting Standards.TD Bank Group will make public its second-quarter financial results and will webcast its quarterly earnings conference call live on May 23. Details for the conference call and webcast details will be announced nearer that date.

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TD

JPMorgan Chase & Co. (NYSE:JPM): Current Price $46.81

A group of investors which include the American Federation of State, County and Municipal Employees, the Connecticut Retirement Plans and Trust Funds, Hermes Fund Managers, and the New York City Pension Funds, haveremarked in a letter to other JPMorgan shareholders this week, that the bank should divide the roles of chairman and chief executive officer, in order to restore credibility with regulators and manage the bank more effectively, reports Reuters. If passed, the proposal would be another blow to thefirm, and its Chairman and Chief Executive Jamie Dimon.

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JPM

MFA Financial (NYSE:MFA): Current price $8.90

On Tuesday, MFA announced that it priced a public offering of 7 million shares of its 7.50 percent Series B Cumulative Redeemable Preferred Stock, liquidation preference $25 per share, for gross proceeds of roughly $175 million. The offering should close on or about April 15. MFA has granted the underwriters an option for 30 days to buy up to an additional 1.05 million shares to cover any overallotments.The firm expects to use the net proceeds for general corporate purposes, including, without limitation, the redemption of all or a portion of its outstanding 8.50 percent Series A Cumulative Redeemable Preferred Stock, and to utilize any remaining net proceeds to purchase additional mortgage-backed securities, consistent with its investment policy.

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MFA

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