4 Financial Stock Stories Getting Traction On Thursday

Barclays (NYSE:BCS): Current price $17.46

This week, Barclays has ceased banking with a number of money service companies, among which include the Somali company Dahabshiil that has ties to terrorism, as the bank wants to limit risks linked with most robust financial crime regulations. Its decision arrives after HSBC’s record $1.9-billion money  laundering charge in December by United States authorities for violating various Western laws that were created to prohibit the act of funneling money to serious criminals such as terrorists and drug lords. Barclays has reviewed all of its customers, and has severed ties with several in that region whose financial crime protocols did not come up to  certain standards.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

BCS

Morgan Stanley (NYSE:MS): Current price $25.05

Morgan Stanley has divested $10.7 million worth of one-year securities connected to Lululemon Athletica, which is  the largest such offering in at least three and a half years. The securities were issued June 21st, and yield up to 12 percent, providing that the stock does not end up under 70 percent of its starting value, with all principal at risk, said a prospectus filed with the Securities and Exchange Commission. The bank has distributed the securities for a 1.5-percent commission.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

MS

U.S. Bancorp (NYSE:USB): Current price $35.99

U.S. Bancorp and its partner firm Dealers’ Financial Services will reimburse service members who took advantage of an auto lending program by around $6.5 million, through the terms of a resolution announced Thursday with the Consumer Financial Protection Bureau. The Bureau’s Director Richard Cordray said that the program “failed to properly disclose costs associated with repaying auto loans” made to the service members. The case is built around a lending program at U.S. Bancorp called Military Installment Loans and Educational Services, or Miles, which enables young service members with minimal credit history to finance an auto purchase, with repayment debited from paychecks via the military’s allotment system, which deducts money prior to the rest being deposited in a bank. U.S. Bancorp will reimburse customers with $3.2 million, while its partner Dealers’ Financial Services will shell out $3.3 million.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

USB

Home Loan Servicing Solutions (NASDAQ:HLSS): Current price $23.85

The company has announced the closing of its previously reported underwritten public offering of ordinary shares. HLSS sold an aggregate amount of 14,161,475 newly-issued ordinary shares, including 1,161,475 ordinary shares sold as a result of the partial exercise of the underwriters’ option to buy additional ordinary shares on June 25th, at $23 per share. Home Loan Servicing received net proceeds of about $316 million from the offering after deducting underwriting discounts and commissions, and estimated offering expenses. The firm will use the net proceeds to purchase mortgage servicing assets from Ocwen Loan Servicing and to pay fees, costs, and expenses linked with the acquisition of those assets.

Are these stocks a buy or sell? Let us help you decide. Check out our Stock Picker Newsletter now.

HLSS

Don’t Miss: Economic Fears Continue, But Employment Figures Stand Strong.