Regulators are forcing Doral Financial Corp. (NYSE:DRL) to revise its capital plan, a move that could force the Puerto Rico bank to sell assets. Doral, which had $8.5 billion in assets at the end of last year, on Friday said in a regulatory filing that the Federal Deposit Insurance Corp. determined that 43% of the assets the bank had been using to calculate its capital ratios no longer can be used for that purpose. Doral Financial Corp. (NYSE:DRL) shares after opening at $7.19 moved to $7.91 on last trade day and at the end of the day closed at $3.73. Company price to sales ratio in past twelve months was calculated as 0.07 and price to cash ratio as 0.03. Doral Financial Corp. (NYSE:DRL) showed a negative weekly performance of -61.15%.
Ally Financial Inc. (NYSE:ALLY) reported net income of $227 million , or $0.33 per diluted common share, for the first quarter of 2014 compared to net income of $104 million , or a loss of $0.78 per diluted common share. Ally Financial Inc. (NYSE:ALLY) shares advanced 0.17% in last trading session and ended the day on $24.05.
Departure of Executive Vice President and Managing Director On May 1, 2014 (the “Separation Date”), MCG Capital Corporation (NASDAQ:MCG) accepted the resignation of Ehssan Peter Malekian from his position as Executive Vice President and Managing Director, effective as of the Separation Date. MCG Capital Corp (NASDAQ:MCGC) shares moved up 1.23% in last trading session and was closed at $3.30, while trading in range of $3.25 – $3.33. MCG Capital Corp (NASDAQ:MCGC) year to date (YTD) performance is -22.54%.
NewStar Financial, Inc. (NASDAQ:NEWS) announced that it will report results for the first quarter of 2014 on Wednesday, May 7, 2014 before the markets open. NewStar Financial Inc. (NASDAQ:NEWS) weekly performance is -4.52%. On last trading day company shares ended up $10.99. NewStar Financial Inc. (NASDAQ:NEWS) distance from 50-day simple moving average (SMA50) is -20.65%. Analysts mean target price for the company is $15.33.
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