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Posts related to ‘Financial Stocks’

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Investment Bank Duff & Phelps Goes Private

Posted: December 31, 2012 at 8:13 am

A group of private equity firms, including The Carlyle Group L.P. (NASDAQ: CG), announced yesterday that the consortium would acquire investment advising and banking firm Duff & Phelps Corp. (NYSE: ...
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After ICE-NYSE Merger, Will CME Try to Buy NASDAQ?

Posted: December 20, 2012 at 3:27 pm

The IntercontinentalExchange Inc. (NYSE: ICE) is about to get a serious makeover. With its $9.4 billion market value, the futures exchange is acquiring the NYSE Euronext Inc. (NYSE: NYX). This ...
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Discover Sinks After Falling Short of Earnings Estimates

Posted: December 20, 2012 at 9:49 am

Discover Financial Services (NYSE: DFS) reported fourth-quarter fiscal 2012 results before markets opened this morning. The financial services company posted diluted earnings per share (EPS) of $1.07 on revenues of ...
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Low Interest Rates Impacting Your Life Insurance Company

Posted: December 18, 2012 at 2:32 pm

If you have been watching the period of low interest rates, ergo a zero-rate policy, for very long there is a good chance that you have felt the squeeze on ...
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Facebook IPO Mess Costs Morgan Stanley $5 Million

Posted: December 17, 2012 at 4:35 pm

The commonwealth of Massachusetts has fined investment bank Morgan Stanley (NYSE: MS) $5 million for “improper influence” related to its dealing with research analysts prior to the March IPO of ...
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AIG to Sell Remaining Stake in Asian Insurer

Posted: December 17, 2012 at 8:00 am

American International Group Inc. (NYSE: AIG) will sell its stake in Asian life insurance company AIA Group Ltd. in a block sale that is expected to occur tomorrow. AIG turned ...
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Cancelled IPO “Human Error” — Nasdaq

Posted: December 5, 2012 at 2:19 pm

An IPO scheduled on Nasdaq today was accidentally killed when an employee of The NASDAQ QMX Group Inc. (NASDAQ: NDAQ) cancelled the IPO instead of re-scheduling it for later in ...
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Knight Capital: Let the Bidding Begin (KCD, JEF, AMTD, SF, BX)

Posted: November 28, 2012 at 12:23 pm

Ever since that day in August when Knight Capital Group Inc. (NYSE: KCG) got slammed with a $460 million loss due to a nasty trading program error, investors have been ...
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GM Acquires International Lending from Ally

Posted: November 23, 2012 at 9:56 am

Less than two weeks ago, a possible sale of Ally Financial Inc.’s international auto lending business to General Motors Co. (NYSE: GM) was just a rumor. Late Wednesday, when most ...
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Backup Power Fails, Cripples Knight Capital

Posted: October 31, 2012 at 2:45 pm

Market maker Knight Capital Group Inc. (NYSE: KCG) has shut down equities trading today after a backup power source failed at its offices in New Jersey. The failure is not ...
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Record Earnings at J.P. Morgan Fail to Excite Investors

Posted: October 12, 2012 at 8:31 am

J.P. Morgan Chase & Co. (NYSE: JPM) reported fiscal third-quarter results before markets opened this morning. The banking and finance giant posted record diluted earnings per share (EPS) of $1.40 ...
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More Management Changes at J.P. Morgan

Posted: October 11, 2012 at 7:42 am

One more of Jamie Dimon's key aides at J.P. Morgan Chase & Co. (NYSE: JPM) has been caught in the reorganization that began with a multibillion trading loss at the firm's London ...
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Discover Financial Beats on Both Top and Bottom Lines

Posted: September 27, 2012 at 9:03 am

Discover Financial Services (NYSE: DFS) reported fiscal third quarter earnings per share (EPS) of $1.21 on revenue of $1.96 billion. In the same period a year ago, the credit card ...
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Better Treatment, Longer Lives Could Dampen Viatical Win

Posted: September 26, 2012 at 1:50 pm

Life Partners Holdings Inc. (NASDAQ: LPHI) announced today that it had prevailed in a lawsuit brought by the Texas Attorney General claiming that the company’s life settlement (viatical) transactions were ...
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Jefferies Group Revenues Jump 45%

Posted: September 20, 2012 at 8:56 am

Shares of Jefferies Group Inc. (NYSE: JEF) are down in premarket trading this mornings solid earnings report. Jeffries reported third-quarter 2012 earnings per share (EPS) of $0.31 on revenue of ...
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