E*TRADE Financial Corporation (NASDAQ: ETFC) has some good news this morning, although this could actually be bad news for those hoping for an immediate takeover. The company has been without an heir apparent in…
Bank of America Corporation (NYSE: BAC) is still well under 100 hours of announcing that Brian Moynihan would replace Ken Lewis as CEO of the largest US bank by domestic deposits. CNBC’s Maria Bartoromo…
Meredith Whitney must be staggering her bank coverage news out to get more exposure, or at least that is a cynical take on the matter. Yesterday, she hit Goldman Sachs Group Inc. (NYSE: GS)…
BATS Exchange has been an almost stealth success in the world of trading stocks. In about four years it now claims to have about 10% of the US equity trading market share and about…
Financial stocks were already looking mixed at best early this morning with the largest offering in capital markets history pricing last night for a trade today. But Meredith Whitney, of her own Meredith Whitney…
2009 has been far from an IPO-packed year compared to other years in this decade. Ditto for mergers and acquisitions. Many of the IPOs that price earlier in 2009 have done well while many…
These are Wednesday’s top ten analyst upgrades, downgrades, and initiations seen from Wall Street research calls: American Express Co. (NYSE: AXP) Started as Outperform at Wells Fargo. Best Buy Co. (NYSE: BBY) Cut to…
Caveat emptor. Abu Dhabi agreed to buy $7.5 billion in Citigroup (NYSE:C) shares at about eight times the current price. According to Bloomberg, that desert nation’s major fund “invested in November 2007, getting equity…
It wasn’t that long ago that we gave a list of stocks that Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A) needed to dump to help pay for its Burlington Northern Santa Fe (NYSE: BNI)…
Citigroup’s (NYSE:C) announcement that it will pay back its TARP funds was not enough news for the day from the banking sector. Bank of America (NYSE:BAC) will not hire Robert Kelly current CEO of…
Charles Schwab Corp.(NASDAQ: SCHW) is acting as a drag on the online brokerage firms today. Schwab warned that its fourth quarter results would come in weak due to lower trading volumes and due to…
To close out the year, SPACs are pumping out deals one after another. However, as of late, some blank checks have not fared as well, and the NASDAQ and OTC Bulletin Board could become…
Standard & Poor’s often makes S&P index changes for the S&P 500, the S&P Mid-Cap 400 and the S&P Small Cap 600 at the end of the year. This probably is not going to…
It seems that the long quest of the Chicago Board Options Exchange is going to end up in an IPO. The demutualization process has been an ongoing one and a filing from the company…
Ambac Financial Group, Inc. (NYSE: ABK) has made an SEC filing discussing this week’s press release about receipt of a notice from the New York Stock Exchange that it has fallen below the exchange’s…