This morning came a key analyst downgrade, in the brokerage firm sector itself. The analyst team at Goldman Sachs Group Inc. (NYSE: GS) downgraded shares of rival Morgan Stanley (NYSE: MS). The rating was…
Many investors feel that their brokers led them astray when the market collapsed. Brokers may not have suggested moving money to safe havens, or they may have suggested that clients double down as the…
Here comes another weekend, and here comes another round of questions about the fate of CIT Group, Inc. (NYSE: CIT). While there were reports that Warren Buffett via Berkshire Hathaway Inc. (NYSE: BRK-A) and…
Capital One Financial Corp. (NYSE: COF) and American Express Company (NYSE: AXP) are historically about as similar of companies as they come. Yet at the same time, they are about as different from each…
Moody’s Corporation (NYSE: MCO) just got a rather interesting insider selling shares, none other than Warren Buffett’s Berkshire Hathaway Inc. (NYSE: BRK-A). The listed entities were Berkshire itself, National Indemnity, OBH, and GEICO. The…
E*TRADE Financial Corporation (NASDAQ: ETFC) posted some fairly poor earnings considering the improvements seen elsewhere. The good news is that these earnings are actually better or less-bad than estimates. Its loss was -$0.22 EPS…
Wells Fargo & Company (NYSE: WFC) just posted a record quarter for earnings. The headline numbers are considerably better than estimates. This might make Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) happy as…
Morgan Stanley’s (MS) stock fell 5% the moment it released its earnings for the last quarter. The firm was lucky that the drop did not become a plunge. Morgan reported a loss from continuing…
The recovery has really begun to lift all ships when the hedge fund industry can claim that it has risen almost instantly from the death that it suffered in the final quarter of last…
Several research firms publish data on corporate reputations each year. It is not difficult to predict which companies are likely to be on the section of these lists where there has been a large…
Intel Corporation (NASDAQ: INTC) is not a company you think of needing cash. Yet, after the close, the chip and processor giant announced its intention to sell a $1.5 billion principal amount of junior…
The lessons of trading in Harman International Industries Inc. (NYSE: HAR) today come from a different form of news, but there is just no way to not draw a parallel to the great old…
New York State Attorny General Andrew Cuomo is suing Charles Schwab (SCHW) for fraud. The legal action alleges that the brokerage sold auction rate securities to clients with little effort to educate customers about…
CIT (CIT) was rescued on the steps of the bankruptcy court when some of its bondholders put together $3 billion in financing to keep it afloat. It is alarming that the Administration allowed it…
American International Group, Inc. (NYSE: AIG) has filed an automatic shelf registration statement with the SEC. While no dollar amount was set and no financial terms were listed, everyone knows that AIG needs cash…