BGC Partners Unloading Stock (BGCP)
BGC Partners (NASDAQ: BGCP), formerly eSpeed, has made a shelf filing with the SEC. It intends to offer up to $460 million additional Class A Common Stock. Interestingly enough, the he global inter-dealer broker…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 286Activists Come Knocking Harder At Wendy’s Doors (WEN, TRY)
An SEC Filing this morning shows activists are going to go after Wendy’s International Inc. (NYSE: WEN) with a little more publicity than mere private letters. Trian Fund Management, L.P., Triarc Companies, Inc. (NYSE:…
Citigroup (C) Holds The Line, Pandit Carries The Ball
Of all the financial firms which are to report earnings this season, Citigroup (NYSE: C) may have been the most important. The rumors about the bank have been crazy. Projections about losses have been…
E*TRADE Earnings Disappoint, But Survival No Longer Under Question (ETFC)
E*TRADE (NASDAQ: ETFC) has posted earnings of -$0.20 EPS on a net loss of $91.2 million, and its net revenues were nearly $316 million and estimates from First Call were -$0.10 EPS on $363.94…
Nasdaq Delisting Candidates, To The Pink Sheets
The list of possible delisting candidates is too long to publish here. These companies are called "non-compliant" usually for late SEC filings or stock prices which trade below the exchange minimum share price. Most…
NYSE Delisting Candidates, Headed To The Pink Sheets?
With the sudden delisting of the Journal Register, it is interesting to look at who else is on the NYSE list of companies who could get delisted. The NYSE is generally very good about…
TD AMERITRADE & SCHWAB Satisfy, Awaiting E*TRADE (AMTD, SCHW, ETFC)
TD AMERITRADE (NASDAQ: AMTD) came in with a solid report of $0.31 EPS on $623 million revenues. First Call had estimates $0.31 EPS on $615.66 million in revenues. It also reaffirmed guidance for FY2008…
Hedge Funds Move To Cash, Undermine Potential Returns
Hedge funds, nervous about the fading magic of the markets, are moving into cash, the perfect investment for retiring school teachers. The reasons that fund managers give, according to The Wall Street Journal, is…
JP Morgan (JPM) To Raise $6 Billion, Go Shopping
For reasons that will escape even the most rigorous analysis, JP Morgan (NYSE: JPM) has elected to raise $6 billion through the sales of preferred shares. In the last quarter, the big bank had…
TD AMERITRADE & E*TRADE, Brace For Earnings (ETFC, AMTD, SCHW)
On Thursday, we’ll get to see earnings out of TD AMERITRADE Holding Corporation (NASDAQ: AMTD) and E*TRADE Financial Corporation (NASDAQ: ETFC). In fact, that will already mark the actual end of the discount brokerage…
Wilbur Ross & Sovereign Wealth, Heading For Banks
It was almost amazing that private equity funds never did go acquire many banks, despite the lending woes that came to pass. For some time there was value there before the logic and rationale…
Financial Earnings Winners & Losers (BLK, JPM, NITE, MER, WFC)
BlackRock, Inc. (NYSE: BLK) posted a 25% gain in earnings, but reported $1.90 EPS versus $2.00 estimates; Assets under management are now $1.364 Trillion. Shares are trading down by 2% pre-market. JPMorgan Chase (NYSE:…
Merrill Lynch (MER) Write-Offs: The Economic Crisis Is No Longer Behind Us
Mack of Morgan Stanley (NYSE: MS) and Fuld of Lehman (NYSE: LEH) have both expressed the opinion that the worst of the Wall St. earnings crisis may now be in the past. The head…
CV Therapeutics Soars on TPG-Axon Financing (CVTX)
CV Therapeutics, Inc. (NASDAQ: CVTX) has secured a deal with TPG-Axon Capital, where it will receive up to $185 million in exchange for the rights to 50% of CV Therapeutics’ royalty on North American…
Citigroup Says Auction-Rate Market Dead As A Doornail
The auction-rate market, created in 1985, has fundamentally shut down since February sticking individual investors and corporations with the "near cash" securities. Texas Instruments (NYSE: TXN), Palm (NASDAQ: PALM), and a number of other…