Prudential Financial, Inc. (NYSE:PRU) has declared an annual dividend for 2007 of $1.15 per share of Common Stock, which represents an increase of 21% percent over the 2006 dividend. But perhaps even more importantly,…
It would be fair to assume that a number of frightened customers are leaving E*Trade (ETFC) for other brokerage firms. but there is not much solid evidence of how fast that is taking place.…
Irony, they name is Wall St. Bank of America (BAC) shares are up 3.3% on news that the firm will take a write-down because it "has suffered a $3 billion loss stemming from its…
Goldman Sachs (GS) is trading up 6% on word from its CEO that the firm "does not expect to take any significant asset write-downs," according to Reuters. There have been rumors that Goldman might…
Zecco Holdings (zecco.com) announced this morning that it has secured an additional $25 million in new funding from a number of current and new investors, bringing the total capital raised by Zecco to up…
iStar Acquisition Corp. appears to be the latest special purpose acquisition company filing for an IPO. The company has registered to sell 57.5 million units at the traditional $10.00 per unit, with each unit…
Is it normal for a company to respond to a "negative credit watch" call from a ratings agency, only to see its stock fall another 31%? Enter ACA Capital Holdings, Inc. (NYSE:ACA)…. Last Friday…
Despite reports that Wendy’s International Inc. (NYSE:WEN) would-be acquisition process is being hampered by liquidity concerns in the credit markets, its stock is actually up about 2% today. Bids are due today and the…
Och-Ziff is one step closer to coming public, and this is set to trade under the ticker "OZM" on the New York Stock Exchange. The hedge fund family is indicated to sell 36 million…
E*Trade (ETFC) is off as much as 50% in early trading and has dropped below $4. The stock has a 52-week high of over $26. According to The Associated Press "Citi Investment Research analyst…
The NASDAQ Stock Market (NASDAQ:NDAQ) has secured a deal which will expand "The PORTAL" to include a trading standardization for trading private placements under rule 144a. The founding members of The PORTAL Alliance are…
The board at Citigroup (C) is telling CEO candidates that they want with the bank, short of burining it to the ground. A new chief can sell off units, almost at will, or break…
Countrywide (CFC) has filed with the SEC that if its credit ratings are cut any further, its ability to raise money could be damaged. With the possibility of more write-downs of mortgage-based securities, it…
Citigroup (C), JP Morgan (JPM), and Bank of America (BAC) are closer to setting up their "super fund" to supply short-term loans to structured investment vehicles, pools of money which are made up primarily…
E*Trade (ETFC) are off 12% after hours to $7.55, below their 52-week low. The brokerage reported that it has observed continued declines in the fair value of its $3.0 billion asset-backed securities portfolio, predominantly…