IPO’s For Private Equity & More Hedge Funds Coming
More and more discussions of IPO’s for hedge funds and private equity firms are more forthcoming today. Blackstone, one of the largest private equity players in the US, may be coming public via an…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 325Cramer Talks Brokers
On today’s Wall Street Confidential video on TheStreet.com, Cramer unsurprisingly talked about the brokerage firm stocks now that all three reports in the group are out for the week. He also reviewed the huge…
BSC Historical Earnings
From Ticker Sense Bear Stearns (BSC) beat earnings estimates yet again. They did, however, only beat by 2 cents per share, which is the smallest spread since their 1-cent beat in September 2002. Below…
What Subprime Mess?
Sometimes it is quite amazing how fast the tide can turn. Just two days ago everyone was still looking for subprime mortgage and any lender or financial institution that had exposure to those with…
Intercontinental Exchange Confirms Rival CBOT Offer Over CME Offer
There is now confirmation from the Intercontinental Exchange (ICE-NYSE) that it is indeed making a rival Offer for the Chicago Board of Trade (BOT-NYSE). CNBC’s David Faber first reported that the Intercontinental Exchange (ICE-NYSE)…
ICE Tries to Break Up the CME/CBOT Merger (ICE, CME, BOT)
CNBC’s David Faber just announced a new twist to mergers among the exchanges. Faber is reporting that the Intercontinental Exchange (ICE-NYSE) is making a rival offer of 1.42 shares for the CBOT (BOT-NYSE), which…
Why Shouldn’t Wal-Mart Be Your Bank?
Wal-Mart is renegotiating leases with some of its in-store banks so that the giant retailer has the right to offer mortgages, home-equity lines of credit and consumer loans. Wal-Mart has been trying to get…
DSL: Did Market Anticipate Decline in Downey Financial Assets?
By William Trent, CFA of Stock Market Beat Small Cap Watch List and Mid Cap Watch List member Downey Financial (DSL) reported that its Assets Fell in February: Downey Financial Corp., the parent of…
Cramer Wants Prince Out at Citigroup, We Do Too (again)
On tonight’s MAD MONEY on CNBC, Jim Cramer is going to replace Bank of America (BAC) with CITIGROUP (C) as his favorite banking stock because of Chuck Prince. This is because he thinks it…
The Subprime Market: Smart Money Versus Stupid
Most money is running from the subprime market as fast as its can. Not so Goldman Sachs. The firm’s CFO indicated that the low-end home loan market may represent a huge investment opportunity as…
Subprime Fallout – So what’s next?
The subprime mortgage market is the business of lending to people with blemished credit or lack of adequate cash for down payments. Wall Street is concerned about the fall in the subprime mortgage market…
Goldman Sachs Marches Past Estimates
Goldman Sachs Group, Inc. (GS-NYSE) posted net revenues of $12.73 billion and net earnings of $3.20 billion for its first quarter ended February 23, 2007. Diluted earnings per common share were $6.67 compared with…
Earnings Preview: Goldman Sachs (GS)
Goldman Sachs (GS-NYSE) reports tomorrow morning on its earnings numbers for the quarter. Estimates are for 3.5% revenue growth to $10.7 billion and EPS of $4.90, which compares to $5.09/share in the same quarter…
Cramer on Brokerage Firm Stocks
Cramer on tonight’s MAD MONEY has some ways to play next week in brokerage firm analysts: Goldman Sachs (GS) reports before open on Tuesday. Lehman (LEH) before on Wedsnesday. Bear Stearns (BSC) before open…
ADP’s New Spin-Off, One to Watch
Automatic Data Processing, Inc. (ADP-NYSE) has approved today the proposed spin-off of its Brokerage Services Group business to ADP’s shareholders. The spin-off will result in a separate publicly traded company that will be called…