Zecco Slaps Wells Fargo
In a strongly worded press release, free trading company Zecco went after the new Well Fargo 100 free trade program. Zecco Disputes Wells Fargo’s Claim to be Best Commission-Free Online Trading Wells Fargo Restricts…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
Newest first · Page 327Life Gets Harder For Schwab And TDAmeritrade
Well Fargo (WFS) is going to offer its brokerage customers up to 100 free trades, if they keep at least $25,000 in their accounts. Bank of America (BAC) made a similar offer several months…
Nasdaq’s Problem Is Its Share Price
Forget Nasdaq’s (NADQ) failed bid for the London Stock Exchange. Wall St. doesn’t like the stock. Over the last year, shares in the exchange operator are off about 10%. Shares in NYSE (NYX) are…
S&P Equity Research Raised American Express to Buy
Standard & Poor’s Equity Research raised its rating on American Express (AXP) today to a Buy and $65.00 target. Normally this wouldn’t matter except that S&P tends to be deemed more objective than others…
Could Charles Prince Leave As Citi CEO This Week?
Word from TheStreet.com is that the largest shareholder of Citigroup, Prince Alwaleed bin Talal, and perhaps some Citi board members are trying to get former B of A CFO Al de Molina to take…
Is Fortress REALLY the Only Public Hedge Fund or Alternative Investment Vehicle?
Stock Tickers: FIG, SHLD, AINV, ALD, ACAS, EQS, GS, C, MS So you thought that Fortress (FIG-NYSE) was really the only hedge fund to be public. It may be the first out of the…
IPO Filing: BGC Partners, Inc. (Cantor Fitzgerald)
BGC Partners, Inc. filed last night for an IPO of its shares to raise up to $460 million via share sales. This will trade under the proposed ticker BGCP, and so far only Cantor…
Zecco’s Ambitions Widen
Zecco, the online zero dollar trade commission firm, is planning to expand its businesses in the coming months. Within the next week or so, Zecco will launch an IRA product. This will be followed…
SLM: Sallie Mae Faces Political Risk
By William Trent, CFA of Stock Market Beat Large-cap Watch List member Sallie Mae, which has long benefited from government benevolence, fell 9% yesterday when investors realized that political favors can be both granted…
Prince One Step Closer To Leaving Citigroup
There is an update to why Citigroup’s (C-NYSE) Chuck Prince is one of the 10 CEO’s that need to go. CNBC’s Charlie Gasparino just noted that Prince Alwaleed bin Talal (Citigroup’s largest holder) has…
Will Cramer Stay So Bullish on NYSE After Earnings?
NYSE Group (NYX-NYSE) has shown what might be interpreted as a dud of an earnings report. The operating results were $0.45 EPS versus $0.46 consensus estimates; the highest estimate is $0.49. Revenues were $658.5…
Is NetBank More Valuable After a Citigroup/Egg Merger?
Stock tickers: NTBK, C NetBank Inc. (NTBK-NASDAQ) is a stock that referring to it as ‘in trouble’ would be an understatement. Its large online banking customer base would be attractive to a larger company,…
Merrill Lynch, the Banker (Acquiring First Republic Bank)
Stock Tickers: MER, FRC Merrill Lynch is continuing to add to its wealth management operations. This morning it announced an acquistion of First Republic Bank (FRC-NYSE) for $55.00 per share in cash, or roughly…
Would an Alliance Work for Bank of America and Countrywide?
Countrywide (CFC) may be in alliance talks with Bank of America (BAC), at least that is what the Financial Times has everyone scrambling about late on a Friday in earnings season. CNBC and other…
American Stock Exchange May Soon Be Public
Stock Tickers: NYX, NDAQ, NMX, ICE, CME The American Stock Exchange has been a laggard in the close nit exchange circles for longer than most could think of and it hasn’t been very well…