Bank of America Corporation (NYSE: BAC) just started out its annual shareholder meeting with a traditional introduction from CEO Ken Lewis. It is no shock that he is under fire today, and…
Being in the mutual fund and institutional money management business is almost as bad as being in commercial banking. Several companies in the industry have lost half of their assets between redemptions…
The Fed will step into the market next year and buy mortgage-backed securities with a vengeance. It has finally dawned on the agency that cutting rates and providing banks with low-cost emergency…
These are some of the top pre-market analyst upgrades and downgrades we are seeing this Tuesday morning: AutoDesk (ADSK) Started as Buy at KeyBanc. Covanta (CVA) Started as Buy at Jefferies. Smithfield…
According to CNBC, Merrill Lynch (MER) will sell its share in Bloomberg to trust holding Bloomberg ownership for $4.5 billion. The same reports says that Merrill will not sell its piece of…
Douglas A. McIntyre According to Reuters, the Fed is seen as holding rates on fears of inflation. Reuters writes that the CEO of Nissan is bracing for the worst in the US. Reuters writes that…
These are ten of the analyst calls we are keying in on this Friday morning: Apple (NASDAQ: AAPL) added to CONVICTION BUY LIST at Goldman Sachs; stock up 2% pre-market. ArcelorMittal (NYSE:…
According to Reuters, the head of strategy at Microsoft (MSFT) says it deal to acquire Yahoo! (YHOO) is over. Reuters writes that Toyota (TM) posted a 28% drop in profit due to…
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…
Below are the top 10 pre-market analyst calls that 247wallst.com is focusing on: Abercrombie & Fitch (NYSE: ANF) cut to Neutral at JP Morgan. BlackRock (NYSE: BLK) Cut to Market Perform from…
These are not all of the calls we are seeing this morning, but these are the top calls that we are focusing on this Thursday morning in pre-market activity: Aruba Networks (NASDAQ:…
"There are no second acts in American lives"–F. Scott Fitzgerald Several former Countrywide (NYSE: CFC) executives are starting a new company, with the support of financial company Blackrock (NYSE: BLK) to buy…
Douglas A. McIntyre According to The New York Times, JP Morgan (JPM) is in talks to raise it bid for Bear Stearns (BSC) from $2 to $10. Reuters writes that analysts now see a steep…
BlackRock Inc. (NYSE: BLK) is one of the more well thought of asset managers out there. It typically doesn’t have to respond to market rumors, but there were rumors abound that BlackRock…
Douglas A. McIntyre Goldman Sachs has lowered estimates on many financial services players this morning: AllianceBernstein (AB) (buy); AMBAC Financial (ABK) (neutral); Blackrock (BLK) (buy); Calamos Asset Mgmt. (CLMS) (neutral); CME Group (CME) (buy); Franklin…
