Citigroup, Inc. (NYSE: C) is so far a winner this morning after a “more than acceptable” earnings report.  The troubled bank and financial supermarket posted a net profit at $1.59 billion on...
Citigroup (C) and Morgan Stanley (MS) have agreed to combine Morgan Stanley’s Global Wealth Management Group and Citi’s Smith Barney, Quilter in the UK, and Smith Barney Australia into a new...
It is usually a wonder when you see bank and brokerage firms analyst upgrades or downgrades on competitors in the bank and brokerage sector… Are they really downgrading themselves?  That is the...
John Thain of Merrill Lynch (MER) and John Mack of Morgan Stanley (MS) looked like men in hostage video tapes with guns held to their heads as they were forced to forgo their 2008 bonuses. It made...
Whether or not the markets comply going into year-end is a completely different issue.  But these brokerage stocks look like they are trying to find a bottom as they throw out all that they...
Meredith Whitney must be staggering her bank coverage news out to get more exposure, or at least that is a cynical take on the matter. Yesterday, she hit Goldman Sachs Group Inc. (NYSE: GS) and...
Shares of major financial firms from Goldman Sachs (GS) to Morgan Stanley (MS) are up 25% to 35% in the pre-market.Washington Mutual’s (WM) stock is up more than 40% and AIG’s (AIG) soared more...
Markets in Asia were slightly higher. The Nikkei was up .2% to 12,225. Nomura rose more than 5%. Mitsubishi UFJ Financial Group was up over 4% after buying a stake in Morgan Stanley (MS).The Hang...
Bank of America Merrill Lynch (BofA-Merrill), the new name for the brokerage arm of Bank of America Corporation (NYSE: BAC),  has come out this morning with a cautious call on brokerage firms and...
It is spring on Wall St. With the warmer weather comes hope that the big financial crisis which seems to have engulfed everything in the world over the last three quarters is losing its steam now. In...
Inergy Midstream L.P. has indicated its IPO price range as being $19-$21/common unit and will offer 16 million units when the company goes public. It will trade on the NYSE under the symbol...
This coming week is going to be a rather important week for brokerage and investment banking firms.  We have three key firms in the sector reporting earnings: Lehman Brothers Holdings Inc....
This highly anticipated deal to fund Morgan Stanley (NYSE: MS) with $9 billion from Japan’s largest bank, Mitsubishi UFJ Financial Group, Inc. (NYSE: MTU), cannot come fast enough.  Both sides...
Washington Mutual (WM) Mortgage company in bad environment. Down to $19.72 from 52-week high of $46.38. Capital One Financial (COF) Big financial loss. Down to $50.05 from 52-week high of $83.84....