The rule on Wall St. is that securities analysts don’t rate their own firms. Now that brokerage research departments are no longer slaves to investment banking, the independence of analysts is...
Discover Financial Services (DFS-NYSE) has been trading for one trading week now, albeit it is technically a 3 and a half day week.   Now that the distribution of these shares is complete...
Source: ThinkstockBiogen Idec Inc. (NASDAQ: BIIB) may be a half decade or so late on this move, but as the saying goes “better late than never.” The biotech and drug company is the leader in...
Money is short and times are hard, but the government is paid back and bank investors may find dividend checks in with their holiday cards. The Wall Street Journal broke news late in afternoon...
Research analysts often make timely calls, and sometimes they make rash calls.  If Dick Bove of Rochdale is accurate, then both the Goldman Sachs Group Inc. (NYSE: GS) and Morgan Stanley (NYSE: MS)...
MSCI Inc. (NYSE: MXB) has filed to sell up to 30,861,235 shares in a secondary offering.  Unfortunately, all of the shares are from selling holders.  Those selling holders are Morgan...
This is just becoming all too familiar in the financial stocks, and the bears are still in charge since we can’t hold a major up-day.  Merrill Lynch & Co. (NYSE: MER) is feeling the...
The waves of capital raising continues.  American Express Company (NYSE: AXP), JPMorgan Chase & Co. (NYSE: JPM), Morgan Stanley (NYSE: MS), and Bank of America Corporation (NYSE: BAC) are just the...
Verizon (VZ) Bad news on broadband set-top delays and price cutting for cellular service. Falls to $35.37 from 52-week high of $46.24. Idearc (IAR) New CEO appointed after weak earnings. Not much of...
As each day passes, a larger and larger portion of the analyst community turns on banks and brokerages like a pack of wild dogs. The majority report now seems to be that most large financial...
There was no clear direction in the change in NYSE short interest on the major bulge bracket brokerage firms.  If you look at the earnings this week, Goldman Sachs seems to have been the key...
This morning came a key analyst downgrade, in the brokerage firm sector itself.  The analyst team at Goldman Sachs Group Inc. (NYSE: GS) downgraded shares of rival Morgan Stanley (NYSE: MS).  The...
At UBS (NYSE: UBS) it all hit the fan today. Marcel Ospel, the bank’s chairman, is on the way out. The financial firm wrote-off another $19 billion. The company plans to raise $15 billion after...
New York State Attorney General Andrew Cuomo wants the job his father used to have. He wants to be governor of the Empire State. He wants to fight evil. He want to bring the unrepentant to justice....