brokerage firms

Meredith Whitney Cautions on Utility Banks

Bloomberg TV hosted the outspoken and well-known bank analyst Meredith Whitney early Tuesday morning about the banking sector and the future trends that have to be addressed in banking and brokerage ...
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Weekend Reflection on Sandy Weill: Saint or Prostitute?

There is a saying that goes like this: "For every saint there is a past, and for every sinner there is a future." What happens when a big sinner looks ...
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Nasdaq Earnings Manage to Overcome Weak Trading Volumes

Nasdaq OMX Group Inc. (NASDAQ: NDAQ) has just reported a gain in its quarterly earnings due to its growth of the market data operations. Earnings were $0.53 per share, but ...
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Bank of America Joins Major Banks Beating Estimates

Bank of America Corporation (NYSE: BAC) has joined the money-center banks in beating earnings expectations. Excluding items, Bank of America earnings came to $0.19 per share and revenue was $21.97 ...
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Wall Street Brokers Give Very Mixed Earnings Reports with Weak Trading Bias (GS, AMTD, SCHW)

If you were just looking at Goldman Sachs Group Inc. (NYSE: GS) you might think that all was well on Wall St. after the bulge-bracket firm beat its earnings estimates. ...
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Citi Earnings Report Acts as Secondary Bank Boost

So far, Citigroup, Inc. (NYSE: C) is getting a favorable reaction to its second-quarter earnings report. The international banking giant's earnings came in ahead of Wall St. consensus targets from ...
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New York Fed Releases Barclays-LIBOR Documents

The Federal Reserve Bank of New York today has just released documents related to the Barclays-LIBOR scandal with Barclays PLC (NYSE: BCS).  These documents were requested (request or demand?) by Chairman ...
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Wells Fargo Earnings Report Proves ‘Safest Bank in America’ Status

Wells Fargo & Co. (NYSE: WFC) has managed to beat earnings but it is obviously going to be in second place after J.P. Morgan Chase & Co. (NYSE: JPM). The ...
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The Worst Appears To Be Over At J.P. Morgan, Jamie Dimon’s Recovery

Jamie Dimon appears to have escaped the worst if you look through the earnings and trading losses at J.P. Morgan Chase & Co. (NYSE: JPM).  While the initial reaction shows ...
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Bank Earnings To Be Clouded By Huge Discounts To Book Value (JPM, WFC, BAC, C, GS)

This Friday is going to mark a key earnings day when we get earnings from J.P. Morgan Chase & Co. (NYSE: JPM) and Wells Fargo & Co. (NYSE: WFC).  These ...
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Fitch Maintains U.S. “AAA” Rating, With Negative Outlook

Fitch Ratings is maintaining a "AAA" rating for United States. The ratings affirmation pertains to the long-term foreign and local issuer default ratings and the U.S. Treasury security ratings.  Fitch ...
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Netherlands & Austria Hit By Credit Downgrades

More downgrades are hitting Europe today by the credit ratings agencies.  Today's downgrades are not in the PIIGS as we have become so accustomed to.  Instead of bashing Portugal, Ireland, ...
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Beyond QE3, Is the Fed Growing Worried About Deflation?

By now you have heard all of the fears of the inflation spectre.  After printing money, buying up hundreds and hundreds of billions of billions worth of securities, and bailing ...
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The Next Mergers & Buyouts For 2012

As of late last week we had many potentially imminent buyouts that could have hit the market.  When we were just finishing the report draft on Friday is when the ...
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Net Interest Margin To Hurt Regional Bank Earnings To 2013-2014

The low-rate environment is going to continue taking a toll on bank earnings.  Credit Suisse has a report this Thursday showing some ongoing caution in the regional banking sector.  The ...
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