Banking, finance, and taxes

Downgrading Hedgies, Private Equity & Financials (BX, FIG, GLG, IVZ, JNS, OZM, STD, TROW)

Burning_money_picThere is an interesting trend where Barclays has essentially cut its rankings on hedge fund and private equity operators. Here are the calls, plus a call elsewhere on a bank:

  • Blackstone (NYSE: BX) Cut to Underweight at Barclays.
  • Fortress Investment (NYSE: FIG) Cut to Equal Weight at Barclays.
  • GLG Partners (NYSE: GLG) Cut to Equal Weight at    Barclays.
  • INVESCO (NYSE: IVZ) Started as Equal Weight at Barclays.
  • Janus Capital (NYSE: JNS) Started as Underweight at Barclays.
  • Och-Ziff Capital (NYSE: OZM) Cut to Equal Weight at Barclays.
  • Banco Santander, S.A. (NYSE: STD) Cut to Sell from Neutral at UBS.
  • T. Rowe Price (NASDAQ: TROW) Started as Equal Weight at Barclays.

Jon C. Ogg
January 14, 2009

Credit Card Companies Are Doing Something Nuts

Credit card companies are at war. The biggest issuers are handing out free rewards and benefits to win the best customers.

It’s possible to find cards paying unlimited 1.5%, 2%, and even more today. That’s free money for qualified borrowers, and the type of thing that would be crazy to pass up. Those rewards can add up to thousands of dollars every year in free money, and include other benefits as well.

We’ve assembled some of the best credit cards for users today.  Don’t miss these offers because they won’t be this good forever.

 

Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.

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