brokerage firms
brokerage firms Articles
Lehman (LEH) will lay off about 6% of its work force according to The New York Times. That is about 1,500 people, but it is not nearly enough. Earlier in the day an analyst from Fox-Pitt Kelton said...
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Lehman Bros (LEH) will edge closer to the gallows today. The stock is likely to move under $10 this week. It now trades at $14, and some pessimists think its theoretical value is zero. Word leaked...
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Speculation has begun that the shares in Lehman (LEH) are so cheap that the brokerage might become the target of a hostile takeover. Not likely. Dick Bove of Ladenburg Thalmann has begun a "rumor"...
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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...
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In the current age of financial pessimism, Morgan Stanley (MS) does not want to be bested. In a show of unusual courage, its president is predicting that the world of Wall St. will get progressively...
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Lehman (LEH) has just begun to defile itself. After several quarters of losses and promises of better days, the press is reporting that the brokerage will have negative earnings for the most recent...
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These are some of the top analyst downgrades or negative calls we are seeing this morning, and you’ll notice that brokerage firm stocks are again the targets of many downgrades: Citigroup (C) Cut...
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Goldman Sachs Group Inc. (NYSE: GS) is feeling some pressure on analyst rating actions. Many traders and investors have thought that Goldman Sachs would remain immune from the entire credit crunch,...
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Morgan Stanley (MS) thought it could pull a "monkey see, monkey do" act with NY State Attorney General Andrew Cuomo. The investment house offered to buy back $4.5 billion in auction-rate securities...
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NY Attorney General Andrew Cuomo wants blood from the banks that marketed auction-rate securities but have not made settlements with him. In his mind, Wachovia (WB), Morgan Stanley (MS), and JP...
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The Fed has been testing investment banks to see what will become of their balance sheets and liquidity if the credit markets signal another hurricane watch. According to the FT, "Bankers with...
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Merrill Lynch (MER), pole-axed by the Citigroup (C) decision to buy back all of the auction-rate securities it has sold to individual investors, buckled and said it will purchase up to $12 billion of...
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Morgan Stanley (MS) has gone to some of its private clients and told them they cannot borrow more on their home equity lines of credit. The customers thought they had signed up for the deals so that...
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Lehman (LEH) may have to raise several billion dollars. With its market cap below $13 billion, that could be painful for current holders of its common shares. According to Reuters, "Lehman Brothers...
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In another move to save the finances of almost every man, woman, and child in the US, the Fed has accounced that it will extending a credit facility that it provides for primary dealers in one of...
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