brokerage firms
brokerage firms Articles
On CNBC’s MAD MONEY tonight, Jim Cramer came out and added the Merrill Lynch (NYSE: MER) CEOJohn Thain to his "Wall of Shame" full of CEO’s that he wants to see go away. He noted that the...
Published:
Last Updated:
In an ironic bit of sloganeering, the current Merrill Lynch (MER) corporate promotion is "Even In Today’s Economy, There Are Smart Places For Your Money." It may not be lost on the shareholders of...
Published:
Last Updated:
If you reviewed our technical break-down call in Merrill Lynch (NYSE: MER) today at Volume Spike you might not be surprised about tonight’s news. The brokerage and investment banking firm is...
Published:
Last Updated:
First, Lehman (LEH) was being closed or sold. Then it was under attack from short sellers.Then it was being taken private. The latest rumor, floated by CNBC, is that LEH will sell off money...
Published:
Last Updated:
E*Trade (ETFC) had a bad quarter, in large part due to provisions for loan losses of $319 million. The company posted a net loss for the quarter of $119 million against a profit of $158 million in...
Published:
Last Updated:
E*TRADE Financial Corp. (NASDAQ: ETFC) posted its loss after the close. The company posted a -$0.19 non-GAAP EPS loss while First Call had estimates at -$0.14 EPS. The company set aside some...
Published:
Last Updated:
Credit Suisse Group (NYSE: CS) has announced that Erin Callan will be joining the bank as a Managing Director and Head of its Global Hedge Fund Business in a newly created position based in New York....
Published:
The financial services sector has gone from horrible to somewhat stabilizing and back to horrible and then looking even worse. When you think of an old mantra that "Failure isn’t an option" that...
Published:
Oppenheimer says that Merrill Lynch (MER) lost $5.8 billion in the second quarter. The analysis also says Merrill will cut is dividend. According to MarketWatch, Oppenheimer analyst Meredith Whitney...
Published:
Liquidnet Holdings Inc. has filed for an initial public offering to sell up to $500 million as the nominal securities amount. This is going to be a somewhat more complicated IPO as the structure...
Published:
The last round of earnings for Wall St. firms showed that the financial industry was in bad shape and getting worse. That has been followed by news that the brokerage executives who said in May that...
Published:
Dick Fuld, CEO of Lehman (LEH), may lose his jobs soon. Someone has to step in if the brokerage’s stock keeps falling. The company board knows that. Lehman’s COO and CFO has already been pushed...
Published:
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. (NYSE:...
Published:
If you thought things couldn’t get weirder in the brokerage firm stocks, guess again. Lehman Brothers Holdings Inc (NYSE: LEH) has essentially fired its CFO Erin Callan and its COO Joseph...
Published:
Lehman (LEH) appears to have raised $6 billion from places like The New Jersey Division of Investment and Hank Greenberg’s C.V. Starr fund. It is a nice chunk of change, but it is very bad news...
Published: