brokerage firms
brokerage firms Articles
BGC Partners, Inc. (NASDAQ: BGCP) priced its public secondary offering of 820 million shares at $8.00 per share. According to the company, 10,000,000 of these are primary shares, 3,926,178 of which...
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Standard & Poor’s has come out with a report that is actually weighing down on the entire market even though it is sector specific. The ratings agency has cut ratings on several major brokers...
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Short sellers TD Ameritrade Holding Corp.(NASDAQ: AMTD), E*TRADE Financial Corp. (NASDAQ: ETFC), and Charles Schwab Corporation (NASDAQ: SCHW) look like a mixed bag on the surface, but the trends in...
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Against a back-drop of several Wall St. analysts saying the credit crisis will damage bank earnings into 2009, Lehman Bros. (LEH) will cut 5% of its work force, according to Reuters. The brokerage...
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In a call overseas earlier this morning, Lehman Brothers decided to cut its target prices on some select European investment banks. Here are three of the investment bankers that are traded in the...
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Ladenburg Thalmann Financial Services Inc. (AMEX: LTS) has announced the completion of the acquisition of Punk, Ziegel & Company, L.P as previously announced in March for an undisclosed amount,...
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Investools Inc. (NASDAQ: SWIM) is under serious fire this morning from traders. The company posted net income of $0.17 EPS, but First Call was at $0.21 EPS. This is on a record revenue with a...
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Jefferies Group, Inc. (NYSE: JEF) has posted some ugly earnings this morning and it has announced a financing package. Jefferies posted a net loss of $60.5 million, or -$0.43 EPS on a 52% drop in...
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BGC Partners (NASDAQ: BGCP), formerly eSpeed, has made a shelf filing with the SEC. It intends to offer up to $460 million additional Class A Common Stock. Interestingly enough, the he global...
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E*TRADE (NASDAQ: ETFC) has posted earnings of -$0.20 EPS on a net loss of $91.2 million, and its net revenues were nearly $316 million and estimates from First Call were -$0.10 EPS on $363.94 million...
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TD AMERITRADE (NASDAQ: AMTD) came in with a solid report of $0.31 EPS on $623 million revenues. First Call had estimates $0.31 EPS on $615.66 million in revenues. It also reaffirmed guidance for...
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On Thursday, we’ll get to see earnings out of TD AMERITRADE Holding Corporation (NASDAQ: AMTD) and E*TRADE Financial Corporation (NASDAQ: ETFC). In fact, that will already mark the actual end of...
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In a sign that write-offs are still coming from unexpected quarters, Lehman (NYSE: LEH) has disclosed that it will liquidate three funds which have found themselves in deep trouble. According to...
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Nothing ever goes wrong at Goldman Sachs (NYSE: GS). Their uncanny ability to do well irratates thei competitors to the point of distraction. Due to the company’s performance its shares have done...
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The Fed does not want to see all the money it has give to brokerages in exchange for lousy paper to go down the toilet so it has stationed its own personnel in the firms to keep and eye on things....
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