Diversified Investments
(MS) Morgan Stanley Beats on Earnings and Revenues
Morgan Stanley’s (MS) first-quarter 2013 adjusted earnings from continuing operations of 61 cents per share outpaced the Zacks Consensus Estimate by a nickel. However, this compared unfavorably with prior-year quarter earnings of...21Apr2013 | vitalstocks | Comments Off | Continued
(GS) Is Goldman Sachs Group’s Blankfein’s Huge Pay Hike Justified?
The Goldman Sachs Group, Inc. (GS) CEO Lloyd Blankfein received a massive pay raise of nearly 75% in 2012, as per a latest SEC filing by the bank. However, the hike in compensation, which will bring Blankfein’s salary to $21 million,...21Apr2013 | vitalstocks | Comments Off | Continued
(GS) Goldman Sachs Group Earns Favorable Ruling
Recently, The Goldman Sachs Group, Inc. (GS) won the dismissal of a lawsuit filed by Capmark Financial Group Inc. (CPMK), which alleged that the U.S. banking major...18Apr2013 | vitalstocks | Comments Off | Continued
(NDAQ) Nasdaq OMX Group Analyst Maintains Neutral on Shares
On Apr 9, 2013, we reiterated our Neutral recommendation on Nasdaq OMX Group Inc. (NDAQ) based on its diversified growth strategy and expense management, which is partially offset by higher debt concerns and market competition. Why...18Apr2013 | vitalstocks | Comments Off | Continued
(CME) CME Group Dips to Underperform
On Feb 27, we downgraded derivative exchange CME Group Inc. (CME) to Underperform based on its weak top-line growth over the last several quarters. Why the Downgrade? Estimates for CME Group have witnessed...4Mar2013 | Shawn | Comments Off | Continued
(GS) Japanese Banks Invest in Solar Business
According to a Bloomberg report, following the footsteps of the U.S. banking major The Goldman Sachs Group, Inc. (GS), some of Japan’s key banks are coming up with investments in the country’s domestic solar power industry. Among...26Feb2013 | Shawn | Comments Off | Continued
(MS) Morgan Stanley to Cut 1,600 Jobs
On Wednesday, Morgan Stanley (MS) became the latest Wall Street biggie to announce job cuts. Starting this week, it is planning to retrench 1,600 workers. However, the news does not come as a surprise since many other global banks have...16Jan2013 | Shawn | Comments Off | Continued
(NYX) NYSE Euronext – Bear of the Day
NYSE Euronext’s (NYX) third quarter earnings breezed past the Zacks Consensus Estimate but plunged year over year based on weak volumes and pricing across trading venues, which led to a reduced top line and lower operating margin. However,...8Jan2013 | Shawn | Comments Off | Continued
(NYX) NYSE Euronext-IntercontinentalExchange Merger Earns Concern from Standard and Poors Ratings Service
Immediately after the announcement of the $8.2 billion acquisition of NYSE Euronext Inc. (NYX) by IntercontinentalExchange Inc. (ICE) last week, Standard & Poor’s...1Jan2013 | Shawn | Comments Off | Continued
(NDAQ) NASDAQ OMX Group to Buy Thomson Reuters Business
Yesterday, NASDAQ OMX Group Inc. (NDAQ) announced its intention to purchase the corporate management arm of Thomson Reuters. The deal is valued at $390 million and is expected to culminate by the first half of 2013, subject to regulatory...16Dec2012 | Shawn | Comments Off | Continued
(GS) Goldman Sachs Group Shares Kept Neutral By Analyst
We reiterated our Neutral recommendation on The Goldman Sachs Group Inc. (GS), based on the detailed analysis of the company’s third-quarter 2012 results. Goldman’s earnings per share for the quarter under review were significantly...10Dec2012 | Shawn | Comments Off | Continued
(MS) Morgan Stanley in New Legal Tussle
Last week, German lender DZ Bank AG filed a lawsuit against Morgan Stanley (MS), for misrepresentation of documents while selling mortgage-backed securities (MBS). The complaint indicts Morgan Stanley of presenting modified documents...3Dec2012 | vitalstocks | Comments Off | Continued
(NYX) NYSE Euronext Incorporated – Bear of the Day
NYSE Euronext, Inc.’s (NYX) third quarter earnings breezed past the Zacks Consensus Estimate but plunged year over year based on weak volumes and pricing across trading venues, which led to a reduced top line and lower operating...22Nov2012 | vitalstocks | Comments Off | Continued
(GS) The Goldman Sachs Group Outperforms – Hikes Dividend
The Goldman Sachs Group Inc. (GS) reported its third-quarter 2012 earnings per share of $2.85, significantly surpassing the Zacks Consensus Estimate of $2.18. Moreover, the reported earnings outpaced the prior-year quarter’s loss...3Nov2012 | vitalstocks | Comments Off | Continued
(MS) Morgan Stanley Beats – Excluding Debt Valuation Adjustment
Morgan Stanley’s (MS) third quarter 2012 earnings from continuing operations came in at 28 cents per share, marginally surpassing the Zacks Consensus Estimate of 24 cents. This is also significantly ahead of the prior-year quarter...30Oct2012 | vitalstocks | Comments Off | Continued
(NDAQ) NASDAQ OMX Group Explores Taiwan
Expanding its presence in Taiwan, NASDAQ OMX Group Inc. (NDAQ) recently announced a Memorandum of Understanding (MoU) with Taipei’s Dalian Commodity Exchange (DCE). The MoU follows the establishment of the collaboration in order...29Oct2012 | vitalstocks | Comments Off | Continued
(CME) CME Group Wins New Clearing Rules Approval
Yesterday, CME Group Inc. (CME) announced the receipt of regulatory approval for reducing its portfolio margins within the clearing and cross-selling of interest rate futures and over-the-counter derivatives. This approval seeks to...28Oct2012 | vitalstocks | Comments Off | Continued
(NYX) NYSE Euronext Dips to Underperform
We downgraded our recommendation on NYSE Euronext Inc. (NYX) to Underperform from Neutral, based on the current sustainability factor amid weak trading volumes. The company’s second-quarter 2012 operating earnings per share of 51...9Oct2012 | vitalstocks | Comments Off | Continued
(CME) CME Group Launches Steel Swap Futures
With a view to help customers manage the price risk associated with the Chinese construction and rebar industries, CME Group Inc. (CME) has announced the launch of Chinese Steel Rebar HRB400 (Mysteel) Swap Futures. The trading of these...9Oct2012 | vitalstocks | Comments Off | Continued
(MS) Morgan Stanley’s Volcker Woes
According to Reuters, Morgan Stanley’s (MS) plans of raising global infrastructure fund may be severely hit by the proposed Volcker rule. The proposed rule –an element of the Dodd-Frank Act – limits the proprietary trading activities...9Oct2012 | vitalstocks | Comments Off | Continued
(CME) CME Group Unveils New Interest Rate Swap Futures
CME Group Inc. (CME) introduced a new genre of futures contracts that will be linked with deliverable interest rate swaps (IRS). These new IRS futures are scheduled to launch on November 13, 2012. Moreover, the new product will be...9Oct2012 | vitalstocks | Comments Off | Continued
(GS) Goldman Sachs Group Remains Neutral
We reiterated our Neutral recommendation on The Goldman Sachs Group Inc. (GS), based on the detailed analysis of the company’s second-quarter 2012 results. Goldman’s earnings per share for the quarter under review were significantly...8Oct2012 | vitalstocks | Comments Off | Continued
(NYX) NYSE Euronext Raises $850M from Note Sale
On Monday, NYSE Euronext Inc. (NYX) vended of senior notes worth $850 million that were underwritten through a public offering. This marks the company’s first dollar-denominated note sale after about four years. Accordingly,...4Oct2012 | vitalstocks | Comments Off | Continued
(NYX) NYSE Euronext Incorporated – Bear of the Day
We are downgrading our recommendation on NYSE Euronext, Inc. (NYX) to Underperform based on weak volumes and pricing across trading venues, which led to a reduced top line and lower operating margin. Its second quarter earnings beat...2Oct2012 | vitalstocks | Comments Off | Continued
(NYX) NYSE Euronext Upped to Neutral
We upgraded our recommendation on NYSE Euronext Inc. (NYX) to Neutral from Underperform based on the current sustainability factors. The company’s second-quarter 2012 operating earnings per share of 51 cents were a penny higher than...14Sep2012 | vitalstocks | Comments Off | Continued
(GS) The Goldman Sachs Group to Resume Private Equity in Brazil
The Goldman Sachs Group Inc. (GS) plans to re-initiate its private-equity (PE) investments in Brazil, Bloomberg reported on Monday. The firm’s plans are based on the expectation of about 35% return from Brazil’s private-equity market....5Sep2012 | vitalstocks | Comments Off | Continued
(NYX) Carbon-Neutral Status for NYSE
For the second time in a row, NYSE Euronext (NYX), has been honored with the carbon-neutral status. It is the only exchange operator to receive this status consecutively. The status was bestowed upon the company in view of its...30Aug2012 | vitalstocks | Comments Off | Continued
(NDAQ) Nasdaq OMX Group, Citigroup, UBS AG Nasdaq Facebook Proposal
Causing a major setback to Nasdaq OMX Group Inc. (NDAQ), Citigroup Inc. (C) and UBS AG (UBS) slammed...28Aug2012 | vitalstocks | Comments Off | Continued
(GS) Banks to Abide by Volcker Rule
In order to avert yet another financial crisis, the final version of the Volcker rule is expected to be released by U.S. regulators at the end of 2012, Reuters reported on Tuesday. This rule has been framed with the aim of reducing capital investments by banks in high-risk bets. Moreover, banks have...28Aug2012 | vitalstocks | Comments Off | Continued
(CME) CME Group to Strengthen Footprint in UK
Beginning this week, CME Group Inc. (CME) unveiled its point of action that it is in advanced level of applications with UK’s Financial Services Authority (FSA) to build a derivative exchange in London – CME Europe Ltd. However,...27Aug2012 | vitalstocks | Comments Off | Continued