Investment Brokerage - National
(IBKR) Interactive Brokers Group Misses Expectations Again
Interactive Brokers Group, Inc.’s (IBKR) fourth-quarter earnings of 6 cents per share were substantially short of the Zacks Consensus Estimate of 25 cents. Earnings were also down 87.8% from 49 cents in the prior-year quarter. As a result of constrained liquidity and other...
2Feb2010 | vitalstocks | 0 comments | Continued(ETFC) E*TRADE Financial Corporation Reports Earnings In Line – Trims Loss
E*TRADE Financial Corporation’s (ETFC) fourth-quarter loss of 4 cents per share was in line with the Zacks Consensus Estimate. The loss for the reported quarter significantly narrowed from the loss of 67 cents in the prior quarter and 50 cents in the prior-year quarter. E*TRADE...
29Jan2010 | vitalstocks | 0 comments | Continued(SCHW) Charles Schwab Corporation Misses Expectations by a Penny
Charles Schwab Corporation’s (SCHW) fourth quarter fiscal 2009 earnings of 14 cents per share were a penny short of the Zacks Consensus Estimate. However, this compares unfavorably with earnings of 27 cents in the year-ago quarter. The earnings for the quarter were also consistent...
20Jan2010 | vitalstocks | 0 comments | Continued(SCHW) The Charles Schwab to Slash Trading Fees
In an effort to grab more investments from customers, The Charles Schwab Corp. (SCHW) said on Thursday that it will cut trading fees 31% to a flat $8.95 for its smaller clients starting Jan 19, 2010. The new fees will be applicable to Schwab’s investors with accounts of less...
8Jan2010 | vitalstocks | 0 comments | Continued(SCHW) Charles Schwab Corporation Provides Weak Outlook
Charles Schwab Corporation (SCHW) said on Monday that it expects fourth-quarter earnings to be between 2 cents and 4 cents lower than its third-quarter earnings of 17 cents per share. The decrease in earnings will result from pressure on revenue due to lower interest rates and...
15Dec2009 | vitalstocks | 0 comments | Continued(ETFC) E*Trade Financial: Why This Company’s Takeover Prospects Keep Improving
by Louis Basenese, Small Cap and Special Situations Expert Thursday, October 29, 2009: Issue #1126 Just over a month ago, I pegged E*Trade Financial (Nasdaq: ETFC) as a takeover target. However, after reviewing the company’s most recent results, you might consider my prediction...
29Oct2009 | InvestmentU | 0 comments | Continued(IBKR) Interactive Brokers Group Falls Short
Interactive Brokers Group, Inc.’s (IBKR) third-quarter earnings of 20 cents per share was substantially short of the Zacks Consensus Estimate of 32 cents. Earnings was also down 69.2% from 65 cents per share in the prior-year quarter. As the result of constrained liquidity...
27Oct2009 | vitalstocks | 0 comments | Continued(SCHW) Charles Schwab Misses Forecasts by a Penny
Charles Schwab Corporation’s (SCHW) third quarter earnings of 17 cents per share were only a penny short of the Zacks Consensus Estimate. However, this compares unfavorably with earnings of 26 cents per share in the year-ago quarter. The year-over-year decrease in earnings...
16Oct2009 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group to Invest in Chinese Carmaker
An investment arm of Goldman Sachs Group Inc. (GS) is poised to invest about $250 million in Geely Automotive – China’s largest privately-owned carmaker – by purchasing the company’s convertible bonds and warrants. Geely Automotive is the Hong Kong-listed...
23Sep2009 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs – Bull of the Day
We are initiating coverage on Goldman Sachs (GS) with an Outperform recommendation. The company reported strong second-quarter results, significantly ahead of the Zacks Consensus Estimate, led by strong topline growth in all its key businesses. Goldman’s well-diversified...
22Sep2009 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group Inc. – Consensus Estimates Spike Upward
Goldman Sachs Group Inc. (GS) is hitting new 52-week highs but its stock remains cheap as earnings estimates rise. The company is trading at just 10.9x estimates. As trading revenues have soared, analysts expect year over year earnings growth of 261.78%. Company Description Goldman...
18Sep2009 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley Sells Lehman Brothers Claim
Morgan Stanley (MS) sold a claim on $1.2 billion of Lehman Brothers‘ (LEHMQ) liquidation to about 10 different investors this week. The claim was connected to approximately 10,000 derivative transactions for which Lehman was the counterparty. The sales price was 38.5%...
18Sep2009 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group Inc. – Consensus Estimates Spiking
Goldman Sachs Group Inc. (GS) is hitting new 52-week highs but its stock remains cheap as earnings estimates rise. The company is trading at just 10.9x estimates. As trading revenues have soared, analysts expect year over year earnings growth of 261.78%. Company Description Goldman...
17Sep2009 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley Issues Senior Notes
On Sep 16, Morgan Stanley (MS) sold 10-year senior notes worth $3 billion that are expected to yield a (yield to maturity) YTM of 5.68% and about 225 bps over the U.S. Treasuries. Morgan Stanley was the sole lead manager for the sale. The notes were issued at a discount at $99.581....
17Sep2009 | vitalstocks | 0 comments | Continued(SCHW) Top Aggressive Growth Equity Funds – Mutual Fund Commentary
Today we are featuring top-performing “Aggressive Growth” equity mutual funds, which primarily invest in higher-risk equity securities of companies in search of maximum growth. Investors can find such funds by checking out the entire list of the Zacks #1 Rank Aggressive...
11Sep2009 | vitalstocks | 0 comments | Continued(SCHW) Top Aggressive Growth Equity Funds – Mutual Fund Commentary
Today we are featuring top-performing “Aggressive Growth” equity mutual funds, which primarily invest in equity securities of companies. Investors can find such funds by checking out the entire list of the Zacks #1 Rank Aggressive Growth Equity Funds. 2 Solid Samples Pin...
8Sep2009 | vitalstocks | 0 comments | Continued(MS) Rating Agencies Face Class Action Lawsuit
Negative news flow continues for the U.S credit rating agencies, as a U.S. federal judge rejected the appeal by Morgan Stanley (MS), Moody’s Corporation (MCO) and McGraw-Hill’s (MHP) Standard & Poor’s to dismiss the fraud charges brought against them for not disclosing...
3Sep2009 | vitalstocks | 0 comments | Continued(GS) U.S. Treasury Profits from Bailed-Out Banks
The U.S. government has already retrieved about $4 billion in profits from 8 of the biggest banks that have fully repaid their obligations from the $700 billion Troubled Asset Relief Program (TARP). The government has recorded profits of about $1.4 billion from its investment...
31Aug2009 | vitalstocks | 0 comments | Continued(MS) Northern Trust Corporation Repurchases TARP Warrents
Northern Trust Corp. (NTRS) on Wednesday declared that it has completed the final step to free itself from the government bailout program. The Chicago-based custody bank paid $87 million to repurchase stock warrants issued to the federal government as part of the Troubled Asset...
27Aug2009 | vitalstocks | 0 comments | Continued(GS) Goldman Subpoenaed About Preferential Trading Tips
Goldman Sachs Group Inc. (GS) was recently subpoenaed by the Secretary of the Commonwealth of Massachusetts, William Galvin, to investigate charges that the company provided preferential treatment to big clients. The subpoena includes investigation of documents associated with...
27Aug2009 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley in Hiring Mood
Morgan Stanley (MS) plans to hire as many as 400 traders and salespeople. The hiring spree aims at ramping up profit in the company’s emerging markets, foreign exchange, equity derivatives and prime brokerage businesses and thereby taking the company out of three straight...
21Aug2009 | vitalstocks | 0 comments | Continued(GS) Goldman Sachs Group Becomes Holding Company
Goldman Sachs Group Inc. (GS) announced that it has received Federal Reserve’s approval on August 14, 2009 to become a financial holding company. Goldman had intended to seek FHC status when it first converted to a Bank Holding Company last year. The designation allows Goldman...
21Aug2009 | vitalstocks | 0 comments | Continued(MS) Morgan Stanley Exits its Shanghai Office
The real-estate investment arm of US bank Morgan Stanley (MS) recently agreed to sell its top-end office building in Shanghai to Soho China for 2.45 billion yuan or nearly $359 million. The Exchange, a 52-storey office and retail complex also known as Dong Hai Plaza, is situated...
20Aug2009 | vitalstocks | 0 comments | Continued(GS) High Frequency Trading: How This Toxic Trading Affects Investors
by Martin Hutchinson, Contributing Editor Editor’s Note: With whipsaw markets like we’ve seen over the past couple of days, we thought an explanation from our esteemed colleague Martin Hutchinson at Money Morning might be in order. An expert on international finance, he guides...
19Aug2009 | InvestmentU | 0 comments | Continued($GS) Why Financial Earnings Leaders Means Bad Times Ahead
Ryan Cole, The Investment U Research Team The financial sector has led the market rally the last few days – and, as a student of history, that should give you pause. We’ll get into that in a moment, but first… why are financials making such a solid run? Short answer:...
29Jul2009 | InvestmentU | 0 comments | Continued($GS) Goldman Sachs Group Inc. – Saw Record Quarterly Revenue
Goldman Sachs Group Inc. (GS), the global financial services firm, recently reported a much better than expected second quarter that surprised by 40.06%. While everyone is talking about the blow-out quarter, not many people realize that Goldman Sachs is a value stock, trading...
21Jul2009 | Shawn | 0 comments | Continued(GS) CIT Goes Over a Cliff
by The Investment U Research Team Even as Goldman Sachs (NYSE: GS) reported the best quarterly profit in it’s 140-year history, and JPMorgan Chase & Co (NYSE: JPM) announced that it’s profit climbed 36 percent to $2.7 billion, the news coming from another former financial...
16Jul2009 | InvestmentU | 0 comments | Continued(SEIC) SEI Investments Co. – Growth And Income – Zacks Rank Buy
SEI Investments Co. (SEIC) continues to battle through a challenging environment, beating estimates in its last reported quarter, sending estimates higher. Company Description SEI Investments Company provides asset management processing and investment operations software solutions...
8Jul2009 | vitalstocks | 0 comments | Continued(AMTD) TD AMERITRADE Holdings Corp. – Aggressive Growth – Zacks Rank Buy
TD AMERITRADE Holdings Corp. (AMTD) continues to grow as investors return to the markets after a long wait on the sidelines. Company Description TD AMERITRADE provides self-directed investors with brokerage services through its subsidiaries. The company offers products for all...
25Jun2009 | vitalstocks | 0 comments | Continued(ETFC) E*Trade Attractive Again?
by The Investment U Research Team Almost four months ago we discussed E*Trade Financial (Nasdaq: ETFC) and it’s forgotten brokerage profit center. In the month afterwards to April 17, E*Trade climbed an impressive 248%. That price has fallen by almost 50% since – and it’s...
23Jun2009 | InvestmentU | 0 comments | Continued