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(ETFC) E*TRADE Financial Reports Loss – DARTs Drop

vitalstocks — Mon, 30 Jan 2012 17:20:32 +0000

E*TRADE Financial Corporation (ETFC) reported fourth-quarter 2011 net loss of 2 cents per share, significantly below the Zacks Consensus Estimate of 20 cents per share. Earnings compared unfavorably with the prior quarter’s earnings of 24 cents per share, though improved from the loss of 11 cents reported in the prior-year quarter. Quarterly results deteriorated, driven by [...]

(ETFC) E*TRADE Financial Reports Loss – DARTs Drop

(IBKR) Interactive Brokers Group – Bull of the Day

vitalstocks — Thu, 29 Dec 2011 15:53:40 +0000

Interactive Brokers Group (IBKR) third-quarter earnings were double the Zacks Consensus Estimate. Improved top line and substantially higher net income attributable to non-controlling interests were among the positives. These were partly offset by higher interest and non-interest expenses. Interactive’s fundamentals remain strong with a liquid balance sheet. Continued strong performance of its brokerage business and [...]

(IBKR) Interactive Brokers Group – Bull of the Day

(SCHW) Schwab Reports 4Q Outlook and DARTs

vitalstocks — Tue, 20 Dec 2011 18:12:28 +0000

On Wednesday, Charles Schwab Corp. (SCHW) released its Activity Report for November 2011. Concurrently, the company has provided an updated outlook for the fourth quarter of 2011. The 4Q Guidance Schwab expects its fourth quarter results to decline sequentially. Lower net interest margin (NIM), volatile global equity market and slow client trading activity will be [...]

(SCHW) Schwab Reports 4Q Outlook and DARTs

(ETFC) E*TRADE Financial Corporation’s October Daily Average Revenue Trades Perks Up

vitalstocks — Tue, 22 Nov 2011 17:37:02 +0000

Online broker E*TRADE Financial Corporation (ETFC) released its Monthly Activity Report for October 2011 on Wednesday, recording a sequential as well as year-over-year rise in average U.S. trades driven by volatile markets. For the reported month, Daily Average Revenue Trades (DARTs) were 157,713, up 3% sequentially and 9% year over year. Broker performance is generally [...]

(ETFC) E*TRADE Financial Corporation’s October Daily Average Revenue Trades Perks Up

(IBKR) Interactive Brokers Group – Bull of the Day

vitalstocks — Mon, 17 Oct 2011 15:44:26 +0000

We are upgrading our recommendation on Interactive Brokers Group (IBKR) to Outperform as its brokerage business continued to perform well and the company reinstated its quarterly dividend. Despite declining market volumes, Interactive Brokers’ Market Making segment is positioned to improve on better revenue capture. We expect the company’s strategy with respect to structural changes in [...]

(IBKR) Interactive Brokers Group – Bull of the Day

vitalstocks — Fri, 14 Oct 2011 06:26:08 +0000

(IBKR) Interactive Brokers Group – Bull of the Day

(IBKR) Interactive Brokers Group’s June Metrics Improve

vitalstocks — Wed, 06 Jul 2011 00:18:04 +0000

On Friday, Interactive Brokers Group Inc. (IBKR) reported June 2011 performance data for its business segment Electronic Brokerage, which recorded a slight improvement compared with the previous month. The segment under review clears and settles trades globally for both individual and institutional clients. Total customer accounts for the month of June were 175,600, up about [...]

(IBKR) Interactive Brokers Group’s June Metrics Improve

(IBKR) Interactive Downgraded to Neutral

vitalstocks — Fri, 24 Jun 2011 16:20:27 +0000

We are downgrading our recommendation on Interactive Brokers Group, Inc. (IBKR) to Neutral based on weak brokerage metrics for May. Primarily, a year-over-year decline in Daily Average Revenue Trades (DARTs) was disappointing. Interactive Brokers’ first quarter 2011 operating earnings per share came in at 41 cents, far better than the Zacks Consensus Estimate of 27 [...]

(IBKR) Interactive Downgraded to Neutral

(ETFC) E*TRADE Financial’s May DARTs Decline

vitalstocks — Mon, 20 Jun 2011 00:35:15 +0000

Online broker E*TRADE Financial Corporation (ETFC) released its Monthly Activity Report for May 2011 on Wednesday, recording a sequential as well as year-over-year decline in average U.S. trades. For the reported month, Daily Average Revenue Trades (DARTs) were 153,943, down 4% sequentially and 22% year over year. Broker performance is generally measured through DARTs. DARTs [...]

(ETFC) E*TRADE Financial’s May DARTs Decline

(ETFC) E*TRADE Analyst Upgrades Shares to Outperform

vitalstocks — Tue, 14 Jun 2011 18:59:59 +0000

We have upgraded our recommendation on E*Trade Financial Corporation(ETFC) to Outperform from Neutral based on improved first-quarter 2011 results. In April, E*TRADE reported first-quarter 2011 earnings of 16 cents per share, substantially better than the Zacks Consensus Estimate of 12 cents. This also compared favorably with a loss of 11 cents in the prior quarter [...]

(ETFC) E*TRADE Analyst Upgrades Shares to Outperform

(SCHW) Charles Schwab Expects Costs to Rise

vitalstocks — Thu, 12 May 2011 00:51:02 +0000

Last week, Charles Schwab Corp. (SCHW) announced its expectation for capital spending on client-related initiatives to increase approximately 40% in 2011 over 2010. The company increased its earlier projection of 35% increment mentioned in 2010 annual report filed at the end of February 2011 to 40%, driven by anticipated increase in spending on software, equipment [...]

(SCHW) Charles Schwab Expects Costs to Rise

(IBKR) Interactive Brokers Group – Bull of the Day

vitalstocks — Fri, 06 May 2011 15:17:06 +0000

We are upgrading our recommendation on Interactive Brokers Group (IBKR) to Outperform based on substantially better-than-expected first quarter results with the rebound of Market Making and continuous growth in Electronic Brokerage. The initiation of a quarterly dividend was also an impressive move. Results benefited mainly from improved top line, which was partially offset by higher-than-expectedinterest [...]

(IBKR) Interactive Brokers Group – Bull of the Day

(IBKR) Interactive Brokers Group Reports Better Metrics

vitalstocks — Wed, 04 May 2011 16:56:48 +0000

On Monday, Interactive Brokers Group Inc.’s (IBKR) business segment Electronic Brokerage announced its monthly performance data for the month of April. The segment clears and settles trades globally for both individual and institutional clients. Interactive reported 170,700 Customer Accounts for the month of April 2011. This marked a 1.7% increase from 167,900 in March 2011 [...]

(IBKR) Interactive Brokers Group Reports Better Metrics

(ETFC) E*TRADE Financial Reports Return to Profitability

vitalstocks — Sun, 24 Apr 2011 19:44:22 +0000

E*TRADE Financial Corporation‘s (ETFC) first-quarter 2011 net income of 16 cents per share was above the Zacks Consensus Estimate earnings of 12 cents, on the back of operating net revenue, strong brokerage business, decrease in provision for loan losses and improved expense management. The income also compares favorably with loss of 11 cents and 25 [...]

(ETFC) E*TRADE Financial Reports Return to Profitability

(SCHW) Charles Schwab First Quarter 2011 Earnings Beat by a Penny

vitalstocks — Mon, 18 Apr 2011 14:36:02 +0000

Charles Schwab Corporation’s (SCHW) first quarter 2011 earnings came in at 20 cents per share, a penny ahead of the Zacks Consensus Estimate of 19 cents. This also compares favorably with the year-ago quarter’s earnings of 11 cents. Charles Schwab’s net income for the reported quarter stood at $243 million, up 84% compared with $132 [...]

(SCHW) Charles Schwab First Quarter 2011 Earnings Beat by a Penny

(IBKR) Interactive Brokers Group – Bear of the Day

vitalstocks — Thu, 17 Mar 2011 17:12:35 +0000

We are downgrading our recommendation on Interactive Brokers Group (IBKR) to Underperform from Neutral based on its mediocre fourth-quarter 2010 results. Earnings for the reported quarter lagged the Zacks Consensus Estimate. Though results benefited from lower non-interest expenses, they were more than offset by decrease in net revenue. Also, higher interest and compensation expenses were [...]

(IBKR) Interactive Brokers Group – Bear of the Day

(ETFC) E*TRADE Financial’s Daily Average Revenue Trades Advance

vitalstocks — Sat, 26 Feb 2011 22:28:14 +0000

On Wednesday, Online broker E*TRADE Financial Corporation (ETFC) reported an improved Daily Average Revenue Trades (DARTs) through February 22, 2011. The company also reported monthly delinquencies in its loan portfolio for November 2010, December 2010 and January 2011. For the period ended from February 1, 2011 to February 22, 2011, DARTs were approximately 184,000, up [...]

(ETFC) E*TRADE Financial’s Daily Average Revenue Trades Advance

(SCHW) Charles Schwab – Financial Tides – Chart of the day

Shawn — Thu, 10 Feb 2011 17:59:49 +0000

Barchart.com’s Chart of the Day – Charles Schwab Corp (SCHW) Barchart Research Team – Barchart.com – Tue Feb 08, 7:18PM CST Related Stocks SCHW – The Charles Schwab Corporation Sym Last Chg Pct SCHW 18.75 -0.29 -1.52% The “Chart of the Day” is Charles Schwab Corp (SCHW), which showed up on Tuesday’s list of stocks [...]

(SCHW) Charles Schwab – Financial Tides – Chart of the day

(ETFC) E*TRADE Financial Reports Third Quarter 2010 Earnings In Line

vitalstocks — Wed, 03 Nov 2010 06:31:22 +0000

E*TRADE Financial Corporation‘s (ETFC) third-quarter earnings of 3 cents per share was in line with the Zacks Consensus Estimate. The income for the reported quarter compared unfavorably with 12 cents in the prior quarter. However, the company reported loss of $6.74 per share in the prior-year quarter. E*TRADE reported a third-quarter net earnings of $8 [...]

(ETFC) E*TRADE Financial Reports Third Quarter 2010 Earnings In Line

(SCHW) Charles Schwab Earnings Report Substantially Beats the Street

vitalstocks — Fri, 15 Oct 2010 17:55:43 +0000

Charles Schwab Corporation’s (SCHW) third quarter earnings came in at 18 cents per share, substantially ahead of the Zacks Consensus Estimate of 9 cents. This also compares favorably with the year-ago quarter’s earnings of 17 cents. Earnings for the reported quarter exclude previously announced charges of $94 million (after-tax) related to money market mutual funds and [...]

(SCHW) Charles Schwab Earnings Report Substantially Beats the Street

(SCHW) Charles Schwab Keeps ETFs Commission-Free

vitalstocks — Thu, 12 Aug 2010 05:21:49 +0000

Charles Schwab Corp. (SCHW), a big player in the fast-growing exchange traded fund (ETF) market, does not intend to change its commission-free trading policy on its ETFs, Reuters reported on Tuesday. This commission-free trading along with low expense ratio-based core assets will continue to benefit Schwab over its peers as the popularity of these ETFs [...]

(SCHW) Charles Schwab Keeps ETFs Commission-Free

(SCHW) Schwab Schwab Launches New ETFs

vitalstocks — Tue, 10 Aug 2010 04:35:51 +0000

Last week, Charles Schwab Corporation (SCHW) announced the launch of three new bond Exchange-Traded Funds (ETFs). This will increase the tally of Schwab’s total ETFs to 11. Previously the company had 8 Equity ETFs. The new bond ETFs are expected to offer coverage to short-term, intermediate-term and inflation-protected securities. The three new ETFs – the [...]

(SCHW) Schwab Schwab Launches New ETFs

(ETFC) E*TRADE Financial Corporation Swings to Profit

vitalstocks — Sat, 24 Jul 2010 15:20:56 +0000

E*TRADE Financial Corporation (ETFC) has turned to profitability in the second quarter of 2010 after reporting losses over the last three years. The company reported earnings of 12 cents per share versus the Zacks Consensus Estimate of a loss of 11 cents. The significant turnaround in its results was helped by a drop in loan [...]

(ETFC) E*TRADE Financial Corporation Swings to Profit

(SCHW) Charles Schwab Second Quarter Earnings Slightly Ahead of Estimates

vitalstocks — Sat, 17 Jul 2010 00:32:24 +0000

Charles Schwab Corporation‘s (SCHW) second-quarter earnings came in at 17 cents per share, slightly ahead of the Zacks Consensus Estimate of 15 cents. However, the result was a penny below last year’s 18 cents. Net revenue was $1,080 million, an increase of 10% compared with the prior quarter and flat with the prior-year quarter. Net [...]

(SCHW) Charles Schwab Second Quarter Earnings Slightly Ahead of Estimates

(ETFC) E*TRADE Financial Corporation Sees Improved Activity

vitalstocks — Fri, 21 May 2010 05:49:32 +0000

Online broker E*TRADE Financial Corporation (ETFC) released its Monthly Activity Report for April 2010 on Wednesday, recording a 17.0% sequential gain in average U.S. trades. For the month of April, 2010, Daily Average Revenue Trades (DARTs) were 181,556, up 17.0% sequentially, but down 14.0% on a year-over-year basis. DARTs represent the number of trades from [...]

(ETFC) E*TRADE Financial Corporation Sees Improved Activity

(ETFC) E*Trade Financial Corporation Announces Reverse Split

vitalstocks — Mon, 17 May 2010 14:52:14 +0000

In the company’s annual general meeting, hosted on Thursday, the board of E*Trade Financial Corp. (ETFC) announced the approval of a reverse split of the outstanding shares of common stock in the ratio of 1-for-10. This is expected to be effective by early June 2010. According to this reverse stock split strategy, E*Trade will be [...]

(ETFC) E*Trade Financial Corporation Announces Reverse Split

(NMR) Turning Calamity Into Opportunity – Crisis-Induced Profits

InvestmentU — Thu, 13 May 2010 20:38:55 +0000

Crisis is bad. (Just ask Lehman Brothers.) Crisis is good. (Just ask Nomura Holdings.) So which assertion is correct? Both of them. Borne out of the financial crisis, one – Lehman Brothers (OTC: LEHMQ.PK) – sits in Chapter 11 as the biggest bankruptcy case in history with over $600 billion in assets. The other – [...]

(NMR) Turning Calamity Into Opportunity – Crisis-Induced Profits

(SCHW) Charles Schwab Earnings Report Falls Short by a Penny

vitalstocks — Thu, 15 Apr 2010 17:43:09 +0000

Charles Schwab Corporation’s (SCHW) first quarter earnings came in at 10 cents per share, a penny short of the Zacks Consensus Estimate of 11 cents. This also compares unfavorably with earnings of 19 cents in the year-ago quarter. The year-over-year decrease in earnings was due primarily to a 12% decline in net revenue to $978 [...]

(SCHW) Charles Schwab Earnings Report Falls Short by a Penny

(IBKR) Interactive Brokers Group Analyst Downgrades to Underperform

vitalstocks — Mon, 29 Mar 2010 21:32:32 +0000

Based on substantially lower than expected results and weak fundamentals, we are downgrading our recommendation on Interactive Brokers Group Inc. (IBKR) to Underperform from Neutral. IBKR’s 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 [...]

(IBKR) Interactive Brokers Group Analyst Downgrades to Underperform

(ETFC) E*TRADE Financial Hires ex-Citigroup CEO

vitalstocks — Thu, 25 Mar 2010 19:26:35 +0000

On Monday, E*TRADE Financial Corporation (ETFC) announced that it has chosen the ex-chief executive of Citigroup Inc. (C), Steven Freiberg, 53, as its new Chief Executive Officer (CEO), effective Apr 1, 2010. Steven Freiberg comes with a 30-year valued experience at Citigroup and succeeds interim CEO Robert Druskin. With an exceptional financial service expertise and [...]

(ETFC) E*TRADE Financial Hires ex-Citigroup CEO

(SCHW) Charles Schwab To Be Traded on New York Stock Exchange

vitalstocks — Wed, 24 Feb 2010 01:05:11 +0000

Charles Schwab Corp. (SCHW) said on Monday that it will move its stock listing to the New York Stock Exchange (NYSE) from the Nasdaq on March 5, under its current symbol “SCHW”. Till then the shares of Schwab will continue to trade on the Nasdaq. Schwab is returning to the NYSE to join its natural [...]

(SCHW) Charles Schwab To Be Traded on New York Stock Exchange

(IBKR) Interactive Brokers Group Misses Expectations Again

vitalstocks — Wed, 03 Feb 2010 01:42:06 +0000

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 challenges in the market as a whole, Interactive Brokers experienced lower operating [...]

(IBKR) Interactive Brokers Group Misses Expectations Again

(ETFC) E*TRADE Financial Corporation Reports Earnings In Line – Trims Loss

vitalstocks — Sat, 30 Jan 2010 00:28:34 +0000

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 reported a fourth-quarter net loss of $67.1 million, compared to [...]

(ETFC) E*TRADE Financial Corporation Reports Earnings In Line – Trims Loss

(SCHW) Charles Schwab Corporation Misses Expectations by a Penny

vitalstocks — Wed, 20 Jan 2010 19:00:43 +0000

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 with Schwab’s estimate in mid-December. The year-over-year decrease in earnings was [...]

(SCHW) Charles Schwab Corporation Misses Expectations by a Penny

(SCHW) The Charles Schwab to Slash Trading Fees

vitalstocks — Fri, 08 Jan 2010 20:54:06 +0000

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 than $1 million and who execute [...]

(SCHW) The Charles Schwab to Slash Trading Fees

(SCHW) Charles Schwab Corporation Provides Weak Outlook

vitalstocks — Tue, 15 Dec 2009 22:51:52 +0000

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 lower trading volume. The Zacks Consensus Estimate for the [...]

(SCHW) Charles Schwab Corporation Provides Weak Outlook

(ETFC) E*Trade Financial: Why This Company’s Takeover Prospects Keep Improving

InvestmentU — Fri, 30 Oct 2009 04:03:13 +0000

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 laughable… On Tuesday, E*Trade reported its ninth straight quarterly loss. And this [...]

(ETFC) E*Trade Financial: Why This Company’s Takeover Prospects Keep Improving

(IBKR) Interactive Brokers Group Falls Short

vitalstocks — Wed, 28 Oct 2009 03:53:18 +0000

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 and other challenges in the market as a whole, the company experienced lower operating results [...]

(IBKR) Interactive Brokers Group Falls Short

(SCHW) Charles Schwab Misses Forecasts by a Penny

vitalstocks — Fri, 16 Oct 2009 23:17:59 +0000

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 was due primarily to a 19.2% decline in net revenue to $1.0 billion. [...]

(SCHW) Charles Schwab Misses Forecasts by a Penny

(GS) Goldman Sachs Group to Invest in Chinese Carmaker

vitalstocks — Wed, 23 Sep 2009 19:22:50 +0000

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 arm of Chinese automaker Geely Holding. Goldman Sachs Capital Partners will buy convertible bonds and warrants [...]

(GS) Goldman Sachs Group to Invest in Chinese Carmaker

(GS) Goldman Sachs – Bull of the Day

vitalstocks — Tue, 22 Sep 2009 21:19:05 +0000

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 business model, coupled with a more favorable operating environment resulting from improved equity markets, led to strong growth [...]

(GS) Goldman Sachs – Bull of the Day

(GS) Goldman Sachs Group Inc. – Consensus Estimates Spike Upward

vitalstocks — Sat, 19 Sep 2009 00:31:24 +0000

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 Sachs Group is a financial services firm offering investment banking, securities [...]

(GS) Goldman Sachs Group Inc. – Consensus Estimates Spike Upward

(MS) Morgan Stanley Sells Lehman Brothers Claim

vitalstocks — Fri, 18 Sep 2009 23:49:06 +0000

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% of the face value or $462 million. Lehman Brothers Holdings filed for Chapter 11 [...]

(MS) Morgan Stanley Sells Lehman Brothers Claim

(GS) Goldman Sachs Group Inc. – Consensus Estimates Spiking

vitalstocks — Thu, 17 Sep 2009 18:58:07 +0000

(GS) Goldman Sachs Group Inc. – Consensus Estimates Spiking

(MS) Morgan Stanley Issues Senior Notes

vitalstocks — Thu, 17 Sep 2009 18:30:39 +0000

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. They are non-callable [...]

(MS) Morgan Stanley Issues Senior Notes

(SCHW) Top Aggressive Growth Equity Funds – Mutual Fund Commentary

vitalstocks — Fri, 11 Sep 2009 22:10:13 +0000

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 Growth Equity Funds. Three Outstanding Samples Hartford Capital Appreciation A (ITHAX) seeks growth of [...]

(SCHW) Top Aggressive Growth Equity Funds – Mutual Fund Commentary

vitalstocks — Wed, 09 Sep 2009 00:38:44 +0000

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 Oak Aggressive Stock (POGSX) seeks long-term growth by concentrating investments primarily in small [...]

(SCHW) Top Aggressive Growth Equity Funds – Mutual Fund Commentary

(MS) Rating Agencies Face Class Action Lawsuit

vitalstocks — Thu, 03 Sep 2009 21:28:20 +0000

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 the risks associated with an investment related to subprime mortgages. This fraud claim [...]

(MS) Rating Agencies Face Class Action Lawsuit

(GS) U.S. Treasury Profits from Bailed-Out Banks

vitalstocks — Mon, 31 Aug 2009 20:55:01 +0000

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 in Goldman Sachs Group Inc. (GS), $1.3 billion from Morgan Stanley [...]

(GS) U.S. Treasury Profits from Bailed-Out Banks

(MS) Northern Trust Corporation Repurchases TARP Warrents

vitalstocks — Thu, 27 Aug 2009 19:06:53 +0000

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 Relief Program (TARP). With this repurchase, Northern Trust has paid a [...]

(MS) Northern Trust Corporation Repurchases TARP Warrents