Asset Management & Custody Banks

Analysts at Goldman Sachs downgrade Och-Ziff Capital Management Group LLC (NYSE: OZM) from "buy" to "neutral." The target price for OZM is set to $16. OZM’s shares closed at $ 14.39 yesterday.

Analysts at Goldman Sachs upgrade Janus Capital Group Inc (NYSE: JNS) from "neutral" to "buy." The target price for JNS is set to $16.50. JNS’ shares closed at $12.12 yesterday.

There were 3 Boston based mutual funds among the top 10 in US mutual funds in 1999. However, it seems that these companies have lost favor with retail investors based on their traditional stock-picking strategies, leading to a much reduced market share. Fidelity Investments, MFS Investment...

Five stocks that warrant attention today are: Cisco Systems (NASDAQ: CSCO) is expected to post earnings of $0.30 when it ports after the close today. CSCO’s shares gained 0.87% in pre-market trading, after moving up 1.28% to close at $23.02 yesterday. Visa Inc (NYSE: V), the credit card kingpin,...

On the day his company acquired PNC Financial's (NYSE: PNC) global investment servicing business for $2.31 billion, Bank of New York Mellon (NYSE: BK) CEO Bob Kelly said his company favors expansion over boosting its dividend or repurchasing shares. Kelly claims that shareholders prefer the company...

Cephalon Inc. (CEPH) has recently signed a deal which should mark the company’s entry into the generics business. The company announced that it intends to acquire Mepha AG, a privately held Swiss generic drug company for approximately $590 million (CHF 622.5 million).   This deal is in-line with...

Bloomberg reports that the Bank of New York Mellon Corp (NYSE: BK) has decided to purchase the global investment servicing business of PNC Financial Services Group (NYSE: PNC) for $2.31 billion. "This acquisition significantly strengthens our service offering and market share with asset managers...

Bank of New York Mellon Corp. (NYSE: BK) has made a deal with PNC Financial Services Group Inc. (NYSE: PNC) to acquire PNC Global Investment Servicing, PNC's back office operations unit, for $2.31 billion. PNC Financial Services Group Inc. put the unit up for sale months ago in an effort to raise...

A report in Bloomberg says that bank bonds have become attractive to large investors, after President Obama’s resolve to limit US Bank sizes reduced the market cap of financial sector firms by $430 billion. The MSCI World Index saw bank stock fall by 5.1% while investors started to demand higher...

• Honeywell (NYSE:HON) reported a one penny fourth quarter earnings beat of 91 cents on revenues of $8.1 billion, just below Zacks estimates of $8.16 billion. The firm said it expects for 2010 earnings of $2.20 to $2.40 • Dover (NYSE:DOV) reported estimate-topping fourth quarter earnings of 55...

Federated Investors, Inc. (NYSE: FII) declined 2% to $25.50 in the pre-market session after Federated Investors was downgraded by FBR Capital to Underperform from Market Perform and the price target set to $23. The 52-week trading range for Federated Investors is $16.18 - $28.31. FII closed at $26....

Janus Capital Group Inc. (NYSE: JNS) reprorted Thursday that its 4th quarter net income rose to $37 million, or 20 cents per share, up from $7.8 million, or 5 cents per share, during the same period a year ago. Janus saw 4th quarter revenues of $250.6 million, up from $177.1 million in the 4th...

Steven Schwarzman, CEO of Blackstone Group LP (NYSE: BX), has said that banks may have to control and restrict their level of lending in the face of attacks by regulators and the government. This could hinder and hamper efforts to bring back economic recovery. “Banks, starting in the United...