Asset Management & Custody Banks

Bank of America has published a research report on Federated Investors Inc (NYSE: FII) lowering the price target from $29 to $28. In the report, Bank of America wrote, "Maintain our Buy following a steady quarter with expense control and relative stability in the face of macro headwinds. Federated...

JP Morgan reiterated its Underweight rating on Federated Investors (NYSE: FII). At the same time, the rating agency left its price target on the company's stock unchanged at $20.50. On Friday, FII added 0.19% to its value to finish the day at $21.37.

J.P. Morgan Chase & Co. is out with a research report on Invesco Ltd. (NYSE: IVZ) and it was an Overweight rating and a $29.50 price target on shares. In a note to clients, J.P. Morgan Chase & Co. writes, "As we catch up from earnings last week, we adjust our Invesco earnings model. The...

This is your Benzinga news summary and traders' outlook for Monday, August 1, 2011, covering headlines from overnight and Monday's pre-market session. Today in domestic pre-market trading, U.S. equity futures are trading higher and the U.S. Dollar lower after Republican and Democratic leaders in...

Bank of America Merrill Lynch is out with its report today on AllianceBernstein (NYSE: AB), lowering its PO from $22 to $20. In its report, Bank of America Merrill Lynch writes, "We are lowering our ‘11E and ‘12E by roughly 10% (annualized) driven mainly by higher than expected distribution and...

Bank of America has lowered the price objective on Federated Investors (NYSE: FII) from $29 to $28 and maintains its Buy rating.

Citigroup has upgraded Eaton Vance (NYSE: EV) from Sell to Hold and maintains its $27 price target.

Bank of America has lowered the price objective on AllianceBernstein (NYSE: AB) from $22 to $20 and maintains its Neutral rating.

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Friday's trading session (listed from highest total volume to...

Quarterly reports of note scheduled for this week include those from Archer Daniels Midland (NYSE: ADM), General Motors (NYSE: GM), MasterCard (NYSE: MA), Procter & Gamble (NYSE: PG) and Time Warner (NYSE: TWX), all of which are expected to post earnings growth, as well as Pfizer (NYSE: PFE)...

Cusick's Corner I am going to change gears and not talk about the Debt debate but focus on the upcoming ex-dividend calendar. Those of you who are dividend traders, yield players (i.e. covered calls/call credit spreads), you need to stay on top of these dates. For the stock trader you need to know...

Kohlberg Kravis Roberts & Company (NYSE: KKR) releases its next round of earnings this Wednesday, August 3, 2011. Get prepared with Benzinga's ultimate preview for Kohlberg Kravis Roberts & Company's second quarter earnings. Earnings and Revenue: Analysts are looking ahead to a...

Shares of Legg Mason (NYSE: LM) are higher on the session by 0.82%, trading at $29.54. Overall call volume is now running at 7.86x the daily average, with 64% of all calls traded being purchases on the offer. 2,375 contracts have traded on the session so far. Legg Mason, Inc. is a holding...

Franklin Resources (NYSE: BEN) unveils its next round of earnings this Tuesday, August 2, 2011. Here's Benzinga's advanced look at Franklin Resources' third quarter earnings report. Earnings and Revenue: Wall Street expects a EPS of $2.16 per share and revenues of $1.84 billion. Franklin...

Kellogg Co (NYSE: K) reported a 14% rise in its second-quarter profit. Kellogg reported its quarterly profit at $343 million, or $0.94 per share, up from $302 million, or $0.79 per share, in the year-ago period. Its sales climbed 11% to $3.39 billion. However, analysts were expecting a profit of $0...