Asset Management & Custody Banks

Jefferies & Company has lowered the price target on State Street (NYSE: STT) from $61 to $57 and maintains its Buy rating.

BlackRock Inc (NYSE: BLK) reported a 43% surge in its Q2 net income. BlackRock's quarterly net income surged to $619 million, or $3.21 per share, from $432 million, or $2.21 per share in the year-ago period. Its revenue increased 16% y/y to $2.35 billion from $2.03 billion. On an adjusted basis,...

Northern Trust Corporation (Nasdaq: NTRS) announced today that William L. Morrison has been appointed President and Chief Operating Officer. The appointment will take effect October 1, and Morrison will continue to report to Chairman and Chief Executive Officer Frederick H. Waddell. Morrison,...

Avery Dennison (NYSE: AVY) is trading down over 11% after S&P cut its view. Lincare Holdings (NASDAQ: LNCR) is trading down roughly 8% after the company reported earnings lower than the street's expectations. rown & Brown (NYSE: BRO) is trading down over 4.70% after the company reported...

Jefferies is out with its report today on State Street (NYSE: STT), maintaining Buy. In a note to clients, Jefferies writes, "STT posted GAAP EPS of $1.00, although operating EPS is closer to $0.93 ex. specials, which is $0.03 below consensus. Decent revenue growth did not show up on the bottom...

Goldman Sachs is out with its report today on Bank of New York Mellon (NYSE: BK), maintaining Neutral. In a note to clients, Goldman Sachs writes, "Elevated expenses clearly remain an issue for BK, partially masking improving top-line growth momentum. Excluding 2Q's positive seasonality, the low...

State Street Corporation (NYSE: STT) today provided an update of its multi-year business operations and IT transformation program. First announced in November 2010, the program is designed to enhance State Street's growth by substantially increasing its focus on technology research and development...

Harley-Davidson Inc (NYSE: HOG) reported a strong rise in its second-quarter net income and lifted its forecast of shipments for the full year. HOG's quarterly profit increased to $190.6 million, or $0.81 per share, from $71.2 million, or $0.30 per share, in the year-ago quarter. Its revenue...

Goldman Sachs (NYSE: GS) reported disappointing earnings this morning, with a Q2 EPS of $1.85 vs. $2.27 and revenues of $7.28 billion vs. $8.14 billion. This news comes just one day after Goldman Sachs hit a new 52-week low at $128.29. Following today's announcements, the company's shares continued...

Morgan Stanley has issued a report reiterating the Equal-Weight Rating on Bank of New York Mellon Corp (NYSE: BK). According to Morgan Stanley, "BK posted 2Q11 operating EPS of $0.58, +2c above our in-line estimate. Strong volumes, but lighter profitability. PPOP missed by -5c due to negative...

Bank of New York Mellon Corp (NYSE: BK) released its results for the second quarter on Tuesday. BK's quarterly net profit surged to $735 million, or $0.59 per share, from $658 million, or $0.54 per share, in the year-ago period. The bank's total fee revenue climbed to $3.01 billion from $2.54...

Harley-Davidson Inc (NYSE: HOG) is projected to report its Q2 EPS at $0.71 on revenue of $1.26 billion. Yahoo! Inc (NASDAQ: YHOO) is projected to report its Q2 earnings at $0.18 per share on revenue of $1.11 billion. Bank of America Corporation (NYSE: BAC) is expected to post a Q2 loss at $0.90...

Blackstone Group (NYSE: BX) earnings are coming up! Don't miss out: The company unveils its next round of earnings this Thursday, July 21, 2011. Need to brush up a bit ahead of Thursday's announcement? We've got just the thing. Here's your essential guide to Blackstone Group's second quarter...

State Street (NYSE: STT) earnings are coming up! Don't miss out: The company unveils its next round of earnings this Tuesday, July 19, 2011. Want to know what analysts are expecting to see in State Street's lastest earnings numbers? We thought so. Here's an advanced look at the company's second...

With trading profits receding on Wall Street, the recent volatility in what has been a largely sideways market has to be a welcome development, as it offers traders some opportunities to actually profit off their investments. The major averages have seen some pretty ridiculous moves over the last...