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Jefferies Lowers PT on Bank of New York Mellon To $29
Wednesday, April 20, 2011 - 6:45am | 30Jefferies & Company has lowered the price target on Bank of New York Mellon (NYSE: BK) from $34 to $29 and maintains its Hold rating.
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Macquarie Ups PZN To Neutral
Wednesday, April 20, 2011 - 6:42am | 41Analysts at Macquarie upgrade Pzena Investment Management Inc (NYSE: PZN) from “underperform” to “neutral.” PZN shares fell 1.18% to close at $7.56 yesterday. More Analyst Ratings here
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Jefferies Lowers PT On Northern Trust To $52
Wednesday, April 20, 2011 - 6:31am | 27Jefferies & Company has lowered the price target on Northern Trust (NASDAQ: NTRS) from $58 to $52 and maintains its Hold rating.
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Jefferies Raises PT On State Street to $62
Wednesday, April 20, 2011 - 6:27am | 28Jefferies & Company has raised the price target on State Street Corporation (NYSE: STT) from $57 to $62 and maintains its Buy rating.
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Ameriprise Sued By Investors -Bloomberg (AMP)
Tuesday, April 19, 2011 - 3:15pm | 43Bloomberg reports that Ameriprise Financial (NYSE: AMP) has been sued by investors, 2 units over `special purpose' notes. The investors are seeking court approval of $80M pact. Ameriprise and Securities America agree to settle investors' suit.
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U.S. Global Investors Rocketing Up 11% (GROW)
Tuesday, April 19, 2011 - 2:52pm | 92U.S. Global Investors, Inc. (NASDAQ: GROW) shares are soaring today, gaining almost 11% to $10.04, a gain of 99 cents on 206,000 shares. This is three times the normal volume in the name, and it could be ratcheting up higher because a number of the funds it owns own significant amounts of gold,...
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Relative Call Volume Explodes on U.S. Global Investors, Inc. (GROW)
Tuesday, April 19, 2011 - 2:48pm | 132Shares of U.S. Global Investors, Inc. (NASDAQ: GROW) are higher on the session by 9.07%, currently trading at $9.87. The stock has been moving largely higher over the past three months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the...
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BlackRock Appoints Jack Chandler Head of Real Estate (BLK)
Tuesday, April 19, 2011 - 11:01am | 124BlackRock (NYSE: BLK) today announced that Jack Chandler will join the Company as Global Head of Real Estate. In this capacity, Mr. Chandler will oversee BlackRock's global real estate capabilities which extend across the capital market structure and include both equity and debt investment products...
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News Summary
Tuesday, April 19, 2011 - 9:32am | 227Shares of Harley-Davidson Inc (NYSE: HOG) fell about 3% after the company reported its Q1 earnings at $119.3 million, or $0.51 per share, up from $33.3 million, or $0.14 per share, in the year-earlier period. The company's revenue increased to $1.06 billion from $1.04 billion. However, analysts...
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State Street Has Been Sued By Pension Funds Over Indirect FX -Bloomberg (STT)
Tuesday, April 19, 2011 - 9:25am | 24State Street (NYSE: STT) has been sued by pension funds over indirect FX, according to Bloomberg.
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Jefferies Gives Color On Bank Of New York Mellon Following Earnings Report
Tuesday, April 19, 2011 - 9:19am | 187Bank of New York Mellon's (NYSE: BK) operating EPS is closer to $0.53 after excluding the following: $17mm of M&I expenses, $6mm restructuring charge credit, $5mm of securities gains, $47mm of special litigation reserves, and slightly low tax rate. Jefferies notes that backing out ~$95mm of...
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Goldman Sachs Maintains Neutral on Bank of New York Mellon (BK)
Tuesday, April 19, 2011 - 8:58am | 96Goldman 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, "We believe investor sentiment heading into BK's print was already fairly low. However, higher expenses and still deteriorating rate-related fees put...
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Bank of New York Mellon Conference Call Notes (BK)
Tuesday, April 19, 2011 - 8:46am | 77Bank of New York Mellon (NYSE: BK) says "litigation expenses increased in 1Q... seeing good growth in investment management fees... executing plans to return capital to shareholders... benefiting from acquisitions made last year... new business trends, pipelines in 'good shape'... sees '...
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Northern Trust Corporation Reports Q1 EPS of $0.61 vs. $0.65; Revenues $897.9M vs. $926.86M
Tuesday, April 19, 2011 - 7:31am | 22Northern Trust Corporation (NASDAQ: NTRS) Reports Q1 EPS of $0.61 vs. $0.65; Revenues $897.9M vs. $926.86M
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Oppenheimer Summary
Tuesday, April 19, 2011 - 7:22am | 121According to Oppenheimer, HCA (NYSE: HCA) is initiating with an Outperform rating. Eaton Corp (NYSE: ETN) is upgraded to Outperform. Estimates and price targets are increased on Citigroup (NYSE: C), Fortress Investment Group (NYSE: FIG), WW Grainger (NYSE: GWW), KepCorp (NYSE: KEY), KKR & Co (...