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Citigroup Upgrades Waddell & Reed Financial To Buy, PT To $44
Friday, February 11, 2011 - 8:16am | 28Citigroup has upgraded Waddell & Reed Financial (NYSE: WDR) from Hold to Buy and has raised the price target from $40 to $44.
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Goldman Sachs Upgrades Ameriprise Financial To Buy, PT To $73
Friday, February 11, 2011 - 7:57am | 29Goldman Sachs has upgraded Ameriprise Financial, Inc. (NYSE: AMP) from Neutral to Buy and has raised the price target from $61 to $73.
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AllianceBernstein Reports Q4 EPS of $0.40 vs. $0.43
Thursday, February 10, 2011 - 5:14pm | 41AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today reported financial and operating results for the quarter ended December 31, 2010. Net Revenues $662M Operating Income $139M Adjusted Diluted Net Income per Unit $0.40
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AllianceBernstein Announces January Assets Under Management of $482B
Thursday, February 10, 2011 - 5:09pm | 45AllianceBernstein L.P. and AllianceBernstein Holding L.P. (NYSE: AB) today announced that preliminary assets under management increased to $482 billion from $478 billion during January 2011. The 0.8% increase was due to positive investment returns, offset by modest net outflows.
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GAMCO Appoints Robert S. Zuccaro as CFO
Thursday, February 10, 2011 - 12:56pm | 41GAMCO Investors, Inc. (NYSE: GBL) announced today that Robert S. Zuccaro, CPA, a senior executive with more than twenty-five years of experience in finance and accounting will re-join GAMCO as Chief Financial Officer.
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Jefferies Maintains Buy on Invesco (IVZ)
Thursday, February 10, 2011 - 9:39am | 113Jefferies is out with its report today on Invesco (NYSE: IVZ), maintaining Buy on IVZ. In a note to clients, Jefferies writes, "IVZ reported Jan 31 total AUM of $624.3B, up 1.3% from $615.5B on Dec 31. The $7.8B increase includes approx. $2-3B in net inflows, approx. $4.4B in market performance,...
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Legg Mason Reports January Assets Under Management of $672B
Thursday, February 10, 2011 - 9:03am | 23Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $672 billion as of January 31, 2011.
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Invesco Ltd. Announces January 31, 2011 Assets Under Management
Wednesday, February 9, 2011 - 5:04pm | 99Invesco Ltd. (NYSE: IVZ) today reported preliminary month-end assets under management of $624.3 billion, an increase of 1.3% month over month. The month over month increase in AUM was driven by long-term net inflows, positive market returns, and strengthening foreign currencies against the U.S....
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Jefferies: BEN Shares Are Fairly Valued
Wednesday, February 9, 2011 - 10:16am | 156Franklin Resources, Inc. (NYSE: BEN) reported Jan 31st total AUM of $681.0B, up $10.3B or 1.5% from Dec 31, Jefferies reports. “We had estimated AUM of $682.0B. Equity assets increased by 1.6% to $300.8B, hybrid by 2.5% to $108.8B, and fixed income by 0.8% to $264.0B. This compares to total returns...
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Mini Flash-Crash in Forexland
Wednesday, February 9, 2011 - 2:57am | 608Much has been talked about the 'Flash Crash', a dramatic event that plunged the Dow Jones Industrial Average by over 900 points, and then recovered, in a short period of time. After a lot of investigation, the SEC produced a report on October 1, 2010. In the report, SEC attributed the event to a...
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2011 Timers Market 02-08-2011
Tuesday, February 8, 2011 - 7:29pm | 781Cusick's Corner The market continued to chop into the After Hours, there was a lack of buying on the highs in the major indices, S&P March futures closed 1320. Energy, CLH11, was really the only market under pressure, primarily because of the strength in the greenback. 2011 will be a timers...
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GAMCO Reports Q4 EPS of $.99 vs. $.82
Tuesday, February 8, 2011 - 5:32pm | 72GAMCO Investors, Inc. (NYSE: GBL) announced record fourth quarter 2010 earnings of $0.99 per fully diluted share versus $0.70 per fully diluted share in the fourth quarter 2009. Net income was $26.9 million in the fourth quarter of 2010 compared to $19.4 million in the fourth quarter of 2009....
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Future High Noon Showdown 02-08-2011
Tuesday, February 8, 2011 - 3:56pm | 900Cusick's Corner The market is continuing its grind higher in spite of the rate hike in China and the strike by workers in the Suez Canal. While it is hard to say that a top is in place, I am getting a sense that this grinding move higher is more like a high noon showdown between the bulls and the...
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January ETF Inflows Reach $9 Billion
Tuesday, February 8, 2011 - 2:31pm | 209Despite all the cash being pulled from emerging markets and precious metals ETFs during the month of January, it was still a solid month of gains on the inflows front with $9 billion in new cash pouring into exchange traded products. January marks the fifth straight month inflows outpaced...
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Jefferies and Company Positive On State Street (STT)
Tuesday, February 8, 2011 - 10:56am | 137Jefferies and Company previews State Street (NYSE: STT) upcoming Analyst/Investor Day and remains positive on the company. The report notes, “With STT no longer guiding on annual EPS, we expect granularity on margin, costs, business wins, and capital. The session should be more incremental than...