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Invesco Announces $680M Offering
Wednesday, November 10, 2010 - 9:43am | 139JP Morgan has published a research report on Invesco Ltd. (NYSE: IVZ) after the company announced a divestiture that is not expected to affect the already strong Invesco/Morgan Stanley (NYSE: MS) relationship. In the report, JP Morgan writes "Invesco announced a $680 million follow-on offering in...
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Legg Mason October Assets Under Managment $677B
Wednesday, November 10, 2010 - 9:12am | 23Legg Mason, Inc. (NYSE: LM) reported preliminary assets under management of $677 billion as of October 31, 2010.
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Invesco Prices Secondary Common Stock Offering at $21.48
Wednesday, November 10, 2010 - 9:06am | 113Invesco Ltd. (NYSE: IVZ) and Morgan Stanley (NYSE: MS) today announced the pricing of 30,891,439 shares of Invesco's common stock held by an affiliate of Morgan Stanley. The underwriter has agreed to purchase the Invesco common stock from the selling stockholder at a price of $21.48 per share,...
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FDIC Issues Two Deposit Insurance Proposals
Wednesday, November 10, 2010 - 8:14am | 157Keefe Bruyette & Woods has published a research report on Large Cap banks after the FDIC Issues Two Deposit Insurance Proposals. In the report, KBW writes "On Tuesday, the FDIC issued two proposals on deposit insurance. The first is a proposal as mandated by Dodd-Frank which changes the way...
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Jefferies Has Thoughts On Invesco (IVZ)
Wednesday, November 10, 2010 - 8:07am | 91Jefferies & Co. is out with a research report on Invesco Ltd. (NYSE: IVZ), and it has a Buy rating and a $27 price target on shares. In a research report sent to investors, Jefferies writes, "Core business trends are stable-to-improving and the opportunity for acceleration through the Van...
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Ameriprise Financial, Inc. - Momentum
Wednesday, November 10, 2010 - 3:03am | 569Ameriprise Financial, Inc. (AMP) just hit a new multi-year high at $55.06 after reporting an awesome Q3 earnings surprise of 28% in late October. Estimates have since jumped higher, with the next-year estimate projecting 17% growth, providing some very nice upward momentum for this Zacks #1 rank...
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2 Very Weak Stocks Today (BLK, HGG)
Tuesday, November 9, 2010 - 1:49pm | 161The broader markets are showing a little bit of weakness today, with the averages down around 0.3%. Compounding these losses, are a couple of stocks that are sharply weaker on significant volume, but for two very different reasons. BlackRock, Inc. (NYSE: BLK) is down $1.99 to $167.10, a loss of 1.2...
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Zacks Analyst Blog Highlights: Berkshire Hathaway, American International Group, MetLife, Fortress Investment Group LLC and Prudential Financial - Press Releases
Tuesday, November 9, 2010 - 11:33am | 1715For Immediate Release Chicago, IL – November 9, 2010 – Zacks.com Analyst Blog features: Berkshire Hathaway (BRK.B), American International Group Inc. (AIG), MetLife Inc. (MET), Fortress Investment Group LLC (FIG) and Prudential Financial Inc. (PRU). Get the most recent insight from Zacks Equity...
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Company News for November 9, 2010 - Corporate Summary
Tuesday, November 9, 2010 - 10:33am | 785• Chevron (NYSE: CVX) announced plans to buy Atlas Energy (NASDAQ: ATLS) for $4.3 billion, or $43.35 per share • Bank of America (NYSE: BAC) and PNC (NYSE: PNC) sold $8.3 billion of BlackRock (NYSE: BLK) shares in a secondary offering priced at $163 per share, a 3.6% discount to BlackRock's close...
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Franklin Resources Stays Afloat With Fixed Income
Tuesday, November 9, 2010 - 8:53am | 131Jefferies & Co. has published a research report on Franklin Resources (NYSE: BEN) as reports of fixed income continue to carry the weight on the company. In the report, Jefferies writes "We estimate the primary beneficiary of net inflows was once again the fixed income segment, capturing approx...
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Pzena Investment Management, Inc. Announces October 31, 2010 Assets Under Management
Monday, November 8, 2010 - 5:07pm | 36Pzena Investment Management, Inc. (NYSE: PZN) today reported its preliminary assets under management as of October 31, 2010. AUM for month-end October 2010, month-end September 2010, and month-end October 2009 are listed below:
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BNY Mellon Launches the China ADR Index
Monday, November 8, 2010 - 9:45am | 101BNY Mellon (NYSE: BK) has announced the launch of the BNY Mellon China "Xia Yi Dai" ADR Index. This index is comprised of a select group of Chinese companies that chose their primary listing to be in the form of Depositary Receipts (DRs) traded on a U.S. exchange. The BNY Mellon China Xia Yi Dai...
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Keefe Bruyette & Woods Gives Update On AB, BEN, BLK, EV
Monday, November 8, 2010 - 9:39am | 268Risks to Alliance Berstein (NYSE: AB) include: assets, revenues, and earnings are leveraged to the performance of Global equity and bond markets and demand for products is vulnerable to weak investment performance and poor capital market returns. Risks to Franklin Resources (NYSE: BEN) include:...
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Fortress Investment Group Continues to Make Progress With Solid Earnings
Monday, November 8, 2010 - 9:21am | 166Fortress Investment Group (NYSE: FIG) continues to make progress with good capital formation. The lower Distributable Earnings (DE) compared to KBW''s forecast was mainly driven by higher-than-expected OpEx. Capital formation and performance trends were both positive, and most HF strategies are...
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GAMCO Board Approves a Special Dividend of $0.80
Monday, November 8, 2010 - 8:32am | 68GAMCO Investors, Inc. (NYSE: GBL) announced today that its Board of Directors approved a special dividend of $0.80 per share in cash and $3.20 of principal per share in the form of a debenture. The debenture is expected to be a five-year, zero coupon bond. This special dividend will be declared...