Asset Management & Custody Banks

Analysts at Keefe Bruyette upgrade Calamos (NASDAQ: CLMS) from "market perform" to "outperform." The target price for CLMS is set to $15. CLMS shares gained 2.13% to close at $12.00 yesterday. More Analyst Ratings here

Below are the top asset management stocks on the NYSE and the NASDAQ in terms of PEG ratio. Fortress Investment Group LLC (NYSE: FIG) has a PEG ratio of 0.29. FIG's quarterly revenue surged 37.60% y/y. Principal Financial Group Inc (NYSE: PFG) has a PEG ratio of 0.71. PFG's trailing-twelve-month...

Epoch Investment Partners, Inc. the sole operating subsidiary of Epoch Holding Corporation (Nasdaq: EPHC) today announced that its assets under management were approximately $12.8 billion as of September 30, 2010, an increase of 13% from $11.3 billion as of June 30, 2010.

Like many banks the world over, Ireland's Anglo Irish Bank was reckless in lending against commercial real estate through the last decade.  The Bank, who's presence was largely confined to Ireland, New York City, and L.A., ramped up its commercial real estate lending and extended...

State Street Corporation (NYSE: STT) today announced that Samuel (Sam) Cole will join the company next month as executive vice president and deputy head of State Street's e-Exchange business, a division of State Street Global Markets which provides advanced trading solutions for a variety of...

On Thursday, two former executives of State Street Corp. (STT) were accused by the Securities and Exchange Commission (SEC) of misleading investors about a risky mortgage fund. The SEC stated that Mr. John Flannery (a former member of State Street's executive management group) and Mr. James...

Oppenheimer reiterates ratings for the following: Blackstone Group (NYSE: BX) Outperform, price target lowered from $20 to $17 Kraton Performance Polymers (NYSE: KRA) Outperform, price target raised from $35 to $40 KKR & Co. (NYSE: KKR) Outperform, price target raised from $14 to $15

Today, it was announced that a single sale of $4.1 billion in futures contracts by mutual fund company Waddell & Reed (NYSE: WDR) was the reason for the so-called flash crash on May 6. Regulators at the Securities and Exchange Commission and the Commodity Futures Trading Commission outlined the...

AllianceBernstein L.P. (NYSE: AB) today announced that it has acquired SunAmerica's alternative investments group, a team that manages a portfolio of hedge fund and private equity fund investments. "We are pleased to add to our alternative investment capabilities this exceptional hedge fund and...

Bloomberg is reporting that the president of Blackstone Group LP (NYSE: BX), Tony James, believes that there simply is not enough capital to go around in today's market to fund all of the opportunities he is seeing. “In 2005 and 2006, if you put it out well, you could raise as much as you could...

BlackRock, Inc. (NYSE: BLK) today announced that the iShares Exchange Traded Funds (ETFs) business launched three new iShares emerging markets ETFs on the NYSE Arca. The new funds are the iShares MSCI Brazil Small Cap Index Fund (EWZS), iShares MSCI China Small Cap Index Fund (ECNS) and the...

Citi have tweaked their earning estimates on Legg Mason, Inc. (NYSE: LM) to reflect the net impact of refined synergy time line plus the September market impact. In a research report Citi writes "We lower our F11 (March) estimate $0.15 to $1.75 to reflect more exact accounting of upcoming expense...

Below are the top asset management stocks on the NYSE, the NASDAQ and the AMEX in terms of operating margin. The trailing-twelve-month operating margin at Sprott Resource Lending Corp O (AMEX: SILU) is 155.37%. SILU's quarterly earnings soared 76.60% y/y. The trailing-twelve-month operating margin...

State Street Corporation (NYSE: STT) announced today that it is expanding its relationship with Babson Capital Management LLC to provide investment operations and technology services. Today's announcement builds on State Street's existing relationship with Babson Capital whereby State Street has...

Here are 5 stocks added to the Zacks #1 Rank ("strong buy") List today: ACI Worldwide Inc (ACIW) The Advisory Board Co (ABCO) American Superconductor Corp (AMSC) Ameriprise Financial Inc (AMP) Arctic Cat Inc (ACAT) View the entire Zacks #1 Rank List. ADVISORY BOARD (ABCO): Free Stock Analysis...