Asset Management & Custody Banks

Dynegy Inc. (NYSE: DYN) today announced that it has entered into a definitive merger agreement pursuant to which it will be acquired by an affiliate of The Blackstone Group L.P. (NYSE: BX) in a transaction valued at approximately $4.7 billion, including the assumption of existing debt. Under the...

Keefe Bruyette says, “After the close on Wed. 8/11, S&P announced weekly sharecount changes that will be effective after the close on Wed, 8/18. S&P is decreasing the sharecounts of Legg Mason Inc. (NYSE: LM) in the S&P 500 Index and Fair Isaac Corp. (NASDAQ: FICO) in the S&P 400...

Legg Mason Inc. (LM) reported preliminary month-end assets under management (AUM) of $659.3 billion for the month of July, up 2.0% from $645.4 billion at the end of the prior month having declined marginally in June from May. The company has recorded a rise in AUM after two consecutive months of...

Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet 5 Don'ts of Debt Management Debt is daunting. Fortunately, there are many debt-management counselors there to help when you're in over your head. Unfortunately, there are some debt-settlement companies out to...

Bank of New York Mellon (NYSE: BK), the world's largest custodian bank, plans to double the staff at its BNY Mellon Western Fund Management Co. unit, the company's China venture, after winning approval to do business in the world's biggest country. In July, BNY Mellon became the first fund...

Charles Schwab Corp. (SCHW), a big player in the fast-growing exchange traded fund (ETF) market, does not intend to change its commission-free trading policy on its ETFs, Reuters reported on Tuesday.   This commission-free trading along with low expense ratio-based core assets will continue to...

J.P.Morgan Chase & Co. is raising its price target to $34 from $30 on Eaton Vance (NYSE: EV) given strong market returns in the third quarter, and it is raising earnings estimates as well. In the report J.P.Morgan Chase & Co. notes, "We think that Eaton Vance generated about $3.0 bn of...

Franklin Resources Inc. (BEN) reported preliminary month-end assets under management (AUM) of $602.9 billion by the company's subsidiaries for the month of July, up 5.7% from $570.5 billion as of June 30, 2010. Assets under management improved 25.0% from $482.4 billion on a year-over-year basis...

Shares of Northern Trust Corp. (NASDAQ: NTRS) are flat on the session, currently trading at $49.00. The stock has been moving largely lower over the past four months, off from recent highs near $59.00. Options traders are buying calls on the name today. The September $55 call was purchased 4,000...

Last week, Charles Schwab Corporation (SCHW) announced the launch of three new bond Exchange-Traded Funds (ETFs). This will increase the tally of Schwab’s total ETFs to 11. Previously the company had 8 Equity ETFs. The new bond ETFs are expected to offer coverage to short-term, intermediate-term...

Leucadia National Corporation (LUK) reported its financial results for the second quarter of 2010. The company generated a net loss of $244.7 million, or $1.01 per share during the quarter compared with net earnings of $411.0 million, or $1.67 per share in the second quarter of 2009. The decline...

Oppenheimer & Co. said it sees positives in the earnings report released yesterday from private equity firm Fortress Investment Group (NYSE: FIG). There were a multitude of factors that gave hope to Oppenheimer when it looked through Fortress's report. It said the credit funds were largely the...