Diversified Capital Markets

Stocks tumbled in the final hours of trading Thursday as cautious comments from Cisco CEO John Chambers and department store operator Kohl’s Corp.’s unimpressive outlook gave investors reason to pull money out of the market.  Absence of market-moving catalysts also weighed on sentiments even as...

Below are the top 5 large-cap financial stocks on the NYSE in terms of cash. Barclays PLC (NYSE: BCS) had $1.22 trillion of cash in the latest quarter, while its debt liabilities stood at $641.78 billion. Genpact Ltd (NYSE: G) had $340.91 million of cash and debt of $66.66 million in the latest...

US financial stocks flipped today as authorities expanded their probe into the mortgage-backed securities matter and included other banks namely, JP. Morgan & Chase & Company (NYSE: JPM), Citigroup Inc (NYSE: C), Deutsche Bank AG (NYSE: DB) and UBS AG (NYSE: UBS) into their investigations....

The New York Attorney General has launched a new probe against eight banks. The investigation will determine whether the banks supplied misleading information to rating agencies and thereby influenced the credit rating for some of their mortgage securities. The probe is likely to cover prominent...

The New York Stock Exchange has imposed fines on three firms. These firms are Goldman Sachs (NYSE: GS), UBS (NYSE: UBS) and Cantor Fitzgerald. The Exchange has also disciplined two individuals on various counts. In its monthly regulatory report, NYSE has disclosed that it imposed a $450,000 fine on...

Stocks closed sharply higher Wednesday, erasing last week’s steep losses, as Spain announced sweeping measures to curtail spending and debt-strapped European countries’ problems showed signs of easing.  A slew of positive economic data and IBM’s increased profit outlook added to bullish sentiments...

Western Gas Partners, LP (NYSE: WES) today announced that it has priced its public offering of 4M common units representing limited partner interests. Western Gas Partners has granted the underwriters a 30-day option to purchase up to 600,000 additional common units. The common units were offered...

Wal-Mart Inc. (NYSE: WMT) is in talks with Russian retailer Lenta about a possible acquisition. The U.S. retail giant has been trying to enter the buoyant Russian market. Reuters has quoted a source as saying, “It is fair to say that at this point there has been some information exchanges and some...

FOX business is reporting breaking news that the government has ramped up its investigation of Wall Street’s sale of toxic securities during the financial crisis to include firms other than Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS). Sources tell FOX Business that the Securities and...

In an article on CNBC, analysts Mark Hake, the president of Hake Investment Research and Kevin Mahn, the chief investment officer of Hennion & Walsh, have advised investors on how to derive benefits from the weakening euro resulting by the European debt crisis. According to Hake, investors...

Deutsche Bank (NYSE: DB) has said that the European banks holding Greek sovereign debt may be asked to take a ‘haircut’ on their lending, which would mean a loss from 50 billion to 75 billion euros. Deutsche bank itself has low direct exposure to Greek debt but can face losses from the spillover...

• Fluor (NYSE:FLR) reported better-than-expected first quarter earnings of 76 cents.  Revenue was $4.9 billion, which fell shy of Street estimates of $5.1 billion. • Legg Mason (NYSE:LM) posted fiscal fourth quarter earnings, which were 4 cents better-than-expected, at 39 cents.  Revenue was $671...

Shares of the PowerShares DB US Dollar Index ETF (NYSE: DB) are on the rise this morning by 0.23% as money pours into the U.S. Dollar once again. One trader is making a large bet that this rise will continue, but only up to a point. The June $24/25 1x2 call spread was purchased 20x by 40x a short...

UBS AG’s (NYSE: UBS) Wealth Americas brokerage said that its ranks of American financial advisers fell another 3% during the quarter, to 6,867. According to Reuters, UBS (UBS) lost 1,900 brokers in the last year. This reduction in numbers has created a unique problem for the brokerage firm - the...

Another year is in the books here at the University of Michigan, but European leaders are getting no such rest, as the sovereign debt crisis contagion is spreading from Greece and the periphery into the core (sov debt crises are proving to be more contagious than chicken pox). As we speculated, the...