Diversified Capital Markets

Following last Friday’s lawsuit against Goldman Sachs (NYSE: GS), the Securities and Exchange Commission (SEC) is now eying other Wall Street firms also, which turned subprime mortgages into complex securities. According to LA Times, following the Goldman lawsuit, the SEC is now looking at similar...

According to some sources, a troubled Morgan Stanley (NYSE: MS) real estate fund has won a 60-day extension with lenders, including Citigroup (NYSE: C). MS has to pay back about $2.4 billion in loans used in a hotel investment in Japan. UBS (NYSE: UBS) has settled a lawsuit related to a $2.7...

 • Microsoft (NASDAQ:MSFT) reported after the close with results of 45 cents up from estimates of 42 cents versus 33 cents a year ago, with revenues up 6.2%, to $14.5 billion, versus Street estimates of $14.47 billion • Amazon (NASDAQ:AMZN) posted earnings of 66 cents versus last year's 41 cents...

President Obama is coming to Wall Street today to ‘talk tough’ and show America who’s the boss. If our President wants to truly gain any sort of credibility with the American public, he should immediately address the points I raised in a recent interview with Ilene from Phil’s Stock World. Regular...

• Analysts at Deutsche Bank (NYSE:DB), Barclays (NYSE:BCS) and Thomas Weisel raised price targets and iPhone sales estimates for Apple (NASDAQ:AAPL) following last night's blowout earnings and sales report. Apple posted better-than-estimated earnings of $3.33 per share on revenues of $13.5 billion...

The $7 billion hedge fund, Magnetar Capital LLC, has been reported to have profited in 2007 from bets that the sub-prime housing market will collapse. However, in a letter to clients, Magnetar has said that it has not helped banks in the creation of mortgage-linked investments “built to fail”....

Bloomberg reports that prompted by the surge in profits, economists are revising their growth estimates and it seems now that the recovery will be V-shaped. Joseph LaVorgna, chief U.S. economist at Deutsche Bank (NYSE: DB) in New York, said, “Companies have a lot more capital, and they’re going to...

In its seventh annual list of America’s top 100 financial advisors, Barron’s has rated Morgan Stanley Smith Barney’s, which is a division of Morgan Stanley (NYSE: MS), Brian Pfeifler as the No. 1 advisor in the country. According to Barron’s, the main challenge for financial advisors this year...

Regional and independent brokerage firms are gaining traction in the U.S. wealth management space. According to a report released by consulting firm Aite Group, the top four brokerage firms employ 12% of the industry’s 451,000 financial advisors. The Big 4 also have cornered 38% of $12.4 trillion...

The Wall Street Journal reports that following the lawsuit filed by the SEC on Friday against Goldman Sachs (NYSE: GS), the regulator is now probing mortgage deals put together by other Wall Street firms. The lawsuit filed by the SEC on Friday blamed Goldman of misleading investors by selling them...

Now that Goldman Sachs (GS) is in the crosshairs of the SEC, what other companies might soon face increased scrutiny? Bank of America (BAC) may also face a fraud investigation because of two firms acquired during the crisis: Countrywide and Merrill Lynch. According to Dutch bank Cooperatieve...

Despite reports showing a rise in home construction and permits for future building, stock futures point to a lower opening. Investor sentiments are being weighed down by lower-than-expected earnings from Google (NASDAQ: GOOG) and Advanced Micro Devices (NYSE: AMD). S&P futures fell 0.47%....

Shares of financial institutions have dropped in trading following the lawsuit filed by the SEC against Goldman Sachs (NYSE: GS). In its lawsuit, the SEC has alleged that Goldman Sachs mislead investors and made profit at their expense. Goldman was down 13.65% to $159.12 in trading. Shares of...

NeoPhotonics, a California-based maker of components for telecom networks, said it has filed plans for a $115 million IPO. The number of shares and a price range for the offering were not disclosed. In 2009, the company lost $7.1 million, down from a loss of $28.5 million in 2008. Revenue rose to...

Despite reports showing a rise in home construction and permits for future building, stock futures point to a lower opening. Investor sentiments are being weighed down by lower-than-expected earnings from Google (NASDAQ: GOOG) and Advanced Micro Devices (NYSE: AMD). S&P futures fell 0.47%....