Investment Banking & Brokerage

Piper Jaffray is out with a research report on Acorda Therapeutics (NASDAQ: ACOR) and is lowering its price target to $28 from $30, and it has a Neutral rating on shares. In a note to clients, Piper Jaffray writes, "Acorda reported a 2Q11 GAAP net loss per share of ($0.01), compared to the Street...

BGC Partners (NASDAQ: BGCP) today announced that it has closed the private offering of $160 million in aggregate principal amount of its 4.50 percent convertible senior notes due 2016.

BGC Partners, Inc. (NASDAQ: BGCP) today announced that it has closed the private offering of $160 million in aggregate principal amount of its 4.50 percent convertible senior notes due 2016. The initial purchasers exercised their option to purchase $25 million in aggregate principal amount of...

According to a tweet from @markflowchatter, bullish action in Dynavax Tech (NASDAQ: DVAX) may be based on an upcoming meeting the firm has with Goldman Sachs (NYSE: GS) on Tuesday. This article may include mentions of rumors, chatter, or unconfirmed information. Readers should beware that while...

This morning, the major stock market indexes are trading higher after a debt ceiling resolution was announced yesterday. The debt ceiling deal still needs to pass a critical vote in the U.S. Congress. Many traders and investors have already taken profits at the open this morning on any long...

Bank of America Merrill Lynch is out with its report today on Morgan Stanley (NYSE: MS), maintaining Neutral. In its report, Bank of America Merrill Lynch writes, "MS is a strong global cap. mkts. franchise, with added consistency from its Wealth Management unit. Despite investment to faciliate...

KBW is out with its report today on GFI Group (NASDAQ: GFIG), downgrading GFIG from Outperform to Market Perform. In its report, KBW writes, "We downgrade GFIG to Market Perform from Outperform, with 13% upside to our new 12-month price target of $5, 13.5X our lower 2012 EPS estimate of $0.37....

SWS Group, Inc. (NYSE: SWS) today announced the completion of its $100 million capital raise with Hilltop Holdings Inc. (NYSE: HTH) and Oak Hill Capital Partners. The capital will be used to address asset quality issues at its banking subsidiary, Southwest Securities, FSB, and for other corporate...

Europe's largest bank, HSBC Holdings PLC (NYSE: HBC), announced Monday a cost-saving initiative to cut 30,000 jobs from its workforce by 2013. First half earnings were announced, with the bank reporting net income of $9.22 billion. Commercial Banking profits were up 31% for the half, but the deep...

A couple things to get excited about? You better believe it! First of all, Shark Week on the Discovery channel is beginning today! Well, last night to be exact. Anyway, I have no idea why I get so excited about these educational shows about sharks , but I do know that millions of other people love...

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels and exit/entry points become more clearly defined. The following stocks hit new 52-week highs in Friday's trading session (listed from highest total volume to...

According to Reuters own @Lauren LaCapra, there is a serious brain drain going on at Goldman Sachs Group Inc's (NYSE: GS), the likes of which the bank has not seen in some time. There has been several who have left the North American government bonds and derivatives trading desk over the past few...

For thirty years, Republicans have behaved exactly like dolls with pull strings. Tug on the back, and they repeat, without fail, "we need to cut taxes on businesses so they can create jobs". Likewise, for thirty years, Democrats have tried to tell Republicans that this is a terrible idea. "Reality...

Bank of America has published a report on Morgan Stanley (NYSE: MS) after an interview with the CEO of the Global Wealth Management and Investment Management sectors. In the report, Bank of America wrote, "We met with Greg Fleming, CEO of MS Global Wealth Management (GWM) and Investment Management...

Goldman Sachs made a number of updates on the market structure sector in a research report published today. Evercore Partners (NYSE: EVR) had its rating reiterated at Buy. At the same time, its price target was maintained at $42. On Thursday, EVR added 0.41% to its value to finish the day at $29....