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KBW Has $33 Price Target On Piper Jaffray (PJC)
Friday, October 15, 2010 - 8:01am | 126Keefe Bruyette & Woods has a $33 price target on shares of Piper Jaffray Companies (NYSE: PJC), as the Minnesota-based investment bank is set to report earnings next week. It has a Market Perform rating on shares. In a note to clients, KBW writes, "Lowering our 3Q10 est. to $0.26 from $0.28 on...
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Yahoo Makes Sense After Buyout Talk (YHOO)
Thursday, October 14, 2010 - 3:17pm | 319Yesterday after the close of regular trading hours, the Wall Street Journal reported that a consortium including AOL (NYSE: AOL) and private equity firms Silver Lake Partners and Blackstone (NYSE: BX) were in preliminary talks to take Yahoo (NASDAQ: YHOO) private. Yahoo has apparently hired Goldman...
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Benzinga's Political Round Up
Thursday, October 14, 2010 - 12:01pm | 118The SEC has been cleared of any wrongdoing in its case against Goldman Sachs (NYSE: GS), as the report said it was not politically motivated. A report shows that the Treasury may have cost taxpayers billions of dollars in losses, by hiring Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE) to run...
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Keefe Bruyette Downs GHL To Market Perform
Thursday, October 14, 2010 - 6:22am | 50Analysts at Keefe Bruyette downgrade Greenhill & Co Inc (NYSE: GHL) from "outperform" to "market perform." The target price for GHL is set to $80. GHL shares gained 1.07% to close at $77.66 yesterday. More Analyst Ratings here
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SWS Group, Inc. Announces Resignation of CFO, Kenneth R. Hanks
Wednesday, October 13, 2010 - 5:01pm | 52SWS Group, Inc. (NYSE: SWS) announced today that Kenneth R. Hanks has resigned as the firm's chief financial officer and treasurer. Stacy M. Hodges, chief financial officer of the company's principal broker-dealer subsidiary, Southwest Securities, Inc., has been named interim CFO of SWS Group.
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Lots of Ways to Invest Like Warren Buffett
Wednesday, October 13, 2010 - 3:44pm | 726Billionaire Warren Buffett is the second richest American. As most investors know, he is the head of Berkshire Hathaway (BRK-A), the highest priced stock and one of the most successful companies during the last half-century. The company also has Class B shares (BRK-B), currently trading around 83....
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Muriel Siebert & Co., Inc., Acquires Retail Accounts of DJF Discount Brokerage
Wednesday, October 13, 2010 - 10:03am | 81Muriel Siebert & Co., Inc., a wholly-owned subsidiary of Siebert Financial Corp. (NASDAQ: SIEB), today announced the acquisition of the retail brokerage accounts of the DJF Discount Brokerage Division of Lake Success, NY-based R&R Planning Group, Ltd. Terms of the acquisition were not...
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Is Ackman Fishing for Control of JCP?
Wednesday, October 13, 2010 - 9:07am | 177Anonymous sources are reporting that JC Penney (NYSE: JCP) has hired Goldman Sachs (NYSE: GS) as an advisor. This comes just a week after Bill Ackman, along with Vornado Realty Trust (NYSE: VNO), made a sizeable investment in the retailer. Readers should note that Goldman was also hired by Target...
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Naguib Kheraj Joins Lazard as CEO of Lazard International (LAZ)
Wednesday, October 13, 2010 - 9:02am | 80Lazard Ltd (NYSE: LAZ) announced today that it has appointed Naguib Kheraj as Chief Executive Officer of Lazard International, a new position, and as a Deputy Chairman of the firm, effective 1 January 2011. Mr. Kheraj, based in London, will serve as a senior member of the global Financial Advisory...
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China's Effect on Copper
Wednesday, October 13, 2010 - 1:00am | 438LME Week is an important tradition in the global metals industry calendar that takes place each year in London during the fall. This year's event kicked off on Monday and the spotlight on industrial metals couldn't be brighter, especially for copper. With prices up around 13 percent so far this...
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Get a 5% Yield from Morgan Stanley
Wednesday, October 13, 2010 - 12:30am | 424If you are an income investor looking for high dividend stocks and are looking to diversify into investment banking stocks, you have several to choose from, but not with high yields. For example, the yield on Morgan Stanley (MS) is only about 0.8%. However, there is another safer way to invest in...
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Strength Seen In Financials Throughout The Day (GS, JPM, C, XLF)
Tuesday, October 12, 2010 - 3:02pm | 156The underlying strength in this market can be seen, despite the fact that the major averages are more or less flat on the session. In particular, the financials are trading very constructively. If you pull up the chart of the Financial Select Sector SPDR (NYSE: XLF), you can see that buying...
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Trading and Banking Trends Mixed in October, Deutsche Bank Reports
Tuesday, October 12, 2010 - 9:26am | 229In this week's Capital Markets Compass, Deutsche Bank reports that thus far the overall banking trends in October have been mixed. And that's just the beginning of the less-than-stellar news. “Trading has also been mixed thus far in October with a pickup in U.S. options, Euro Cash, and U.S. cash...
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Monday's Put/Call Ratio Leaders (PHM, AIXG, PWR, SCHW, EXEL)
Monday, October 11, 2010 - 1:41pm | 91Here is a quick peek at stocks that have abnormally high daily put/call ratios today relative to their average…. 1. PulteGroup Inc. (NYSE: PHM) 20,058 puts, 192 calls 2. Aixtron (NASDAQ: AIXG) 3,002 puts, 46 calls 3. Quanta Services Inc. (NYSE: PWR) 3,690 puts, 67 calls 4. Charles Schwab Corp. (...
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What's Hot On TheStreet
Monday, October 11, 2010 - 12:04pm | 264Here's what Benzinga's reading on our friend, TheStreet.com. What's Hot On TheStreet 72K Deceased Got Stimulus Checks In the recession, it seems some dead people are living the good life. More than 72,000 departed souls got $250 stimulus checks, according to a report by the Social Security...