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Goldman Sachs, J.P. Morgan Pay $1 Billion+ to Britain (GS, JPM)
Thursday, August 12, 2010 - 2:41pm | 210Goldman Sachs (NYSE: GS) and J.P. Morgan (NYSE: JPM) are set to pay more than $1 billion to the British government as part of its new 50% tax on banker bonuses. Goldman Sachs has set aside $600 million and J.P. Morgan has set aside $550 million. CNBC.com's John Carney notes, however, that "Since...
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Covered Call Traded on Charles Schwab (SCHW)
Thursday, August 12, 2010 - 11:32am | 145Shares of Charles Schwab Corp. (NYSE: SCHW) are higher on the session by 0.41%, currently trading at $14.72. The stock has been moving largely lower over the past four months, off from recent highs near $20.00. One options trader is betting that the stock can make a bit of a rally from these...
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Morgan Stanley Charged by FINRA - Analyst Blog
Thursday, August 12, 2010 - 10:37am | 826On August 10, investment banking giant Morgan Stanley (MS) was accused by the Financial Industry Regulatory Authority (FINRA) for delivering independent research disclosure requirements that were not up to the required standards. As a result, the company was fined approximately $0.8 million for...
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Goldman Sachs Makes Adjustment To its Conviction Buy List (CME, CBG, BKD, BX, SPG)
Thursday, August 12, 2010 - 10:19am | 167Goldman Sachs (NYSE: GS) is out with a research report this morning, where it makes adjustments to its Conviction Buy List. Some of the companies added to the list, solidifying GS’s bullishness on the names, include: • Brookdale Senior Living Inc. (NYSE: BKD): note that this stock was seeing...
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Company News for August 12, 2010 - Corporate Summary
Thursday, August 12, 2010 - 10:07am | 470• After yesterday's close, Cisco (NASDAQ: CSCO) reported fiscal fourth quarter adjusted earnings of 43 cents a share as revenues increased 27% to $10.84 billion, just below Zacks estimates at $10.86 billion. The company said it sees first-quarter revenue of $10.62 billion to $10.82 billion, an 18-...
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Zacks Analyst Blog Highlights: Goldman Sachs Group, American International Group, Wendy's/Arby's Group, McDonald's and Burger King Holdings - Press Releases
Thursday, August 12, 2010 - 9:19am | 1544For Immediate Release Chicago, IL – August 12, 2010 – Zacks.com Analyst Blog features: Goldman Sachs Group Inc. (GS), American International Group Inc. (AIG), Wendy’s/Arby’s Group, Inc. (WEN) McDonald’s Corp. (MCD) and Burger King Holdings Inc. (BKC ). Here are highlights from Wednesday’s Analyst...
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Stop Trading Recommendation From Cramer – Boeing Is Hot!
Thursday, August 12, 2010 - 9:00am | 177Jim Cramer appeared pretty bullish on Boeing (NYSE: BA) on Wednesday in his Stop Trading! segment on CNBC. Goldman Sachs (NYSE: GS) upgraded Boeing’s status from “neutral” to “buy,” but Cramer wishes to see more bullish activity on the trading front. Cramer added that Boeing suppliers such as...
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Sources: AIG Talking to Big Investors on AIA IPO
Thursday, August 12, 2010 - 8:40am | 236American International Group Inc (NYSE: AIG) has started talks with potential investors to sell stakes in its Asian life insurance business AIA ahead of AIA's planned IPO, sources with direct knowledge of the matter said. Several financial investors, including Temasek Holdings, China Investment...
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China Investment Corp. Sells 1.6 MM Shares of Morgan Stanley (MS)
Wednesday, August 11, 2010 - 4:35pm | 55In a Form 4 filling posted after the bell on Wednesday, China Investment Corporation reported that it sold 1.6 million shares of Morgan Stanley (NYSE: MS) on August 8th, 2010 for an average price of $27.42. The transaction totaled $43,872,000. China Investment Corp. now owns 150,782,379 shares of...
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Schwab Keeps ETFs Commission-Free - Analyst Blog
Wednesday, August 11, 2010 - 3:37pm | 580Charles 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...
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Goldman Reveals Derivatives Revenue - Analyst Blog
Wednesday, August 11, 2010 - 3:10pm | 630Goldman Sachs Group Inc. (GS) has revealed that 25% to 35% of its total revenue is gained from derivatives businesses, according to a report in The Wall Street Journal. The disclosure came in response to a request by the Financial Crisis Inquiry Commission (FCIC) related to its probe into the...
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Benzinga’s Volume Movers (ASCA, JAZZ, HMIN, MATK)
Wednesday, August 11, 2010 - 2:10pm | 202Ameristar Casinos Inc (NASDAQ: ASCA) shares gained 12.83% to $16.36 at 12:07 pm. The volume of ASCA shares traded was 564% higher than normal. ASCA has hired an investment bank Lazard (NYSE: LAZ) to help in the sale of its 8 US casinos. Jazz Pharmaceuticals Inc (NASDAQ: JAZZ) shares moved up 8.47%...
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Keefe, Bruyette, & Woods Reiterates Outperform on Stifel Financial (SF)
Wednesday, August 11, 2010 - 10:05am | 149Keefe, Bruyette, & Woods is out with a research report this morning, where it reiterates its Outperform rating on Stifel Financial (NYSE: SF); it has a $60.00 price target on the stock. The KBW analysts cited the company’s recent earnings report, which was solid by all accounts. The analysts...
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Goldman Downgraded to Underperform - Analyst Blog
Wednesday, August 11, 2010 - 9:35am | 1318We have downgraded our recommendation on Goldman Sachs Group Inc. (GS) to Underperform from Neutral following the company’s second quarter earnings release. Our decision is based on the negative impact of the new financial regulatory reform on the company’s business model, its fundamentals and its...
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Zacks Bull and Bear of the Day Highlights: AMERCO, Goldman Sachs, Wal-Mart , Target and Toyota - Press Releases
Monday, August 9, 2010 - 5:53pm | 1662For Immediate Release Chicago, IL –August 09, 2010 – Zacks Equity Research highlights: AMERCO (UHAL) as the Bull of the Day and Goldman Sachs (GS) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Wal-Mart (WMT), Target (TGT) and Toyota (TM). Here is a synopsis of all...