-
Goldman Expects More Unconventional Easing, Cuts Growth Forecast (GS)
Friday, August 6, 2010 - 1:18pm | 143Economists at Goldman Sachs (NYSE: GS) announced today a cut in economic growth forecasts, as well as another round of unconventional easing, perhaps another round of quantitative easing following a weak July jobs report. Chief economists Jan Hatzius and Ed McKelvey said they expect growth in GDP...
-
Zacks Analyst Blog Highlights: Goldman Sachs, Morgan Stanley, Citigroup, Bank of America and JPMorgan - Press Releases
Friday, August 6, 2010 - 9:48am | 1301For Immediate Release Chicago, IL – August 06, 2010 – Zacks.com Analyst Blog features: Goldman Sachs Group Inc. (GS), Morgan Stanley (MS), Citigroup Inc. (C), Bank of America Corporation (BAC) and JPMorgan Chase & Co. (JPM ). Here are highlights from Thursday’s Analyst Blog: Goldman May Divest...
-
Zacks Bull and Bear of the Day Highlights: Biogen Idec, Eastman Kodak, Morgan Stanley, Goldman Sachs and Allstate Corporation - Press Releases
Friday, August 6, 2010 - 9:48am | 1803For Immediate Release Chicago, IL –August 06, 2010 – Zacks Equity Research highlights: Biogen Idec (BIIB) as the Bull of the Day and Eastman Kodak Company (EK) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Morgan Stanley (MS), Goldman Sachs (GS) and Allstate...
-
Citi Raises $3B from Notes Sale - Analyst Blog
Friday, August 6, 2010 - 9:47am | 635Citigroup Inc. (C) sold $3 billion of notes earlier this week. The company conducted the sale in two parts. The first tranche was $2.25 billion of new notes due on August 9, 2020, with a coupon rate of 5.375%. The second tranche was of $750 million, consisting of the reopening of notes due May 19...
-
PNC Gains $750M Through Notes Sale - Analyst Blog
Friday, August 6, 2010 - 9:44am | 670PNC Financial Services Group Inc.’s (PNC) subsidiary, PNC Funding Corp., has raised $750 million by selling senior notes. The notes carry a coupon rate of 4.375% and mature on August 11, 2020. The offer size exceeded the initially planned $500 million. Bank of America Corp. (BAC) and J.P. Morgan...
-
Goldman Prop Traders To Move Into Asset Management Division (GS)
Thursday, August 5, 2010 - 3:12pm | 79Fox Business Network's Charlie Gasparino is reporting that Goldman Sachs (NYSE: GS) is preparing to move its proprietary traders to asset management as early as tomorrow. The move is designed to help the firm comply with FinReg, which limits the amount of risk taking activity a firm can take with...
-
Social Security Still in Good Shape - Analyst Blog
Thursday, August 5, 2010 - 2:43pm | 1559This morning the annual report on the Social Security trust fund was finally released (it normally comes out in April). To read it in full see here, but a word of warning -- it's very long. Here are the key findings: “The projected point at which the combined Trust Funds will be exhausted comes in...
-
GS May Divest Proprietary Trading - Analyst Blog
Thursday, August 5, 2010 - 1:53pm | 756Goldman Sachs Group Inc. (GS) is planning to spin off some or all of its proprietary trading businesses this month in order to abide by new regulations, according to a report on CNBC yesterday. The decision to spin off the proprietary trading businesses followed the regulatory reform bill that...
-
Calls Purchased on MF Global (MF)
Thursday, August 5, 2010 - 1:35pm | 135Shares of MF Global Holdings Ltd. (NYSE: MF) are higher on the session by 9.72%, currently trading at $7.34. The stock is popping today after the company beat the Street EPS consensus by $0.14; they also beat on revs. Options traders are buying calls on the name today as well. The September $6.00...
-
BGCP To Pay Stable Dividend Going Forward
Thursday, August 5, 2010 - 1:31pm | 125Analysts at Keefe Bruyette maintain their "outperform" rating on BGC Partners Inc (NASDAQ: BGCP), while raising their estimates for the company. The target price for BGCP is set to $8. Keefe Bruyette says, “BGCP beat our and consensus estimates on lower compensation ratio, which management said...
-
Morgan Stanley Hiring Bankers For Clean Energy Group (MS)
Thursday, August 5, 2010 - 8:42am | 156Morgan Stanley (NYSE: MS) is the lead investment bank when it comes to clean energy IPO's and it is looking to push that lead even further writes Bloomberg. Morgan Stanley is hiring Robert Mansley from Credit Suisse (NYSE: CS) in London and Schuyler “Skip” Grow, from Lazard (NYSE: LAZ) in New York...
-
Financial Reform: CRE Buying Opportunity?
Thursday, August 5, 2010 - 6:00am | 589Paul Vlocker - The Financial Reformist With the financial reform bill signed into law just a couple of weeks ago, I am interested to see how the legislation will change the landscape for major commercial real estate investors. The new law puts constraints on investment banks’...
-
Goldman Sachs to Spin Off Proprietary Trading Unit This Month? (GS)
Wednesday, August 4, 2010 - 3:45pm | 223Goldman Sachs (NYSE: GS) could spin off at least part of its proprietary trading operations as early as this month to comply with new financial regulations, according to people familiar with the matter. CNBC.com's Kate Kelly was the first to report. A couple of possibilities are on the table,...
-
How to Get a 6% Yield from Chesapeake Energy
Wednesday, August 4, 2010 - 3:42pm | 468If you like the natural gas and oil sector, and you like the prospects of Chesapeake Energy Corp. (CHK), especially with its forward PE ratio of 8 and 1.02 PEG ratio, but you are still concerned about the stock market, why not consider some of the Chesapeake Energy convertible preferred stocks?...
-
BofA Spins Off Private Equity Firm - Analyst Blog
Wednesday, August 4, 2010 - 12:21pm | 543Bank of America Corporation (BAC) has spun off its private equity wing Banc of America Capital Investors to form Ridgemont Equity Partners. Ridgemont will manage a portfolio of about $1.5 billion or approximately 23% of BofA’s private equity portfolio as of June 30, 2010. The decision to spin...