Investment Banking & Brokerage

It couldn't have happened to a nicer group of economic parasites. Goldman Sachs (NYSE: GS), the investment bank/probable criminal cabal, announced this week a reduction in bonuses by nearly 9% — a rare "no" from the parent company to its spoiled, overpaid children. In a world with nearly 20%...

KBW reiterated its Outperform rating on TD Ameritrade Holding (NASDAQ: AMTD). At the same time, the rating agency left its price target on the company's stock unchanged at $24. On Tuesday, AMTD closed the day at $18.39. Its shares added 4.68% to their value in today's pre-market trading to stand...

Gabelli & Co. is out with a research report on TD Ameritrade (NASDAQ: AMTD) and is lowering its estimates on the company. It has a Buy rating on shares. In a note to clients, Gabelli & Co. writes, "We are lowering our 2011E and 2012P EPS estimates to $1.10 and $1.40, from $1.20 and $1.50...

KBW reiterated its Outperform rating on Goldman Sachs (NYSE: GS). At the same time, the rating agency reduced its price target on the company's stock to $185. On Tuesday, GS closed the day at $128.49. Its shares added 0.11% to their value in today's pre-market trading to stand around $128.63.

Mediobanca Securities is out with a research report on Goldman Sachs (NYSE: GS) after the bank reported earnings yesterday. It has a Underperform rating and a $129 price target on shares. In a note to clients, Mediobanca Securities writes, "Goldman Sachs announced net income for Q2 2011 of US$1,...

Altria Group Inc (NYSE: MO) is expected to report its Q2 EPS at $0.53 on revenue of $4.43 billion. QUALCOMM Incorporated (NASDAQ: QCOM) is projected to report its Q3 EPS at $0.71 on revenue of $3.59 billion. eBay Inc (NASDAQ: EBAY)is projected to report its Q2 EPS at $0.46 on revenue of $2.61...

Cusick's Corner GS reports bad numbers, the market goes up -- that is strong. Finance continues to lag the market, but one thing that traders and investors cannot ignore is that when rates do move, money will cycle into this sector. At this stage the conviction is in Tech and traders are waiting...

The markets are in rally mode as fear is fading around the globe. Earnings are giving investors a fresh reason to buy the markets and the Dollar is dropping. Yesterday, International Business Machines Corp. (NYSE: IBM) reported solid quarterly results. This morning, more great reports emerged from...

Doug Kass tweeted that he is selling his E-Trade (NASDAQ: ETFC) position on the rumor that Carl Icahn may be making an activist investment in the company. At last check, shares of ETFC are up 45 cents to $12.93, a gain of 3.5%.

This morning, some of the leading financial stocks have caught bids higher and some are still looking like fish out of water. Goldman Sachs Group Inc.(NYSE: GS), and Bank of America Corp.(NYSE: BAC) both reported earnings today before the opening bell. These two financial giants have been very weak...

A comment from the Goldman Sachs (NYSE: GS) conference call shows that the article written earlier this morning may in fact be spot on about Goldman losing its luster. The company is saying that it is not as effective managing the volatility intra-quarter as it has been in the past.

Doug Kass tweeted that he is buying Goldman Sachs (NYSE: GS) at $125.50. Kass made the purchase in pre-market trading and said, "what is being missed in bad qtr is that the co is buying nearly 20% of the shares in buyback program."

Keefe, Bruyette & Woods has published a research report on Charles Schwab & Co. (NYSE: SCHW) In the report, Keefe, Bruyette & Woods wrote, "SCHW reported 2Q11 EPS of $0.20, beating our expectations and consensus. Revenues were above our estimate by 2.3%, primarily on higher net...

Harley-Davidson Inc (NYSE: HOG) reported a strong rise in its second-quarter net income and lifted its forecast of shipments for the full year. HOG's quarterly profit increased to $190.6 million, or $0.81 per share, from $71.2 million, or $0.30 per share, in the year-ago quarter. Its revenue...

Goldman Sachs (NYSE: GS) reported disappointing earnings this morning, with a Q2 EPS of $1.85 vs. $2.27 and revenues of $7.28 billion vs. $8.14 billion. This news comes just one day after Goldman Sachs hit a new 52-week low at $128.29. Following today's announcements, the company's shares continued...