-
Charles Schwab Corporation (SCHW) Reports $119 Million In First-Quarter Profit
Thursday, April 15, 2010 - 3:21pm | 115Charles Schwab Corporation (NYSE: SCHW) reported a 45% drop in first-quarter profit today. The company reported a profit of $119 million, or $0.10 per share in the first-quarter, compared with a profit of $218 million, or $0.19 per share it reported for the same period last year. Revenue fell by...
-
Goldman’s Rajat Gupta To Be Examined In Galleon Case (GS)
Thursday, April 15, 2010 - 12:41pm | 142Goldman Sachs (NYSE: GS) Group Director, Rajat Gupta, is in the crosshairs of prosecutors probing the Galleon Group case. According to Reuters, the authorities are examining whether Rajat Gupta provided Raj Rajaratnam with inside information about Goldman Sachs (GS). However, a spokesperson for the...
-
Afternoon Market Update – Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Ford (NYSE:F), Sirius (NASDAQ:SIRI), TD Ameritrade (NASDAQ:AMTD), E*Trade (NASDAQ:ETFC)
Thursday, April 15, 2010 - 12:28pm | 896Morgan Stanley (NYSE:MS) investment firm has announced a prediction for Bank of America (NYSE:BAC), predicting the American megabank’s stock is poised to rise. The price of the stock, according to Morgan Stanley’s note written to clients on Tuesday, is set to increase during the next 45 days after...
-
Afternoon Market Update – Morgan Stanley (NYSE:MS), Bank of America (NYSE:BAC), Ford (NYSE:F), Sirius (NASDAQ:SIRI), TD Ameritrade (NASDAQ:AMTD), E*Trade (NASDAQ:ETFC)
Thursday, April 15, 2010 - 12:28pm | 896Morgan Stanley (NYSE:MS) investment firm has announced a prediction for Bank of America (NYSE:BAC), predicting the American megabank’s stock is poised to rise. The price of the stock, according to Morgan Stanley’s note written to clients on Tuesday, is set to increase during the next 45 days after...
-
All Eyes on Citigroup (NYSE:C)
Thursday, April 15, 2010 - 11:50am | 677All eyes are on Citigroup (NYSE:C) this morning, which has just begun to break through the $5.00 mark. This is an important psychological mark for investors as it seems that one of the worst offenders and symbols of last year’s crash is now back in institutional trading territory. The only...
-
All Eyes on Citigroup (NYSE:C)
Thursday, April 15, 2010 - 11:50am | 677All eyes are on Citigroup (NYSE:C) this morning, which has just begun to break through the $5.00 mark. This is an important psychological mark for investors as it seems that one of the worst offenders and symbols of last year’s crash is now back in institutional trading territory. The only...
-
Heavy Volume In Acorda Therapeutics (ACOR)
Thursday, April 15, 2010 - 11:17am | 287Shares of Acorda Therapeutics (NASDAQ: ACOR) are moving higher today on heavier than normal volume. The stock has gained 1.69% and is currently trading at $38.54. In early trading, over 600,000 shares have traded hands, compared to a daily average of under 550,000. It would appear that ACOR may...
-
Rumors Swarm E*Trade
Thursday, April 15, 2010 - 11:08am | 182E*Trade Financial Corp (NASDAQ: ETFC) is shooting higher today by 7.35% to $1.83. Rumors are swirling around that TD Ameritrade may be looking at the company once again. TD Ameritrade does have a lot of cash on hand and has mentioned before that they are shopping the space for the right deal. E*...
-
Charles Schwab Corporation (SCHW) Profit Plunges 45%
Thursday, April 15, 2010 - 9:57am | 127Brokerage firm Charles Schwab Corporation (NYSE: SCHW) released an earnings report on Thursday morning that saw profits slide 45%. The Charles Schwab Corporation reported a 1st quarter profit of $119 million, or 10 cents per share, compared to $218 million, or 19 cents per share, a year earlier....
-
Company News for April 15, 2010 - Corporate Summary
Thursday, April 15, 2010 - 9:30am | 172• Fairchild Semiconductor International (NYSE:FCS) posted first quarter results one cent higher than Zacks estimates at 25 cents on revenues of $378 million, which beat projections of $372 million • Several analysts sent price targets for UPS (NYSE:UPS) higher, as the firm provided upside guidance...
-
Stock Market News for April 15, 2010 - Market News
Thursday, April 15, 2010 - 9:15am | 605Investors found plenty of reasons to send stocks rallying Wednesday. While J.P. Morgan and Intel’s better-than-estimated earnings numbers fueled expectations for a strong earnings season, a slew of positive economic data offered upbeat signals about a strengthening economic recovery. J.P. Morgan (...
-
Financial ETF: KBW Announces Changes to KBW Bank Index (BKX)
Wednesday, April 14, 2010 - 5:00pm | 202Keefe, Bruyette & Woods, Inc., a full-service investment bank that specializes in the financial services sector, and a wholly owned subsidiary of KBW, Inc. (NYSE: KBW), today announces(...)Read the rest of Financial ETF: KBW Announces Changes to KBW Bank Index (BKX) Copyright 2010 ETFDAILYNEWS....
-
Bank Bosses Urged By White House To Stop Fighting Against Financial Regulatory Bill (GS, BAC, JPM)
Wednesday, April 14, 2010 - 3:24pm | 445Bloomberg, citing people who attended last week’s White House meeting, says that top White House officials told the chief executive officers of Goldman Sachs Group Inc. (NYSE: GS), Bank of America Corp. (NYSE: BAC) and JPMorgan Chase & Co. (NYSE: JPM) to stop lobbying against a financial-...
-
JP Morgan Gives the Banks a Direction
Wednesday, April 14, 2010 - 3:22pm | 532JP Morgan Chase (JPM) today before the bell beat earnings estimates and reported a quarterly profit of $3.3 billion or 74 cents a share, compared with $2.1 billion or 40 cents a share, a year earlier. Being the first bank to report many people were looking for JPM to set the tone for what to...
-
Bank of America Names New CFO (BAC, NOC, T, MS)
Wednesday, April 14, 2010 - 1:35pm | 170Bank of America (NYSE: BAC) has named Charles Noski as its new Chief Financial Officer. According to MarketWatch, Noski was most recently CFO at Northrop Grumman Corp (NYSE: NOC). He has also worked with AT&T (NYSE: T) and Hughes Electronics Corp. His other stints include Morgan Stanley (NYSE:...