Investment Banking & Brokerage

This morning, the major financial stocks are trading higher leading the major stock indexes higher. Before the opening bell, J.P. Morgan Chase & Co.(NYSE: JPM) reported earnings that were better than expected. The earnings news seems to be well received by traders and investors as the stock is...

GFI Group Inc. (NYSE: GFIG) announced today that it has agreed to sell $250 million aggregate principal amount of 8.375% Senior Notes due 2018 in a private offering to qualified institutional buyers pursuant to Rule 144A and to certain persons in offshore transactions pursuant to Regulation S,...

International banks have initiated plans to cut expenses broadly, and employees of two major banks, UBS (NYSE: UBS) and Credit Suisse (NYSE: CS), appear to be on the chopping block. Two Swiss newspapers reported Thursday that UBS is planning to cut 5,000 jobs, while Credit Suisse will cut 1,000....

Stocks trading at or near 52-week highs and lows provide excellent trading opportunities, as volatility tends to increase at such levels. The following stocks hit new 52-week highs in Wednesday's trading session (listed from highest total volume to lowest): 1) SPDR Gold Shares (NYSE: GLD):...

As the markets shoot higher on QE3 prospects, many stocks are outperforming or look ready to blast higher. Let's take a look at a few. First, notice how the U.S. Dollar is collapsing today. This is helping commodity stocks rocket higher. Chevron Corporation (NYSE: CVX) is trading at $106.29, +1.90...

Here are today's Put/Call Ratio leaders… 1. Meritor (NASDAQ: MTOR) 3,583 puts, 60 calls 2. Taiwan Semiconductor (NYSE: TSM) 15,796 puts, 271 calls 3. Repligen (NASDAQ: RGEN) 3,000 puts, 60 calls 4. E*Trade Financial (NASDAQ: ETFC) 3,735 puts, 75 calls 5. Allscripts Healthcare Solutions (NASDAQ:...

By Justin Rohrlich The executive director of Massachusetts' Clean Power Now says we need to stop talking and start doing. The US Interior Department released a preliminary assessment yesterday which found little expected environmental impact from 354,000 proposed acres of wind farms off the coast...

Shares of E*TRADE Financial (NASDAQ: ETFC) are higher on the session by 1.66%, trading at $13.47. Overall put volume is now running at 5.33x the daily average, with 0% of all puts traded being purchases on the offer. 3,570 contracts have traded on the session so far. E*TRADE Financial...

Transcept Pharmaceuticals Inc (NASDAQ: TSPT) dipped 40.98% to $5.07 at 10:05 am. TSPT reported that it expects a second rejection letter from the US Food and Drug Administration. Bank of the Carolinas Corporation (NASDAQ: BCAR) fell 12.96% to $1.44. BCAR'S trailing-twelve-month profit margin is -...

Wedbush, which lowered its PT on shares of Investment Technology Group (NYSE: ITG), is providing some color on the stock. “We believe that ITG is well positioned to benefit from a return of cash equity trading volumes to growth,” Wedbush writes. “Nevertheless, we believe volumes are likely to...

GFI Group Inc. (NYSE: GFIG) announced today that, subject to market and other conditions, it intends to offer senior notes. The offering will be made by means of an offering memorandum to qualified institutional buyers pursuant to Rule 144A and to certain persons in offshore transactions pursuant...

Deutsche Bank reiterated its buy rating on Morgan Stanley (NYSE: MS). At the same time, the rating agency left its price target on the company's stock unchanged at $34. On Tuesday, MS lost 1.67% of its value to finish the day at $21.22. Its shares recovered some of yesterday's losses in today's pre...

KBW is out with its report today on Investment Technology Group (NYSE: ITG), maintaining Market Perform. In a note to clients, KBW writes, "After market close, ITG announced it is launching a cost reduction plan in 3Q11 that should decrease 2012 expenses by over $20 million or ~$0.30 per share....

Wedbush Securities has lowered the price target on Investment Technology Group (NYSE: ITG) from $15 to $13 and maintains its Neutral rating.

Below are the top diversified investments stocks on the NYSE in terms of cash. Goldman Sachs Group Inc (The) (NYSE: GS) had $817.31 billion in total cash and $493.55 billion in total debt for the latest quarter. IntercontinentalExchange Inc (NYSE: ICE) had $694.26 million in total cash and $524....