Investment Banking & Brokerage

Another gambling post? Yep, you better believe it! For some reason I have been fixated on gambling and the whole thought process behind the bets and wagers that people make. It really is an interesting topic to explore if you have any free time, or you could just watch professional poker on ESPN....

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 Tuesday's trading session (listed from highest total volume to lowest): 1) Adventrx Pharmaceuticals (NYSE: ANX...

Investment Technology Group, Inc. (NYSE: ITG) today announced a cost reduction plan to improve margins and enhance shareholder returns in the face of continued weakness in institutional equity trading volumes in the U.S. and Europe. The cost reduction plan is primarily focused on employment,...

It's time to get ready for Citigroup (NYSE: C) earnings! Don't be caught off-guard: The company releases its next round of earnings this Friday, July 15, 2011. Wondering what to expect from Citigroup's latest earnings numbers? We thought so. Here's an advanced look at the company's second quarter...

It is time to get ready for JPMorgan Chase (NYSE: JPM) earnings! Don't be caught off-guard: The company releases its next round of earnings this Thursday, July 14, 2011. Wondering what Wall Street is thinking ahead of JPMorgan Chase's latest earnings numbers? Get the latest predictions in our...

Bank of America has lowered the price objective on KBW Inc. (NYSE: KBW) from $20 to $18 and maintains its Underperform rating.

Cisco Systems, Inc. (NASDAQ: CSCO), the leader in networking equipment, is considering cuts to its workforce that could number as many as 10,000 people, two people familiar with the matter told Bloomberg. The proposed cuts, which could amount to 14% of its workforce, would be enacted in order to...

VelocityShares Daily 2x VIX Short Term ETN (NYSE: TVIX) spiked 17.06% today, and closed at $19.16 on Monday. TVIX traded higher today on euro zone worries. Direxion Daily Emerging Markets Bear 3x Shares(ETF) (NYSE: EDZ) traded 8.47% higher, and closed at $18.44. Itau Unibanco Holding SA (ADR) (...

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 Monday's trading session (listed from highest total volume to lowest): 1) BioSante Pharmaceuticals (NASDAQ: BPAX...

Wall Street is a sea of red as the major stock indexes are getting pummeled. The NASDAQ Composite is trading lower by over 2.0 percent, this index is leading the decline. The U.S. Dollar Index is trading sharply higher today and this is certainly helping to deflate the major stock indexes. When the...

J.P. Morgan Chase & Co. is maintaining its Neutral rating on shares of Biogen Idec (NASDAQ: BIIB). In a note to clients, J.P. Morgan Chase & Co. writes, "This morning Sanofi (Covered by JPM European Healthcare analyst Alexandra Hauber) announced top-line data from the phase 3 CARE-MS 1...

The stock market is falling hard today. The SPDR S&P 500 ETF (NYSE: SPY) is trading at $132.36, -2.04 (-1.52%). This massive drop in stocks is mostly due to fears over Italy. After Greece received its aid package bailout just two weeks ago, the next domino has started to fall. Spain and...

Rodman & Renshaw, LLC, a subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM), today announced that Michael G. King, Jr., has rejoined the firm in the position of Managing Director and Senior Biotechnology Analyst, bringing his extensive sell-side experience as a biotechnology...

Cowen Group, Inc. (NASDAQ: COWN) today announced that its Board of Directors approved a share repurchase program that authorizes the Company to purchase up to $20 million of Cowen's Class A common shares from time to time.

Investment Technology Group, Inc. (NYSE: ITG) today announced that June 2011 US trading volume was 4.2 billion shares and average daily volume was 192 million shares. This compares to 4.2 billion shares and ADV of 199 million shares in May 2011 and 4.2 billion shares and ADV of 191 million shares...