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Good Profits From Wells Fargo And Morgan Stanley Support Rise In The Market (WFC, MS, INDU, SPX, COMP)
Wednesday, October 21, 2009 - 12:30pm | 107As Wells Fargo (NYSE: WFC) and Morgan Stanley (NYSE: MS) start showing signs that the administration’s Economic Stimulus Plan is working as the market is showing signs of recovery. Market Indices gained as they were backed by better than expected earnings from banks. The Dow Jones industrial...
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Morgan Stanley (MS) Says Prime Brokerage Profitability Returning
Wednesday, October 21, 2009 - 11:38am | 19Morgan Stanley (NYSE: MS) CFO says profitability is returning to its prime brokerage division.
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Earnings Surprises (NVR, NTRS, PJC, ATI, STJ)
Wednesday, October 21, 2009 - 10:34am | 325NVR, Inc. (NYSE: NVR) on Wednesday said its third-quarter net income rose to $72.1 million, or $11.59 a share, from $36.6 million, or $6.12 a share, in the third quarter last year. Home-building revenue fell to $792.5 million from $928.3 million. NVR is up 3.61% to $692.90. Northern Trust...
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Financial stocks in Focus (MS, WFC, USB, SLM)
Wednesday, October 21, 2009 - 10:18am | 219Morgan Stanley (NYSE: MS) rallied 5.84% to $34.42 after it reported income for the third quarter ended September 30, 2009 of $757 million, or $0.38 per diluted share, compared with a loss of $159 million, or $1.37 per diluted share for the second quarter. Investment banking helped beat street...
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Morgan Stanley (MS) CFO Says Firm Making Enormous Progress
Wednesday, October 21, 2009 - 8:37am | 40On Morgan Stanley's conference call (NYSE: MS), the CFO is saying the firm is making enormous progress, the market is repairing itself. Morgan Stanley is trading up 2% in the pre-market after reporting earnings this morning.
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Today’s Earnings Preview (BA, MS, WFC, EBAY, LLY, MO)
Wednesday, October 21, 2009 - 4:31am | 168The Boeing Company (NYSE: BA) is expected to report a loss of $2.12 a share in the third quarter, according to analysts surveyed by Thomson Reuters. Morgan Stanley (NYSE: MS) is expected to report third-quarter earnings of 29 cents a share, according to analysts surveyed by Thomson Reuters. Wells...
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UBS Raised Apple's (AAPL) Price Target To $280
Tuesday, October 20, 2009 - 4:48pm | 94Apple Inc.'s (AAPL) good earnings report persuaded UBS analysts to lift the price target for its stock to $280 from a previous $265. They believe in greater recurring iPhone hardware revenue. Morgan Stanley (NYSE: MS) raised their estimate for Apple (AAPL) at $230 from previous $210. They think...
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Invesco Reports Results For The Third Quarter
Tuesday, October 20, 2009 - 10:15am | 90Invesco (IVZ) reported diluted third quarter EPS of $0.24, with a revenue of $706M vs. $687M for the last quarter. Its shares sold at +3.6% in premarket session. Invesco has also announced the Morgan Stanley's (MS) retail asset management business and Van Kampen Investments. “As the markets...
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The Most Dangerous Stocks In The Market
Sunday, October 18, 2009 - 11:02pm | 640The brilliance of Wall Street's investment banks is never more evident than through the bonuses at Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS). The arcane and complex world of high finance taught the foreigners to lower Manhattan an invaluable lesson as the dust settled from the market...
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Morgan Stanley Hedge Fund Increases Stake in United Western Bancorp Inc. (UWBK)
Thursday, October 15, 2009 - 10:06pm | 147A federal bank regulator revealed the acquisition of a 9.9 stake in United Western Bancorp Inc. (NASDAQ: UWBK) by FrontPoint Partners, Morgan Stanley's (NYSE: MS) hedge fund unit. Morgan Stanley got the approval to retain 9 percent and acquire a 9.9 percent interest in the Denver Bank’s stock. The...
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Market Little Changed As Financials Down and Oil Up (USO, IEZ, XLF, GS, C, JPM)
Thursday, October 15, 2009 - 3:59pm | 142As the market in general hangs around the flat line (the S&P 500 and DOW are marginally higher while the NASDAQ is slightly lower) financials and oil are experiencing significant moves. Financials, after rising yesterday as JPMorgan (NYSE: JPM) reported positive earnings, are falling today....
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Even Alan Greenspan Thinks the Banks Have Become Too Large
Thursday, October 15, 2009 - 12:57pm | 1483You know we've reached code red "Outrageous" when even "hands off" Alan Greenspan believes the top banks have become too large. As many sensible people have said, anything that is "too big to fail" is TOO big period. At least if you are trying to back up your national dogma and run a "capitalist...
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Bookkeeping: Some Sales
Thursday, October 15, 2009 - 11:13am | 951We have a very obvious gap formed yesterday morning that we have to ask "when" does it get filled? This morning Goldman Sachs (GS) obliterated analyst estimates... surely *I* for one was surprised (ahem). But everyone expected this and the stock did not surge for the 85th out of 93rd session in a...
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Goldman Sachs (GS) David Viniar Says He Wishes People Would Focus On Business
Thursday, October 15, 2009 - 8:36am | 32On Goldman Sachs (NYSE: GS) conference call, Goldman Sachs' CFO David Viniar says he wishes people would focus more on the business and less on the bonuses.
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Goldman Sachs (GS) David Viniar Says Q4 Underwriting Calender Is Robust
Thursday, October 15, 2009 - 8:25am | 26On the Goldman Sachs (NYSE: GS) conference call this morning, Goldman Sachs CFO David Viniar says Q3 underwriting calender is robust.