Investment Banking & Brokerage

The SEC is considering civil fraud charges against some credit-rating companies for participating in the development of bad mortgage-bond deals, the Wall Street Journal is reporting Friday, citing people familiar with the matter. The people said that ratings agencies, including Standard & Poor...

Shares of Goldman Sachs (NYSE: GS) are off their highs of the session, up $1.02 to $135.93, a gain of 0.8%. Shares had touched a high of $136.89 earlier in the session. If the financials can not hold on to their gains, then we could see a similar move to what we saw yesterday. The financials did...

The Board of Directors of The Goldman Sachs Group, Inc. (NYSE: GS) today announced the election of Debora L. Spar as an independent director of the firm effective immediately. Dr. Spar's election expands the Board to 11 directors, nine of whom are independent directors. Dr. Spar will be a member...

Intel Corp.(NASDAQ: INTC) has come under some serious downgrades from several leading brokerage firms recently. On May 20, 2011 the stock was downgraded by Goldman Sachs Group(NYSE: GS) to sell from neutral. This morning Intel stock was downgraded again by FBR Capital to market perform. The chart...

Shares of E*TRADE Financial Corporation (NASDAQ: ETFC) are higher on the session by 1.61%, trading at $13.74. Overall call volume is now running at 2.45x the daily average, with 0% of all calls traded being purchases on the offer. 8,268 contracts have traded on the session so far. E*TRADE...

E*TRADE Financial Corporation (NASDAQ: ETFC) today released its Monthly Activity Report for May 2011. Daily Average Revenue Trades for May were 153,943, a four percent decrease from April and a 22 percent decrease from the year-ago period. The company ended the month with approximately 2.8...

Doug Kass tweeted that he thinks the highs of the day are in, with the financial complex "deteriorating." Kass cited the moves lower in Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS) and Bank of America (NYSE: BAC).

Wells Fargo has initiated coverage on E*TRADE Financial (NASDAQ: ETFC) at Market Perform. Read more here.

Wells Fargo has initiated coverage on E*TRADE Financial (NASDAQ: ETFC) at Market Perform.

The Charles Schwab Corporation (NYSE: SCHW) released its Monthly Market Activity Report today. Company highlights for the month of May 2011 include: Net new assets brought to the company by new and existing clients in May 2011 totaled $9.4 billion. Total client assets were $1.67 trillion as of...

Goldman Sachs is out with its report today on Evercore Partners (NYSE: EVR), lowering its PT from $43 to $42. In a note to clients, Goldman Sachs writes, "We lower our 2Q and 2011/2012/2013 EPS estimates to $0.42 and $1.60/$2.50/$3.20 from $0.57 and $1.85/$2.60/$3.30 to reflect guidance, the...

3 offerings last night Broadsoft, Inc. (BSFT) Announced its intention to offer, subject to market and other conditions, $100 million principal amount of convertible senior notes due 2018 in a private offering Danaher Corp. (DHR) To Offer 17.5M Shares - Trading arounf par - Ill be intrested to see...

Evercore Partners Inc. (NYSE: EVR) announced today that the company and certain of its stockholders have commenced a public offering of an aggregate of 4,775,632 shares of Evercore's Class A common stock. Evercore intends to use its proceeds from the offering to fund the initial cash payments...

The Financial Sector is one of the strongest areas of the market in today's trading session, currently 0.46% higher on the day. The best performing stocks in the S&P 500 Financial Sector currently are: 1) Citigroup (NYSE: C): Shares of Citigroup are currently trading up 1.9% from Friday's...

By Jared S. Rosenbaum So the market declines 7 out of 8 days in June, drops about 9% straight with the exception of a small up day, and finally...FINALLY, people seem to notice that there is some weakness in the market and perhaps the overall economy. I actually didn't even feel this until...