Investment Banking & Brokerage

Greenhill & Co., Inc. (NYSE: GHL) announced today that it has completed the sale of substantially all of its interests in Greenhill Capital Partners II, L.P. and its affiliated funds to certain investors advised by J.P. Morgan Asset Management and certain principals of GCP Capital Partners, for...

Greenhill & Co., Inc. (NYSE: GHL) announced today that it has completed the sale of substantially all of its interests in Greenhill Capital Partners II, L.P. and its affiliated funds to certain investors advised by J.P. Morgan Asset Management and certain principals of GCP Capital Partners, for...

There was no activity on the Merger Arbitrage front last week as no new deals were announced. Four pending deals closed. You can find all the active deals listed below in our Merger Arbitrage Tool that automatically updates itself during market hours. Deal Statistics: Total Number of Deals...

By Ilene From Phil Davis: Speculators at the NYMEX are doing it again and have NO INTENTION WHATSOEVER of accepting delivery of even 1/10th of the 367M barrels they had as open contracts last week. In fact, Wednesday (June 8) they traded their contracts 454,043 times.  It's a 123% daily churn...

Financial stocks, which have been beaten down as of late, are surging in the afternoon trading session, shrugging off earlier losses. The best performing financial stocks in the market right now are: 1) Bank of America (NYSE: BAC): Shares of Bank of America are currently trading up 2.5% from...

The bank stocks ripped higher as CNBC reported that the Federal Reserve was saying the bank capital surcharge would be around 2% to 2.5% instead of 3%. This causes a massive bounce in the markets, a buy program of sorts. This is one of the first buy programs lead by the bank stocks in months....

The Financial Sector has been the weakest performing area of the market in today's trading session, currently 1.5% lower on the day. The worst performing stocks in the S&P Financial Sector currently are: 1) Genworth Financial (NYSE: GNW): Shares of Genworth are currently trading down 3.9%...

According to CNBC's Steve Liesman, the Federal Reserve has just announced that it wants annual stress tests on the biggest banks in the country, as part of Dodd-Frank. Banks with over $50 billion in assets, such as Morgan Stanley (NYSE: MS), Citigroup (NYSE: C), and J.P. Morgan (NYSE: JPM) are the...

Gabelli is out with its report today on TD Ameritrade (NASDAQ: AMTD), maintaining Buy. In a note to clients, Gabelli writes, "We continue to recommend purchase. As a leader in the online brokerage industry, the company is well positioned to participate in the growth and consolidation of online...

Deutsche Bank is maintaining its Buy rating on shares of Morgan Stanley (NYSE: MS). “We recently had Ruth Porat, CFO of MS, present at our Global FIG Conf. She highlighted the progress that mgmt has made, as well as initiatives that remain ($1B in re-engineering, & fixed income & MSSB...

J.P. Morgan, which raised its PT on Evercore Partners Inc. (NYSE: EVR), is providing some color on the stock. “Evercore announced Tuesday night the acquisition of Lexicon Partners, a UKbased investment banking advisory boutique,” J.P. Morgan writes. “Evercore appears to have been underhitting its...

KBW is upgrading shares of Investment Technology Group (NYSE: ITG) to Market Perform, and it has a $15 price target on shares. In a note to clients, KBW writes, "We upgrade ITG to Market Perform from Underperform. At 3.1X EV-to-EBITDA and P/BV of 0.6X and with the stock down over 30% since the end...

Keefe, Bruyette & Woods has upgraded Investment Technology Group (NYSE: ITG) from Underperform to Market Perform and has established a $15 price target.

JP Morgan has raised the price target on Evercore Partners (NYSE: EVR) from $34 to $35 and maintains its Neutral rating.

On CNBC's Fast Money, Brian Kelly recommended a long position in Intrepid Potash, Inc. (NYSE: IPI). He thinks that higher corn prices will increase the demand for fertilizers. The USDA slashed its estimates for US corn harvest today. Intrepid Potash, Inc. (IPI) spiked 7.25% today, and it closed at...