Investment Banking & Brokerage

Some of the stocks that may grab investor focus today are: Wall Street expects General Electric Co (NYSE: GE) to report its Q1 EPS at $0.28 on revenue of $34.64 billion. GE shares gained 0.78% to $20.56 in after-hours trading. Apple Inc (NASDAQ: AAPL) reported a 95% jump in its FQ2 earnings. The...

Raymond James Financial (NYSE: RJF) Reports EPS $0.64 vs. $0.62 Estimate; Revenues $866.7M vs. $824.49M Estimate.

E*TRADE Financial (NASDAQ: ETFC) Reports EPS $0.16 vs. $0.11 Estimate; Revenues $387.46M vs. $388.54M Estimate E*TRADE Financial Corporation (NASDAQ: ETFC) today announced results for its first quarter ended March 31, 2011, reporting net income of $45 million, or $0.16 per share, compared with a...

The Goldman Sachs Group (NYSE: GS) reported Q1 EPS of $1.56, nearly doubling the consensus estimate for a $0.82 per share profit. Revenues for the quarter were down 7% year-over-year to $11.89 billion, but were well above the consensus estimate of $10.18 billion. Lloyd C. Blankfein, Chairman and...

While the markets are surging higher today, financial stocks are weak on the back of earnings from Wells Fargo & Company (NYSE: WFC). The company reported net income that rose 51% but revenue fell. Revenue dropped to $20.3 billion from $21.5 billion. This was mostly due to lower mortgage fees...

Citi is out with its report today on Goldman Sachs Group (NYSE: GS), maintaining Buy. In a note to clients, Citi writes, "We rate the shares of Goldman Sachs Group Buy/HighRisk (1H). We view Goldman Sachs as a well managed franchise and believe its strong capital base and leading global position...

KBW is out with its report today on Goldman Sachs Group (NYSE: GS), maintaining Outperform. In a note to clients, KBW writes, "Goldman's results were above expectations partly driven by strong trading, including an elevated contribution from Investment and Lending. However, both Institutional...

Cree Inc (NASDAQ: CREE) dipped 6.15% to $38.30 in the pre-market session. CREE reported downbeat Q3 results and issued weaker-than-expected Q4 projections. ProShares UltraPro Short QQQ (NASDAQ: SQQQ) fell 4.84% to $25.19 in the pre-market session. Adobe Systems Incorporated (NASDAQ: ADBE) moved...

Piper Jaffray (NYSE: PJC) Reports EPS $0.38 vs. $0.52 Estimate; Revenues $124.8M vs. $140M Estimate

Abbott Laboratories (NYSE: ABT) is expected to report its Q1 EPS at $0.90 on revenue of $8.81 billion. Nasdaq OMX Group Inc (NASDAQ: NDAQ) is estimated to post its Q1 earnings at $0.61 per share on revenue of $408.73 million. Altria Group Inc (NYSE: MO) is estimated to post its Q1 earnings at $0....

Abbott Laboratories (NYSE: ABT) is expected to report its Q1 EPS at $0.90 on revenue of $8.81 billion. Nasdaq OMX Group Inc (NASDAQ: NDAQ) is estimated to post its Q1 earnings at $0.61 per share on revenue of $408.73 million. Altria Group Inc (NYSE: MO) is estimated to post its Q1 earnings at $0....

S&P lowered its outlook on U.S. debt, saying the gridlock in Washington may cause the ratings agency to lower its rating on US debt if nothing is done about the deficit. Seeing as S&P was so right about the ratings in 2008 on any number of products, makes sense they are right now. End...

It is usually Goldman Sachs (NYSE: GS) doing the downgrading, but the banking giant got a taste of its own medicine this morning as the company was cut from Buy to Neutral by Rochdale Securities analyst Richard Bove. The price target was also slashed from $188 to $163. The downgrade comes despite...

On CNBC's "Fast Money Half Time Report," Steve Cortez said that he likes Goldman Sachs (NYSE: GS) down at these levels, and will be buying shares of Goldman if it continues to remain in the $140's level. Cortez said that the company will be able to make money from its principal investments, just...

The markets opened slightly higher today after Tim Geithner defended the U.S. credit rating. He expressed his belief that there is "no risk the U.S. would lose its AAA credit rating". This helped weaken the Dollar and lift the futures for a positive open. After the SPDR S&P 500 ETF (NYSE: SPY)...