Investment Banking & Brokerage

Mitsubishi UFJ Financial Group, Inc. (MUFG) (NYSE: MTU) and Morgan Stanley (NYSE: MS) today announced that they have entered into an agreement to convert MUFG's outstanding convertible preferred stock in Morgan Stanley into Morgan Stanley common stock. Under the terms of the transaction, MUFG...

It's a story of earnings beats and revenue beats, which should make Wall Street happy this morning, as all the heavy hitters beat earnings this morning. General Electric (NYSE: GE) reported earnings of 33 cents per share on revenues of $38.4 billion. This compared to Wall Street estimates of 28...

Shares of E*Trade Financial Corp (NASDAQ: ETFC) surged about 3.5% after the company reported upbeat Q1 earnings. ETFC reported a net profit of $45 million, or $0.16 per share, versus a loss of $48 million, or $0.25 per share, in the year-ago period. The company's revenue came in at $537 million....

KBR Inc (NYSE: KBR) was upgraded by KeyBanc Capital from "hold" to "buy." KBR's shares closed at $36.73 yesterday. KBR's trailing-twelve-month revenue is $9.96 billion. Ticonderoga upgraded Charles Schwab Corporation (NYSE: SCHW) from “neutral” to “buy.” SCHW's shares closed at $18.59 yesterday....

TradeStation Group Inc (NASDAQ: TRAD) shares surged 31.31% to $9.73 in the pre-market session. Monex Group announced its plans to acquire TRAD for around $411 million. Biogen Idec Inc (NASDAQ: BIIB) shares advanced 15.47% to $99.96 in the pre-market session. BIIB reported upbeat Q1 results. F5...

Goldman Sachs is out with a research report on E-Trade Financial (NASDAQ: ETFC) after it reported earnings after the bell last night. It raised its price target to $19 from $18. In a note to investors, Goldman writes, "E*Trade: solid credit and brokerage continue to surprise E*Trade posted...

Pre-open movers US stock futures are higher this morning, after upbeat results from Apple Inc (NASDAQ: AAPL). Investors are awaiting earnings reports from several companies and data on jobless claims. Futures on the Dow Jones Industrial Average gained 67 points to 12,463.00 and futures on the S...

Morgan Stanley (NYSE: MS) Reports Q1 EPS of $0.46 vs. $0.34; Revenues $7.64B vs. $7.73B

Goldman's (NYSE: GS) Kostin says technology earnings to keep momentum.

US stock futures are higher this morning, after upbeat results from Apple Inc (NASDAQ: AAPL). Investors are awaiting earnings reports from several companies and data on jobless claims. Futures on the Dow Jones Industrial Average gained 53 points to 12,449.00 and futures on the S&P 500 stock...

Advanced Micro Devices Inc (NYSE: AMD) is expected to report its Q1 EPS at $0.05 on revenue of $1.61 billion. McDonald's Corp (NYSE: MCD) is projected to post its Q1 EPS at $1.14 on revenue of $6.00 billion. General Electric Co (NYSE: GE) is projected to post its Q1 EPS at $0.28 on revenue of $34...

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...