Investment Banking & Brokerage

This is amusing.... Charles Schwab Corp. (SCHW), the largest independent brokerage by client assets, sued Bank of America Corp., Citigroup Inc. (C) and other banks claiming they manipulated the London interbank offered rate, or Libor, starting in 2007 in violation of U.S. antitrust law. The banks...

SWS Group, Inc.'s (NYSE: SWS) Board of Directors announced today that Stacy M. Hodges has been elected chief financial officer and treasurer of the company. Ms. Hodges had served as interim CFO and treasurer of SWS Group since October 2010.

The markets continue to be in a wild phase. Just this morning, Warren Buffet took a $5 billion stake in Bank of America Corp (NYSE: BAC). This deal is a sweet deal for him but caution flags must go up. The last time the Oracle of Omaha took a stake in a bank it was Goldman Sachs Group, Inc. (NYSE:...

The major stock indexes have declined faster than they rallied after the announcement of the Bank of America deal with angel investor Warren Buffett. At first, many traders and investors thought this was good news, now it is really turning out to be a negative report for the investing public. This...

This morning, the stock market is in jubilee mode over the multi-billion dollar investment in Bank of America Corp.(NYSE: BAC) by Berkshire Hathaway's Warren Buffett. Once again, the man that has profited the most from government bailout's is coming to the rescue of another failing financial...

TiVo (NASDAQ: TIVO) +17.12% on upbeat earnings reported yesterday. Zillow (NASDAQ: Z) +10.81% after reporting Q2 earnings. Morgan Stanley (NYSE: MS) +5.82% after the Bank of American deal with Warren Buffett was announced. Cavium (NASDAQ: CAVM) +7.96% after the company's COO bought 20K shares...

Once again, it goes to show you how the market always knows the truth. Bank Of America Corp.(NYSE: BAC) gets Warren Buffet as an investor this morning. This investment that was made public around 9:10 am EST, it is causing a massive short squeeze in the Bank of America stock. BAC stock is trading...

Bank of America (BAC) is flying up nearly 25% as it is being reported that Berkshire Hathaway is dropping $5B into the hole.  Ironically, Buffet has been talking to Prez Obama the past few days (on 'job creation') - I am sure no coincidence. :)  This is similar to the investment in Goldman Sachs (...

Oritani Financial (NASDAQ: ORIT) will replace optionsXpress Holdings (NASDAQ: OXPS) in the S&P SmallCap 600 index after the close of trading on Wednesday, August 31, 2011. optionsXpress Holdings is being acquired by S&P 500 constituent Charles Schwab (NYSE: SCHW) in a deal expected to be...

AM Action:  Goldman Sachs(GS), JP Morgan (JPM), Citigroup (C), Morgan Stanley (MS) targets lowered at BofA/Merrill United States Steel Corporation (X) Downgraded - JAGNote by Morgan Stanley Steel Dynamic, Inc. (STLD) Downgraded - JAGNote by Morgan Stanley Nucor Corporation (NUE) Nucor upgraded to...

Bank of America has lowered the price objective on the following banks: JP Morgan (NYSE: JPM) from $55 to $51 Citigroup (NYSE: C) from $53 to $50 Goldman Sachs (NYSE: GS) from $153 to $148 Morgan Stanley (NYSE: MS) from $26 to $25

Once again, the stock market held a major pivot point bottom and has since moved higher. This pivot point on the SPDR S&P 500 ETF (NYSE: SPY) was at $112.50. Each of the last three trading days, the markets have hit this level. Each time it has held. Today is the master pivot day. If it holds...

Stocks in Asia and Europe gained broadly on Tuesday, as weary investors jumped back into assets like industrials and miners but remained cautious of bank stocks. Japan's Nikkei index closed higher by 1.22%, with Hong Kong's Hang Seng index closing higher by 1.99%. Stocks were boosted by HSBC's...

Swiss bank UBS (NYSE: UBS) announced plans Tuesday to cut approximately 3,500 jobs in its global workforce, as the wave of cost-cutting initiatives continues through Wall Street. The layoffs are part of a measure to save the bank 2 billion Swiss francs, or about $2.5 billion. UBS expects to see...

KENT FINANCIAL SERVICES (NASDAQ: KENT) On August 22, 2011, Kent's majority owned subsidiary, Kent International Holdings, Inc. filed a Schedule 14C Preliminary Information Statement with the United States Securities and Exchange Commission in connection with a proposed "going private" transaction....