Investment Banking & Brokerage

Gas prices are rising swiftly and many consumers are seeing prices of $3.50 or more at the pump. Many analysts are projecting that oil may rise above $4 a gallon over the next few weeks, and experts are divided on what is causing a run-up in prices. Some believe that it is speculation while others...

Management Dynamics, a leading provider of Global Trade Management (GTM) solutions, today announced that Goldman, Sachs & Co. (NYSE: GS) has invested in the company. Gene Yoon, a Managing Director at Goldman, Sachs & Co., has also joined Management Dynamics' Board of Directors.

Deutsche Bank is out with its report today on Goldman Sachs (NYSE: GS), maintaining Buy. In a note to clients, Deutsche Bank writes, "We recently met with David Viniar (CFO) and Tim O'Neill (Co-Head of I.M.) at Goldman Sachs, and during the meeting we hit on some of the key topics weighing on the...

Goldman Sachs is out with its report today on TD Ameritrade (NASDAQ: AMTD), raising its price target from $23 to $24. In a note to clients, Goldman Sachs writes, "We raise our 12-month P/E derived price target to $24 (from $23) on the back of our increased FY2012 estimates. Our price target...

The financial sector was the leading indicator for the rally today. This was clearly seen as the markets sold sharply for the first twenty minutes of the day before reversing to the upside dramatically. As the markets were selling into the 10:00am ET time frame, Goldman Sachs Group, Inc. (NYSE: GS...

Citi reports that while it expects Morgan Stanley (NYSE: MS) to see improvement in fixed income trading, “the challenges are large and expect it will take longer than expected to see meaningful increase in fixed income trading revenue share.” “With the stock trading at slightly less than 1.0x our...

Keefe Bruyette & Woods has a Market Perform rating and a $73 price target on shares of Stifel Financial (NYSE: SF). In a note to clients, KBW writes, "We spent two days with Stifel's CEO Ron Kruszewski last week and we continue to believe that Stifel represents a solid growth story in the...

The yellow metal was slightly higher today. All eyes are on oil. Oil prices went above $105 and could rally further on: Intensified fighting in Libya Investors worried about a protracted export suspension in Libya Political contagion in the Middle East, a region with more than 60% of the world'...

The yellow metal was slightly higher today. All eyes are on oil. Oil prices went above $105 and could rally further on: Intensified fighting in Libya Investors worried about a protracted export suspension in Libya Political contagion in the Middle East, a region with more than 60% of the world'...

The yellow metal was slightly higher today. All eyes are on oil. Oil prices went above $105 and could rally further on: Intensified fighting in Libya Investors worried about a protracted export suspension in Libya Political contagion in the Middle East, a region with more than 60% of the world'...

Southwest Securities, Inc. has entered into a Letter of Acceptance, Waiver and Consent with the Financial Industry Regulatory Authority to settle allegations involving violations of Municipal Securities Rulemaking Board rules between October 2006 and April 2009. Under the AWC, Southwest accepts...

Morgan Stanley (NYSE: MS) has canceled its Libyan oil trading contracts, which could be the start of further sanctions for the country. The firm cited the cancellation as a result of it being "due to the OFAC," which is the U.S. Office of Foreign Assets Control. This office controls trade...

Cowen Group, Inc.'s (NASDAQ: COWN) GAAP EPS of $0.06 was “ahead of our $0.05 est. on stronger investment income from various trading strategies,” KBW reports. “Total revs. of $101 mil. up 44% y/y as mgmt fees and incentive income rose, investment banking was flat and brokerage revs. declined,” KBW...

MF Global Holdings Ltd. (NYSE: MF) today announced several appointments within the firm's senior management team: Bradley Abelow, the firm's current global chief operating officer (COO), will assume the additional role of president; and Henri Steenkamp, the firm's current chief accounting officer...

Below are the top large-cap investment brokerage-national stocks on the NYSE and the NASDAQ in terms of earnings estimate for the next quarter. The earnings estimate for CME Group Inc (NASDAQ: CME) for the June quarter is $4.24 per share. CME's trailing-twelve-month operating margin is 60.94%....