Investment Banking & Brokerage

E*TRADE Financial Corporation (NASDAQ: ETFC) reported fourth quarter earnings that badly missed Wall Street estimates. For the fourth quarter, E-Trade reported a loss of 11 cents per share, versus Wall Street estimates of 4 cents per share. Revenue for the quarter was $518 million, versus...

Greenhill & Co., Inc. (NYSE: GHL) today reported revenues of $278.3 million and net income available to common stockholders of $34.5 million for the year ended December 31, 2010. Diluted earnings per share were $1.12 for the year ended December 31, 2010. The Firm's 2010 revenues compare with...

E*TRADE Financial Corporation (NASDAQ: ETFC) today announced results for its fourth quarter ended December 31, 2010, reporting a net loss of $24 million, or $0.11 loss per share, compared with net income of $8 million, or $0.03 income per share, in the prior quarter and a net loss of $67 million,...

Piper Jaffray Companies (NYSE: PJC) shares are skyrocketing today, gaining almost 12% after the Minnesota-based investment bank reported better than expected earnings for the fourth quarter. The company reported earnings of 97 cents per share, excluding items, well above the 47 cents per share Wall...

Rodman & Renshaw, LLC, a wholly owned subsidiary of Rodman & Renshaw Capital Group, Inc. (NASDAQ: RODM), announced that it acted as exclusive placement agent and advisor to its client 22nd Century Group, Inc. (OTC: XXII.ob) completed merger with 22nd Century Limited, LLC. Shares of 22nd...

Markets closed almost flat yesterday after erasing losses ahead of President Obama's State of Union speech, scheduled for later in the day. Late-day buying helped the markets gained slightly before the close.   On Tuesday, the markets closed almost flat after erasing early losses due to...

Markets closed almost flat yesterday after erasing losses ahead of President Obama's State of Union speech, scheduled for later in the day. Late-day buying helped the markets gained slightly before the close.   On Tuesday, the markets closed almost flat after erasing early losses due to...

Merck KGaA (MKGAF) recently said that the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) upheld its negative recommendation related to the approval of cladribine for the treatment of relapsing-remitting multiple sclerosis (MS). In September last year,...

Merriman Holdings, Inc. (Nasdaq: MERR), today announced that Jack Thrift has been hired as chief financial officer of the holding company and broker-dealer, Merriman Capital, Inc., effective Monday, January 24, 2011. Thrift replaces Peter V. Coleman, who will continue to work for Merriman on a...

Jefferies (NYSE: JEF) announced today the appointment of Yvonne J. Downs as Chief Operating Officer of Jefferies Futures Division. She will work closely with Patrice Blanc, President of Jefferies Futures Division, who was previously CEO of Newedge Group and joined the firm in October 2010 to start...

Piper Jaffray Companies (NYSE: PJC) today announced net income of $9.4 million, or $0.49 per diluted common share, for the fourth quarter ended Dec. 31, 2010. These results were reduced by $0.48 per diluted common share, due to a $9.1 million after-tax charge ($9.5 million pre-tax), substantially...

Merck KGaA (MKGAF) recently said that the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use (CHMP) upheld its negative recommendation related to the approval of cladribine for the treatment of relapsing-remitting multiple sclerosis (MS). In September last year,...

Waters Corporation (WAT) released its fourth quarter earnings before the market opened today, reporting earnings from continuing operation of $1.38, above the Zacks Consensus Estimate of $1.31. Earnings in the quarter increased by 23% from $1.12 in the third quarter of 2009. The company's...

Waters Corporation (WAT) released its fourth quarter earnings before the market opened today, reporting earnings from continuing operation of $1.38, above the Zacks Consensus Estimate of $1.31. Earnings in the quarter increased by 23% from $1.12 in the third quarter of 2009. The company's...

Shares of Morgan Stanley (NYSE: MS) just hit new intra-day lows. The stock is currently trading down 2.45% at $29.02. Around 9 million MS shares have traded hands on the session. During the last month, MS has jumped 5.87%, but is up only 4.61% over the last year, badly lagging the performance of...