Investment Banking & Brokerage

Shares of E*Trade Financial (NASDAQ: ETFC) are currently higher on the session by 2.11%, trading at $11.63. The stock was bludgeoned during the recent sell off, which took shares down from $16.66 to $10.66 in a little over a week (that's a -36% move). Prior to the sell off, shares had been...

By Michael Comeau Today marks the 30th anniversary of the IBM (IBM) Personal Computer. On August 12th, 1981, IBM held a press conference at New York City's Waldorf Astoria hotel to unveil the IBM 5150. On that day, $1,565, or about $3,900 in today's dollars, bought you a system unit, keyboard...

This morning, the leading bank stocks are all trading higher on the session. This move in the large financial stocks is giving investors and traders confidence to step in and buy the major stock indexes. When the large financial stocks decline or trade lower it is a sign that confidence is eroding...

Major U.S. Indexes have come well off of their highs of the day, and the move seems to be being led by the area of the market which fueled yesterday's monstrous rally – financials. Despite overall market strength, the financials have been a drag in today's session, with many major names posting...

Morgan Stanley Private Equity and Denver-based Sterling Energy have announced a strategic partnership to form Sterling Investment Holdings. The new entity will build and acquire gas pipelines and other midstream assets in Colorado and North Dakota. Sterling Investment acquires substantially all...

J.C. Penney Company Inc (NYSE: JCP) is projected to report its Q2 EPS at $0.06 on revenue of $3.91 billion. China TransInfo Technology Corp (NASDAQ: CTFO) is expected to report its Q2 EPS at $0.10 on revenue of $32.48 million. Conmed Healthcare Management Inc (AMEX: CONM) is estimated to report...

Direxion Daily Real Estate Bull 3X (ETF) (NYSE: DRN) gained 16.00% on Thursday as Simon Property Group, Inc (NYSE: SPG) traded 6.15% higher, and Vornado Realty Trust (NYSE: VNO) jumped 5.84%. Direxion Daily Emerging Markets Bull 3x Shares(ETF) (NYSE: EDC) added 15.76%, and closed at $22.92. Vale (...

I suppose the short answer would be that one is nearly 100 years old, is worth some money (but not too much), is past her prime, is seemingly on television every day and is lucky to be alive...and the other is Betty White. Aah, yes. Betty White. I came across her name while researching for a...

The markets are surging higher on the back of pure and simple technical analysis. While the media will point to a lowering of fear in Europe, the fact is the bottom in the market was in two days ago. On Tuesday the Dow Jones Industrial Average staged a 700 point reversal. Then Wednesday the Dow...

All eyes are on the large financial stocks these days. After all, these financial giants have lead the markets lower since the spring of 2011. Obviously, the large financial stocks lead the stock markets. Today, the large financial stocks are trading higher on the session and this is helping the...

KBW reiterated its Outperform rating on Stifel Financial (NYSE: SF). At the same time, the rating agency left its price target on the company's stock unchanged at $44. On Wednesday, SF lost 9.51% of its value to finish the day at $25.88. Its shares continued to slide in today's pre-market trading,...

Direxion Daily Russia Bull 3x Shares (NYSE: RUSL) lost 23.28%, and closed at $18.79 on Wednesday. RUSL closed at $18.79, and it had a volume of 49K traded shares. Direxion Daily Financial Bull 3X Shares (ETF) (NYSE: FAS) dropped 17.46% in the regular trading session, and it closed at $12.48. In...

We are deeply disappointed by the misplaced action taken against us by the SEC. We will vigorously defend ourselves and believe we will prevail on the merits of the case. The SEC's case against Stifel (NYSE: SF) is centered around the issues of suitability and alleged misstatements. With...

The markets are down sharply on the day. Europe continues to be experiencing a bank collapse. This mirrors the issues experienced in the United States in 2008. Yesterday, the Dow Jones Industrial Average surged 700 points off the lows of the day in the last two hours of trading. However, today the...

Doug Kass tweeted that he is buying a slew of financials this morning, contrary to what everyone else is doing. Kass tweeted that he is buying Prudential (NYSE: PRU) at $49, Goldman Sachs (NYSE: GS) at $114 and MetLife (NYSE: MET) at $32.50.