Investment Banking & Brokerage

Micron Technology Inc (NASDAQ: MU) dipped 3.07% to $6.00 in the pre-market session. MU shares have dropped 14.86% over the past 52 weeks, while the S&P 500 index has gained 4.59% in the same period. Carnival Corporation (NYSE: CCL) lost 2.48% to $31.05 in the pre-market session. CCL shares...

With tumultuous global markets wreaking havoc on investors and policymakers alike, many eyes have turned to the U.S. Federal Reserve to restore confidence. If the FOMC's statement Tuesday is any indication, investors could be in for an interesting few years. The Fed announced that it would keep...

The bi-winning Fed opened its mouth and now committed to two years of record low interests rates, and continued to say that they would act, i.e. QE3 or other tools, if necessary. The stock market reacted positively and reversed a 180 points loss in the Dow to a 430 points gain in ~90 minutes...

Stifel Financial Corp. (NYSE: SF) announced preliminary plans today to purchase its current headquarters building at 501 North Broadway in downtown St. Louis, including office expansion and the addition of 225 jobs over the next three years. Terms were not disclosed.

BGC Partners, Inc. (NASDAQ: BGCP) today announced the launch of BGC Environmental Brokerage Services following the acquisition of Cantor Fitzgerald's North American environmental brokerage business CantorCO2e, L.P. Established in 1992, CantorCO2e is a leading environmental brokerage company that...

KBW is out with its report today on Stifel Financial (NYSE: SF), lowering its PT to $44. In its report, KBW writes, "The $359 mil. in net revenue was a $0.01 beat to our estimate but was more than offset by higher expenses. The difference between reported and operating was $41.8 mil. in litigation...

TD Ameritrade Holding Corporation (NASDAQ: AMTD) today announced Company metrics for July 2011. Monthly activities included: An average of 364,000 client trades per day in July 2011, up 11 percent from July 2010 and up 9 percent from June 2011. Approximately $412.5 billion in total client...

Fossil Inc (NASDAQ: FOSL) dipped 8.93% to $85.51 in the pre-market session. FOSL issued weaker-than-expected third-quarter profit projections. E*TRADE Financial Corporation (NASDAQ: ETFC) lost 3.93% to $10.50 in the pre-market session. ETFC shares have dropped 28.66% over the past 52 weeks, while...

E*TRADE Financial Corporation (NASDAQ: ETFC) today announced that its Board of Directors formed a new special committee, composed entirely of independent directors appointed within the last three years, with respect to the previously announced review of strategic alternatives. The committee, which...

I'll bet Facebook and Zynga are glad they haven't gone public yet. LinkedIn (NYSE: LNKD) is among the many tech companies taking significant losses following today's unparalleled crisis. As of this writing, the popular social networking has been hit by an 18% decline. Granted, LinkedIn was...

Wedbush is out with a research report on Investment Technology Group (NYSE: ITG) and it has a Neutral rating and a $13 price target on shares. In a note to clients, Wedbush writes, "We believe that ITG is well positioned to benefit from a return of cash equity trading volumes to growth....

This morning, the major stock indexes have opened sharply lower to start the day. All of the leading sectors are trading down except the large financial stocks. The too big to fail financial stocks have actually rallied right from the opening bell. Traders should remember that the financial stocks...

Further extending a tiresome issue in many shareholders minds, American International Group (NYSE: AIG) is expected to file a civil lawsuit against Bank of America (NYSE: BAC) over hundreds of mortgage-backed securities. Citing three people familiar with the matter, the New York Times is reporting...

Priceline.com Inc. (NASDAQ: PCLN) soared today after the travel-website reported better than expected earnings. William Shatner somewhere is smiling. He still can't act, but nonetheless, smiling. Some Goldman Sachs Group Inc (NYSE: GS) prime brokerage clients were unable to access information...

Jan Hatzius, the prestigious economist at Government, err Goldman Sachs (NYSE: GS) came out with a report this morning and told us to expect some kind of QE3 announcement when the Federal Reserve meets next week. This is from his note this morning, thanks to ZeroHedge: "We have lowered our...