Investment Banking & Brokerage

As expected, JPMorgan Chase & Co. (JPM) and Morgan Stanley (MS) have received the approval for setting up securities businesses through joint ventures (JVs) in mainland China from the China Securities Regulatory Commission (CSRC). This was separately announced by these two banks on Thursday...

• Citigroup (NYSE:C) is reportedly looking for  a buyer for its CitiFinancial Unit for as much as $1 billion • Goldman Sachs (NYSE:GS) has added Diamond Offshore (NYSE:DO) to its Conviction Buy List, upgrading the shares from a "selling" rating previously held, with a target price of $85 • Morgan...

• Citigroup (NYSE:C) is reportedly looking for  a buyer for its CitiFinancial Unit for as much as $1 billion • Goldman Sachs (NYSE:GS) has added Diamond Offshore (NYSE:DO) to its Conviction Buy List, upgrading the shares from a "selling" rating previously held, with a target price of $85 • Morgan...

Shares of Borders Group, Inc. (NYSE: BGP) are 17% higher in pre-market trading on reports yesterday that the company is in talks with Jefferies (NYSE: JEF) about a potential restructuring of the company, as it hopes to stave off bankruptcy. Shares of Agree Realty Corporation (NYSE: ADC) were also...

Bill Luby from the Vix And More blog stumbled across what I think can be very useful if it catches on. The Chicago Board Option Exchange will start calculating a VIX like index for five individual stocks. Specifically a "VIX" will be calculated for Amazon (AMZN), Apple (AAPL), Google (GOOG),...

The New York Times DealBook is reporting that Facebook is looking to go public in 2012, according to the memorandum prospectus Goldman Sachs (NYSE: GS) gave to prospective investors. Facebook had revenues and net income sharply higher in 2010 than in 2009. In 2010, it had revenues of $2 billion,...

Merriman Capital, Inc., a wholly owned subsidiary of Merriman Holdings, Inc. (Nasdaq: MERR), today announced that it has hired key managing director positions in institutional sales. The new team members include: Lee Gatewood, managing director, was most recently at Green Square Capital Advisors...

Shares of MF Global Holdings (NYSE: MF) are higher on the session by 2.05%, currently trading at $8.95. The stock has been moving largely higher over the past six months and is currently trading above the 50-day and 200-day moving averages. Options traders are buying calls on the name today. A...

  Reports released yesterday showed a three times jump over economists' expectations regarding job creation in the private sector in December 2010. Positive data from the Institute of Supply Management also boosted investors' confidence. Additionally, on a sectoral basis, the financial sector led a...

• Constellation Brands (NYSE:STZ) reported fiscal third quarter earnings of $0.66, ahead of the Zacks Consensus Estimate of $0.61, on revenues of $966 million lower than the Zacks Consensus Estimate of $987 million • Oppenheimer has upgraded ExxonMobil (NYSE:XOM) from "market-perform" to "...

• Constellation Brands (NYSE:STZ) reported fiscal third quarter earnings of $0.66, ahead of the Zacks Consensus Estimate of $0.61, on revenues of $966 million lower than the Zacks Consensus Estimate of $987 million • Oppenheimer has upgraded ExxonMobil (NYSE:XOM) from "market-perform" to "...

  Reports released yesterday showed a three times jump over economists' expectations regarding job creation in the private sector in December 2010. Positive data from the Institute of Supply Management also boosted investors' confidence. Additionally, on a sectoral basis, the financial sector led a...

It's a new year, and analysts are adjusting their opinions on stocks and sectors.  This week, Goldman Sachs (NYSE:GS) expressed a bit of optimism on the newly resuscitated General Motors (NYSE:GM), initiating coverage on the stock with a “buy” rating. The covering analyst set a 12-month price...