-
J.P. Morgan Near Settlement On CDO Case (JPM)
Friday, May 6, 2011 - 11:35am | 95According to a report from the Wall Street Journal, J.P. Morgan (NYSE: JPM) announced it was in "advanced discussions" with the Securities and Exchange Commission to settle an ongoing investigation regarding collateralized debt obligations. The disclosure was made in the bank's quarterly filing,...
-
Benzinga's Top Upgrades (C, CXO, G, SFY)
Friday, May 6, 2011 - 8:11am | 129Morgan Stanley upgraded Citigroup (NYSE: C) from “neutral” to “overweight.” Citigroup's shares closed at $4.48 yesterday. Citigroup's trailing-twelve-month revenue is $61.41 billion. Citigroup upgraded Concho Resources Inc (NYSE: CXO) from “sell” to “hold.” CXO's shares closed at $94.00 yesterday...
-
Morgan Stanley Upgrading Citigroup To Overweight (C)
Friday, May 6, 2011 - 7:59am | 155Morgan Stanley is upgrading shares of Citigroup (NYSE: C) to Overweight, and it has a $6 price target on shares. In a note to investors, Morgan Stanley writes, "Upgrading Citi to Overweight based on a faster roll-off of non-core assets (and resulting lower NPV of losses), sizable and faster growth...
-
A Peek Into The Market Before The Trading Starts
Friday, May 6, 2011 - 7:35am | 358Pre-open movers US stock futures are higher this morning, as investors are awaiting April nonfarm-payrolls data. Futures on the Dow Jones Industrial Average gained 21 points to 12,591.00 and futures on the S&P 500 stock index rose 3.50 points to 1,338.50. Nasdaq 100 futures surged 6.50 points...
-
JPMorgan in 'Advanced Discussions' with the SEC to Resolve CDO Case -Bloomberg (JPM)
Friday, May 6, 2011 - 7:30am | 25Bloomberg reports that JPMorgan (NYSE: JPM) is in `advanced discussions' with the SEC to resolve CDO case.
-
JPMorgan Chase and Credit Suisse Subpoenaed by SEC over Failed Mortgages (JPM, CS)
Friday, May 6, 2011 - 7:14am | 253JPMorgan Chase & Co. (NYSE: JPM) and Credit Suisse (NYSE: CS) received subpoenas from the U.S. Securities and Exchange Commission (SEC) over failed mortgages, a personal familiar with the investigation told Bloomberg. Allegedly, Credit Suisse didn't share refunds from sellers of faulty debt....
-
Morgan Stanley Upgrades Citigroup To Overweight, PT To $6
Friday, May 6, 2011 - 5:42am | 24Morgan Stanley has upgraded Citigroup (NYSE: C) from Neutral to Overweight and maintains its $6 price target.
-
Don't Monkey Around With an Unevolving Portfolio
Thursday, May 5, 2011 - 10:02am | 932It was 86 years ago today that Tennessee made a monkey of itself, arresting biology teacher John Scopes for violating the Butler Act by teaching the theory of evolution in a classroom. The trial, which drew attention to the line between scientific and superstitious thinking in many parts of the...
-
ING Reports 12% Surge In Q1 Net Profit
Thursday, May 5, 2011 - 4:26am | 75ING Groep NV (NYSE: ING) reported a 12% rise in its first-quarter net profit on Thursday. The company reported its quarterly net profit at 1.38 billion euros ($2.05 billion), versus the consensus of 1.32 billion euro. The company's underlying pretax profit at its banking division surged 32% to 1.7...
-
UBS Initiates Coverage On Bank Of America (BAC)
Wednesday, May 4, 2011 - 12:14pm | 52UBS initiated coverage on Bank of America (NYSE: BAC) in a research report published today. UBS gave Bank of America a Neutral rating and $13.50 price target. Shares of Bank of America were trading at $12.49 at the time of posting, down 0.87% from Tuesday's market close.
-
UBS Initates Coverage On JPMorgan Chase & Co (JPM)
Wednesday, May 4, 2011 - 12:09pm | 52UBS initiated coverage on JPMorgan Chase & Co (NYSE: JPM) in a research report published today. UBS gave JPMorgan Chase & Co a Buy rating and $54 price target. Shares of JPMorgan Chase & Co were trading at $45.70 at the time of posting, down 0.48% from Tuesday's market close.
-
Can The Dow Jones Industrial Average Advance Beyond the 13,000 Level?
Wednesday, May 4, 2011 - 11:47am | 696The Dow Jones Industrial Average has come a long way since the dark days of 2009. Back then, the index was below 7,000. Recovering to a nice, round 10,000 seemed a long way off, and getting back to 13,000 or 14,000 seemed impossible. Now, stability seems to have returned to the market. The Dow is...
-
CEOWORLD Most Actives Top Financial stocks picks on 5/4/11- IMH, HHY, HS, OZRK, MKTX, FPTB, OPY, FBP, PRS, SPY, GLD, IWM, EEM, BAC
Wednesday, May 4, 2011 - 7:12am | 1460Gainers (% price change): IMPAC Mortgage Hldgs (IMH) operations include the mortgage and real estate fee-based business activities conducted by Integrated Real Estate Service Corporation (IRES) and the long-term mortgage portfolio (residual interests in securitizations reflected as net trust...
-
Earnings Preview For American International Group (AIG, GS, BAC)
Wednesday, May 4, 2011 - 4:35am | 416American International Group (NYSE: AIG) is expected to announce its Q1 earnings results on Thursday, May 5. Analysts are predicting AIG will report a loss of $0.15 per share, a dramatic change of course after posting earnings of $1.75 a year ago. In the last seven days, analysts have downgraded...
-
Fast Money Picks For May 4th (TIP, ABT, AAPL, JPM)
Tuesday, May 3, 2011 - 6:38pm | 183CNBC Fast Money's Brian Kelly said that investors should buy iShares Barclays TIPS Bond Fund (ETF) (AMEX: TIP) on Wednesday. iShares Barclays TIPS Bond Fund (ETF) (TIP) gained 0.16%, and it closed at $110.93. Guy Adami likes Abbott Laboratories (NYSE: ABT), and wants to buy it tomorrow. Abbott...