Specialized Finance

Below are the top investment brokerage-national stocks on the NYSE and the NASDAQ in terms of PEG ratio Morgan Stanley (NYSE: MS) has a PEG ratio of 1.15. MS' trailing-twelve-month operating margin is 26.86%. CME Group Inc (NASDAQ: CME) has a PEG ratio of 1.38. CME's trailing-twelve-month profit...

CME (NYSE: CME) Raises Silver Margins for 4th Time

A group of lenders, led by Indian commercial bank ICICI Bank, has approved a debt restructuring plan for Spandana Sphoorty Financial Limited, an Indian microfinance institution (MFI). The agreement paves the way for Spandana to refinance its debt at a 12-percent annual interest rate and extend...

Portfolio Recovery Associates (NASDAQ: PRAA) Reports EPS of $1.34 vs. $1.29 Estimate; Revenues $111.8M vs. $108.55M Estimate

NYSE (NYSE: NYX) holders are demanding that Niederauer study the Nasdaq (NASDAQ: NDAQ) bid reports Fox news.

Deutsche Boerse says NYSE (NYSE: NYX) acceptance period starts says Bloomberg. Also, Beutsche Boerse says Bafin clears offer documents.

CORRECTION: Intercontential Exchange (NYSE: ICE) Reports Q1 EPS of $1.77 vs. $1.69 Estimate; Revenues $334.3M vs. $329.65M Estimate

Gainers (% 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...

On May 16, Rahm Emanuel will take up the reins of the city of Chicago, ending the six-term administration of Mayor Richard M. Daley. Emanuel , a former White House chief of staff and Democratic member of the U.S. House of Representatives, is well known for his blunt, take-no-prisoners style. But...

Nasdaq OMX Group (NASDAQ: NDAQ) and IntercontinentalExchange Inc (NYSE: ICE) are taking their bid for NYSE Euronext (NYSE: NYX) directly to shareholders, as the company's are not getting anywhere dealing with the company. Duncan Neiderauer will still hate Bob Greifeld, so it's not gonna matter...

IntercontinentalExchange (NYSE: ICE) reported futures volume in April 2011. Average daily volume for ICE's futures markets was 1,277,550 contracts, a decline of 8% from April 2010. Year-to-date through April 30, ADV across ICE's futures exchanges was 1,518,454 contracts, an increase of 15% compared...

KBW is out with its report today on KKR Financial Holdings (NYSE: KFN), maintaining Outperform. In a note to clients, KBW writes, "Following KKR Financial Holdings' 1Q11 results, we are raising our 2011 EPS estimate to $1.63 (from $1.52), but modestly lowering our 2012 EPS estimate to $1.63 (from...

CME Group (NASDAQ: CME) Reports April Volume 12.1M Contracts per Day, Up 2%

Given declining volumes and margin, “we expect weak mortgage banking revenues in 1Q,” KBW reports. “Inside Mortgage Finance reported $12 billion of volume for PHH Corporation (NYSE: PHH), down from $18.4 million in 4Q10,” KBW writes. “Our forecast incorporates a 15% reduction in the gain-on-sale...

NYSE Euronext (NYSE: NYX) notes that Nasdaq OMX Group, Inc. (Nasdaq: NDAQ) and IntercontinentalExchange Inc. (NYSE: ICE) have announced their intention to begin an unsolicited exchange offer some time in May to acquire all outstanding shares of NYSE Euronext. NYSE Euronext further notes that Nasdaq...