Specialized Finance

PHH Corporation (NYSE: PHH) today announced that it has extended its offer to the holders of the $350.0 million aggregate principal amount of its 9¼% Senior Notes due 2016, issued August 11, 2010, to exchange such notes for a like principal amount of notes with identical terms other than that such...

Below are the top small-cap credit services stocks on the NYSE and the NASDAQ in terms of earnings per share. The trailing-twelve-month earnings per share at Primus Guaranty Ltd (NYSE: PRS) is $6.33. PRS' profit margin for the same period is 89.61%. The trailing-twelve-month earnings per share at...

CIT Group's (NYSE: CIT) $2bn secured debt issuance is in line with Morgan Stanley's view that it will make significant progress restructuring high-cost debt in 2011-2012. It pulls forward Morgan Stanley's Series A restructuring expectations slightly, an incremental positive. It expects CIT to use...

International Finance Corporation (IFC), a member of the World Bank Group, is acquiring an 18 percent stake in the National Rural Support Programme Microfinance Bank (NRSP MF Bank), a Pakistani microfinance institution (MFI), in an effort to increase access to finance for farmers [1]. The...

NYSE Euronext (NYSE: NYX) shares just started spiking, and are now up 1%, after having been flat on the day.

In a report published by Credit Suisse, it is lowering the estimates and target price to $44 on CIT Group (NYSE: CIT). The rating is Neutral. CIT Group closed yesterday at $41.96.

Gabelli has rated Interactive Brokers Group (NASDAQ: IBKR) Buy. According to Gabelli, "We believe IBG is well positioned to grow its brokerage business based on its automated low cost platform and broad access to global products… At the current price shares are trading at 1.27x trailing book value...

J.P. Morgan has raised estimates for CME Group Inc. (NASDAQ: CME) although stocks have recently fallen. According to the report, "We believe that CME makes for a compelling tactical investment at current levels. As was the case early last year, fundamentals have improved materially so far this...

CIT Group Inc. (NYSE: CIT), today announced that it has commenced a benchmark offering through a private placement of Series C Second-Priority Secured Notes due 2014. CIT plans to use the net proceeds from the offering to retire a portion of its Series A Second-Priority Secured Notes maturing in...

Reminder: OptionsXpress (NASDAQ: OXPS) was acquired by Schwab (NASDAQ: SCHW) for $1B. Ameritrade (NASDAQ: AMTD), E*Trade (NASDAQ: ETFC), and Interactive Brokers (NASDAQ: IBKR) may see some volatility on this news, especially when OptionsXpress re-opens for trading. Most of the bids on these...

Nike Inc (NYSE: NKE) dipped 6.92% to $79.50 in the pre-market session. NKE reported downbeat FQ3 results. ARM Holdings plc (NASDAQ: ARMH) fell 1.01% to $25.48 in the pre-market session. ARMH's PEG ratio is 4.25. NYSE Euronext (NYSE: NYX) moved down 0.23% to $35.25 in the pre-market session. NYX'...

Below are the top small-cap financial stocks on the NYSE and the NASDAQ in terms of cash. MF Global Holdings Ltd (NYSE: MF) had $26.04 billion in total cash and $20.63 billion in total debt for the latest quarter. Interactive Brokers Group Inc (NASDAQ: IBKR) had $20.29 billion in total cash and...

Reuters is reporting that CBOE Holdings, Inc (NASDAQ: CBOE) is open to acquisitions, and alliances. At last check, shares of CBOE were up 23 cents to $27.93, a gain of 0.8%. There has been much speculation recently over whether the CBOE would remain alone or would eventually tie up with...

Piper Jaffray has an Overweight rating and a $103 price target on shares of Portfolio Recovery Associates (NASDAQ: PRAA). In a note to clients, Piper Jaffray writes, "We have increased confidence in our 1Q11 cash collection forecasts for both PRAAand ECPG given the trends in "recoveries" or...

In a report published by Benchmark, Moody's Corporation (NYSE: MCO) price target is raised to $34. Benchmark said that bond issuance trends have carried over from 2H10, resulting in better than expected issuance levels during 1Q11. “As a result, we have increased our 1Q11 estimates and increased...