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Stock Market & Financial Investment News

News Breaks
March 16, 2012
10:10 EDTGS, MS, IVZ, BLK, APO, KKR, AMTDDeutsche Bank downgrades Morgan Stanley, others after recent gains
Deutsche Bank downgraded Ameritrade (AMTD), BlackRock (BLK), and Morgan Stanley (MS) to Hold from Buy this morning following recent gains in the companies' shares. For Ameritrade, Deutsche Bank also cited upcoming seasonality and continuing challenges faced by the company as reasons for the downgrade. Meanwhile, Deutsche believes that BlackRock has few near-term catalysts, while Morgan Stanley is facing a "mixed" macro and regulatory outlook, as well as challenges to its fixed income business. Conversely, Deutsche Bank identified Goldman Sachs (GS), Apollo Management (APO), KKR & Co. (KKR), and Invesco (IVZ) as its top picks among Brokers and Asset Managers. However, Deutsche reduced its price target on Goldman to $145 from $160. In early trading, Ameritrade lost 1.56% to $20.15, BlackRock gained 0.23% to $205.55, Morgan Stanley lost 0.31% to $19.45, Invesco dropped 0.46% to $26.25 while Goldman fell 0.70% to $122.20.
News For AMTD;BLK;MS;KKR;IVZ;GS;APO From The Last 14 Days
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April 15, 2015
14:42 EDTGSEarnings Watch: Goldman to report amid optimism on fixed income, trading
Goldman Sachs (GS) is scheduled to report first quarter earnings before the open on Wednesday, April 16, with a conference call scheduled for 9:30 am ET. Goldman is an investment bank. EXPECTATIONS: Analysts are looking for earnings per share of $4.26 on revenue of $9.35B, according to First Call. The consensus range for EPS is $4.11-$4.44 on revenue of $8.72B-$9.65B. LAST QUARTER: Goldman reported higher than expected fourth quarter profits and revenue. However, the revenue of its investment banking and institutional client services businesses fell 16% and 8% respectively versus the same period a year earlier, while the revenue of its fixed income business tumbled 19% year-over-year. In March, Goldman passed the Fed's stress test, and it raised its quarterly dividend by 5c to 65c per share. In April, Reuters reported that Global investment banking fees dropped 8% to $20B in the first quarter, representing the weakest start to the year for the fees since 2012, according to Reuters. Deal activity in Europe, Asia Pacific, and Japan was weak during the quarter, the news service stated. On a positive note for Goldman investors, The Wall Street Journal on April 2 quoted NAB Research and Deutsche Bank as saying that volatility in the currency market had risen 18% from January to mid-March, which should boost profitability for the fixed-income trading businesses at major banks. PEER RESULTS: Perhaps boding well for Goldman, JPMorgan reported on Monday that its Q1 gross investment banking revenue from its commercial banking clients had soared 68%, STREET RESEARCH: On April 7, research firm Susquehanna raised its Q1 EPS estimate for Goldman to $4.24 from $3.60, citing improved trading and fixed income forecasts. The firm increased its price target on the shares to $198 from $190 and set a Neutral rating on the shares. PRICE ACTION: Goldman's stock has jumped almost 13% over the last three months and almost 30% over the last year.
07:49 EDTBLKJPMorgan to hold a conference
Public Finance Transportation & Utility Conference is being held in New York on April 15-16.
06:11 EDTMS, GSRegulators seek to end 'too big to fail' firms, WSJ reports
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April 14, 2015
19:56 EDTMSMorgan Stanley nearing $1B deal for oil trading and storage unit, WSJ says
Castleton Commodities International has become the leading bidder for Morgan Stanley's oil-trading and storage unit, offering more than $1B for the business, reports the Wall Street Journal, citing people familiar with the matter. Any potential deal remains weeks away, said the sources.Reference Link
16:32 EDTAMTDTD Ameritrade announces strategic relationship with Solium
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14:16 EDTBLKBlackRock April volatility elevated at 38 into Q4 and outlook
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14:05 EDTGSGoldman Sachs April volatility elevated into Q1 and outlook
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13:02 EDTAPO, KKRFly Watch: Analyst expects strong Q1 results from private equity firms
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10:01 EDTAMTDOn The Fly: Analyst Downgrade Summary
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10:00 EDTKKRGroupon core business still key to valuation, says Piper Jaffray
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08:35 EDTMSEtsy offering vendors chance to participate in IPO, WSJ reports
Etsy (ETSY), through a program being overseen by Morgan Stanley (MS), is giving its vendors and other small investors the opportunity to buy as much as $2,500 in stock just before its public float, reported The Wall Street Journal. The bank's customary account fees are being waived for the program, via which participants can offer to buy between $100 and $2,500 worth of Etsy stock, people familiar with the matter told the Journal. Reference Link
08:27 EDTKKRPrivate equity business model strong, results likely strong, says Oppenheimer
Oppenheimer's analyst says that private equity's business model is the best one he has seen in 30 years of following financial stocks. The firm expects most of the companies in the sector to report strong Q1 results, and predicts that investors will gain confidence in the sustainability of private equity firms' businesses. Oppenheimer identifies Crane (CR) and KKR (KKR) as its favorite names in the sector.
08:04 EDTKKRKKR names Luis Tellez as senior advisor
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07:00 EDTKKRKKR investor consortium close to deal to buy stake in Ticket Monster, WSJ says
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06:19 EDTAMTDTD Ameritrade downgraded to Neutral from Buy at Citigroup
Citigroup downgraded TD Ameritrade to Neutral after lowering its estimates to reflect the company's leverage to the flattening of rates. It dropped its price target for shares to $39 from $40.
April 13, 2015
16:07 EDTIVZInvesco reports preliminary AUM $798.3B as of March 31
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08:42 EDTGSPandora rises after Spotify reportedly valued above $8B in fundraising
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07:52 EDTMSPotential rule change on accounts to likely be manageable, says JMP Securities
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07:16 EDTMSTechWeek to hold a conference
TechWeek Detroit 2015 is being held in Detroit on 4/13-19.
06:39 EDTGSGoldman Sachs in talks to sell NPL business of Archon to D.E. Shaw, Reuters says
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