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Stock Market & Financial Investment News

News Breaks
March 16, 2012
10:10 EDTAPO, KKR, AMTD, GS, MS, IVZ, BLKDeutsche 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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August 31, 2015
06:55 EDTGSGoldman Sachs upgraded to Buy from Hold at Evercore ISI
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06:55 EDTMSMorgan Stanley upgraded to Buy from Hold at Evercore ISI
Evercore ISI upgraded Morgan Stanley to Buy and maintained its $41 price target. The firm cited attractive valuation and said the recent pickup in volatility has led to higher trading volumes, which should give a boost to the typically slowest summer month of the year.
06:35 EDTMS, GSCiti plans to rebuild equities franchise, Reuters reports
Citigroup (C) is planning to rebuild its equities franchise in an effort to capitalize on a retrenchment by rivals in the face of new rules created to make the financial system less risky, Reuters reports, citing people familiar with the bank's plans. It may be tough to overcome leaders such as Goldman Sachs (GS), Morgan Stanley (MS), and JPMorgan Chase (JPM), that have long dominated the sector, the report says. Citi is aiming to profit from a retreat of rivals slow to adapt new rules forcing banks to keep more capital, the report says. Deutsche Bank (DB), Credit Suisse (CS), and Barclays (BCS) are among others rebuilding their investment banking businesses, the report adds. Reference Link
August 30, 2015
12:33 EDTBLKDividend-rich blue chips look attractive amid market volatility, Barron's says
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August 27, 2015
06:46 EDTGS, MSFed ups scrutiny of U.S. bank payment systems, WSJ reports
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06:34 EDTGS, MSBanks, investors may suffer from margin calls, WSJ reports
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06:23 EDTGSGoldman hiring 'several hundred' employees for Warsaw units, Reuters reports
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August 26, 2015
09:01 EDTBLKBlackRock to acquire FutureAdvisor, terms not disclosed
BlackRock has entered into a definitive agreement to acquire FutureAdvisor. FutureAdvisor will operate as a business within BlackRock Solutions. The transaction is subject to customary closing conditions and is expected to close in the fourth quarter of 2015. The financial impact of the transaction is not material to BlackRock earnings per share. Terms were not disclosed.
07:39 EDTKKR, IVZ, APO, BLKPiper Jaffray lowers estimates for asset managers below consensus
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August 25, 2015
09:31 EDTMSMorgan Stanley upgraded to Buy from Neutral at Buckingham
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06:16 EDTKKRKKR, Carlyle bid for Tesco's South Korean unit, Reuters reports
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August 24, 2015
16:07 EDTMSMonogram Residential Trust CFO Garfield to leave role, Swanstrom appointed CFO
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11:03 EDTAMTDTD Ameritrade says in tweet, 'observing street wide latency issues'
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05:47 EDTGSStocks with implied volatility movement; DIA GS
Stocks with implied volatility movement; Diamonds Fund ETF (DAI) 25, Goldman Sachs (GS) 31 according to iVolatility.
August 23, 2015
12:50 EDTBLKBlackRock shares could return 20% in one year, Barron's says
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August 21, 2015
08:40 EDTAMTD, MSCanadian Security Traders Association to hold a conference
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07:36 EDTKKRKKR, Affinity teaming up to bid for Tesco's South Korean unit, Reuters reports
KKR (KKR) is teaming up with Affinity Equity Partners to bid for Tesco's (TSCDY) South Korean unit, Reuters reports, citing sources. Another bidder, Carlyle (CG), is teaming up with Singapore's GIC, the sources say. The Tesco unit is valued at about $6B. Reference Link
August 20, 2015
18:59 EDTKKRGoogle, Amazon, private equity compete for Indian data center unit, ET says
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06:10 EDTMSWeather Channel said to hire banks to explore sale, Bloomberg reports
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06:07 EDTGS, MSSamsung Bioepis picks Citi, Goldman as lead managers for IPO, Reuters says
Samsung Bioepis has selected Citigroup (C) and Goldman Sachs (GS) as the lead managers for its planned listening on Nasdaq next year, a source tells Reuters. Morgan Stanley (MS) and Credit Suisse (CS) will also take part in the listing for Samsung's (SSNLF) biosimilar drug development arm, the source says. Reference Link
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