JP Morgan’s chief may have asked asked rival firms to back off from hiring Bear Stearns advisors, but that doesn’t mean competitors have stopped offering recruiting deals to anxious Bear reps.
This week, Kevin Matras shows you why stocks with new analyst coverage are stocks you want to have. Learn why, how to find them and get three new stocks with new analyst coverage.
Dallas, TX -“Matt, I was talking to my wife recently about some of her colleagues,” Richard told me at a recent team-building workshop. “She works for a large company and knows a ton of people who would make great clients. But...
Morgan Stanley reported better-than-expected first-quarter earnings today, at least temporarily easing investor nerves. Still, overall revenues and earnings were well below last year’s levels: Net revenue was $8.3 billion for the quarter, a...
Bear Stearns near-collapse and sellout to J.P. Morgan was just one more act in the ugly market drama unfolding on Wall Street: Big brand-name firms, thought to be failsafe, are reeling from the sub-prime crisis and its fallout. The economy and the...
Morgan Stanley is streamlining its Global Wealth Management unit, reducing its four U.S. divisions (Northeast, South, Central, West) to two (South/West and Northeast/Central), according to an internal memo sent last week by Andy Saperstein, head...
A spokesperson for UBS denied rumors, aired by CNBC last week, that the Swiss firm is contemplating a sale of its U.S. wealth-management business in order to raise capital. UBS has written-down billions of dollars related to mortgage-securities...
Bear Stearns reached a deal Sunday to sell itself to J.P. Morgan—at a fire-sale price. J.P. Morgan will pay $2 a share for the teetering bank, less than one-tenth of the price that its shares were trading for on Friday. That day, Bear&rsquo...
