Tag:
guidance
Latest Headlines
Latest Headlines
Finra issues warning on sell-side stock research independence
To what extent does the dot.com era model of stock research still exist? It's tempting to think that the 2003 global settlement that expired five years after it was agreed to finally created a wall between investment bankers and stock analysts. But there's reason to think the industry has backslid
Indicator watch: HBS's jobs and Wall Street
Can the graduating class at Harvard Business School divine market movements? Or at least be able to offer some interesting guidance? Ray Soifer, Harvard Business School graduate and one-time bank analyst, has constructed a market indicator based on where graduates accept jobs.
According to the
Is it time to give up earnings guidance?
In these unpredictable times, more companies seem to be giving up on the venerable idea of earnings guidance. A survey by the National Investor Relations Institute has found that about one-third of
Fair value relief to help Citigroup?
The knee-jerk response to the new guidance on fair value rules has been that banks will see a significant bump in earnings, as mark-to-market losses lessen. But in the view of a TheStreet.com ratings analyst, that might not be the case with Citigroup. The argument starts with the fact that as
Fair value rule left intact
Recall that as part of the massive $700 billion package passed by Congress in October, the SEC was required to study fair value accounting and the role it played in the recent credit market pyrotechnics. The law also affirmed the SEC's authority to suspend mark-to-market accounting, and some thoug
Big mark-to-market meeting on Wednesday
FAS 157, the controversial fair accounting rule, will be the topic of a roundtable today at the Securities and Exchange Commission. As you know, the rule has become the center of much controversy, with more than a few pundits and experts blaming the rule for the financial meltdown. My guess is tha
Lehman takes a big swing at the shorts
Speculation was heavy that Lehman might make some sort of early earnings announcement, and the embattled firm did just that, confirming Monday many predictions that it would lose money for the first time since it went public. It announced it will lose $2.8 billion in the second quarter, largely a
ALSO NOTED: John Thain says he's not heading into politics; SEC may require banks to hold more cash as cushion; and much more..
Company News: > Court approves Citigroup settlement over Enron. Article > Thain says he's not heading into politics. Article > Barclays lowers Q1 earnings guidance. Article > Franklin Resources misses estimates. Article > TradeStation's earnings rise.
Demand strong for First Data bonds
This qualifies as a good sign. The roadshow for the first $5 billion in First Data bonds is underway, and demand appears to be strong. According to the AP , guidance on the total $13 billion of loans puts the price at 96 cents to the dollar and the risk premium at 2.75 percentage points over LI
Still time to comment on new communication rules
Electronic communications are a big deal at Wall Street firms these days. With so many people Blackberrying,
