Raymond James & Associates Inc. analyst Paul Puryear upgraded eight real estate investment trusts today in the belief that the recent sell-off in the sector has been overdone.
Merrill Lynch & Co. Inc. and Citigroup Inc. were walloped by third-quarter losses, while State Street Corp., The PNC Financial Services Group Inc. and Bank of New York Mellon Corp. posted profits.
The U.S. economy appears to be in a recession, San Francisco Federal Reserve Bank president Janet Yellen said yesterday, according to published reports.
The federal budget deficit for fiscal year 2008 was reported today at a record $455 billion by the Department of the Treasury.
Major life insurance companies’ investments in non-prime mortgages are going to continue hurting their capital positions as the year rolls on, according to a study from Fitch Ratings Ltd.
The $1.9 trillion hedge fund industry has gone on the defensive following a recent statement by Italian finance minister Giulio Tremonti, who suggested a move to abolish the alternative-class investments in Italy.
Shareholders have filed court papers asking the New York State Supreme Court to name a receiver for Reserve Management Co. Inc.’s International Liquidity Fund, in order to organize its liquidation.
Let’s say you were a financial planner in 1926. Of course, there was no such discipline as financial planning in the Roaring ’20s.
Investors are more likely to change their investments strategies if government raises the capital gains tax, according to a survey released today by Eaton Vance Corp. of Boston.
New York-based JPMorgan Chase reported a third-quarter profit of $527 million, or 11 cents a share, down 84% from the $3.4 billion, or 97 cents a share, recorded in the year-ago period.
