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Daily Highlights: 10/26/09

Mon, 26 Oct 2009 13:02:47 GMT

Asian shares were mostly higher Monday with S.Korean shares helped by upbeat economics.Bank failures in US exceed 100 for this year, most closings since 1992.China's September coal imports increase 7% from August as economy recoversOil prices slipped to near $80 a barrel in AsiaDollar falls versus Euro as recovery signs, stock gains sap safety demand.Japan to punish BNP Paribas's unit over convertible bond, share price manipulation.Japan's PM Hatoyama says recovery 'unpredictable,’ unemployment may worsen.S Korea's Q3 GDP rises 2.9% - fastest quarterly pace in more than seven years.SEC considering filing securities fraud charges against ICAP's US subsidiary.[More...]

It's Miller Time? Barron's Needs A Math Lesson

Mon, 19 Oct 2009 05:51:32 GMT

Did Bill Miller or Legg Mason bribe Barron's for a recent cover story? Or has Barron's assumed investors cannot understand elementary math? Given Miller's atrocious performance in recent years followed by positive 2009 performance that still has investors that committed capital to Value Trust in 2007 down considerably, one must wonder how Miller could obtain the Barron's cover story on October 12th entitled "It's Miller Time."[More...]

Contrast In Approach: Bill Miller vs. Warren Buffett

Wed, 14 Oct 2009 18:50:51 GMT

The folks at Legg Mason must have some pull as Bill Miller features are making the rounds this week: Bloomberg: Legg Mason’s Miller Helps Win Clients as Returns Rise Barron’s: It’s Miller Time The Barron’s article, in particular, seemed embarrassingly gushy for a manager who ranks in the 99th percentile for fund managers over 3 and 5 years.[More...]

Are These Vanguard Funds Too Hot to Handle?

Fri, 09 Oct 2009 18:50:20 GMT

Plus, T. Rowe's new fixed-income chief will have to think globally, and more.[More...]

Eaton Vance (EV) Matches Expectations

Thu, 20 Aug 2009 19:56:59 GMT

Asset manager Eaton Vance Corp.’s (EV) reported fiscal third-quarter net income of $31.2 million, a decline of 37% year-over-year as performance was affected by sluggish fee income amid weak fund inflows. Excluding a charge associated with an IPO, earnings per share came in at 28 cents, matching the Zacks Consensus Estimate. The company stated that quarterly revenue slumped 19% year over year to $228.4 million as investment advisory and administration fees declined 17% to $175.2 million. Distribution and service fees also fell 31% and 26% to $21.7 million and $29.9 million respectively. The slump in fees was caused by a decline in assets under management (AUM) to $143.7 billion, compared to $155.8 billion in the year-ago quarter as clients adopted a cautious approach towards closed-end funds. Eaton’s AUM was[More...]

BlackRock (NYSE: BLK) Earnings Top Wall Street Estimates

Tue, 21 Jul 2009 20:26:18 GMT

BlackRock Inc. (NYSE:BLK), the largest publicly-traded U.S. asset manager, on Tuesday beat the Street for the second quarter with an adjusted-profit of $1.75 per share, or $239 million. Net income, as adjusted, was 117% higher than first quarter 2009 and 16% lower than second quarter 2008. The investment management firm said second-quarter profit dropped on a year-over-year basis as assets under management declined, but results improved from the first-quarter as equity and fixed income markets recovered. “I am of the belief that markets are stabilizing and we are seeing that in client activity worldwide”- commented Larry Fink, Chairman and CEO of BlackRock. The New York-based firm reported a profit of $218 mln, or $1.59 per share, down $56 mln from the year ago period ’s net income of $2 per share. Revenue was $1.03 billion, down from $1.39 billion on a y/y basis but up from $987[More...]

Stocks End At Day's Highs - Nasdaq Streak Extends To Day Nine

Mon, 20 Jul 2009 20:55:00 GMT

Companies reporting quarterly scorecards in the after-hours include Texas Instruments Inc (TXN) and Legg Mason Inc (LM).[More...]

Stock Review : Legg Mason (NYSE: LM); Texas Instrument (NYSE: TXN)

Wed, 15 Jul 2009 20:30:13 GMT

Legg Mason Inc. is a global asset management firm and provides investment management and related services to institutional and individual clients, company-sponsored mutual funds and other investment vehicles.[More...]

Worst Financial Stocks To Avoid

Tue, 07 Jul 2009 15:38:07 GMT

Yesterday, we published an article on five best financial stocks to invest. Today we focus on five worst financial stocks which investors should avoid.[More...]

Stocks Of The Day: Best Buy (NYSE: BBY); Legg Mason (NYSE: LM)

Tue, 16 Jun 2009 15:33:07 GMT

Best Buy Co. Inc. operates as a specialty retailer in the United States, Canada, Mexico, China, and Europe. It offers consumer electronic video products...[More...]

Baird to open brokerage office in SouthPark area: Landrum Henderson Jr. to head financial firm's move into wealth management market.

Sat, 05 Dec 2009 09:46:00 GMT

Dec. 5--Robert W. Baird & Co., a Milwaukee-based financial services firm, has hired a Charlotte brokerage veteran to open a new wealth management office here.
Henderson said he expects to bring on as many as 15 financial advisers in the next six to nine months as the firm expands its wealth management presence in the Carolinas.
The move adds to Baird's growth in North Carolina.

: iStockAnalyst.com Symbols Feed

Daily Highlights: 10/26/09

It's Miller Time? Barron's Needs A Math Lesson

Contrast In Approach: Bill Miller vs. Warren Buffett

Are These Vanguard Funds Too Hot to Handle?

Eaton Vance (EV) Matches Expectations

BlackRock (NYSE: BLK) Earnings Top Wall Street Estimates

Stocks End At Day's Highs - Nasdaq Streak Extends To Day Nine

Stock Review : Legg Mason (NYSE: LM); Texas Instrument (NYSE: TXN)

Worst Financial Stocks To Avoid

Stocks Of The Day: Best Buy (NYSE: BBY); Legg Mason (NYSE: LM)

Baird to open brokerage office in SouthPark area: Landrum Henderson Jr. to head financial firm's move into wealth management market.

Star-News, Wilmington, N.C., The Dish column: The Dish - New Wilmington dining spots feature low prices

Treasury OKs another firm for toxic asset program

Mark R. Fetting to Present at the 2009 Bank of America Merrill Lynch Banking & Financial Services Conference

Business Highlights

Mutual Funds Rise

Mark R. Fetting to Present at the 2009 Barclays Global Financial Services Conference

UPI NewsTrack Sports

Del Potro wins Legg Mason Tennis Classic

CEOs Paid More Even As Profits Fall: Debate Swirls As Most of the Area's 10 Top-Earning CEOs Receive Higher Compensation During a Recession That Has Dragged Down Many Companies' Stock Prices and Profitsf

LMP Capital and Income Fund Inc. as of September 30, 2009

Ridgewater Equity Completes Analytical Study of Equities Within Financial & Basic Materials Sectors

Western Asset Global Corporate Defined Opportunity Fund Inc. Raises $315.8 Million, Starts Trading on the NYSE

Western Asset High Income Fund Inc. as of September 30, 2009

Western Asset Municipal High Income Fund Inc. as of September 30, 2009

Western Asset Premier Bond Fund as of September 30, 2009

Western Asset Income Fund as of September 30, 2009

LMP Real Estate Income Fund Inc. as of September 30, 2009

Western Asset High Income Opportunity Fund Inc. as of September 30, 2009

Western Asset High Income Fund II Inc. as of September 30, 2009

Form 4 LEGG MASON INC For: Nov 27 Filed by: PELTZ NELSON (10K)

Form 4 LEGG MASON INC For: Nov 24 Filed by: DALEY CHARLES J JR (10K)

Form 4 LEGG MASON INC For: Oct 30 Filed by: SCHMOKE KURT L (10K)

Form 4 LEGG MASON INC For: Oct 30 Filed by: KOERNER JOHN E III (10K)

Form 4 LEGG MASON INC For: Oct 30 Filed by: ST GEORGE NICHOLAS J (10K)

Form 4 LEGG MASON INC For: Oct 30 Filed by: FETTING MARK R (10K)

Form 4 LEGG MASON INC For: Oct 30 Filed by: BERESFORD DENNIS R (10K)

Form 4 Nattans Jeffrey A For: Oct 30 (10K)

Form 4 RICHARDSON MARGARET MILN For: Oct 30 (10K)

Form 3 PELTZ NELSON For: Oct 27 (10K)