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Standard & Poor’s cut its outlook on three brokers: Jefferies, Cantor Fitzgerald and GFI Group warning the group may be in for a prolonged period of pain.
The Dow and S&P clawed back into positive territory at the close Wednesday, adding to the sharp rally from the previous session, but gains were limited over renewed fears over the euro zone debt crisis.
Futures pulled back Wednesday, after a strong start to the New Year, as investors turned their focus once again to the euro zone's debt concerns.
Banks may have gotten hammered this year in the stock market, but the CEOs who run them are doing just fine.
Stocks moved lower Wednesday as an aggressive move from the European Central Bank to stem the sovereign debt crisis raised questions about just how much more will need to be done.
Wall Street closed with a head of steam Tuesday, with a rally powered ahead by hopes for the financial market, relief for banks and a bit of short-covering thrown in for good measure.
Sean Egan, president of ratings agency Egan-Jones Rating Co., and Jefferies Group's chief critic, said he wants to look at the fine print of the firm's full financial results before deciding if MF Global's banker has done enough to reduce its risk.
Financial stocks rebounded Tuesday, with Jefferies shares soaring 22 percent midday, but it may not be time to jump back into banks yet, one “Fast Money” pro said.
Blowout Spanish auction, is the European Central Bank program working? You have to think it's having an effect.
US stock index futures were pointing to a strongly higher open for Wall Street on Tuesday after a report showing German business optimism rising unexpectedly and as Spanish short-term financing costs fell sharply.
Cramer makes the call on viewers' favorite stocks.
Soon after taking the reins of MF Global in 2010, Jon S. Corzine visited the Wall Street firm’s Chicago offices for the first time, greeting the brokers, analysts and sales staff there, the New York Times reports.
Clients of MF Global that had the foresight to ask for their money back before the bankruptcy came this close to being made whole.
Jefferies finally seems to be winning the battle against its critics—and the shorts.
Despite negative market rumors, options are "huge" for Jefferies Group, as nearly 40,000 contracts traded on Monday alone.
Wall Street suffered through another brutal selloff Monday, with investors heading for the exits ahead of Thanksgiving as both the U.S. and Europe struggled to deal with their burgeoning debt crises.
Jefferies shares touched a 52-week low today, and if put activity is any indication, options traders see them going even lower.
Stocks rebounded to close near session highs in a volatile session Monday, but gains were limited as investors continued to monitor headlines from the euro zone.
Jefferies dramatically reduced its gross exposure to Europe over the weekend.
Jefferies CEO Rich Handler has at least one prominent supporter — noted banking analyst Meredith Whitney, who said the company is run conservatively and unlikely to get hammered by exposure to European debt.