Shares of these stocks have indeed edged out the S&P 500 over the past 12 months. USA Today reports.» Read More
BALTIMORE _ Legg Mason Inc. on Friday reported fiscal fourth-quarter profit of $83 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share. Legg Mason shares have dropped slightly more than 1 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed slightly more...
NEW YORK, April 28- A night of arson and looting in Baltimore has shaken the confidence of people running businesses beyond the areas hardest hit. While Baltimore's unemployment rate is higher than the national average and it is lagging in per capita income, the city government's budget is stable, it has a diverse business sector, elite universities and medical...
Feb 27- Fund managers in the United States raised their recommended exposure to North American debt to the highest in nearly four years in February, but made minor changes to their overall global model portfolios, a Reuters poll showed. "The U.S. economy will continue to grow but probably not at as fast a pace as in the last two quarters I think the Fed will be very...
Some of Friday's midday movers:
U.S. stock index futures signaled a lower open on Friday, ahead of the first estimate of how much the U.S. economy grew in the final quarter.
Value investor Mario Gabelli told CNBC he's buying stocks in these three financial institutions.
BOSTON, Dec 17- Independent oil exploration and production companies are leaning heavily on bank credit lines to survive plunging crude prices, making it a nervous time for U.S. funds holding their junk-rated debt. 'said Francis Bradley III, a Greenberg Traurig attorney in Houston who specializes in energy company financing deals. " U.S. mutual funds hold an...
Activist investor Trian Fund Management secured another partial victory on Tuesday by landing a seat on the board of BNY Mellon.
Some of Tuesday's midday movers
BOSTON, Dec 2- Collapsing energy prices have hit hard U.S. corporate junk bond funds, putting them on track for their worst performance in six years by squeezing the exploration and drilling companies that have been among most active issuers of high-yield debt. Last week's decision by the Organization of the Petroleum Exporting Countries to refrain from...
Dec 1- Activist investor Nelson Peltz resigned from the board at Legg Mason Inc to focus on other commitments, the asset manager said on Monday. Peltz, Chief Executive and a founding partner of Trian Fund Management LP, was chairman of Legg Mason's corporate governance committee. Under Chief Executive Joseph Sullivan, who took charge in February 2013, Legg Mason...
Investors betting on rising rates and bank stocks may want to consider fund managers, especially with the Fed in no rush to push rates up.
Cramer has been a fan of this stock for quite some time. However, he's just found another reason to buy and it's a big one.
If Google had used a traditional IPO process when its stock debuted 10 years ago, it would have made less money, the Silicon Valley pioneer who crafted the deal tells CNBC.
Cramer rarely likes to play piggyback and follow another investor into a stock. But this is an exception.
It's time for the Lightning Round. Cramer makes the call on viewer favorites.
Stifel Financial said it would buy asset manager Legg Mason's investment advisory unit to expand its wealth management business.
Legg Mason's Bill Miller may have lost 20 percent of his investment in bitcoin, but he's still bullish on its potential.
Treasurys rose on month-end buying and lingering concerns about EM economies, putting safe-haven bonds on track to notch strong gains in January.
U.S. stock index futures signaled a steep drop at the start of trading on Wall Street Friday, ahead of fourth quarter earnings from Chevron and MasterCard.