NEW YORK— Goldman Sachs' earnings jumped 78 percent from a year ago as the bank's legal expenses declined and some of its trading desks saw a surge of activity during Britain's vote to leave the European Union. The investment bank said Tuesday it had a second-quarter profit of $1.63 billion after dividends to preferred shareholders, or $3.72 per share, up from... » Read More
VTB CEO SAYS IF LENDING STAGNATES BANK MAY START BUYING OUT PERPETUAL BONDS, PREFERRED SHARES BUT NO IMMEDIATE PLANS FOR NOW.
NEW YORK, May 5- Energy Transfer Equity LP Chief Executive Kelcy Warren said on Thursday the pipeline company cannot complete an agreed-upon $21 billion takeover of rival Williams Cos Inc because of tax issues. It is already suing ETE in Delaware to stop a controversial offering of preferred shares to its top shareholders, including Warren.
NEW YORK, March 16- Overstock.com Inc said on Wednesday it would offer shareholders new common shares to be traded on the company's t0.com platform. Overstock made the announcement on Wednesday at the 41st Annual International Futures Industry Conference in Boca Raton, Florida. The ratio between the common and preferred shares will depend on demand, said Judd...
March 2- SunEdison Inc said on Wednesday it suspended payment of quarterly dividends on its preferred stock, two days after the embattled solar company delayed filing its annual report amid an internal investigation into its financial position. The company's shares were down 11.7 percent at $1.58 after the bell. Earlier on Wednesday, the Wall Street Journal...
TJX also said that it would buy back about $1.5 billion- $2.0 billion in shares and the company forecast full-year profit largely above analysts' estimates. In the holiday season, "off-price retailers were a preferred destination for much of the middle and upper-middle class seeking brand names at value prices," Ken Perkins, the president of research firm Retail...
RCS Capital listed total assets of $2 billion and debts of $1 billion in its Chapter 11 filing in Delaware, court documents showed on Monday. Under the restructuring plan, lenders will inject $150 million into broker-dealer Cetera and ties to Schorsch will be cut by eliminating common shares and some $500 million in preferred stock, court documents showed.
CNBC's Jim Cramer calls attention to a group of stocks that are becoming increasingly popular on Wall Street.
Roger Hirst, director of European equity research at S&P Capital IQ, explains that his European "top 10 power" stocks tend to have exposure to Asian emerging markets, despite expected slower growth in Asia.
Jonathan Compton, managing director at Bedlam Asset Management, explains what makes Charter Industries, Rexam and Konami very attractive.
David Roes, Chief Executive Officer at Asean Investment Management says significant cash allocations to Vietnam aren't about to slow down anytime soon. He also shares his top stock picks with CNBC.
James Sullivan, Head of ASEAN / Singapore Research at JP Morgan tells us why Singapore's cap on immigration will effectively hobble the nation's economy.
David Einhorn reiterated his arguments that a judge should block a shareholder vote on Apple's proposal to eliminate its ability to issue preferred shares without investor approval.
Dodge Dorland, Chairman & Chief Investment Officer, Landor & Fuest Capital Managers says activist investor David Einhorn has a good point and that Apple is going against its longer term goal to distribute cash back to its shareholders.
Andrew Tonner, Technology and Media Financial Editor at The Motley Fool tells you why Apple is the most misunderstood stock.
Preferred stocks are a special class of investments that have several unique features. Those features often make them confusing to investors. So what exactly are preferred stocks? CNBC explains.