Hints and tips:
...Alcoa, which produces aluminium, rose 2.1 per cent to $10.21 while Free-port McMoRan, the copper miner, which was upgraded by Friedman Billings Ramsey, picked up 3.4 per cent to $48.80....
...The shares dropped 16.4 per cent to $10.13, which Friedman, Billings, Ramsey analyst Scott Valentin said was “driven by misplaced chatter over a debt covenant breach.”...
...WaMu is burdened with high-risk mortgage loans Paul Miller, Friedman, Billings, Ramsey & Co The housing market continues to deteriorate; we’re seeing no stabilization out there at all....
...Analysts at Friedman, Billing, Ramsey said the government needed to inject at least $1,000bn into the financial system to restore confidence and improve liquidity....
...Scott Valentin, analyst at Friedman Billings Ramsey, said SunTrust’s depressed valuation meant the bank was now unlikely to consider a sale....
...Meanwhile, Regions Financial climbed 10.4 per cent to $12.24 after Friedman Billings Ramsey & Co upgraded the Alabama bank from “``underperform” to “market perform’’....
...An analyst at Friedman, Billings, Ramsey pointed to a number of banks, including SunTrust Banks and First Horizon, as having significant exposure to problematic residential construction loans....
...“Wall Street loved it,” says Kevin Book, an analyst at Friedman, Billings, Ramsey & Co, an investment bank. “Suddenly, wingtips were covered in corn dust in every state.”...
...Fannie Mae and Freddie Mac headed lower after Friedman Billings Ramsey analyst Paul Miller said the government-sponsored mortgage lenders each needed to raise $20bn in fresh capital....
...Billings Ramsey, a property investment group....
...IndyMac Bancorp declined 11.3 per cent to $11.08 after Friedman Billings Ramsey downgraded the mortgage lender. Countrywide Financial fell 9.4 per cent at $13.63....
...Wachovia and Friedman, Billings, Ramsey & Co raised their recommendations on the company’s shares to “market perform’’ from “underperform”....
...Intel climbed 5.2 per cent to $19.88 following bullish analyst comments and a brokerage upgrade from Friedman Billings Ramsey, which raised the stock from “market perform” to “outperform”....
...Billings Ramsey....
...Hayden, Senior Managing Director, Bear Stearns Co. F....
International Edition