News
E*Trade shares tumble after surprise loss
www.reuters.com
[Reuters] - "The provision was unusually high, as credit issues re-emerged, reinforcing our view that there is still some balance sheet risk in the story," David Trone, an analyst at JMP Securities, said in a note to clients. E*Trade also took a $13 million charge
Google News: Morgan Stanley Swings to Loss, Bond Trading Rebounds
[NASDAQ] - "The FICC-driven beat is now anti-climactic," said JMP Securities analyst David Trone, referring to better-than- expected revenue from the fixed income, currencies and commodities business. Mr. Trone added, with "a core ROE of about 4%, we see no
BofA's Profit Beats Some Estimates as Capital Levels Improve
www.sfgate.com
[San Francisco Chronicle] - Analysts, including David Trone of JMP Securities LLC and Ed Najarian of International Strategy & Investment Group Inc., said operating results beat their estimates, and the bank reported capital levels improved. Chief Executive Officer Brian T
Trading gains boost Piper Jaffray results
www.marketwatch.com
[MarketWatch] - In a note to clients, JMP Securities analyst David Trone wrote that while Piper Jaffray's results were well above Wall Street's expectations, "the vast majority of the upside resulted from trading gains which are volatile and not likely to recur and
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