Keefe analyst says, "Yesterday after the close, Greenhill & Co announced that it had signed a definitive agreement to acquire Caliburn, a leading independent financial advisor in the Australasian market. 
Share:  <span class="sent"><span class="analyst">Keefe</span> analyst says, "Yesterday after the close, <span class="company">Greenhill</span> & Co announced that it had signed a definitive agreement to acquire Caliburn, a leading independent financial advisor in the Australasian market.</span> Tweet this 

Keefe Bruyette & Woods analyst Niamh Alexander downgraded shares of Interactive Brokers (NASDAQ: IBKR) today from "market perform" to "underperform." 
Share:  <span class="sent">Keefe Bruyette & Woods analyst Niamh Alexander downgraded shares of <span class="company">Interactive Brokers</span> (NASDAQ: IBKR) today from "market perform" to "underperform."</span> Tweet this 

Keefe, Bruyette & Woods downgrades Interactive Brokers Group (Nasdaq: IBKR ) from Market Perform to Underperform. 
Share:  <span class="sent">Keefe, Bruyette & Woods downgrades <span class="company">Interactive Brokers Group</span> (Nasdaq: IBKR ) from Market Perform to Underperform.</span> Tweet this 

Keefe, Bruyette & Woods downgrades IntercontinentalExchange (NYSE: ICE ) from Outperform to Market Perform. 
Share:  <span class="sent">Keefe, Bruyette & Woods downgrades <span class="company">IntercontinentalExchange</span> (NYSE: ICE ) from Outperform to Market Perform.</span> Tweet this 

"Most investors have likely long expected that Kroll would be sold, and we think MMC would be far better off deploying its net proceeds into expanding its small commercial account insurance (agency) rather than trying to grow or integrate the mostly peripheral Kroll," Mr. Shields said in referring to Marsh & McLennan Agency L. L. C. "I never thought strategically it was a great fit," said Cliff Gallant, an analyst with Keefe, Bruyette & Woods Inc in New York. 
Share:  <span class="sent">"Most investors have likely long expected that Kroll would be sold, and we think <span class="company">MMC</span> would be far better off deploying its net proceeds into expanding its small commercial account insurance (agency) rather than trying to grow or integrate the mostly peripheral Kroll," Mr. Shields said in referring to Marsh & McLennan Agency L. L. C. "I never thought strategically it was a great fit," said <span class="analyst">Cliff Gallant</span>, an analyst with Keefe, Bruyette & Woods Inc in New York.</span> Tweet this 

Investors both big and small have been taking massive stakes of Citi's shares that at this time in 2009 were teetering around the $1 mark. The venture to the brink of penny stock territory was a torturous one, but that all seems to have changed as Citi's top officials are assuring investors that a return to profitability is on the horizon. The company's return from its seemingly destined march to the graveyard has coincided with the rising star of embattered CEO Vikram Pandit. "For the most part, Citi's done a good job of improving its balance sheet and its capital position," said David Konrad, banking analyst at Keefe, Bruyette & Woods. 
Share:  Investors both big and small have been taking massive stakes of <span class="company">Citi</span>'s shares that at this time in 2009 were teetering around the $1 mark. The venture to the brink of penny stock territory was a torturous one, but that all seems to have changed as <span class="company">Citi</span>'s top officials are assuring investors that a return to profitability is on the horizon. The company's return from its seemingly destined march to the graveyard has coincided with the rising star of embattered CEO Vikram Pandit.<span class="sent"> "For the most part, <span class="company">Citi</span>'s done a good job of improving its balance sheet and its capital position," said <span class="analyst">David Konrad</span>, banking analyst at Keefe, Bruyette & Woods.</span>...Investors both big and small have been taking massive stakes of <span class="company">Citi</span>'s shares that at this time in 2009 were teetering around the $1 mark. The venture to the brink of penny stock territory was a torturous one, but that all seems to have changed as <span class="company">Citi</span>'s top officials are assuring investors that a return to profitability is on the horizon. The company's return from its seemingly destined march to the graveyard has coincided with the rising star of embattered CEO Vikram Pandit.<span class="sent"> "For the most part, <span class="company">Citi</span>'s done a good job of improving its balance sheet and its capital position," said <span class="analyst">David Konrad</span>, banking analyst at Keefe, Bruyette & Woods.</span>...Investors both big and small Tweet this 

Keefe Bruyette & Woods analyst Sameer Gokhale downgraded CapitalSource to a market perform rating from an outperform rating. Earlier this week, CapitalSource announced a cash dividend of a penny a share for its common stock for the first quarter of 2010, payable on or around , 2010. KBW's downgrade comes as shares reached $6.03 in intraday trading Wednesday, topping the analysts' $6 price target and sparking a reassessment. The bottom line: "In our opinion, the company still faces some challenges in the near term and the risk/reward proposition appears less compelling," they wrote 
Share:  <span class="sent">Keefe Bruyette & Woods analyst <span class="analyst">Sameer Gokhale</span> downgraded <span class="company">CapitalSource</span> to a market perform rating from an outperform rating. Earlier this week, <span class="company">CapitalSource</span> announced a cash dividend of a penny a share for its common stock for the first quarter of 2010, payable on or around , 2010.</span> KBW's downgrade comes as shares reached $6.03 in intraday trading Wednesday, topping the analysts' $6 price target and sparking a reassessment. The bottom line: "In our opinion, the company still faces some challenges in the near term and the risk/reward proposition appears less compelling," they wrote....<span class="sent">Keefe Bruyette & Woods analyst <span class="analyst">Sameer Gokhale</span> downgraded <span class="company">CapitalSource</span> to a market perform rating from an outperform rating. Earlier this week, <span class="company">CapitalSource</span> announced a cash dividend of a penny a share for its common stock for the first quarter of 2010, payable on or around , 2010.</span> KBW's downgrade comes as shares reached $6.03 in intraday trading Wednesday, topping the analysts' $6 price target and sparking a reassessment. The bottom line: "In our opinion, the company still faces some challenges in the near term and the risk/reward proposition appears less compelling," they wrote. Tweet this 

Price target $6. Keefe analyst says, "We are downgrading CapitalSource shares to Market Perform on valuation as the shares have reached our price target. 
Share:  <span class="sent">Price target $6. <span class="analyst">Keefe</span> analyst says, "We are downgrading <span class="company">CapitalSource</span> shares to Market Perform on valuation as the shares have reached our price target.</span> Tweet this 

Ms. Seifert said, "The fact that Mr. Benmosche was able to execute a deal of this size and on these terms gives him a lot of credibility." But, with the sale, AIG no longer will benefit from AIA's income stream, observers point out. Cliff Gallant, an analyst with Keefe, Bruyette & Woods Inc in New York, said, "It's a major contributor to the company's earnings, particularly because it did hold up relatively well, so no question, something is being lost here." AIG has not separately reported the operating results of AIA, which has more than $60 billion in assets. As the funds are being used to pare down AIG's federal debt, it won't be able to invest the money in the business, said Myron Picoult, an independent consultant 
Share:  Ms. Seifert said, "The fact that Mr. Benmosche was able to execute a deal of this size and on these terms gives him a lot of credibility." But, with the sale, <span class="company">AIG</span> no longer will benefit from AIA's income stream, observers point out.<span class="sent"> <span class="analyst">Cliff Gallant</span>, an analyst with Keefe, Bruyette & Woods Inc in New York, said, "It's a major contributor to the company's earnings, particularly because it did hold up relatively well, so no question, something is being lost here."</span> <span class="company">AIG</span> has not separately reported the operating results of AIA, which has more than $60 billion in assets. As the funds are being used to pare down <span class="company">AIG</span>'s federal debt, it won't be able to invest the money in the business, said Myron Picoult, an independent consultant....Ms. Seifert said, "The fact that Mr. Benmosche was able to execute a deal of this size and on these terms gives him a lot of credibility." But, with the sale, <span class="company">AIG</span> no longer will benefit from AIA's income stream, observers point out.<span class="sent"> <span class="analyst">Cliff Gallant</span>, an analyst with Keefe, Bruyette & Woods Inc in New York, said, "It's a major contributor to the company's earnings, particularly because it did hold up relatively well, so no question, something is being lost here."</span> <span class="company">AIG</span> has not separately reported the operating results of AIA, whi Tweet this 

Based on that difference, if Citigroup lent out $50 billion of its cash — which would restore its corporate loan book back to its size — the bank would make $2.5 billion more in annual interest revenue. Citigroup Treasurer Eric Aboaf said on a Jan. 21 conference call that stable markets will allow the bank to invest more of its cash. "There is less of a need to hold as much outright cash on the balance sheet," he said. "You will see it over time being invested in earning assets. I'm not going to predict exactly how much and when, but that is clearly the direction that we are taking.". Unused cash is a drag on profit, reflecting a shift toward safety by lenders and less demand from borrowers because of the slow economy, said Frederick Cannon, associate director of research at New York based KBW, which specializes in financial firms. 
Share:  Based on that difference, if <span class="company">Citigroup</span> lent out $50 billion of its cash — which would restore its corporate loan book back to its size — the bank would make $2.5 billion more in annual interest revenue. <span class="company">Citigroup</span> Treasurer Eric Aboaf said on a Jan. 21 conference call that stable markets will allow the bank to invest more of its cash. "There is less of a need to hold as much outright cash on the balance sheet," he said. "You will see it over time being invested in earning assets.<span class="sent"> I'm not going to predict exactly how much and when, but that is clearly the direction that we are taking.". Unused cash is a drag on profit, reflecting a shift toward safety by lenders and less demand from borrowers because of the slow economy, said <span class="analyst">Frederick Cannon</span>, associate director of research at New York based KBW, which specializes in financial firms.</span>...Based on that difference, if <span class="company">Citigroup</span> lent out $50 billion of its cash — which would restore its corporate loan book back to its size — the bank would make $2.5 billion more in annual interest revenue. <span class="company">Citigroup</span> Treasurer Eric Aboaf said on a Jan. 21 conference call that stable markets will allow the bank to invest more of its cash. "There is less of a need to hold as much outright cash on the balance sheet," he said. "You will see it over time being invested in earning assets.<span class="sent"> I'm n Tweet this