4 Financial Stock Stories For Savvy Investment

Goldman Sachs Group (NYSE:GS): Current price $154.44

Goldman has been awarded the dismissal of bond insurer ACA Financial Guaranty Corp.’s fraud lawsuit regarding a collateralized debt obligation known as Abacus. On Tuesday, a New York state appeals court in Manhattan ordered the complaint against Goldman Sachs dismissed, overturning a lower-court decision that had allowed the case to go forward. ACA alleged that Goldman and the hedge fund firm Paulson & Co. conspired to force ACA to provide financial guaranty insurance for the Abacus transaction, and misled the insurer into believing that Paulson was a long investor when in reality it was taking a short position. The appeals court ruled that ACA could have revealed Paulson’s actual position, “but apparently chose not to.”

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GS

Morgan Stanley (NYSE:MS): Current price $24.27

Morgan Stanley shareholders are supporting the firm’s executive compensation package subsequent to the board reducing Chief Executive James Gorman’s compensation by 7 percent along with deferred bonuses for top managers. Investors voted roughly 86 percent in favor of the policy in a non-binding resolution, which was down from around 95 percent in 2012, according to a preliminary tally Tuesday at the annual meeting in Purchase, New York. Further, the shareholders selected the bank’s 14 board members, including new director Thomas Glocer, the former chief executive of Thomson Reuters Corporation (NYSE:TRI).

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MS

Alexandria Real Estate Equities (NYSE:ARE): Current price $77.07
On Tuesday, the firm announced the pricing of its public offering of 6.6 million shares of common stock at $73.50 per share, increased from an originally-sized offering of 6 million shares. Serving as joint book-running managers will be BofA Merrill Lynch, Citigroup, and JPMorgan. Beyond that, Alexandria Real Estate Equities will allow the underwriters a thirty-day option to buy as much as 990,000 additional shares.  The offering should close on or about May 17, subject to the usual closing conditions.

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ARE

Nomura Holdings (NYSE:NMR): Current price $9.26

In April, Nomura boosted retail client assets to a record 90.3 trillion yen, attaining a goal of Chief Executive Koji Nagai two years ahead of schedule, due to the stock rally. Japan’s largest brokerage added 6.5 trillion yen of assets under management in the month, marking the biggest jump since Nomura began compiling the data in 2002, according to the company spokesman Kenji Yamashita in a telephone interview.

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NMR

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