Legg Mason News

Western Asset Management's U.S mutual funds will shed the name of parent company Legg Mason as it seeks to boost sales.

What's more, it seems a slew of options speculators may be gambling on an extended uptrend for the equity.

U.S. institutional tax-exempt assets of the 500 largest money managers declined 5.3% in 2011, the first slip after two years of rebounds from the global financial crisis, Pensions & Investments' latest annual money manager survey shows.

So you don't have the time or the interest to pick stocks on your own. No problem -- most people don't. And congratulations for being honest with yourself.

Fixed income money manager Western Asset Management Co slashed its holdings of European bank debt and shifted to borrowings in the United States, which will benefit from stronger economic growth, Chief Investment Officer Stephen Walsh said on T hur sday.

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Legg Mason, Inc. - SWOT Analysis company profile is the essential source for top-level company data and information.

With only six months before the election, the stock market is giving President Barack Obama the worst returns since Ronald Reagan was seeking a second term.

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's stock had its "neutral" rating reiterated by equities research analysts at Nomura in a research note issued to investors on Thursday.

U.S. financial stocks fell in early trading Thursday with few standouts absent J.P. Morgan Chase & Co.

A number of other analysts have also recently weighed in on LM. Analysts at Sterne Agee upgraded shares of Legg Mason from an "underperform" rating to a "neutral" rating in a research note to investors on Monday, May 7th.

General Electric will receive a second quarter dividend of $475 million from its subsidiary GE Capital, and a $4.5 billion special dividend during the current year.

Financial stocks are underperforming the market today. The Financial Select Sector SPDR ETF , which tracks selected bank stocks, declined by 1.39% while the Dow fell by 0.26%. The heaviest losses among the big banks were at Bank of America and Citigroup , which fell 2.33% and 2.73%, respectively.

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 4 p.m. in New York.

Legg Mason Inc. was the best performer on the S&P 500 Wednesday, as the financial sector declined with the broader market, after the asset manager announced a refinancing of debt and a new share buyback program.

Legg Mason, Inc. - SWOT Analysis company profile is the essential source for top-level company data and information.

The spring 2012 issue of Columbia Business School's Graham & Doddsville investment newsletter features close encounters with noteworthy investors such as Jim Chanos, Tom Russo and Julian Robertson .

The Baltimore money manager reported preliminary assets of $639.9 billion, down less than 1 percent from $643.3 billion in March.