The Traderszone Network

Strange things are afoot at the New York Stock Exchange thanks to its new owners at ICE. Traders picked the parts of the story you need to know now.

The Standard & Poor’s 500 Index rally isn’t over and the gauge could jump 50 percent more by 2020 as the U.S.

Eric Cantor, the former House Majority Leader, lost his old job in a stunning defeat to a Tea Party challenger in Virginia’s Republican primary earlier this year. Cantor, like many Washington insiders before him, is going to Wall Street. Boutique investment bank Moelis & Co. announced Tuesday that Cantor, 51, will be joining as vice chairman and managing director, and would also be elected to the company’s board.

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Hank Smith of Haverford on his top picks for investors heading into fall

Deutsche Bank AG’s Asset & Wealth Management division said on Tuesday it has opened a private bank in Dallas with two former JP Morgan Private Bank executives at the helm. Mark LaRoe, a 30-year industry veteran who was previously the head of JP Morgan Private Bank in Florida and most recently its senior managing director in Dallas, was hired as Deutsche Asset’s managing director and head of the U.S.

Shares of big banking institutions could double under a best-case scenario, Rich Pzena says.

Home-improvement retailers says it’s working with banks and law enforcement.
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