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Zacks.com Features the Following Top Stocks in the Investment Management Industry: Citigroup, Goldman Sachs, Merrill Lynch, and Legg Mason.


CHICAGO -- The All Stars are here with four recommendations to help you broker a profitable investment in the investment management space. Read about Citigroup, Inc. (NYSE NYSE

See: New York Stock Exchange
:C), The Goldman Sachs The Goldman Sachs Group, Inc., or simply Goldman Sachs (NYSE: GS) is one of the world's largest global investment banks. Goldman Sachs was founded in 1869, and is headquartered in the Lower Manhattan area of New York City at 85 Broad Street.  Group, Inc. (NYSE:GS), Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis.  (NYSE:MER mer

Among the Cheremi and Udmurt peoples of Russia, a sacred grove where people of several villages gathered periodically to hold religious festivals and sacrifice animals to nature gods.
), and Legg Mason Founded in 1899, Legg Mason, Inc. (NYSE: LM) is a leading Global Asset Management Firm that serves the institutional, mutual fund and wealth management markets. The firm is headquartered in Baltimore, Maryland, and is located on Lombard and Charles Streets in the Legg Mason , Inc. (NYSE:LM). Discover the full story at Zacks.com http://at.zacks.com/?id=96

What Do The All Stars Recommend:

Citigroup, Inc.'s (NYSE:C) diversified business platform was of great use to the company in its third quarter, as strong results from its consumer businesses helped earnings per diluted share to reach $1.02. That was enough to advance from last year while also topping the consensus by approximately +3%. Citigroup's global consumer businesses, which helped to offset soft capital markets activity, watched income jumped +23% to $3.07 billion. Meanwhile, revenue improved +15% to $11.7 billion. Card income rose +29% to $1.27 billion, while consumer finance advanced +35% to $643 million and retail banking increased +15% to $1.23 billion.

The Goldman Sachs Group, Inc. (NYSE:GS) posted third quarter diluted earnings of $1.74 per share, compared to $1.32 in the year-ago quarter. The result was more than +19% ahead of the consensus. Some of the highlights in the quarter included net revenues of $1.87 billion in Fixed Income, Currency and Commodities (FICC FICC Fixed Income Clearing Corporation
FICC Federal Identity Credentialing Committee
FICC Federal Interagency Coordinating Council
FICC Fixed Income, Currency and Commodities
FICC Frequency Interference Control Center
), versus last year's $879 million. Strong results in mortgages, commodities, credit products and interest rate products helped to spark this increase.

Merrill Lynch (NYSE:MER) posted third quarter earnings per share of 93 cents, which topped the consensus by more than +1%, but fell from the year-ago level due to reduced activity levels. However, analysts are still paying close attention to Merrill Lynch because of its encouraging future. The company has been repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery.  its business model for several years now, which kept it on track for record earnings for the first nine months of 2004.

Legg Mason, Inc. (NYSE:LM) reported diluted earnings of 81 cents per share Cents per share

The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned.
 for its September quarter on net revenues of $568 million. That earnings result bettered the consensus by almost +4% while net revenues advanced by +24% from last year. Both of those results were the highest in the firm's history. Assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. , as of September 30, 2004, aggregated $311 billion. That's up +31% from $236.9 billion last year and up +5% sequentially.

For full analysis and top picks for this sector, click: http://at.zacks.com/?id=97

About Zacks All Star Analyst Survey

Learn which brokerage analysts are the best in their field and what stocks they're recommending today at Zacks All Star Analyst survey.

This exclusive survey, created with Fortune Magazine, reveals the "Best-of-Breed" brokerage analysts. They are the select group of winners from a field of 5,500 brokerage analysts - the ones who consistently beat the street - the few that individual investors should be following. Visit http://at.zacks.com/?id=98

All Star Top Picks Highlighted in FREE Investment Newsletter

Each week Zacks.com provides the All Star Top Picks for another sector followed by Wall Street's top analysts. It's included in Zacks free E-mail See Internet e-mail service.  newsletter, "Profit from the Pros." and highlights the "All Star Portfolio," the exclusive stock list comprised only of stocks where 5 or more All Star Analysts consider it a strong buy. The only way to get these powerful insights is with a free subscription to the "Profit from the Pros" investment newsletter. Just visit http://at.zacks.com/?id=99

About Zacks

Zacks.com is a property of Zacks Investment Research Zacks Investment Research

A firm that compiles earnings estimates and brokerage firm investment recommendations for thousands of publicly traded firms.
, Inc., which was formed in 1978 to compile, analyze, and distribute investment research to both institutional and individual investors. The guiding principle behind Zacks work is the belief that investment experts, such as brokerage analysts and investment newsletter writers, have superior knowledge about how to invest successfully. The goal is to unlock these pros' profitable insights for individual investors hard-pressed to find this valuable information in one source. A free subscription to "Profit from the Pros" weekly e-mail newsletter provides the best way to use these expert's insights for more profitable investing. Register for a free subscription to the Profit from the Pros newsletter at http://at.zacks.com/?id=100

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation solicitation

In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual
 to buy or sell any security.
COPYRIGHT 2004 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Nov 15, 2004
Words:770
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