Lazard (LAZ Quote) jumped after a Merrill Lynch analyst upgraded his rating on the investment firm's shares. In raising his rating to a buy, the analyst says Lazard's asset management division is showing "meaningful improvement." The analyst also says the firm's strength in global merger advisory work should continue into next year. Shares were trading up $1.65, or 3.8%, to $45.14.
Abington Community Bancorp (ABBC Quote) surged on news that the Pennsylvania lender and Abingdon Mutual Holding would merge with Abington Savings Bank. Abington Community shareholders will get an equity stake in the new publicly traded bank. Shares were up $3.30, or 20.9%, to $19.18.
Vornado Realty Trust (VNO Quote) rose on an upgrade by an analyst at Deutsche Securities to a buy from hold. On Tuesday, the real estate investment trust announced it was buying the Manhattan Mall in New York for about $689 million. Shares were up $1.57, or 1.3%, to $125.35. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
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