|Bid||0.00 x 1200|
|Ask||235.29 x 900|
|Day's Range||234.83 - 238.52|
|52 Week Range||218.89 - 275.31|
|PE Ratio (TTM)||18.79|
|Earnings Date||Oct 16, 2018|
|Forward Dividend & Yield||3.20 (1.40%)|
|1y Target Est||275.14|
Investing.com - Metal prices were in rally mode Friday as copper hit 12-week highs, shrugging off a strong dollar on easing trade war fears, though analysts warned downside momentum could resume.
Naturally, Warren Buffett’s and his lieutenant stock picks are often at the top of most investors must see list. While it’s not Buffett’s first foray with owning Goldman, it is his biggest outright purchase of GS stock. The truth is, Goldman Sachs could be quickly becoming a great Buffett pick.
Goldman Sachs (GS) is charged of violating the deal that was made in 2001 over the acquisition of Epoch Partners from its founders Schwab, TD Waterhouse and Ameritrade.
DEEP DIVE The Dow Jones Industrial Average (DJIA) rose to an intraday high Thursday, closing with a 1% gain. The S&P 500 Index (SPX) was up 0.8% after setting another intraday record, following the latest round of good economic news.
The U.S. dollar index has lost more than 1 percent this week, but this follows months of strong demand over U.S.-China trade-related tensions, as investors bet the greenback would gain at the expense of riskier currencies. "The risk aversion this summer created significant emerging market destocking, particularly in China, as consumers attempted to avoid a strong dollar and tariffs by liquidating inventories," Goldman said in a note dated on Thursday. A stronger greenback makes the purchase of dollar-denominated international commodities more expensive for holders of other currencies, making buyers and users more likely to draw on any stored materials in preference to imports.
Goldman Sachs Group Inc.’s stock-trading chief is leaving the firm, the first senior departure as incoming Chief Executive David Solomon sets priorities and puts his own team in place. Paul Russo, who has run Goldman’s equities business since 2012, is negotiating his exit and is likely to depart in the coming weeks, according to people familiar with the matter. The firm is likely to give additional responsibilities to three executives—Brian Levine, Jeff Nedelman and Phil Berlinski—while Mr. Russo’s counterpart, Michael Daffey, continues to head the business globally from London, some of the people said.
Former Bear Sterns CEO Alan Schwartz explains how the Federal govenrment stepped in and set the historic price of $2 a share for Bear Stearns and its sale to JPMorgan Chase.
The job cuts come as the entire banking industry re-assesses the role that branches and staff play in a world where most customers prefer to handle their banking on mobile phones.
Ten years past the financial crisis, former Bear Stearns CEO Alan Schwartz has been asked often about the most important lessons learned from that period.
Discount brokerages Charles Schwab Corp (SCHW.N) and TD Ameritrade Holding Corp (AMTD.O) filed suit against Goldman Sachs Group Inc (GS.N) in New York state court on Thursday over the investment bank's bid to end a 17-year-old stock-sharing agreement. The suit alleges that Goldman Sachs is violating a 2001 agreement reached when it acquired Epoch Partners, an online investment bank that Schwab, TD Waterhouse and Ameritrade founded for their investors to buy into initial public offerings.
Investing.com - The dollar fell to a nearly four-month low against its rivals on Thursday, as investors bet on an ongoing rebound in emerging-market currencies amid improved sentiment in developing economies.
Discount brokerages Charles Schwab Corp and TD Ameritrade Holding Corp filed suit against Goldman Sachs Group Inc in New York state court on Thursday over the investment bank's bid to end a 17-year-old stock-sharing agreement. The suit alleges that Goldman Sachs is violating a 2001 agreement reached when it acquired Epoch Partners, an online investment bank that Schwab, TD Waterhouse and Ameritrade founded for their investors to buy into initial public offerings.
Bank stocks have had a rough 2018 so far, but Oppenheimer is expecting strong third quarter earnings reports to spark an upsurge in their share prices, Barron's reports. Banks’ earnings fundamentals are "more solid than any time in the 33 years we have been covering the space, but the perception that the earnings power of these companies is fragile persists," writes Chris Kotowski, senior analyst for large cap banks and brokerage firms at Oppenheimer, as quoted by Barron's. He adds that capital levels are high and loan delinquencies are low, on "altogether better planes than they have ever been before." Another positive is good expense control, with bank expenses up only about 2%, Barron's adds. The KBW Nasdaq Bank Index is trailing the S&P 500 Index (SPX) by a wide margin year-to-date, as are 5 of the 6 largest U.S. banks, Bank of America Corp. ( BAC), Citigroup Inc. ( C), Goldman Sachs Group Inc. ( GS), Morgan Stanley ( MS) and Wells Fargo & Co. ( WFC).
Goldman Sachs Group Inc.’s summer of change has snagged another victim, with its stock-trading head getting set to exit the firm, according to a person with knowledge of the matter. Paul Russo was a co-head of the equity trading business that brought in $6.6 billion in revenue last year. Russo was in contention to be one of the heads of the trading division after the sudden departure of Pablo Salame and Isabelle Ealet in May. For a while, Goldman operated with a structure that had as many as six men in charge of the firm’s trading division.
Goldman Sachs (GS) to turn Simon -- its online platform for retail bond investors -- into a neutral platform by selling stakes to other brokerage houses.
Investing.com - Tencent Music Entertainment Group, China’s largest music-streaming firm, is looking to raise around $2 billion in a U.S. listing, down from the $4 billion touted before, according to sources from Reuters.
New Enterprise Associates, one of the nation’s oldest and largest venture firms, has raised roughly half of the capital planned for its new spinout, according to people familiar with the situation. The firm, to be called NewView, is expected to hold secondary shares in late-stage private companies including consumer genomics company 23andMe Inc. and education startup Duolingo Inc. NewView aims to raise about $1.37 billion, according to one of the people.
Goldman Sachs Group Inc named Dan Dees as investment-banking co-chief on Wednesday, according to an internal memo, the latest change in leadership at the Wall Street bank's business units before David ...
Blue chips in the Dow Jones held solid gains in afternoon trading Wednesday, while technology stocks lagged. Boeing broke out of a base.
Tech was a bit sleepy on Wednesday, but overall the U.S. stock market continued to push higher on the day. Unfortunately we won’t know if Facebook has bottomed until we’re looking back at the charts in hindsight.
Here are six big bank stocks that are leading the way higher and looking ready for new money, especially with a bout of recent weakness creating an attractive entry point. Bank of America (NYSE:BAC) shares are bouncing strongly off of their 200-day moving average, setting the stage for a breakout above a three-month consolidation range ahead of a possible push to the record highs set in March. When the company last reported on July 16, earnings of 63 cents per share beat estimates by 6 cents on a 0.9% decline in revenues helped by tax reform impacts.
Well, I mentioned that she needed to realize that short-term investments — say with periods of one to three years — are at risk of losing their principal. After all, in a few days, the stock market can easily lose 10% or more! The good news is that with interest rates increasing, there are more opportunities to snag higher returns from short-term investments — while also minimizing risks.