235.00 -0.34 (-0.14%)
After hours: 7:28PM EDT
|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.
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.
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.
The dust had yet to settle on the global financial crisis in 2009 when an unlikely Wharton grad set in motion a fraud of unprecedented gall and magnitude - one that would come to symbolize the next great threat to the global financial system. Wall Street Journal correspondents Wright and Hope transform their investigation of a mind-boggling financial fraud into a nonfiction thriller tracking the rise and fall of Jho Low.
CEO of Aperture Investors says perform or take a pay cut to his portfolio managers. Yahoo Finance's Seana Smith, Dion Rabouin, and Jennifer Rogers discuss with CEO Peter Kraus.