|Bid||0.00 x 800|
|Ask||215.20 x 1100|
|Day's Range||199.32 - 204.50|
|52 Week Range||198.44 - 275.31|
|Beta (3Y Monthly)||1.08|
|PE Ratio (TTM)||14.86|
|Earnings Date||Jan 16, 2019|
|Forward Dividend & Yield||3.20 (1.44%)|
|1y Target Est||273.65|
With 2018 winding down, Goldman Sachs recommends paying attention to some key market topics that could play important roles in 2019.
“We believe the USD has reached its peak at around current levels,” Morgan Stanley’s global head of FX strategy Hans Redeker wrote in a note. Escalating trade tensions, climbing Treasury yields and a robust U.S. economy have fuelled investor demand for the world’s biggest reserve currency. The Bloomberg Dollar Spot Index has gained 8 percent since mid-April, cheered on by bullish hedge funds who recently raised their net long positions on the currency to the highest since January 2017.
As the US heads into a bumper year for tech IPOs, JPMorgan Chase is betting that it can shrug off the loss of two of its most senior tech bankers and break the duopoly of Goldman Sachs and Morgan Stanley ...
While generally upbeat about the outlook, Powell on Wednesday listed three possible challenges to growth in 2019: slowing demand abroad, fading fiscal stimulus at home and the lagged economic impact of the Fed’s past rate increases. The central bank is widely expected to raise rates for the fourth time this year in December -- and Powell did nothing to disabuse investors of that notion, playing down the significance of the recent stock market sell-off while playing up the performance of the economy. The median forecast of policy makers in September was for three increases of a quarter percentage point each in 2019.
Could Gold Be the Best Bet amid Increased Economic Uncertainty? In March this year, Goldman Sachs (GS) turned bullish on gold for the first time in the last five years. As reported by Bloomberg, Goldman Sachs’s (GS) analysts wrote, “While we think that the U.S. cycle still has room to run it doesn’t mean that markets will not worry about it coming to an end.” The analysts added, “Going forward, we expect market ‘fear’ of a U.S. recession to strengthen.
Solomon made the comments in a voicemail sent to employees on Wednesday, weeks after U.S. prosecutors unveiled criminal charges against two former Goldman bankers tied to the alleged theft of billions of dollars from 1MDB, according to a transcript of a voicemail sent to employees on Wednesday which the bank gave to Reuters on Thursday. The government of former Malaysian Prime Minister Najib Razak set up 1Malaysia Development Berhad, or 1MDB, in 2009.
Investment banking giant The Goldman Sachs Group, Inc. ( GS) is a member of the Dow Jones Industrial Average and is in bear market territory at 26.5% below its all-time intraday high of $275.31 set on March 12. The diversified investment banking giant Morgan Stanley ( MS) is also in bear market territory at 26.5% below its 2018 intraday high of $59.38, also set on March 12. One reason is the global debt story! Goldman Sachs and Morgan Stanley likely have exposures around the world.
“I am personally outraged that any employee of the firm would undertake the actions spelled out in the government’s pleadings,” the firm’s chief executive officer said in a voicemail left with employees on Wednesday. The bank’s stock has suffered since prosecutors implicated a trio of Goldman Sachs bankers in a multibillion-dollar Malaysian fraud early this month. On Monday -- when the country’s finance minister said he would seek a full refund of all the fees it paid for 1MDB deals -- Goldman’s shares tumbled the most in seven years.
As the options become increasingly valuable, banks have to sell more and more futures contracts to try and contain their losses. Its impact on Tuesday, when West Texas Intermediate crude slumped $4.24 to $55.69 a barrel, was exacerbated by the large number of options involved.
Goldman (GS) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
News of Berkshire Hathaway's latest 13-F filing made the rounds last night, offering some hope to beleaguered investors as Warren Buffett, at least as of September 30, had climbed into the foxhole next to you.
Shares of J.P. Morgan Chase & Co. surged 1.6% in premarket trade Thursday, after Warren Buffett's Berkshire Hathaway Inc. disclosed a new stake of 35.66 million shares in the banking giant as of Sept. 30. The new stake represents 1.1% of the shares outstanding. At the same time, Berkshire boosted its stake in Goldman Sachs Group Inc. by 5.1 million shares, while trimming its Wells Fargo & Co. investment by 9.65 million shares. Goldman's stock rose 0.6% in premarket trade, while Wells shares edged up 0.1%. Berkshire also sold off the 1.39 million shares of Walmart Inc. during the quarter, but the stock tacked on 1.7% premarket after the discount retail behemoth reported fiscal third-quarter earnings that beat expectations and raised its full-year outlook, while revenue came up short. J.P. Morgan's stock has edged up 0.4% year to date and Walmart's stock has gained 2.8% through Wednesday, while Wells shares have shed 14%, Goldman's stock has tumbled 20.5% and the Dow Jones Industrial Average has gained 1.5%.