|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||172.37 - 176.26|
|52 Week Range||172.37 - 275.31|
|Beta (3Y Monthly)||1.02|
|PE Ratio (TTM)||12.60|
|Forward Dividend & Yield||3.20 (1.81%)|
|1y Target Est||N/A|
DEEP DIVE Brutal price action continued for U.S. stock investors Friday, with all three major indices ending with big declines. Johnson & Johnson (JNJ) led the largest companies lower, with the shares dropping 10%, after Reuters reported that the company knew for decades that its baby powder was contaminated with asbestos.
really used to refer to the guys at Goldman "the evil empire". The joke on the trading floor once upon a time was that if you realized today that you needed a thousand birthday cakes, that Goldman bought the bakery yesterday... oh, you meant hammers, not birthday cakes... yeah, they bought the hardware store too. Turns out that here in 2018, even though the names have changed, that Goldman Sachs is still a leader, a leader in under-performance that is.
The consumer goods and medical company slumped about 7%, wiping off $24 billion from its market capitalization, after Reuters reported that it knew about the presence of asbestos as early as 1971 and hired ghostwriters to redraft studies of its baby powder.
In the last few weeks, many brokerage firms have cut Apple’s (AAPL) target price. Last month, Goldman Sachs (GS) slashed Apple’s 12-month target price from $209 to $182. Goldman Sachs cut the target price due to lower-than-expected demand for the iPhone XR and slowing demand for Apple products in China (FXI). On December 4, analysts at HSBC downgraded Apple’s rating to a “hold” from a “buy.” HSBC thinks that Apple’s hardware growth will be stagnant.
The S&P 500 fell 27 points or 1% as of 9:30 AM ET (14:30 GMT), while the Dow decreased 189 points, or 0.7%, and the tech-heavy Nasdaq Composite slipped 88 points, or 1.2%.
Wall Street banks are offloading leveraged loans at discounted prices and demanding that borrowers accept less advantageous terms, as they move to protect themselves from rapidly weakening demand in a previously hot corner of the credit market. The development reflects mounting concern from investors about the quality of loans used to finance private equity buyouts, following a series of warnings from central bankers this year.
Then Thursday morning I am watching Worldwide Exchange being hosted by my friend Dominic Chu, and he asks a portfolio manager whether he sees value in the oils, and the manager says they are great buys because, in part, they have stopped going down even as oil just plummeted 30%. , one of the best oil companies in the world, with real growth and a very good balance sheet, just doesn't seem like the smart thing to do. Why did I think critically about the portfolio manager who raved about the oils?
Investing.com - The Dow closed higher Thursday, despite giving up most of its gains, as optimism over U.S.-China trade faded and weakness in financials weighed.
In the latest trading session, Goldman Sachs (GS) closed at $175.84, marking a -0.49% move from the previous day.
Now in Blankfein’s final weeks as chairman of Wall Street’s most influential bank, things have gone wrong. Goldman’s role raising about $6.5 billion for 1MDB has become one of its ugliest scandals in a generation.
Goldman Sachs Group Inc (GS.N), JP Morgan Chase & Co (JPM.N), Citigroup Inc (C.N) and Credit Suisse Group AG (CSGN.S) have invested $17.5 million in AccessFintech, a startup that sells technology to help financial firms better handle business errors, the companies said on Thursday. Israel-based AccessFintech has created a network that aggregates and helps resolve so-called business "exceptions", or errors that financial institutions make when carrying out business activities and that require interventions to be resolved. AccessFintech's technology will help reduce the time and resources needed to resolve these issues by helping financial institutions communicate with each other.
'If you don't know how to conduct yourself as a responsible, courteous and balanced human being, the fault lies exclusively with you.'
Shaktikanta Das, 61, a former economic affairs secretary at the Finance Ministry, took charge at the Reserve Bank of India for a three-year term on Wednesday, two days after Urjit Patel quit amid worries that the government was encroaching on the central bank’s turf. Das, a career bureaucrat, is seen as someone who can ease tensions with the state, prompting a mixed reaction from markets.
Wall Street banks and conservative policy makers in Congress are pressing regulators to water down a key element of the protections designed to prevent another major financial crisis.
Currently, Apple (AAPL) shares are trading at $169.60. The stock is trading 27% below its 52-week high of $233.47. The shares have declined close to 25% since the beginning of October, which indicates a return of 1.7% since the beginning of 2018.
Jonathan Tepper and Denise Hearn argue in their new book, The Myth of Capitalism , that investors Warren Buffett and Peter Thiel hate competition and love monopolies.
Banks get beaten down. What can fix the banks? With CNBC's Melissa Lee and the Fast Money traders, Steve Grasso, Karen Finerman, Dan Nathan and Guy Adami.
One big time Wall Street CEO is calling out the men afraid to be alone with a woman in the #MeToo era. Yahoo Finance’s Alexis Christoforous and Julia La Roche discuss.
Moody’s says it foresees a “favorable operating environment” for banks in 2019 amid strong earnings and other positive economic indicators. Yahoo Finance’s Alexis Christoforous and Moody’s Investors Service VP & Senior Credit Officer Rita Sahu discuss.