|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||251.48 - 255.68|
|52 Week Range||209.62 - 275.31|
|PE Ratio (TTM)||27.97|
|Earnings Date||Jul 17, 2018|
|Forward Dividend & Yield||3.00 (1.17%)|
|1y Target Est||271.96|
Apr.19 -- Goldman Sachs Asset Management's Global Head of Liquidity Solutions Client Business Kathleen Hughes discusses the spike in Libor and corprate investment strategy. She speaks with Bloomberg's Julia Chatterley and Lisa Abramowicz on "Bloomberg Markets."
‘Happy days are here again’ for Goldman, but Morgan is the better buy, analysts say.Morgan Stanley, the little bank - okay, the smaller-than-Goldman-bank - that may be beating its more prestigious rival. Goldman Sachs Group Inc. had a blowout first quarter as market churn spurred investors to trade more, and the company won more business from companies seeking advice on making deals and raising money. “Happy days are here again,” wrote James Fotheringham, an analyst with BMO Capital Markets, of Goldman’s results.
Goldman Sachs Group Inc. didn’t do a very good job trading its own stock during the first quarter, as it paid about $12 million more on buybacks than if it had purchased shares at average closing prices. In the report, Goldman said it repurchased 3.0 million shares of common stock at an average cost of $264.32 a share, which translates to about $792.96 million. The average closing price during the quarter was $260.35.
Morgan Stanley (MS) stock has fallen 4.6% over the past three months and risen 28.7% over the past year. In comparison, the overall sector (XLF) has fallen 6.4% and risen 19.1%, respectively. The bank’s asset management offerings, interest income, and consistent trading revenue have continued to support its strong performance.
Wall Street analysts were upbeat about investment bankers (XLF) in 1Q18 due to an expected spike in trading. Major banks managed to beat estimates and the overall forecast for 2Q18 is lower.
Investing.com - Crude oil prices settled at nearly three-and-a-half year highs as the Joint Ministerial Monitoring Committee confirmed OPEC and its allies compliance with the deal to curb production rose to its highest ever, further stoking expectations for market rebalancing later this year.
Morgan Stanley (MS) benefited from higher volatility and posted strong operating numbers. The bank’s Institutional Securities segment posted net income of $2.1 billion, compared with $1.7 billion in 1Q17. The segment’s top line rose to $6.1 billion from $5.2 billion in 1Q17, largely due to sales and trading amid higher market volatility.
The Republican tax overhaul, passed in December, has saved some of America's largest corporations billions in taxes. Financial institutions, among the first companies that typically ring in the corporate earnings season in the U.S., have historically paid some of the highest taxes due to their domestically centered business models. America's leading banks such as JPMorgan Chase & Co. ( JPM), Goldman Sachs Group Inc. ( GS) and Morgan Stanley ( MS) saw their tax rates fall below 17% and 23% for the January through March quarter.
Goldman Sachs reported first-quarter results that handily beat on both the top and bottom lines, but its stock fell 1.6 percent after the financial report. Consumer giant Procter & Gamble may have faced a similar issue after it reported strong revenues on Thursday. "It's not the earnings beat, look at the revisions, it's the direction of the estimates that move prices," Nick Raich of The Earnings Scout said.
Morgan Stanley (MS) posted EPS (earnings per share) of $1.45 in 1Q18, higher than analysts’ estimate of $1.25 and its EPS of $1 in 1Q17. The investment bank benefited from market volatility and higher trading revenue across product offerings. It posted net revenue of $11.1 billion and net income of $2.6 billion, representing growth of 14% and 40%, respectively, helped by lower tax, higher trading, and improved efficiency.
Silicon Valley’s biggest tech companies won more fresh H-1B visas in 2017 than the year before, while the number of the visas, which are intended to help employers fill exceptionally high-skilled positions, going to Indian companies fell, according to a new analysis.
Stocks pushed higher aggressively on Tuesday, capping a two-week rally that has taken the S&P 500 back above its 50-day moving average in a big way for the first time since early March. Fears over trade wars, a geopolitical standoff in Syria, and the Special Counsel investigation into President Donald Trump and possible ties to Russia have been replaced by enthusiasm for Q1 earnings results. Amazon.com, Inc. (NASDAQ:AMZN) shares are making a move on the $1,500 threshold again, rising above their 50-day and 20-day moving averages to return to levels last seen in late March.
"We believe that the combination of strong developed markets momentum and accelerating emerging markets growth will combine to keep oil demand growth above consensus expectations, with our 2018 year on year forecast at 1.85 million barrels per day (mb/d)," Goldman said in a note dated Thursday. Global oil demand in 2018 has come in line with its optimistic expectations, with the first quarter likely to post the strongest year on year growth since fourth quarter 2010 at 2.55 mb/d, the bank said.
There’s a sense that everything is up for grabs at Goldman Sachs. For years after the financial crisis, the elite investment bank was accused of dragging its feet, not reacting quickly enough to structural forces eating away at its trading business. This week, after another strong set of figures from Goldman’s midtown rival, the gap is down to $3bn.
Dear reader, Greetings from a warm and flowery Beijing. Here’s my pick of this week’s FT stories, plus a few others that you shouldn’t miss. If you want to receive Long Story Short by email every Friday, ...
3M (MMM), a diversified technology company, is expected to report record first quarter revenues in 1Q18. 3M is projected to report 1Q18 revenues of ~$8.25 billion, which represents 7.3% growth on a year-over-year basis.
What to play in the background while you trade derivatives contracts -- a short playlist of recommendations.
No one’s going to deny that Morgan Stanley (NYSE:MS) has recently enjoyed a significant resurgence. More importantly, it beat out rival Goldman Sachs Group Inc (NYSE:GS) by a country mile. If its just-released first quarter results are any indication, Morgan Stanley stock has the right stuff.
Inc. have backed a €2.5 billion ($3.08 billion) restructuring of a decade-old buyout fund managed by Nordic Capital in the largest so-called general partner-led restructuring ever to take place. Around two thirds of the fund’s original investors sold their stakes in the fund to lead investor Coller, one of the largest buyers of second-hand private-equity investments, and the secondaries arm of Goldman Sachs Asset Management, according to a person familiar with the matter. Coller and Goldman paid an 11% premium to the assets’ net asset value.
Former Goldman Sachs chief economist Jim O'Neill - best known for coining the BRICs acronym for the fast-growing economies of Brazil, Russia, India and China - will chair British foreign policy think tank Chatham House. O'Neill chaired Goldman Sachs's asset management arm between 2010 and 2013 at the end of a long career at the investment bank. Prime Minister David Cameron made him a government minister in May 2015, a job he held until September 2016 and in which he promoted trade ties with China and infrastructure investment in northern England.
By Andrew Berlin NEW YORK, April 19 - US food contract manufacturer Hearthside Food Solutions’ leveraged buyout by private equity firms Charlesbank Capital Partners and Partners Group will be backed by ...
Investment and commercial banks (XLF) were expected to benefit from higher trading revenues and lower taxes in 1Q18. All major bankers have beat estimates, reflecting strong operating performance and comfort from lower taxes. Among major bankers, Goldman Sachs (GS) commands a mixed rating outlook, with 10 out of 27 analysts calling for “strong buy or buy” ratings. Fifteen analysts have given “neutral” ratings, and four have assigned “underperform.”