236.35 +0.77 (0.33%)
After hours: 7:58PM EDT
|Bid||0.00 x 1000|
|Ask||0.00 x 1000|
|Day's Range||229.52 - 236.28|
|52 Week Range||218.89 - 275.31|
|PE Ratio (TTM)||18.81|
|Earnings Date||Oct 16, 2018|
|Forward Dividend & Yield||3.20 (1.40%)|
|1y Target Est||276.23|
Goldman Sachs Group Inc. is nearing a deal to spin off its three-year-old app that sells complex investment products, the bank’s latest bid to profit from its internal technology. JPMorgan Chase & Co., Barclays PLC, HSBC Holdings PLC, Credit Suisse Group AG, Wells Fargo & Co. and insurer Prudential Financial Inc. are in advanced talks with Goldman to take stakes in the business, called Simon, people familiar with the matter said.
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.
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.
(Reuters) - Goldman Sachs is in advanced talks with several financial companies to spin off its three-year-old app, Simon, which sells complex financial products to retail investors, a source familiar ...
Goldman Sachs is in advanced talks with several financial companies to spin off its three-year-old app, Simon, which sells complex financial products to retail investors, a source familiar with the matter ...
For most of 2018, the stock markets have been suffering from a slew of headlines about global tariff wars. Bank stocks in general have been under pressure though. Bank of America (NYSE:BAC) stock is only up 4% for the year, but it’s not alone.
Financial stocks traded broadly higher, with the group the biggest gainer among the S&P 500's 11 sectors, as the jump in Treasury yields helped provide a boost to the banks. The SPDR Financial Select Sector ETF ran up 1.5% toward a six-month high, with 62 of 68 equity components trading higher. Among the Dow Jones Industrial Average's financial components, J.P. Morgan Chase & Co.'s stock was up 2.5% to be the Dow's biggest gainer and Goldman Sachs Group Inc.'s stock climbed 2.3%. The combined price gains of those stocks adding about 55 points to the Dow's price, which was up 212 points. Elsewhere, shares of Bank of America Corp. rallied 2.3%, of Citigroup Inc. hiked up 2.6% and of Wells Fargo & Co. rose 1.2%. The yield on the 10-year Treasury note rose 3.7 basis points to a four-month high of 3.085% after better-than-expected housing starts data. Higher Treasury yields can give a boost to bank earnings, because that can increase the spread between what the banks make on longer-term assets and what they pay for shorter-term liabilities.
The Wall Street firm has been mulling a spinoff of the app, called Simon, which it developed as a way to sell bond-like investment products to retail investors through brokers.
Goldman Sachs Group Inc. named Dan Dees to help run Wall Street’s top investment-banking franchise as leadership changes spread ahead of David Solomon’s reign as chief executive officer. Dees, who’s tended to clients including Tesla Inc. and Snap Inc., will head the bank’s most profitable unit along with Gregg Lemkau and Marc Nachmann, according to a message sent to the firm’s employees.
Third-quarter earnings may be another catalyst, as Oppenheimer sees reasons for optimism. Where we were: Bank stocks haven’t performed as well as many hoped this year. Where we’re headed: Bank earnings have been more robust than the Street believes, argues Oppenheimer, and could help push the stocks higher.
Goldman Sachs Group Inc. is nearing a deal to spin off its "Simon" app, which sells investment productions to retail brokers, The Wall Street Journal reported on Wednesday. JPMorgan , Barclays , HSBC , Credit Suisse, Wells Fargo and insurer Prudential are in advanced talks with Goldman on buying stakes in the business, the paper reported. The deal under review values Simon at about $100 million and is expected to be finalized in the coming weeks. Goldman has started to open up its software to clients and rivals, licensing outs its trading and risk management system and spinning out internal chat rooms. Shares were up 1.6% Wednesday, but have fallen 9% in 2018, while the S&P 500 has gained 9%.