|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|
|Forward Dividend & Yield||3.20 (1.40%)|
|1y Target Est||N/A|
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.
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.
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.
Investing.com - The dollar fell to a nearly four-month low against its rivals on Thursday, as investors bet on an ongoing rebound in emerging-market currencies amid improved sentiment in developing economies.
Goldman Sachs (GS) to turn Simon -- its online platform for retail bond investors -- into a neutral platform by selling stakes to other brokerage houses.
Investing.com - Tencent Music Entertainment Group, China’s largest music-streaming firm, is looking to raise around $2 billion in a U.S. listing, down from the $4 billion touted before, according to sources from Reuters.
New Enterprise Associates, one of the nation’s oldest and largest venture firms, has raised roughly half of the capital planned for its new spinout, according to people familiar with the situation. The firm, to be called NewView, is expected to hold secondary shares in late-stage private companies including consumer genomics company 23andMe Inc. and education startup Duolingo Inc. NewView aims to raise about $1.37 billion, according to one of the people.
Blue chips in the Dow Jones held solid gains in afternoon trading Wednesday, while technology stocks lagged. Boeing broke out of a base.
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.
(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 with the matter told Reuters.
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.
J.P. Morgan Chase, Barclays, HSBC Holdings, Credit Suisse, Wells Fargo and Prudential Financial were in advanced talks to take stakes in the business, valuing Simon at about $100 million, a source familiar with the matter said. Morgan Stanley and Bank of America announced their backing of a rival structured notes sales platform called Luma in July. Goldman Sachs GS shares jumped 2 percent after word it has lined up rival banks to take stakes in its three-year-old app devoted to selling complex investment products.
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.
As part of its capital return plan, JPMorgan Chase (JPM), the largest US bank, has declared a massive 43% rise in its quarterly cash dividend. The bank will pay the dividend on October 31 to shareholders of record as of October 5. Based on yesterday’s closing price of $114.30 per share, the dividend yield is 2.8%, which is the second-highest among the top five US banks based on market capitalization.
Former White House economic advisor Gary Cohn said President Donald Trump will work with Congress to pass a massive debt-fueled infrastructure bill if Democrats take control after November elections.
Trump Adds $267B Tariff Insult to $200B Tariff Injury Not only will the Trump Administration slap tariffs on $200 billion in Chinese goods by next week, or so is being announced on every scrap of financial media this morning, but the tariff rate will be doubled in 2019. This puts the total amount of goods […] The post Market Morning: Trump Tariff Tantrum, Buybacks Booming, Moon to Pyongyang, Cannabis Coke appeared first on Market Exclusive.
South Africa-based financial technology firm JUMO plans to expand in high-growth Asian markets after securing the backing of Goldman Sachs in an equity funding round, the company's chief executive said. ...
When Goldman Sachs Group Inc. purchased commodities brokerage J. Aron & Co. 37 years ago, it acquired a bloodline of executives that would come to dominate the firm’s upper reaches for years. Lloyd Blankfein, who joined J. Aron as a gold salesman in 1982 and became Goldman’s chief executive in 2006, is retiring on Oct. 1. The cadre of J. Aron alumni he elevated as he rose—Gary Cohn, Harvey Schwartz, Isabelle Ealet, Edith Cooper and others—is mostly gone.
"I think Jamie [Dimon] would make a phenomenal president. Cohn's comments came less than a week after the J.P. Morgan Chase chief said he could beat Trump in a head-to-head election. The former Goldman Sachs executive announced his resignation as Director of the National Economic Council in March.