226.02 0.00 (0.00%)
After hours: 4:35PM EDT
|Bid||226.00 x 800|
|Ask||227.50 x 1200|
|Day's Range||225.58 - 230.50|
|52 Week Range||214.64 - 275.31|
|PE Ratio (TTM)||21.36|
|Earnings Date||Jul 17, 2018|
|Forward Dividend & Yield||3.20 (1.38%)|
|1y Target Est||274.73|
Among the companies with shares expected to trade actively in Friday's session are Goldman Sachs, United Parcel Service, Chevron, PayPal and Red Hat.
NEW YORK, NY / ACCESSWIRE / June 22, 2018 / Major U.S. markets closed down on Thursday, with the Dow Jones posting its 8th consecutive daily decline, as investors' attention remained fixed on trade tension ...
barely passed the Federal Reserve’s annual stress tests, raising doubts about their ability to grow dividends and buybacks over the next year. All 35 banks subject to the tests passed, despite an unusually harsh exam that featured a severe global recession, the Federal Reserve said Thursday. The two banks’ leverage ratios fell to 3.1% and 3.3% respectively because of losses on loans and trading positions in the most severe scenario, bringing them perilously close the regulatory minimum of 3%.
The Federal Reserve determined the largest U.S. banks were healthy enough to withstand a severe economic downturn and would continue lending during a crisis, as the industry posts record profits and prepares for a wave of regulatory relief. The Fed’s “stress test” scenario for the 35 largest bank holding companies, which hold 80% of the assets at banks operating in the U.S., found the firms were “strongly capitalized” and would retain adequate capital levels in severely adverse conditions, according to the first round of results released Thursday by the central bank. The positive scorecard indicates most of the banks are likely to win the Fed’s approval next week to increase dividends after a second round of results that will determine whether the firms pass or fail the annual stress-test exercise, put in place after the 2008 crisis.
A continued surge in corporate earnings will have only limited benefit for stock prices, which face multiple policy obstacles, according to Goldman Sachs. In fact, the bank's strategists have raised their S&P 500 profits expectations through 2020, but do not expect the improved climate to have a meaningful impact on equity returns.
Investing.com – Bitcoin and other major cryptocurrencies prices recovered on Thursday following a hacking attack that targeted South Korea’s Bithumb exchange on Wednesday.
The price of cryptocurrencies rebounded Wednesday despite news of fresh security breach at a crypto trading platform briefly undercut confidence. Reports that Goldman Sachs Group may expand the digital assets that it intends on trading on its cryptocurency platform may have renewed optimism in the nascent market. Bitcoin(BTCUSD)(COINDESK:BTC-USD), the world’s biggest digital currency, last traded at $6,750.90, up 0.8% Since Tuesday 5 p.m. Eastern Time on the Kraken crypto exchange.
"The bottom line is that trade wars are akin to zero-sum games or mutually assured destruction."
Inc. was sitting on a stake in the music-streaming startup worth more than $350 million, a sevenfold return on a 2012 investment. Goldman has those, too, but they are distinct from the portfolio maintained by its investment bankers, who are investing on the bank’s behalf. Inc. and payments company Square Inc. Recent investments include Ripple Foods, which makes milk from peas, and Marqeta Inc., a credit-card startup, the people said.
During a talk at the Economic Club of New York, Goldman Sachs CEO Lloyd Blankfein laid out how cryptocurrency might gain a foothold in the mainstream financial system.
Deutsche Bank upgraded Citigroup shares to buy from hold, noting the stock could get a boost from beaten-down levels given upcoming stress test results and a better business environment.
"If you could go through that fiat currency where they say this is worth what it's worth because I, the government, says it is, why couldn't you have a consensus currency?" Lloyd Blankfein said. Goldman Sachs GS CEO Lloyd Blankfein does not own bitcoin, but he did not rule out Tuesday the cryptocurrency having a future. During a talk at the The Economic Club of New York, the banker struck an optimistic tone on bitcoin.
Goldman Sachs Group Inc will pump $500 million into companies led, founded or owned by women, as it steps up efforts to close the gender investing gap, the Wall Street bank said on Tuesday. The program, Goldman Sachs' second geared toward female entrepreneurs, will also help clients invest directly in private, late-stage companies or provide seed capital for women starting their own funds. "The bottom line is this makes sense for our business – because investing and helping companies grow is our business," Stephanie Cohen, Goldman Sachs' chief strategy officer, said in a statement.
The program, Goldman Sachs' second geared toward female entrepreneurs, will also help clients invest directly in private, late-stage companies or provide seed capital for women starting their own funds. "The bottom line is this makes sense for our business – because investing and helping companies grow is our business," Stephanie Cohen, Goldman Sachs' chief strategy officer, said in a statement. The program, called "Launch With GS," follows Goldman Sachs' "10,000 Women" which debuted in 2008 to provide female entrepreneurs in developing economies with business education and access to capital.
Goldman Sachs (NYSE:GS - News) has hired Cai Wei as partner and co-head of its China investment banking division, it said in an internal memo, which was confirmed by a Goldman Sachs spokeswoman. This is the first time Goldman Sachs has hired a China partner from outside the firm. Cai was formerly a partner at venture capital firm Fountainvest, and prior to that was co-head of China investment banking at UBS(:UBSG.S) .
Goldman Sachs has hired Cai Wei as partner and co-head of its China investment banking division, it said in an internal memo, which was confirmed by a Goldman Sachs spokeswoman. This is the first time Goldman Sachs has hired a China partner from outside the firm. Cai was formerly a partner at venture capital firm Fountainvest, and prior to that was co-head of China investment banking at UBS .
When President Donald Trump barred refugees and travelers from seven majority-Muslim countries from entering the U.S. in on Jan. 27, 2017, Goldman Sachs Group chairman and CEO Lloyd Blankfein reacted with a clear condemnation of the policy. “Watching now is heart-rending and I wouldn’t be on that side,” the Goldman CEO told the Economic Club of New York, “but thank God I’m not there—it’s never right against wrong, good against evil.