Goldman Sachs Group Inc. shares rose Tuesday as the bank beat lowered profit expectations for the third quarter, while confirming plans to reorganize into three business units in a move Read more
Tag: security brokering
Want to keep beating the S&P 500 and at much lower risk? Bet on Buffett, and perhaps this younger clone, says this fund manager
Optimism from a bullish start to the week is set to spill over into Tuesday’s session, with stock futures tearing higher. That’s as Goldman Sachs — and Netflix later — Read more
Where Goldman says investors should be looking for bargains. Hint: the S&P 500 is too expensive
The S&P 500 index has declined by 22.7% year to date, but strategists at Goldman Sachs think it’s still too expensive. The large-cap index started the year with a price-to-earnings Read more
‘Material risk’ looms over stocks as investors face bear market’s ‘second act’
Stock-market investors have been adjusting to the jump in interest rates amid high inflation, but they have yet to cope with profit headwinds faced by the S&P 500, according to Read more
One of Wall Street’s biggest bulls just cut their year-end S&P 500 target to 4,000
Oppenheimer’s top markets guru has just cut his year-end price target for the S&P 500 for the second time in three months, as one of the most bullish research shops Read more
Kakao shares slump in South Korea after data-center fire disrupts services
Kakao Corp. shares 035720, -5.35% slumped early Monday after a fire at one of its data centers over the weekend disrupted its popular messaging app and other fintech services. Shares Read more
Goldman Sachs to merge businesses into 3 divisions in sweeping reorganization
Goldman Sachs Group Inc. plans to fold its biggest businesses into three divisions, undertaking one of biggest reshuffles in the Wall Street firm’s history. Goldman GS, -2.31% will combine its flagship investment-banking Read more
JPMorgan profit falls but beats estimates while Morgan Stanley misses
JPMorgan Chase & Co. shares rose Friday after the megabank beat analyst targets for third-quarter profit and revenue and said it would top forecasts for its net interest income in Read more
Apple gets into the savings game as it deepens financial push
Apple Inc. is deepening its involvement in the world of financial services. The consumer-electronics company plans to let Apple Card users park their Daily Cash in a high-yield Goldman Sachs Read more
Retirees are leaving work earlier than expected and living on less
More than half of retirees left work before they planned, often for reasons beyond their control, which limited their ability to save and reduced their income in retirement, according to Read more