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Stock Market & Financial Investment News

News Breaks
February 11, 2014
08:17 EDTDB, GSGoldman, Deutsche Bank seek exit from uranium supplier, Reuters reports
Under the radar, Goldman Sachs (GS) and Deutsche Bank (DB) are attempting to get out of trading supplies of raw uranium known as yellowcake, a business few know they are in, reports Reuters. Both entered the uranium market in 2009, when tightening supplies threatened to send prices soaring. They would grow to handle almost a third of all uranium trades in the spot market, industry sources say. Neither firm would comment.Reference Link
News For GS;DB From The Last 14 Days
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April 15, 2015
15:59 EDTGSVIX methodology for Goldman Sachs down 1.8% to 20.75 into Q1
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15:57 EDTGSGoldman Sachs April 200 straddle priced for 2.1% movement into Q1
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14:42 EDTGSEarnings Watch: Goldman to report amid optimism on fixed income, trading
Goldman Sachs (GS) is scheduled to report first quarter earnings before the open on Wednesday, April 16, with a conference call scheduled for 9:30 am ET. Goldman is an investment bank. EXPECTATIONS: Analysts are looking for earnings per share of $4.26 on revenue of $9.35B, according to First Call. The consensus range for EPS is $4.11-$4.44 on revenue of $8.72B-$9.65B. LAST QUARTER: Goldman reported higher than expected fourth quarter profits and revenue. However, the revenue of its investment banking and institutional client services businesses fell 16% and 8% respectively versus the same period a year earlier, while the revenue of its fixed income business tumbled 19% year-over-year. In March, Goldman passed the Fed's stress test, and it raised its quarterly dividend by 5c to 65c per share. In April, Reuters reported that Global investment banking fees dropped 8% to $20B in the first quarter, representing the weakest start to the year for the fees since 2012, according to Reuters. Deal activity in Europe, Asia Pacific, and Japan was weak during the quarter, the news service stated. On a positive note for Goldman investors, The Wall Street Journal on April 2 quoted NAB Research and Deutsche Bank as saying that volatility in the currency market had risen 18% from January to mid-March, which should boost profitability for the fixed-income trading businesses at major banks. PEER RESULTS: Perhaps boding well for Goldman, JPMorgan reported on Monday that its Q1 gross investment banking revenue from its commercial banking clients had soared 68%, STREET RESEARCH: On April 7, research firm Susquehanna raised its Q1 EPS estimate for Goldman to $4.24 from $3.60, citing improved trading and fixed income forecasts. The firm increased its price target on the shares to $198 from $190 and set a Neutral rating on the shares. PRICE ACTION: Goldman's stock has jumped almost 13% over the last three months and almost 30% over the last year.
06:41 EDTDBECB authorizes new emergency funding for Greek banks, Reuters reports
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06:20 EDTDBDeutsche Bank fined $8.4M by Dubai Financial Services Authority
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06:11 EDTGSRegulators seek to end 'too big to fail' firms, WSJ reports
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April 14, 2015
14:05 EDTGSGoldman Sachs April volatility elevated into Q1 and outlook
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April 13, 2015
20:02 EDTDBDeutsche Bank to reach decision on future business model next week, Reuters says
Deutsche Bank's management board will reach a decision on the company's future business model by next week and present its plans during an April 24 extraordinary supervisory board meeting, reports Reuters, citing the newspaper Handelsblatt. The strategy could be made public April 29, said the report. Reference Link
14:44 EDTDBDeutsche Bank decision on business model due next week, Reuters says
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08:42 EDTGSPandora rises after Spotify reportedly valued above $8B in fundraising
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06:39 EDTGSGoldman Sachs in talks to sell NPL business of Archon to D.E. Shaw, Reuters says
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April 10, 2015
17:26 EDTGSSpotify close to deal to raise $400M, WSJ reports
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April 9, 2015
16:58 EDTDBDeutsche Bank close to deal in LIBOR case, NYT reports
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16:54 EDTDBDeutsche Bank close to deal in LIBOR case, NYT reports
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07:17 EDTGSGoldman Sachs April volatility elevated into Q1 and outlook
Goldman Sachs April call option implied volatility is at 24, May is at 19, July is at 18; compared to its 26-week average of 20 according to Track Data, suggesting large near term price movement into the expected release of Q1 results on April 16.
April 8, 2015
12:36 EDTGSGoogle, Facebook not discussing Twitter buyout, Re/code reports
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10:26 EDTGSBofA Merill Lynch names De Giorgi, Assef as investment banking co-heads, FT says
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April 7, 2015
08:11 EDTGSGoldman Sachs, Morgan Stanley estimates raised at Susquehanna
Susquehanna raised its estimates for both Goldman Sachs (GS) and Morgan Stanley (MS) to reflect a strong quarter for FICC driven by interest rate and currency volatility and more stable credit markets as well as better I&L. Susquehanna maintains Neutral ratings on both Goldman Sachs and Morgan Stanley shares.
April 6, 2015
18:01 EDTGSCanada GEN Investment to sell 73.39M shares of General Motors to Goldman Sachs
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16:31 EDTDBDeutsche Bank begins talks to sell Plenary Group stake, AFR says
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