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Stock Market & Financial Investment News

News Breaks
January 15, 2013
14:21 EDTGSEarnings Preview: Analysts bullish on Goldman Sachs into Q4 results
Goldman Sachs (GS) is scheduled to report Q4 earnings before the open on Wednesday, January 16, with a conference call scheduled for 10:30 am ET. Goldman is an investment banking and investment management firm. EXPECTATIONS: Analysts are looking for EPS of $3.78 on revenue of $7.91B, according to First Call. The consensus range for EPS is $2.95-$4.80 on revenue of $6.69B-$8.65B. LAST QUARTER: Goldman reported Q3 EPS of $2.85 against estimates for $2.12 on revenue of $8.35B against estimates for $7.3B. Goldman’s CEO said the company’s performance was "generally solid." The firm’s investment banking revenues surged 49% versus the same period in 2011, but client services revenue only rose 3% and net revenue from equities sank 16%. The decline in equities revenue primarily reflected significantly lower commissions and fees, due to lower market volumes, and lower net revenues in equities client execution, Goldman stated. STREET RESEARCH: Seventeen Wall Street analysts have increased their estimates for Goldman in the past four weeks, as a number of analysts predict that trading and investment banking revenue accelerated significantly last quarter, Bloomberg reported. One of the firms that raised its estimates was Credit Suisse, which on January 2 hiked its Q4 EPS estimate for the bank to $4.60 from $2.50, citing a few one-time items and a strong end to the year due to the U.S. fiscal cliff debate, improved institutional client risk appetite and stable-to-higher asset prices The firm maintained a $145 price target and Outperform rating on the shares. JMP Securities also recently became more optimistic about Goldman Sachs, as the firm upgraded the shares to Market Perform from Underperform. JMP Securities upgraded Goldman along with several other capital markets firms, citing decisions by U.S. and European policymakers to "kick the can down the road" on fiscal issues. Furthermore, core equities trading by major Wall Street investment should rise 15%, while revenue from M&A activities are poised to surge 25% in 2013, JMP Securities added. PRICE ACTION: Over the last three months, Goldman's stock has risen almost 10% to above $136, after reaching a trough of ~$114 in mid-November.
News For GS From The Last 14 Days
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October 16, 2014
07:38 EDTGSGoldman Sachs reports Common Equity Tier 1 ratio 11.8% at September 30
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07:36 EDTGSGoldman Sachs raises quarterly dividend to 60c per share
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07:36 EDTGSGoldman Sachs reports Q3 EPS $4.57, consensus $3.21
Reports Q3 revenue $8.39B, consensus $7.85B.
October 15, 2014
15:28 EDTGSNotable companies reporting before tomorrow's open
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15:02 EDTGSGoldman Sachs October 177 straddle priced for 3.7% move into Q3
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October 14, 2014
08:08 EDTGSGoldman Sachs October volatility elevated into Q3 and outlook
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October 13, 2014
07:15 EDTGSNational Association of Corporate Directors to hold a conference
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06:44 EDTGSRegulators seeking banks' auto loan data, Reuters reports
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06:37 EDTGSBlackRock, Morgan Stanley to buy shares in Link Net, WSJ reports
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October 12, 2014
13:03 EDTGSBanks agree on derivatives procedures for future crisis scenario, WSJ says
Meeting at the Federal Reserve in Washington, top banking executives from 18 large U.S., European and Japanese banks agreed in principle to wait up to 48 hours before seeking to terminate derivatives contracts and collect associated payments from a troubled financial institution, says the Wall Street Journal. Publicly traded companies in the space include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), JPMorgan (JPM), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Reference Link
October 9, 2014
08:21 EDTGSGoldman, Credit Suisse invest in digital surveillance start-up, Bloomberg says
A group of banks, led by Goldman Sachs (GS) and Credit Suisse (CS), invested $24M in Digital Reasoning, a data analytics start-up whose CEO, Tim Estes, said the banks want a way to surveil millions of e-mails, instant messages, and transcripts of calls to spot suspicious behavior "when it happens, not in an investigation three years later.” Reference Link
October 8, 2014
07:13 EDTGSBank dealers agree to revised derivatives rules, FT reports
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06:56 EDTGSBarclays lists several Large-Cap banks with the most Q3 upside
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06:35 EDTGSGoldman Sachs' outlook questioned, NY Times says
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October 7, 2014
09:17 EDTGSSecurities Industry & Financial Markets Association to hold a conference
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07:28 EDTGSWells Fargo ups price target ranges for capital markets banks
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06:51 EDTGSJustice Department set to attack more large banks by year end, NY Times says
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October 6, 2014
08:00 EDTGSBanks cooperating on corporate bond 'shopping mall,' WSJ says
A group of 12 banks, including Credit Suisse (CS), Goldman Sachs (GS), HSBC (HSBC), JPMorgan (JPM), BNP Paribas (BNPQY), and Societe Generale (SCGLY), are cooperating on a new early-stage initiative, called “Neptune,” that is intended to be a "one-stop destination" for finding buyers and sellers of corporate bonds, said The Wall Street Journal, citing people familiar with the matter, who said no single bank is leading the project. Reference Link
07:29 EDTGSHead of NYDFS reaching out to banks in wake of JPMorgan breach, FT says
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06:27 EDTGSJPMorgan hackers hit about nine other firms, NY Times says
The group of hackers that infiltrated JPMorgan (JPM) also penetrated about nine other financial institutions, according to The New York Times. Washington intelligence officials and policy makers are much more concerned about the attacks than they have disclosed, the newspaper added. Other publicly traded large banks include Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), Morgan Stanley (MS), U.S. Bancorp (USB) and Wells Fargo (WFC). Publicly traded cybersecurity companies include Barracuda Networks (CUDA), Check Point (CHKP), F5 Networks (FFIV), FireEye (FEYE), Fortinet (FTNT), Imperva (IMPV), Palo Alto (PANW), Proofpoint (PFPT), Qualys (QLYS) and Symantec (SYMC).Reference Link
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