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Stock Market & Financial Investment News

News Breaks
June 27, 2014
09:10 EDTGS, MTWManitowoc acknowledges Relational's 13D filing
The Manitowoc Company (MTW) acknowledged that Relational Investors LLC has filed a Schedule 13D with the Securities and Exchange Commission reporting that it has acquired beneficial ownership of 8.52% of the company's common stock. “As an organization, we are committed to acting in the best interest of the company and all of its stakeholders. We have maintained, and will continue to maintain, an open dialogue with all of our shareholders. In fact, we have already had several conversations with Relational Investors. As part of our regular evaluation of the company’s enterprise-wide strategic imperatives to drive long-term shareholder value, we will continue to consider and review Relational Investors’ suggestions,” commented Glen E. Tellock, Manitowoc’s chairman and CEO. “We have great confidence in the strength of our business and our ability to manage the company in any market environment. The Board of Directors and management team remain committed to building value for all shareholders through the continued execution of our strategy, including margin expansion initiatives which are already delivering results, and the continued evaluation of our capital allocation policy following our substantial deleveraging since the Enodis transaction,” concluded Tellock. Goldman, Sachs & Co. (GS) is serving as financial advisor to The Manitowoc Company, Inc.
News For MTW;GS From The Last 14 Days
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April 16, 2015
07:41 EDTGSGoldman Sachs reports Q1 institutional client services revenue up 23% to $5.46B
Net revenues in Institutional Client Services were $5.46B for Q1, 23% higher than 1Q14 and 73% higher than 4Q14. Net revenues in Fixed Income, Currency and Commodities Client Execution were $3.13B for Q1, 10% higher than 1Q14, due to significantly higher net revenues in currencies and interest rate products, partially offset by significantly lower net revenues in credit products, commodities and mortgages. Net revenues in Equities were $2.33B for Q1, 46% higher than the 1Q14, due to significantly higher net revenues in equities client execution, reflecting strong results in both derivatives and cash products across all major regions.
07:38 EDTGSGoldman Sachs 'encouraged' about prospects for continued growth
“We are pleased with our results this quarter and the fact that all of our major businesses contributed,” said Lloyd C. Blankfein, Chairman and CEO. “Given more normalized markets and higher levels of client activity, we remain encouraged about the prospects for continued growth.”
07:38 EDTGSGoldman Sachs reports Q1 investment banking revenue up 7% to 1.91B
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07:38 EDTGSGoldman Sachs reports Common Equity Tier 1 ratio 11.4% at March 31
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07:37 EDTGSGoldman Sachs increases quarterly dividend to 65c per share
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07:36 EDTGSGoldman Sachs reports Q1 EPS $5.94, consensus $4.26
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07:19 EDTGSOptions expected to be active: NFLX SNDK UNH PNRA C GS SLB
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.
06:11 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
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
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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