Goldman Sachs, long known for its super-rich clients and well-connected executives, is starting to act a lot more like a neighborhood bank. The most Wall Street of Wall Street firms really wants people to start thinking about it the next time they need to open a bank account or borrow money. "We want to grow a robust consumer banking business," said Stephen Scherr,...
Goldman Sachs was expected to post earnings of $3.39 per share on revenue of $7.52 billion, according to analysts polled by Thomson Reuters.
NEW YORK— Goldman Sachs' earnings in the second quarter were flat with the same period a year ago, the investment bank reported Tuesday, largely due to poor performance in trading. The Wall Street firm earned $1.63 billion, basically unchanged from a year earlier. Goldman and its rival Morgan Stanley, which will report its own results on Wednesday, make most of their...
Bank stocks could see further upside if the yield curve steepens and inflation picks up, says Strategic Wealth Partners' Mark Tepper.
Good earnings and clarity on tax reform can likely send the S&P 500 10 percent higher, according to Morgan Stanley's Michael Wilson.
Stocks start the earnings season at record highs, and now it's up to corporate America to keep the rally going.
Once a driver of big profit, big bank trading desks are suffering from a lack of activity.
A bevy of big banks is set to report earnings next week, and equity strategist Matt Maley will be watching the market reaction very closely.
Singapore's Global Logistic Properties agreed to be acquired by a Chinese private equity consortium for about 16 billion Singapore dollars ($11.6 billion).
Roku made one of the first devices to offer streaming Internet content such as Netflix over TVs, but the market has since become more competitive.
Morgan Stanley's Andrew Slimmon sees the Fed raising rates too quickly as his biggest worry going forward.
Morgan Stanley downgrades Snap stock to equal weight from overweight and slashes its price target to $16 from $28.
In early Friday trade, shares of troubled commodity trader Noble Group retraced a bit of their more than 36 percent surge on Thursday.
Japan's SoftBank was aiming to raise as much as $5 billion in a U.S. dollar bond offering, according to a person familiar with the plans.
Goldman Sachs is reviewing its commodities trading following its worst first half in over a decade, according to Bloomberg.
European bourses closed higher on Monday, entering into the new month on a solid footing after markets posted gains for the first half of the year.
The “Fast Money Halftime Report” traders discuss financials after Morgan Stanley's James Gorman said he's bullish on banks.
European bourses closed lower on Friday following news that several British banks have stopped trading Qatari riyals for retail customers as the diplomatic crisis in the Gulf grows.
James Gorman, chairman and CEO of Morgan Stanley, said he sees a solid case for bank stocks.
Bank stocks rose sharply on Thursday after the Federal Reserve cleared capital returns programs for the big banks.