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Stocks Climb on Dovish Fed Comments; Bernanke Up Next

Goldman Sachs Group Inc

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  • NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even as uncertainties concerning monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.

  • Midday Glance: Banks companies Tuesday, 21 May 2013 | 1:16 PM ET

    Bank of America Corp. fell$. 05 or. 4 percent, to $13.46. Citigroup Inc. rose$. 22 or. 4 percent, to $51.82. Goldman Sachs rose $2.07 or 1.3 percent, to $160.97.

  • *Home Depot raises outlook, shares hit record intraday high. *JPMorgan shares hit highest since February 2001. NEW YORK, May 21- U.S. stocks gained on Tuesday as a record intraday high for Home Depot helped lift the blue-chip Dow, but investors were cautious a day ahead of congressional testimony from Federal Reserve Chairman Ben Bernanke.

  • GLOBAL MARKETS-Shares edge higher but crude oil weakens Tuesday, 21 May 2013 | 12:47 PM ET

    NEW YORK, May 21- Stock markets around the world edged higher on Tuesday amid signs of improving growth, even though questions about monetary policy limited gains. The euro was slightly higher, though a slowdown in British inflation sent sterling to a 7- week low on the view it could give the Bank of England more leeway to support the economy.

  • S&P cuts rating on JC Penney term loan Tuesday, 21 May 2013 | 11:31 AM ET

    NEW YORK-- Standard& Poor's Ratings Services is lowering the rating it gave J.C. Penney's term loan further into junk status because the struggling department store operator boosted the loan's size. J.C. Penney Co. increased the size of the term loan to $2.25 billion from $1.75 billion.

  • *Home Depot raises outlook, shares jump. NEW YORK, May 21- U.S. stocks were little changed in early trading on Tuesday with Home Depot at a record high and buoying the blue-chips while investors eyed congressional testimony from Fed chairman Ben Bernanke on Wednesday.

  • Early Glance: Banks companies Tuesday, 21 May 2013 | 10:36 AM ET

    Bank of America Corp. fell$. 06 or. 4 percent, to $13.45. Citigroup Inc. rose$. 30 or. 6 percent, to $51.90. Goldman Sachs rose $2.26 or 1.4 percent, to $161.16.

  • *Home Depot raises outlook, shares jump. *Goldman Sachs sees S&P 500 at 1,750 by year-end. "Given there's not a lot of economic news coming out today, it looks like we're set up for a pretty' nothing' day," said Kim Forrest, senior equity research analyst at Fort Pitt Capital Group in Pittsburgh.

  • HONG KONG, May 21- Hong Kong shares fell from a 3-1/ 2- month high on Tuesday, hurt by a series of fund raising moves and Goldman Sachs' exit from Industrial and Commercial Bank of China, while China markets eked out a fifth straight daily gain,. The China Enterprises Index of the top Chinese listings in Hong Kong shed 0.9 percent.

  • HONG KONG, May 21- Hong Kong shares fell from a 3-1/ 2- month high on Tuesday, hurt by a series of fund raising moves and Goldman Sachs' exit from Industrial and Commercial Bank of China. *As of 0800 GMT, Industrial and Commercial Bank of China shed 2.1 percent after Goldman Sachs ended a seven-year investment in the country's largest lender.

  • Asia Ends Mixed; Bernanke in Focus Tuesday, 21 May 2013 | 3:11 AM ET

    Caution prevailed in Asian trade on Tuesday as investors grow concerned about the duration of global monetary stimulus ahead of Federal Reserve chief Ben Bernanke's testimony to the U.S Senate.

  • HONG KONG, May 21- Hong Kong shares fell from a 3-1/ 2- month high on Tuesday, while China markets looked set for their first loss in five days, hurt by a series of fund raising moves and Goldman Sachs' exit from Industrial and Commercial Bank of China. The China Enterprises Index of the top Chinese listings in Hong Kong shed 1.1 percent.

  • HONG KONG, May 21- Hong Kong shares were poised to start down from a 3-1/ 2- month high on Tuesday, with Industrial and Commercial Bank of China sliding 1.8 percent after Goldman Sachs launched a sale of their remaining stake in the leading Chinese lender.

  • Final Glance: Banks companies Monday, 20 May 2013 | 6:04 PM ET

    Bank of America Corp. rose$. 08 or. 6 percent, to $13.51. Citigroup Inc. rose$. 15 or. 3 percent, to $51.60. Goldman Sachs rose$. 72 or. 5 percent, to $158.90.

  • Gregg had been adviser to Goldman Sachs. Senator Judd Gregg as chief executive officer, in a move that may signal a desire to mend fences with ordinary Americans and U.S. Congress.

  • Three Reasons to Buy Bank Stocks Monday, 20 May 2013 | 1:25 PM ET

    Some Wall Street strategists say bank stocks will continue to outperform, given improving loan fundamentals, attractive valuations and rising dividends.

  • Midday Glance: Banks companies Monday, 20 May 2013 | 1:16 PM ET

    Bank of America Corp. rose$. 13 or. 9 percent, to $13.56. Citigroup Inc. rose$. 47 or. 9 percent, to $51.92. Goldman Sachs rose$. 94 or. 6 percent, to $159.12.

  • HONG KONG, May 20- Goldman Sachs Group Inc launched the sale of about $1.1 billion worth of Hong Kong- traded shares in Industrial and Commercial Bank of China on Monday, offering its entire remaining stake in the world's biggest bank by market value. The sale would be the final chapter in Goldman's investment alongside clients and employees in China's ICBC.

  • Early Glance: Banks companies Monday, 20 May 2013 | 10:31 AM ET

    Bank of America Corp. rose$. 03 or. 2 percent, to $13.46. Citigroup Inc. rose$. 02 or percent, to $51.47. Goldman Sachs fell$. 18 or. 1 percent, to $158.00.

  • Showdown at JPMorgan: Dimon's Role Challenged Monday, 20 May 2013 | 9:41 AM ET
    Jamie Dimon

    After a scandal filled year, the chairman and CEO of JPMorgan Chase is in one of the greatest fights of his life.