It took many years for it to happen, but the collapse of the banking system and resultant recession provided the environment for pent up anger and endless negative press coverage to take its toll on Goldman Sachs (NYSE:GS).
And while there are those continuing to snip at the legs of the financial giant, a slight breather [...]
Opinion Articles
Goldman Sachs (NYSE:GS) In Long-Term Horizon to Repair its Reputation
U.S. Bancorp (NYSE:USB), New York Community Bank (NYSE:NYB) and PNC Financial Services (NYSE:PNC) Strongest Among Regional Banks Says Fitch
The market seems to have factored in most negative elements in relationship to the major banks, but there is a lot to come this year for regionals, and the strongest of them at this time according to Fitch ratings include U.S. Bancorp (NYSE:USB), New York Community Bank (NYSE:NYB) and PNC Financial Services (NYSE:PNC).
Even though major [...]
Investors Continue to be Bullish on Goldman Sachs (NYSE:GS)
The populist uprising against Goldman Sachs (NYSE:GS) has done little to deter the bullish attitude of investors toward the company, and they continue to pour money into the financial institution, as confidence they’ll continue to excel is strong.
This is one important thing to keep in mind for investors and those watching the media circus surrounding [...]
Citigroup (NYSE:C) Shares Continue to Rise
It’s fun watching the Citigroup (NYSE:C) shares rise, as it reminds you of people making huge investments based on nothing but the herd mentality, as Citigroup has nothing happening to it that justifies the stock being bid up like it is, but I know those moving in and out of the market are loving it.
Since [...]
Former JPMorgan (NYSE:JPM) Cazenove Partner Malcolm Calvert Convicted of Insider Trading
In a somewhat surprising finish to a high-level trial in Britain, former JPMorgan (NYSE:JPM) Cazenove partner Malcolm Calvert was convicted five counts of insider trading.
The lawsuit was filed by the Financial Services Authority, which has won two other cases over the last year or so. Calvert, 65, could be sentenced up to seven years in [...]
Is Investing in Citigroup (NYSE:C) a Fool’s Game at this Time?
While shares of Citigroup (NYSE:C) have had a nice upward swing lately, reaching its 2010 high of $3.81, and up by about 12 percent over the last several days, it seems a rather irrelevant event in my opinion, and nothing in the fundamentals justifies a big move up, other than the fact it’s prices so [...]
March 9th, 2010 | Gary | Comments | Continued
Union Pension Fund Sues Goldman Sachs (NYSE:GS)
The pension fund of the International Brotherhood of Electric Workers has sued Goldman Sachs (NYSE:GS), claiming the company paid their executives too much money, and are seeking to recover some of it for their shareholders.
This isn’t the first time Goldman has been sued in regard to pay, as a suit close to the same type [...]
Wells Fargo (NYSE:WFC): HAMP a Disaster
In view of the disaster HAMP has become, Wells Fargo (NYSE:WFC) was recently asked by president of NAB Research when the program would end for them, considering they have about 15,000 people working on and in it.
Nancy Bush, the NAB Research president, said the response was, “They just shrugged their shoulders and said maybe never.”
Bush [...]
Citigroup (NYSE:C) Hearing: “There is No Too Big to Fail”
After laying into Vikram Pandit about the size of Citigroup (NYSE:C) yesterday, and the need to take steps to shrink the company down to levels where they aren’t a hazard to the rest of the country, it got even more interesting. as the congressional oversight panel got a change to grill Herbert Allison on the [...]
March 5th, 2010 | Gary | Comments | Continued
Wells Fargo (NSYE:WFC) Economist: Housing Weaker than Believed to Be
Do you ever wonder why every time we hear some economic news that doesn’t line up with the official line, the term “unexpected” is used, as if the government or someone else is completely caught off guard by it. That’s the case with the housing market recently, as a Wells Fargo (NSYE:WFC) economist confirmed it’s [...]
March 4th, 2010 | Gary | Comments | Continued
Citigroup (NYSE:C) Survives Only Because of Government Support
A government watchdog talking to Citigroup (NYSE:C) Chief Executive Officer Vikram Pandit said the company would be in a far more difficult position if the government if the government essentially didn’t guarantee the company. It was added the company would be viewed as far more risky by outsiders as well.
I would even go further than [...]
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GS certainly does have a PR hill to climb and, as a homeowner whose investor is GS with Wells Fargo ...
It's a proposal. It's not a signed adjudicated order. It's got a ways to go. The author ...