All Posts Tagged With: "Goldman Sachs (GS)"

A recent article for Fortune magazine’s “Street Sweep” cites three examples of how Citigroup (C) is liberally interpreting the new Volcker rule. Selling a $3.5 billion real-estate fund to Apollo Management and a $4.2 billion fund of hedge funds to SkyBridge Capital, and it let its star commodities trader, Andrew Hall, go free to pursue [...]

Upon further review of Bank of America Corp’s. (BAC) earning announcement last week, analysts are taking a more critical review. MarketWatch is reporting that several analysts cut their price targets for the bank Monday morning. Most notably, Goldman Sachs (GS) pulled Bank of America from its conviction buy list but maintained a buy rating on [...]

This much is clear. We haven’t heard the last about Goldman Sachs’ settlement with the SEC. Daily Finance has been all over this story. Their reporting details both the short-term benefits and long-term challenges facing Goldman Sachs (GS) as a result of the settlement over its Abacus synthetic collateralized debt obligation (CDO) transaction. Short-term, they [...]

According to the Office of the Comptroller of the Currency, J.P. Morgan Chase (JPM) and Bank of America Corp. (BAC) hold $123 trillion of derivative positions. J.P. Morgan Chase holds the top spot with $76.4 trillion, while Bank of America Corp. is second with 46.6. The next two spots are held by Citibank (C) and [...]

I recently read The Quants, a book by Wall St. Journal reporter Scott Patterson. The book talks about the rise, and perhaps fall, of a group of mathematicians and computer scientists turned investment bankers and hedge fund managers. Their specialty was using quantitative statistical analysis and game theory to create sophisticated derivative investments, which relied [...]

Shares of Wall Street banks Goldman Sachs (NYSE: GS) and Morgan Stanley (NYSE: MS) held up on Tuesday despite seeing first quarter earnings estimates cut by analysts at Citigroup (NYSE: C). Stocks for both firms finished the session relatively flat, even with the news of a reduction to estimates. Citigroup analysts believe the two banks [...]

Goldman Sachs (NYSE:GS) has come under fire concerning another issue as Senator Charles E. Grassley, the senior Republican on the Finance Committee, asked in a letter to Chief Executive Lloyd C. Blankfein about the underwriting fees associated with the Build America Bonds, which were supposedly created for the purpose of creating jobs primarily through projects [...]

It’s been said that the definition of insanity is doing the same thing again and again and expecting a different result. We can only hope that all parties involved will move past the current focus on bonuses and bailouts and move quickly to address the needs of small business owners who are still finding it [...]

Fueled by public perceptions of their 2009 earnings, Morgan Stanley (MS) and Goldman Sachs Group Inc. (GS) are carefully timing their respective releases. Goldman, anticipating intense public scorn and scrutiny over its projected bonus pool, would like to report as close to Morgan Stanley as possible to try to deflect some attention from the bonuses [...]

Analysts are cautioning that fourth-quarter investment banking earnings suffered a significant “early Christmas” slowdown on the back of falling fixed-income revenues. The warnings come just days before the start of the financial sector’s reporting season. Analysts at J.P. Morgan (JPM) and Morgan Stanley (MS) issued reports Tuesday on the banking industry in which they estimated [...]