All Posts Tagged With: "Goldman Sachs Group"

(GS) The Goldman Sachs Group to Invest in Japan

The Goldman Sachs Group, Inc. (GS) intends to invest about 50 billion yen ($487 million) in renewable energy in Japan in the next 5 years. The investment banking major plans to effectively exploit the demand for electricity generated...

20Aug2013 | | Comments Off on (GS) The Goldman Sachs Group to Invest in Japan | Continued

(MRK) Merck Enters into Strategic Deal

In an attempt to boost shareholders’ value, Merck & Co. Inc. (MRK) – the N.J. based major drug manufacturer – entered into an agreement with The Goldman Sachs Group, Inc. (GS)...

13Aug2013 | | Comments Off on (MRK) Merck Enters into Strategic Deal | Continued

(GS) The Goldman Sachs Group to Buy Keppel REIT Stake

The Goldman Sachs Group, Inc. (GS) announced its intention to buy a 6.7% stake in Keppel REIT from a subsidiary of Keppel Corporation (KPELY) for S$279.9 million ($223...

23Jul2013 | | Comments Off on (GS) The Goldman Sachs Group to Buy Keppel REIT Stake | Continued

(MS) Morgan Stanley Lowered to Neutral

On May 9, we downgraded our long-term recommendation on major global bank Morgan Stanley (MS), to Neutral from Outperform. The recommendation was lowered to reflect the persistently high operating expenses that the company continues...

22Jun2013 | | Comments Off on (MS) Morgan Stanley Lowered to Neutral | Continued

(GS) Goldman Sachs Group Sees Lawsuit From ACA Financial Guaranty Dismissed

The Goldman Sachs Group, Inc. (GS) won the dismissal of a lawsuit filed by ACA Financial Guaranty related to Abacus – a collateralized debt obligation (CDO). The plaintiffs had accused the company of colluding with Paulson & Co....

7Jun2013 | | Comments Off on (GS) Goldman Sachs Group Sees Lawsuit From ACA Financial Guaranty Dismissed | Continued

(GS) The Goldman Sachs Group Wraps Up Global Atlantic

The Goldman Sachs Group, Inc. (GS) has completed the private offering of shares of Global Atlantic Financial Group, formerly known as the Goldman Sachs Reinsurance Group. Goldman retains a minority stake of approximately 25% in the...

4May2013 | | Comments Off on (GS) The Goldman Sachs Group Wraps Up Global Atlantic | Continued

(MS) Morgan Stanley Beats on Earnings and Revenues

Morgan Stanley’s (MS) first-quarter 2013 adjusted earnings from continuing operations of 61 cents per share outpaced the Zacks Consensus Estimate by a nickel. However, this compared unfavorably with prior-year quarter earnings of...

21Apr2013 | | Comments Off on (MS) Morgan Stanley Beats on Earnings and Revenues | Continued

(GS) Is Goldman Sachs Group’s Blankfein’s Huge Pay Hike Justified?

The Goldman Sachs Group, Inc. (GS) CEO Lloyd Blankfein received a massive pay raise of nearly 75% in 2012, as per a latest SEC filing by the bank. However, the hike in compensation, which will bring Blankfein’s salary to $21 million,...

21Apr2013 | | Comments Off on (GS) Is Goldman Sachs Group’s Blankfein’s Huge Pay Hike Justified? | Continued

(JPM) JPMorgan Chase’s First Quarter Earnings on Track

Maintaining its track record, JPMorgan Chase & Co. (JPM) came out with a positive earnings surprise of about 16% for the first quarter. The banking giant reported record earnings per share of $1.59, surpassing the Zacks Consensus...

18Apr2013 | | Comments Off on (JPM) JPMorgan Chase’s First Quarter Earnings on Track | Continued

(GS) Goldman Sachs Group Earns Favorable Ruling

Recently, The Goldman Sachs Group, Inc. (GS) won the dismissal of a lawsuit filed by Capmark Financial Group Inc. (CPMK), which alleged that the U.S. banking major...

18Apr2013 | | Comments Off on (GS) Goldman Sachs Group Earns Favorable Ruling | Continued

(BBT) BB&T’s Capital Plan Rejected by Federal Reserve

In a shocking development, the Federal Reserve has rejected the capital plan of BB&T Corporation (BBT) in spite of the latter’s Stress Test clearance. Neither the company nor the Fed has clearly disclosed the reasons for the...

2Apr2013 | | Comments Off on (BBT) BB&T’s Capital Plan Rejected by Federal Reserve | Continued

(XLF) Stock Market News for March 19, 2013 – Market News

Benchmarks declined for the second day in a row following news that Cyprus is on the brink of a financial crisis and needs to be bailed out. These developments rekindled fears of the Euro Zone crisis among investors. Financial stocks were the worst hit among the top ten S&P 500 industry groups...

28Mar2013 | | Comments Off on (XLF) Stock Market News for March 19, 2013 – Market News | Continued

(WFC) Federal Reserve Approves 2013 Bank Stress Tests

After the release of the Dodd-Frank Act supervisory stress test 2013 (DFAST 2013) results last week, the Federal Reserve came up with the approval of capital plans of 14 financial institutions out of 18 in the Comprehensive Capital Analysis and Review (CCAR). Two banks have received approval subject...

18Mar2013 | | Comments Off on (WFC) Federal Reserve Approves 2013 Bank Stress Tests | Continued

(MTG) MGIC Investment Corporation Raises Capital

MGIC Investment Corporation (MTG) has raised capital worth $1145.35 million. The capital has been raised in two parts with $695.25 million from the issue of shares and $450 million from the issue of 2.00% convertible senior notes due...

8Mar2013 | | Comments Off on (MTG) MGIC Investment Corporation Raises Capital | Continued

(JPM) JPMorgan Chase & Company to Cut 19,000 Jobs Overall

JPMorgan Chase & Co. (JPM) became the latest global bank to announce job cuts to improve profitability. The company will be eliminating overall 19,000 jobs (about 7.3% of the total workforce as of Dec 31, 2012) by the end of 2014....

27Feb2013 | | Comments Off on (JPM) JPMorgan Chase & Company to Cut 19,000 Jobs Overall | Continued

(GS) Japanese Banks Invest in Solar Business

According to a Bloomberg report, following the footsteps of the U.S. banking major The Goldman Sachs Group, Inc. (GS), some of Japan’s key banks are coming up with investments in the country’s domestic solar power industry. Among...

26Feb2013 | | Comments Off on (GS) Japanese Banks Invest in Solar Business | Continued

(JPM) Should Too-Big-to-Fail Banks Be Carved Up?

Richard Fisher has once again sounded a familiar clarion call: “Too big to fail” cannot be a principle the US financial system continues to abide by.

Speaking at the National Press Club in Washington on Wednesday, the Federal Reserve Bank of Dallas President said the Dodd-Frank legislation...

1Feb2013 | | Comments Off on (JPM) Should Too-Big-to-Fail Banks Be Carved Up? | Continued

(JPM) Fourth Quarter Earnings Largely Uneventful Thus Far – Earnings Trends

The fourth quarter earnings season hasn’t been that eventful thus far even though we have results from 67 S&P 500 companies already (as of Friday, January 18th). The reason is that expectations for this earnings season were set by the very weak third quarter reporting season. Given those low...

22Jan2013 | | Comments Off on (JPM) Fourth Quarter Earnings Largely Uneventful Thus Far – Earnings Trends | Continued

(BAC) Bank of America Beats by a Penny – Revenues Down

Bank of America Corporation (BAC) reported fourth-quarter 2012 earnings of 3 cents per share, which managed to beat the Zacks Consensus Estimate by a cent. However, this compares unfavorably with the earnings of 15 cents in the prior-year...

18Jan2013 | | Comments Off on (BAC) Bank of America Beats by a Penny – Revenues Down | Continued

(EQR) Equity Residential Sells Assets

Earlier this week, Equity Residential (EQR) announced that it has inked a deal to sell a portfolio of assets worth $1.5 billion to a joint venture of The Goldman Sachs Group Inc. (GS)...

15Jan2013 | | Comments Off on (EQR) Equity Residential Sells Assets | Continued

(C) Banks Continue Battling Legal Issues

Last week, DZ Bank AG, a German lender, filed a lawsuit against Citigroup Inc. (C) and The Royal Bank of Scotland Group plc (RBS), for misrepresentation of documents...

2Jan2013 | | Comments Off on (C) Banks Continue Battling Legal Issues | Continued

(ICE) IntercontinentalExchange Quotes $8.2B for NYSE Buyout

Yesterday, IntercontinentalExchange Inc. (ICE) announced its intention to buy the largest stock exchange based on listings – NYSE Euronext Inc. (NYX) for $8.2 billion....

24Dec2012 | | Comments Off on (ICE) IntercontinentalExchange Quotes $8.2B for NYSE Buyout | Continued

(XLF) Stock Market News for December 24, 2012 – Market News

Boehner’s “Plan B” failed to garner ample support from Republicans, dragging the benchmarks into negative territory on Friday. However, the benchmarks finished higher for the week. Both personal spending and demand for durable goods showed an upward trend in November. The financial and energy...

24Dec2012 | | Comments Off on (XLF) Stock Market News for December 24, 2012 – Market News | Continued

(AIG) AIG Sells Entire Stake in AIA

Yesterday, American International Group Inc. (AIG) announced its plan to sell the remaining 13.69% stake in its Asian wing – AIA Group Limited (AIA) – for $6.45 billion. The company’s holding in AIA has been traded to a group...

20Dec2012 | | Comments Off on (AIG) AIG Sells Entire Stake in AIA | Continued

(JPM) JPMorgan Chase Sees No End to Legal Woes

JPMorgan Chase & Co. (JPM) continues to be in sticky waters as litigation issues arising from the sale of mortgage backed securities (MBS) by Bear Stearns & Co. – acquired in 2008 – seem to be never ending. Now, the U.S....

18Dec2012 | | Comments Off on (JPM) JPMorgan Chase Sees No End to Legal Woes | Continued

(BAC) Bank of America in New Legal Tussle

Last week, DZ Bank AG, a German lender, filed a lawsuit against Bank of America Corporation (BAC), for misrepresentation of documents while selling mortgage-backed securities (MBS). The lodged complaint indicts BofA of presenting modified...

17Dec2012 | | Comments Off on (BAC) Bank of America in New Legal Tussle | Continued

(AIG) Fed to Wind Up AIG Stake for $7.6B

American International Group Inc. (AIG) is in the final leg of its government bailout loan repayment as the US Federal Reserve (Fed) announced the sale of the remaining 15.9% ownership in the company. This also indicates a sooner-than-expected...

17Dec2012 | | Comments Off on (AIG) Fed to Wind Up AIG Stake for $7.6B | Continued

(GS) Goldman Sachs Group Shares Kept Neutral By Analyst

We reiterated our Neutral recommendation on The Goldman Sachs Group Inc. (GS), based on the detailed analysis of the company’s third-quarter 2012 results. Goldman’s earnings per share for the quarter under review were significantly...

10Dec2012 | | Comments Off on (GS) Goldman Sachs Group Shares Kept Neutral By Analyst | Continued

(PBCT) People’s United Financial Prices Senior Notes

On Monday, Connecticut-based People’s United Financial Inc. (PBCT) announced the pricing of nearly $500 million worth of senior notes. The offering is anticipated to culminate on December 6, 2012, subject to customary closing...

7Dec2012 | | Comments Off on (PBCT) People’s United Financial Prices Senior Notes | Continued

(C) Citigroup to Slash 11,000 Jobs

Citigroup Inc. (C) has come up with the decision to restructure its operations, which will ultimately result in over 11,000 layoffs. The decision comes as Citi counters the fall in its revenue via certain...

7Dec2012 | | Comments Off on (C) Citigroup to Slash 11,000 Jobs | Continued