All Posts Tagged With: "GS"
(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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | Continued
(AAPL) Marc Lichtenfeld: How I Did in 2012
Editor’s Note: At Investment U, we recommend that all investors take an inventory of how their investment ideas faired over the previous year. Improvement comes with accountability to yourself as an investor. And in that light, Marc Lichtenfeld looks back at some of the...2Jan2013 | InvestmentU | 0 comments | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | Shawn | Comments Off | 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 | vitalstocks | Comments Off | 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 | vitalstocks | Comments Off | Continued
(BCS) Barclays to Exit Crop Trading Biz?
Barclays Plc. (BCS) is contemplating a retreat from trading in agriculture commodities, according to a Reuters report. The move comes as the company gears up for a strategic revamp of its overall business...4Dec2012 | vitalstocks | Comments Off | Continued
(XLY) Stock Market News for November 29, 2012 – Market News
Benchmarks rallied after President Barack Obama and John Boehner made encouraging comments about reaching an agreement on the “fiscal cliff” dilemma. Federal Reserve’s released its latest “Beige Book” reports which revealed that the U.S. economy grew at a “measured pace”. Meanwhile,...3Dec2012 | vitalstocks | Comments Off | Continued
(OCN) Ocwen Financial Gets Court Approval For Residential Capital Bid
On Monday, U.S. Bankruptcy Court in Manhattan approved Ocwen Financial Corp’s. (OCN) bid to acquire Residential Capital’s (ResCap) mortgage-servicing rights (MSRs) in collaboration with Walter Investment Management...3Dec2012 | vitalstocks | Comments Off | Continued
(MS) Morgan Stanley in New Legal Tussle
Last week, German lender DZ Bank AG filed a lawsuit against Morgan Stanley (MS), for misrepresentation of documents while selling mortgage-backed securities (MBS). The complaint indicts Morgan Stanley of presenting modified documents...3Dec2012 | vitalstocks | Comments Off | Continued
(XLU) Stock Market News for November 28, 2012 – Market News
Markets ended in the red after Senate Majority Leader Harry Reid’s discouraging comments about the “fiscal cliff” overshadowed a number of positive economic reports. Additionally, Greece’s lenders concurred on providing additional aid to the nation. Among the positive economic readings, consumer...2Dec2012 | vitalstocks | Comments Off | Continued