This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Bank Stocks Lead on 'Government Restart Day'

All three saw a solid market reaction Thursday, with shares of Huntington rising over 3% to $8.86, while USB was up 1.4% to $37.75 and KeyCorp rose over 3% to close at $12.54.

Goldman Sachs on Thursday announced third-quarter earnings of $1.52 billion, or $2.88 a share, which came in ahead of the consensus EPS estimate of $2.47, according to Bloomberg. But the bank showed a 44% year-over-year decline in fixed-income trading, to $1.25 billion.

Goldman's shares fell 2.4% to close at $158.25.

Please see TheStreet's earnings coverage for more on Goldman's revenue slide and bottom-line beat.

Shares of Goldman Sachs have returned 25% this year, following a 43% return during 2012. The shares trade for 1.1 times their reported Sept. 30 tangible book value of $143.86, and for 10.3 times the consensus 2014 EPS estimate of $15.39.

GS Chart GS data by YCharts

Interested in more on Goldman Sachs? See TheStreet Ratings' report card for this stock.

RELATED STORIES:






-- Written by Philip van Doorn in Jupiter, Fla.

>Contact by Email.

Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.
3 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
FITB $20.49 -0.58%
HBAN $11.29 0.18%
GS $208.10 -0.15%
KEY $14.88 -0.47%
USB $43.73 -0.30%

Markets

DOW 18,109.27 -53.72 -0.30%
S&P 500 2,117.16 -6.32 -0.30%
NASDAQ 5,089.8330 -16.76 -0.33%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs