|Day Low/High||49.59 / 50.59|
|52 Wk Low/High||43.84 / 59.38|
Goldman Sachs financed and advised 162 deals in the first half of 2018, according to fresh data from TheStreet's sister publication The Deal.
The Dow and S&P 500 held onto modest gains at the close, while the Nasdaq ended flat following the second day of Congressional testimony from Fed Chairman Jerome Powell Wednesday.
Goldman Sachs increased trading revenue more than any other Wall Street firm during the first half of the year, rebounding from a worst-in-class performance last year that prompted some analysts and investors to call for CEO Lloyd Blankfein's departure.
Judging from early returns, this will be another rock-solid earnings season.
Morgan Stanley, the Wall Street firm, says net income climbed 38% in the second quarter on a strong performance from trading and investment banking, while President Donald Trump's tax cuts fattened the bottom line.
Morgan Stanley shares moved higher Tuesday after reporting better than expected rally, helping to cement the rotation into financials stocks.
This group is expected to post second-quarter EPS gains of 30%; here is how to trade it.
This inconsistent and rotational action is making it tricky for traders.
These are the business stories moving the market as futures suggest a flattish start for Wall Street.
U.S. stock futures are flat on Wednesday, following an upbeat assessment of the U.S. economy from Federal Reserve Chairman Jerome Powell; Morgan Stanley and IBM report earnings; Google faces a record $5 billion fine from the European Union.
Morgan Stanley (NYSE: MS) today reported net revenues of $10.6 billion for the second quarter ended June 30, 2018 compared with $9.
An upbeat assessment of the U.S. economy from Fed Chairman Jerome Powell, as well as a robust start to the corporate earnings season, has global stocks on the march Wednesday, although trade war jitters continue to blunt gains in China.
Arguably one of America's richest and most powerful executives is reportedly stepping down from his throne. But how did Goldman Sachs CEO Lloyd Blankfein make his more than $1 billion net worth?
Global stocks drifted lower Tuesday, as oil prices remained in correction territory and investors re-set expectations for future U.S. rate hikes amid worrying signals from the bond market, as investors question the underlying strength of the world economy heading into the second half of the year.
Global stocks edged lower Monday, although investors appeared reluctant to extend gains ahead of today's summit meeting in Helsinki between U.S. President Donald Trump and Russian President Vladimir Putin.
I have capital to put to work and if the sort of action we had this week continues, I'll be a buyer.
Lucky day? Try these 4 names as banks kick off earnings season in earnest.
The Federal Reserve said last month that Goldman Sachs and Morgan Stanley tripped regulatory minimums in the annual "stress tests" but were still given a "conditional" passing mark, allowing them to continue with regular dividends and stock buybacks. Two Democratic senators want to know why.
Here's what you need to know now for Tuesday, July 10.
Ted Pick, who oversaw Morgan Stanley's stock- and bond-trading units, will now have an expanded set of responsibilities including oversight of the firm's investment bankers. He's on a short list of potential eventual successors to CEO James Gorman, a person briefed on the matter said.
Goldman Sachs probably increased trading revenue in the second quarter by 23% from a year earlier, based on estimates from RBC, outpacing rivals as the Federal Reserve raised interest rates and trade-war anxieties grew. The revenue jump represents a turnaround from last year's worst-in-class performance by the once-standout Wall Street firm.
Banking stocks have nearly doubled the S&P 500's gains in the past two sessions.
From United Rentals to GE, they're still underpriced.
Technically speaking, Wells Fargo's chart is beginning to show improvement.
We sat down with ETF trailblazer Deborah Fuhr, who's been in the industry for over 20 years. We talked about everything from today's trends to the over 7000 different products to helping women in the industry. Watch now! (Video and Podcast)
Stocks ended slightly higher Friday, after giving up most of the day's gains in the final minutes of trading.
Companies didn't hesitate to pull the trigger on some big deals in the quarter.
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