Getting ahead in an investment bank isn't easy by any stretch of the imagination. TheStreet talks with Goldman Sachs executive Sheila Patel on how she has successfully risen the ranks at the firm.
A decade ago, amid an economic boom in "emerging markets" like Brazil, Russia, India and China, the Teacher Retirement System of Texas decided to plow nearly 10% of all savings into stocks from the countries. Now, the teachers are reeling from the mistake, with subpar returns and outsize risks that could have been easily avoided had the fund just stuck with large U.S. stocks.
JPMorgan's new online-trading app will offer 100 free trades per year, and $2.95 per trade after that, according to a report on CNBC.com. Shares of TD Ameritrade, E*Trade and Charles Schwab fell on the news of the new competitor.
Both big bank and small bank stocks have treaded water for most of 2018 despite a strong first half for earnings. But, that could be about to change if mergers descend on the sector.
Bank stocks saw a mixed reaction to their second quarter earnings results. But with the outlook for banks still strong, investors should go hunting for the best names with the best dividends.
Citigroup didn't have the best second quarter from the investment banking space, but the stock may be too cheap to ignore.
Since TheStreet Ratings began coverage of Goldman in February, 2002, the stock has never slipped into the Sell range.
Deutsche Bank shares spiked more than 5% in Frankfurt after a surprise preview of its second quarter earnings release unveiled bullish expectations for Germany's biggest - but troubled - lender.
President Donald Trump's tax cuts delivered a windfall to big banks like JPMorgan, and he has slashed financial-industry regulations. Now he's making bank executives' lives complicated.
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