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Charles Schwab Tops Estimates
Friday, July 16, 2010 - 8:10am | 30Charles Schwab (Nasdaq: SCHW) reports Q2 EPS 17c versus consensus of 15c. SCHW Q2 reports revenues of $1.08 billion bs consensus of $1.06 billion.
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Goldman Upped To Buy; Target Price Raised
Friday, July 16, 2010 - 8:10am | 106Analysts at Bank of America Merrill Lynch upgraded its rival Goldman Sachs (NYSE: GS) to "buy." The investment firm also upped its target price for GS to $182 from $160. The broker said that there is a very low probability of another significant legal issue arising from the mortgage debacle. "...
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BofA/Merrill Lynch Upgrades Goldman Sachs
Friday, July 16, 2010 - 6:48am | 49BofA/Merrill Lynch upgrades none other than venerable Goldman Sachs (NYSE: GS). BofA upgraded Goldman from Neutral to Buy after Goldman Sachs was able to settle so quickly with the SEC for $550 million. BofA increases Goldman Sachs' target price from $160 to $182.
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Goldman Sachs Settlement with SEC Ignores Company’s Duty to Provide Timely Disclosures to Shareholders about Investigation Leading up to Litigation
Friday, July 16, 2010 - 4:07am | 543Sam Antar makes a good point here. Looking out for shareholders was not the objective of the lawsuit brought by the SEC against Goldman Sachs. Whether it would have, should have, or could have been considered is another matter, and apparently not going to be addressed. What we have here (and...
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The Serpent Swallows Its Own Tail
Thursday, July 15, 2010 - 9:07pm | 673The Serpent Swallows Its Own Tail Courtesy of Joshua M Brown, The Reformed Broker Goldman Sachs and the SEC settled the great big fraud charge at a dollar amount of $550 million just now. The regulators get to claim victory while the Eloi get to continue their frolic atop the fluffy clouds of...
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Financials Needed to Keep Momentum 07-15-2010
Thursday, July 15, 2010 - 6:45pm | 762Cusick's Corner Leak is plugged, delinquencies are down and you can still fix a 4G phone with duct tape -- all is good with the world. As I write this, Google (GOOG) reported earnings of $6.45, impressive, but short of estimates that were .07, so the stock is trading down after the close. Goldman...
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Benzinga's After Hours Gainers (GS, ARNA, SD)
Thursday, July 15, 2010 - 6:38pm | 160Among the notable stocks that are gaining in the after hours trading session are Goldman Sachs (NYSE: GS), Arena Pharmaceuticals (NASDAQ: ARNA), and SandRidge Energy (NYSE: SD). Goldman Sachs (NYSE: GS) has surged 5.15% to $145.22 in the after hours trading session after the Wall Street firm...
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GOLDMAN WINS AGAIN! Settles With SEC For Chump-Change $550 Million
Thursday, July 15, 2010 - 6:35pm | 609GOLDMAN WINS AGAIN! Settles With SEC For Chump-Change $550 Million Courtesy of Courtney Comstock at Clusterstock CONFIRMED: Goldman will settle for $550 million. This looks like a huge win for Goldman. Although Goldman will admit it included misleading information in Abacus materials, the...
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Goldman Settles With SEC For $550 Million (GS)
Thursday, July 15, 2010 - 5:00pm | 247Goldman Sachs has agreed to settle a fraud case brought by the SEC for $550 million. The lawsuit was filed against the Wall Street securities firm in April and has weighed heavily on the firm. The accusations revolved around a CDO deal that Goldman Sachs (NYSE: GS) put together for hedge fund...
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Goldman Sachs Above $150 In The After-Hours
Thursday, July 15, 2010 - 4:53pm | 53Goldman Sachs (NYSE: GS) has risen above $150 in the after-hours after the SEC has announced a settlement with Goldman Sachs. You can see the full text of the Goldman Sachs settlement here.
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Goldman Sachs Acknowledges Paulson's Interests Were Adverse To Investors
Thursday, July 15, 2010 - 4:44pm | 19Goldman Sachs (NYSE: GS) acknowledges Paulson's interests were adverse to investors.
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Goldman Sachs Has Reached A Settlement With The SEC
Thursday, July 15, 2010 - 4:11pm | 42Goldman Sachs (NYSE: GS) Has Reached Settlement With The SEC. CNBC is reporting that there is a financial component involved. The SEC is supposed to make an announcement about the settlement at 4:45. Stay tuned.
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Market Jumps on SEC Announcement Coming After Market Close - Rumors of Settlement with Goldman Sachs (GS)
Thursday, July 15, 2010 - 3:56pm | 401Looks like the market did a U-turn on news of SEC announcement post close. Goldman Sachs (GS) surging, and XLF ETF of course reversed. Shares of Goldman Sachs (GS) have picked up speed this afternoon, currently up $5.88, or 4%, at $144.94, as headlines have spread the Securities & Exchange...
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Goldman Sachs Extends Gains On Settlement Speculation (GS)
Thursday, July 15, 2010 - 3:36pm | 64Shares of Goldman Sachs (NYSE: GS) are flying higher on speculation that the firm has reached a settlement with the SEC regarding fraud charges which were brought earlier in the year. The stock has now gained 3.62% to $144.09. The SEC has announced that they will be holding a press conference this...
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Mike Mayo Says Buy Goldman Sachs Now (GS)
Thursday, July 15, 2010 - 2:55pm | 171Credit Agricole banking analyst Mike Mayo is advising investors to buy Goldman Sachs (NYSE: GS) at current levels. He said that a settlement over fraud charges leveled by the SEC could come as early as next week. He said that once a bank law is passed, all directions point to a settlement by the...