-
JPMorgan, Goldman To Be Forced To Sell Off Private Equity Businesses? (JPM, GS, BX)
Friday, January 22, 2010 - 8:44am | 188There may be a requirement for JPMorgan Chase & Co (NYSE: JPM) and Goldman Sachs Group Inc (NYSE: GS) to sell off some of their private equity business entities and put an end to buyout investing, according to a report in Bloomberg. This is according to a plan made by President Obama to set a...
-
Goldman Sachs (GS) Earnings Report: A CNBC Analysis
Friday, January 22, 2010 - 1:51am | 118Goldman Sachs (NYSE: GS) reported $4.79 billion profit for Q4FY09 in comparison to $2.1 billion loss a year ago. Talking with CNBC, Vince Farrell of Soleil Securities pointed out that this figure needs to be adjusted for normal compensation levels. Goldman Sachs reported Q4EPS at $8.20 in contrast...
-
Day Traders Satisfied with Market Volatility
Thursday, January 21, 2010 - 7:40pm | 467Today was the type of day that Day Traders far and near have been waiting for. Follow through with volume. The markets sold off hard leaving this as the worst down session in 12 weeks. Threats of a tighter monetary policy in China, Obama speaking of tighter regulation in the banking industry and...
-
Take a stand already!
Thursday, January 21, 2010 - 4:59pm | 545The markets have sold off all day long as word leaked out that President Obama was going to implement new rules for the large banks. The President announced an outline of the new rules that he plans to put in place to limit the so called big banks, or as we would say 'too big to fail' banks from...
-
Scott Redler Of T3 Sees Goldman Sachs (GS) At $135
Thursday, January 21, 2010 - 4:19pm | 126Scott Redler of T3 said on CNBC's Fast Money that he spotted macro bearish head and shoulders top on Goldman Sachs (NYSE: GS). He sees the neckline at $160, and if Goldman Sachs (GS) doesn't bounce seriously he is ready to short it right to $135. On the other hand, Eugene Profit of Profit Funds...
-
Goldman Recommends U.S. Steel (X)
Thursday, January 21, 2010 - 11:59am | 254In a research report released today by Goldman Sachs, the investment bank said that they like U.S. Steel (NYSE: X) and AK Steel (NYSE: AKS) ahead of earnings, but that they would be avoiding Gerdau Ameristeel (NYSE: GNA). According to the analysts, it is likely that U.S. Steel's (X) 1Q qualitative...
-
Goldman’s Earnings are—Well, Golden!
Thursday, January 21, 2010 - 11:57am | 204Goldman Sachs (NYSE: GS) reported earnings before the bell this morning of $8.20 per share, dramatically beating the Street estimate of $5.40. I have to say that I am not surprised that the company put up such a strong number as they are one of the best companies out there, and apparently others...
-
MS Faces Relatively Easy Year-Over-Year Comparables For 2010
Thursday, January 21, 2010 - 11:30am | 186Analysts at FBR Capital Markets reiterate their “market perform” rating on Morgan Stanley (NYSE: MS), while reducing their estimates for the company. The price target for MS is set to $34. Morgan Stanley announced its EPS from continuing operations for 4Q09 at $0.14. The figure was adversely...
-
Company News for January 21, 2010 - Corporate Summary
Thursday, January 21, 2010 - 10:29am | 337• eBay (NASDAQ:EBAY) reported fourth quarter earnings of 44 cents a share, 4 cents better than expected, on revenues of $2.37 billion, which topped projections of $2.28 billion. According to CEO Donahoe, "We delivered a strong fourth quarter with double-digit revenue growth driven by exceptional...
-
Stock Market News for January 21, 2010 - Market News
Thursday, January 21, 2010 - 10:26am | 554Disappointing earnings reports in the U.S. and concerns that a tighter lending in China would hurt the global economic recovery led to a broad sell-off on the Street Wednesday. A stronger dollar hurt commodities, sending energy and material companies lower. Investors also had their focus on an...
-
Benzinga’s Top Downgrades (BSX, NI, BBI, MS)
Thursday, January 21, 2010 - 10:08am | 232Boston Scientific Corporation (NYSE: BSX) declined 1.16% to $9.37 in the pre-market session after Boston Scientific Corporation was downgraded by Bernstein to Market Perform from Outperform and the price target reduced to $10.50 from $11. The 52-week trading range for BSX is $6.08 - $11.77. Boston...
-
Charles Schwab Corporation (SCHW) Gets Equal-Weight Rating
Thursday, January 21, 2010 - 9:22am | 118FBR Capital Markets has maintained its ‘Market performer’ rating for Charles Schwab Corporation (NASDAQ: SCHW). The firm has been given a price target of $16, which is 24X of E2010 EPS. Charles Schwab Corporation fell short of the street consensus as well as of FBR Capital’s estimates for 4Q09 EPS...
-
Goldman Sachs (GS) Gives WellPoint (WLP) A ‘Neutral’ Rating
Thursday, January 21, 2010 - 9:19am | 112According to a report released by Goldman Sachs (NYSE: GS) yesterday, deployment of PBM divestiture capital is likely to be the focal point for WellPoint Inc. (NYSE: WLP). The report has estimated the Q4EPS at $1.10 in comparison to the street estimate of $1.02. However, WellPoint had given the...
-
Earnings Round-up For January 20 (MS, BK, NTRS, COH, STT, SLM, PGR, MI, HCBK, MTB, EBAY, SBUX, STX)
Thursday, January 21, 2010 - 8:35am | 792It was a day when financials ruled, with companies like Bank of New York Mellon, Bank of America and Morgan Stanley reporting their earnings. The earnings reported before the bell are: Morgan Stanley (NYSE: MS): The financial services firm reported $0.14 a share of continuing operating earnings on...
-
Dick Bove Says Goldman Sachs Is A Very Cheap Stock
Thursday, January 21, 2010 - 8:16am | 81Dick Bove told CNBC's Squawk Box that Goldman Sachs (NYSE: GS) is a very cheap stock. He says mergers and acquisitions will pick up, money supply is cheap and he thinks 2010 will be a record year for Goldman Sachs. Dick Bove says that banks like JPMorgan (NYSE: JPM) would do better if they were...