Goldman Sachs reckons Shell and BP will retain dividends
Big Oil has historically rode-out downturns without hampering shareholder payouts, Goldman Sachs highlighted.
Company
Goldman Sachs Group Inc
NYSE:GS
The Goldman Sachs Group Inc is a leading global financial institution that delivers a broad range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.
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Could stock markets plunge yet further? Making sense of the current turmoil
Below is an extract from a recent Q&A with the Goldman Sachs portfolio strategy team entitled the Bear Essentials
Oil’s week of tailspin amid economic standstill and coronavirus uncertainty
In Friday trading, Brent crude was priced below US$37 with WTI holding just above US$33 a barrel.
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Central Banks Promise Stability as OECD Sounds Alarm
Already on Friday, Federal Reserve Chairman Jerome Powell opened the door to cutting interest rates to contain what he called the “evolving risks” to economic growth from the virus. The Paris-based OECD now expects the weakest global growth
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Not Random: The Gold-Silver Ratio
he gold/silver ratio traded above 90 for a brief time in the summer before dropping to break its sequence of higher reaction lows. That prompted breathless speculation that a major reversal was underway, only for the ratio to pop back up an
Oversupply in oil market just got worse due to unexpected coronavirus
The market had hoped and assumed that the virus would be contained by now, but news of additional cases are spreading fear
Oil market volatility and uncertainty is back
In Friday trading, Brent crude was priced below US$55 with WTI holding above US$50 a barrel.
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Wall Street Warnings Grow Louder for Investors Defying Virus
“Pretty much every client we talk to wants to buy the dip,” wrote Tobias Levkovich, Citigroup Inc.‘s chief U.S. equity strategist in a note. “And that is not comforting.” The S&P 500 edged higher Thursday, extending the week’s gains to more
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Wall Street Warnings Grow Louder for Investors Defying Virus
Some of the topics discussed include: will the coronavirus spur inflationary forces, continued monetary and fiscal stimulus spur stock markets, bond yields, gold steady, palladium weak. Europe, China, Japan firm.
The current equity rally could be facing a massive disconnect with the real world
While equity markets are continuing to push towards and beyond their all-time highs, warning lights in the global economy show the future may not be as bright as it seems for investors
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25th October 2019 Oil Market Wrap
The week got off to a promising start as US inventories declined and the market looked for further supply adjustments, but the gloomy economic outlook dampened all gains by the end of the week
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Wall Street May Get $40 Billion Reprieve From Trump Regulators
Fuller Treacy - Unhinged Money Markets Trigger Fed Action to Alleviate Stress
IPO Roundup: Silver Spike has blank check for cannabis, while Impossible Foods, Ping Identity also plan to tap markets
Silver Spike Acquisition raised $250 million, while investors jostle for a pre-IPO stake in Impossible Foods
Hardware & electrical equipment
Apple maintained at Outperform as Wedbush says streaming service could attract 100M customers
Video streaming will play a vital role in Apple's services growth for years to come, according to Wedbush analyst Daniel Ives
Hardware & electrical equipment
Apple and Goldman Sachs team up to launch credit card
The new card will integrate with Apple’s iPhone and provide features to track spending, set savings targets, and manage balances through its Wallet app
Investments and investor services
Late Movers: Activision Blizzard tumbles 10% after saying Destiny rights going to Bungie
GM led gains on the S&P 500 after CEO Marry Barra's comments
Investments and investor services
EARLY MOVERS: Jack in the Box shares pop on its possible sale
Goldman Sachs shares hit by Malaysian charges; Johnson & Johnson reels from asbestos scandal
Stocks close lower in abbreviated Black Friday trading as Chevron leads energy decline
Apple shares dropped after a report that its biggest iPhone assembler, Foxconn, plans to cut $2.88 billion from expenses in 2019
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Goldman Sachs falls after Morgan Stanley downgrade over Malaysian fund probe
The investment bank was lowered to 'equal-weight' because of the risks related to the investigation of its role in raising funds for the state fund 1MDB
Denim jeans giant Levi Strauss may have an IPO in the works
The privately-held denim jeans company is looking to go public around the first quarter of 2019, as per a CNBC report
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Berkshire Hathaway’s 13-F filing reveals Warren Buffett added $4B stake in JPMorgan
Buffett’s company bought a new stake in JPMorgan and upped its investment in Apple
Goldman Sachs has worst day for seven years as Malaysian fraud concerns grow
Lim Guan Feng, Malaysian's finance minister, said yesterday he wanted back the fees paid to Goldman.
Marcus by Goldman Sachs signs up 100K UK customers since September launch
“We must be one of the fastest growing banks in the UK right now," according to Des McDaid, managing director of Marcus.
CryptoCann™ Report: Nasdaq wins patent for blockchain newswire service; Constellation may sell off wine brands to focus on cannabis
The patent details how the system would share information using smart contracts added to the blockchain
CryptoCann™ Report: Goldman Sachs reportedly invests in BitGo; Congressman Blumenauer outlines plan to bring pot legalization to the US
Goldman Sachs and investor Mike Novogratz’s Digital Ventures have reportedly contributed around $15 million to BitGo’s Series B fundraising
IPO Roundup: Uber and Lyft race towards IPOs as banks line up
Lyft’s IPO is likely to be one of the most hotly anticipated public offerings next year and a litmus test for crosstown rival Uber
Investments and investor services
Wall Street stocks marginally softer at the close as earnings season chugs along
The weak tone in the markets comes a day after US benchmarks posted their best rally since March
Investments and investor services
Uber IPO may be worth all-time record $120 billion, says Wall Street Journal
The offering could easily eclipse the record held by Alibaba when it listed in 2014
EARLY MOVERS: Goldman Sachs, Morgan Stanley gain in 3Q thanks to strong deal-making; Walmart cuts profit outlook
Also in the frame was UnitedHealth Group Inc whose quarterly numbers impressed the market.
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Barclays takes on Goldman Sachs with plans to launch digital retail account in US
Banks are trying to compete with Goldman Sachs' retail bank Marcus in the US and the UK
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RBS launches 1.5% savings rate to match Goldman Sachs's new UK retail bank
RBS said its instant access savings account will pay an annual rate of 1.5% on the first £10,000, compared to the 1.5% on up to £250,000 offered by Goldman Sachs' Marcus
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Goldman Sachs's Marcus account proves popular with UK savers
“We’ve been astounded by reaching 50,000 account sign-ups in just over a week since our launch," said Des McDaid, the managing director of Marcus by Goldman Sachs
Goldman Sachs' new UK online retail bank challenges Lloyds, RBS, Barclays and HSBC
Goldman’s online retail bank, named Marcus after the group’s founder, is offering an interest rate on savings of 1.5%
Hardware & electrical equipment
FAANG Report: Amazon accused of raising water prices before Florence; Facebook ready for US election meddling
Cheapest country to watch Netflix in is Turkey; Goldman Sachs cuts Apple profit estimates due to pricey new iPhones
CryptoCann™ Report: US regulators continue crypto crackdown; The Green Organic Dutchman launches organic cannabis brand
Crypto companies have formed the Blockchain Association lobbying group to work with US regulators
Funding Circle confirms plans for London listing in October
Funding Circle said Anders Holch Povlsen had agreed to buy 10% of the share capital through his investment vehicle Heartland A/S
CryptoCann™ Report: Goldman Sachs CFO clarifies crypto plans; Canndescent closes US$13mln funding to move into new markets
California cannabis cultivator Canndescent is looking to expand its product offerings
CryptoCann™ Report: Goldman Sachs puts crypto plans on the back burner; Supreme Cannabis to up its production capacity
The Supreme Cannabis Company has received approval from Health Canada to up its production capacity
Investments and investor services
Tesla shares seen slumping 30% in next six months due to increased competition, says Goldman Sachs
Goldman Sachs predicted Tesla's shares would fall to US$210 from levels over US$300
Goldman Sachs to launch online retail bank in the UK in coming weeks
The bank will be open to the Wall Street giant’s UK employees before its official launch
Investments and investor services
Morgan Stanley restricts coverage of Tesla as controversy swirls around electric-car maker
Analysts led by Adam Jonas had rated Tesla with the equivalent of Neutral last month
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CryptoCann™ Report: Crypto investor sues AT&T for US$224mln over loss; Tidal Royalty inks deal with Illinois Cannabis Company
Tidal Royalty will provide Illinois Cannabis Company with financing in exchange for 15% of net sales royalty
ITV joins Disney and Fox in backing new video streaming service for mobile phones
ITV joins Hollywood giants including Disney and 21st Century Fox, in backing the venture
Goldman Sachs officially kicks off new era with appointment of David Solomon as its next CEO and chairman
Goldman’s president and co-chief operating officer replaces retiring CEO Lloyd Blankfein in early October
PRE-MARKET MOVERS: Johnson & Johnson nudges higher after it beats forecasts but UnitedHealth Group shares drop
Also in the frame in nUS pre-market deals is investment banking behemoth Goldman Sachs and Carbonite Inc
Wall Street shares seen lower as Netflix plunges; European benchmarks generally in the red
The Dow Jones Industrial Average closed up nearly 45 points to 25,064, while the S&P 500 lost 2.88
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Daily CryptoCann Report: Goldman Sachs may trade crypto derivatives; Trudeau sets start date for recreational cannabis sales in Canada
The banking giant may soon expand beyond its Bitcoin futures trading, according to COO David Solomon
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Warren Buffett sought US$3bn investment in Uber, but talks broke down
The deal died as the two sides couldn’t agree on the terms
Daily CryptoCann Report: NYSE may trade Bitcoin; New line of hemp cat treats launches
The New York Stock Exchange is expected to begin Bitcoin trading, following Goldman Sachs' lead
Daily CryptoCann Report: Goldman Sachs to trade Bitcoin; cannabis growing to begin in Coachella
Goldman Sachs will be one of the first finance giants to begin cryptocurrency trading
Goldman Sachs to begin Bitcoin futures trading, says the cryptocurrency is not a fraud
JPMorgan CEO Jamie Dimon recently called Bitcoin a fraud and said that it wouldn't end well
Investments and investor services
Dow and Nasdaq up triple digits by the closing bell, led by Facebook and Visa
The Dow climbed up triple digits with the help of strong earnings from Facebook and Visa
Wall Street ends on a high as reporting season cheer continues
Wall Street shares closed Tuesday higher; The Dow Jones added over 213 points
Investments and investor services
US benchmarks close higher as earnings season points to strong growth
US stocks advanced as traders remain bullish about the corporate earnings season
Kinder Morgan’s fourth quarter earnings hit by massive one-time tax charge
The recent tax cuts are expected to be a boon for companies in the long run, but Kinder has had to take a one-off charge due to the revaluation of certain assets
Investments and investor services
Stocks reach for the sky while Bitcoin stages a recovery
The Dow enjoyed its best session in seven weeks, rising 323 points
Goldman Sachs posts first quarterly loss in six years after one-time tax reform hit
For the fourth quarter, the Wall Street firm posted a loss of US$1.93bn on revenue of US$7.83bn, both lower than market forecasts, hit by a US$4.4bn income tax expense resulting from the new tax law
Morgan Stanley expects to take a US$1.25bn fourth quarter hit from the US tax reform bill
The Wall Street bank said in a regulatory filing that its net income for the quarter will include a tax provision of that amount, primarily stemming from the re-evaluation of certain net deferred tax assets using the lower tax rate
Goldman Sachs boss ‘hopeful’ of filling new London office but says Brexit leaves a lot ‘outside our control’
Monday’s tweet was Blankfein’s second in as many weeks on the topic of Brexit
Goldman Sachs boss takes swipe at Brexit with Frankfurt tweet
The boss of the investment bank said he will be spending "a lot more time" in Frankfurt.
Nasdaq lower but Dow Jones and S&P 500 gain at close
US stocks were mixed at the close, with the Nasdaq in the red
Goldman Sachs shares gain as it smashes third quarter earnings estimates
Growth in investment banking revenue offset declines in equities and trading of fixed income, currencies and commodities.
Goldman Sachs Group, Morgan Stanley, Harley Davidson and more - PRE-MARKET
We take a look at what's moving the needle in pre-market deals in New York
Investments and investor services
FTSE 100 ends in the red amid Brexit jitters and rise in UK inflation
The FTSE 100 index closed down 10.8 at 7,516 on the day
Tesla, Equifax, General Electric and more - AFTER HOURS
We look at what was hot and what was not after the bell In New York on Monday
Stocks close mixed as traders keep half an eye on Hurricane Irma
The Dow Jones was up but the other two major benchmarks finished lower
Morgan Stanley, Goldman Sachs and Discovery Communications in focus - PRE-MARKET
We are looking at various movers and shakers here at Proactive ahead of the New York bell
US stocks mixed heading to close, with Dow Jones down 60 points
US shares took the cue seemingly from European indices and started lower..
Goldman Sachs Group, Johnson & Johnson, Harley-Davidson and more
In pre-market trade, shares in motorcycle giant Harley-Davidson Inc dropped almost 9%
Goldman Sachs posts steep drop in trading revenues although second quarter profits see surprise rise
The fifth largest US bank by assets reported earnings of US$3.95 a share, beating consensus expectations of US$3.39, but down from US$3.72 a year earlier
Tesla, Goldman Sachs, Movado Group and Trump, North Korea in focus - PRE-MARKET
We are covering all the movers and shakers at Proactive on Wednesday
Tech stocks hammered again
The Nasdaq Composite remains volatile as investors bail on tech stocks
Goldman Sachs, Morgan Stanley, Caterpillar, Costco Wholesale in headlines
Here's what's moving early on as Wall Street readies to open for business
London’s financial centre will stall after Brexit, warns Goldman Sachs chief executive
The boss of Goldman Sachs has warned the bank may have to move jobs and operations out of London depending on the outcome of Brexit
Wall Street shares close firmly higher
US benchmarks closed higher on Tuesday as traders await more on Trump's tax plans
Bond trading surge helps Morgan Stanley report strong quarterly earnings growth
For the three months to March 31, Morgan Stanley saw its earnings surge by 74% to US$1.84bn, up from US$1.06bn a year earlier, while earnings per share rose to 100 US cents from 55 US cents, beating expectations for 88 US cents
Wall Street benchmarks mainly lower at close
US equities are set for a higher open after yesterday's losses amid more earnings.
FTSE 100 closes down as May wins MP backing for election
Although it has been an up and down day for the Footsie, it has rarely strayed far from last night's closing level
Bank of America posts better-than-expected jump in quarterly earnings
Bank of America's first quarter profits were supported by loan growth and investment banking fees
US benchmarks close lower as Goldman Sachs weighs
US stocks closed sharply lower on Tuesday on Wall Street
US banks set for strong first quarter as JP Morgan, Citigroup and Wells Fargo kick off earnings season
US banks look set to achieve a robust set of first quarter results as earnings season gets underway
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Bitter taste as Tesco pulls over half Heineken's beer range after brewer's Brexit price hikes
Britain’s biggest retailer has scrapped 31 of the Dutch company’s brands and is now stocking only 22 of the 53 it was selling at the start of the year
Goldman Sachs adjusts its method in valuating European stocks
Goldman is refining sector categories in its coverage of European stocks and will be updating valuations on a weekly, instead of monthly, basis
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HSBC confirms the appointment of former boss Prudential, Mark Tucker as its chairman from October 1
Tucker, who is currently group chief executive and president of Hong Kong-listed insurer AIA Group Limited (AIA) will join the global banking giant as group chairman designate from September 1, taking over from current incumbent Douglas Fli
Dow fresh record – above 21,000
Expectations of higher US interest rates this month powered the Dow Jones Industrial Average index to a fresh record high – above 21,000 for the first time
US stocks hit fresh record highs, Dow above 21K, as March rate hike in the bag
US stocks ended sharply higher on Wednesday, with the Dow Jones Industrial Average above 21,000 for the first time, as financials led the way on expectations for an interest-rate hike this month
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US Dow Jones has longest record run since 1987 as chemicals gain
US stocks closed mixed on Wednesday, with the Dow Jones Industrial Average the only major ticker able to muster gains – and its longest record-setting period in 30 years
Record gains on Wall Street, six ways
Six US stock indices closed near their intraday record highs on Tuesday as retail sector earnings and growing expectations that Fed interest rates could be hiked again as soon as next month buoyed banks
US markets closed for Presidents Day
US stocks markets are closed for Presidents Day on Monday, resuming on Tuesday, but the week carries risks of merger upsets, Fed talk, and copper prices rising
US stocks sprint to record high finish line
US stocks, beleaguered all session, managed to close Friday at a fresh record high, led by financials as well as takeover bidder Kraft Heinz
US shares close lower as Trump rally pauses for breath, and policies
US shares ended lower on Thursday as the four major stock benchmarks snapped their longest record-setting streak since 1995 amid another pause on the Trump rally since November
US shares mark fresh record highs as banks price in earlier rate hike
US stocks marked a fresh raft of record highs on Wednesday as the Fed brought forward the prospect of rate hikes in the world’s biggest economy and bank stocks hit record highs
FTSE 100 closes higher with banks betting on March US rate hike
FTSE 100 shares closed higher on Wednesday, led by banking shares which teamed up with their Wall Street brethren to cheer on what may be a US rate hike as soon as March
US, Canadian stock tickers hit record highs, again
US stocks hit record highs for the third successive session on Tuesday, with the S&P 500 market bellwether and Dow Jones Industrial Average both closing at their record intraday highs
US stocks gain, financials lead on deregulation, Macy’s could have a Canadian owner
Financials led the gains on the benchmark S&P 500 on Friday after US President Donald Trump signed off on two executive actions to make good his promise to reform financial regulation
US shares pare losses but still suffer sharpest fall this month
US equities pared losses on Monday but didn’t disguise the steepest fall of 2017 as the Trump rally trade that sent Wall Street to new highs since November began to fracture
Hard Brexit reportedly has Goldman Sachs mulling more London transfers
No schadenfreude here ... a German newspaper reports the US investment bank is mulling moving 1,000 of its jobs from London to Frankfurt
Goldman Sachs follows Wall Street trend with earnings beat
Net income amounted to US$2.35bn or US$5.08 per share
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US shares end mixed; steel stocks gain but Goldman and Dow fall
US shares closed mixed on Wednesday, with most tickers resisting hawkish comments from the head of the Federal Reserve as the steel sector and Netflix had a boost, while the Dow was dragged down by Goldman Sachs shares
US stocks fall with oil prices, but Nasdaq notches another record high
US shares closed lower on Monday, dragged lower by sharply weaker oil prices, but the Nasdaq made good on forecasts of yet another record high