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What to Watch in Goldman Sachs's Q3 Earnings
Higher Provisions Weigh on Bank of America’s Q2 Results
Bank of America (NYSE:BAC) stock fell 3.1% in pre-market trading today after the company reported its second-quarter results.
What to Expect from JPMorgan Chase’s Q2 Earnings
Wall Street analysts expect JPMorgan Chase to post sales of $30.3 billion in the second quarter. The estimate represents growth of 2.5% YoY.
Goldman Sachs Ups Gold Price Forecasts: Rally to Resume?
Goldman Sachs upped its gold price forecasts. The bank lifted its three, six, and 12-month target prices to $1,800, $1,900, and $2,000 per ounce.
Goldman Sachs Gives Its Top Picks: Buy Tech, Sell Energy
David Kostin of Goldman Sachs (NYSE:GS) is bullish on the tech sector. The sector has outperformed the broader markets this year.
Warren Buffett Has Missed 2 US Stock Market Crashes
Due to Warren Buffett’s reluctance to part with Berkshire Hathaway’s cash, the stock has been underperforming the S&P 500.
What Warren Buffett’s Stock Market Pessimism Means to You
Warren Buffett’s stock market actions speak louder than words. Berkshire Hathaway’s (NYSE:BRK.B) chairman has been on a selling spree.
Berkshire Hathaway’s Q1 13F: Buffett Is on a Selling Spree
Berkshire Hathaway (NYSE:BRK.B) released its first-quarter 13F on May 15 after the markets closed. Chairman Warren Buffett has been on a selling spree.
Higher Provisions Weigh on JPMorgan Chase’s Q1 Earnings
JPMorgan Chase (NYSE:JPM) reported lower-than-expected first-quarter numbers today. Higher provisions weighed on the bank’s profitability.
Is It Pointless to Look at Big Banks’ Q1 Earnings?
JPMorgan Chase will announce its first-quarter results before the markets open on April 14. Analysts expect the bank to post revenues of $29.7 billion.
Amazon Stock Rose 1,000% Due to Small Business Loans Program
Amazon is in talks to bring Goldman Sachs on board as a partner for its small business loans program called “Amazon Lending.”
Were Strategists Right about the S&P 500 in 2019?
The S&P 500 finished last year with an increase of 28.9%. The Dow Jones Industrial Average and the Nasdaq-100 Index (QQQ) rose 22.3% and 38%, respectively.
Will Wells Fargo Stock Continue to Underperform in 2020?
On January 2, Baird downgraded Wells Fargo (WFC) stock to “underperform” from “neutral.” Baird has a target price of $50.
Did Analysts Predict Oil Prices Right in 2019?
So far in 2019, WTI and Brent crude oil spot prices have averaged $56.9 per barrel and $64.3 per barrel. The prices are lower than the average expectations.
Apple Stock Gains 84% in 2019, Inches Closer to $300
Shares of tech giant Apple Inc. (AAPL) gained a whopping 84% YTD (year-to-date). The stock is the best performing company on the Dow Jones this year.
Goldman Sachs’ Best Stock Picks for 2020
Strategists at Goldman Sachs (GS) project Netflix (NFLX), T-Mobile (TMUS), and Coca-Cola (KO) to be among the best stock picks for 2020.
Goldman Sachs Favors Chevron Compared to ExxonMobil
Chevron and ExxonMobil stocks have provided almost flat returns in the current quarter. As a result, Goldman Sachs favors Chevron over ExxonMobil.
On Oil Prices, OPEC Differs with IEA and EIA
Yesterday, WTI crude oil prices rose 0.8% despite bearish inventory data. The deeper OPEC+ production cut could be behind oil’s rise.
Ackman’s Pershing Square Increased Agilent Stake in Q3
This week, Pershing Square disclosed that it had increased its stake in Agilent Technologies (A) to 2.9 million shares in the third quarter.
Goldman Sachs: Views on the US Economy and Gold
Goldman Sachs (GS) Chief Operating Officer John Waldron believes that the US GDP growth rate could improve next year compared to what we’ve seen in 2019.
JPMorgan Chase Stock: What Can Investors Expect?
Keefe Bruyette & Woods downgraded JPMorgan Chase stock to “market perform” from “outperform.” The firm increased the target price to $135 from $128.
Oil Price Outlook: Goldman Sachs Sees a New High
Last week, Goldman Sachs increased its target on oil prices, but only for the short term. Its long-term target on oil prices is almost unchanged.
Warren Buffett Has Loads of Cash and No Takers
Berkshire Hathaway’s huge cash pile might stay in place for a while. Warren Buffett was outbid by Apollo Global Management in his efforts to buy Tech Data.
These 2 Tech Stocks Gained Big in November
In this article, we take a look at two growth tech stocks that have gained momentum recently. They’ve both outperformed the broader markets.
Raymond James Turns Bearish on Wells Fargo Stock
On December 2, Raymond James downgraded Wells Fargo to “underperform” from “market perform.” It expects revenue and margin headwinds to dent the stock.
Goldman Sachs Settles Lawsuit but No “Mea Culpa”
Goldman Sachs (GS) settled a lawsuit that alleged it rigged bond prices. Also, Deutsche Bank agreed to pay a fine of $15 million to settle a lawsuit.
Google Checking Account: Is There a Market for It?
Google (GOOGL) wants to dive deeper into the financial services market with a checking account product. A checking account product is in the works.
Apple Card in Hot Water Over Alleged Credit Limit Bias
The Apple Card is currently under regulatory scrutiny related to gender-biased credit limit approvals, according to a Bloomberg report on November 9.
Goldman Sachs Lends Apple Card $10 Billion
According to a Bloomberg report, investment bank Goldman Sachs (GS) lent $10 billion in credit to Apple Card (AAPL) as of September 30.
Understanding Banks’ Market and Reputational Risks
All banks face risks. Two key areas to understand are banks’ market risk and reputational risk. Here’s a summary of each type.
Must-Know: Credit and Liquidity Risks in Banking
The top risks that every bank faces are credit risk and liquidity risk. We’ll look at the banks that managed this risk safely, and those that didn’t.
Understanding a Bank’s Operational and Business Risks
Banks experience operational risk in all daily bank activities, such as a check incorrectly cleared or a wrong order punched into a trading terminal.
Could PG&E Be Warren Buffett’s Next Elephant?
Last week, in an interview, California Governor Gavin Newsom proposed that Warren Buffett bid for PG&E Corporation (PCG).
Citigroup Stock: Valuation Gap Indicates Further Upside
Analysts expect Citigroup’s (C) EPS to increase at a double-digit rate in the coming quarters, which makes its valuation lucrative.
NIO Stock: Woes Multiply, Survival Struggle Continues
A string of high-profile departures amid deteriorating fundamentals drove NIO stock down. NIO was trading with 4.6% losses at 9:50 AM ET today.
Are These 3 Cheap Stocks Must-Owns at Current Prices?
I love a good bargain, and my contrarian nature mandates that I buy cheap stocks when everyone else is freaking out. Here are three to look at.
Dow Jones Could Be in Trouble, Recession Fears Rise
The Dow Jones (DIA) and the S&P 500 (SPY) continue to linger around their all-time highs. Trade tensions between China and the US haven’t eased.
Why WeWork Is Losing OTC Investors
The WeWork IPO has gained a lot of attention in the last few weeks. The company seems to be facing a severe cash crunch, and it’s losing OTC investors.
Dow Jones Gains 300 Points, United Health Rises 8%
The Dow Jones Industrial Index has gained close to 300 points today. The earnings season kicked-off. Several companies reported their quarterly results.
Apple Stock: Still a Buy at an All-Time High?
Ever since it was rejected at the $230 resistance level in August of last year, Apple (AAPL) stock has struggled to get its mojo back.
Goldman Sachs: Higher Provisions Hurt Its Q3 Earnings
Lower revenues dragged Goldman Sachs’s third-quarter earnings down. The company’s earnings missed analysts’ estimates and fell 24% YoY.
Citigroup: Lower Taxes, Share Buybacks Boost Q3 Earnings
Citigroup (C) announced stronger-than-expected third-quarter results today. The bank’s revenues were slightly ahead of analysts’ expectations.
Apple Stock Gains 50%, Drives Dow Jones Higher in 2019
Apple (AAPL) shares have gained close to 50% year-to-date. The stock is trading at $235.87, while it’s valued at $1.07 trillion.
JPMorgan Beats Q3 Estimates, Low Rates Are a Concern
JPMorgan Chase (JPM) posted better-than-expected third-quarter results. The bank’s revenues beat analysts’ expectations due to higher IB revenues.
Will Banks Have Disappointing Q3 Earnings?
Major US banks will announce their third-quarter earnings on Tuesday. Lower interest rates and more competition could impact their net interest margin.
Alphabet Waymo Enters Los Angeles without Its Taxi Business
Alphabet’s (GOOGL) Waymo will start testing its self-driving vehicles in Los Angeles this week. Self-driving vehicles have a lot of promise.
Dow Jones: Apple, GS, INTC, and JPM Push Index Higher Today
So far, the Dow Jones Industrial Average has gained 165 points or 0.63% at the time of writing today. The Dow Jones Industrial Average ETF (DIA) has also risen.
Skyworks, PSTG, and QRVO Gain Due to Analyst Upgrades
Pure Storage (PSTG), Skyworks Solutions, and Qorvo (QRVO) shares rose in early market trading today. So far, Skyworks has returned 4.6%, respectively.
NIO Deliveries Impress, but It’s Not Out of the Woods Yet
NIO (NIO), China’s equivalent of Tesla (TSLA), released its third-quarter delivery report today. The company delivered 4,799 vehicles during the quarter.
BofA and Credit Suisse Differ on Equity Market
On October 1, Credit Suisse’s Suresh Tantia told CNBC that the equity market will rebound from the current levels. However, the S&P 500 declined by 1.2%
Will Carl Icahn’s Fears Come True in October?
Carl Icahn’s fears could come true in October. According to Goldman Sachs, the market might exhibit higher volatility next month.
Did Trump Send the Dow Jones Down 140 Points Today?
The Dow Jones dropped 140 points today. This drop was driven by several factors, including a potential impeachment inquiry of President Trump.
Dow Jones Fell 0.6% Yesterday, Ends Week in Red
The Dow Jones Industrial Average or DJIA fell 0.6% or 159.72 points on Friday, September 20, 2019. The S&P 500 ETF fell 0.54% yesterday.
Everything You Need to Know about eSports Right Now
The esports industry is thriving. Let’s take a look at the expected growth in esports viewership and the total available market in the space.
WeWork’s Failed IPO: What’s Really Worrying Investors
The We Company has pulled the plug on WeWork’s IPO. Are prospective investors worried that Adam Neumann will end up being another Elon Musk?
WeWork IPO Shelved, Unicorn Stocks Lose Luster
WeWork, which was expected to go public this month, has suspended its IPO at least until next month after a lackluster response from potential investors.
How Apple Stock Performed Last Week
Apple stock rose 2.6% last week. Its performance was a tad volatile, with its shares rising 4.6% in the first four days and falling 2% on Friday.
An Overview of the US Banking Sector
The banking sector plays a pivotal role in our daily lives. This series explores the sector, its driving factors, and its key indicators and latest trends.
The Dow Jones Rises for Eight Consecutive Days
The Dow Jones Industrial Average has risen 51.5 points today—up for the eighth consecutive trading session. The DJIA is up 1,100 points since September 3.
Why Have ATVI Shares Risen 6% Today?
Currently, Activision Blizzard (ATVI) stock is trading at $51.24. The stock is 30% above its 52-week low and 39% below its 52-week high.
UBS Turns Bearish on Stocks, Recommends Gold Instead
On Monday, Bloomberg reported that UBS Global Wealth Management turned underweight on equities for the first time since the Eurozone crisis.
Bank Stocks Falter despite Buffett’s Backing
Warren Buffett is betting big on bank stocks. Banks stock had an impressive financial performance in the first half of the year.
Could Volcker Rule Reforms Hurt in the Next Recession?
The US Comptroller of the Currency approved changes to the Volcker Rule. The rule originated after the 2008–2009 financial crisis.
JPMorgan and BofA: Don’t Buy the Market Dip Just Yet
JPMorgan Chase suggests waiting until September before returning to stocks. The markets will likely make new all-time highs in the first half of 2020.
Bank Stocks Fell Due to Recession Fears
Major US bank stocks had a rough day on Wednesday. Notably, recession fears gripped the overall market. Investors shouldn’t rush to buy bank stocks.
Will Apple Card Be Bad News for Goldman Sachs?
Goldman Sachs (GS) is entering the consumer finance space as the bank behind the upcoming Apple Card. But is this a smart move for the investment bank?
Did Markets or Consumers Prompt Trump’s Tariff Delay?
In a statement released today, the US said it was delaying additional tariffs on Chinese goods until December 15.
Goldman Sachs: The Best Way to Beat the Trade War
On August 12, in a note, Goldman Sachs’s David Kostin said, “Services stocks have less exposure to trade conflict given they have lower foreign input costs.”
Chinese Stocks Concern JPMorgan and Goldman Sachs
On Monday, Bloomberg reported that JPMorgan Chase (JPM) and Goldman Sachs (GS) are cautious about their outlook for Chinese stocks.
Goldman Sachs: Trade War Boosts Risk of Recession
Goldman Sachs (GS) has cut its Q4 growth forecast by 20 basis points. It now foresees the trade war impacting growth more than it previously forecast.
Carl Icahn: Fed Is Running Out of Ammo
Carl Icahn expects a solution to the ongoing trade war sooner than later. The solution is important for US economic growth.
Amazon Cloud’s Rise Has Drawn the Fed’s Attention
Some of the top US financial services companies host their data on Amazon’s cloud. Amazon’s rise in the financial sector has caught the Fed’s attention.
Wells Fargo: Top Picks amid Recent Turmoil
In an interview to CNBC, Chris Harvey, the head of equity strategy at Wells Fargo Securities, explained his top sector-wise picks.
Goldman Sachs Sees No Trade Deal before the 2020 Election
Goldman Sachs no longer believes that a trade deal between the US and China is possible before the 2020 US presidential election.
Goldman Sachs: Sell-Off Strategy amid Uncertainty
Mike Thompson of Goldman Sachs (GS) explained investment strategy amid the market’s uncertainty. Investors should focus on large-cap companies.
Apple Card Is Only Available to a Few People
The Apple Card is available. The first group of public test users is trying the card. The company unveiled the card five months ago.
In-Display Fingerprint Sensor: Apple’s 2021 iPhone
Apple plans to use Qualcomm’s (QCOM) ultrasonic fingerprint sensor for the iPhone’s in-display TouchID feature.
Walmart Coin: A Bigger Deal than FB’s Libra and Bitcoin?
Retail giant Walmart (WMT) had applied for a digital coin patent. The news comes just as Facebook (FB) is pushing for its own cryptocurrency, Libra.
Was Friday’s Tech Sell-Off Justified?
Last week, Donald Trump threatened 10% tariffs on $300 billion in Chinese imports. The stock market was sent tumbling on August 2, led by a tech sell-off.
Activision Blizzard (ATVI) Future Value Uncertain
Shares of leading gaming company Activision Blizzard (ATVI) have been unsteady. The company’s stock is currently trading at early 2017 levels.
Fed’s Rate Cut Weighed on Big Banks’ Stocks
The Fed announced a 25 basis point rate cut on Wednesday to a target range of 2%–2.25%. The Fed’s rate cut came after more than a ten-year hiatus.
Chipotle’s Impressive Reversal Gives Ackman Record Gains
Chipotle’s impressive second-quarter results propelled its stock to an all-time high. The stock was up 84.2% year-to-date as of July 31.
Stock Market Fell despite the Fed’s Rate Cut
The broader stock market fell on Wednesday despite the Fed’s rate cut. The Dow Jones and S&P 500 indexes marked the biggest single-day drop since May 31.
Why Apple Services Are Overshadowing the iPhone
By 2020, Apple aims to double its Services revenue from 2016. Meanwhile, the iPhone is looking less and less important for the company.
Apple Card’s Launch Date in August Isn’t Confirmed
Despite not knowing the Apple Card’s launch date, the card moved from a promise to a reality. Apple Card is a reality inside Apple offices.
Goldman Sachs Has Mixed Feelings about the S&P 500 in 2019
Goldman Sachs increased its year-end S&P 500 target to 3,100 from 3,000. It also reduced its 2019 earnings estimate for the S&P 500 by $6.
How Warren Buffett’s Banking Investments Look after Q2
Warren Buffet loves banking stocks. Out of his current portfolio of 47 stocks, five are commercial banks, including two regional banks.
Should Warren Buffett Be Adding Banking Stocks?
In a regulatory filing, Berkshire Hathaway (BRK-B) revealed that it had increased its stake in Bank of America (BAC).
Recession Warnings Pile Up: Is US Economy in Trouble?
Recent US economic indicators have been signaling softness, which could potentially lead to a US recession.
David Rosenberg Is the Latest to Warn of Recession
David Rosenberg said that earnings are “rolling over” and economic data indicates that the economy is very close to recession.
Bank of America Posts Mixed Q2 Results Amid Rate Cut Concerns
On Wednesday, Bank of America (BAC) reported mixed second-quarter results. The bank’s profitability beat analysts’ expectation.
PayPal Expands Xoom to Europe: Are Big Banks Paying Attention?
Yesterday, PayPal (PYPL) announced that it would expand Xoom, which is its international money transfer service, to 32 markets in Europe.
What Drove Goldman Sachs’s Better-than-Expected Q2?
Goldman Sachs (GS) posted better-than-expected second-quarter results on Tuesday. The bank’s revenue and EPS topped Wall Street’s estimates.
S&P 500: Why MS and JPM Are at Odds about Upside
In contrast to Morgan Stanley’s view, J.P. Morgan (JPM) upped its price forecast for the S&P 500 (SPY) from 3,000 to 3,200 on July 15.
What to Expect from Big Banks’ Earnings This Week
Many big banks in the US plan to announce their second-quarter earnings this week.
GS Says Buy FedEx and UPS, Ignore Amazon’s Threats
Goldman Sachs (GS) initiated its coverage on FedEx (FDX) and UPS (UPS) with “buy” ratings. Goldman Sachs argued that the stocks are too cheap to ignore.
Goldman Sachs Doesn’t Think a Fed Rate Cut Will Boost Stocks
Goldman Sachs (GS) thinks that if the Fed’s interest rate cut happens, it shouldn’t lead to a big increase in stocks.
Yet Another Analyst Cautions about Tech Slowdown
AB Bernstein analyst Tony Sacconaghi has warned investors to stay away from tech stocks with high valuations.
Iron Ore: Chinese Steel Mills Urge Probe into Price Spike
China’s central government is paying close attention to the sharp rise in iron ore prices. The CISA asked the government to investigate the spike.
Is It Time to Move Away from Tech? Goldman Sachs Thinks So
The tech sector is particularly interesting because it’s a high-growth, innovative space. But there’s a drawback to investing in tech.