Goldman Sachs Closes Broad Street Real Estate Credit Partners II With Over $4 Billion in Capital Available to Invest in the Strategy
Business Wire - Wed May 07, 2:00AM CDT
Goldman Sachs announced today that it has closed its second real estate credit fund, Broad Street Real Estate Credit Partners II (RECP II), with over $4 billion in total capital available to invest, including expected leverage. Limited partners in RECP II include existing as well as new institutional and private investors from throughout the Americas, Europe and Asia. RECP II will be managed by the real estate group within Goldman Sachs' Merchant Banking Division (MBD). With this new vehicle, Goldman Sachs will be able to offer these lending capabilities to borrowers in Europe for the first time, building on its track record in the United States.
Credit Suisse in Settlement Talks with DOJ - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue May 06, 4:15PM CDT
As per a Reuters report, Credit Suisse Group AG (CS) seems to be nearing a $1.6 billion worth settlement with the U.S. Department of Justice (DOJ) for aiding tax evasion.
Dow Today: Verizon Communications (VZ) Leads The Day Higher, Goldman Sachs Group (GS) Lags
at The Street - Tue May 06, 3:30PM CDT
The Dow component that led the way higher today was Verizon Communications (NYSE: VZ ), which sported an eight-cent gain (+0.2%) bringing the stock to $47.47. Holding the Dow back today was Goldman Sachs Group (NYSE: GS ), which lagged the...
White House urging US CEOs to avoid Russian forum
By JIM KUHNHENN - AP - Tue May 06, 3:12PM CDT
WASHINGTON (AP) — Top executives at major United States companies are reconsidering or withdrawing their participation in a Russian international economic forum amid requests from the Obama administration in the face of the growing crisis in Ukraine.
Upcoming Conferences, Quarterly Earnings Releases, New Branches, and Stock Price Updates - Analyst Notes on American Express, Ocwen, ICICI, Goldman Sachs and American Tower
PR Newswire - Tue May 06, 8:00AM CDT
Today, Analysts Review released its analysts' notes regarding American Express Company (NYSE: AXP), Ocwen Financial Corp. (NYSE: OCN), ICICI Bank Ltd. (NYSE: IBN), The Goldman Sachs Group Inc. (NYSE: GS) and American Tower Corp. (NYSE: AMT). Private wealth members receive these notes ahead of publication. To reserve complementary membership, limited openings are available at: http://www.analystsreview.com/2083-100free.
JPMorgan Fixed-Income Warning A Bad Sign For Wall St.
at Investor's Business Daily - Mon May 05, 4:17PM CDT
JPMorgan Chase (JPM), the nation's largest bank, sent Wall Street giants lower Monday after the company said it expects a 20% slide in fixed-income and equity revenue vs. a year earlier. The forecast underscores big banks' struggles with growth in a...
After Yesterday's Decline of 1.64%, Goldman Sachs Group Offers Investors Better Value
Comtex SmarTrend(R) - Mon May 05, 4:14PM CDT
Goldman Sachs Group (NYSE:GS) traded in a range yesterday that spanned from a low of $154.52 to a high of $156.90. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $158.19 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
SmarTrend Watching for Potential Rebound in Shares of Goldman Sachs Group After 1.64% Loss
Comtex SmarTrend(R) - Mon May 05, 4:13PM CDT
Goldman Sachs Group (NYSE:GS) traded in a range yesterday that spanned from a low of $154.52 to a high of $156.90. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $158.19 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.
Stocks Gain Afternoon Momentum Despite Weak China Manufacturing Data
at The Street - Mon May 05, 3:50PM CDT
U.S. stocks close higher Monday, erasing declines earlier in the session after manufacturing in China contracts and bank stocks fall. Ukraine tensions continue.
Dow Today: Visa (V) Leads The Day Higher, Goldman Sachs Group (GS) Lags
at The Street - Mon May 05, 3:30PM CDT
The Dow component that led the way higher today was Visa (NYSE: V ), which sported a $2.71 gain (+1.3%) bringing the stock to $207.13. Holding the Dow back today was Goldman Sachs Group (NYSE: GS ), which lagged the broader Dow index with a...
Antitrust Probes A Risk In Markit IPO
at The Street - Mon May 05, 3:05PM CDT
Data provider Markit earns a lot of money, but anti-trust probes remain a risk for the company.
China, Big Banking Hold Back the Dow
Dan Carroll, The Motley Fool - Motley Fool - Mon May 05, 1:35PM CDT
The market has bounced back from a terrible opening to start the week, with the Dow Jones Industrial Average five points in the green as of 2:30 p.m. The number of risers and losers from the index's blue-chip stocks remains fairly even. The...
JPMorgan to Witness 20% Drop in Q2 Market Revs - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon May 05, 1:23PM CDT
In the quarterly filings with the SEC, JPMorgan (JPM) provided its latest outlook. It expects second quarter 2014 market revenues to be down approximately 20% year over year.
Why JPMorgan and Goldman Sachs Are Weighing on the Dow Jones Today
Dan Dzombak, The Motley Fool - Motley Fool - Mon May 05, 12:36PM CDT
A warning from JPMorgan Chase is pulling down Goldman Sachs and other financials today after the bank said it expects trading revenue to drop 20% year over year. The Dow Jones Industrial Average started the day in the red due to worries...
Big Bank Breakup Looks Good for Investors, Bad for Execs: KBW
at The Street - Mon May 05, 12:36PM CDT
Big banks should consider breaking up, but top managers aren't incentivized to consider such a move as it would likely lead to lower compensation, argues KBW strategist Fred Cannon in a report published Sunday.
Which Company Will Win the Race to Gamble in Japan?
Marshall Hargrave, The Motley Fool - Motley Fool - Mon May 05, 12:28PM CDT
The son of the Melco Crown Entertainment CEO has noted that the company is ready to enter the Japanese market. The company is just waiting for the government to relax its current ban on casinos. Though the government allows horse racing, casinos...
Jim Cramer on Twitter's (TWTR) Insider Selling, J.P. Morgan's (JPM) Warning and Linn Energy's (LINE) Quarter
at The Street - Mon May 05, 11:56AM CDT
TheStreet's Jim Cramer breaks down Twitter (TWTR), J.P. Morgan (JPM) and Linn Energy (LINE).
GSAM's Third Annual Insurance Survey Shows Insurers Are Going On the Offense to Combat Low Yields
Business Wire - Mon May 05, 11:30AM CDT
Goldman Sachs Asset Management (GSAM) has released its third annual insurance survey with results indicating that insurers are looking to increase risk to combat low yields. This bellwether poll of 233 Chief Investment Officers (CIOs) and Chief Financial Officers (CFOs) represents insurers with over $6 trillion in global balance sheet assets.
Dow Claws Back Early Losses Despite Global Fears; JPMorgan Chase, Goldman Sachs Lead Financials Lowe
Dan Caplinger, The Motley Fool - Motley Fool - Mon May 05, 10:02AM CDT
The Dow Jones Industrials and other stock indices opened the week on a down note, with a variety of factors hitting the average. Analysts pointed to the ongoing struggle in Ukraine, signs of continuing moderation in Chinese economic growth, and ...
NJ LEEP Raises Over $1 Million at Event Honoring Goldman Sachs and Prudential Financial
Business Wire - Mon May 05, 8:51AM CDT
The New Jersey Law and Education Empowerment Project, (NJ LEEP) honored Prudential Executive Vice President and General Counsel Susan Blount and Gregory K. Palm, Executive Vice President and General Counsel at The Goldman Sachs Group, Inc. for Stellar Corporate Leadership in the Promotion of Diversity at its sixth annual Diversity in the Legal Profession, Diversity in Leadership gala on April 30. The event was held at the Westin Jersey City Newport, Jersey City, N.J.