Look for Shares of Goldman Sachs Group to Potentially Pullback after Yesterday's 1.92% Rise
Comtex SmarTrend(R) - Wed May 21, 3:45PM CDT
Goldman Sachs Group (NYSE:GS) traded in a range yesterday that spanned from a low of $157.13 to a high of $159.75. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $157.99 on volume of 4.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
After Yesterday's Rally of 1.92% Shares Could Potentially Pullback
Comtex SmarTrend(R) - Wed May 21, 3:45PM CDT
Goldman Sachs Group (NYSE:GS) traded in a range yesterday that spanned from a low of $157.13 to a high of $159.75. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $157.99 on volume of 4.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
BNY Mellon to Sell Corporate Trust Biz - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 21, 3:00PM CDT
BNY Mellon (BK) is in the process of restructuring its operations. At the UBS Global Financial Services Conference 2014, the company confirmed the plan to divest its corporate trust business.
Kohlberg Kravis' Takeover Offer Spurned, Shares Fall - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 21, 1:30PM CDT
Share price of Kohlberg Kravis Roberts & Co. (KKR) declined 1.8% after Treasury Wines Estate, the Australia-based global winemaking and distribution Company turned down its takeover bid recently.
JPMorgan Shareholders Unhappy About CEO Pay
Paul Hodgson, The Motley Fool - Motley Fool - Wed May 21, 1:29PM CDT
In its annual meeting yesterday, a mere three-quarters of shareholders supported JPMorgan 's executive pay program, well down from over 90% last year. At the other two main Wall Street banks, support for pay programs was substantially higher. On...
Cobham to Buy Aeroflex - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 21, 12:40PM CDT
Aeroflex (ARX) has inked a definitive merger agreement worth $920 million with Cobham plc, a British defense specialist.
Why Financials Are Leading the Dow Jones' Surge Today
Dan Dzombak, The Motley Fool - Motley Fool - Wed May 21, 12:32PM CDT
Financials are leading the Dow Jones Industrial Average up after multiple members of the Federal Reserve spoke late yesterday afternoon. The Federal Reserve releases the minutes from its April 29-30 Federal Open Market Committee meeting at 2 p.m....
Goldman Sachs Is Getting Too Greedy for Its Own Good
Erik Knight, The Motley Fool - Motley Fool - Wed May 21, 10:26AM CDT
Photo: Goldman Sachs Large financial institutions are struggling to grow revenue, due largely to the difficult interest rate environment and slowing mortgage activity, and it's about to get worse. The Fed may soon attempt to restrict lucrative...
Goldman to Vend Metal Warehouse Unit - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Wed May 21, 10:20AM CDT
Amid heightened regulatory and political scrutiny on banks' ownership of physical commodity business, The Goldman Sachs Group, Inc. (GS) has initiated the sale process of its metals warehouse unit - Metro International Trade Services LLC
The Dow Soars as Goldman Sachs, JPMorgan Chase Make Big Moves
Dan Caplinger, The Motley Fool - Motley Fool - Wed May 21, 10:01AM CDT
The Dow Jones Industrials jumped early Wednesday, gaining 142 points as of 11 a.m. EDT, as investors wait for the latest on the Federal Reserve's thought process. The central bank will release minutes from its most recent Federal Open Market...
Will This Upgrade Help AIG (AIG) Stock Wednesday?
at The Street - Wed May 21, 7:46AM CDT
AIG (AIG) was upgraded to 'buy' from 'neutral' by analysts at Goldman Sachs (GS) today.
Why Dicks Sporting Goods (DKS) Stock Was Downgraded By Several Analysts Today
at The Street - Wed May 21, 7:09AM CDT
Shares of Dicks Sporting Goods (DKS) were downgraded today at Goldman Sachs (GS), Credit Suisse (CS), JPMorgan (JPM), and Piper Jaffray (PJC), and raised at BMO Capital Markets.
Credit Suisse Pleads Guilty, Settles U.S. Tax Probe - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue May 20, 4:30PM CDT
Credit Suisse AG, the major arm of Credit Suisse Group AG (CS) pleaded guilty to criminal charges of assisting its U.S. clients to evade tax, marking the first instance in 10 years in which a financial giant accepted allegations in the U.S.
Warren Buffett Should Invest in Home Depot
at The Street - Tue May 20, 2:54PM CDT
Home Depot is down but should recover like American Express and Goldman Sachs, making it a great buy for Warren Buffett.
Q1 Commodities Revenue for Major Banks Surge 26% - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Tue May 20, 9:40AM CDT
Though banks are under regulatory pressure to hold back their commodities business, according to London-based based financial industry analytics firm - Coalition, commodities revenue of the top 10 investment banks jumped 26% to $1.8 billion for the quarter ended Mar 31, 2014.
Will This Downgrade Hurt LifeLock (LOCK) Stock Today?
at The Street - Tue May 20, 8:44AM CDT
LifeLock (LOCK) was downgraded to 'neutral' by analysts at Goldman Sachs (GS).
Here's Which Beaten-Down Banks to Buy
at The Street - Tue May 20, 5:00AM CDT
Why are bank stocks down from their earlier year highs? Here's your buying opportunity.
The Oliver Law Group P.C. Named to Plaintiffs' Steering Committee in Federal Aluminum Antitrust Litigation
PRWeb - Tue May 20, 4:47AM CDT
The Oliver Law Group P.C., a law firm representing plaintiffs in aluminum antitrust lawsuits nationwide, has been named to the Plaintiffs' Steering Committee for Direct Purchaser Plaintiffs in the aluminum antitrust Litigation now underway in U.S. District Court, Southern District of New York. According to court documents, more than two dozen lawsuits have been filed in the proceeding, all of which accuse Goldman Sachs Group Inc., JPMorgan Chase & Co., and other defendants of constricting aluminum supplies and driving up prices. (In Re Aluminum Warehousing Antitrust Litigation, MDL No. 2481)
The Dow Climbs on Strength in Financials, but McDonald's Falls
Dan Caplinger, The Motley Fool - Motley Fool - Mon May 19, 8:05PM CDT
The Dow Jones Industrials managed to gain almost 21 points on Monday, taking only partial advantage of the favorable mood that sent the broader market up more dramatically. Even hard-hit small-cap stocks saw better gains Monday, rebounding despite...
Dow Today: Goldman Sachs Group (GS) Leads The Day Higher, McDonald's (MCD) Lags
at The Street - Mon May 19, 3:30PM CDT
The Dow component that led the way higher today was Goldman Sachs Group (NYSE: GS ), which sported a $1.24 gain (+0.8%) bringing the stock to $157.67. Holding the Dow back today was McDonald's (NYSE: MCD ), which lagged the broader Dow index...