Featured StoryIs Goldman Sachs (NYSE: GS) playing us all for Muppets when they say stocks now present a generational buying opportunity?
The investment bank's 40-page bullish report, titled "The Long Good Buy: The Case for Equities," says to forget the huge run-up since 2009, forget the 25% rise in equities over the last five-and-a-half...
Goldman Sachs Group Inc. (NYSE: GS) Stock
The Greg Smith Goldman Sachs (NYSE: GS) Letter Led to $2.2 Billion Loss – More to Come?
The scathing op-ed piece by former Goldman Sachs Group Inc. (NYSE: GS) employee Greg Smith did more than draw attention to a "toxic and destructive" firm culture - it drove down Goldman's market value by $2.2 billion yesterday (Wednesday).
Goldman shares fell 3.4% Wednesday, the third-biggest decline in the Standard & Poor's 500 Financials Index.
Smith pointed to Chief Executive Officer Lloyd Blankfein and company president Gary D....
The "Sweet Spot": Goldman Sachs Bullish on Oil and Gas Pipeline Companies
Nothing like having Goldman Sachs (NYSE: GS) confirm what we've already been saying for a year.
But last week, Goldman Sachs reminded us that they are bullish on the oil and gas pipeline sector by upgrading a number of portfolio stocks that have been prominent features of our portfolios and discussion on the sector.
Goldman analysts made...
Goldman Sachs Group Inc. (NYSE: GS) Earnings: How the Mighty Have Fallen…
The Goldman Sachs Group Inc. (NYSE: GS) earnings report released before the bell today (Wednesday) is one of the most dramatic examples of how U.S. banks are struggling to return to healthy profitability and revenue growth.
Goldman Sachs earnings came in at $1.84 a share, 58% lower than the same quarter last year. Revenue fell 30% to $6.05 billion.
Though dismal, the earnings beat analysts' estimates, which were as low as 70 cents a share...
The Goldman Rule: Don't Let This Puppet Master Pull Your Strings
Goldman Sachs Group Inc. (NYSE: GS) Chief Executive Officer Lloyd Blankfein was really on a roll speaking at an investment conference in New York last week.
Among other things, he said there's no way we can conclude that a slowdown in banking and trading businesses is "secular, rather than cyclical."
That alone was enough to make me laugh. But then he went on to address
Big Banks Are About to Get Blasted by the Volcker Rule
When the Volcker Rule regulations go into effect next year, its restrictions could slam the revenue of the fixed income trading operations of several major U.S. banks by as much as 25%.
The Volker Rule is one of the elements required by the Dodd-Frank financial oversight law, which was written to rein in the sort of excessive Wall Street risk-taking that led to the financial crisis of 2008.
A draft version of the rule was released this week by the U.S. Federal Reserve, which was approved by both the
Goldman's Facebook Deal Highlights the Dangers That Wall Street is Creating For Main Street
Goldman Sachs Group Inc.'s (NYSE: GS) $2 billion deal to finance Facebook Inc. combines the worst features of the last two speculative manias - the dot-com bubble of 1999-2000 and the Wall Street financing bubble of 2006-08.
At 25 times revenue and more than 100 times earnings,
What's Really Behind Goldman's Facebook Investment
Talk about a social media bubble!
Facebook has raised $500 million from Goldman Sachs Group Inc. (NYSE: GS) and Russian investment firm Digital Sky Technologies, which implies that the social media darling is valued at a staggering $50 billion.
This reminds me of the valuations being assigned to Internet companies leading up to the "dot.bomb" crash. There's no way a company that relies on nothing more than bits of information – the vast...
Goldman Sachs (NYSE: GS) $450 Million Investment Fuels Facebook IPO Speculation
Goldman Sachs Group Inc. (NYSE: GS) invested $450 million in Facebook, valuing the popular social networking site at $50 billion and heightening speculation on whether or not Facebook will go public this year.
The deal, announced in a report in The New York Times Sunday night, makes Facebook worth more than Internet-related companies like eBay Inc. (Nasdaq: