Goldman Sachs Group is a leading global investment banking, securities, and investment management firm that provides a wide range of financial services to a diverse client base, including corporations, financial institutions, governments, and individuals. The company engages in various activities, including financial advisory services, underwriting of capital market transactions, asset management, and market making in securities and commodities. It is known for its expertise in mergers and acquisitions, risk management, and investment strategy, leveraging its extensive research capabilities and global reach to deliver innovative solutions in an ever-evolving financial landscape. Read More
The Nasdaq Composite extended its record-setting streak to three straight sessions, while the broader S&P 500 Index closed within 20 points of a record high.
Volatility surged across interest rate-sensitive assets Wednesday after reports circulated that President Donald Trump may be preparing to remove Federal Reserve Chair Jerome Powell from his post. The rumors sparked fears over the Fed's independ
Goldman Sachs (NYSE: GS) reported a solid second quarter with earnings beating estimates and strong performance in trading and investment banking. Analysts expect EPS upgrades and see the stock outperforming peers.
A number of stocks fell in the morning session after a cautious outlook from semiconductor equipment giant ASML sparked a broad sell-off across the sector, hitting chipmakers and equipment suppliers alike.
According to a report by Bloomberg, which cited people familiar with the matter, President Trump has toned down his confrontation with China compared to his presidential campaign, as he seeks to achieve quick wins.
ETF investors can ride or hedge against banking sector volatility through financial sector funds like XLF and KBE, which hold top banks like JPM and BofA.
The Fed Governor also stated that while easier banking rules help drive risk-taking during economic booms, they also exacerbate weaknesses, and a subsequent downturn makes the situation more painful.
Goldman Sachs (NYSE: GS) shares up after beating analyst expectations with 15% rise in revenue to $14.58B and $10.91 EPS, backed by strong banking and trading divisions.
The Goldman CEO stated the bank’s strong quarter was a reflection of healthy client activity levels across the lender’s businesses, and that the sentiment in the markets is one of optimism.
