Goldman Sachs Group Inc
Bank of America reports fourth-quarter earnings before the bell
Key Points Bank of America is expected to benefit from a boost in investment banking and trading activity in the fourth quarter. Last month, CEO Brian Moynihan told investors that his firm would hit guidance for NII of about $14.3 billion. Investors will be keen to hear about the company’s target for 2025, especially as […]
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Goldman Sachs CEO Solomon says IPO market is ‘going to pick up’ along with dealmaking
David Solomon, CEO of Goldman Sachs, speaks during the Reuters NEXT conference, in New York City, U.S., December 10, 2024. Mike Segar | Reuters Goldman Sachs CEO David Solomon says there’s an end in sight to the multi-year IPO drought. “It’s going to pick up,” Solomon said on Wednesday, in an on-stage interview with Cisco […]
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Cushion your portfolio in 2025 with these fixed income assets. Where to put your cash to work
Investors are facing the prospect of “higher for longer” interest rates, and that presents an opportunity for those who want to build up portfolio income. The Federal Reserve dialed back its expectations for 2025 rate cuts at its December meeting, penciling in only two reductions this year – down from the four predicted in September. […]
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Stocks pop on cool inflation, hot bank earnings — plus, new rules on biotech exports to China
Every weekday, the CNBC Investing Club with Jim Cramer releases the Homestretch — an actionable afternoon update, just in time for the last hour of trading on Wall Street. Markets: Wall Street surged Wednesday thanks to the second encouraging inflation report this week and a batch of strong bank earnings. The consumer price index, excluding […]
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Stocks making the biggest moves midday: IonQ, Wells Fargo, Citigroup and more
Check out the companies making headlines in midday trading. Quantum stocks – Quantum computing stocks gained after Microsoft unveiled its quantum-ready plan aimed at preparing businesses for the rise of quantum computers. Nvidia also announced a quantum day at its annual GTC conference. Rigetti Computing rallied more than 18%, while D-Wave Quantum surged nearly 20%. […]
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There’s been a ‘meaningful shift’ in CEO confidence since Trump’s election, says Goldman’s Solomon
Key Points “There has been a meaningful shift in CEO confidence, particularly following the results of the U.S. election,” Goldman Sachs CEO David Solomon said, according to a transcript from FactSet. Donald Trump, who is set to return to the White House on Monday, is seen as broadly more business-friendly than outgoing President Joe Biden. […]
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Stocks making the biggest moves premarket: Goldman Sachs, BlackRock, Rigetti Computing, Meta & more
Check out the companies making headlines in premarket trading. JPMorgan Chase — The banking giant reported fourth-quarter results that beat analyst expectations thanks to strong performances from its fixed income and investment banking businesses. The company earned $4.81 per share on revenue of $43.74 billion. Analysts polled by LSEG expected a profit of $4.11 per […]
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Europe’s stocks open higher ahead of closely watched U.S. inflation data
European markets opened higher on Wednesday as traders await the latest U.S. inflation data that will inform the Federal Reserve’s decision-making on interest rate cuts. The pan-European Stoxx 600 was around 0.4% higher during early deals, with most sectors and all major bourses in positive territory shortly after the opening bell. London’s FTSE 100 was […]
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JPMorgan Chase is set to report fourth-quarter earnings – here’s what the Street expects
CEO of Chase Jamie Dimon looks on as he attends the seventh “Choose France Summit”, aiming to attract foreign investors to the country, at the Chateau de Versailles, outside Paris, on May 13, 2024. Lucovic Marin | Getty Images JPMorgan Chase is scheduled to report fourth-quarter earnings before the opening bell Wednesday. Here’s what Wall […]
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Goldman Sachs is about to report fourth-quarter earnings
Key Points Goldman Sachs reports fourth-quarter earnings before market open Wednesday. Analysts surveyed by LSEG expect earnings per share of $8.22 and revenue of $12.39 billion. Goldman executives will host an investor call at 9:30 a.m. ET. Source
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