9 Undervalued Financial and Fintech Stocks From Goldman Sachs Conviction Buy List
Here's a look at five bank stocks and four financial services stocks that Goldman Sachs recently added to its Conviction Buy list.
Banking, finance, and taxes
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Why Goldman Sachs Just Paid $3.9 Billion to Settle 1MDB Claims
Goldman Sachs on Friday announced an agreement to pay the government of Malaysia $3.9 billion to settle charges against the bank related to the embezzlement of some $4.5 billion from Malaysia's sovereign wealth fund,…
Pershing Square Tontine Finally Comes Public
Bill Ackman’s Pershing Square Tontine special purpose acquisition company entered the market on Tuesday above its original pricing.
Mortgage Loan Servicer Ocwen Soars on Net Income; Plans Reverse Split
Loan servicer Ocwen got a big lift following Thursday's announcement that the company expects to post positive net income in the second quarter. Maybe the company has put a long run of bad years…
The Driving Force Behind Morgan Stanley’s Record Quarter
Morgan Stanley released better than expected second-quarter earnings report before the opening bell on Thursday, due in part to strong Sales and Trading revenues.
Why Analysts Are Taking Mixed Stances on These 2 Megabanks
The tale of the tape was drastically different when JPMorgan and Wells Fargo reported quarterly results, and this was reflected somewhat in what analysts are saying about them after the fact.
How Record Revenues Lifted Goldman Sachs Earnings
Trading revenues soared at Goldman Sachs during the second quarter, offsetting even a big jump in the bank's provision for losses.
Citigroup’s Incredible Fixed Income Growth Is Not Good Enough?
Citigroup reported better than expected second-quarter financial results before the markets opened on Tuesday.
Wells Fargo Earnings Catch a Bad Case of COVID-19
Wells Fargo released a disappointing second-quarter earnings report and lowered its dividend before the opening bell on Tuesday.
How Mixed Results Boosted JPMorgan Earnings
Megabank JPMorgan on Tuesday reported surprise second-quarter beats on both the top and bottom lines. Will the rest of the banking industry follow?
Banks Are Dirt Cheap: 5 Analyst Top Picks for the Rest of 2020
Jefferies considers these five top financial stocks to be incredible values now, and with bank earnings for the big money center players coming this week, it may be time to jump in.
6 Big Banks Under Book Value Heading Into Earnings
Bank stocks traditionally kick off earnings season and play a large role in gauging the temperature for how the rest of the season may go.
Why Fannie Mae and Freddie Mac Privatizations Are Still On Track
A new research report maintains Buy ratings on shares of Fannie Mae and Freddie Mac even as the U.S. Supreme Court has agreed to rule on a claim by current shareholders that could redistribute…
Citigroup, Goldman Sachs, JPMorgan, Wells Fargo and More Big Banks Reporting This Week
24/7 Wall St. has put together a preview of Bank of America, Citigroup and some of the other major financial companies kicking off the new earnings reporting season.
Supreme Court to Review Who Gets to Keep $300 Billion in Fannie Mae-Freddie Mac Profits
The Supreme Court has agreed to hear a case brought by investors in Fannie Mae and Freddie Mac who claim the federal government has wrongfully kept the two agencies' profits since they entered conservatorship…