How the Financial Sector Has Held Back the Dow in 2016
It has taken about three months for the Dow to get back to positive. The push was in fact made by the Dogs of the Dow, but it was stalled for some time by…
Banking, finance, and taxes
All Banking, finance, and taxes Articles
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Goldman Collapses 15%, Poorest Dow Performer in 2016
For the year to date, shares in Goldman Sachs trade down about 15% and are the worst performers among the 30 stocks that comprise the Dow Jones Industrial Avenue.
Credit Suisse Accelerates Restructuring Plan
Credit Suisse will be cutting 2,000 jobs in its Global Markets unit, increasing the total job cuts announced thus far to 6,000.
Analysts More Cautious on European Banks With Downgrades
Most U.S. investors tend to focus on U.S. equities and issues. The larger picture in the financial sector and in the financial markets requires a full global view.
Is There a Bull Case for American Express, or Is This Just a Technical Bounce?
What companies like American Express show us is not to give up so easily on big established companies, barring any scandals, and as long as they’re not bank stocks, which can fail in a…
As GE Exits Financial Assets, Goldman Sachs Grows Its Banking Operations
The Federal Reserve Board announced on Monday that it has approved the application by Goldman Sachs Bank USA to assume certain deposits and acquire certain assets from GE Capital Bank.
Goldman Sachs Down 13%, Worst Among Dow Stocks
For the first two and a half months of 2016, shares in The Goldman Sachs Group Inc. (NYSE: GS) trade down about 12.6% and are the worst performers among the 30 stocks that comprise…
Major Banks Continue Expanding Share Repurchase Plans
While most of the major banks may have been hoping for a rate hike from the U.S. Federal Reserve, they are still closing out the week on a positive note.
4 New Thematic ETFs Coming: Long-Term Care, Health and Fitness, Obesity, Organics
Janus has announced that it will launch four thematic ETFs soon, focused on long-term care, health and fitness, obesity and organics.
Saudi Banks’ Outlook Dropped to Negative at Moody’s
Analysts at Moody’s Investors Service today announced that the firm has lowered its outlook for Saudi Arabia’s banking system was dropped from ‘stable’ to ‘negative’ to reflect persistently low oil prices and concomitant government…
London, Deutsche Börse Agree to Merge
The two largest stock exchange operators in Europe have agreed to combine in a merger that would create an exchange operator with a market cap of almost $30 billion.
Saving Barely Pays Off for Americans
An average American saves about 5.2% of a paycheck, well above the 2006 average of 3.3%. That's the good news.
Goldman Sachs Is Worst Performing Dow Stock in 2016
For the first 10 weeks of 2016, Goldman Sachs has traded down more than 14% and is the worst performer among the 30 stocks that comprise the Dow Jones Industrial Avenue.
VeriFone Beats Estimates, Raises Guidance
VeriFone Systems Inc. (NYSE: PAY) reported fiscal first quarter 2016 results after markets closed Thursday. The electronic payments company reported adjusted diluted earnings per share (EPS) of $0.48 on $514 million in revenues. In…
Are Canadian Banks Looking Better or Worse?
A report from analyst K. R. Choquette of Credit Suisse noted on Wednesday that the Canadian banks managed to show a slight earnings beat in the first quarter.