7:56pm ET
Banking, finance, and taxes
AIG (AIG): A Bridge Loan To Nowhere
AIG (AIG) managed to lose 60% of its market value today. At one point the stock was off 70%. A partial rescue came in the form of permission from New York State…
Companies
/Financial Services
Goldman Sachs Group Inc
$949.49
▼ $9.90 (−1.03%) today
Markets closed · 12:27am ET
GS Coverage
Page 1322:39pm ET
Banking, finance, and taxes
Can Goldman Sachs & Morgan Stanley Earnings Save Financials? (GS, MS)
This week seems to be unprecedented for the financial powerhouses and bulge bracket brokerage firms. While Merrill Lynch had to throw in the towel and become a Bank of America subsidiary, Lehman…
8:05am ET
Banking, finance, and taxes
Major Financials Crushing Their Own Stocks (MER, BAC, LEH, AIG, C, WM, MS, GS)
Covering financial stocks this morning looks a bit like an assassination happening live on television. Futures are being pulled sharply lower by the financial stocks melting down. We are going to skip…
2:27am ET
Media
Media Digest 9/15/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Lehman (LEH) will seek Chapter 11 protection. Reuters reports that Bank of America (BAC) will buy Merrill Lynch (MER) for $50 billion. Reuters reports that AIG (AIG) is facing…
10:26pm ET
Banking, finance, and taxes
World’s Largest Banks Create A Fund To Save One Another
We few, we happy few, we band of brothers; For he to-day that sheds his blood with me Shall be my brother; be he ne’er so vile… Saint…
9:59pm ET
Banking, finance, and taxes
Paulson Gloats
No one likes a sore loser and there will be plenty of those among the executives at banks and brokerage firms that will fail or be sold. A gloating winner is harder…
6:20am ET
Banking, finance, and taxes
Lehman (LEH) May Or May Not Be Sold, May Or May Not Get Government Help, May Or May Not Sell Assets, May Or May Not Remain Independent
Lehman (LEH) may or may not open for trading on Monday morning. A number of experts believe that the broker’s problems must be resolved before Asia markets open, or that a panic…
6:31am ET
Investing
Top Pre-Market Analyst Upgrades (CTRP, GS, LEH, MRVL, NLC, NUVA, PRU, RF, RIG, USG, ZION)
These are some of the top early bird analyst upgrades and positive calls we are seeing this Monday morning with more than two hours to the open: Ctrip.com (CTRP) Started as Outperform…
2:15pm ET
Investing
Goldman’s Merrill Lynch (MER) Downgrade Is Too Little Too Late (GS, MER)?
Goldman Sachs (GS) analyst William Tanona took the unusual step today of placing Merrill Lynch (MER) on the company’s so-called "Conviction Sell" list. What’s surprising is not that Tanona considers the embattled…
Douglas A. McIntyre 6:37am ET
Banking, finance, and taxes
Goldman Sachs Pans Merrill Lynch (MER, GS)
Merrill Lynch & Co. Inc. (NYSE: MER) is trading down 6% or so in pre-market after Goldman Sachs downgraded the stock to a SELL rating and put shares on its Conviction Sell…
Douglas A. McIntyre 4:08pm ET
Banking, finance, and taxes
Is Goldman Sachs Losing Its Trading Edge? (GS)
Goldman Sachs Group Inc. (NYSE: GS) has been an incredible performer among the bulge bracket investment banking firms during the entire credit meltdown and market malaise. Its shares had been holding up…
Douglas A. McIntyre 1:46pm ET
Banking, finance, and taxes
Lehman (LEH) To Drop 6% Of Work Force, Not Enough
Lehman (LEH) will lay off about 6% of its work force according to The New York Times. That is about 1,500 people, but it is not nearly enough. Earlier in the day…
2:51am ET
Media
Media Digest 8/27/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the FDIC may have to borrow money from Treasury to see it though a wave of bank failures. Reuters reports that Lehman (LEH) has asked three investment firms to…
4:55am ET
Economy
Fed Policy Alternative: Watch The World Burn (GS)(JPM)(FNM)(FRE)(WB)(WM)(LEH)
In the latest installment of the "Batman" film series, loyal butler Alfred tries to explain the behavior of some of the most depraved criminals. He points out to a befuddled Bruce Wayne…
5:52am ET
Investing
Analysts Play Game Of Cutting Investment Bank Ratings (MER)(C)(BAC)(MS)(GS)(LEH)
Citigroup (C) cut is earnings estimates for Goldman Sachs (GS), Morgan Stanley (MS), and Lehman (LEH). Today, Bank of America (BAC) cuts its earnings targets for Goldman and Morgan Stanley. Sanford Bernstein…