People are seen inside the First Republic Bank branch in Midtown Manhattan in New York City, New York, U.S., March 13, 2023. REUTERS/Mike Segar Mike Segar | Reuters Check out the companies making the ...
Tag: Goldman Sachs Group Inc
Jamie Fiore Higgins account of her life on Wall Street
Jamie Fiore Higgins interviewed on TV on Wednesday, August 31, 2022. Her book, Bully Market, exposed shocking behavior by some Goldman Sachs employees. Nbc | Nbcuniversal | Getty Images Jamie Fiore Hi...
Il Makiage creator Oddity says it’s profitable
Oddity Il Makiage Coutesy: Oddity Oddity — the direct-to-consumer beauty and wellness platform known for its ubiquitous Il Makiage social media ads — is making money and growing in an environment that...
Goldman CEO David Solomon says asset management is the new growth engine
Goldman Sachs CEO David Solomon said Tuesday that asset management and wealth management would be the growth engine for the bank after his efforts in consumer finance went awry. “The real story ...
UNP, FSR, TSLA, Z and more
A Union Pacific locomotive crosses Highway 118 in Somis, California. Stephen Osman | Los Angeles Times | Getty Images Check out the companies making headlines in midday trading. Union Pacific – Union ...
Why Goldman’s Marcus project failed and what it means for CEO Solomon
David Solomon, chief executive officer of Goldman Sachs Group Inc., during an event on the sidelines on day three of the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 19, 2023. S...
Goldman Sachs scraps idea for direct-to-consumer credit card
David Solomon, Goldman Sachs, at Marcus event Goldman Sachs has dropped plans to develop a Goldman-branded credit card for retail customers, another casualty of the firm’s strategic pivot, CNBC ...
Goldman Sachs CEO David Solomon on soft landing odds for U.S. economy
David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Adam Galica | CNBC Goldman Sachs CEO David Solomon said Tuesday that th...
Wall Street’s frozen market is thawing after stock rally
Traders work on the floor of the New York Stock Exchange on Wall Street in New York City. Angela Weiss | Afp | Getty Images Wall Street just pulled off its biggest IPO in four months, giving bankers h...
Goldman Sachs ups its near-term S&P 500 target due to brighter economic picture. But that could knock 25% off stocks, strategists say.
Provided there are no more economic surprises, stocks are unlikely to face a near-term meltdown and the S&P 500 could work its way back to 4,000. That’s according to a team of Goldman Sachs strate...
Bank of America trims CEO Moynihan’s pay by about 6% to $30 million
Bank of America Corp. BAC, +0.83% said in a filing late Friday that its board has approved a 6.3% cut on Chief Executive Officer Brian Moynihan’s pay in 2022. Moynihan receives $30 million, compared w...
Goldman Sachs CEO David Solomon gets 29% pay cut to $25 million
David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Adam Galica | CNBC Goldman Sachs CEO David Solomon will get a $25 milli...
Bank earnings are in. Wells Fargo, Morgan Stanley still our favorites
With all the major investment and money center banks having now reported fiscal fourth-quarter earnings, we compiled the results to compare how our Club holdings, Wells Fargo (WFC) and Morgan Stanley ...
Walmart raises minimum wage as retail labor market remains tight
An employee arranges beauty product gift boxes displayed for sale at a Wal-Mart Stores Inc. location in Los Angeles, California. Patrick T. Fallon | Bloomberg | Getty Images Walmart said Tuesday it is...
Goldman Sachs slips on report the Fed is probing its Marcus business
David Solomon, Chairman & CEO of Goldman Sachs, speaking on Squawk Box at the WEF in Davos, Switzerland on Jan. 23rd, 2023. Adam Galica | CNBC Goldman Sachs shares came under pressure Friday afte...
Push for more stable revenue streams has worked
Morgan Stanley ‘s (MS) multiyear transformation plan has been a success, CEO James Gorman said with pride Thursday — and, as shareholders, we see no reason to disagree. “We’ve steadi...
Solomon says Goldman took on too much too quickly in consumer business
David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs CEO David Solomon told CNBC Wednesday that his firm suff...
Goldman Sachs, Morgan Stanley, Roblox, Alibaba and more
Brendan McDermid | Reuters Check out the companies making headlines in midday trading. Goldman Sachs — Shares of the Wall Street investment bank shed more than 7% after it reported its worst earnings ...
Goldman, Pfizer, Cheesecake Factory, Alibaba and more
A Cheesecake Factory restaurant in Louisville, Kentucky. Andy Lyons | Getty Images Check out the companies making the biggest moves midday: Goldman Sachs — The bank slid more than 2% after reporting e...
Goldman Sachs fourth quarter results are coming — what the Street expects
David Solomon, chief executive officer of Goldman Sachs Group Inc., during a Bloomberg Television at the Goldman Sachs Financial Services Conference in New York, US, on Tuesday, Dec. 6, 2022. Michael...
Wait before trading on company earnings
CNBC’s Jim Cramer on Friday warned investors not to make trading decisions fresh off a company’s earnings report. Stocks made a comeback on Friday after falling initially on quarterly earn...
JPMorgan, Virgin Galactic, Tesla and more
A person enters the JPMorgan Chase headquarters in New York, June 30, 2022. Andrew Kelly | Reuters Check out the companies making the biggest moves in the premarket: JPMorgan — The bank reported fourt...
JPMorgan Chase (JPM) earnings 4Q 2022
Jamie Dimon, CEO of JPMorgan Chase, testifies during the Senate Banking, Housing, and Urban Affairs Committee hearing titled Annual Oversight of the Nations Largest Banks, in Hart Building on Thursday...
Tesla, Nvidia, Lululemon and more
Hong Kong, China, 13 Sept 2022, A red Tesla car passes in front of a Tesla dealership in Wanchai. (Photo by Marc Fernandes/NurPhoto via Getty Images) Nurphoto | Nurphoto | Getty Images Check out the c...
up to 3,200 employees laid off this week
People enter the Goldman Sachs headquarters building in New York, U.S., on Monday, June 14, 2021. Michael Nagle | Bloomberg | Getty Images Goldman Sachs is laying off fewer employees than feared, but ...
Forget recession — the U.S. is heading for a ‘slowcession’ that could last all year, Moody’s warns
Even if the U.S. avoids a recession in 2023, American consumers and investors could face a grinding slowdown that likely won’t let up until 2024, according to a new outlook published by Moody’s Analyt...
Jim Cramer predicts these 10 Dow stocks will perform well in 2023
CNBC’s Jim Cramer on Tuesday offered investors a collection of stocks that he believes will perform well this year. All of his picks are listed in the Dow Jones Industrial Average. related inves...
The UK recession will be almost as deep as that of Russia, economists predict
London Stock Exchange Toby Melville | Reuters LONDON — The U.K. economic contraction of 2023 will be almost as deep as that of Russia, economists expect, as a sharp fall in household living standards ...
A reckoning is upon us. Here’s what to expect
Partygoers with unicorn masks at the Hometown Hangover Cure party in Austin, Texas. Harriet Taylor | CNBC Bill Harris, the former PayPal CEO and veteran entrepreneur, strode onto a Las Vegas stage in ...
China’s economy looks different than it was going into the pandemic
The central China city of Taiyuan saw its GDP grow by 10.9% year-on-year in the first three quarters of 2022. Pictured here is a screen displaying details of a new factory in the city. Vcg | Visual Ch...
Here’s why Citigroup’s stock stands out among the biggest U.S. banks
The “big six” U.S. banks have all reported their fourth-quarter results, wrapping up a difficult 2022, when soaring interest rates forced a decline in several areas of business. Citigroup Inc. C, -1.7...