High-profile banking analyst Richard Bove said the U.S. banking sector is entering into a “golden age.” The financial strategist at Rochdale Securities explains that banks have so flush cash on their balance sheets that corporate earnings will grow by 20 percent annually over the next few years.
JPMorgan Chase & Co reported a 47 percent increase in quarterly earnings, and said loan demand and trading profit could grow this year, boosting investor optimism that revenue for major banks will recover.
JPMorgan Chase & Co reported higher-than-expected quarterly earnings, helped by narrowing losses on bad loans that allowed it to release $2 billion of reserves.
Goldman Sachs raised Infosys Technologies to buy from neutral on Friday, saying it believes a drop in the share prices offers an attractive entry point.
India’s second biggest software services company Infosys Technologies Ltd reported a 14 percent rise in its third-quarter net profit missing analysts expectations, sending its shares down by more than 4 percent.
Infosys Technologies' weaker-than-expected results sparked concerns over growth rates of India's showpiece outsourcing sector as the company flagged a sluggish global economic recovery and currency volatility.
Hong Kong stocks are likely to rise further on Thursday with traders expecting momentum to continue after the benchmark convincingly broke through short-term chart resistance on high volumes.
Cameron and Tyler Winklevoss found a skeptical audience on Tuesday as they tried to persuade a U.S. appeals court to release them from a $65 million settlement over the founding of online social network Facebook.
U.S. bank stocks rose as a broker upgrade and a successful bond sale by debt-ridden Portugal added to a mood of optimism.
U.S. bank stocks rose as a broker upgrade and a successful bond sale by debt-ridden Portugal added to a mood of optimism.
Goldman Sachs Group Inc likely has the most to lose among global investment banks from a new regulation that limits proprietary trading, analysts at J.P. Morgan Securities said, and downgraded the stock to neutral.
Goldman Sachs finally revealed how much money it makes from proprietary trading.
Text of Goldman Sachs 8-K filing showing 2010 earnings under new disclosure standards
Goldman Sachs Group Inc took a step toward greater transparency by pledging to disclose more about how it makes money, seeking to rebut criticism that it has been putting its own interest ahead of clients.
Goldman Sachs Group Inc , responding to pressure from shareholders, regulators and others, said it will disclose more information about how it makes money.
Topics of this interview include Scott Carter highlighting the global dynamic of today's interest in gold, and how macro-economic trends continue to drive the decade long bull market of the precious metals. We also evaluate the possibility of seeing QE3 in 2011.
Brazil's Finance Minister Guido Mantega has accused the United States of engaging in currency manipulation, and said his country would raise this issue at the World Trade Organization (WTO), adding that the U.S. and Chinese policies are fomenting a trade war.
Goldman Sachs Group Inc plans to start disclosing more financial information to investors, including how much of its revenue comes from trading and investing its own money, a person familiar with the matter said.
Goldman Sachs Group Inc plans to start disclosing more financial information to investors, including how much of its revenue comes from trading its own money, a person familiar with the matter said on Monday.
A rumor -- discovered to be a hoax -- that Facebook would shut down in March briefly lit up the blogosphere. There are reasons why a moment's thought shows this is wrong.
For all its dilution and exceptions, the Volcker Rule is no joke and has prompted the exodus of prop traders from big banks like Goldman Sachs.
Goldman Sachs' last large proprietary trading team is planning to leave the bank in order to start an independent hedge fund, the Financial Times reported on Sunday.
