Text size Peter Foley / Bloomberg Bigger banks have reported profits, and investors can be forgiven if they are unsure where the opportunities are now. The answer may lie in how much uncertainty they are willing to accept. Analysts warned that the quarter would be “sloppy” and “confusing,” and banks …
Read More »Goldman Sachs earnings report: Shares soar after bank crushed estimates
Text size The Goldman Sachs building is seen in lower Manhattan Photograph by Spencer Platt / Getty Images Goldman Sachs Group has just reported an explosive quarter, thanks to an increase in trade and subscription, but Wall Street wonders how long the good times will last. The investment bank’s shares …
Read More »Dow Jones Industrial Average Soars After Goldman Sachs Earnings
Text size It is good to be the Dow. The stock market continues to rise on Wednesday, but some indices are rising more than others. S&P 500 futures are up 1.4%, while Dow Jones Industrial Average futures are up 566 points, or 2.1%, and Nasdaq Composite is up just 0.5%. …
Read More »Dun & Bradstreet raises $ 1.7 billion as shares gain 15.2% on IPO debut
Text size Spencer Platt / Getty Images On their second trip to the equity markets, Dun & Bradstreet Holdings shares gained 15.2% in their trading debut on Wednesday. Dun & Bradstreet (ticker: DNB) shares traded up to 17% higher than their initial public offering price of $ 22. The shares …
Read More »Wells Fargo may need to cut its dividend by 50%, analyst says
Text size Wells Fargo plans to disclose its pay level when it reports second-quarter results in July. fake pictures With the Federal Reserve stress tests in the rearview mirror, Wall Street has a little more guidance on the path of bank dividends later this year. But the uncertainty remains. The …
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