Warren Buffett’s Berkshire Hathaway Inc. BRK.A, -0.58% BRK.B, -0.48% redeemed more than a quarter of its stake in Wells Fargo & Co. WFC, + 1.11% and about 61% of its position in JPMorgan Chase JPM, + 0.03%, while taking on a new position at Barrick Gold Corp. GOLD, -0.55%, according …
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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 …
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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 …
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Goldman Sachs reported second-quarter earnings on Wednesday morning that exceeded earnings and earnings analysts’ estimates. Quarterly revenue posted its second highest reading as commercial companies increased due to increased market volatility. Reserves for credit losses reached $ 1.6 billion as the company prepared for the consequences of the credit market. …
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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%. …
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