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Financial Drag - Fast Money Recap (8/18/08)
Recap of CNBC's Fast Money, Monday August 18. Financials Drag Markets Down – Fannie Mae (FNM), Freddie Mac (FRE), Goldman Sachs (GS)
Investment Banks Nothing More Than Black Boxes
Merrill Lynch (MER) is right up there with the investment banking operations of Citigroup (C) as the domestic firms with the most bad mortgage exposure. Goldman Sachs (GS) is seen as the cream of the crop, but they surely are being ...
Goldman Sachs Beats Estimates by $1.16
Goldman Sachs (GS) reported earnings per share of $4.58 versus the average analyst estimate of $3.42. Below we highlight the second quarter estimates for 20 analysts that cover Goldman. The red and green lines indicate the change in ...
UPDATE 1-Lehman cuts Goldman, Morgan Stanley forecasts - Reuters
May 20 (Reuters) - Lehman Brothers cut its earnings forecast for Wall Street investment banks Goldman Sachs (GS.N: Quote , Profile , Research ) and Morgan Stanley (MS.N: Quote , Profile , Research ) to reflect losses from hedging. "This past quarter ...
Recent Investment Bank Performance
Last Tuesday, Goldman Sachs (GS) and Lehman Brothers (LEH) announced better than expected earnings that helped to bolster confidence in the investment banking sector. Later that same day, the Fed cut the target Fed funds rate to 2.25% ...
Hedge funds fleeing Bear's prime broker business
Reuters - Hedge funds use prime brokerage divisions to execute trades, borrow money and other services with larger funds using multiple brokers. Bear has long been among the top prime brokers, along with Goldman Sachs (GS.N: Quote , Profile , Research ) and ...
Hedge funds say fleeing Bear prime broker business
Reuters - Hedge funds use prime brokerage divisions to execute trades, borrow money and other services with larger funds using multiple brokers. Bear has long been among the top prime brokers, along with Goldman Sachs (GS.N: Quote , Profile , Research ) and ...