Bank of America and Citigroup also received shareholder proposals from right-leaning groups challenging their business practices.
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Bank of America’s stock (NYSE: BAC) posted a better-than-expected set of Q4 2024 earnings, led by stronger investment banking business and higher net interest
Goldman Sachs CEO David Solomon promoted a slew of top bankers on Tuesday to run the firm’s biggest business units, just days after the bank boss was awarded a pair of massive bonuses. The
Goldman Sachs and UBS have emerged as the leading mergers and acquisitions (M&A) financial advisers in South America for 2024, in terms of deal value and volume, respectively, according to the latest league table from GlobalData, a data and analytics firm.
Goldman Sachs Group (GS – Research Report), the Financial sector company, was revisited by a Wall Street analyst yesterday. Analyst Ebrahim
NEW YORK (Reuters) -Goldman Sachs CEO David Solomon was awarded an $80 million stock bonus to stay at the helm for another five years, a stark turnaround for a leader whose survival was questioned after the firm's ill-fated foray into consumer banking.
British investment bank Barclays said on Monday it has appointed former Goldman Sachs banker Paul Johnson as head of equities for Asia Pacific.
Bank of America and Morgan Stanley are next up in a series of bank earnings reports due out this week. The firms report fourth-quarter results on Thursday morning. Their competitors—JPMorgan Chase, Wells Fargo,
Goldman Sachs posted its best profit since the third quarter of 2021, driven by bankers who brought in more fees from dealmaking, debt sales and strength in trading, sending its shares up 3% before the bell.
Bank of America stock, for example, was down 2% after reporting a 116% spike in earnings. M&T Bank, US Bancorp, and PNC Financial were all down about the same, or more. Only Morgan Stanley stock was rising Thursday, but it is primarily an investment bank and asset manager, and less a consumer bank.
JPMorgan, Wells Fargo, Goldman Sachs and Citi kicked off earnings season on Wednesday with their December-quarter results.