|Bid||8.39 x 1300|
|Ask||33.53 x 800|
|Day's range||20.92 - 21.09|
|52-week range||18.21 - 22.37|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||1.68|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
Two of the banking industry's top executives discussed the slowdown they expect to see this year on Wall Street.
Romi Savova left her job in investment banking in 2014 with a plan to simplify pension savings in the UK.
The new cuts at the Wall Street giant amount to roughly 250 positions, following two previous rounds of layoffs.
(Bloomberg) -- More disappointing inflation news could help to persuade Federal Reserve policymakers to raise interest rates again, giving ammunition to hawks who argue there’s more work needed to restore price stability.Most Read from BloombergBiden, McCarthy Forge Debt-Limit Deal in Bid to Avert US DefaultWorld’s Richest Man Throws In Towel on Beverly Hills HotelKey Takeaways From Deal Biden, GOP Sealed to Avert US DefaultTexas AG Ken Paxton Impeached by Republican-Led State HouseEurope’s Econ
(Bloomberg) -- Copper fell below $8,000 a ton for the first time in six months as investors cool on the prospects for a robust economic recovery in China this year.Most Read from BloombergApple Plans to Turn Locked iPhones Into Smart Displays With iOS 17McCarthy Signals Debt Deal Optimism as US Put on Credit WatchWorld’s Biggest Nuclear Plant May Stay Closed Due to Papers Left on Car RoofLula Lashes Out and Sends Warning to Central Bankers EverywhereMcCarthy, Graves Signal Impasse in White House
(Bloomberg) -- President Joe Biden and Republican House Speaker Kevin McCarthy will meet at 5:30 pm Monday at the White House for talks on averting a catastrophic US default as time runs short and key differences remain.Most Read from BloombergChina’s $23 Trillion Local Debt Mess Is About to Get WorseMexico Raises Alert Level on Volcano Rumbling Near CapitalParents Sue Elite Schools for ‘Indoctrinating’ Their Kids With Anti-Racist PoliciesChina’s New Covid Wave Set to See 65 Million Cases a Week
Sara Naison-Tarajano, Goldman Sachs Global Head of Private Wealth Management Capital Markets, joins Yahoo Finance Live to discuss where Goldman Sachs family offices are investing according to a survey, cryptocurrency investments, and the company's outlook based on investment trends.
(Bloomberg) -- Turkey’s markets slid as the nation heads for a runoff election, with stronger-than-expected support for President Recep Tayyip Erdogan wrong footing investors who were betting on a quick end to his unconventional economic policies.Most Read from BloombergMichael Burry Doubles Alibaba Stake in Big Bet on China TechA 32-Year-Old Nears Billionaire Status by Using AI to Broker Japan MergersTurkey Latest: Erdogan Says Unclear If Vote Will Go to RunoffTurkey Set for Runoff as Erdogan F
Goldman Sachs recently hosted top CEOs and leaders of the industrial sector for their Industrials and Materials Conference. Yahoo Finance was there to gather exclusive insights from the most influential companies in the space, including RXO (RXO), Clean Harbors (CLH), and Johnson Controls (JCI). Yahoo Finance's Seana Smith breaks down her top three takeaways. Key video moments: 00:00:19 artificial intelligence 00:00:51 bullish on economy 00:01:16 labor shortage
(Bloomberg) -- US long-term inflation expectations unexpectedly accelerated in early May to a 12-year high and consumer sentiment soured, reflecting growing concerns about the economic outlook.Most Read from BloombergThis New Airline Is Raising the Bar, From First Class to EconomyYellen Says ‘We Have to Default’ on Something If Congress FailsTesla Recalls Virtually Every Car It Has Sold in ChinaFlorida’s Money Man Threatens to Cut Ties With Bank of America, Wells FargoElon Musk Picks Linda Yacca
The comments from Federal Reserve Governor Chris Waller come as the central bank tests the resilience of banks under different climate scenarios.
Yahoo Finance Live’s Seana Smith discusses key takeaways from Goldman Sachs’ Industrial & Materials Conference happening in N.Y.
Yahoo Finance Live’s Diane King Hall reports that Goldman Sachs has settled its gender discrimination lawsuit.
TCW Group CEO Katie Koch thinks sentiment in the banking industry is riding a little too high right now as regional banks stumble.
The fate of First Republic Bank is in question, as pressure mounts on the embattled lender after it revealed a massive fall in deposits during the first quarter. As Wall Street debates the cause of First Republic’s (FRC) troubles, one analyst blames the nation’s top financial regulators. Fed Chair Jerome Powell and Treasury Secretary Janet Yellen were “advocates of the strategy called ‘go big at the Fed’,” Chris Whalen, Whalen Global Advisors Chairman tells Yahoo Finance. “After 2018…we had a big problem in the money markets, so I think Chairman Powell…panicked in Washington, and they decided to provide more reserves.” As the COVID-19 pandemic hit, the central bank acted again, bringing the Fed’s balance sheet to nearly $9 trillion. “What they did, in essence, was throw a lot of money at a perceived problem, but they’ve created a real problem now, which is that interest rates have risen,” Whalen says. "The Fed has created a huge market risk, so these outliers like Silicon Valley, First Republic, have tipped over in a difficult funding market.” In his full interview, Whalen spoke with Brad Smith and Julie Hyman about the issues First Republic (FRC) is facing. Key Video Moments 00:00:05: Powell and Yellen's strategy 00:01:10: Huge market risk 00:01:35: Unrealized losses on balance sheets
Apple's new high-yield savings account will get customers to stick around longer than a smartwatch.
First-quarter results from Goldman and Morgan Stanley showed how a deal making slump is hurting the biggest firms on Wall Street
Morgan Stanley became the latest Wall Street giant to report that investment banking revenue dropped
The Yahoo Finance Live team discusses the recent bank earnings releases, including news from Bank of America and Goldman Sachs.
The Yahoo Finance Live team breaks down Bank of America and Goldman Sachs' Q1 earnings reports following last month's banking fallout.
Yahoo Finance Live’s Ines Ferre breaks down stock performance for Southwest Airlines, Bank of America, and Goldman Sachs.
Yahoo Finance Live anchors Rachelle Akuffo and Brad Smith discuss the decline in stock for Goldman Sachs following first-quarter earnings.
Two financial giants posted diverging results in the first quarter as turmoil roiled banking and markets
Investors monitored more earnings reports on Tuesday, including from Johnson & Johnson, Bank of America and Goldman Sachs.
Bank earnings this week, including reports from Bank of America (BAC), Goldman Sachs (GS) and especially smaller regional banks, will give investors a better indication and more definitive signs on whether the recent banking crisis is over. Better-than-expected results in the past week from bellwethers like JPMorgan Chase (JPM), Wells Fargo (WFC), and Citigroup (C) calmed the market to a large extent, but there is still reason for caution. Yahoo Finance spoke to several banking experts who gave their assessment on the current environment. American Banker’s John Heltman says it’s too early to call the crisis over before we see quarterly results from more mid-size regional banks. Quant Insight Head of Analytics Huw Roberts says he feels the crisis is largely contained and credits the Fed for restoring order. ‘I think you have to give credit to the Fed and other authorities for the speed at which they moved,’ he said. Key video moments: 00:00:13 banking crisis 'feels contained' 00:00:40 why deposits are 'leaving the system' 00:00:55 moving from crisis to stabilization phase