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Goldman Sachs Second-Quarter Earnings Fall

Posted Jul 20th 2010 10:00AM by Mark Fightmaster (RSS feed)
Filed under: Earnings Reports, Goldman Sachs Group (GS)

Among the flurry of earnings announced this morning is banking behemoth Goldman Sachs (GS). The embattled firm announced that its second-quarter earnings fell to 78 cents per share. The bank was negatively impacted by its $550 million settlement with the Securities and Exchange Commission. GS also took a negative hit from a U.K. payroll tax.

Taking the two aforementioned charges out of the equation, GS would have earned $2.75 per share, easily topping the consensus estimate of $2.08. The problem is that those penalties cost the company dearly.

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How Much Further Can Goldman Sachs Drop?

Posted May 20th 2010 4:40PM by Sheldon Liber (RSS feed)
Filed under: Major Movement, Forecasts, Rants and Raves, Market Matters, Goldman Sachs Group (GS), Financial Crisis

What a dumb question. How the heck should I know how low Goldman Sachs Group, Inc. (GS) might go? But everyone keeps asking me.

I guess we do know a few things or can make some very broad judgments. Let's give the question some basic reconnoitering. Perhaps with a defensive position in mind, a word with military connotations is particularly appropriate.

The stock closed yesterday at $140.10. It has been falling faster than the market under the weight of the SEC, DOJ and Congressional chest pounding. I do not think they are going out of business so lets assume it will not go to zero. Let's even stick our necks out further by suggesting it is highly improbable that it falls anywhere near its low of November 2008 when it closed at $53.31, under the truly catastrophic financial nightmare following Lehman Bros. collapse -- and fear that Goldman Sachs could be next.

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Analyst upgrades, downgrades and initiations: AIG, DFS, ERIC, GE, HOG, SYMC ...

Posted Sep 8th 2009 11:20AM by Eric Buscemi (RSS feed)
Filed under: Analyst Reports, Analyst Upgrades and Downgrades, General Electric (GE), Amer Intl Group (AIG), Harley-Davidson (HOG), Analyst Initiations

Analyst upgrades:

Bernstein upgraded Lincoln National (NYSE: LNC) to Outperform from Market Perform based on relative valuation and expectations the company will repay TARP without a capital raise. The firm raised its target to $34 from $26.
Thomas Weisel upgraded Ticketmaster (NASDAQ: TKTM) to Overweight from Market Weight and raised its target to $12 from $8 citing dynamic ticket pricing and the potential merger with Live Nation (NYSE: LYV).
Citigroup upgraded Harley-Davidson (NYSE: HOG) to Hold from Sell after channel checks indicated retail sales have improved since Q2. The firm raised its target on shares to $26 from $14.
McDermott (NYSE: MDR) was upgraded to Outperform from Neutral at Credit Suisse.
Ericsson (NASDAQ: ERIC) was upgraded to Hold from Sell at Deutsche Bank.
General Electric (NYSE: GE) was upgraded to Overweight from Neutral at JPMorgan.