proprietary trading news from FierceFinance
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Second-quarter earnings still a question mark
Goldman Sachs analyst William Tanona has reduced his second-quarter earnings estimates at Bear Stearns, Lehman Read more...
Earnings anxiety takes toll, expected to linger
First quarter earnings from the top investment banks will start rolling out next week. Analysts already have taken a bearish tilt despite a recent Fed-induced Read more...
Details on rogue trader's red flags
Goldman Sachs' hugely successful business model, which relies on proprietary trading, seems to be catching on at some companies. At Societe Generale, however, it has proven disastrous. The New York Read more...
Goldman Sachs to stumble in 2008?
We've suggested that Goldman Sachs really has no where to go but down. What really set the firm apart in 2007 of course was its savvy use of its balance sheet. The fact is that you can't run the Read more...
Morgan Stanley walking the plank? China deal announced
Ouch! Morgan Stanley's 4Q results were not good. The bank lost $3.61 per share in the period, far greater than the 39 cents expected on average by analysts. Writedowns for the quarter totaled $9.4 Read more...
Do analysts' estimates mean anything any more?
It used to be that if companies' trounced expected earning, investors would cheer. That still holds true in some cases, but in the financial services industry, beating the estimates means less these Read more...
Goldman Sachs earnings beat expectations--again
Goldman Sachs reported 4Q earnings of $7.01 vs. the expected $6.61 a share. Yet another upside surprise. It also beat revenue expectations: $10.7 billion vs. $10.2 billion. For 2007, it had a banner Read more...
Goldman earnings to hit annual record?
Goldman Sachs releases its 4Q earnings tomorrow. The media coverage will be intense, but the PR staff has already been in overdrive. The buzz over the Wall Street Journal front-pager about its Read more...
Goldman Sachs hits one long, Bear Stearns whiffs
In this environment, you could call Goldman Sachs' 3Q earnings a home run. It posted earnings per share of $6.13. The average earnings estimate was $4.35 per share. Whew! Once again, proprietary Read more...
Goldman spared large expected earnings reduction
Ahead of earnings week, analysts had reduced their expectations significantly. According to Financial News Online, the average analyst estimate for Bear Stearns is down by 50 percent. Morgan Read more...