Tag:
Value At Risk
Latest Headlines
Latest Headlines
Details of Goldman Sachs' Q2 trading losses
In the obligatory quarterly update of trading gains and losses that are released via filings following earnings releases, Goldman Sachs is accustomed to faring well against its peers. But not so the in the second quarter. The bank lost money trading on 15 days in the quarter. That compares with ei
Move over Goldman Sachs: Morgan Stanley's trading shines
Morgan Stanley (NYSE: MS ) was criticized for cutting back its trading activity in the wake of the credit crunch, ceding the market to companies such as Goldman Sachs (NYSE: GS ), who took advantage of wide spreads and reduced competition to generate record trading revenues. Morgan Stanley v
Prop bets vs. agency trades at Goldman Sachs
How hard is it to take chips off the table at Goldman Sachs? The company's 82 percent drop in second-quarter earnings offers some interesting perspective. Many people think of Goldman Sachs as a prop trading shop, while executives have worked hard to portray itself as a client-driven agency-type s
Many days of $100 million gains at Goldman Sachs
One of the more interesting metrics that has drawn attention over the past few years: The number of trading days on which a bank made more than $100 million. There was a time when such a sum was unheard of. But Goldman Sachs ( Goldman Sachs news) has just revealed in a filing that it had made a
What to make of Goldman Sachs' earnings?
Wow! The hype about Goldman Sachs' ( GS ) third-quarter earnings is really strong. One news article referred to the firm as the one "considered the most profitable in Wall Street history." Wall Street history? Not sure what the methodology behind that was, but that's a strong assertion. Still, t
The future of VAR
The New York Times offers a lengthy retrospective on that oft-quoted, little-understood measure of risk called "value at risk," or VAR. The measure was trotted out dutifully by top investment banks in their quarterly reports and essentially became the only measure of risk people cared abou
