Investing

(L-R) Lloyd Blankfein and David Solomon attend NYSCF Annual Summer Cocktail Reception at Private Residence on July 15, 2016 in Sagaponack, NY. Sean Zanni | Patrick McMullan | Getty Images Goldman Sachs is moving to claw back tens of millions of dollars in compensation it’s paid executives including CEO David Solomon and former CEO Lloyd
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CNBC’s Jim Cramer said on Monday that “we’re in some wacko market” because normally chasing stay-at-home stocks trading at off-the-charts multiples to sales would not make sense, but now the market is rewarding investors who do so. Cramer cited Zoom Video Communications at about 50 times sales and cloud company Snowflake at about 100 times
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Evan Spiegel, CEO and co-founder of Snap Inc. Adam Galica | CNBC With earnings season gathering pace, now is the time to re-evaluate your portfolio. However, in such an unpredictable environment, investors need to be particularly savvy when making critical investing decisions. “Markets are now hoping for (and trading on) a smooth election, a big
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Brian Moynihan, CEO, Bank of America Scott Mlyn | CNBC Bank of America is scheduled to report third-quarter earnings before the opening bell Monday. The firm generated $20.45 billion in revenue, missing the $20.8 billion estimate of analysts surveyed by Refinitv. Here’s what Wall Street expected: Earnings: 49 cents a share, 12% lower than the
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David Solomon, CEO, Goldman Sachs, speaking at the World Economic Forum in Davos, Switzerland, Jan. 23, 2020. Adam Galacia | CNBC Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Wednesday. Here’s what Wall Street expects: Earnings: $5.57 per share, 16% higher than a year earlier, according to Refinitiv. Revenue: $9.46 billion,
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James Gorman David A. Grogan | CNBC Morgan Stanley is set to report third-quarter earnings before the opening bell on Thursday. Here’s what Wall Street expects: Earnings: $1.28 a share, less than 1% higher than a year earlier, according to Refinitiv. Revenue: $10.64 billion, 6% higher than a year earlierWealth management: $4.45 billion, according to
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BlackRock Chairman and CEO Larry Fink told CNBC on Tuesday he thinks the stock market can continue to move higher, adding to the strong rebound in recent months after the coronavirus-driven sell-off earlier this year. “I believe we still have more to go on the upside even in front of probably rising infection rates with Covid-19,” Fink said
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Michael Corbat, CEO, Citigroup, speaking at the World Economic Forum in Davos, Switzerland, January 21, 2020. Adam Galica | CNBC Citigroup is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects: Earnings:  93 cents a share, a 55% decline from a year earlier, according to Refinitiv. Revenue: $17.2 billion,
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Dillard’s department store. Source: Zereshk | Wikipedia Shares of Dillard’s jumped 15% during premarket trading on Monday after one of Warren Buffett’s investing lieutenants disclosed a personal stake in the embattled retailer. According to filings with the Securities and Exchange Commission, Ted Weschler, who is an investment manager at Berkshire Hathaway, bought roughly 1.08 million
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CNBC’s Jim Cramer said Monday there are structural forces exacerbated by the coronavirus pandemic that support continued strength in the stock market, regardless of the presidential election outcome. “I think there’s a genuine belief that it doesn’t matter who wins. It doesn’t matter about stimulus,” Cramer said on “Squawk on the Street.” “There are enough
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