In the battle for supremacy on Wall Street's equity trading desks, the most successful banks are dangling a precious resource in front of hedge-fund clients: a balance sheet. Morgan Stanley, Goldman Sachs Group Inc. and JPMorgan Chase & Co.
Lloyd Blankfein called it fruitless to try responding to remarks made by Republican presidential candidate Donald Trump about Hillary Clinton's ties to Wall Street. "To go out and argue in a rational way some of the things that are being said is a waste of time," Blankfein, Goldman Sachs Group Inc.'s chief executive officer, said Wednesday in an interview on CNBC, responding to a question about Trump's rhetoric.
To the thousands of traders and salespeople who've lost their jobs since the financial crisis, Wall Street has a message: We're doing OK without you. The five biggest U.S. investment banks reaped $20.7 billion in revenue from bond and stock trading in the third quarter, the most for the typically slow summer period since 2009.
Goldman Sachs's stock rose 1.6% to $171.75 in early trading in New York. Photo: AP New York: Goldman Sachs Group Inc., the Wall Street firm most reliant on trading, reported a 47% increase in third-quarter profit as its performance in bond trading beat analysts' estimates.
by Dakin Campbell Goldman Sachs Group's commitment to fixed-income trading through a seven-year slump paid off in the third quarter, as revenue from the business surged 49 per cent to propel the firm past analysts' earnings estimates.
Goldman Sachs Group Inc., once the most profitable firm on Wall Street, reported a 47 percent increase in third-quarter earnings as revenue from bond trading surpassed analysts' predictions. Net income rose to $2.09 billion, or $4.88 a share, from $1.43 billion, or $2.90, a year earlier, the New York-based company said in a statement Tuesday.
Citigroup Inc. named Tim Gately, currently head of equities in Europe, the Middle East and Africa, to oversee the same business in the Americas, filling the role vacated by Dan Keegan's promotion. David Haldane, who runs derivatives trading globally, will add Gately's role in the EMEA region to his current responsibilities, according to a memo to staff Monday from Keegan and Murray Roos.
Mark Schwartz, Goldman Sachs Group Inc.'s Asia-Pacific chairman, will step down at year-end and be an adviser to the firm. Schwartz, 62, who has worked at the firm for 27 years and is based in Beijing, will become a senior director, the New York-based bank said Monday in a memo to staff.
by Dakin Campbell Citigroup posted third-quarter profit that beat analysts' estimates as bond-trading revenue surged 35 per cent from a year earlier, helped by interest-rate and currencies trading. The lender helped lead bank shares higher on Friday after reporting net income of $US3.84 billion, or $US1.24 a share, down 11 per cent from a year earlier.
Citigroup Inc. posted third-quarter profit that beat analysts' estimates as bond-trading revenue surged 35 percent from a year earlier, helped by interest-rate and currencies trading. Net income slid 11 percent to $3.84 billion, or $1.24 a share, from $4.29 billion, or $1.35, a year earlier, the New York-based bank said Friday in a statement.
Muck Rack makes it simple to find people, tweets, or articles that mention any name, keyword, company, hashtag etc. We've compiled this guide to help you make the most of your search.
Selecting a term
Start searching tweets, articles from media outlets, articles mentioned in tweets, journalists'
names, titles and bios with some suggested searches:
Companies or Topics (e.g. iPhone, Microsoft)
Phrases (e.g. "cloud computing") — use quotes to keep the terms together
Twitter handles (e.g. @username) — returns those who have mentioned or replied to
Names (e.g. "David Pogue")
Hashtags (e.g. #sxsw, #london2012)
Bio details (e.g. vegan, Olympics, father)
Muck Rack's Advanced Search allows for many boolean operators.
Find results that mention multiple specified terms, use AND or
+. For example, ensure each result contains both Elon Musk and Mark Zuckerberg by
searching Obama AND Romney or Obama + Romney.
Use the operators OR or , to broaden your search when you'd like either of
multiple terms to appear in results. (This is the default behavior of our search when no operators
are used.) For example, search for democrat OR republican to find results that refer to
Democrats and/or Republicans.
Use NOT or - to subtract results from your search. For
example, searching Disney will yield results about the Walt Disney Company as well as Walt Disney
World Resort. To exclude mentions of Disney World, search for Disney -World or Disney
When using one of these operators with a phrase, enclose it in quotation marks. For example, you can
find results about smartphones excluding Apple's iPhone 4S by searching smartphone -"iPhone
Use parentheses to separate multiple
boolean phrases. For example, to find journalists talking about having fun in Disney World or
Disneyland, search for ("disney world" OR disneyland) AND fun.
An asterisk can be used to search for any variation of a root word truncated by the asterisk. For example, searching for admin* will return results for administrator, administration, administer, administered, etc.
A near operator is an AND operator where you can control the distance between the words. You can vary the distance the near operation uses by adding a forward slash and number (between 0-99) such as strawberries NEAR/10 "whipped cream", which means the strawberries must exist within 10 words of "whipped cream".