Investors Give Goldman a Thumbs Up for Going Down Market

Major banks—Citigroup, J.P. Morgan Chase, Wells Fargo, Bank of America, and Morgan Stanley—kicked off earnings season reporting last week. But even as they beat Wall Street’s expectations, investors, who remembered that the economic cycle might be losing steam, yawned. Except for Goldman Sachs, which saw a close to 2% share price bump. Investors liked what […]

Deutsche Bank’s Overhaul May Leave Thousands in U.S. Without Jobs

Deutsche Bank rattled investors, and a lot of employees, when it announced that it would cut 18,000 workers—nearly a quarter of its global staff—in a massive restructuring. As the company announced late Sunday, it is ”radically transforming its business” in order to become “more profitable, improve shareholder returns and drive long-term growth.” That means it […]