Share via Email Former Goldman Sachs trader Fabrice Tourre faces potential fines and a possible ban from the financial industry. Fabrice Tourre was described by the face of "Wall Street greed" by Securities and Exchange Commission lawyers during a civil case brought by federal regulators in response to the mortgage crisis. He faces potential fines and a possible ban from the financial industry. The exact punishment will be determined at a later hearing.
Summary Goldman Sachs beat its earnings estimates handily in Q3. Momentum in the stock is rising on the back of a hawkish Fed and a rising growth economy. Goldman Sachs Group Inc. GS posted an earnings beat by a wide margin and the stock continues to perform as a result.
The Q3 earnings report was solid with some big percentage gains in various divisions. And since the fundamentals for the financial sector are bright with a hawkish Fed and a rising growth economy, Goldman is in a great position to push Goldman sachs case in the medium to long term.
Overall, I believe Goldman had a solid quarter.
The FICC miss makes sense since lower yields and lower volatility took a bite out of revenue. Most of the divisions were up by big percentages.
Goldman Sachs should get a boost to earnings in Q4 on the back of rising 2-year and year Treasury yields, in my opinion. However, the rapidity and ease of the rise in yields might result in a slight pullback, but I believe U.
Fixed income trading revenue is driven by volatility in short-term bonds. With the recent fluctuations in the short-end of the bond market, trading revenue should get a lift in Q4. And if short-term yields continue the current rise and volatility throughout this quarter, Q4 should be a better quarter and the stock should perform well.
Bullish momentum behind the move: The Relative Strength Index measures momentum and a reading over 70 is very bullish.
We can see that RSI is above the 50 level yellow line which is bullish territory.
Also, RSI has been putting up higher lows in the rally green arrow. On a pullback in the stock, we might see the RSI come back to the purple line and bounce hard off of it.
Of course, this is only my opinion and expectation of what might happen, but I believe the stock will get a lift from momentum on any RSI bounce off the trend line. If you follow my articles on Seeking Alphayou know that I believe the fundamentals drive stocks, but the charts show the path or course of direction.
Traders place buy and sell orders around trend lines to either go long or short or to trigger stop-loss orders or take-profit orders.
When these orders are triggered, the move is exacerbated in the direction of the break and can result in huge momentum moves.
On the chart below, we can see some of the key levels in price or where traders may have buy and sell orders placed for Goldman. By using extensions with Fibonacci levels which are key levels traders use to place orderswe can see where there might be buying and selling interest in the stock.
For long-term investors, any pullback, although painful, might be an opportunity to add to positions since the fundamentals for the banking industry and the economy are likely to remain positive for some time.
The upcoming fundamental events include any tax reform out of Washington, the Fed taper in October, and the expected rate hike in December.Watch video · Goldman Sachs strategists have become even more bullish on commodities and say the "strategic case for owning commodities has rarely been stronger." Commodities have been the best performing asset.
Access to case studies expires six months after purchase date. Publication Date: November 03, In November , 11 of Goldman Sachs' finest gathered to put the final touches on a.
Libya: LIA loses the Goldman case COPYING AND That’s the central conclusion in the sovereign fund’s expensive loss of a $ billion legal battle with Goldman Sachs in London’s High Court in October.
The crucial distinction is that while the Goldman case rested upon the LIA proving it did not know what it was buying, the SocGén.
Sep 05, · A year gender-discrimination fight against Goldman Sachs Group Inc. has moved closer to trial. A recent ruling has cleared the way for about 2, women to join a .
Mar 14, · Why Customers Must Come First: The Case of Goldman Sachs. The Case of Goldman Sachs. Billionaires All Billionaires World's Billionaires Opinions expressed by Forbes Contributors are their own.
Nov 17, · Goldman Sachs Trust Issues Due to Stealing Employees () Ethics Case Controversy. Goldman Sachs logo: This also brings in another issue where Goldman Sachs hired a person in this case Bansal that used to oversee the bank when he was at the Federal Reserve called the “revolving door” (Peters).