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• Goldman sinks a birdie

  Posted Jun 17 2008, 12:52 PM by Matt Koppenheffer
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  Filed under: Goldman Sachs, CAPS
  Money Blog: Top Stocks Blog - MSN Money

  Ok, I'll admit that scoring Goldman Sachs' quarterly report is difficult. Was it actually a birdie because the firm easily topped analysts' earnings expectations? Or was it a bogie because earnings per share fell 7% from last year?
  
  Either way what's clear is that Goldman is once again showing that it's the Tiger Woods of the investment banking and brokerage industry. Though it may have found itself in a sand trap here and there, the firm's solid fundamental play has kept it on the fairway more often than not during a tough year. Meanwhile, competitors like Lehman Brothers, Morgan Stanley, and Merrill Lynch have spent an awful lot of time in the rough and have been scoring double-digit bogies. And of course let's not forget Bear Stearns, which was unceremoniously asked to leave the course altogether.   Read More...

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• Goldman: Superhero or ticking time bomb?

  Posted Oct 30 2007, 03:16 PM by Matt Koppenheffer
  Rating:
  Filed under: Investment Banking, Goldman Sachs, CAPS
  Money Blog: Top Stocks Blog - MSN Money

  So after he oversaw $8 billion-plus in losses at Merrill Lynch and shopped a merger with Wachovia without consulting his own board, Stan O'Neal is officially out of the CEO spot. At least he'll have plenty of time to tweak his golf game now. Oh no, wipe away those tears -- ol' Stan, he won't be on the ramen noodle diet any time soon.
  
  While the troubles of other struggling firms like Bear Stearns, Citigroup, and Bank of America have faded into the background to some extent as Merrill's shenanigans have taken center stage, they're not gone. Even Merrill, which may elicit the reaction of "how much worse can it really get" might get a bit worse. Deutsche Bank analyst Mike Mayo, who's been really turning the screws on the management teams at the banks, suggests that new management might get even more conservative and write off as much as $4 billion more.   Read More...

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