Investment banking and brokerage

FILE - In this April 11, 2019, file photo trader John Panin works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, May 7. (AP Photo/Richard Drew, File)
May 07, 2019 - 1:38 pm
The Dow Jones Industrial Average tumbled more than 470 points Tuesday amid a broad sell-off on Wall Street as the U.S. and China moved closer to an escalation of their already costly trade war. The U.S. was set to impose higher tariffs on China on Friday, a day after representatives from both...
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March 27, 2019 - 7:41 am
WASHINGTON (AP) — The Supreme Court is rejecting arguments made by Justice Brett Kavanaugh when he was an appeals court judge in a case involving securities fraud. The court's 6-2 ruling Wednesday affirms an appeals court decision against investment banker Francis Lorenzo over false and misleading...
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FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. Goldman Sachs Group's board is taking steps to slash its top executives' 2018 compensation, depending upon the outcome of investigations into the investment bank's role in the ransacking of a multibillion-dollar Malaysian state investment fund. (AP Photo/Richard Drew, File)
February 01, 2019 - 5:26 pm
Goldman Sachs Group's board is taking steps to slash its top executives' 2018 compensation, depending on the outcome of investigations into the investment bank's role in the ransacking of a multibillion-dollar Malaysian state investment fund. In a filing with the Securities and Exchange Commission...
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FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. The Goldman Sachs Group Inc. reports financial results Wednesday, Jan. 16, 2019. (AP Photo/Richard Drew, File)
January 16, 2019 - 6:13 am
NEW YORK (AP) — Investment bank Goldman Sachs swung to a fourth-quarter profit, as the bank's advisory business helped offset a difficult quarter in trading, given the turbulent markets in late 2018. The Wall Street firm said Wednesday that it earned $2.32 billion, or $6.04 a share, compared to a $...
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A currency trader works at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Oct. 17, 2018. Asian markets rose on Wednesday, bolstered by robust U.S. corporate earnings and encouraging. (AP Photo/Ahn Young-joon)
October 16, 2018 - 9:18 pm
SINGAPORE (AP) — Asian markets rose on Wednesday as robust U.S. corporate earnings and encouraging data assuaged worries about softening global growth. KEEPING SCORE: Japan's benchmark Nikkei 225 jumped 1.3 percent to 22,842.12. The Kospi in South Korea advanced 1.1 percent to 2,169.20. The...
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FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. The Goldman Sachs Group Inc. reports earnings Tuesday, Oct. 16, 2018. (AP Photo/Richard Drew, File)
October 16, 2018 - 9:50 am
NEW YORK (AP) — Despite the usual lull in activity, Wall Street's biggest names had a pretty good summer. The leading U.S. investment banks — Goldman Sachs and Morgan Stanley — each reported third quarter profits that beat analysts' expectations Tuesday, helped by strong performance in their...
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July 18, 2018 - 4:56 am
NEW YORK (AP) — Investment bank Morgan Stanley said its second-quarter profits rose by 39 percent from a year ago, driven by another strong performance in trading and investment banking, as well as a lower tax bill. The New York-based bank said Wednesday that it earned $2.44 billion in the second...
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FILE - This June 21, 2018 file photo shows chief operating officer of Goldman Sachs David Solomon in Beijing. Goldman Sachs announced Tuesday, July 17, Lloyd Blankfein will retire as CEO and chairman on Sept. 30, and be replaced by Solomon. (AP Photo/Andy Wong, Pool)
July 17, 2018 - 10:14 am
NEW YORK (AP) — Another Wall Street veteran of the financial crisis is stepping aside: Lloyd Blankfein is retiring as CEO of Goldman Sachs after 12 years at the helm of the storied investment bank. Blankfein will be replaced by David Solomon, a long-time Goldman executive who has been seen as...
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FILE - In this Dec. 13, 2016, file photo, the logo for Goldman Sachs appears above a trading post on the floor of the New York Stock Exchange. Goldman Sachs reports earnings Tuesday, July 17, 2018. (AP Photo/Richard Drew, File)
July 17, 2018 - 5:08 am
NEW YORK (AP) — Goldman Sachs says profits jumped 44 percent in the second quarter compared with a year ago, driven by the investment bank's core franchises: advising companies on mergers, acquisitions and other deals, and its trading business. The New York-based bank said Tuesday that earnings...
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