All Posts Tagged With: "Goldman Sach"

Investment Bank Stocks: Will Goldman Sachs’ Good News Prolong The Banks’ Upswing?

This morning, Goldman Sachs (NYSE: GS) raised $5 billion by selling shares in its company for $123 each. 

The firm was the sole underwriter, meaning that it placed the shares on the market without the help of any other investment bank (oh, wait… are there any other investment banks left?) 

Goldman helped its cause by pre-announcing a very good quarter – much better than analysts estimated. This follows Wells Fargo’s (NYSE: WFC) better-than-expected earnings news last week.

So has the Goldman offering signaled a near-term top for financial stocks? Or is it signaling a new bull market? 

Often times a major event like this marks an…

15Apr2009 | Smart Profits Report | 0 comments | Continued

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