The Latest Breaking News from GS

December S&P 500 futures (ESZ23) are down -0.26%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.27% this morning as investors geared up for quarterly reports from more big banks and industry heavyweights while also awaiting crucial U.S. retail sales data.

While Goldman Sachs’ (GS) revenue slightly beat analysts’ expectations in the last reported quarter, the company posted a sharp drop in profit as deal-making and trading dried up amid a challenging macro environment. As the bank is set to release its third-quarter financial report tomorrow, let’s delve into its fundamentals…

It’s a stretch to make this slight 19th-century satire speak to a modern audience, and tremendous singing is not enough to make it do so here

The main benchmarks fell Tuesday, but healthcare stocks outperformed as Eli Lilly and Novo Nordisk surged.

Calendar spreads are an option trade that involves selling a short-term option and buying a longer-term option with the same strike.

Several Berkshire Hathaway holdings are underperforming the markets in 2023. Chevron and Bank of America are two underperforming Warren Buffett stocks worth buying at these levels.

Goldman Sachs earnings tumbled 48%, worse than expected, though revenue wasn't quite as bad as forecast. GS stock edged lower.

The major indexes set fresh 52-week highs as earnings roll in. Carvana spiked on results and a debt restructuring. Tesla and Netflix earnings are on tap.

September S&P 500 futures (ESU23) are trending up +0.08% this morning after three major U.S. benchmark indices ended the regular session higher as investors weighed the latest batch of earnings reports from major companies and digested U.S. retail sales data.