Stocks have lots of room to run, said Goldman Sachs senior investment strategist Abby Joseph Cohen at the Bloomberg Hedge Fund conference in New York Wednesday morning.
Cohen, a 22 year veteran of Goldman Sachs (GS), estimates that even after the 2012 market rally, stocks could rise another 10% to 15% in 2013. While Congress has given the U.S. population reason to worry about taxes and the fiscal cliff, the overall MOREMaureen Farrell - Dec 5, 2012 11:28 AM ET
Goldman Sachs (GS) has been part of the crime scene -- CBS' CSI: Crime Scene Investigation franchise, that is -- since 2007. Now, the investment banking behemoth may be ready to flee the scene.
After owning 50% of one of this decade's most popular television franchises, the bank's private equity arm, GS Capital Partners, is looking to make a quick getaway.
GS Capital Partners has been talking to potential buyers for MOREMaureen Farrell - Nov 29, 2012 12:39 PM ET
Major Wall Street banks shut their doors Monday and said they'd waive certain fees, as Hurricane Sandy barrels toward the East Coast.
Citigroup (C) shuttered all of its branches in Manhattan and said only a handful of branches in New York, Boston, Philadelphia, Connecticut and Delaware would remain operational Monday. The bank's branches in Maryland, Virginia, and the District of Columbia were all open for business Monday.
JPMorgan Chase (JPM) planned to MOREMaureen Farrell - Oct 29, 2012 12:23 PM ET
Massachusetts regulators on Friday fined a Citigroup unit $2 million for failing to prevent analysts from illegally leaking confidential information about Facebook's initial public offering.
Citigroup (C) was one of several banks that competed to underwrite Facebook's (FB) IPO, along with lead underwriter Morgan Stanley (MS), Goldman Sachs (GS), Bank of America (BAC) and others.
Under U.S. securities law, IPO underwriters are not allowed to publish research on a company until MOREBen Rooney - Oct 26, 2012 11:11 AM ET
The bank stock surge continues.
Investors, high on pledges from the European Central Bank to buy more sovereign bonds and better-than-expected U.S. employment numbers, grew euphoric on what those moves could mean for banks' profits.
Bank stocks, including JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS), and Citigroup (C), shot up roughly 4% Thursday.
It was also a hot topic on StockTwits, where at least one tweeter was keen to point MOREMaureen Farrell - Sep 6, 2012 2:39 PM ET
The market was mostly lower on yet another sleepy August day of trading. But bank stocks were among the more notable standouts. Bank of America (BAC) and JPMorgan Chase (JPM) were two of the better performers in the Dow. Morgan Stanley (MS) and Goldman Sachs (GS) were each up more than 1.5% And Citigroup (C) had gained more than 2%.
The big banks have been riding a hot streak for the MOREPaul R. La Monica - Aug 20, 2012 2:11 PM ET
Paychecks for executives and top employees at the world's largest financial institutions are expected to get only a little bit bigger in 2012.
Compensation at the big banks will remain far below the highs of 2007, but overall, top executives could see paychecks and bonuses jump by as much as 10% in 2012.
Compensation consulting firm Johnson Associates projects that overall pay will hover between remaining flat and increasing up to 10%, MOREMaureen Farrell - Aug 17, 2012 11:21 AM ET
Even billionaire George Soros caught Facebook (FB) fever this spring.
The hedge fund manager purchased 341,000 shares of the social media company during the second quarter, according to SEC filings.
Hedge fund managers aren't forced to specify when during a quarter they purchased stakes in various firms. Still, it's safe to say that the investor who infamously made $1 billion shorting the British pound is under water on his Facebook bet.
Related: Warren MOREMaureen Farrell - Aug 14, 2012 7:13 PM ET
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.
Happy days are here again for the stock market. If you love round numbers, then today is your day. The Dow is back above 13,000. Nasdaq has vaulted above 3,000 again. And the S&P 500 has MOREPaul R. La Monica - Aug 7, 2012 12:55 PM ET
Don't waste your time picking stocks.
Choosing individual stocks won't give you much of an edge in this investing environment, according to a report by Goldman Sachs' research analysts released Tuesday.
So-called idiosyncratic risk -- how much an individual stock deviates from the performance of the overall stock market -- is at its lowest level since July 2011. And that makes it tough to find stocks that stand out from the crowd.
"We MOREMaureen Farrell - Jul 10, 2012 1:22 PM ET
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