Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Goldman Sachs (NYSE: GS)

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Can Goldman Sachs (GS) Survive Coronavirus?

Goldman Sachs (GS) is still one of the most lucrative companies around. Goldman reported a quarterly gross profit of $9.87 billion and quarterly operating income of $4.549 billion on 30 September 2020.

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Market Insanity

Goldman Sachs is Super Profitable

Goldman Sachs (NYSE: GS) generates vast amounts of cash. For instance, Goldman reported a quarterly operating cash flow of $51.351 billion and a quarterly operating cash flow of $39.452 billion on 31 December 2019.

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Cryptocurrency

No Cryptocurrency is not Coming to Apple Pay, soon

“We’re watching cryptocurrency,” Jennifer Bailey, reportedly said to Christine Romans. “We think it’s interesting. We think it has interesting long-term potential.”

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Cryptocurrency

Does Investment Banking make money at Lazard and Goldman Sachs?

Therefore, Goldman Sachs increasingly views itself as an engineering company rather than a traditional investment bank. Current engineering projects at Goldman include cryptocurrency and Marcus an artificial intelligence (AI) that offers saving accounts and personal loans.

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Cryptocurrency

Is a Goldman Sachs Cryptocurrency Coming?

Thus, a stablecoin is a lot like a bond or a checking account. Two instruments that Goldman Sachs is very familiar with. Notably, Goldman Coins could use a stablecoin to make US Dollar payments to account holders in other countries. Theoretically, stablecoin payment could be faster, cheaper, more secure, and easier than traditional wire transfers.

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Opportunities

How Much Money does Goldman Sachs (NYSE: GS) Make?

Judging by Goldman Sachs, America is a superb investment. However, Goldman Sachs’ success does not mean all Americans are doing well.

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Market Insanity

Is Citigroup Making Money?

The good news for investors is that Citi is very good at credit cards and customer service. The company will refund some money to 1.75 million customers that did not receive a planned interest rate reduction.

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Market Insanity

How Much Money is American Express Making?

Best of all, American Express is setting on a huge pile of cash. It reported $31.092 billion in cash and equivalents on 31 March 2018. That gives Amex the resources for a huge stock buyback or acquisition if it wants.

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Market Insanity

Is Uber Now a Value Investment?

Uber is now a classic value investment because it is a good company with a good product that has been having serious problems. There’s nothing wrong with Uber’s basic service or business model just its corporate culture.
Now that Khosrowshahi is cleaning that mess up, Uber stands to greatly improve. Buffett called himself “a great admirer of Dara” in a chat with CNBC. The sage of Omaha pointed out that some of the details in the Bloomberg story were wrong.

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CryptocurrencyOpportunities

Goldman Sachs plans Apple Pay Credit Card

An interesting goal for Apple would be the creation of a “financial App store” where a wide variety of solutions like Marcus would be available to consumers. Future solutions might include checking accounts, loans, insurance, investments, annuities, remittances, wire transfers, and investment advice from Goldman Sachs.

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