Most investors are familiar with the speculative thesis that China is wrestling with a large property bubble right now, and that there may be little the international community can do to avoid the crash. The Chinese government is aware of the issues, and it’s stalling a $6.5 trillion urbanization plan on fears it will further hurt the economy. Property Crisis In China There are huge fears that several factors stemming from a Chinese property...
Read More »
Hedge funds aren’t doing well in recent months. A new chart, which was released by Goldman Sachs, showed the performance of the industry against major indices. The result, as any contemporary investor will predict, was not in favor of the investment vehicles. 2012 was a bad year for hedge funds, and judging by performance so far, 2013 could be even worse. Hedge Fund Performance: According to a Businessweek piece on hedge fund performance, it...
Read More »
Goldman Sachs Group, Inc. (NYSE:GS) CEO Lloyd Blankfein sat down with Bloomberg TV anchor Erik Schatzker at the company’s annual meeting in Salt Lake City. Lloyd Blankfein said that the firm is committed to growing in China even after it ended a seven-year investment in The Industrial and Commercial Bank of China (I.C.B.C.) (SHA:601398) (HKG:1398): “ICBC is not the key to our interest in China, or the big reflection of it. We’re investing in China...
Read More »
J.C. Penney Co. Inc (NYSE:JCP) said today that it has successfully secured $500 million more in loans than the $1.75 billion it initially sought. The Plano, Texas-based retailer is trying hard to recover from the missteps of its former retailer Ron Johnson, and win back customers. The $2.25 billion loan is secured by a number of J.C. Penney properties including the company headquarters in Plano, distribution centres, stores and land. Last month, J.C. Penney Co....
Read More »
Introduction: An empirical review of “too big to fail” (TBTF) until The bond funding edge: Size has some benefits “Too big to fail” (TBTF) represents, among other things, the idea that the biggest US banks receive an unfair funding advantage over smaller banks in the bond market. Recent research has shown a sizeable advantage, but our empirical work suggests otherwise. Within the universe of bond-issuing US banks, the six largest banks did indeed experience...
Read More »
The jumbo mortgage market shrank during the housing downturn. Jumbo mortgages, defined as loans with an original balance exceeding $417,000, contracted disproportionally after the onset of the housing crisis with house prices plunging and the private mortgage market shattered. As the housing market begins to recover and the private mortgage market heals, Goldman Sachs examine the future prospect of the jumbo mortgage market. Growth opportunities in the jumbo mortgages market are significant There are...
Read More »
In the first quarter, hedge funds showered new love on Exxon Mobil Corporation (NYSE:XOM), General Electric Company (NYSE:GE), Time Warner Inc (NYSE:TWX) and Hess Corp. (NYSE:HES), resulting in a decline in short interest as they entered Goldman Sachs’ VIP Basket of 50 stocks. The VIP list includes the favorite stock picks from hedge funds in each quarter. We have covered the major points from GS Hedge Fund Trend Monitor, which found that American International Group Inc (NYSE:AIG) had maintained its hold...
Read More »
Analysts at Goldman Sachs Equity Research projected that the earnings per share (EPS) of Hewlett-Packard Company (NYSE:HPQ) will be generally in-line with the consensus estimate of Wall Street analysts for the second quarter of 2013. They expect the company to post $0.80 EPS and projected that its revenue might be lower-than-expected because of strong competition and weak demand in PC’s and enterprise hardware. Goldman Sachs Group, Inc. (NYSE:GS) analyst Bill Shoppe and his fellow analysts...
Read More »
Carlyle Group LP (NASDAQ:CG) is looking to raise 200 billion yen ($2 billion) with the launch of a third Japan fund, reports Reuters. Carlyle Group’s proposed $2 billion fund is set to succeed its earlier seven-year old fund. Carlyle Group LP (NASDAQ:CG)’s proposal comes in the wake of potential revival in the Japanese market, bolstered by Prime Minister Shinzo Abe’s pledge to boost the country’s struggling economy through a series of aggressive monetary and...
Read More »
Saks Inc (NYSE:SKS) shares rose as much as 18 percent in after-hours trading after it was revealed that the company hired Goldman Sachs to look into a possible sale. That’s according to a report by New York Post writer James Covert. Potential Buyers For Saks Saks apparently is interested in other strategic options outside of a sale as well. According to Covert, the retailer’s flagship store on Fifth Avenue in Manhattan may be worth...
Read More »
Microsoft Corporation (NASDAQ:MSFT) shares still receive a sell rating from a team of analysts at Goldman Sachs Group, Inc. (NYSE:GS), although they have bumped their price target for the stock up slightly to $30 per share from $27 per share. In a report released to investors this week, they updated their PC and tablet shipment forecasts. Updated Forecasts For Microsoft For Microsoft Corporation (NASDAQ:MSFT)’s June quarter, they’re expecting total revenue of $21.1 billion and...
Read More »
