40.2 F
Fort Worth
Wednesday, October 28, 2020
Banking Goldman's muted start

Goldman’s muted start

Other News

Exxon’s oil slick

Exxon Mobil is slashing its capital spending budget for 2020 by 30% due to weak demand caused by the COVID-19 pandemic and a market...

Folk music’s Mark Twain: 7 Essential tracks from John Prine,

NEW YORK (AP) — Some people, the songs just come out of them. For nearly half a century, they tumbled out of John Prine...

Tarrant County records another COVID-19 death

Tarrant County Public Health (TCPH) on Wednesday, April 8 reported that a resident of Euless has died as the result of the COVID-19 virus....

Tradition stymied: A year unlike any since WWII for Augusta

The Masters is so intertwined with Augusta, they added an extra day to spring break.You see, the first full week of April isn't just...

Goldman Sachs’ shares skidded

3.8% Monday after it reported a

steep slide in first-quarter profit

because of a slowdown in trading.

David Solomon, Goldman’s

chairman and chief executive

officer, described the quarter as a

“muted start to the year.”

The Wall Street bank’s profits

were primarily hurt by its trading desks. Once a place of

record profitability for the bank, Goldman’s traders have

struggled under lighter volume

combined with periods of extreme

volatility that are hard to navigate.

Goldman has been working to

diversify in recent years into new

forms of banking and financial

services, including its consumer

banking franchise known as

Marcus. It also recently jumped

into the credit card business, becoming the issuing

bank for Apple’s new credit card.

Latest News

Veritex Holdings: 3Q Earnings Snapshot

DALLAS (AP) _ Veritex Holdings Inc. (VBTX) on Tuesday reported third-quarter earnings of $22.9 million.The Dallas-based bank said it had earnings of...

UMB: 3Q Earnings Snapshot

KANSAS CITY, Mo. (AP) _ UMB Financial Corp. (UMBF) on Tuesday reported third-quarter net income of $73.1 million.The bank, based in Kansas...

Texas Capital Bank names new CEO, president

Texas Capital Bancshares Inc. (NASDAQ: TCBI), the parent company of Texas Capital Bank, N.A., on Oct. 27 announced that Rob C. Holmes...

Independent Bank Group: 3Q Earnings Snapshot

MCKINNEY, Texas (AP) _ Independent Bank Group Inc. (IBTX) on Monday reported third-quarter earnings of $60.1 million.The bank, based in McKinney, said...

Texas Trust Credit Union names Ginia Chapline COO

Ginia Chapline has been promoted from Senior Vice President of Talent to Chief Operating Officer at the $1.5...