Streetbeat News

Corporate Responsibility

GS

During a conference call, the CEO of Goldman Sachs announced the expectation to raise an additional $40 billion to $50 billion in alternatives in 2024. This indicates a significant focus on expanding their alternative investment offerings.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:12 pm

GS

Goldman Sachs CEO, during a conference call, expressed confidence in the company's ability to grow its financing activity due to the scale and size of the market. Additionally, the CEO mentioned plans to normalize investment banking activity.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:08 pm

AAPL

GS

Goldman Sachs CEO stated in a conference call that the company is working on reducing the drag from its partnership with Apple and is making progress.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 3:02 pm

MS

XLF

Morgan Stanley (NYSE:MS) reported Q4 earnings with a net profit of $1.5 billion, down from $2.2 billion Y/Y, but surpassed revenue estimates with $12.9 billion against a consensus of $12.75 billion. The Wealth Management division's revenue was flat Y/Y, while Investment Banking revenue grew by 5.3%. Fixed Income revenues slightly increased. The decline in net income was attributed to higher costs in Wealth Management and a $249 million regulatory settlement. The company declared an 85 cent quarterly dividend, and shares were down 3% at last check. James Gorman ended his tenure as CEO, with Ted Pick succeeding him. In comparison, the SPDR Select Sector Fund – Financial (NYSE:XLF) gained 4.8% last year, while MS shares lost 7.6%.

Portfolio Pulse from Anusuya Lahiri

January 16, 2024 | 2:58 pm

GS

During a conference call, Goldman Sachs' CFO announced the company's ongoing focus on exiting its on-balance sheet asset management portfolio over the medium term. No further updates were provided regarding their credit card partnerships.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:52 pm

GS

During a conference call, the CEO of Goldman Sachs expressed confidence in the firm's platform, indicating a stronger position for the company in 2024.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:50 pm

GS

Goldman Sachs CEO announced during a conference call that the company's consumer ambitions have resulted in the accumulation of over $150 billion in deposits.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:42 pm

AMZN

Ann Hiatt's interview with Jeff Bezos in 2002 for a position at Amazon.com Inc showcased her analytical skills and problem-solving abilities. Her approach to a brain-teaser question impressed Bezos, leading to her being assigned a desk near his. Hiatt emphasizes the importance of resilience, ambition, and adaptability in a corporate environment. She now uses these lessons in her consulting firm to help CEOs foster innovation and leadership. The story is part of Benzinga Inspire series and may include sponsored content.

Portfolio Pulse from Bibhu Pattnaik

January 16, 2024 | 2:41 pm

AAPL

MSFT

QQQ

Microsoft CEO Satya Nadella is satisfied with the company's partnership with OpenAI, indicating no desire for greater control despite a $13 billion investment. Microsoft has integrated ChatGPT technology into its products and maintains its own AI development. Nadella sees AI as key to future hardware development. Microsoft surpassed Apple as the most valuable company but Nadella views market cap as a lagging indicator, focusing instead on innovation. Analysts from Piper Sandler and Mizuho maintain positive ratings on Microsoft, seeing the OpenAI partnership as strategic for AI leadership. Microsoft's stock outperformed Invesco QQQ Trust last year and traded higher in premarket.

Portfolio Pulse from Anusuya Lahiri

January 16, 2024 | 2:41 pm

VXRT

Vaxart's President and CEO Andrei Floroiu has resigned from his position. Michael J. Finney, Ph.D., the Chair of Vaxart, will take over as the Interim CEO.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 2:29 pm