Tag Archives: Goldman Sachs

On The Social Media Chopping Block – Today: #GoldmanSachs

Logo 500 9127018198_c6d1b32c80Social media has established itself as a major public relations, marketing, brand management and business tool. More and more companies appear with more or less valuable social media presentations. One that is a newbie in the social media world is on my chopping block today: Goldman Sachs Continue reading

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Lloyd Blankfein: ‘Gotcha Mentality’ Hurting America

Bloomberg’s Erik Schatzker reports on sentiment expressed by Goldman Sachs CEO Lloyd Blankfein on political discourse and the U.S. economy. He speaks on Bloomberg Television’s “Market Makers.” (Source: Bloomberg)

Why Wall Street MUST Engage In Serious Social Media Efforts

Latest since the financial crisis, Wall Street organizations have a difficult stand with the public. The image is bad and this is probably an understatement. Over the past few years hardly any organization or leader of a Wall Street organization has made an effort to improve the public opinion. The opposite is the case. Just recently JP Morgan Chase, Morgan Stanley and Goldman Sachs provided the public again with bad ammunition against their brands and public images. The constant inactivity in brand maintenance is now starting to hurt the bottom lines.  It can now be watched how some minor efforts have started taking place.

In the past those brands believed that their brands have nothing to do with the public, since only a few are catering their services to people on the street. Morgan Stanley and Goldman Sachs don’t cater to the average Joe on the street and if, only in an indirect way. This assumption is as wrong as it gets. It took a while until this came to the surface, but since Facebook’s almost scandalous IPO even the last on Wall Street should have gotten the message. For those that haven’t understood why they have direct contact with the public and why this can hurt future business, here is the short and easy explanation: Continue reading

Goldman Sachs – Executive Resigns over Business Practices

Today’s Wall Street headline was the resignation of Goldman Sachs’ Head of Derivatives Business, Greg Smith. Smith, with help of the New York Times, publicized his reasons for resignation. The article describes how Goldman Sachs went from a respected firm to a reckless money maker without any concern towards any client. Smith describes Goldman Sachs as a company that is teaching and practicing business for all the wrong reasons. Goldman’s comment to the claims, “we do not share this opinion” and other popular phrases of no substance.

While all the claims are actually nothing new, Goldman Sachs’ activities are open secrets since the financial bubble busted, it should be mentioned that a huge number of banks in general work in that manner, not only since a couple of years. And there is no difference between an Investment Bank or a Retail Bank. Continue reading

Why should Apple pay Dividends?

After this week’s Apple event, the writers in the finance world are busy to tell us why Apple should pay a dividend to its shareholders. The reasons brought up range from greed to theories from 1871 and worse. Fact is, Apple is not paying such dividend, and rightly so. Continue reading

Facebook IPO Valuation at $100Billion?

Considering that Goldman Sachs wants to make a buck on this as well, insanity becomes normal.

MF’s Missing Money Makes You Wonder About Goldman: Jonathan Weil – Bloomberg

MF’s Missing Money Makes You Wonder About Goldman: Jonathan Weil – Bloomberg.

Makes you wonder? About what? Sounds like we had that before.

Goldman rules the world. Another one suffering from loss of reality.

Watching this video and lsitening to this trader can really scare the hell out of people. He claims Goldman Sachs rules the world and traders give a s… on politics and programs to rescue the economy. While he might be right with certain statements, he goes too far with admiring himself and his friends.

This idiot is falling into the category “I am doing God’s work” and “Fabulous Fab is the only one who sees it”. Most important, he completely lost his sense of reality. With his statement, he didn’t do his industry a favor.

His, and the other “financial experts'” comments and actions will only lead to more regulation, as it already happnes, in order to prevent more damage to happen. He is right that certain organizations work against governement programs in order to keep the profits up, but it won’t last forever. This guy and the rest of the “cuckoo nest” will make a lot of money on all of us, but eventually they will shut themselves down.

Goldman Sachs only reports modest numbers and is sleeping at the wheel

Wall Street’s former love-child reported only very modest numbers for Q2. While the company completely lost credibility with America’s Main Street, it seems that this fact now also sneaks into consideration in the corporate world. Bad reputation, earned, and still earning more of it, during the still ongoing financial crisis will fuel lower expectations on the earnings side for quite some time. With that, the stock might further fall Continue reading

Goldman Sachs and Morgan Stanley

Somehow this earnings season is something special. Not sure what it is. Sitting here and waiting for the reports feels a little like sitting and waiting until “the game” starts. Maybe it is because I am sitting and hoping the numbers are all good and we all can now look ahead at better times to come. Well, turns out, not so. Some of the important players have reported not as strong as expected, or only reported numbers that would have been called ridiculous a few years back, or both.

I find it especially interesting what Goldman and Morgan Stanley had to report and as a guideline, at least so I thought, JP Morgan. ​Well, while JP Morgan reported some nice numbers and created some hope, the following reporting “big guns” in finance display a struggle. It seems the golden years are really over​. Yes, the mortgage bubble blew up, not in their face it appeared, but now it seems they have a few issues to carry. One of the questions I ask myself, what are they doing now? And I remember​, 10 years back, when the “internet bubble” busted, I asked myself the same question. Then they lost the business of IPO’s. Remember, every website was brought public and nice fees bolstered revenue and profit. Today, the mortgages are gone and with them all the attached opportunities to make a lot of money. Sounds a little like then, doesn’t it? 
So, I am wondering, are they out of ideas? No business model other than trading around for a few bucks? I am afraid so, at least for Goldman. Morgan Stanley didn’t look much better, however, it is said that they are in better shape for the future due to a few adjustments they made (Dean Witter/Smith Barney businesses) and others. This is interesting, there is a bet on the retail investor. Also, JP Morgan has a retail bank attached and that surely helped to create some revenue and profits. I don’t read retail in any of the Goldman news. I am in deed under the impression Goldman is falling behind.
So, I am already looking forward to the next earnings season like I start waiting for the super bowl in September. ​How will they do in the next three months? Will the recent plannings and executions at Morgan Stanley ​help them report better numbers? What will Goldman do? I was thinking for myself, last time they created the mortgage bubble when things were sour, what will it be this time? Watch out, regulations or not, I am afraid something is brewing. ​