GS - The Goldman Sachs Group, Inc.

NYSE - NYSE Delayed Price. Currency in USD
211.58
-2.36 (-1.10%)
At close: 4:00PM EDT

212.25 +0.67 (0.32%)
Pre-Market: 6:44AM EDT

Stock chart is not supported by your current browser
Previous Close 213.94
Open 214.11
Bid 211.20 x 900
Ask 212.50 x 800
Day's Range 209.79 - 214.60
52 Week Range 151.70 - 245.08
Volume 2,540,596
Avg. Volume 2,336,437
Market Cap 77.404B
Beta (3Y Monthly) 1.32
PE Ratio (TTM) 8.81
EPS (TTM) 24.02
Earnings Date Jul 16, 2019
Forward Dividend & Yield 3.40 (1.59%)
Ex-Dividend Date 2019-05-29
1y Target Est 231.38
Trade prices are not sourced from all markets
  • Citi earnings cast spotlight on consumer lending amid economic headwinds
    Yahoo Finance 14 hours ago

    Citi earnings cast spotlight on consumer lending amid economic headwinds

    Citigroup beat estimates with some help from its consumer cards business and a trading platform's IPO, but can other big banks rely on the same help in their earnings this week?

  • Citigroup Q2 earnings boosted by fixed income, cost-cutting
    Yahoo Finance 18 hours ago

    Citigroup Q2 earnings boosted by fixed income, cost-cutting

    Citibank is the first of Wall Street's bulge-bracket banks to report second-quarter earnings.

  • Goldman Sachs is betting on a startup that battles low interest rates for savers
    Quartz 4 hours ago

    Goldman Sachs is betting on a startup that battles low interest rates for savers

    The Wall Street bank's investment in Berlin-based Raisin comes as returns on deposits are headed lower.

  • Reuters 4 hours ago

    Savings platform Raisin taps Goldman for top-up investment

    Raisin, a Berlin-based savings and investment marketplace, said it had tapped investment bank Goldman Sachs for top-up funding as it joins other European fintech players in targeting the U.S. market. Goldman's investment of 25 million euros in Raisin follows a recent Series D funding round that raised 100 million euros.

  • Investing.com 5 hours ago

    Top 5 Things to Know in the Market on Tuesday

    Investing.com - Here are the top five things you need to know in financial markets on Tuesday, July 16:

  • Bloomberg 6 hours ago

    Goldman, Bain Back $371 Million Loan to U.K. Fintech Startup

    (Bloomberg) -- SumUp Inc., a six-year-old electronic payments startup, secured a 330 million-euro ($371 million) loan, backed by Bain Capital Credit, Goldman Sachs Private Capital and others to fuel its expansion.The London-based company plans to boost its customer base across 31 markets and develop its range of products, including via acquisitions. The startup makes credit-card readers to help businesses of all size receive payments faster, both in-store and online, and is working to improve contactless payments.“This cash injection will significantly accelerate the growth of our customer base, enhance SumUp’s technology leadership position, and drive the development of new services,” said Marc-Alexander Christ, co-founder of SumUp.The six-year-old startup currently has more than 1.5 million active users, such as DHL Worldwide Express and the U.K.’s black-cab drivers, and more than 4,000 new business join every day, the company said. It expects to generate more than 200 million euros in revenue this year, and seeks to maintain its 120% year-on-year growth in 2019, according to a statement.Goldman Sachs International acted as lead structuring agent, Barclays Bank PLC as structuring agent, and Weil, Gotshal & Manges acted as legal adviser to SumUp on the financing. HPS Investment Partners, and TPG Sixth Street Partners also participated in the loan, which has a five-year term, the company said.To contact the reporter on this story: Nour Al Ali in Dubai at nalali1@bloomberg.netTo contact the editors responsible for this story: Katerina Petroff at kpetroff@bloomberg.net, ;Giles Turner at gturner35@bloomberg.net, Molly Schuetz, Andrew PollackFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Reuters 11 hours ago

    RPT-Goldman banker highlights Morgan Stanley's Hong Kong IPO woes

    A senior Goldman Sachs banker has highlighted to colleagues the role played by rival Morgan Stanley in failed Hong Kong IPOs following the collapse on Friday of Budweiser APAC's $9.8 billion initial public offering, according to an internal email seen by Reuters. On Friday AB InBev called off the Hong Kong listing of its Asia Pacific brewing business, that was being managed by Morgan Stanley and JPMorgan, citing several factors, including prevailing market conditions. A further 11 banks were listed as global coordinators and bookrunners but Goldman had no role on the deal.

  • Markets Cautious as Earnings Season Kicks Off
    Investopedia 12 hours ago

    Markets Cautious as Earnings Season Kicks Off

    Big banks are taking center stage as China growth slows to multi-decade lows and oil falls again on demand worries.

  • Dow Jones Today: China, Earnings Anticipation Stall Stocks on Monday
    InvestorPlace 14 hours ago

    Dow Jones Today: China, Earnings Anticipation Stall Stocks on Monday

    A somewhat slack economic report out of China, the world's second-largest economy, stood in the way of stocks notching big gains Monday.Source: Shutterstock China said its second-quarter GDP rose "just" 6.2%, below economists' forecasts calling for 6.3% and good for the country's slowest pace of economic growth in 27 years. Chinese economists are now expecting 2019 growth of 6%, well below the original forecast of 6.5%.Here in the U.S., the Nasdaq Composite rose 0.17% while the S&P 500 added just 0.02%, and the Dow Jones Industrial Average added 0.10%. That after the major domestic benchmarks touched record highs early in Monday's session.InvestorPlace - Stock Market News, Stock Advice & Trading TipsCitigroup (NYSE:C) got second-quarter earnings season rolling today, reporting that net income rose to $4.8 billion, or $1.95 per share, from $4.5 billion, or $1.63 per share, a year earlier. Analysts expected per share earnings of $1.80. * 7 Dependable Dividend Stocks to Buy Citi is not a member of the Dow Jones Industrial Average, but the bank's positive earnings surprise could be a sign of things to come. That would be a good thing with Dow components JPMorgan Chase (NYSE:JPM) and Goldman Sachs (NYSE:GS) stepping into the earnings confessional on Tuesday. A Tasty WinnerMcDonald's (NYSE:MCD) posted a modest gain today, but that was enough to extend its year-to-date returns to around 22%, solidifying the burger joint as one of 2019's best-performing members of the Dow. In a note out Monday, Tesley Group reiterated an "outperform" rating on McDonald's while boosting its price target on the stock to $230 from $210. That implies decent upside as Monday closed just above $214.McDonald's shares "offer both offensive and defensive investment attributes for both good times and slower times, and with its menu of both premium and value-priced options," according to Tesley.Piper Jaffray and Wells Fargo also boosted price targets on McDonald's to $226 and $235, respectively. Options ActionMicrosoft (NASDAQ:MSFT), the largest U.S. company by market value, reports earnings on Thursday. It is expected to be a bellwether report given the stock's sheer heft in broad market benchmarks and technology sector funds.Microsoft remains around the vaunted $1 trillion market cap. It appears some options traders are betting on good news from Microsoft's earnings report. At one point on Monday, calls were outpacing puts in the name by a margin of more than 2-to-1, according to Schaeffer's Investment Research. Historically, shares of Microsoft move nearly 3% following the company's earnings reports. Pharma and Politics … AgainThough in modest fashion, the Dow's pharmaceuticals components - Johnson & Johnson (NYSE:JNJ), Merck (NYSE:MRK) and Pfizer (NYSE:PFE) - each closed higher today despite drug price commentary from former Vice President Joe Biden, a 2020 Democratic frontrunner.Biden "unveiled a healthcare plan on Monday estimated to cost $750 billion and paid for partly by higher tax rates for the wealthy and doubled tax rates on capital gains," according to Reuters.This is not a "Medicare For All" gambit. Rather, Biden's healthcare proposal is seen as a refresher of Obamacare, which was implemented when he was vice president. Bottom Line for Dow Jones StocksIt's earnings season, meaning it's also complaining season for U.S. companies. Expect one of the primary complaints to be about the strength of the dollar."Of the 5% of S&P 500 companies that have reported so far, more than half of them cited a strong greenback as a headwind to their business in the second quarter, according to FactSet, which parsed through companies' conference call transcripts to look for specific factors weighing on company earnings," reports CNBC.With the Invesco DB US Dollar Index Bullish Fund (NYSEARCA:UUP) up nearly 3% year-to-date, dollar-related earnings commentary gets us back to a familiar theme: the impetus for the Federal Reserve to lower interest rates and do so soon.Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Dow Jones Today: China, Earnings Anticipation Stall Stocks on Monday appeared first on InvestorPlace.

  • 5 Dow Jones Stocks to Buy Now
    InvestorPlace 15 hours ago

    5 Dow Jones Stocks to Buy Now

    U.S. equities continue to show an upward bias on Monday, with the S&P 500 holding above the 3,000 level while the Dow Jones Industrial Average remains north of the 27,000 level. Impressive gains all around as Wall Street continues to look past things like uneven economic data and an inverted yield curve to focus instead on the dovish policy pivot by the Federal Reserve and the likelihood of interest rate cuts later this year. A number of mega-cap components in the Dow are perking up nicely and still present attractive entry points for buyers on the sidelines looking to get into the action. The early action in many of the names seems predicated on a thawing of U.S.-China trade relations later this year. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond With all of that in mind, here are five Dow Jones stocks to consider: InvestorPlace - Stock Market News, Stock Advice & Trading Tips Caterpillar (CAT) Click to EnlargeShares of heavy equipment maker Caterpillar (NYSE:CAT) are extending further away from its 200-day moving average to close in on the prior high set back in April. A breakout here would put an end to a long downtrend pattern going back to January 2018 and would set the stage for a challenge on the prior record high near $170, which would be worth a gain of more than 21% from here. The company will next report results on July 24 before the bell. Analysts are looking for earnings of $3.12 per share on revenues of $14.5 billion. When the company last reported on April 24, earnings of $2.94 beat estimates by 8 cents on a 4.7% rise in revenues. Disney (DIS) Click to EnlargeDisney (NYSE:DIS) shares keep marching higher, pushing to new records as it exits a multi-year funk. The opening of the new Galaxy's Edge theme park area as well as the approach of the release of the latest Star Wars movie has investors excited about ticket sales and merchandising revenue heading into the holiday shopping season. * 7 Services Stocks to Buy for the Rest of 2019 The company will next report results on Aug. 6 after the close. Analysts are looking for earnings of $1.76 per share on revenues of $21.5 billion. When the company last reported on May 8, earnings of $1.61 per share beat estimates by 4 cents on a 2.6% rise in revenues. Goldman Sachs (GS) Click to EnlargeShares of Goldman Sachs (NYSE:GS) are pushing away from a consolidation range going back to last fall with an extension away from its 200-day moving average. The stock is benefiting from expectations of easier policy from the Federal Reserve later this year, which would bolster long-term interest rates and help with net interest margins. Watch for a run at the mid-2018 highs near $240, which would be worth a gain of more than 14% from here. The company will next report results on July 16 before the bell. Analysts are looking for earnings of $4.82 per share on revenues of $8.6 billion. When the company last reported on April 15, earnings of $5.71 beat estimates by 69 cents on a 12.6% decline in revenues. Home Depot (HD) Click to EnlargeHome Depot (NYSE:HD) shares are enjoying an extended rally off of their 200-day moving average, setting up a run to new record highs after breaking up and over old resistance near the $210 a share level. Falling long-term interest rates could help the housing market enjoy another surge of activity after a lack of affordability dampened activity last summer. * 10 Best Dividend Stocks to Buy for the Rest of 2019 and Beyond The company will next report results on Aug. 20 before the bell. Analysts are looking for earnings of $3.09 per share on revenues of $30.9 billion. When the company last reported on May 21, earnings of $2.27 beat estimates by 8 cents on a 5.7% rise in revenues. Intel (INTC) Click to EnlargeIntel (NASDAQ:INTC) shares are breaking up and out of resistance from their 200-day moving average to end a two-month funk and close in on the gap down range near $55. Such a move would be worth a gain of 10% from here. Remember that semiconductors are the raw materials that the modern economy runs on, with pretty much every device containing processing power of some type these days. A turnaround in economic activity, spurred by easier money, will benefit chipmakers like Intel. The company will next report results on July 25 after the close. Analysts are looking for earnings of 88 cents per share on revenues of $15.6 billion. When the company last reported on April 25, earnings of 89 cents per share beat estimates by 2 cents on $16 billion in revenues. As of this writing, William Roth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 5 Dow Jones Stocks to Buy Now appeared first on InvestorPlace.

  • JPMorgan, Goldman Stock Weigh On Dow Jones; FANG Stock Netflix Takes A Hit
    Investor's Business Daily 16 hours ago

    JPMorgan, Goldman Stock Weigh On Dow Jones; FANG Stock Netflix Takes A Hit

    The Dow Jones was mostly unchanged in afternoon trading as Wall Street awaited earnings from Dow stocks JPMorgan and Goldman Sachs Tuesday.

  • Benzinga 16 hours ago

    Goldman Sachs Q2 Earnings Preview

    Goldman Sachs Group (NYSE: GS ) unveils its next round of earnings this Tuesday, July 16. Here is Benzinga's everything-that-matters guide for the earnings announcement. Earnings and Revenue Based on management's ...

  • GuruFocus.com 17 hours ago

    Ray Dalio Says It's Time to Buy Gold

    Bridgewater’s boss thinks the metal is a good way to diversify in these troubled times Continue reading...

  • Investing.com 18 hours ago

    Day Ahead - Top 3 Things to Watch

    Investing.com - Here are the top three things that could rock markets tomorrow.

  • Snap Stock: The Youth Market is Back
    InvestorPlace 18 hours ago

    Snap Stock: The Youth Market is Back

    Generation Z, born after the year 2000, has grown up in a world dominated by the cloud czars, where cynicism about technology motives and actions is pervasive, and where protecting your identity rather than publicizing it is the norm.Source: Shutterstock It's a vast new market that Snap (NASDAQ:SNAP) thinks it can win with new features and augmented reality.Wall Street has been buying this argument, and loving the growth, in 2019. Shares that traded at under $6 in January are now trading at over $15. The market cap is up to $21.1 billion and CEO Evan Spiegel, once considered Facebook (NASDAQ:FB) road kill, now has a net worth of $3.5 billion.InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Dependable Dividend Stocks to Buy But the shares are still below their post-IPO high, below their February 2018 peak. Snap is still a minnow next to Facebook, let alone Chinese giants like Tencent Holdings (OTCMKTS:TCEHY). Does this move have legs? The Bull Case for SNAP StockSnap's growth is once again in overdrive. After bringing in $1.18 billion of 2018 revenue, the company brought in $320 million in the first quarter and is expected to report over $350 million for the June quarter on July 23, albeit with an 8 cent per share loss. If it can keep that up for the rest of the year, Snap could bring in $1.52 billion for all of 2019, a growth rate of nearly 29%.Snap is getting new respect from developers for Scan, an augmented reality platform that can be used to create .gifs on the fly, solve math problems from pictures, and become the heart of a new gaming system.Previous AR platforms lacked the community and daily use to interest Wall Street. Snap is also rolling out a new ad platform to monetize Scan. It says it is now used by 90% of 13-24 year-olds, which is more than Facebook reaches with either its main platform or Instagram.Snap's earlier features, like self-erasing messages, were quickly copied by Facebook. The hope is it can innovate its way away from the larger company. Goldman Sachs (NYSE:GS) recently put Snap back on its buy list. Analysts are also enjoying a new gender swap filter that can let users disguise themselves to friends. The Bear Case for SNAP StockThere can be a downside to anything.Stalkers could use the gender swap filter to cozy up to victims. The AR platform could also be misused. Snap is still focused on making money from advertising built on personal information, which is why many turned away from Facebook and even Alphabet's (NASDAQ:GOOGL, NASDAQ:GOOG) Google.Snap has gone from being cheap to being overvalued, cynics say, arguing bulls are getting ahead of themselves. They note that Twitter (NASDAQ:TWTR) generates three times Snap's revenue from a smaller user base. They say paying more than 10 times expected 2019 revenue for a money-losing company near the end of a recovery is, at best, speculative. Even some who are bullish on Snap are now suggesting option strategies to limit risk. The Bottom LineSnap is more than fully valued.If you're going to put money into it, you are going to have to watch that money closely. A negative earnings report, or a single bad headline, can still send Snap crashing to Earth.If you got into Snap at its lows, a hard fall still leaves you with an attractive acquisition target, at a price higher than what you paid. But even in that case, the take-out would not be at a premium to the current price.What you're left with is a trade, a speculation for young investors who might lose their stake but will at least learn a lesson from it. If you make this old man look foolish with your fat profits, you can buy me dinner.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post Snap Stock: The Youth Market is Back appeared first on InvestorPlace.

  • Dow ETF Appears Strong Ahead of Q2 Earnings
    Zacks 19 hours ago

    Dow ETF Appears Strong Ahead of Q2 Earnings

    With most blue-chip companies' earnings scheduled over the coming weeks and investors' sentiment being mixed, investors should closely monitor the movement of the Dow ETF.

  • Goldman banker highlights Morgan Stanley's Hong Kong IPO woes
    Reuters 20 hours ago

    Goldman banker highlights Morgan Stanley's Hong Kong IPO woes

    A senior Goldman Sachs banker has highlighted to colleagues the role played by rival Morgan Stanley in failed Hong Kong IPOs following the collapse on Friday of Budweiser APAC's $9.8 billion initial public offering, according to an internal email seen by Reuters. On Friday AB InBev called off the Hong Kong listing of its Asia Pacific brewing business, that was being managed by Morgan Stanley and JPMorgan, citing several factors, including prevailing market conditions. A further 11 banks were listed as global coordinators and bookrunners but Goldman had no role on the deal.

  • What Wall Street Banks Say About Fed Rate Cuts This Year
    Bloomberg 21 hours ago

    What Wall Street Banks Say About Fed Rate Cuts This Year

    (Bloomberg) -- Federal Reserve Chairman Jerome Powell left it all but certain that the U.S. central bank will reduce interest rates this month for the first time in a decade.The debate now is how deep they will cut and what will they do afterward. As the July 30-31 meeting nears, here’s the outlook of some of the world’s biggest banks based on recent research reports.Forecasts range from JPMorgan Chase & Co. and Citigroup predicting a 25 basis point cut to Morgan Stanley forecasting double that amount.Goldman Sachs Group Inc.25 basis point reduction in July25 basis points of cuts in rest of 2019Powell offered a somewhat upbeat baseline view of growth, but nonetheless argued that uncertainty “continues to weigh” on the outlook. In our view, this was a strong signal that the trade truce with China and the strong June jobs reports have not derailed the case for a July rate cut. We increased our odds of a rate cut; for the July meeting, we place the subjective odds of a 25 basis point cut at 75%, a 50 basis point cut at 15% and unchanged policy at 10%. Our modal expectation remains a 25 basis point cut at both the July and September meetings.JPMorgan Chase & Co.25 basis point reduction in July25 basis points of cuts in rest of 2019It is understandable that Chair Powell remained committed to the storyline supporting action in July. The global backdrop remains concerning, as business sentiment continues to deteriorate and the disinflationary headwinds from slowing producer price index growth will weigh on corporate profits through the current quarter at least. Combined, this is damping global capex growth and feeding back to weakness in global industry. While the case for a 50 basis point cut has been undermined, the case for 25 basis point remains firmly in place and we stick with our call. Whether this is followed by 25 basis point in September will be highly data dependent.Morgan Stanley50 basis point reduction in JulyNo further cuts in rest of 2019The global economy has lost significant momentum in the past 12 months and trade tensions linger. This is now filtering through more prominently to the U.S. economy. Risks to the outlook remain skewed to the downside. A non-linear impact to growth could materialize if financial conditions tighten, bringing corporate credit risks to the fore. We therefore see a need to act decisively to protect against uncertainty and downside risks. Hence, we continue to expect a quick and front-loaded adjustment, i.e. 50 basis points cut by the Fed in July.Citigroup Inc.25 basis point reduction in JulyAnother 25 basis point cut expected this year, most likely in SeptemberEvents and data played out as we had expected – particularly the above-consensus June jobs number and benign G-20 outcome. While in our view this has decreased downside risk, that view is clearly not shared by Chair Powell. We are consequently falling in line with consensus and expect a 25 basis point rate cut in July. A 50 basis point cut is a real possibility, but given that even a 25 basis point cut is likely to provoke two or more dissents, 25 basis points may be the compromise policy outcome. Following the July cut we expect one additional 25 basis point cut, most likely in September.Bank of America Corp.25 basis point reduction in July50 basis points of cuts in rest of 2019Fed Chair Powell all but promised that a cut is coming in July. He is unfazed by the recent strong data in the U.S. The challenge is that this may not be a consensus view, making it difficult but not impossible to deliver a 50 basis point cut. For the time being, we should focus nearly as much on key global data as on U.S. indicators.Barclays Plc25 basis points cut in July50 basis points of cuts in rest of 2019Chair Powell’s testimony before the House Financial Service committee was surprisingly dovish. (The) congressional testimony increases our confidence in our forecast for at least a 25 basis point cut in the funds rate at the July Federal Open Market Committee meeting, followed by another 50 basis points in cuts by year end.UBS Group AG50 basis point reduction in JulyNo further cuts in rest of 2019At the June FOMC, Chair Powell was clearly looking to cut rates 50 b.p. at the July meeting. Doing so, in his view, would offset a confidence shock and manage the risks to the outlook. We will receive more data between now and the July 31 policy decision. Those data could mean the chair is not able to sway enough of the committee to a cut. But if Powell remains strongly inclined to cut, the FOMC is likely to show some deference. In light of the strong data, however, a negotiated 25 b.p. cut could be the compromise that emerges.Deutsche Bank AG25 basis point cut in July50 basis points of cuts in rest of 2019Chair Powell’s testimony and the minutes to the June FOMC meeting largely confirmed the Fed’s intention to ease monetary policy at their July 31 meeting. While we continue to expect the Fed to cut 75 bps by year end, we remain of the view that the Fed will ease 25 bps in July, and proceed on a meeting-by-meeting basis as they evaluate the incoming growth and inflation data.(Adds forecast from Deutsche Bank.)To contact the reporters on this story: Simon Kennedy in London at skennedy4@bloomberg.net;Reade Pickert in Washington at epickert@bloomberg.netTo contact the editors responsible for this story: Stephanie Flanders at flanders@bloomberg.net, Alister BullFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Stock Market News for Jul 15, 2019
    Zacks 21 hours ago

    Stock Market News for Jul 15, 2019

    Wall Street closed sharply higher on Friday following dovish signals from the Fed chair Jerome Powell, hinting at a rate cut in July.

  • 3 Reasons Why Investors Should Buy JP Morgan Stock Before JPM’s Earnings
    InvestorPlace 22 hours ago

    3 Reasons Why Investors Should Buy JP Morgan Stock Before JPM’s Earnings

    JP Morgan (NYSE:JPM) is set to report its earnings on Tuesday morning before the market opens. Its second-quarter results will be part of a big week for banking stocks. Many large financial firms are set to put out their earnings over the next few days.Source: Shutterstock The stock market as a whole is blasting off to new all-time highs. The S&P 500 just hit 3,000 for the first time. And the Dow Jones Industrials reached 27,000 as well. But bank stocks, generally, have missed the boat. JP Morgan stock has been one of the strongest names in the banking sector. But even it is still a few percent short of its 52-week highs. And JPM's rivals like Goldman Sachs (NYSE:GS) and Wells Fargo (NYSE:WFC) are trading way below their 2018 peaks. * 7 Dependable Dividend Stocks to Buy Fairly Low ExpectationsThe banking sector, as a whole, is suffering from investor fatigue. The plunge in interest rates this year has made most folks give up on the banks. It's clear that net interest rates are going to fall this quarter - potentially by quite a bit.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe problem is that short-term interest rates are still relatively high; meanwhile, longer-term rates have been plunging. As a result, banks still have to pay competitive rates to depositors on products such as money market funds and short-term CDs. But the rates the banks, in turn, can charge on mortgages and other loans have dipped sharply. Consequently, the banking sector's profits have dropped dramatically. The Fed is likely to cut rates soon, in part to help alleviate this pressure on the financial system. But the central bank obviously won't be able to boost the banks' Q2 profits.That said, I'd argue this pressure is already priced into the banking stocks. Many analysts are expressing sentiments similar to those of John Heagerty of Atlantic Equities, who said,"There is clear potential for investor disappointment at the upcoming results" out of the banking sector. That's possible. But people realize that NIMs (net interest margins) are falling and that there has been a slowdown in other areas such as parts of investment banking. It'd take really bad results to surprise the market to the downside. Meanwhile, banks such as JP Morgan can point to better times coming over the next quarter or two." Big Capital Return PlansThe Fed just released the results of the latest stress tests of the nation's largest banks. Nearly all passed with flying colors. That has enabled many large, too-big-to-fail banks to implement huge dividend increases and large share buyback programs. JP Morgan stock isn't offering investors the most exciting dividend increase; that honor goes to Goldman Sachs with its jaw-dropping 47% dividend hike.But JP Morgan is no slouch either. It's hiking its quarterly dividend 13% to 90 cents per share of JP Morgan stock, or $3.60 per year, resulting in a sturdy 3.2% dividend yield.More interesting is JPM's buyback of JP Morgan stock. JP Morgan is pulling no punches on that front. The firm is prepared to buy back up to nearly $30 billion of JPM stock over the next year. Given that JP Morgan's market cap is currently around $360 billion, this share buyback could sop up nearly 8% of the total outstanding shares of JP Morgan stock in just one year. Combine the buyback with the dividend, and that's a double-digit-percentage total yield for the owners of JPM stock. Earnings Won't Be Down for LongIt's important to remember JPMorgan's unparalleled scale. JP Morgan may not have the largest retail banking franchise. But overall, by assets, JP Morgan is the biggest bank with $2.7 trillion of assets. Bank Of America (NYSE:BAC) has $2.4 trillion of assets, and none of the other top American banks come in over the $2 trillion threshold.What makes JP Morgan so strong is that it combines a strong retail banking business with one of the best investment banks in the world. Most big banks are either good at investments like Goldman or good at retail,like Wells Fargo. JP Morgan does both well and that helps insulate its earnings. With the 2019 IPO boom under way, for example, JP Morgan should reap huge underwriting fees.On the interest rate front, things are looking better as well. The 10-year treasury bond yield has already rebounded to 2.1%. That's up from a recent low of 1.94%. Consequently, mortgage rates have risen substantially. Meanwhile, the Fed is about to cut the short end of the curve, likely this summer. That will give banks the benefit of 0.5 percentage points of favorable rate movement, which should start helping their earnings by the end of 2019. The Verdict on JP Morgan StockDon't mistake the temporary softness of banks' profits for a downturn in the sector's fortunes. JPM stock is a great example of this. Its Q2 earnings are unlikely to be as strong as some of the firm's other recent reports.But long-term investors are looking past this one weaker report and seeing the bigger picture. JPMorgan - and most of the other large national banks - have a ton of excess capital. They've acted prudently and conservatively for the past decade. With the economy continuing to boom, their loyal shareholders are about to get paid in spades. For JP Morgan stock in particular, this amounts to a healthy dividend hike and a massive buyback of JPM stock. Make no mistake; these factors will push JPMorgan stock higher in coming months, even if JPM's Q2 earnings are a bit soft.At the time of this writing, Ian Bezek owned WFC and GS stocks. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dependable Dividend Stocks to Buy * 10 Stocks Driving the Market to All-Time Highs (And Why) * 7 Short Squeeze Stocks With Big Upside Potential The post 3 Reasons Why Investors Should Buy JP Morgan Stock Before JPM's Earnings appeared first on InvestorPlace.

  • Earnings Watch: Expect drama in second-quarter numbers as trade fears weigh
    MarketWatch 23 hours ago

    Earnings Watch: Expect drama in second-quarter numbers as trade fears weigh

    Second-quarter earnings are usually pretty sleepy, with forecasts for the back-to-school and holiday periods tucked away for later review amid summer vacation schedules. You may want to pay attention this year, though.

  • Financial Times yesterday

    Goldman Sachs backs London personal loan start-up Lendable

    , has struck a £200m deal with Goldman Sachs in a sign of investor confidence in the UK despite the growing prospect of a no-deal Brexit. Lendable, which launched five-years ago, uses machine-learning technology to automate credit underwriting and offer personal loans. It originates and services the loans of behalf of institutional investors, but does not hold them on its own balance sheet.

  • Investing.com yesterday

    Top 5 Things to Know in the Market on Monday

    Investing.com - Here are the top five things you need to know in financial markets on Monday, July 15:

  • Record High Markets Ahead of Earnings Season
    Investopedia yesterday

    Record High Markets Ahead of Earnings Season

    The S&P 500 hit all-time highs on rate cut expectations and bond prices pulled back as the big banks are set to kick off earnings season.