Look at their balance sheet statement for the first 9mos compared to last year. Does this look like a healthy business, making up the majority of its gains in interest income schemes? If it weren’t for their money changing abilities to turn gold out of shit, one might surmise this was a shitty business.
The stock is higher in the pre market, but I’m not impressed.
For the quarter, they bought back 7.8m shares at $162 for more than $1.2b. They have 34m shares left in their buyback program, while steadily cutting back on their employee headcount.
For the past 3 months, all of their growth has been in lending.
If you’re buying Goldman here, you’re betting on a company that is using buybacks to boost earnings and wholly dependent on non investment bank growth to fuel their business. They just unveiled their new lending business, dubbed Marcus, so I suppose they’ve seen the future and it has more to do with lending than it does with their core business of investment banking.
It’s too muddled with lots of gray areas. I’d avoid.
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Technical sqeeze on vapor volume. Fade it.
Dollar making run at 98. You can do it.
Wonder if saudi are buying diamonds with the bond sales?
people inside goldman aren’t even buying this and not sure when to sell their shares, but want to sell bc they dont trust their own chop shop.
Follow the money.
http://www.zerohedge.com/news/2016-10-18/her-billionaires-bankers-lobbyists-and-journalists