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Non-Tech : Goldman Sachs Group Inc. NYSE:GS -- Ignore unavailable to you. Want to Upgrade?


To: ArtsCool who wrote (144)6/21/1999 6:49:00 PM
From: ArtsCool  Respond to of 411
 
GS: I just got email back GS reports Wednesday before the bell



To: ArtsCool who wrote (144)6/21/1999 7:43:00 PM
From: Mohan Marette  Respond to of 411
 
U.S. broker stocks up ahead of results, Chase up

NEW YORK, June 21 (Reuters) - Shares of U.S. broker stocks on Monday ahead of second-quarter profit reports due this week, while shares of leading bank Chase Manhattan Corp. (NYSE:CMB - news) rose after a fund manager listed it among his favorite picks, Wall Street analysts said.

''The brokers are up in anticipation of strong results from the three companies that are reporting this week,'' Raphael Soifer, of Brown Brothers Harriman, said.

Morgan Stanley Dean Witter (NYSE:MWD - news), Lehman Brothers Holdings (NYSE:LEH - news) and newly-public Goldman Sachs Inc. (NYSE:GS - news) are expected to report solid second-quarter earnings.

Goldman stock rose 5 to 69-13/16, Morgan Stanley added 4 to 99-3/4, Merrill Lynch and Co. Inc. (NYSE:MER - news) rose 3-1/8 to 78-1/4 and Lehman added 4-4/16 to 60-5/16.

Internet brokers snapped back from recent declines. AmeriTrade Holding Corp. (Nasdaq:AMTD - news) surged 16-13/16, Charles Schwab (NYSE:SCH - news) gained 8-1/4 to 98-1/4 and E*Trade (Nasdaq:EGRP - news) rose 5-11/16 to 40-11/16.

Chase stock rose 3-5/16 to 83-1/2 after Robert Albertson, who runs global financial services fund Pilot Financial, told Barron's weekly business newspaper that Chase, Bank One Corp. (NYSE:ONE - news) and Germany's Deutsche Bank AG (quote from Yahoo! UK & Ireland: DBKG.F) were among among his top bank stock picks.

Chase's stock was selling at the low end of the U.S. market for wholesale banks and brokers even though it had an ''unmatched dominance in the large and multiational corporate customer market,'' Albertson said.

Bank One has done well marketing techonology with its credit card arm First USA as a partner and was about to roll out its first Internet-only bank, Albertson said. Bank One stock rose 9/16 to 57-7/16.

Deutsche Bank, which acquired U.S. bank Bankers Trust Corp. for $9 billion, is undergoing a major management and cultural transition, Albertson, for years a bank analyst at Wall Street firm Goldman Sachs, was quoted as saying.
biz.yahoo.com



To: ArtsCool who wrote (144)6/23/1999 9:16:00 AM
From: Mohan Marette  Respond to of 411
 
Goldman Sachs Q2 Trading Revs $1.7 Bln Vs $1.3 Bln
Goldman Sachs Q2 Asset Mgmt/Securities Services Revs $616 Mln Vs $469 Mln
Goldman Sachs Q2 First Call Consensus Estimate Is $1.07 Per Share

Details not yet available.



To: ArtsCool who wrote (144)6/23/1999 9:19:00 AM
From: Mohan Marette  Read Replies (1) | Respond to of 411
 
Goldman tops estimates for Q2 -Good show Goldman Sachs.

By Emily Church, CBS MarketWatch
Last Update: 8:59 AM ET Jun 23, 1999 NewsWatch

NEW YORK (CBS.MW) -- Goldman Sachs on Wednesday handily surpassed analysts estimates for its first-ever reporting period amid a 27-percent boost in trading gains over last year.

Goldman (GS: news, msgs) posted earnings of $624 million or $1.30 per share on a pro forma basis. Analysts surveyed by First Call had anticipated earnings between 90 cents and $1.20 a share.

Including charges related to the investment bank's conversion from a partnership, Goldman said earnings were $340 million or 71 cents a share.

Goldman's stock ended down 1 1/2 to 68 on Tuesday ahead of the news, along with most of its banking and brokerage peers. See related story

cbs.marketwatch.com