Edward Najarian

Goldman Seen Repurchasing 11% of Shares by End of 2013

Goldman Sachs Group Inc., the fifth- biggest U.S. bank by assets, may buy back as much as 11 percent of current shares outstanding by the end of 2013, according to International Strategy & Investment Group Inc.

BofA ‘Buying Credibility’ With Buffett $5 Billion Investment

Bank of America Corp., seeking to snap this year’s stock plunge, will pay billionaire Warren Buffett $300 million annually to do what he did for Goldman Sachs Group Inc. during the credit crisis: bolster confidence.

Goldman Sachs Said to Cut Jobs as Earnings Outlook Dims

Goldman Sachs Group Inc. cut fewer than 50 jobs last week to trim expenses as the bank’s revenue prospects worsen, a person familiar with the matter said.

Goldman Sachs Earnings Collapse Seen as Wells Fargo Heads for Record Year

Goldman Sachs Group Inc., whose shares have fallen 43 percent this year, may report its lowest quarterly profit since the 2008 financial crisis. Far from Wall Street, Wells Fargo & Co. is headed for record earnings.

Goldman to Cash Out $1 Billion of Facebook Holding in IPO

Goldman Sachs Group Inc. and funds managed by the firm raised $1.09 billion selling stock in Facebook Inc.’s initial public offering, cashing out almost half their stake in the social network.

Wells Fargo to Boost Dividend to 80 Cents, Najarian Says

Wells Fargo & Co. will boost its annualized dividend by 67 percent to 80 cents next year, according to an estimate by Edward Najarian, an analyst at International Strategy & Investment Group Inc.

Citigroup’s EPS Profit Estimate Cut by Analysts on Weak Trading Revenue

Goldman Sachs Group Inc., Citigroup Inc. and Morgan Stanley were among Wall Street banks whose second-quarter profit estimates were cut by analysts, who said the companies’ trading revenue was likely to tumble.

Banks in U.S. Face Main Street Squeeze as Sputtering Economy Saps Earnings

Two U.S. Treasury secretaries and Federal Reserve Chairman Ben S. Bernanke provided capital and cheap loans to banks during the last three years to help fuel an economic revival. It hasn’t worked out.

Citigroup, BofA May Pare Dividend Ambitions

Citigroup Inc. and Bank of America Corp. are among lenders that may have to temper plans to raise dividends and buy back stock next year as the Federal Reserve strengthens capital tests for the biggest U.S. banks.

Wells Fargo Posts Record Profit

Wells Fargo & Co., the largest U.S. bank by market value, posted record profit for the fourth quarter and full year that beat analysts’ estimates as mortgage financing improved.

"We do not see tremendous upside from its current stock price and remain wary of the challenging macro backdrop as well as Goldman's volatile earnings."

- Edward Najarian on Aug 07, 2012

New York

Charlotte

Federal Reserve

U.S. Stocks Rise as Bullard Says Stimulus Should Continue

S&P 500 Returns to Record While U.S. Treasuries Advance

Mother’s Action Saved Daughter as Tornado Neared School

Apple IPhone Loses Ground to Samsung in Consumer Survey

Oklahoma Tornado Death Toll Cut to 24 by Medical Examiner