How Goldman Sachs Just Lost the Trump Bump [Fortune]
U.S. Bancorp (USB)
Last u.s. bancorp earnings: 4/15 06:45 am
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US:NYSE Investor Relations:
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Source: Fortune
Following the election of President Donald Trump in 2106, investment banking giant Goldman Sachs was among the largest biggest beneficiaries of the new administration. Shares of the banking titan were soaring, while several notable alums including the likes of Gary Cohn had a direct line to the new commander-in-chief. Now two years down the road, not only has Goldman Sachs lost most of its friends in ever revolving White House , shares of the banking giant have also lost the so-called Trump bump—the boost stocks received upon Trump election, catalyzed by promises of tax cuts, looser bank regulation, and greater infrastructure spending. Shares Goldman Sachs fell 2.4% on Friday, closing below pre-election levels at $179.70, valuing the company at about $67 billion. That figure compares to a high of about $106 billion in early 2017. Now, Goldman is the only of the seven major U.S. banks trading below its pre-election levels (that group includes J.P. Morgan , Bank of Ame
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USB
Earnings
- 4/17/24 - Miss
USB
Sec Filings
- 4/17/24 - Form S-8
- 4/17/24 - Form S-8
- 4/17/24 - Form 8-K
- USB's page on the SEC website