Jefferies Financial reported quarterly earnings of 87 cents per share which beat the analyst consensus estimate of 75 cents by 16% is a 58.18% increase over earnings of 55 cents per share from the same period last year.
It’s October 2018, and Goldman Sachs Group Inc (NYSE: GS) just appointed David Solomon as CEO of the $130.8 billion company with $2.5 trillion of assets under management.
Stocks advanced on Tuesday as weak economic data suggested that the Federal Reserve's hawkish monetary policy is having an impact and benchmark Treasury yields were falling, which fueled the surge. Tuesday’s moves add to the rallies in previous sessions that have driven the S&P 500 4% higher in the last five trading periods.