Goldman Lifts S&P 500 Target With Profit Optimism to Drive Rally
By Jessica Menton & Farah ElbahrawyStrategist David Kostin sees the index rising to 5,200 by year-end, implying a nearly 4% rise from Friday's close.
February 16, 2024
Comments Close on IRS' Excise Tax Plan for Donor-Advised FundsThe proposed rule is intended to prevent misuse of DAFs by enforcing excise taxes on non-charitable distributions.
February 16, 2024
Wall Street's ESG Backlash Spurs Jump in ETF ClosuresIn 2023, 36 ESG-labeled ETFs were liquidated in the Americas, more than double the prior year, according to Bloomberg Intelligence data.
February 16, 2024
Goldman Raises CEO Pay 24% After Firm's Profits Slump 24%David Solomon's pay jump to $31 million was greater than every other large bank CEO whose compensation has been disclosed.
February 16, 2024
TIAA to Pay $2.2M for Reg BI Violations in IRA ProgramThe firm didn't disclose that core funds were more cheaply available in the IRAs' brokerage window, regulators say.
February 16, 2024
Van Eck to Pay SEC $1.75M Over BUZZ ETF LaunchVan Eck failed to disclose an influencer's planned involvement and the sliding licensing fee structure, the SEC said.
February 16, 2024
Wells Fargo Consent Order for Fake Accounts Ended by RegulatorThe 2016 order had required it to revamp how it offers and sells products and take other steps to protect clients and staff.
February 15, 2024
Big Firms Boost Their CFP NumbersEdward Jones, Fidelity, Charles Schwab and Northwestern Mutual led the way with new certified financial planners.