Advertisement
Singapore markets close in 1 hour 46 minutes
  • Straits Times Index

    3,176.39
    -11.27 (-0.35%)
     
  • Nikkei

    37,068.35
    -1,011.35 (-2.66%)
     
  • Hang Seng

    16,227.93
    -157.94 (-0.96%)
     
  • FTSE 100

    7,877.05
    0.00 (0.00%)
     
  • Bitcoin USD

    64,735.73
    +3,495.67 (+5.71%)
     
  • CMC Crypto 200

    1,331.20
    +18.58 (+1.41%)
     
  • S&P 500

    5,011.12
    -11.09 (-0.22%)
     
  • Dow

    37,775.38
    +22.07 (+0.06%)
     
  • Nasdaq

    15,601.50
    -81.87 (-0.52%)
     
  • Gold

    2,405.00
    +7.00 (+0.29%)
     
  • Crude Oil

    83.71
    +0.98 (+1.18%)
     
  • 10-Yr Bond

    4.6470
    0.0000 (0.00%)
     
  • FTSE Bursa Malaysia

    1,548.58
    +3.82 (+0.25%)
     
  • Jakarta Composite Index

    7,086.33
    -80.48 (-1.12%)
     
  • PSE Index

    6,443.00
    -80.19 (-1.23%)
     

'22 could be 'very good' for financials -advisor

Goldman Sachs on Friday reported a 60% surge in third-quarter profit that smashed expectations, as Wall Street's biggest investment bank rode a record wave of M&A activity and initial public offerings.

"We're starting to them see all the banks release reserves that we thought we were going to need because of COVID. All of that sets the tone next year for the banking industry. The financials could look really, really good," said Kamen.