GS-PD - The Goldman Sachs Group, Inc.

NYSE - NYSE Delayed Price. Currency in USD
20.69
-0.01 (-0.05%)
At close: 4:02PM EDT
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Previous Close20.70
Open20.74
Bid20.66 x 800
Ask20.69 x 1000
Day's Range20.61 - 20.74
52 Week Range16.60 - 23.44
Volume78,220
Avg. Volume116,354
Market Cap73.421B
Beta (3Y Monthly)0.52
PE Ratio (TTM)0.86
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield0.98 (4.72%)
Ex-Dividend Date2019-04-24
1y Target EstN/A
Trade prices are not sourced from all markets
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  • Goldman banker highlights Morgan Stanley's Hong Kong IPO woes
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    Goldman Sachs backs London personal loan start-up Lendable

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  • Goldman Sachs Doesn’t Think a Fed Rate Cut Will Boost Stocks
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  • Goldman's Special Situations Group Sets Sights on Latam Fintechs
    Bloomberg5 days ago

    Goldman's Special Situations Group Sets Sights on Latam Fintechs

    (Bloomberg) -- More than 1,100 financial-technology startups are betting they can profit in Latin America.Goldman Sachs Group Inc. is betting it can find the winners.The bank’s special situations group is looking to invest in fintechs across the region, among a few other industries there, according to Gaurav Seth, a partner who heads the business in the Americas. After helping a firm expand into one of Brazil’s largest credit-card issuers, his team says other startups can offer more financial services to a greater share of Latin America’s burgeoning population.“The penetration of overall banking is lower” in the region, Seth said in an interview. Goldman Sachs aims to identify promising ventures and provide them with financing or even equity, scaling it up as warranted. “In any fintech business, if it is successful, it needs more capital,” he said.The interest in Latin American startups is driven in part by Goldman’s successful investments with Nu Pagamentos SA, widely known in Brazil as Nubank. Founded in 2013, the firm already has 10 million clients and is the fifth-biggest credit-card issuer in the nation, with a valuation of $3.6 billion in a fundraising round last year. Goldman loaned Nubank 200 million reais ($53 million) in 2016, and in August 2017 expanded the credit line to 455 million reais in a deal with Fortress Investment Group.Earlier this year, the special situations group also agreed to provide Mexico’s Credijusto Inc. with a $100 million facility to support lending to small and midsize enterprises.Underbanked MarketsThe idea is that startups can use their digital platforms to operate more efficiently than local banks, offering low-cost products including loans, and potentially serving consumers previously out of reach. There’s room for growth: Bank loans represented 16% of gross domestic product in Argentina, 36% in Mexico, 49% in Colombia, and 60% in Brazil in 2017, according to the World Bank. That compares with 191% in the U.S. in 2016, the World Bank said.Yet Goldman isn’t alone in spotting the opportunity: The number of fintech startups in Latin America jumped to 1,166 in 2018 from 703 a year earlier, according to a study by the Inter-American Development Bank and Finnovista. The industry attracted about $695 million in venture capital through 161 deals from 2017 through 2018, according to LAVCA, an association for private capital investment in the region. That was more than any other sector.Goldman created its special situations group more than a decade ago from a collection of overseas trading desks and lending units. The bank eventually moved the business’s earnings from the trading division into its investing and lending segment. This year, it moved again into the merchant bank.In addition to the fintech industry, Goldman is scouting for opportunities in sectors including real estate, health care, technology, industrials and airlines, Seth said. His team may add employees to carry out the effort, he said, noting that it hasn’t set a specific hiring target.The group has completed more than 15 deals in Latin America, including investments in equity, debt and hybrid securities. It hired Morgan Stanley’s former co-head of Latin America investment banking, Marcelo Naigeborin, for the business in Brazil in 2016. The group provides capital to companies from startups, or “early-stage clients,” to firms that are “facing stress and need help,” Seth said.“What we can do is basically help companies that fall out of the traditional banking sector, don’t have enough of a track record, don’t have enough of a history, or may not be large enough,” Seth said. “Latin America is a significant focus for us and a significant area of future growth.”\--With assistance from Felipe Marques and Ezra Fieser.To contact the reporter on this story: Cristiane Lucchesi in Sao Paulo at clucchesi5@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, David Scheer, Steve DicksonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Markit6 days ago

    See what the IHS Markit Score report has to say about Goldman Sachs Group Inc.

    Goldman Sachs Group Inc NYSE:GSView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low * Economic output for the sector is expanding but at a slower rate Bearish sentimentShort interest | PositiveShort interest is extremely low for GS with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting GS. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding GS totaled $21 million. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NegativeAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however, and is easing. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. GS credit default swap spreads are near the lowest level of the last three years and indicate the market's continued positive perception of the company's credit worthiness.Please send all inquiries related to the report to score@ihsmarkit.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.

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  • South China Morning Post12 days ago

    Hong Kong bans former Goldman partner Tim Leissner for life for role in 1MDB scandal

    Hong Kong's Securities and Futures Commission said on Wednesday it was banning former Goldman Sachs (Asia) partner Tim Leissner from working as a securities and financial adviser in the city for life, in relation with the 1 Malaysia Development Berhad (1MDB) corruption scandal.Leissner pleaded guilty in August last year to criminal charges brought against him by the US Department of Justice for money laundering and corruption under the Foreign Corrupt Practices Act.According to the Department of Justice, US$4.5 billion was siphoned from 1MDB between 2009 and 2014, a period in which Leissner was licensed by the SFC."The SFC considers that Leissner's conduct demonstrates a serious lack of honesty and integrity, and calls into question his fitness and properness to be a licensed person," the commission said in a statement.Leissner was not immediately available for comment. US to return US$200 million of 1MDB-linked funds to MalaysiaHe was licensed by the SFC between April 1998 and February 2016, covering the period between 2009 and 2014, during which he is said to have conspired with others to get business from 1MDB for Goldman through bribes and kickbacks to government officials in Malaysia and Abu Dhabi.The SFC said Leissner was responsible for Goldman's relationship with 1MDB and helped arrange three bonds for 1MDB in 2012 and 2013 worth a total of US$6.5 billion. The investment bank was reported to have earned US$600 million for its services. Malaysia's case against Goldman delayed until SeptemberLeissner also embezzled funds from 1MDB for himself and others, and laundered the bribes and kickbacks involved in the case, the SFC said.A Goldman spokesman said: "Tim Leissner deliberately hid certain activities from us and repeatedly violated our policies and procedures. We continue to cooperate with all authorities looking into these matters." Stolen 1MDB funds followed 'clear trajectory' from Najib, authorities say1MDB is a state fund set up to invest in infrastructure projects, and Malaysian authorities have alleged that huge sums of money were stolen from it to buy everything from yachts and artwork to financing the Martin Scorsese film The Wolf of Wall Street starring Leonardo DiCaprio. The scheme was allegedly overseen by former Malaysian prime minister, Najib Razak, and his cronies, eventually contributing to his government's election defeat.A criminal case brought against Goldman by Malaysia involving the US$6.5 billion 1MDB bonds will be postponed to September, a court ruled late last month, according to Reuters.The announcement came two days after current Malaysian prime minister, Mahathir Mohamad, said the 1 billion ringgit (US$241 million) compensation offered by Goldman to the Malaysian government was "not adequate" and was in fact "peanuts".This article originally appeared in the South China Morning Post (SCMP), the most authoritative voice reporting on China and Asia for more than a century. For more SCMP stories, please explore the SCMP app or visit the SCMP's Facebook and Twitter pages. Copyright © 2019 South China Morning Post Publishers Ltd. All rights reserved. Copyright (c) 2019. South China Morning Post Publishers Ltd. All rights reserved.

  • Financial Times12 days ago

    Goldman Sachs keeps the lid on its links to Lars Windhorst

    A federal judge has ruled that a wrongful dismissal case brought by a former managing director must go into arbitration, which is the outcome sought by Goldman. Christopher Rollins has accused Goldman of sacking him as part of an effort to wash the bank’s hands of questionable transactions executed in 2016. Goldman’s alleged connections to Mr Windhorst have raised more questions about the bank’s controls, which are already being scrutinised by investigations into its alleged role in the corruption scandal at Malaysia’s 1MDB investment fund.

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  • Reuters14 days ago

    Saudi Arabia hires banks for dual-tranche debut euro bond

    Saudi Arabia has hired a group of banks including Goldman Sachs and Societe Generale to arrange a global investor call ahead of an issuance of euro-denominated bonds, its first in that currency, a document issued by one of the banks leading the potential deal showed on Monday. Goldman Sachs and Societe Generale have been hired as global coordinators and bookrunners, while BNP Paribas, Morgan Stanley and Samba Capital have been mandated as lead managers and passive bookrunners, according to the document.