|Bid||19.78 x 900|
|Ask||19.99 x 1100|
|Day's Range||19.74 - 19.91|
|52 Week Range||16.60 - 23.52|
|Beta (3Y Monthly)||0.58|
|PE Ratio (TTM)||0.82|
|Forward Dividend & Yield||1.00 (4.95%)|
|1y Target Est||N/A|
Traditionally an investment bank, Goldman Sachs has been making the push into wealth management. In its latest move, GS closed a deal to acquire United Capital for $750 million on Thursday. United Capital founder and CEO Joe Duran told his story to Yahoo Finance on The Ticker
The U.S. bank is acting as stabilization agent for mall owner Arabian Centres, which will start trading this week after completing the kingdom’s biggest initial public offering since 2015. Goldman Sachs may sell additional shares or take other actions to support the Arabian Centres shares once they list. The mall owner allocated an extra 12.8 million shares, or 13.5% of the offering, to the bank, according to a statement from the Capital Market Authority.
At that price, the Paris-based private equity firm will make a return of three times its initial investment, one of the people said, asking not to be identified because the deliberations are private. Goldman Sachs is doing the deal through its merchant banking division, which includes private equity deals, the people said. Representatives for PAI and Goldman Sachs declined to comment.
FT premium subscribers can click here to receive Due Diligence every day by email. The hedge fund industry is by and large divided between the haves and the have nots. Money tends to follow money. So while ...
The company’s $7.3 billion High Yield Municipal Fund, the third biggest focused on the riskiest state and local government debt, had about 62 percent of its assets in investment-grade securities by the end of April. It marks the fund’s biggest move ever away from the lowest-rated bonds and a wager that the run-up in prices will reverse as speculative projects start to run into distress, said Ben Barber, head of municipal bonds at Goldman Sachs’s asset management arm, which oversees $62 billion of the securities. Goldman’s high-yield muni fund beat more than 90 percent of its peers over the last five years.
Goldman Sachs just agreed to buy United Capital for $750 million in cash, in a deal meant to help the Wall Street firm expand its $500-billion wealth management business.
Goldman Sachs agrees to buy United Capital Financial Partners for $750 million in cash - a nod to the investment bank's ongoing efforts to broaden its retail wealth management offerings.
Goldman Sachs Group Inc on Thursday agreed to buy boutique wealth management firm United Capital Financial Partners Inc for $750 million in its biggest deal since the financial crisis. Goldman has been ...
Goldman Sachs’ newly acquired wealth management business can double in size in three years by leveraging the bank’s resources to become the “bionic, digitally powered human-led wealth management solution” of choice for well-to-do Americans, chief executive Joe Duran said. of a deal that accelerates Goldman’s push to diversify away from its volatile investment banking roots. United, which is based in Newport Beach, California, has around $25bn of assets under management and 22,000 clients, serviced by 220 financial advisers across 95 offices.
Goldman Sachs is seeking a banking licence in South Africa, as part of an expansion of its business in Africa’s most industrial nation. The Wall Street bank said on Wednesday that it will sell more core banking products such as fixed income to clients in South Africa, in what it called a “vote of confidence” in the ability of President Cyril Ramaphosa to carry out difficult economic reforms. Goldman has sold advisory and wealth management services in South Africa for several years.
Goldman Sachs is seeking a South African banking licence as part of plans to offer fixed income products in the country, sources and the Wall Street investment bank said, beefing up its African operations as global rivals scale back. "The long-term economic potential of South Africa is unquestionable," Colin Coleman, Goldman CEO of sub-Saharan Africa, said in a statement. Other investment banks, including Credit Suisse and Barclays, have slimmed down or exited their African operations altogether.
With the explosion of the gig economy, the opportunities to earn extra cash beyond a 9-to-5 job are endless. According to a recent Bankrate report, more than 50% of millennials have a side hustle despite their income.
Goldman Sachs has bought a claim against The International Bank Corporation (TIBC), a Bahraini bank whose default 10 years ago triggered the biggest financial crisis in Saudi Arabia, three sources familiar with the matter said. The U.S. investment bank bought $100 million (77.23 million pounds) of TIBC debt from Germany's Commerzbank at the end of last year, two of the sources said, reflecting Goldman's increased interest in Saudi Arabia. Although it snubbed a Saudi investment conference last year following the disappearance of journalist Jamal Khashoggi, Goldman Sachs has since won a slew of mandates in the kingdom, including a lead role in Saudi Aramco's debut international bond.
Goldman Sachs has bought a claim against The International Bank Corporation (TIBC), a Bahraini bank whose default 10 years ago triggered the biggest financial crisis in Saudi Arabia, three sources familiar with the matter said. The U.S. investment bank bought $100 million of TIBC debt from Germany's Commerzbank at the end of last year, two of the sources said, reflecting Goldman's increased interest in Saudi Arabia. Although it snubbed a Saudi investment conference last year following the disappearance of journalist Jamal Khashoggi, Goldman Sachs has since won a slew of mandates in the kingdom, including a lead role in Saudi Aramco's debut international bond.
Goldman Sachs is applying for a banking licence in Tokyo as it prepares to launch a global cash management business later this year, several people familiar with the situation told the Financial Times. Goldman has pledged to eliminate the “pain points” of traditional cash management by launching its own high-tech version. Cash management is a complex business that demands a global network so companies using the service can pay out and receive money right across the world.
The deal could reportedly have a $750-million pricetag and would expand Goldman’s wealth management beyond its ultra-high-net-worth focus.
(Reuters) - Goldman Sachs Group Inc is nearing a deal to buy boutique wealth management firm United Capital Financial Partners Inc for several hundred million dollars, a source told Reuters. The deal would ...
The recommendation to "buy when there's blood in the streets" has been attributed to more than one rich businessman but is a solid approach to creating substantial wealth. With that, below are five investors that demonstrated remarkable timing by making big investments during the credit crisis and are well on their way to huge gains as a result. In October 2008, Warren Buffett published an article in the New York Times Op-Ed section declaring he was buying American stocks during the equity downfall brought on by the credit crisis.
Fresenius has approached potential suitors about the sale of its blood transfusion business, two people with knowledge of the matter said on Friday. Fresenius has hired Goldman Sachs to explore the sale, the people said.
“It’s a national client base, a tonne of offices, a very good footprint,” said one of the people, adding that United Capital’s philosophy of “helping people live richly” was a good cultural fit with the wealth management business that Goldman is building.
Goldman Sachs makes a deal to by boutique wealth management first United Capital for $750 million. This is an effort to ramp up its retail client base. Yahoo Finance's Seana Smith and Brian Cheung discuss.
Goldman Sachs announced its buying United Capital for $750 million, expanding its wealth management range. Yahoo Finance’s Ines Ferre reports the company’s outlook live from the NYSE.
Goldman Sachs Group Inc said on Thursday it would buy boutique wealth management firm United Capital Financial Partners Inc for $750 million in cash, its biggest deal since the financial crisis. CNBC's David Faber reports.