|Bid||19.70 x 1800|
|Ask||19.72 x 800|
|Day's Range||19.61 - 19.72|
|52 Week Range||16.60 - 23.52|
|Beta (3Y Monthly)||0.56|
|PE Ratio (TTM)||0.82|
|Forward Dividend & Yield||1.00 (5.20%)|
|1y Target Est||N/A|
Shares of Goldman Sachs are falling on a Financial Times story that the Department of Justice is looking for a guilty plea from Goldman Sachs.
David Solomon, CEO of Goldman Sachs, says the company "performed well" in the first quarter of 2019 despite challenges. He also says the current leadership team plans to be "far more transparent" than the bank has been historically.
CNBC's Tanvir Gill sits down with Goldman Sachs CEO David Solomon to discuss company's earnings, future plans and the U.S. economy.
The Justice Department has not charged Goldman in relation to the state-owned fund, 1Malaysia Development Berhad, known as 1MDB. Goldman, which is being investigated by Malaysian authorities and the Justice Department for its role in bond sales for the fund, has said it has not had settlement talks.
3M: What to Expect from Its Q1 Earnings(Continued from Prior Part)3M’s first-quarter revenue expectations 3M (MMM), a diversified technology company, is expected to report revenues of $8.02 billion in the first quarter—a decrease of 3.0% YoY
Goldman Sachs is in talks with Turkish banks and companies to buy large distressed loans following a wave of corporate restructurings in the country last year, two sources close to the matter told Reuters. The sources, who requested anonymity, did not specify the size of the restructured loans but said Goldman was looking at those valued in the range of $2 billion to $6 billion. Turkish banks, grappling with fallout from a recession and a weak lira, could be interested in selling loans to bolster their stressed balance sheets and to gain access to liquidity, the sources said.
The China Securities Regulatory Commission agreed with Goldman Sachs under guidelines that allow it to negotiate a settlement rather than to simply issue a fine. The deal relates to how Goldman Sachs’s Asia unit worked with Beijing Gao Hua Securities Co., the majority owner of the onshore joint venture, on its trading business. Employees at both firms have agreed to step up internal controls, the CSRC said in a statement late Tuesday.
US justice department staff have recommended that a settlement with Goldman Sachs over its role in the multibillion-dollar 1MDB corruption scandal should include a guilty plea at the parent company level, according to people familiar with the matter. Any such plea would be the toughest penalty the Department of Justice could bring against Goldman, which has long insisted that any misconduct was due to rogue bankers in its Asian operations. The internal recommendation by career prosecutors investigating the bank is now being considered by senior officials at the justice department, the people said.
HONG KONG (Reuters) - China's securities regulator said on Tuesday it has settled a case of internal control with Goldman Sachs (Asia) and Gao Hua Securities after the latter agreed to pay a settlement ...
Despite not having an office in metro Denver, investment banking giant Goldman Sachs (NYSE: GS) considers the area a key place for its business, Matt Gibson, Goldman Sachs partner and global head of investment banking services, said. “Denver would definitely be a location we would consider in terms of expansion,” Gibson said in an email.
William Barr has received an ethics waiver for the Department of Justice’s investigation of a Malaysian corruption scandal involving Goldman Sachs, signalling that any settlement negotiated by the bank will be decided at the highest levels of the US government. The White House granted the attorney-general a waiver from a pledge he made when he took office to remove himself for two years from any matter involving his former law firm, Kirkland & Ellis. The firm is representing Goldman as it attempts to fend off possible criminal charges concerning billions of dollars allegedly stolen from 1MDB, a Malaysian state investment company for which the bank underwrote several bond issuances.
In its annual sustainability report, released Monday, the Wall Street firm reported that dedicated impact investing and environmental, social and governance assets under management rose to $17 billion at the end of 2018, from $11.3 billion a year earlier. Goldman also became the first bank to publish its report in line with Sustainability Accounting Standards Board metrics sought by investors to highlight material environmental issues in the business. While Goldman has increased investment in green operations to $1.2 billion in 2018 from $701 million in 2017, it had more trouble gaining energy efficiency and managing carbon emissions.
After launching just last year, solar system finance technology company Loanpal has grown to have 21% of the solar lending market nationally, according to its co-founder.
Wall Street’s top six banks posted a decidedly mixed set of results for the first quarter, with retail banks generally triumphing over their more capital markets focused rivals and dealmakers having a better time of it than traders. Investor reaction was most decisive against Goldman Sachs. Analysts attributed the fall to Goldman’s decision to defer a much-anticipated strategic update until early next year.
Amid expectations the Federal Reserve will slow its pace of interest rate increases this year or perhaps not raise rates all, fixed income investors are embracing medium- and longer-term bond exchange ...
BNP Paribas could raise outside money for its first such fund, known as a direct-lending fund, as soon as this year, according to a person with knowledge of the matter. Discussions at Barclays are more preliminary, but any fund set up could offer a broad range of financing options, according to separate people. The banks are considering following the lead of Goldman Sachs Group Inc., which decades ago set up a direct lending arm that has helped it win fees.
Morgan Stanley’s Q1 Earnings Fell 4%, Beat the Estimates(Continued from Prior Part)Valuation Morgan Stanley (MS) is trading at a forward PE ratio of 9.6x, which is ~16% lower than its five-year average PE ratio. The stock is trading at a PBV
Morgan Stanley’s Q1 Earnings Fell 4%, Beat the EstimatesMorgan Stanley’s first-quarter results Morgan Stanley (MS) reported its first-quarter results on April 17. The company reported an EPS of $1.39, which beat the consensus estimates of $1.17
The company is in the middle of a front-to-back review of its business that aims to expand revenue on the front end, especially in newer business lines, and optimize expenses and capital of traditional business lines on the back end. The current Goldman narrative reminds us a lot of Morgan Stanley after its Smith Barney merger, where the company is on a trajectory of adding more stable, capital-light revenue streams but the market isn't giving the company any credit for it. Given where we are in the capital markets cycle and Goldman's investment cycle, it could take a while for the company's initiatives to clearly show in the bottom line.
Goldman Sachs’s Q1 Earnings: What You Need to KnowGoldman Sachs’ Q1 earnings Goldman Sachs (GS) reported its first-quarter results yesterday. The stock tanked 3.8% on earnings day. The bank reported revenues of $8.8 billion, missing estimates by
SoFi CEO and former Twitter COO Anthony Noto offers several invaluable tips to executives getting ready to take Uber, Slack and Pinterest public.