GS-PN - The Goldman Sachs Group, Inc.

NYSE - NYSE Delayed Price. Currency in USD
27.00
-0.03 (-0.11%)
At close: 4:02PM EDT
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Previous Close27.03
Open26.96
Bid26.94 x 1200
Ask27.00 x 800
Day's Range26.94 - 27.05
52 Week Range24.71 - 27.20
Volume121,936
Avg. Volume43,339
Market Cap101.031B
Beta (3Y Monthly)0.07
PE Ratio (TTM)1.13
EPS (TTM)23.86
Earnings DateN/A
Forward Dividend & Yield1.57 (5.84%)
Ex-Dividend Date2019-07-25
1y Target EstN/A
Trade prices are not sourced from all markets
  • GuruFocus.com9 hours ago

    Goldman Sachs Group Inc (GS) EVP, Global Head of HCM Dane E Holmes Sold $671,455 of Shares

    EVP, Global Head of HCM of Goldman Sachs Group Inc (30-Year Financial, Insider Trades) Dane E Holmes (insider trades) sold 3,165 shares of GS on 07/18/2019 at an average price of $212.15 a share. Continue reading...

  • Financial Times21 hours ago

    Goldman’s bankers are left waiting on the ‘platform’

    “It’s less human capital, it’s more platform driven,” said chief financial officer Stephen Scherr. Star traders and elite investment bankers are meant to bring in the dosh with their brilliance and connections.

  • Goldman Sachs' equities-backed earnings results may pressure
    Reuters2 days ago

    Goldman Sachs' equities-backed earnings results may pressure

    Booming stock markets around the globe helped Goldman Sachs Group Inc offset declines in other businesses last quarter, but those gains may not be sustainable, analysts said. The biggest contributor to the bank's profits was the $1.5 billion it notched from its own equity investments – including $375 million from electronic trading company Tradeweb – some of which it sold during the second quarter. Its investment bankers also handled more stock offerings than any rivals during the period, which in turn helped boost revenue from equity trading, where Goldman is also nabbing market share.

  • American City Business Journals2 days ago

    $106M loan fuels downtown tower project

    It's the seventh $100M+ construction loan active in Nashville today. Two years ago, there were none that large.

  • Goldman Sachs' equities-backed earnings results may face pressure
    Reuters2 days ago

    Goldman Sachs' equities-backed earnings results may face pressure

    Booming stock markets around the globe helped Goldman Sachs Group Inc offset declines in other businesses last quarter, but those gains may not be sustainable, analysts said. The biggest contributor to the bank's profits was the $1.5 billion it notched from its own equity investments – including $375 million from electronic trading company Tradeweb – some of which it sold during the second quarter. Its investment bankers also handled more stock offerings than any rivals during the period, which in turn helped boost revenue from equity trading, where Goldman is also nabbing market share.

  • Financial Times2 days ago

    Judge sets trial date over ex-Goldman banker’s alleged 1MDB role

    The ins and outs of the 1MDB money laundering and bribery scandal will be played out in a Brooklyn courtroom from May 11 next year if former Goldman Sachs banker Roger Ng fails to reach a plea agreement with US prosecutors before then. US District Judge Margo Brodie set the preliminary date for the hearing of Mr Ng, who stands accused of participating in an international fraud that led to billions of dollars raised by Goldman Sachs being misappropriated before it could reach the coffers of Malaysia’s development fund, Goldman’s client. Lawyers for both Mr Ng and for the Department of Justice told Judge Brodie that talks over a potential plea bargain are continuing, and that a deal could be reached before the case reaches trial.

  • Big banks lean on strong consumer amid trading troubles
    Yahoo Finance3 days ago

    Big banks lean on strong consumer amid trading troubles

    All four big banks beat earnings estimates on the top and bottom lines, thanks to a strong U.S. consumer.

  • TheStreet.com2 days ago

    Jim Cramer: Buy These 4 Banks!

    The big banks that have reported have made a combined total of $29.5 billion. That's astonishing.

  • Goldman Sachs Stock Sets 2019 High on Positive Earnings
    Investopedia3 days ago

    Goldman Sachs Stock Sets 2019 High on Positive Earnings

    The investment banking firm and Dow component extended its streak of earnings beats to nine consecutive quarters.

  • Financial Times3 days ago

    Goldman’s pipeline of advisory business is climbing. What that means for its rivals is a question on DD’s mind

    Both Goldman Sachs and JPMorgan Chase showed declining investment banking revenue in the second quarter of 2019, with both suffering a dip in their lucrative debt underwriting businesses. How do I go about getting into the investment banking industry? JPMorgan’s M&A business suffered a sharper 16 per cent year-on-year contraction — it generated $525m in fees — as Goldman was off just 3 per cent from the previous year at $776m.

  • Seeking New Highs
    Investopedia4 days ago

    Seeking New Highs

    There is "a long way to go" on U.S.-China trade, although the VIX is showing few concerns. The British pound broke down to new lows.

  • US STOCKS-Wall Street slips as bank earnings, Trump trade comments weigh
    Reuters4 days ago

    US STOCKS-Wall Street slips as bank earnings, Trump trade comments weigh

    U.S. stocks edged lower on Tuesday as quarterly results from banks added to concerns about lower interest rates dampening their profits, while comments from U.S. President Donald Trump on trade also dragged down Wall Street's major indexes. Johnson & Johnson shares slipped 1.6% after the diversified healthcare company warned that competition from generic and copycat drugs could impact its third-quarter results.

  • Stocks slip slightly amid trade remarks, earnings season
    Yahoo Finance4 days ago

    Stocks slip slightly amid trade remarks, earnings season

    U.S. stocks were mixed Tuesday afternoon as investors digested a wave of signals from officials over U.S.-China trade relations and monetary policy, along with an influx of corporate earnings results and economic data.

  • JPMorgan, Goldman Sachs, Wells Fargo Earnings All Beat Views
    Investor's Business Daily4 days ago

    JPMorgan, Goldman Sachs, Wells Fargo Earnings All Beat Views

    JPMorgan reported better-than-expected second-quarter earnings early Tuesday, helped by an income tax boost. Goldman Sachs and Wells Fargo also beat.

  • Goldman Sachs Group Inc (GS) Q2 2019 Earnings Call Transcript
    Motley Fool4 days ago

    Goldman Sachs Group Inc (GS) Q2 2019 Earnings Call Transcript

    GS earnings call for the period ending June 30, 2019.

  • PayPal Expands Xoom to Europe: Are Big Banks Paying Attention?
    Market Realist4 days ago

    PayPal Expands Xoom to Europe: Are Big Banks Paying Attention?

    Yesterday, PayPal (PYPL) announced that it would expand Xoom, which is its international money transfer service, to 32 markets in Europe.

  • The Basis Point4 days ago

    Big Bank Goldman Sachs Is Spending Big Bucks On Main Street

    Goldman Sachs has had to pull out the checkbook to break into the consumer segment.

  • GuruFocus.com4 days ago

    US Stocks Little Moved as Earnings Roll In Tuesday

    Domino's Pizza falls on weak revenue Continue reading...

  • Goldman Sachs stock lifted by earnings beat, holds top dealmaking spot
    Yahoo Finance4 days ago

    Goldman Sachs stock lifted by earnings beat, holds top dealmaking spot

    Goldman Sachs is the third of Wall Street's bulge-bracket banks to report Q2 earnings this week.

  • What Drove Goldman Sachs’s Better-than-Expected Q2?
    Market Realist4 days ago

    What Drove Goldman Sachs’s Better-than-Expected Q2?

    Goldman Sachs (GS) posted better-than-expected second-quarter results on Tuesday. The bank’s revenue and EPS topped Wall Street’s estimates.

  • Goldman Stock Traders Buck Wall Street Trend on Revenue Jump
    Bloomberg4 days ago

    Goldman Stock Traders Buck Wall Street Trend on Revenue Jump

    (Bloomberg) -- Goldman Sachs Group Inc.’s trading division offered investors something its rivals couldn’t: a bright spot.The firm’s stock traders delivered a surprise revenue increase, driving Goldman’s securities unit to a smaller decline than analysts had predicted for the second quarter. Citigroup Inc. and JPMorgan Chase & Co., which announced results earlier, reported bigger-than-anticipated drops from their trading desks.Wall Street executives had warned that a slump in client activity amid trade disputes and other geopolitical risks would erode revenue from trading during the quarter. Goldman executives said their equities unit countered that by grabbing some share from weaker rivals and finally seeing dividends from years of upgrading its electronic trading systems.“The performance really was across the franchise, it was throughout derivatives and cash,” Chief Executive Officer David Solomon said on a call with analysts. “Given the market dynamics broadly, there is some sense of consolidating share and I think we’ve seen the benefit of that.”Deutsche Bank AG was losing some client assets even before it announced this month that it’s exiting the equities-trading business. Investors will be looking to see if Morgan Stanley, which has held the mantle of the top equity-trading franchise on Wall Street, also gained. The firm reports earnings on Thursday and analysts have been forecasting an 8% drop. Shares of Goldman Sachs climbed 1.2% at 11:48 a.m in New York, the fourth-best performance in the 68-company S&P 500 Financials Index. The stock is up 28% this year, putting it on track for its best annual gain in more than five years.Second-quarter trading revenue was $3.48 billion, topping the $3.37 billion average estimate by analysts in a Bloomberg survey. The equities jump masked some of the weakness in fixed-income trading, which was driven by lower revenues in rates, currencies and credit. The commodities unit, which has undergone a number of personnel changes, helped offset some of the weakness in other parts of the fixed-income business.Fees from helping companies borrow slumped 20% to $605 million, reflecting less business in the investment-grade and leveraged-finance markets. Its equity-underwriting group brought in $482 million, aided by Goldman’s role in public stock offerings for Silicon Valley heavyweights, including ride-hailing giant Uber Technologies Inc. and Slack Technologies Inc., a provider of workplace chat software.Goldman, which consolidates its firmwide investing and lending activities into one reporting line, posted $2.53 billion in that division, higher than the $1.98 billion estimate of seven analysts compiled by Bloomberg. That was largely due to gains of $500 million from investments in companies that went public during the quarter, including Uber and Tradeweb Markets Inc.Falling RatesGoldman’s recent foray into consumer banking also has prompted it to heed falling rates. In the second quarter, the firm cut the amount of interest it pays depositors with online savings accounts. Banks typically try to maximize the margin between what they pay for deposits and what they earn from making loans.Goldman also made its biggest acquisition in about two decades with the purchase of a wealth manager to help with its expansion beyond catering to just ultra-wealthy individuals. Its investment-management division is the only place where the firm posted a much bigger drop than expectations, despite an increase in assets-under supervision.Last month, Goldman Sachs passed the Federal Reserve’s annual stress test. The exam was easier on capital-markets businesses than in previous years, allowing the firm to increase dividends and share repurchases. It’s a reversal from 2018, when the regulator curtailed the bank’s ability to boost payouts.Other HighlightsEquities revenue at $2.01 billion was the second-highest for a quarter in four yearsAll elements of investment banking declined in the second quarter from a year earlier, led by a 20% drop in debt underwritingEarnings per share of $5.81 topped the average estimate of $4.93Provision for credit losses dropped 9% to $214 million(Adds CEO quote in fourth paragraph.)\--With assistance from David Scheer and Lananh Nguyen.To contact the reporter on this story: Sridhar Natarajan in New York at snatarajan15@bloomberg.netTo contact the editors responsible for this story: Michael J. Moore at mmoore55@bloomberg.net, Steve DicksonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Big banks beat profit expectations but warning signs grow
    Reuters4 days ago

    Big banks beat profit expectations but warning signs grow

    While the biggest risk ahead is that lower interest rates will pressure banks' bottom lines in the coming months, the squeeze is already beginning. JPMorgan Chase & Co and Wells Fargo & Co both reported drops in net interest margins as they paid more for deposits. JPMorgan, the nation's biggest bank, lowered its outlook for net interest income to "about $57.5 billion" in 2019 from the $58-plus billion it estimated in February. On Monday, Citigroup similarly reported a decline in net interest margin.

  • Benzinga4 days ago

    IPO Extravaganza Seen Buttressing Banks In Q2, But Soft Trading Environment Hurts

    After getting clipped in Q1 by the government shutdown, initial public offerings (IPOs) bounced back impressively over the last three months. This could end up working its way into Q2 results for several large U.S. banks that report earnings later this week, though analysts still anticipate year-over-year earnings declines for some. Slow trading volume, however, is among the potential weights on bank results.

  • S&P 500: Why MS and JPM Are at Odds about Upside
    Market Realist4 days ago

    S&P 500: Why MS and JPM Are at Odds about Upside

    In contrast to Morgan Stanley’s view, J.P. Morgan (JPM) upped its price forecast for the S&P; 500 (SPY) from 3,000 to 3,200 on July 15.