GS - The Goldman Sachs Group, Inc.

NYSE - NYSE Delayed Price. Currency in USD
-1.00 (-0.47%)
At close: 4:00PM EDT
Stock chart is not supported by your current browser
Previous Close214.52
Bid212.52 x 800
Ask213.44 x 900
Day's Range213.35 - 215.77
52 Week Range151.70 - 245.08
Avg. Volume2,309,496
Market Cap78.114B
Beta (3Y Monthly)1.32
PE Ratio (TTM)8.95
EPS (TTM)23.86
Earnings DateOct 15, 2019
Forward Dividend & Yield3.40 (1.58%)
Ex-Dividend Date2019-05-29
1y Target Est235.23
Trade prices are not sourced from all markets
  • What this week's big bank earnings mean for the economy
    Yahoo Finance Video3 days ago

    What this week's big bank earnings mean for the economy

    Earnings season is underway, and Sarah Hunt, Alpine Woods Capital Portfolio Manager, joins Yahoo Finance to break down the economic outlook.

  • GuruFocus.com14 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...

  • Dow 30 Stock Roundup: MSFT, JPM, IBM, JNJ, GS Earnings Impress
    Zacks21 hours ago

    Dow 30 Stock Roundup: MSFT, JPM, IBM, JNJ, GS Earnings Impress

    The Dow endured a volatile week, primarily due to renewed trade tensions, after gaining strongly earlier this month

  • Financial ETFs Caught Between Solid Earnings & Falling Yields
    Zacks22 hours ago

    Financial ETFs Caught Between Solid Earnings & Falling Yields

    Though Q2 banking earnings are upbeat so far, a slump in long-term bond yields kept financial ETFs in check.

  • Financial Timesyesterday

    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.

  • AAPL Stock: Apple Software Becomes Lifestyle
    InvestorPlace2 days ago

    AAPL Stock: Apple Software Becomes Lifestyle

    Hardware becoming software is one of the key trends of this decade. As Apple (NASDAQ:AAPL) prepares to refresh its product line for the fall of 2019, it is selling its software as a lifestyle.Source: Shutterstock The key product launch investors need to consider is the Apple Card, the company's entry into finance.While Facebook (NASDAQ:FB) wants to create its own money and replace the current Visa (NYSE:V)-dominated payment infrastructure with something cheaper, Apple Card is a gloss on MasterCard (NYSE:MA), with personal finance delivered through an app and integration with existing wireless payment technology.InvestorPlace - Stock Market News, Stock Advice & Trading TipsApple is also throwing money at original content, hoping to overwhelm Spotify (NASDAQ:SPOT) in podcasts and Netflix (NASDAQ:NFLX) in streaming entertainment. * 7 Stocks Top Investors Are Buying Now Apple's strategy is coming into focus. It's a lifestyle and an indenture. It's a walled garden where, in exchange for promises of privacy, Apple controls everything you have, including your cash flow. The Biggest iOS LaunchApple's biggest product launch is now going through its final beta test, iOS 12.4 beta 7. Its successor, iOS 13, was announced at the June Worldwide Developer's Conference.The key new feature supported by 12.4 is the Apple Card, on which Goldman Sachs (NYSE:GS) estimates it has spent nearly $275 million, transforming itself from an investment bank into a consumer bank. The card itself is designed around the app, with daily cash rewards and full integration with the Apple Wallet to track spending.The card is thus meant to change behavior, which now favors physical debit cards for most transactions. The potential bonanza here is enormous. People who pay off their cards spend an average of $1,154 with them each month, and the average user carries $6,354 of credit card debt. Goldman expects to offer $1,000 in credit to those with credit scores as low as 600, and charge Apple Card customers interest rates of 13%-24% on balances. Apple's Ho-Hum HardwareWith the next iPhone already being called a clunker, Apple has to extract more from software and services to maintain last year's 15% growth rate, with 22% of revenue hitting the net income line.The iPhone 11 design itself looks like a greatest hits album from previous iterations. Its main improvement is a bigger battery. The same is true for the latest MacBook, which only received minor tweaks on existing designs.But the hardware is the center of a software ecosystem that brings Apple profit from every corner of a customer's life. Software and services are more profitable than hardware.This extends to the Apple Watch. Given how many stores had the watch at clearance prices this month, including the Apple Watch 4, an Apple Watch 5 can't be far off. But the hardware isn't likely to change much. It will just be capable of running more software, especially health software. Health will follow cash into the Apple profit column.Critics worry the emphasis on service revenue will compromise the user experience. But people who believe in Apple tend to go all-in. The most important point about the iPhone's market share is its stability. They have half of the U.S. market and over one-fifth of the global market. The Bottom LineAn Android is a phone, a utility that offers unlimited choice. An iPhone is a lover, seducing and then demanding increasing loyalty.Once you're in the Apple ecosystem, the company wants to make it a lifestyle, handling your money, your entertainment, even your health.That's CEO Tim Cook's bet, that Apple products can be more than phones or watches or PCs, but a lifestyle for those seduced by its design and brand promise.Dana Blankenhorn is a financial and technology journalist. He is the author of a new environmental story, Bridget O'Flynn and the Bear, available now at the Amazon Kindle store. Write him at or follow him on Twitter at @danablankenhorn. As of this writing he owned shares in AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post AAPL Stock: Apple Software Becomes Lifestyle appeared first on InvestorPlace.

  • 3 Great Value Stocks to Buy This July
    InvestorPlace2 days ago

    3 Great Value Stocks to Buy This July

    After starting the year out on a dour note, the markets made a complete reversal. These days, the major averages -- like the S&P 500 and Nasdaq Composite -- continue to hit new record highs. The Dow Jones isn't doing too shabby either.But as the overall market surges higher, many stocks are quickly moving out of bargain status and perhaps into the expensive category. For those investors looking for value stocks, pickings are slim.Or are they?InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe truth is, there are plenty of value stocks still out there to be had. Sure, you may not find them among the FANGs, but bargain hunters can still find great deals on value stocks with low P/Es, strong earnings profiles, sales and even strong dividends.And considering that over the long haul, value tends to beat growth, now could be the best time ever to load up on some of these value stocks. * 7 Stocks Top Investors Are Buying Now With that, here are three great value stocks to buy this July and hold for a long time. Goldman Sachs (GS)Trailing P/E: 8.9The vampire squid is becoming a kinder and gentler, well, vampire squid. Investment bank Goldman Sachs (NYSE:GS) has become one of the best value stocks around. Today, shares can be had for a trailing P/E of just 8.9. That's dirt cheap considering its future potential.The reason behind the numbers is simple and comes from its former vampire squid name. Stock, currency, and derivatives trading used to make up the bulk of GS revenues in previous years. Those operations are still there to some extent. But thanks to regulation, Goldman has had to look for other ways to grow. Without those, investors have sort of abandoned the major financial name.However, Goldman has found the solution in consumer banking to the mass affluent. The firm's personal lending and deposit account platform, Marcus, has been extremely successful -- gathering more than $46 billion in deposits and issuing $4.6 billion in loans. Meanwhile, its deal to buy out wealth manager United Capital Financial Partners adds technology, investment management, and additional mass affluent assets into its umbrella. The idea is that Goldman is going back to its roots as more of a banking institution than a trading one.This is wonderful for investors. These are the kind of operations that throw off plenty of steady cash flows. And they already have, thanks to strong numbers, Goldman was able to increase its dividend and announce a massive $7 billion buyback program.However, investors continue to ignore the potential. That makes Goldman Sachs a great value stock to buy today. Micron TechnologyTrailing P/E: 5.09Modern life runs on semiconductors. However, there is a big difference between the chips needed for self-driving cars and the one in your garage door opener. For Micron Technology (NASDAQ:MU), the fact that it focuses on the boring, analog side of that equation hasn't been so good in recent years.Analog chips are so standard that pricing for them is actually traded like a commodity. There's a spot market for these chips … just like a barrel of oil or bushel of corn. So, with supplies of DRAM and other basic analog chips being in a glut, Micron has been largely ignored -- unlike say, NVIDIA (NASDAQ:NVDA) -- and has become one of the cheapest value stocks around. You can currently snag MU stock for P/E of around 5.At that bargain price, you should snag all you can.For starters, the glut of DRAM may end as soon as the trade war goes. Already, Micron has seen a boost since President Donald Trump announced that firms can start selling chips to China's Huawei. Without trade issues, China should once again start consuming DRAM with reckless abandon.But what is really exciting is that MU has lucrative chipsets. At the same time, Micron continues to improve its memory chips to make them less like commodities and more irreplaceable to manufacturers. This includes its 3D XPoint technology -- which allows for very rapid storage and release of data. The kind of chip that is perfect for autonomous cars and A.I. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Over the long haul, these chips will help reduce Micron's dependency on boring DRAM and allow it to profit from higher margins and demand. In the meantime, investors can score this value stock for basically free while they wait for the turnaround. PepsiCo (PEP)Trailing P/E: 14.6By nature, most consumer staples are considered value stocks. That's because many of them aren't fast-growing anymore and are mostly known for their dividends. So, when you can find a steady-eddy consumer stock, trading for a low valuation that also has some serious growth behind it, you have to consider it for your portfolio. And that sums up PepsiCo (NYSE:PEP) to a "T."PEP doesn't need an introduction. We all know the global provider of sweet beverages and salty snacks. The firm giant is pulling in billions in annual revenues across more than 200 different countries. But despite its size, Pepsi is still growing -- with management looking to score 4% to 6% organic growth this year.How PEP will do that comes down to continued improvements to its product mix. That includes new organic, healthy snacks as well as the continued foray into ready-to-drink coffee and sparkling water.Meanwhile, CEO Ramon Laguarta has continued to act on his promise of a "faster, stronger, better" PepsiCo. That includes investing a hefty dose of tech, consuming intimacy initiatives and looking to cut costs. So far, Laguarta's moves are working. Last quarter was simply smashing for PEP.And yet, the market still doesn't seem to care.That has made PEP a wonderful value stock to buy. With a P/E of just under 15, investors aren't pricing in any of the firm's growth potential. And with its 2.88% dividend, you're paid while waiting for that potential to be realized.At the time of writing, Aaron Levitt did not hold a position in any stock mentioned. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks Top Investors Are Buying Now * The 10 Best Cryptocurrencies to Keep on Your Radar * 7 Marijuana Penny Stocks That Could Triple (But You Won't Make Money) The post 3 Great Value Stocks to Buy This July appeared first on InvestorPlace.

  • Morgan Stanley and Goldman Sachs Play the Long Game
    Bloomberg2 days ago

    Morgan Stanley and Goldman Sachs Play the Long Game

    (Bloomberg Opinion) -- Goldman Sachs Group Inc. and Morgan Stanley are the two Wall Street banks most connected to high-stakes trading. Historically, that made them seem glamorous relative to the other big U.S. institutions, which focused on the more steady business of retail banking.The tide has turned. Persistently low volatility has made it clear that banks can’t count on traders to drive profits. Goldman’s equities revenue beat expectations earlier this week, in a small sign of hope, but Morgan Stanley’s results on Thursday were more far more indicative of the trend. Its $2.13 billion from equities was the highest among banks but was down 14% from a year ago and fell short of even the lowered estimates of $2.27 billion. In fixed income, currencies and commodities, revenue dropped 18% rather than the expected 7% decline.This puts Goldman and Morgan Stanley in a tough spot. They’re not well positioned to immediately compete with Bank of America Corp., Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co. in catering to the banking needs of Main Street. At the same time, the bank executives have to feel pressure to limit the quarter-to-quarter fluctuations that are at the mercy of the whims of the global markets.Reading between the lines, their answer to this quandary appears to be more emphasis on wealth management.Now, this isn’t exactly a revelation, nor an abrupt shift. Morgan Stanley has been moving into wealth management strategically for a while, and Goldman’s division already oversees more than $1 trillion in assets. Still, the banks’ latest commentary and moves in the past quarter make clear that they see this business, which produces a steady stream of fee-based income, as a way to leverage their reputation as titans of Wall Street.In Morgan Stanley’s earnings call on Thursday, Chief Executive Officer James Gorman specifically praised Dan Simkowitz for his work on building up the firm’s asset-management unit. And by all accounts it was well deserved, with the division’s revenue at the highest in five years. On the wealth-management side, Morgan Stanley posted $4.41 billion of revenue, which was 2% higher than last year and blew away analysts’ estimates for a 9% decline.Moreover, Morgan Stanley’s wealth-management division posted an impressive 28% profit margin. So impressive, in fact, that it drew more than one question from analysts about whether the bank can sustain that sort of momentum, including from Mike Mayo of Wells Fargo. Gorman insisted “it’s not like we are sitting back and saying we are really milking this.” Rather, “we’re playing for the long run.”At Goldman, Chief Executive Officer David Solomon on Tuesday highlighted its $750 million purchase of wealth manager United Capital, which was announced in May and represented one of Goldman’s biggest acquisitions in recent memory. Bloomberg News’s Sridhar Natarajan noted at the time that Solomon has made building out fee-based businesses a high priority so that shareholders can more easily estimate the bank’s growth and earnings.None of this is to say that Morgan Stanley and Goldman will abandon their positions as premier trading firms. But it’s notable to parse what Morgan Stanley Chief Financial Officer Jon Pruzan told Bloomberg News’s Sonali Basak in an interview. “We’re No. 1 in the world” in equities trading, he said, adding that “we would expect to maintain our market share in this type of environment.” He reiterated those comments during the analyst call.It’s certainly possible that volatility will resume, given that stock markets are hovering near all-time highs and global central banks are on the verge of further easing monetary policy. But framing expectations in terms of maintaining market share would seem to indicate that Pruzan expects further challenges for trading in the coming months and years. Ted Pick, who oversees all of Morgan Stanley’s traders and investment bankers, made some interesting comments in May about the equities business. He said he had led the division with “high levels of paranoia” because it felt like a couple of competitors were coming after the bank, either on price or looser risk requirements or something else. He said “that’s not a game we’re going to play.”Rather, as these second-quarter earnings make clear, Morgan Stanley is playing the long game. So is Goldman. When it comes to dealing with the fickle nature of financial markets, sometimes the most sound strategy is to play the hand you’re dealt.To contact the author of this story: Brian Chappatta at bchappatta1@bloomberg.netTo contact the editor responsible for this story: Daniel Niemi at dniemi1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Brian Chappatta is a Bloomberg Opinion columnist covering debt markets. He previously covered bonds for Bloomberg News. He is also a CFA charterholder.For more articles like this, please visit us at©2019 Bloomberg L.P.

  • Bloomberg2 days ago

    Mnuchin Says No Change to U.S. Dollar Policy ‘As of Now’

    (Bloomberg) -- Treasury Secretary Steven Mnuchin said there is no change in the U.S.’s dollar policy “as of now” but wouldn’t rule out a shift at some stage in the future.There has been “no change to the dollar policy,” he said during an interview Thursday following a Group of Seven finance ministers’ meeting in Chantilly, France. “This is something we could consider in the future but as of now there’s no change to the dollar policy.”The Trump administration has softened the long-held U.S. stance of supporting a strong dollar, favoring a stable exchange rate instead as it battles China in a trade war and threatens tariffs on other countries. Mnuchin has also signaled a preference for letting markets determine a currency’s value. “These are very, very large, liquid markets,” he said in the interview.The dollar retraced gains against the euro after Mnuchin’s remarks, trading at $1.1217 per euro at 2:05 p.m. in London.Mnuchin declined to comment on the levels of the U.S. currency.When asked during a press briefing if he believes that a strong dollar is in the nation’s best interest, Mnuchin said: “I’m not going to make any specific comments on the dollar policy or the euro-dollar policy.”President Donald Trump has repeatedly brought up his preference for a weaker dollar as of late. He tweeted this month that Europe and China are playing a “big currency manipulation game” and called on the U.S. to “MATCH, or continue being the dummies.” He’s made noise behind the scenes, too, lamenting to job candidates for the Federal Reserve board that the dollar’s strength could blunt economic growth.Trump is increasingly concerned that a strong U.S. dollar is hampering economic growth ahead of his re-election and has asked his staff to find ways to weaken the greenback, Bloomberg News has reported.Trump’s public comments have stirred speculation in markets about a possible U.S. currency intervention. Goldman Sachs Group Inc. last week flagged it as a low but increasing risk, while Pacific Investment Management Co. has said a full-blown currency war can no longer be ruled out.In the interview Thursday, Mnuchin declined to say whether the administration has looked into intervening in markets to weaken the dollar.Previous MovesAdministration officials believe that for any move on the dollar to succeed, the Fed must agree with the policy and clearly communicate its support, according to people familiar with the matter. The Treasury Department and Fed have coordinated the last three U.S. currency interventions, splitting the amount transacted evenly between them in 1998, 2000 and 2011 in order to nudge the dollar’s value.Trump’s focus on the dollar was heightened after the European Central Bank said June 18 it may lower rates for the euro region, prompting a fall in the currency’s value against the greenback.Trump has since complained that the Fed is putting U.S. exporters at a competitive disadvantage by not also considering a rate cut, and has said that the U.S. would be better off with ECB President Mario Draghi in charge of its central bank instead of Fed Chairman Jerome Powell.Powell has signaled that he’s considering an interest-rate reduction, a move that would have the effect of weakening the dollar and may appease the president. Trump has repeatedly castigated Powell and Fed for rate increases last year.A strong dollar gives American consumers more buying power for imports while raising prices for U.S. exports, widening trade deficits that Trump has vowed to close.The Bloomberg dollar index is roughly unchanged on the year but a Fed trade-weighted measure of the U.S. currency is not far below the strongest since 2002, underscoring the headwinds American exports face overseas.(Updates with context starting in sixth paragraph.)To contact the reporter on this story: Saleha Mohsin in Chantilly at smohsin2@bloomberg.netTo contact the editors responsible for this story: Alex Wayne at, Brendan Murray, Scott LanmanFor more articles like this, please visit us at©2019 Bloomberg L.P.

  • 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.

  • Thomson Reuters StreetEvents2 days ago

    Edited Transcript of GS earnings conference call or presentation 16-Jul-19 1:30pm GMT

    Q2 2019 Goldman Sachs Group Inc Earnings Call

  • 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.

  • Investing.com3 days ago

    StockBeat - Levis Slides as Goldman Warns of Unfashionable Performance Ahead – Levi Strauss led the slump in apparel stocks Tuesday after Goldman Sachs (NYSE:GS) signaled it was time to move out of apparel brands who rely on department stores to flog their branded merchandise amid fears that increasingly unfashionable performances await in the second half of the year.

  • Stock Market News for Jul 17, 2019
    Zacks3 days ago

    Stock Market News for Jul 17, 2019

    Wall Street???s rally ended on Tuesday after President Donald Trump expressed his doubts about a near term solution to the lingering trade battle between the United States and China.

  • PNC Financial (PNC) Q2 Earnings Beat Estimates, Revenues Up
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    PNC Financial (PNC) Q2 Earnings Beat Estimates, Revenues Up

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  • Synovus (SNV) Stock Up 2.24% on Q2 Earnings & Revenue Beat
    Zacks3 days ago

    Synovus (SNV) Stock Up 2.24% on Q2 Earnings & Revenue Beat

    Synovus Financial's (SNV) Q2 results highlight top-line strength, aided by higher loan balances and fee income.

  • U.S. Bancorp (USB) Q2 Earnings Beat on Stellar Revenues
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    U.S. Bancorp's (USB) Q2 performance reflects higher revenues, aided by growth in loan balances, partly offset by elevated expenses and provisions.

  • 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

    Lower US interest rates squeeze bank lending margins

    Investors have long fretted about falling interest rates hitting growth at even the best-managed lenders. Announcing a mixed set of second-quarter results, JPMorgan cut its 2019 outlook for lending profits by half a billion dollars in expectation of multiple rate cuts from the Federal Reserve, which will compress lending margins. BofA matched that and more, taking almost a billion out of its outlook.

  • 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.