|Bid||230.400 x 800|
|Ask||230.360 x 1100|
|Day's Range||229.190 - 230.840|
|52 Week Range||214.640 - 275.310|
|PE Ratio (TTM)||21.75|
|Earnings Date||Jul 17, 2018|
|Forward Dividend & Yield||3.20 (1.38%)|
|1y Target Est||276.50|
says it's likely that benchmark Brent oil prices will rise as demand from emerging markets outweighs worries about higher production, rising inventories and risks of a global trade war. "We now forecast a moderately tighter oil market through the second quarter of 2019 than previously despite core OPEC and Russia production reaching new record highs by next summer and inventories already below normal levels," Goldman analysts, including Damien Courvalin and Jeffrey Currie, wrote in a June 18 research note.
is naming a new head of its technology-banking group in New York, betting that the next tech giant may crop up far from Silicon Valley. Goldman is promoting Pete Lyon, who currently runs the firm's U.S. capital-markets business, to co-head its technology, media and telecommunications group, according to a memo reviewed by The Wall Street Journal. Elevating Mr. Lyon — the group’s first leader outside the West Coast since 2014 — amounts to a bet that emerging technology will continue to become more global, both the entrepreneurs themselves and the investment dollars chasing them.
Crude futures were mixed Monday, following a week of losses partly prompted by elevated fears that Saudi Arabia and Russia could soon move to ramp up oil production. "Our updated global supply-demand balance continues to point to further declines in inventories and higher oil prices in the second half of 2018," the bank said, reaffirming its previous Brent forecast of $82.50 during the summer. Alongside its allied partners, OPEC is scheduled to meet Thursday in order to decide production policy.
Goldman Sachs said it expected China to adopt a slightly easier monetary stance in the face of tit-for-tat tariffs between Beijing and Washington that, while likely to have limited immediate impact on the economy, were at risk of escalating. On Friday, the Trump administration imposed tariffs on $50 billion of imports from China, a move that came on top of hefty duties on steel and aluminum imports implemented at the start of June. China retaliated swiftly by announcing reciprocal tariffs on U.S. products, ranging from soybeans and autos to seafood.
When Spotify Technology SA went public in April, Goldman Sachs Group Inc. was sitting on a stake in the music-streaming startup worth more than $350 million, a sevenfold return on a 2012 investment. Goldman has those, too, but they are distinct from the portfolio maintained by its investment bankers, who are investing on the bank’s behalf. The bankers were early backers of now-household names including Uber Technologies Inc., online storage vault Dropbox Inc. and payments company Square Inc. Recent investments include Ripple Foods, which makes milk from peas, and Marqeta Inc., a credit-card startup, the people said.
Long-time Goldman Sachs (GS) CEO used to be “scared to death” when presenting to senior leaders at the firm in his younger years. Tuesday’s event was the firm’s third-annual Analyst Impact Fund, a contest where analysts from around the world compete for the chance to win up to $150,000 for non-profits in their communities. The fund is part of Goldman Sachs Gives, which is a donor-advised fund where managing directors at the firm recommend grants for non-profits.
A deal that went south may end up becoming one of Goldman Sachs Group Inc.’s most profitable trades this year. Goldman, initially stuck with Burberry Group Plc shares after helping billionaire Albert Frere offload his 6.6 percent stake in the London-based luxury company last month, has made about $30 million from selling its holding after shares in the London-based luxury company soared, according to people with knowledge of the matter. Representatives for Goldman declined to comment.
NEW YORK, June 15, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Vector ...
The Church of England is planning to add mobile phone masts to its country spires in partnership with a company controlled by Goldman Sachs, the bank that once claimed to be “doing God’s work”. The Anglican church signed an accord with the Department for Digital, Culture, Media and Sport last year aimed at reducing the number of rural mobile phone and broadband black-spots. Now a company called Shared Access has started working with local church authorities to help them do deals with the telecoms companies.
A proposal to simplify a rule banning banks from proprietary trading, rather than making life easier for Wall Street, could ensnare billions of dollars' worth of assets not currently caught by the regulation. This little-noticed wrinkle, if it were to make it into the final rule, could prompt Wall Street firms to overhaul their treasury, trading and merchant banking operations and change their accounting practices, lawyers and executives told Reuters. On May 30, U.S. regulators unveiled a plan to modify the so-called Volcker Rule introduced following the 2007-2009 financial crisis, aiming to make compliance easier for many firms and relieving small banks altogether.
The rebound in oil prices in the last year has been a major boon for U.S. shale companies, but for those who were unable to hold their nerve, a huge potential profit has been left on the table
Measuring The Goldman Sachs Group Inc’s (NYSE:GS) track record of past performance is a useful exercise for investors. It enables us to understand whether or not the company has metRead More...
In the battle between Wall Street bulls and bears over Netflix stock, the bulls are winning. Netflix shares spiked to an all-time high on Thursday, their second record high in as many days.
) all fell in afternoon trading on Thursday after the Federal Reserve said it's raising benchmark interest rates by a quarter of a percentage point, as well as signalling two more rate hikes this year. In the long run though, a more hawkish Fed could bring big gains to bank stocks, experts say. "Banks greatly benefit in a rising rate environment as their lending margins improve," David Bickerton, MDH Investment Management, Inc in Ohio said.
In the 1990s, Albert Meyer was an accounting professor at Spring Arbor University, a small Christian college in Michigan. He had a background in forensic accounting, and through due diligence on one of the University's donors, exposed one of the biggest Ponzi-style frauds of the decade.
The securities trading industry fell out of favor in the wake of the economic downturn, as stricter regulatory requirements coupled with restrictions to proprietary trading activity, forced major investment banks globally to implement sizable cuts to their trading portfolio. The figures here have been compiled from the annual reports of individual banks over the years, and represent the sum of trading assets as well as derivative assets on their balance sheet at the end of a period.
The banks seemed hot in the wake of the Fed's policy announcement. What that means to me, among many other slices of the financial industry, is that for some, a volatile environment caused by improved corporate performance coupled with rising rates, and unpredictable inflation should beget trading profits for the competent. does not strut their stuff in this kind of environment, then they are no longer the Goldman Sachs that I grew up despising.
Funds have been raised at a record rate in the US this year for shell companies that offer a “blank cheque” to sponsors to pursue takeovers, providing further evidence of the rehabilitation of a controversial tool that waned in the wake of the financial crisis. The so-called special purpose acquisition companies, or spacs, have raised $4.5bn so far in 2018 — the largest amount for this type of fundraising in the period, according to Dealogic, which began recording the deals in 1995. and hedge fund investor Daniel Loeb launched the two largest such deals in the 2018 crop for these publicly traded buyout vehicles which raise funds for an acquisition within two years.
The nation’s largest banks — such as JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, Goldman Sachs, and Morgan Stanley — have operations around the country. Here are some recent stories reported by The Business Journals and other media outlets.
Billionaire investor Paul Tudor Jones, best known as the founder of Tudor Investment Corp., is seeing one of his other projects gain new prominence thanks to a decision by The Goldman Sachs Group, Inc. ( GS). The big bank will turn Just Capital, Jones' nonprofit foundation, into an exchange-traded fund (ETF). According to Business Insider, the move is part of a push by Goldman toward diversification of its business.