|Bid||197.45 x 900|
|Ask||197.78 x 800|
|Day's Range||196.30 - 199.09|
|52 Week Range||151.70 - 245.08|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||8.22|
|Earnings Date||Jul 15, 2019 - Jul 19, 2019|
|Forward Dividend & Yield||3.40 (1.65%)|
|1y Target Est||229.32|
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.
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
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.
The most immediate concern is for chipmakers that supply Huawei such as Qualcomm, Broadcom and Intel, which saw their shares fall after the White House placed Huawei on a banned entity list and said that US exports would need a special licence from Friday. One technology industry executive said: “This was much broader than we were expecting.
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 ...
Uber Shareholders May Be Shorting Lyft as a Hedge By John Jannarone Many Uber shareholders have been forbidden from selling shares until six months after the IPO. That restriction may have given them an extra reason to bet against rival rideshare operator Lyft. Once Lyft shares began their precipitous slide, it was clear to many […]
Rating Action: Moody's affirms ratings of Goldman Sachs, outlook returned to stable. Global Credit Research- 16 May 2019. New York, May 16, 2019-- Moody's Investors Service has affirmed the ratings of ...
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.
(Reuters) - 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 ...
Goldman Sachs Asset Management said it had scaled back overweight exposure to emerging market currencies and emerging market debt, citing heightened trade tensions. Sentiment steadied somewhat after U.S. President Donald Trump softened his rhetoric over the past two days. After strong early-2019 performance, Goldman Sachs said it had also scaled back overweight exposure to U.S. corporate credit.
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.
In March, activity slipped 0.28%, the third straight decline and worse than the economists’ median estimate for a 0.20% drop. In the first three months, the economy contracted 0.68% compared to the end of 2018, according to the index that is a proxy for gross domestic product. On Wednesday, Goldman Sachs cut its first quarter GDP estimate to -0.1% from 0.2% previously, according to a research note by chief Latin America economist Alberto Ramos.