|Bid||254.29 x 100|
|Ask||254.36 x 100|
|Day's Range||254.00 - 255.65|
|52 Week Range||209.62 - 275.31|
|PE Ratio (TTM)||28.28|
|Earnings Date||Jul 17, 2018|
|Forward Dividend & Yield||3.00 (1.17%)|
|1y Target Est||271.96|
Apr.19 -- Goldman Sachs Asset Management's Global Head of Liquidity Solutions Client Business Kathleen Hughes discusses the spike in Libor and corprate investment strategy. She speaks with Bloomberg's Julia Chatterley and Lisa Abramowicz on "Bloomberg Markets."
Apr.18 -- Lloyd Blankfein, head of Goldman Sachs Group Inc., and Jon Gray, heir apparent of Blackstone Group, sat down for lunch last month, just as tensions between their firms were ratcheting up. Bloomberg's Nabila Ahmed reports on "Bloomberg Markets."
It's been a blowout season for the banks, but financials are still negative for the year. A look at what's holding them back, with Jason Goldberg, Barclays.
Stocks pushed higher aggressively on Tuesday, capping a two-week rally that has taken the S&P 500 back above its 50-day moving average in a big way for the first time since early March. Fears over trade wars, a geopolitical standoff in Syria, and the Special Counsel investigation into President Donald Trump and possible ties to Russia have been replaced by enthusiasm for Q1 earnings results. Amazon.com, Inc. (NASDAQ:AMZN) shares are making a move on the $1,500 threshold again, rising above their 50-day and 20-day moving averages to return to levels last seen in late March.
"We believe that the combination of strong developed markets momentum and accelerating emerging markets growth will combine to keep oil demand growth above consensus expectations, with our 2018 year on year forecast at 1.85 million barrels per day (mb/d)," Goldman said in a note dated Thursday. Global oil demand in 2018 has come in line with its optimistic expectations, with the first quarter likely to post the strongest year on year growth since fourth quarter 2010 at 2.55 mb/d, the bank said.
There’s a sense that everything is up for grabs at Goldman Sachs. For years after the financial crisis, the elite investment bank was accused of dragging its feet, not reacting quickly enough to structural forces eating away at its trading business. This week, after another strong set of figures from Goldman’s midtown rival, the gap is down to $3bn.
3M (MMM), a diversified technology company, is expected to report record first quarter revenues in 1Q18. 3M is projected to report 1Q18 revenues of ~$8.25 billion, which represents 7.3% growth on a year-over-year basis.
What to play in the background while you trade derivatives contracts -- a short playlist of recommendations.
No one’s going to deny that Morgan Stanley (NYSE:MS) has recently enjoyed a significant resurgence. More importantly, it beat out rival Goldman Sachs Group Inc (NYSE:GS) by a country mile. If its just-released first quarter results are any indication, Morgan Stanley stock has the right stuff.
Inc. have backed a €2.5 billion ($3.08 billion) restructuring of a decade-old buyout fund managed by Nordic Capital in the largest so-called general partner-led restructuring ever to take place. Around two thirds of the fund’s original investors sold their stakes in the fund to lead investor Coller, one of the largest buyers of second-hand private-equity investments, and the secondaries arm of Goldman Sachs Asset Management, according to a person familiar with the matter. Coller and Goldman paid an 11% premium to the assets’ net asset value.
Former Goldman Sachs chief economist Jim O'Neill - best known for coining the BRICs acronym for the fast-growing economies of Brazil, Russia, India and China - will chair British foreign policy think tank Chatham House. O'Neill chaired Goldman Sachs's asset management arm between 2010 and 2013 at the end of a long career at the investment bank. Prime Minister David Cameron made him a government minister in May 2015, a job he held until September 2016 and in which he promoted trade ties with China and infrastructure investment in northern England.
By Andrew Berlin NEW YORK, April 19 - US food contract manufacturer Hearthside Food Solutions’ leveraged buyout by private equity firms Charlesbank Capital Partners and Partners Group will be backed by ...
Investment and commercial banks (XLF) were expected to benefit from higher trading revenues and lower taxes in 1Q18. All major bankers have beat estimates, reflecting strong operating performance and comfort from lower taxes. Among major bankers, Goldman Sachs (GS) commands a mixed rating outlook, with 10 out of 27 analysts calling for “strong buy or buy” ratings. Fifteen analysts have given “neutral” ratings, and four have assigned “underperform.”
Q1 earnings of Goldman Sachs, JPMorgan, Wells Fargo, Citigroup and Bank of America increased more than $2.5 billion on lower corporate tax rate.
Goldman Sachs’s (GS) Investing and Lending segment posted net revenues of $2.1 billion—growth of 43% from 1Q17 and 26% from 4Q17. The segment benefited from higher interest spreads and credit offtake. Net revenues from lending grew 53% to $1.0 billion, helped by higher net interest income and improved lending. Equity securities revenues stood at $1.1 billion, marking growth of 34%. These revenues found help from gains from private equities on select equities, and they were partially offset by lower gains from listed entities. ...
NEW YORK, April 19, 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 ...
Goldman Sachs (GS) posted revenues of $1.8 billion for Investment Banking segment in 1Q18, up 5% on a YoY (year-over-year) basis and down 16% on a sequential basis. Overall, banks’ (XLF) investment banking segments have seen a sequential decline in fundraising and advisory fees in 1Q18, mainly due to volatile markets and policy changes. However, Goldman outperformed in equity and debt underwriting with YoY growth of 27%, helped by fund raises across structured and traditional debt products, public offerings, and private placements in equities.
Despite a stronger first quarter, most bank analysts expect Goldman Sachs will have to spend more to ramp up its business, while Morgan Stanley is already there —and could produce much greater stock price ...
Morgan Stanley reported record quarterly profits, the last of the big U.S. banks to benefit from a potent cocktail of lower taxes, active markets, lower expenses and economies growing in lockstep.
Adam Dell grew up in Houston, the son of a dentist and a stockbroker. His older brother Michael was a big deal in computing. After a career in venture capital brought him some fame and fortune of his own, ...
The bank posted net revenues of $4.4 billion in 1Q18 for the Institutional Client Services or ICS segment, growth of 85% from 4Q17 and 31% from 1Q17, reflecting a strong rebound from laggard performance in 2H17. The ICS segment’s fixed income, currencies, and commodities trading revenues increased 23% to $2.07 billion, helped by currencies, higher commodity prices, and credit products and partially offset by rates and mortgages. Goldman has taken advantage of higher fluctuations in products outside of equities, and it managed to get an edge over other bankers.
JPMorgan Chase’s (JPM) Corporate and Investment Bank (or CIB) segment managed net revenue of $10.5 billion in 1Q18, higher than its revenues of $9.6 billion in the previous year and $7.5 billion in the previous quarter.
Goldman Sachs (GS) posted its strongest quarterly numbers in three years. The investment banking giant posted earnings per share or EPS of $6.95, compared to estimates of $5.58, helped by lower taxes, a rebound in trading, and debt underwriting. It boosted shareholder payouts, with dividends rising to $0.80 per share and repurchases totaling $800 million.
As investors flocked to stock, bond, commodity and currency markets to adjust their portfolios, Morgan Stanley’s broader institutional securities business reported its best results since 2007. Trading revenue soared 26 percent to $4.4 billion, topping Morgan Stanley’s chief rival, Goldman Sachs Group Inc (GS.N), in dollar terms. "If Morgan Stanley's strategy could be defined simply, it would be that we will do fine when the markets are tough and we would do well when the markets are good," Chief Executive Officer James Gorman said on a call with analysts.