|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||230.45 - 233.29|
|52 Week Range||214.64 - 275.31|
|PE Ratio (TTM)||18.60|
|Earnings Date||Oct 16, 2018|
|Forward Dividend & Yield||3.20 (1.35%)|
|1y Target Est||276.23|
Aug.16 -- Goldman Sachs Group Inc. made millions of dollars helping Elon Musk bring Tesla Inc. to the public market. Now, it could stand to make even more advising the electric-car maker’s CEO on how to reverse that decision. Bloomberg's Sridhar Natarajan has more on "What'd You Miss?"
CNBC's Leslie Picker reports on Goldman Sachs switching Tesla to "not rated" as the bank says for the first time on the record that it's acting as an advisor to Elon Musk on potentially taking Tesla private and cannot provide any price targets.
FT premium subscribers can click here to receive Due Diligence every day by email. Christopher Rollins, a 16-year Goldman veteran, claimed in the suit that he was fired in 2017 as part of an effort to avoid a compliance scandal stemming from trades connected to a “notorious European businessman” who wooed senior bankers on his superyacht. on the allegations, Goldman said Rollins was dismissed for unauthorised trading on behalf of a restricted party and that the case was without merit.
Goldman Sachs Group Inc. made millions of dollars helping Elon Musk bring Tesla Inc. to the public market. Now, it could stand to make even more advising the electric-car maker’s CEO on how to reverse ...
Investing in Citigroup Stock: Do Investors Think It Makes Sense? Citigroup (C) could be an intriguing choice for investors right now, according to Wall Street ratings. As of August 16, 20 of the 28 analysts covering Citigroup stock have recommended a “strong buy” or “buy” recommendation.
As he attempts to lead Tesla Inc.’s potential exodus from the public market, Elon Musk has turned for help to the very bank that’s always had his back. It should come as no surprise that when Musk tweeted late Monday he was “excited to work with” advisers on his plan to take Tesla private, the first name he mentioned was Goldman Sachs Group Inc. While Musk may be fed up with being CEO of a public company, he’s still keen to stay close to the establishment by showing favor for a Wall Street giant. If getting a role on what could be Tesla’s biggest deal yet was the goal, then Goldman Sachs made all the right moves.
Goldman Sachs Group Inc. ( GS) confirmed it has taken on a financial advisory role in helping Tesla Inc. ( TSLA) evaluate a potential go-private transaction, disclosing in a research note that it has stopped covering the green car maker. In the research note, which was covered by MarketWatch, Goldman Sachs didn’t say what its role in the potential deal will be, saying only it is acting as an advisor “in connection with a matter that is fundamental to the reasonable analysis of the rating and price target for this stock.” The Wall Street firm said it will maintain a not-rated status on Tesla until “sufficient information is available, and/or contingencies appear resolved, to allow such analysis,” reported MarketWatch.
The dreaded sovereign-bank “doom loop” in Europe may have weakened. Thanks to political risks and regulatory changes, Italian lenders may be reluctant to snap up domestic government bonds during market stresses -- a potentially huge structural shift in demand in the euro area’s second-most indebted nation. Goldman Sachs Group Inc. casts doubt on whether such institutions can go on serving as dutiful marginal buyers, a bid that’s historically stabilized a market seen as Europe’s Achilles’ heel.
Goldman Sachs agreed to act as prime broker to a fund linked to Lars Windhorst, the European financier in the spotlight after a whistleblower complaint against the US investment bank. last week, Christopher Rollins, a managing director and 16-year Goldman veteran, claimed he was fired in 2017 as part of an effort to avoid a compliance scandal stemming from multiple trades connected to a “notorious European businessman”. Mr Rollins was fired from Goldman after several trades linked to Mr Windhorst failed to settle in August 2016, leaving the bank facing an $85m exposure.
The U.S. Securities and Exchange Commission has sent subpoenas to Tesla Inc regarding Chief Executive Elon Musk's plan to take the company private and his statement that funding was "secured," Fox Business Network reported on Wednesday, citing sources. The electric carmaker's shares fell as much as 4 percent but cut their losses after Goldman Sachs Group Inc said it was dropping equity coverage of Tesla because it is acting as a financial adviser on a matter related to the automaker. Investors viewed the Goldman statement as confirming a tweet from Elon Musk on Monday about working with Goldman, even as the reported subpoenas indicated the SEC has opened a formal investigation into a matter.
Heard it again yesterday. I couldn't believe it. A conversation among reasonable people about how the bull is on its last legs. A few minutes later, I hear that Warren Buffett has bought more Apple , and, astoundingly, has actually purchased 2.
Warren Buffett, chairman and CEO of Berkshire Hathaway (BRK.B, $205.83), wasn't kidding when he said he couldn't get enough bites of Apple's (AAPL) stock. The Oracle of Omaha added to Berkshire Hathaway's already hefty stake in the iPhone maker during the three months ended June 30. Apple has since gone on to become the first U.S. company to top $1 trillion in market value. Buffett has made his ardor for Apple well-known, but the world's greatest value investor made a number of other noteworthy moves in the second quarter, according to a new 13F regulatory filing. (Large investors such as Berkshire are required to disclose their holdings to the Securities and Exchange Commission every three months.) The big picture remains the same. Buffett is, as always, bullish. In total, Berkshire spent $6.1 billion on stocks in the second quarter. And since it can be instructive to see what Buffett has been up to, we took a closer look at what Berkshire has been buying and selling. Keep in mind that bigger investments are thought to be made by Warren Buffett himself, while smaller positions are believed to be handled by lieutenants Ted Weschler and Todd Combs. With that caveat in mind, here are the most notable recent changes to Berkshire Hathaway's stock holdings. SEE ALSO: 20 Dividend Stocks to Fund 20 Years of Retirement
, making it the first time Constellation has officially announced the names of the high-profile banks. Bank of America has committed to provide the credit facility for Constellation Brands to purchase roughly $4 billion in Canopy Growth stock to bring Constellation's stake in the company up to 38%. "The fact that Bank of America is providing the financing for the transaction provides another level of validation for the industry in general," said Paul Rosen, CEO of Tidal Royalty and co-founder and ex-CEO of cannabis company Cronos Group.
One of the most hotly anticipated 13F filings each quarter is the report from billionaire investment guru Warren Buffett and Berkshire Hathaway. Buffett has long been seen as an investment icon, and his company's stellar performance year after year only helps to cement this status. One of the very most important stakes in the Berkshire portfolio is surely Apple Inc. ( AAPL).
Warren Buffett has for years been looked at as an investment icon, while maintaining a relatively simple mantra. Buffett and Berkshire Hathaway (BRK.B) have long tried to invest in companies that both the Oracle of Omaha and the conglomerate understand. This sounds easy enough, but what are some of Buffett's most recent investments?
Investing.com - Wall Street opened lower Wednesday on concerns about retail earnings and global market weakness.
“We remain conﬁdent in the trajectory of the consumer recovery, as drivers of spending remain solid,” suggests Goldman Sachs consumer analyst Matthew Fassler. At least in Goldman Sachs’ opinion, it’s full speed ahead when it comes to consumer stocks. Goldman Sachs has offered investors 7 consumer stocks, but I’d like to provide alternatives.
The owners of one of Nashville's largest office buildings are taking steps toward offering their downtown tower for sale. The 27-story building bears the name of First Tennessee Bank (NYSE: FHN), and also features tenants such as Warner Music Group and law firm Waller Lansden Dortch & Davis. There's potential to develop a high-rise on top of the tower's parking garage.
Venus MedTech, a Chinese developer of heart valve replacements backed by Goldman Sachs Group Inc., is considering a Hong Kong initial public offering, people with knowledge of the matter said. Venus, based in the eastern Chinese city of Hangzhou, is weighing a plan to sell shares as soon as early next year, according to the people. The medical device maker could seek to raise about $300 million to $500 million, the people said, asking not to be identified because the information is private.
A federal judge on Tuesday said Goldman Sachs Group Inc (GS.N) shareholders may again pursue class-action claims that the bank concealed conflicts of interest when creating risky subprime securities before the 2008 financial crisis. U.S. District Judge Paul Crotty in Manhattan said shareholders could sue as a group because Goldman had not shown it more likely than not that its alleged misstatements had no impact on its stock price. Goldman spokesman Michael DuVally declined to comment.
A federal judge on Tuesday said Goldman Sachs Group Inc shareholders may again pursue class-action claims that the bank concealed conflicts of interest when creating risky subprime securities before the 2008 financial crisis. U.S. District Judge Paul Crotty in Manhattan said shareholders could sue as a group because Goldman had not shown it more likely than not that its alleged misstatements had no impact on its stock price. Goldman spokesman Michael DuVally declined to comment.