224.61 -0.34 (-0.15%)
After hours: 6:04PM EDT
|Bid||224.61 x 900|
|Ask||224.89 x 800|
|Day's Range||223.86 - 228.73|
|52 Week Range||210.95 - 275.31|
|Beta (3Y Monthly)||1.31|
|PE Ratio (TTM)||16.41|
|Earnings Date||Jan 16, 2019|
|Forward Dividend & Yield||3.20 (1.40%)|
|1y Target Est||276.26|
FBN’s Charlie Gasparino reports that Goldman Sachs may send junior executives to Saudi Arabia’s Future Investment Initiative conference.
Goldman Sachs CEO David Solomon speaks with CNBC's Wilfred Frost about U.S.-China relations, including trade policies.
Goldman Sachs CEO David Solomon speaks with CNBC's Wilfred Frost about the Federal Reserve and rising interest rates.
Goldman Sachs CEO David Solomon speaks with CNBC's Wilfred Frost about the markets, the U.S. economy and the Federal Reserve, U.S. relations with China and Saudi Arabia and his transition to the CEO role.
The following is the unofficial transcript of a CNBC EXCLUSIVE interview with Goldman Sachs CEO David Solomon and CNBC's Wilfred Frost on CNBC's "Closing Bell" (M-F 3PM – 5PM) today, Thursday, October 18th. SARA EISEN: WITH THAT LET'S SEND IT OVER TO SANTA BARBARA WHERE WILFRED FROST IS LIVE FROM GOLDMAN SACHS BUILDERS AND INNOVATORS SUMMIT. WILFRED FROST: THANK YOU VERY MUCH FOR THAT.
A number of top bankers and business leaders, including the CEOs of JP Morgan Chase & Co, Blackstone Group LP, BlackRock Inc and the chairman of Ford Motor Co, have pulled out of the event in recent days. U.S. Treasury Secretary Steven Mnuchin on Thursday also abandoned plans to attend. In an interview with CNBC, Goldman CEO David Solomon said the bank was not sending any senior executives.
Goldman Sachs Group Inc on Thursday joined the growing list of high-profile businesses snubbing a Saudi investment conference next week amid mounting pressure on Riyad over the disappearance of journalist Jamal Khashoggi. A number of top bankers and business leaders, including the CEOs of JP Morgan Chase & Co, Blackstone Group LP , BlackRock Inc and the chairman of Ford Motor Co , have pulled out of the event in recent days.
WASHINGTON/ISTANBUL, Oct 18 (Reuters) - President Donald Trump said on Thursday he presumes journalist Jamal Khashoggi is dead and that the U.S. response to Saudi Arabia will likely be "very severe" but that he still wanted to get to the bottom of what exactly happened. In Istanbul, Turkish investigators for a second time searched the Saudi consulate where Khashoggi - a U.S. resident and Washington Post columnist who was a strong critic of Crown Prince Mohammed bin Salman - vanished on Oct. 2, seeking clues about an incident that has caused an international outcry.
Goldman Sachs GS CEO David Solomon sat down with CNBC's Wilfred Frost on Thursday in a wide-ranging interview about his transition to the chief executive role, the U.S. economy and the sell-off hitting Wall Street. "When you have a run like that, there's no question that at times markets are going to retrace a little bit," Solomon said, adding: "I always go back to looking at the underlying economy.
"When you look at last week, some of the selling is the result of programmatic selling because as volatility goes up, some of these algorithms force people to sell," Goldman CEO David Solomon said. Goldman Sachs CEO David Solomon said Thursday that he believes part of October's steep stock sell-off was the result of programmatic trading.
Goldman executive Dina Powell, a former advisor to the Trump administration, will not be going to Saudi Arabia's "Davos in the Desert" event. The company made the decision after the disappearance of journalist Jamal Khashoggi. "This incident is unacceptable, and clearly they have to answer questions," Goldman CEO David Solomon told CNBC.
What goes down must come up. In the past few trading sessions, stocks have been digging out of the hole they fell into during last week’s nerve-racking tumble. To a large degree, investors can thank the banks. Today (Oct. 16), Goldman Sachs and Morgan Stanley both comfortably beat analyst expectations, rounding out a bumper crop…
The 13-year-old court battle between Goldman Sachs Group and about 2,300 women may drag on to 2020. According to the New York Post, citing documents filed on Wednesday in Manhattan federal court, Goldman argues that it has the right to force the women to honor their agreements. Last month, a judge cleared the way for the women to join a class-action suit against Goldman Sachs, blaming the bank's brass for systematically denying women opportunities they deserved.
Combined, Goldman Sachs and Novogratz’s Galaxy Digital Ventures contributed about $15 million to BitGo’s Series B fundraising, which brought in a total of $57.5 million, the startup said Thursday. The endorsement from two firms with strong Wall Street roots may help BitGo attract more institutions and wealthy investors as customers. U.S. regulators require large money managers to entrust client assets to a so-called qualified custodian -- often industry pillars such as State Street Corp. and Bank of New York Mellon Corp. But the initial unwillingness of many traditional firms to hold digital currencies, which are notoriously vulnerable to hackers, has kept a lot of major investors out of the market.
The IPO’s top underwriters, which include Nomura Holdings Inc. and Goldman Sachs Group Inc., have given non-binding assurances while they finalize terms of the loan to the Vision Fund, the people said. Deutsche Bank AG, Mizuho Financial Group Inc. and Sumitomo Mitsui Financial Group Inc. were also among banks chosen to lead SoftBank’s wireless unit IPO, Bloomberg News reported last week.
The big financial institutions earned some decent share price bumps with their latest quarterly reports, but their valuations still look relatively cheap.
Shares of Goldman Shares (NYSE:GS) are finally getting their mojo back after an unrelenting sell off. GS stock had reached bear market territory, falling over 20% from the $275 area in mid-March to nearly $210 last week. Goldman has since rebounded sharply following yet another solid earnings report and continued hawkish talk from the Fed on interest rates.
At Morgan Stanley, bankers are keen to give you bridge financing so you can bid for your mansion in cash. Beyond the billions in trading gains and deal fees, the Wall Street firms’ profit reports this week showed they’re increasingly rushing into the booming market for lending to high-net-worth individuals. Forced into becoming bank holding companies by the financial crisis, the firms have embraced the lending business in recent years.
Michael Grimes has a bigger prize in mind. Mr. Grimes, Morgan Stanley’s top technology banker, has moonlighted for years as a driver for the ride-hailing service, according to people familiar with the matter. Valuing the nine-year-old company at as much as $120 billion, an Uber IPO would reward investment bankers with tens of millions of dollars in fees and equally valuable bragging rights.
Investing.com - The S&P 500 closed flat on Wednesday as the Federal Reserve's minutes pointed to further monetary tightening, while a slump in oil prices pressured energy stocks.