GS - The Goldman Sachs Group, Inc.
206.80 +0.34 (0.16%)
After hours: 7:56PM EDT
| Previous Close | 205.82 |
| Open | 202.00 |
| Bid | 206.50 x 800 |
| Ask | 206.89 x 1300 |
| Day's Range | 198.61 - 208.24 |
| 52 Week Range | 151.70 - 234.06 |
| Volume | 8,215,209 |
| Avg. Volume | 2,315,552 |
| Market Cap | 74.236B |
| Beta (3Y Monthly) | 1.34 |
| PE Ratio (TTM) | 8.65 |
| EPS (TTM) | 23.86 |
| Earnings Date | Jan 14, 2020 - Jan 20, 2020 |
| Forward Dividend & Yield | 5.00 (2.43%) |
| Ex-Dividend Date | 2019-08-29 |
| 1y Target Est | 234.95 |
- Yahoo Finance Video
What bank earnings tell us about the economy
JPMorgan beat earnings and revenue expectations. In other news, Citigroup, Goldman Sachs and Wells Fargo posted mixed results. Yahoo Finance’s Zack Guzman and Heidi Chung discuss with JMP Securities Managing Director and Equity Research Analyst Devin Ryan on YFi PM.
- Yahoo Finance Video
Big banks kick off earnings
Big banks kicked off earnings season Tuesday. JPMorgan and Citibank both beat expectations on the top and bottom lines, while Goldman Sachs and Wells Fargo missed estimates. Alex.Fyi CEO Ramsey Smith and Albion Financial Group Partner Jason Ware, joined Yahoo Finance's On The Move to discuss.
- Thomson Reuters StreetEvents
Edited Transcript of GS earnings conference call or presentation 15-Oct-19 3:00pm GMT
Q3 2019 Goldman Sachs Group Inc Earnings Call
- GuruFocus.com
US Indexes Close Higher Tuesday With 3rd-Quarter Earnings Kickoff
Health care and financials lead gains in the S&P; 500 Continue reading...
- MarketWatch
Goldman loses its Wall Street luster as earnings disappoint, UnitedHealth’s stock soars to record price gain
The kick-off of earnings season Tuesday was a tale of both winners and losers on Wall Street as a number of blue-chip companies reported both profit and revenue that beat expectations, while a couple notable banks fell surprisingly short.
- Bloomberg
Fidelity Joined by Florida Pension Fund in Examining Fisher
(Bloomberg) -- Billionaire money manager Ken Fisher is facing more pressure from clients following offensive remarks he made at an industry conference.Fidelity Investments and the state of Florida pension fund said Tuesday they’re examining their relationship with Fisher Investments. The Philadelphia Board of Pensions said it plans to divest the $54 million in assets held with the firm.“We are very concerned about the highly inappropriate comments by Kenneth Fisher,” a Fidelity spokesman said in a statement. “We do not tolerate these types of comments at our company and Fidelity Strategic Advisers is reviewing this relationship.”Fisher Investments manages about $500 million for Fidelity Strategic Advisers, which oversees managed accounts. Fisher is listed as a subadviser for Fidelity Strategic Advisers Small-Mid Cap Fund.Fisher Investments is also a sub-adviser on a Goldman Sachs Group Inc. equity fund that had about $675 million in assets at the end of April. The firm has not made any decision on changing its relationship with Fisher, according to a spokesman for the bank.The Florida State Board of Administration, which has about $175 million with Fisher, was concerned enough about the executive’s comments to begin an investigation to determine if it will drop the firm, spokesman John Kuczwanski said in an interview.“SBA policies require our employees and service providers to foster positive business and personal practices designed to ensure that everyone is treated with respect and dignity,” Kuczwanski said in a statement Tuesday.A spokesman for the Philadelphia funds said the decision to divest was made to “protect the assets of the fund from the consequences of Mr. Fisher’s inappropriate comments.” The decision was made on Oct. 10.Michigan’s MoveLast week, the State of Michigan Retirement Fund’s pension account ended its relationship with Fisher’s firm, which managed $600 million for the state.At the event last week, Fisher spoke about how he built his company, which manages $112 billion. He compared the process of gaining a client’s trust to “trying to get into a girl’s pants” and talked about genitalia. Fisher has apologized for the comments.Fidelity came under media scrutiny two years ago after it dismissed a prominent stock picker who had been accused of sexual harassment by a junior female employee. Chief Executive Officer Abby Johnson set out to improve the gender mix at her firm by recruiting more women and tapping talent from within.Reuters earlier reported the Fidelity news.(Adds Goldman comment in fifth paragraph)\--With assistance from Sridhar Natarajan.To contact the reporters on this story: Michael McDonald in Boston at mmcdonald10@bloomberg.net;Miles Weiss in Washington at mweiss@bloomberg.net;Janet Lorin in New York at jlorin@bloomberg.netTo contact the editors responsible for this story: Alan Mirabella at amirabella@bloomberg.net, Vincent BielskiFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Yahoo Finance
Stock market news: October 15, 2019
Stocks rose Tuesday as some of the first major corporate names began delivering third-quarter results. Meanwhile, investors continued to monitor signs that President Donald Trump’s “phase one” trade deal with China would materialize.
- Zacks
JNJ, JP Morgan and UnitedHealth all Beat, Goldman Sachs Misses
JNJ, JP Morgan and UnitedHealth all Beat, Goldman Sachs Misses
- Bloomberg
SoftBank-Backed Compass Tells Employees: We’re Not WeWork
(Bloomberg) -- WeWork’s calamitous effort to take itself public has raised red flags for other SoftBank-backed real estate startups -- and led an executive at the brokerage Compass to send its employees an eight-point memo highlighting differences between the two firms.Compass, like WeWork, has relied heavily on funding from SoftBank Group Corp.’s Vision Fund. The brokerage has become a major player in high-end markets like Manhattan and San Francisco, though some real estate experts say it is more like a traditional brokerage than a tech-industry disrupter.Unlike WeWork, Compass has no debt and is valued at a revenue multiple comparable to publicly traded real estate technology companies, according Chief Financial Officer Kristen Ankerbrandt.“Over the past few weeks we have seen comparisons being drawn between Compass and WeWork simply because we share a single investor,” Ankerbrandt wrote to employees last week in an email obtained by Bloomberg. “To be clear, our businesses are quite different -- in terms of our business model, capital structure, customers, culture and investments.”Ankerbrandt also boasted of Compass’s deep roster of investors, including Qatar Investment Authority and Dragoneer Investment Group; a 425-member tech team building tools to differentiate Compass from other brokerages; and a frugal leadership team that “books coach tickets and does not fly on private jets.”In December 2017, the Vision Fund agreed to invest $450 million in Compass, touted at the time as the largest real estate technology investment in U.S. history. The Vision Fund also participated in subsequent raises, including a $370 million round announced in July that valued the brokerage at $6.4 billion. At the time, the company said it would use the money to continue building a software platform to streamline the process of buying and selling homes. Compass, led by former Goldman Sachs Group Inc. banker Robert Reffkin, has used that capital to acquire competing brokerages and build technology intended to help agents stand out from its rivals.Representatives for Compass and the Vision Fund declined to comment.(Updates with plans for money raised in sixth paragraph. A previous version of this story added the dropped word million.)To contact the reporter on this story: Patrick Clark in New York at pclark55@bloomberg.netTo contact the editors responsible for this story: Craig Giammona at cgiammona@bloomberg.net, Christine MaurusFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Big Bank & Healthcare Earnings, Netflix Q3 Preview & Buy Lululemon Stock - Free Lunch
Breaking down some of Tuesday's major Q3 earnings results from giants such as JPMorgan Chase and UnitedHealth. A look at what to expect from Netflix's third quarter financials Wednesday. And why Lululemon is a Zacks Rank 1 (Strong Buy) stock...
- Barrons.com
JPMorgan Chase and Other Big Bank Stocks Gain as Investors Flock Back to the Sector
JPMorgan hit a record high after generating $2.68 a share in third-quarter profits, up 15% from the year-earlier period and above the consensus estimate of $2.45.
- Zacks
Goldman Sachs (GS) Q3 Earnings and Revenues Lag Estimates
Goldman (GS) delivered earnings and revenue surprises of -4.77% and -2.66%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
- Investor's Business Daily
JPMorgan Earnings Top, Goldman Misses; Citigroup, Wells Fargo Mixed
JPMorgan earnings easily beat Q3 views, while Goldman Sachs earnings missed. Citigroup and Wells Fargo earnings were mixed. JPMorgan stock and Citigroup stock rose into a buy zone.
- Benzinga
A Look At Benzinga Pro's Most-Searched Tickers For October 15, 2019
This most-searched list is a feature included in Benzinga Pro's Newsfeed tool. It highlights stocks frequently searched by Benzinga Pro users on the platform. Synthesis Energy Systems (NASDAQ: SES ) shares ...
- Barrons.com
Goldman Sachs Stock Is Slipping After Earnings. Here’s the Good News.
Goldman Sachs’ third-quarter results weren’t great, but for investors worried about the health of the global financial system, there was plenty to be optimistic about.
- Quartz
The tech unicorn hangover is giving Wall Street a headache
Goldman Sachs' hit from its Uber stake shows that the pain from investing binges is never isolated.
- Reuters
Big banks say U.S. consumers sturdy as businesses quiver with growth fears
Quarterly results from four of the largest U.S. banks on Tuesday showed that American consumers are helping to prop up the economy, even as recession fears have led businesses to pull back on spending and borrowing. JPMorgan Chase & Co posted strength across all but one of its segments, and executives offered optimistic comments about the financial health of individuals. Citigroup beat estimates thanks to its global consumer business.
- Barrons.com
Goldman Sachs Took an Earnings Hit From Its Uber and WeWork Investments
Goldman Sachs was stung by equity investments in Uber Technologies, WeWork, and other companies during the third quarter, underscoring the risk of the firm’s opaque business of making principal investments.
- Market Realist
Goldman Sachs: Higher Provisions Hurt Its Q3 Earnings
Lower revenues dragged Goldman Sachs's third-quarter earnings down. The company's earnings missed analysts' estimates and fell 24% YoY.
- Zacks
First Republic (FRC) Q3 Earnings Beat Estimates, Costs Rise
First Republic (FRC) records higher revenues and loan growth in the third quarter of 2019.
- Zacks
Citigroup's (C) Q3 Earnings Beat Estimates, Expenses Rise
Decent lending activity, relatively higher interest rates and weak investment banking performance support Citigroup's (C) Q3 earnings. However, higher costs of credit and expenses act as headwinds.
- Yahoo Finance
Apple, Goldman Sachs, PG&E, Tesla, Harley-Davidson, Saks: Companies to Watch
Apple, Goldman Sachs, PG&E, Tesla, Harley-Davidson and Saks are the companies to watch.
- MarketWatch
J.P. Morgan Chase sees 'strong' IPO market, but Goldman sees 'significant decline'
The performance of the initial public offering market appears to be in the eye of the beholder, as J.P. Morgan Chase & Co. said Tuesday the IPO market was "strong" during the third quarter, while Goldman Sachs Group Inc. said it has seen a "significant decline." J.P. Morgan said equity underwriting income rose 22% from a year ago to $514 million, with Chief Financial Officer Jennifer Piepszak saying on the post-earnings conference call that growth was driven by "strong performance in IPOs and convertibles," as the bank ranked "number one in wallet share for overall and IPOs." Meanwhile, Goldman said equity underwriting revenue fell 11% to $385 million, citing "a significant decline in industry-wide public offerings." J.P. Morgan's stock rallied 1.7% in morning trading, while Goldman shares shed 3.3%. Year to date, shares of J.P. Morgan have rallied 21% and Goldman has hiked up 19%, while the Dow has gained 15%.
