GS - The Goldman Sachs Group, Inc.
229.02 +0.13 (0.06%)
Pre-Market: 8:15AM EDT
| Previous Close | 227.89 |
| Open | 228.35 |
| Bid | 227.01 x 800 |
| Ask | 230.00 x 1200 |
| Day's Range | 226.57 - 229.40 |
| 52 Week Range | 218.89 - 275.31 |
| Volume | 2,498,063 |
| Avg. Volume | 2,743,914 |
| Market Cap | 86.419B |
| Beta | 1.36 |
| PE Ratio (TTM) | 18.27 |
| EPS (TTM) | 12.52 |
| Earnings Date | Oct 16, 2018 |
| Forward Dividend & Yield | 3.20 (1.40%) |
| Ex-Dividend Date | 2018-08-29 |
| 1y Target Est | 276.23 |
Market Realist•20 minutes agoJPMorgan Enhances Shareholder Wealth with 43% Dividend Hike
As part of its capital return plan, JPMorgan Chase (JPM), the largest US bank, has declared a massive 43% rise in its quarterly cash dividend. The bank will pay the dividend on October 31 to shareholders of record as of October 5. Based on yesterday’s closing price of $114.30 per share, the dividend yield is 2.8%, which is the second-highest among the top five US banks based on market capitalization.
- Zacks•1 hour ago
Goldman's Asset Management Unit Buys Turkey & Argentina Debt
Goldman (GS) feels that the emerging markets of Turkey and Argentina are profitable despite ongoing trade tensions.
- Bloomberg•2 hours ago
Goldman, Clifford Chance Hail Hong Kong Same-Sex Visa Decision
Banks and law firms including Goldman Sachs Group Inc. and Clifford Chance LLP lauded the Hong Kong government’s decision to recognize people who entered into same-sex partnerships overseas when granting dependent visas. Hong Kong’s administration said Tuesday that it had decided to accept applications for same-sex visas from foreign couples from Wednesday after reviewing a July 4 court ruling in favor of a British lesbian, known as QT, who applied for a visa to reside in the city with her same-sex spouse. The decision puts Hong Kong at the forefront of a movement for gay rights in Asia, where only Taiwan is in the process of formally recognizing same-sex marriage.
- Bloomberg•13 hours ago
Goldman Fund Buys Turkey, Argentina Debt, Says Rout Overdone
Goldman Sachs Asset Management is buying Turkish and Argentinian government debt as it bets on the worst-performing emerging markets to offer some of the more profitable bond trades this year. The money manager has taken an overweight position in the two nations’ dollar bonds, according to Philip Moffitt, Asia-Pacific head of fixed income at Goldman Sachs Asset Management. The rationale: these notes have been “decimated” by investors fleeing a rout in emerging markets even though the two nations’ finances remain robust.
- Investopedia•16 hours ago
Goldman Launches Smart Beta ETFs at Discount Prices
In hindsight, it appears that The Goldman Sachs Group, Inc. ( GS) was biding its time and waiting to enter the exchange-traded fund (ETF) game with a winning set of offerings. The big bank and asset manager began to explore the exchange-traded note (ETN) space back in 2007, and it was only in 2015 that Goldman began its first ETF. This product – the Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF ( GSLC) – has gone on to see tremendous success.
- Market Exclusive•yesterday
Market Morning: Trump Tariff Tantrum, Buybacks Booming, Moon to Pyongyang, Cannabis Coke
Trump Adds $267B Tariff Insult to $200B Tariff Injury Not only will the Trump Administration slap tariffs on $200 billion in Chinese goods by next week, or so is being announced on every scrap of financial media this morning, but the tariff rate will be doubled in 2019. This puts the total amount of goods […] The post Market Morning: Trump Tariff Tantrum, Buybacks Booming, Moon to Pyongyang, Cannabis Coke appeared first on Market Exclusive.
Reuters•yesterdaySouth African fintech JUMO to expand in Asia with Goldman Sachs backing
JOHANNESBURG (Reuters) - South Africa-based financial technology firm JUMO plans to expand in high-growth Asian markets after securing the backing of Goldman Sachs (GS.N) in an equity funding round, the ...
Reuters•yesterdaySouth African fintech JUMO to expand in Asia with Goldman Sachs backing
South Africa-based financial technology firm JUMO plans to expand in high-growth Asian markets after securing the backing of Goldman Sachs in an equity funding round, the company's chief executive said. ...
InvestorPlace•yesterdayBuying Bank of America Stock: 3 Pros and 3 Cons
There are a few reasons to consider going long Bank of America (NYSE:BAC) now. Bank of America stock, JPMorgan Chase (NYSE:JPM), Goldman Sachs (NYSE:GS) and others are all high-quality names with low valuations. As a result, there are a few pros and cons to owning Bank of America stock right now.
- The Wall Street Journal•2 days ago
[$$] Goldman’s J. Aron Era Ends With David Solomon’s Rise
When Goldman Sachs Group Inc. purchased commodities brokerage J. Aron & Co. 37 years ago, it acquired a bloodline of executives that would come to dominate the firm’s upper reaches for years. Lloyd Blankfein, who joined J. Aron as a gold salesman in 1982 and became Goldman’s chief executive in 2006, is retiring on Oct. 1. The cadre of J. Aron alumni he elevated as he rose—Gary Cohn, Harvey Schwartz, Isabelle Ealet, Edith Cooper and others—is mostly gone.
- Reuters•2 days ago
'Who broke the law?' Cohn says in defending Wall Street's role in crisis
Gary Cohn, the former economic adviser to U.S. President Donald Trump, gave a ringing endorsement of Wall Street bankers on Monday, arguing that borrowers were just as responsible for the 2007-2009 financial crisis as lenders and ridiculing rules intended to make the system stronger in its aftermath. In a wide-ranging conversation at an event hosted by Reuters Breakingviews that was pegged to the 10-year anniversary of Lehman Brothers’ collapse, Cohn’s comments mostly tracked the sentiment of Wall Street bankers and other wealthy Americans who have felt unfairly maligned for the mortgage market’s collapse and the economic downturn that ensued. Once the No. 2 executive at Goldman Sachs Group Inc (GS.N), Cohn argued that no top bankers should have gone to jail for their role in the crisis because they did not necessarily do anything illegal, despite what populist movements like Occupy Wall Street have demanded.
- CNBC•2 days ago
Gary Cohn: Jamie Dimon would make a 'phenomenal president'
"I think Jamie [Dimon] would make a phenomenal president. Cohn's comments came less than a week after the J.P. Morgan Chase chief said he could beat Trump in a head-to-head election. The former Goldman Sachs executive announced his resignation as Director of the National Economic Council in March.
- Reuters•2 days ago
Cohn says 'too big to fail' banks got bigger through post-crisis U.S. rules
Regulations implemented since the 2007-2009 financial crisis have only made the biggest U.S. banks bigger and hurt competition in the industry, Gary Cohn, the former director of the U.S. National Economic ...
- InvestorPlace•2 days ago
NIO Stock Soars on Second Day of Trading, But Investors Should Be Wary
When Chinese electric-vehicle maker NIO (NYSE:NIO) launched its IPO on Wednesday, NIO did not look so inspiring. The company priced its stock at $6.26, which was on the low-end of the $6.25-$8.25 range. NIO IPO raised about $1 billion, but NIO wanted to raise $2 billion-$3 billion. The first-day performance of NIO was also muted. Note that the shares rose only about 5.4%. The underwriters on the deal included Morgan Stanley (NYSE:MS), Goldman Sachs (NYSE:GS) and JP Morgan (NYSE:JPM).
- Market Realist•2 days ago
RBC Also Lowers Rating for Western Digital
In this series, we have seen how several investment banks including Goldman Sachs (GS) and Evercore ISI are concerned that the declining demand in memory chips could impact semiconductor stocks this year.
Reuters•2 days agoGoldman names Tim O'Neill as vice-chairman: memo
The appointment on Monday comes four days after Stephen Scherr was named as the bank's chief financial officer. O'Neill, who joined Goldman in 1985 and became a partner in 1990, most recently was the co-head of the bank's investment management division.
Reuters•2 days agoGoldman names Tim O'Neill as vice-chairman: memo
The appointment on Monday comes four days after Stephen Scherr was named as the bank's chief financial officer. O'Neill, who joined Goldman in 1985 and became a partner in 1990, most recently was the co-head of the bank's investment management division.
- Market Realist•2 days ago
What’s Evercore’s Semiconductor Outlook?
In the previous part of this series, we looked at how Goldman Sachs’s (GS) concerns weighed on stocks last week. In early September 2018, investment firm Evercore ISI downgraded several semiconductor stocks. Evercore is one of the top research firms covering semiconductor stocks.
American City Business Journals•2 days agoElite investors, Goldman Sachs fund luxury Gulch hotel project
Construction is imminent on a luxury hotel in Nashville's Gulch, now that full financing is in place. A group of high-powered real estate investors has corralled all the money necessary to build a 14-story W Hotel, with 346 rooms. Newly filed public records show that Goldman Sachs (NYSE: GS) loaned $114 million for construction.
Yahoo Finance•4 days agoFormer Bear Stearns CEO: Lessons from the financial crisis 10 years later
Ten years past the financial crisis, former Bear Stearns CEO Alan Schwartz has been asked often about the most important lessons learned from that period.
- Bloomberg•5 days ago
Goldman’s Bankers Are Coming Back
Goldman Sachs Group Inc.’s incoming chief executive officer, David Solomon, has been picking his senior executive team, and it is hard not to notice that they are investment bankers. This marks a change from Lloyd Blankfein’s leadership team, who tended to come from sales and trading. “Goldman Sachs Group Inc.’s investment bankers are completing a takeover of their own firm,” writes Bloomberg’s Sridhar Natarajan.
- InvestorPlace•5 days ago
Does the iPhone XS Really Move Apple Stock Closer to $400?
Apple (NASDAQ:AAPL) launched its newest batch of iPhones on Sept. 12. The special event pushed Apple stock higher in the next day’s trading. With that said, a $400 share price in AAPL stock within the next three years is a shoe-in, right?
- Investing.com•5 days ago
Cryptocurrencies Rise, Ethereum Surges 12%
Investing.com – Cryptocurrencies rose on Friday morning in Asia, as initial coin offering (ICO) projects sold three times more Ethereum in the past 10 days than in August.
- Reuters•5 days ago
PRESS DIGEST- New York Times business news - Sept 14
The following are the top stories on the New York Times business pages. - Jim Nelson, the editor in chief of men's magazine GQ, will leave the publication at the end of the year and turn it over to Will Welch, GQ's creative director and the editor of its quarterly fashion-focused spinoff, GQ Style. - Goldman Sachs Group Inc on Thursday named Stephen Scherr as its new chief financial officer.
- The Wall Street Journal•5 days ago
[$$] Goldman Sachs’ Next CEO Names New Finance Chief, President
Goldman Sachs Group Inc.’s incoming chief executive is installing investment bankers in the Wall Street firm’s senior-most roles, capping a power shift away from a trading business that has struggled to make money since the financial crisis. David Solomon, who takes over as Goldman’s CEO on Oct. 1, on Thursday tapped as his deputy John Waldron, who will be the firm’s president and chief operating officer. Stephen Scherr will take over as financial chief, succeeding Martin Chavez, who has been in the job just over a year, the company said.
