|Bid||0.00 x 1100|
|Ask||0.00 x 900|
|Day's Range||228.98 - 231.99|
|52 Week Range||214.64 - 275.31|
|PE Ratio (TTM)||21.70|
|Earnings Date||Oct 16, 2018|
|Forward Dividend & Yield||3.20 (1.40%)|
|1y Target Est||276.18|
For years, Goldman Sachs Group Inc. rarely hired from the outside, guarding its culture with an insularity that, to rivals, bordered on arrogance. Not anymore: Goldman has brought in 15 outsiders at the elite rank of partner over the past year, the biggest influx of senior executives in two decades. More are expected as the firm plugs weak spots in its network of investment bankers, builds out new businesses in consumer and commercial banking and replenishes trading ranks depleted by the postcrisis lull.
U.S. prosecutors negotiating a possible deal with a former Goldman Sachs Group Inc. executive are pressing for information about whether the bank turned a blind eye to the plunder of a Malaysian investment fund, according to a person familiar with the matter. If they reach a plea agreement with Tim Leissner, the Goldman banker who arranged the fund’s bond offerings, he would become a key witness against his superiors at the bank, said the person, who asked not to be identified because the matter isn’t public. The U.S. Justice Department hasn’t brought any criminal charges in the running scandal over more than $4 billion said to have been looted from 1Malaysia Development Bhd., or 1MDB, under the watch of then-Prime Minister Najib Razak.
The Financial Select SPDR (NYSEARCA:XLF) has broken above its 200-day moving average for the first time since May. The S&P Capital Markets ETF (NYSEARCA:KCE) has jumped over its 50-day moving average, setting up a run at its year-to-date highs. Goldman Sachs (NYSE:GS) shares are testing above their 50-day moving average, threatening to end a persistent downtrend going back to March that resulted in a peak-to-trough decline of 20%. The company reported better-than-expected results this week, driven by an 18.2% rise in investment banking revenue.
Morgan Stanley and Goldman Sachs Group Inc. declared themselves as the No. 1 adviser on mergers and acquisitions in their quarterly results this week. Bloomberg's Lisa Abramowicz reports on "Bloomberg ...
Over the last few weeks Intel (NASDAQ:INTC), Papa John’s (NASDAQ:PZZA) and Texas Instruments (NYSE:TXN) have all gotten rid of their high-priced CEOs, but their stocks have barely budged. Brian Krzanich of Intel and Brian Crutcher of Texas Instruments were both let go for violating their employers’ codes of conduct. Krzanich had an affair with an employee.
LONDON, UK / ACCESSWIRE / July 19, 2018 / If you want access to our free earnings report on The Goldman Sachs Group, Inc. (GS), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=GS. The Company posted its financial results on July 17, 2018, for the second quarter of the fiscal year 2018 (Q2 FY18).
reported earnings that showed the bank benefiting from increased trading revenue and tax benefits. Morgan Stanley was also no slouch in M&A where they continued to be one of the leaders in the bulge bracket. Morgan Stanley advised or providing financing on 142 deals in H1 according to data from The Deal, just behind Goldman's 162.
Given that we created the name "FANG" five years ago, it does grate on me that we've become endless devotees as they have grown more and more expensive, something that happens when your stock goes up and up and up without any news.
Goldman Sachs financed and advised 162 deals in the first half of 2018, according to fresh data from TheStreet's sister publication The Deal.
Following is the unofficial transcript of a CNBC EXCLUSIVE interview with Edgar Wachenheim III, Greenhaven Associates Founder, Chief Executive Officer and Chairman, live from the CNBC Institutional Investor Delivering Alpha Conference in New York City on Wednesday, July 18th. JIM CRAMER: Thank you so much, Ed, for coming on. JIM CRAMER: Okay.
Morgan Stanley (MS) revealed strong quarterly earnings, partly due to a rise in trading over a tumultuous year. Morgan Stanley saw second quarter earnings jump 39% year-over-year. Despite the escalating global tensions and ongoing trade war concerns, investment fnds and corporations have not scaled back demand for Morgan Stanley's services to trade securities, advise on deals and arrange financing.
(Reuters) - Morgan Stanley's (MS.N) better-than-expected results on Wednesday capped a strong second-quarter earnings season for large U.S. banks. The U.S. banking industry has benefited from a cut in ...
The price of bitcoin rose sharply on July 18, giving hope that the bear market in cryptocurrency may be ending. By way of comparison, the 5% move in Netflix (NASDAQ:NFLX) after its disappointing second quarter report on July 17 came on volume of 10.34 million shares, meaning 2.34% of the float traded. Netflix has a market cap of about $165 billion.
NEW YORK (Reuters) - Goldman Sachs analysts said on Wednesday the U.S. government would likely introduce a two-month bill issue at the November refunding and begin raising the auction size of five-year notes by a greater amount than its recent increase. ...
Rising uncertainty in markets didn’t stop the biggest U.S. banks from hauling in record revenue from investment banking. Among the big winners were Morgan Stanley and Bank of America Corp., which both handily beat expectations thanks to their investment banking and consumer businesses, respectively. Wells Fargo & Co. was the lone bank to miss analysts’ earnings estimates as its total loans and deposits both dropped.
Investment banker David Solomon will take over as CEO of Goldman Sachs in October. Here are five key challenges for the next chief.
Goldman Sachs Chief Executive Lloyd Blankfein is leaving on a high note with the firm’s earnings showing strong performance nearly across the board. Goldman on Tuesday reported revenue and earnings per share that were far ahead of analyst estimates. Fixed-income currency and commodity trading revenue jumped 45% from a year earlier.
, suggesting that newly minted CEO David Solomon will look to double down on the business to help the firm grow. Sure, that means more big ticket deals, but it also means Goldman is likely to increasingly look for smaller ones. Goldman worked on 162 deals-either in financing or buy- and sell-side assignments-that were announced in the first half of 2018.
There may not be a better example of the traditional "American Dream" than Lloyd Blankfein. Who Is Lloyd Blankfein? Although his reputation may precede him, Lloyd Blankfein outgoing CEO of Goldman Sachs - a position he held since 2006.
David Solomon will take over the CEO role at Goldman Sachs on Oct. 1, succeeding Lloyd Blankfein after 12 years. Goldman's soon-to-be CEO will have an annual base salary of $2 million, an 8 percent raise from his 2017 salary as president and co-chief operating officer. Goldman Sachs GS ' anointed CEO-to-be will be getting an 8 percent increase in his base pay after stepping into the role, the bank disclosed in a securities filing on Tuesday.
Jul.19 -- Morgan Stanley and Goldman Sachs Group Inc. declared themselves as the No. 1 adviser on mergers and acquisitions in their quarterly results this week. Bloomberg's Lisa Abramowicz reports on "Bloomberg Daybreak: Americas."
We believe there are positive catalysts for the new CEO to come in, says King Lip, chief strategist at Baker Avenue Asset Management.