232.60 +0.68 (0.29%)
Pre-market: 4:00AM EDT
|Bid||228.05 x 800|
|Ask||231.44 x 1100|
|Day's range||229.84 - 233.15|
|52-week range||214.64 - 275.31|
|PE ratio (TTM)||21.91|
|Earnings date||17 Jul 2018|
|Forward dividend & yield||3.20 (1.38%)|
|1y target est||276.50|
Jun.12 -- Former Honeywell CEO David Cote has been tapped by Goldman Sachs Group Inc. to bring his acquisition expertise to the firm. Bloomberg's Jason Kelly reports on "Bloomberg Daybreak: Americas."
Goldman Sachs said it expected China to adopt a slightly easier monetary stance in the face of tit-for-tat tariffs between Beijing and Washington that, while likely to have limited immediate impact on the economy, were at risk of escalating. On Friday, the Trump administration imposed tariffs on $50 billion of imports from China, a move that came on top of hefty duties on steel and aluminum imports implemented at the start of June. China retaliated swiftly by announcing reciprocal tariffs on U.S. products, ranging from soybeans and autos to seafood.
When Spotify Technology SA went public in April, Goldman Sachs Group Inc. was sitting on a stake in the music-streaming startup worth more than $350 million, a sevenfold return on a 2012 investment. Goldman has those, too, but they are distinct from the portfolio maintained by its investment bankers, who are investing on the bank’s behalf. The bankers were early backers of now-household names including Uber Technologies Inc., online storage vault Dropbox Inc. and payments company Square Inc. Recent investments include Ripple Foods, which makes milk from peas, and Marqeta Inc., a credit-card startup, the people said.
It's another successful cloud software IPO for the tech sector, following strong debuts for Zuora, Ceridian and Dropbox.
A deal that went south may end up becoming one of Goldman Sachs Group Inc.’s most profitable trades this year. Goldman, initially stuck with Burberry Group Plc shares after helping billionaire Albert Frere offload his 6.6 percent stake in the London-based luxury company last month, has made about $30 million from selling its holding after shares in the London-based luxury company soared, according to people with knowledge of the matter. Representatives for Goldman declined to comment.
A proposal to simplify a rule banning banks from proprietary trading, rather than making life easier for Wall Street, could ensnare billions of dollars' worth of assets not currently caught by the regulation. This little-noticed wrinkle, if it were to make it into the final rule, could prompt Wall Street firms to overhaul their treasury, trading and merchant banking operations and change their accounting practices, lawyers and executives told Reuters. On May 30, U.S. regulators unveiled a plan to modify the so-called Volcker Rule introduced following the 2007-2009 financial crisis, aiming to make compliance easier for many firms and relieving small banks altogether.
The rebound in oil prices in the last year has been a major boon for U.S. shale companies, but for those who were unable to hold their nerve, a huge potential profit has been left on the table
Measuring The Goldman Sachs Group Inc’s (NYSE:GS) track record of past performance is a useful exercise for investors. It enables us to understand whether or not the company has metRead More...
In the battle between Wall Street bulls and bears over Netflix stock, the bulls are winning. Netflix shares spiked to an all-time high on Thursday, their second record high in as many days.
In the 1990s, Albert Meyer was an accounting professor at Spring Arbor University, a small Christian college in Michigan. He had a background in forensic accounting, and through due diligence on one of the University's donors, exposed one of the biggest Ponzi-style frauds of the decade.
The securities trading industry fell out of favor in the wake of the economic downturn, as stricter regulatory requirements coupled with restrictions to proprietary trading activity, forced major investment banks globally to implement sizable cuts to their trading portfolio. The figures here have been compiled from the annual reports of individual banks over the years, and represent the sum of trading assets as well as derivative assets on their balance sheet at the end of a period.
Global oil demand continues to look strong despite rising prices, and emerging economies are most likely to become the victim of this bull run in oil markets
Back in the good old days, before “Dennis Rodman arrives in Singapore for the Trump-Kim summit in a T-shirt promoting a cannabis cryptocurrency” was a real thing that happened, that was the sort of incongruous assortment of words that I could really enjoy. Also I have said it like 100 times now and the word “justness” still just makes me laugh. Goldman Sachs: If you care about justness, you should invest in our new financial product.
Are banks tech companies? I wrote then that many of the traditional roles of banks in financial markets—to provide capital, to take market risk, to coordinate information, to advise on what securities to buy—have become less important, as regulations change and as technology becomes more powerful. Instead the technology itself is more important, and the banks—and other big financial firms like BlackRock—are increasingly software providers, giving clients the benefit of their wisdom and information not in the form of personal advice and stock-picking, but in the form of software.
Former Honeywell CEO David Cote has been tapped by Goldman Sachs Group Inc. to bring his acquisition expertise to the firm. Bloomberg's Jason Kelly reports on "Bloomberg Daybreak: Americas." ...
Jim Cramer walks back his criticism of Twitter and Square chief Jack Dorsey, instead praising him for a "job well done."
US President Donald Trump (L) and his delegation share a working lunch Singapore's Prime Minister Lee Hsien Loong (not pictured) and his team during the US leader's visit to The Istana, the official residence of the prime minister, in Singapore on June 11, 2018. - Kim Jong Un and Donald Trump will meet on June 12 for an unprecedented summit in an attempt to address the last festering legacy of the Cold War, with the US president calling it a 'one time shot' at peace.