|Bid||192.63 x 1800|
|Ask||193.47 x 900|
|Day's range||191.68 - 194.07|
|52-week range||151.70 - 245.08|
|Beta (3Y monthly)||1.22|
|PE ratio (TTM)||8.03|
|Forward dividend & yield||3.40 (1.65%)|
|1y target est||N/A|
HARRISBURG, Pa. (AP) — Pennsylvania's treasury department is accusing about a dozen large financial firms of working together to illegally inflate the price of bonds issued by Fannie Mae and Freddie Mac over seven years.
Goldman Sachs raised its probability of a no-deal Brexit to 15% from 10% on Friday as Prime Minister Theresa May's resignation potentially opened the way for a more hardline politician to lead the UK to exiting the European Union. Goldman Sachs economist Adrian Paul said ratification of a Brexit deal would no longer be possible in the second quarter. "We pencil in an orderly EU withdrawal in late 2019 or early 2020, but our conviction is low," he wrote.
United Capital’s founder says the $750 million acquisition by a Wall Street institution isn’t a sellout but rather the next step in transforming the wealth management landscape.
The U.S. Department of Justice handed over to Ng's lawyers a "small subset" of more than 1 million documents the government is relying on to prosecute the case, said Assistant United States Attorney Drew Rolle during a hearing at a Brooklyn federal court. The United States accused 46-year-old Ng last year of conspiring to launder money and bribe government officials in Malaysia and Abu Dhabi through bond offerings that Goldman Sachs Group Inc handled. Ng pleaded not guilty to the charges on May 6 and was released in exchange for a $20 million bond.
Goldman Sachs’s credit traders had positioned themselves through a default-swaps wager that would have benefited if Weatherford managed to avoid near-term death, even if its longer-term prospects remained bleak, according to people with knowledge of the matter. The trade is notable for its sudden collapse and is likely to rank among the duds this quarter for the leveraged-finance trading team led by Tom Malafronte. In this case, the desk was selling short-dated credit swaps contracts, expecting Weatherford to avoid default over the next year while purchasing longer-term derivatives that would still benefit from an eventual collapse for the oilfield services provider.
It was 2016 and Goldman Sachs Group Inc. decided the time was right to pump money into a Sao Paulo startup looking to reinvent the country’s financial industry, starting with zero-fee credit cards. The venture, now widely known in Brazil as Nubank, for Nu Pagamentos SA, has reached 8.5 million consumers and sold private shares in itself with a $3.6 billion valuation. If it keeps expanding at its current rate, it will soon become the fourth-biggest card issuer in Latin America’s largest economy, and it’s starting to expand abroad.
Active managers are having a breakout year and Goldman Sachs has a way to mirror their strategy.
It has also been amended to reflect that shares of Arabian Centres are due to start trading on Wednesday. It will be the biggest initial public offering since the $6bn listing of lender National Commercial Bank in late 2014.
“On behalf of the eight generations of my family that have been in this country, we’re gonna put a little fuel in your bus,” Smith, 56, founder of Vista Equity Partners, said Sunday during his commencement speech to the Atlanta college’s graduating class. “My family is going to create a grant to eliminate your student loans,” Smith added, according to a Twitter post by Morehouse.
Goldman Sachs International has appointed Mazars to audit its London-based European operations in a major coup for the accounting firm. The move comes as British lawmakers and regulators are pushing to weaken the grip of PwC, EY, Deloitte and KPMG, the so-called Big Four accounting firms that dominate audits of top companies in Britain. A Mazars spokesman confirmed that it would be conducting Goldman Sachs International's European audit, which is focused on activities in Britain and Germany.
JPMorgan's (JPM) deal to acquire InstaMed is in sync with its plan to expand into fast growing U.S. healthcare payments markets and garner significant share.
The transaction is expected to close in the second half of this year, PAI Partners said in a statement on Monday, without providing any financial details. Goldman Sachs is doing the deal through its merchant banking division, according to the statement. The announcement confirms a Bloomberg News report last week that the Paris-based private equity firm was close to a deal to sell the hotel chain for about 2 billion euros ($2.2 billion) to the lender, citing people familiar with the matter.
Goldman Sachs is in talks to buy B&B Hotels from private equity firm PAI Partners, the companies said on Monday, in a deal which an earlier report from the Financial Times said could be worth 1.9 billion ...
The U.S. bank is acting as stabilization agent for mall owner Arabian Centres, which is expected to start trading this week after completing the kingdom’s biggest initial public offering since 2015. Goldman Sachs may sell additional shares or take other actions to support the Arabian Centres shares once they list. The mall owner allocated an extra 12.8 million shares, or 13.5% of the offering, to the bank, according to a statement from the Capital Market Authority.
Traditionally an investment bank, Goldman Sachs has been making the push into wealth management. In its latest move, GS closed a deal to acquire United Capital for $750 million on Thursday. United Capital founder and CEO Joe Duran told his story to Yahoo Finance on The Ticker
At that price, the Paris-based private equity firm will make a return of three times its initial investment, one of the people said, asking not to be identified because the deliberations are private. Goldman Sachs is doing the deal through its merchant banking division, which includes private equity deals, the people said. Representatives for PAI and Goldman Sachs declined to comment.