235.20 +0.19 (0.08%)
After hours: 5:59PM EDT
|Bid||234.91 x 900|
|Ask||235.01 x 1000|
|Day's range||234.28 - 236.12|
|52-week range||209.62 - 275.31|
|PE ratio (TTM)||22.21|
|Earnings date||17 Jul 2018|
|Forward dividend & yield||3.20 (1.31%)|
|1y target est||275.43|
Prominent investment firm Goldman Sachs (GS) also said that the rising rates could change the valuation of the equity market (SPY) (QQQ) (DIA). Rising inflation is signaling that interest rates could rise too. The faster rate hike expectation is pushing the bond yield higher.
In the above part, we discussed that Goldman Sachs (GS) is worried about the rising US fiscal deficit and US debt level. The rising fiscal deficit and debt level could pressure the Fed to increase its key interest rate at a faster rate. Recently, Goldman Sachs predicted that the interest rates will rise at a quicker pace.
In the previous part of this series, we discussed that prominent investment firm Goldman Sachs (GS) believes that the US fiscal outlook isn’t good. The rising fiscal deficit could create an obstacle for the US economy. The US budget deficit and the debt level are also gradually improving.
GTCR and Sycamore Partners completed their acquisition of CommerceHub Inc., which helps retailers manage e-commerce inventory. When the deal was announced in March, it was valued at $1.1 billion, according ...
Inc. recently made peace with Blackstone Group Inc. over a controversial credit derivatives trade, a gentlemen’s agreement of sorts that lets both sides avoid a public confrontation. The deal between Goldman and Blackstone’s GSO Capital Partners LP resolves a high-stakes standoff over credit default swaps tied to Hovnanian, which borrowed money from GSO last year under an unusual arrangement.
The Wall Street giants had taken opposite sides of a bet on bonds issued by home builder Hovnanian Enterprises Inc. The trades, engineered by Blackstone’s GSO Capital Partners LP, involved the home builder intentionally skipping a small interest payment earlier this month in exchange for an attractive financing package from the private-equity house. Blackstone had bought insurance against a default, which would allow it to make money from the skipped interest payment. It bought this insurance, through what are known as credit-default swaps, from Goldman and others.
The investment banking industry eliminated 6,000 employees in the first quarter, according to financial research firm Coalition.
Goldman Sachs Group Inc. and Blackstone Group LP recently resolved a monthslong standoff over a controversial derivatives trade that had alarmed regulators and investors in the $11 trillion credit-default swaps market. The Wall Street giants had taken opposite sides of a bet on bonds issued by home builder Hovnanian Enterprises Inc. The trades, engineered by Blackstone’s GSO Capital Partners LP, involved the home builder intentionally skipping a small interest payment earlier this month in exchange for an attractive financing package from the private-equity house. Blackstone had bought insurance against a default, which would allow it to make money from the skipped interest payment.
Banks have eased grueling hours, fast-tracked promotions, and offered junior employees more mobility and variety in their jobs. “You have to create an atmosphere where people can work hard, but they also have opportunities to have a life,” he said on a Goldman podcast last year. Against this backdrop, Goldman in 2015 said it would start promoting some of its analysts—its youngest employees, most of them fresh out of college—to the rank of associate after two years instead of three.
CNBC reports that bank’s derivatives flow team netted $200 million as VIX posted historic February spikeTraders at Goldman had a good day on VIX bets. Earlier this year, Goldman Sachs booked a roughly $200 million gain in one day, partly on bets that a long-dormant gauge of volatility would surge, ending a protracted period of placidity on Wall Street. The prominent investment bank’s trading desk centered on derivative flows produced the big daily return as a so-called market maker rather than buying the assets for its own account, CNBC reported on Wednesday.
Goldman Sachs' (GS) strong client activity amid volatile markets, organic growth, cost management and steady capital-deployment activities continue to drive growth.
Whether it’s a student loan, personal loan, credit card, auto loan or mortgage, you have a contractual commitment to repay your debt. Plus, missed payments can hurt your credit score. While not as bad as outright skipping a payment, a late payment also can hurt your credit score.
The U.S. House of Representatives passed on Tuesday bipartisan legislation that would ease bank rules introduced in the wake of the 2007-2009 financial crisis, giving President Donald Trump a major legislative victory. The vote eases some of the 2010 Dodd-Frank rules that have hurt smaller banks and community lenders and keeps the Republican president's promise to try to spur more economic growth by cutting regulation, but does little for Wall Street. It is a far cry from the repeal that Trump pledged on the campaign trail, leaving largely untouched the core Dodd-Frank provisions designed to ensure financial stability and other rules most hated by banks and conservative Republicans.
Amazon has a huge opportunity in expanding its financial services, but it likely won't build a standalone banking operation, Goldman Sachs wrote in a report Tuesday.
Huge budget deficits and national debt could pose a threat to the country's economic security during the next recession, Goldman warned.
US-listed ETFs witnessed a huge jump in inflows last week mainly due to the surge in US equity inflows. According to FactSet, investors added $15.7 billion to the ETFs last week, which increased the YTD (year-to-date) inflows to $108.5 billion. More than 78% of the inflows were concentrated in US equity (MS) (GS) (C). US equity collected $12.3 billion, while international equity added $1.6 billion. US fixed-income ETFs had $1.8 billion, while international fixed-income garnered a moderate $536 million.
The trade framework being negotiated between the United States and China would have been right up Gary Cohn's alley, CNBC Jim Cramer says.
Wells Fargo (WFC) discovered that employees in its wholesale unit altered information related to customers’ records without the company’s knowledge. As a result, there are renewed concerns about the bank’s internal control systems. Wells Fargo (VFH) (XLF) reported the activities to the Office of the Comptroller of the Currency.
David Cote, the former longtime chief executive of Honeywell International Inc., is leading a company backed by Goldman Sachs Group Inc. that is trying to raise some $600 million to pursue industrial deals. Mr. Cote led a turnaround of Honeywell in his 14 years as CEO, building a record of disciplined, well-executed deals that helped expand the industrial conglomerate’s product line. “We believe Mr. Cote’s industry experience and operating capabilities, paired with Goldman Sachs’ unique sourcing infrastructure and experience investing in public and private markets, will make us a partner of choice for potential business combination targets,” GS Acquisition Holdings Corp. said Friday in a securities filing.
Goldman Sachs Group Inc. is teaming up with former Honeywell International Inc. Chief Executive Officer Dave Cote to raise as much as $690 million to buy industrial companies. GS Acquisition Holdings Corp. has registered to sell as many as 69 million units at a maximum offering price of $10, according to a filing with the Securities and Exchange Commission. The investment vehicle is described as a “blank check company” for making mergers and acquisitions.