|Bid||230.8600 x 800|
|Ask||231.0700 x 900|
|Day's range||228.8000 - 231.1300|
|52-week range||214.6400 - 275.3100|
|PE ratio (TTM)||21.80|
|Earnings date||16 Oct 2018|
|Forward dividend & yield||3.20 (1.40%)|
|1y target est||276.18|
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."
China's Suning Sports, the owner of Italian soccer giants Inter Milan, said it has raised $600 million (461 million pounds) in a series A funding from firms including Alibaba Group Holding Ltd (BABA.N) and Goldman Sachs (GS.N). The sports arm of Chinese retail giant Suning Holdings Group told Reuters on Friday that the funding round did not include Inter Milan and two other local football teams that it owns. Local media Lanxiong reported earlier that this round of fundraising values Suning Sports at $2.6 billion.
Goldman Sachs (GS.N) has lost an Indonesian court appeal over whether it should return shares in property developer PT Hanson International Tbk (MYRX.JK) to tycoon Benny Tjokrosaputro in a legal tussle over ownership. Tjokrosaputro, president director of Hanson International (MYRX.JK), had in a lawsuit sued the U.S. bank for 15 trillion rupiah (845 million pounds), accusing it of making "unlawful" trades in the shares and claiming ownership of 425 million shares. Goldman had said that Goldman Sachs International had bought the Hanson shares from New York hedge fund Platinum Partners in a series of "valid" transactions on the Indonesia Stock Exchange (IDX) between February 2015 and December 2015.
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.
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 ...
(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 ...
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.
A big change is afoot inside Goldman Sachs -- aside from the disc jockey slated to become CEO. Chief Financial Officer Marty Chavez attributed the drop to the firm’s emphasis on profitability. Goldman Sachs Group Inc. is often a trendsetter on Wall Street, and if it cuts, others might too.
Goldman Sachs Group (GS) reversed earlier gains and is falling on Tuesday afternoon, after reporting second-quarter earnings. It also confirmed David Solomon will succeed Lloyd Blankfein as the new chairman and chief executive officer. So, why is the stock down? Goldman Sachs beat analyst estimates, but that's par for the course, as the "whisper number," what the Street thinks the company will really earn, is usually well ahead of consensus.
"Upside was revenue, expense and tax rate driven; better yet for the forward look— time to start thinking about tomorrow— is the progress against the bank's previously articulated growth initiatives, the health of the banking pipeline and the realization of operating leverage," analyst Susan Katzke said in a note to clients Tuesday. The analyst raised her 2018 and...
Goldman Sachs' (GS) second-quarter 2018 results reflect continued investment banking momentum and strong underwriting business, along with fixed income trading activities outperformance.
The bank on Tuesday confirmed Solomon will take over from Lloyd Blankfein, who has held the position for 12 years, on Oct. 1, ending months of speculation. The bank has pledged $5 billion more in annual revenue by growing its fledgling consumer bank, squeezing more from businesses like asset management and changing how it approaches trading. Goldman's quarterly profit topped analyst estimates, but equities trading was flat and higher fixed-income trading followed a notably weak year-ago period.
The bank on Tuesday confirmed Solomon will take over from Lloyd Blankfein, who has held the position for 12 years, on Oct. 1, ending months of speculation. The bank has pledged $5 billion (3.81 billion pounds)more in annual revenue by growing its fledgling consumer bank, squeezing more from businesses like asset management and changing how it approaches trading. Once considered the most savvy Wall Street trading house, it has suffered because of tougher regulation since the financial crisis of 2007-2009 and low market volatility crimping revenues.