GS - The Goldman Sachs Group, Inc.
217.56 -0.36 (-0.17%)
After hours: 6:04PM EDT
| Previous close | 214.82 |
| Open | 222.00 |
| Bid | 217.52 x 800 |
| Ask | 217.91 x 1300 |
| Day's range | 217.66 - 222.98 |
| 52-week range | 130.85 - 250.46 |
| Volume | 4,180,123 |
| Avg. volume | 4,476,928 |
| Market cap | 74.94B |
| Beta (5Y monthly) | 1.37 |
| PE ratio (TTM) | 9.74 |
| EPS (TTM) | 22.38 |
| Earnings date | 15 Jul 2020 |
| Forward dividend & yield | 5.00 (2.33%) |
| Ex-dividend date | 29 May 2020 |
| 1y target est | 221.22 |
- Zacks
3 Goldman Sachs Funds for Spectacular Returns
Below we share with you three top-ranked Goldman Sachs mutual funds. Each has a Zacks Mutual Fund Rank 1 (Strong Buy).
- Motley Fool
Is Goldman Sachs a Buy?
Berkshire Hathaway made news in May when it sold most of its shares in investment bank Goldman Sachs (NYSE: GS). While Berkshire Chairman and CEO Warren Buffett didn't elaborate, the move was likely part of his efforts to de-risk the portfolio, as my colleague Matthew Frankel wrote about back on May 19. Goldman was not the only financial stock that Buffett dumped, but it was his biggest sell, as he dropped more than 10 million shares.
- Yahoo Finance
Will protests and looting permanently damage the economy?
Here's how investors should be thinking through the impact of social unrest sweeping the country.
- Financial Times
Letter: Goldman’s change of heart on crypto hits a nerve
Jemima Kelly’s article (“ Goldman Sachs betrays bitcoin ”, Alphaville, FT.com, May 29) deftly captures Goldman Sachs’ change of heart or epiphany on cryptocurrencies, but it’s the reactions she provides ...
- Motley Fool
Goldman Sachs Delaying Launch of Robo-Advisor
For now, if you want financial advice from Goldman Sachs (NYSE: GS), you'll have to obtain it from a human associate of the company. In remarks made during a presentation at a financial services industry conference, the company's president and COO John Waldron said it wouldn't launch its planned robo-advisory service this year. "We have decided to slow our advisor hiring activity for this year and we will defer the launch of our digital wealth offering into 2021."
- Zacks
Goldman Mulls to Shift Launch of Its Robo Advisor to 2021
Goldman (GS) seeks to delay plans of bolstering its wealth management business due to the coronavirus outbreak-induced mayhem.
- Financial Times
Goldman Sachs betrays bitcoin
Remember when Goldman Sachs ❤️d bitcoin? Back in the heady days of 2017 and 2018, the investment bank was so excited about this potential new asset class that it was said to be considering launching a bitcoin trading desk, a huge step in the direction of “mainstream adoption”. In early 2018 (peak mania), Goldman was said to have “caved” on bitcoin, putting out a nine-page report entitled “Bitcoin as Money”.
- Reuters
U.S. judge orders 15 banks to face big investors' currency rigging lawsuit
A U.S. judge on Thursday said institutional investors, including BlackRock Inc <BLK.N> and Allianz SE's <ALVG.DE> Pacific Investment Management Co, can pursue much of their lawsuit accusing 15 major banks of rigging prices in the $6.6 trillion-a-day foreign exchange market. U.S. District Judge Lorna Schofield in Manhattan said the nearly 1,300 plaintiffs, including many mutual funds and exchange-traded funds, plausibly alleged that the banks conspired to rig currency benchmarks from 2003 to 2013 and profit at their expense. "This is an injury of the type the antitrust laws were intended to prevent," Schofield wrote in a 40-page decision.
- Yahoo Finance
Fatter unemployment checks are hurting the COVID-19 economic recovery: Goldman
Goldman Sachs make a key argument on the economic recovery in its latest piece of research.
- Financial Times
Goldman’s delays digital wealth management push
Goldman Sachs has pushed back this year’s planned launch of a digital wealth management platform and is slowing its hiring of advisers, president John Waldron said on Wednesday, citing the need to act “prudently” in the current economic environment. The platform — the latest step in Goldman’s move into mass market wealth management — would now go live in 2021, Mr Waldron said. The launch was designed to build on Goldman’s $750m acquisition of wealth adviser United Capital last year, offering online services to those with as little as $5,000 to invest, United boss Joe Duran told the Financial Times in December.
- Yahoo Finance
NYSE president: 'While we are reopening, it is not back to business as usual'
The iconic New York Stock Exchange floor is back open for business. Here is what New York Stock Exchange President Stacey Cunningham told Yahoo Finance.
- Motley Fool
Goldman Sachs to Expand Its Cash Management Business
The investment bank plans to launch the service in the United Kingdom in September, and the rest of Europe by end of the year.
- Zacks
Goldman Seeks to Speedup Launch of Cash Management Business
Despite the coronavirus-related woes, Goldman (GS) is planning to launch its new cash management platform globally by the end of this year.
- Financial Times
Goldman Sachs ramps up cash management plans despite coronavirus
Goldman Sachs is planning to launch its fledgling cash management operations in the UK by September and across Europe by the end of the year, as the bank presses ahead with investment in the division in spite of the coronavirus crisis. The timetable is detailed in a presentation shown to prospective clients in recent weeks. Goldman has also offered to pay significantly more than rivals for some deposits, people familiar with the pitch said, mirroring its strategy for winning deposits at its Marcus consumer arm.
- Motley Fool
6 Banks PNC Might Want to Buy
PNC recently came into a large amount of cash after selling its entire stake in BlackRock, making it clear that it is looking to make a big deal.
- Motley Fool
Warren Buffett Just Dumped Goldman Sachs -- Here's Why I'm Not Selling
Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) stake in investment banking giant Goldman Sachs (NYSE: GS) originated from a savvy investment CEO Warren Buffett made around the time of the financial crisis. In exchange for providing $5 billion of capital to the investment banking giant in 2008, Berkshire received preferred shares paying a 10% annual dividend, plus warrants to buy $5 billion of Goldman's common stock at $115 per share. Well, after a negotiated deal in 2013, Berkshire's warrants were converted into about 13 million shares of Goldman, which is how the stock found its way into Berkshire's portfolio.
- Motley Fool
Warren Buffett's 3 Most Surprising Moves in Q1
Of Berkshire Hathaway's 22 purchases or sales in the first quarter, these three were, by far, the biggest shock.
- Yahoo Finance
American Express CEO to employees: Plan to work from home for the rest of 2020
American Express CEO Stephen Squeri lays out his vision for how employees will return to work after COVID-19 quarantines lift.
- Investing.com
Goldman Sachs Sticks to Their Hold Rating for Infineon Technologies AG
Goldman Sachs (NYSE:GS) analyst Alexander Duval maintained a Hold rating on Infineon (OTC:IFNNY) Technologies AG on Monday, setting a price target of EUR18.5, which is approximately 1.54% above the present share price of $18.22.
- Investing.com
Stocks - U.S. Futures Higher; More Stimulus Expected
U.S. stocks are set to open higher Monday amid hopes of more stimulus ahead and as states continue to reopen their economy, all of which is outweighing increased trade tension with China. At 06:55 AM ET (1055 GMT), S&P 500 futures traded 43 points, or 1.5%, higher, Nasdaq futures were up 119 points, or 1.3%. The Dow futures contract rose 373 points, or 1.6%.
