204.50 +0.36 (0.18%)
After hours: 7:53PM EDT
|Bid||204.00 x 900|
|Ask||202.96 x 1000|
|Day's range||201.32 - 206.50|
|52-week range||130.85 - 250.46|
|Beta (5Y monthly)||1.45|
|PE ratio (TTM)||11.05|
|Earnings date||15 Jul 2020|
|Forward dividend & yield||5.00 (2.50%)|
|Ex-dividend date||29 May 2020|
|1y target est||221.22|
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 ...
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."
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”.
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.
Goldman Sachs make a key argument on the economic recovery in its latest piece of research.
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.
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.
The investment bank plans to launch the service in the United Kingdom in September, and the rest of Europe by end of the year.
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.
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.
American Express CEO Stephen Squeri lays out his vision for how employees will return to work after COVID-19 quarantines lift.
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.
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%.
Goldman Sachs Group Inc <GS.N> will honor job and internship offers to 1,460 Indian graduates and students this summer, the equivalent of a quarter of its workforce in the country, forging ahead with expansion plans despite uncertainties due to the COVID-19 pandemic. Gunjan Samtani, who heads Goldman Sachs Services India, told Reuters in an interview this week that about half of those were offers for full-time jobs at the bank's technology centre in Bengaluru, now its second-biggest office globally.
The re-emergence of facemask-wearing bankers, investors, lawyers and their clients in Central, Hong Kong's main business district, is being closely watched by other major financial centres looking forward to resuming business. Office staffing levels at the banks vary from around 50% to just 15%.
The U.S. dollar has given back some of its overnight gains in early European trade Friday, but remains in favor as risk aversion still dominates, amid rising Sino-U.S. tensions. At 2:45 AM ET (0645 GMT), the U.S. Dollar Index, which tracks the greenback against a basket of six other currencies, stood at 100.365, down 0.1%, having earlier Friday reached a three-week high. U.S. President Donald Trump ratcheted up these tensions in an interview with Fox Business Network on Thursday, stating he was disappointed with China's failure to contain the coronavirus, that this had cast a pall over the trade deal between the two countries.
Goldman Sachs (NYSE: GS) is buying more capacity in the wealth management segment. The investment bank has agreed to buy fintech and financial services company Folio Financial, as confirmed by the latter on its website. Neither the price nor the terms of the transaction have yet been disclosed, although Folio promised to provide further details when the two parties near the close of the deal.