The Goldman Sachs Group Inc Add to portfolio

INX:GS, Jul 13, 11:19 UTC

Latest INX:GS News

Filter your feed

Apply Filter

Saturday, July 11


News

Coverage Initiated by Goldman Sachs Group Inc for Autoliv (NYSE:ALV)

GS

568379 shares of the stock traded hands, compared to its average volume of 540526. The firm earned $1.85 billion during the quarter, compared to analysts’ expectations of $1.76 billion. The P/E ratio of Autoliv is 13.00, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 14.07. 7/9/2020 – GEA Group Aktiengesellschaft was downgraded by analysts at Goldman Sachs Group Inc from a “buy” rating to a “neutral” rating.

Read Full Details

Topics:
  • Business
  • Financial

Friday, July 10


News

Health Stocks Are Among Goldman’s Top Election Volatility Plays

GS

Health Stocks Are Among Goldman’s Top Election Volatility Plays. (Bloomberg) -- U.S. equity investors are facing a turbulent four months as the presidential election heats up, and Goldman Sachs analysts scanned their coverage universe and found 38 stocks that investors can use to take advantage of that volatility with options. The recommendations come after the bank’s strategists earlier this week warned that mail-order ballots and Covid-19 disruptions could mean the final vote count gets delayed and roils stocks as investors wait to find out who will be president. Among health-care companies they list, Bausch Health has the widest expected move between now and January at 34%, the at-the-money straddle has a six-month implied volatility of 57%, which ranks in the 73rd percentile over the last year. While the battered reputation of drugmakers got a makeover as the sector races to come up with solutions to the Covid-19 epidemic, “how long this ‘goodwill’ lingers is an outstanding question, as we get closer to the November elections,” the analysts wrote in a note to clients.

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, July 08


News

KKR to take over Goldman Sachs-backed insurer Global Atlantic

GS

(Reuters) - KKR & Co Inc (KKR.N) said on Wednesday it would acquire Goldman Sachs-backed Global Atlantic Financial Group Ltd, making it the latest private equity firm to add an annuities and life insurance provider to its platform. KKR said it will become the manager of Global Atlantic's investment portfolio, giving it a steady stream of lucrative fees and boosting its assets under management from $207 billion to $279 billion. New York-based KKR will take over Global Atlantic through its balance sheet rather than its buyout funds, and plans to keep it as opposed to flipping it for a profit as it does with its private equity portfolio. The purchase price will be equal to Global Atlantic's book value at the time the deal closes, sometime in the first quarter of 2021 subject to regulatory approvals, KKR said.

Read Full Details

Topics:
  • Business
  • Financial
News

KKR to take over Goldman Sachs-backed insurer Global Atlantic

GS

(Reuters) - KKR & Co Inc <KKR.N> said on Wednesday it would acquire Goldman Sachs-backed Global Atlantic Financial Group Ltd, making it the latest private equity firm to add an annuities and life insurance provider to its platform. KKR said it will become the manager of Global Atlantic's investment portfolio, giving it a steady stream of lucrative fees and boosting its assets under management from $207 billion (164.22 billion pounds) to $279 billion. New York-based KKR will take over Global Atlantic through its balance sheet rather than its buyout funds, and plans to keep it as opposed to flipping it for a profit as it does with its private equity portfolio. Private equity rival Apollo Global Management Inc <APO.N> has blazed a trail in the insurance industry, and now generates almost half its management fees through permanent capital it manages for a network of insurers, including Athene Holding Ltd <ATH.N>, which also account for about half its $316 billion of assets under management.

Read Full Details

Topics:
  • Business
  • Financial
News

China hires Morgan Stanley, Goldman Sachs to advise on pipeline asset transfers - sources

MS GS

Overseen by a government vice premier, underlining the project's importance for Beijing, Beijing aims to complete the asset transfers and start operation of the new entity - valued by industry analysts at more than $40 billion - by the end of September, oil industry officials said. The mandates come after China announced in late 2019 that it would establish an entity known as National Oil and Gas Pipeline Company by combining pipelines, storage facilities and natural gas receiving terminals operated by China National Petroleum Corp (CNPC), China Petrochemical Corp (Sinopec Group) and China National Offshore Oil Company (CNOOC). It was not immediately clear if CNOOC has appointed an international advisor. For the new pipeline group itself, China International Capital Corporation, or CICC, has been appointed as advisor, according to three separate sources. On the banks side, Morgan Stanley declined to comment, while Goldman and CICC did not immediately comment.

Read Full Details

Topics:
  • Business
  • Financial

Monday, July 06


News

Computer and Technology sector’s Qorvo’s (NASDAQ:QRVO) Buy rating Reiterated by Goldman Sachs Group Inc – Stock Market Daily

GS QRVO +1 more GS QRVO SWKS

Computer and Technology sector’s Qorvo’s (NASDAQ:QRVO) Buy rating Reiterated by Goldman Sachs Group Inc. Qorvo (NASDAQ:QRVO)‘s stock had its Buy rating Reiterated by analysts at Goldman Sachs Group Inc in a research report issued to clients and investors. 5 day Moving Average is $108.78 And 5 day price change is $1.33 (1.22%) with average volume for 5 day average is 1,059,780. While technical analysis for average 20 days shows significant difference, 20 day moving average is $111.17 and 20 day price change is -$3.10 (-2.73%) and average 20 day moving volume is 1,216,035. The P/E ratio of Qorvo is 39.11, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 42.50. On 6/8/2020 VP Gina Harrison Sell 1,328 at average price of $115.53 with total value of : $153,423.84. What other brokers have to say about Qorvo :.

Read Full Details

Topics:
  • Business
  • Financial
News

Goldman Sachs thinks the US recovery is running into trouble

GS

The surge in coronavirus cases across the Sun Belt is slowing the economic recovery in the United States. That’s according to Goldman Sachs, which said this weekend it now expects a weaker rebound in the third quarter as local leaders impose fresh restrictions and consumers show signs of caution. “Over the last few weeks, the Covid situation in the US has worsened significantly to the point where the US is now a notable outlier among advanced economies,” the bank said. But it refrained from making major changes to its outlook beyond the next few months, noting that other countries have been able to manage reopening their economies while limiting a rise in virus cases, and that behavioral and policy changes, like encouraging mask-wearing, could make a big difference. “But last week Texas joined the roughly half of US states that have implemented a mask mandate, indicating that state authorities are willing to making politically controversial policy changes to address the current health crisis.”. If investors are concerned, it’s not reflected in markets.

Read Full Details

Topics:
  • Business
  • Financial

Wednesday, July 01


News

Mom-and-Pop’s Top Picks Tend to Trail Stock Market, Goldman Says

GS BLK +2 more GS BLK TSLA FB

Mom-and-Pop’s Top Picks Tend to Trail Stock Market, Goldman Says. The S&P 500 Index has rallied about 40% from its March 23 low, when fears of the Covid-19 pandemic and an unprecedented economic shutdown roiled markets. The migration to zero-commission trading for individual investors, people working from home or not working at all, and the lack of live sports to bet on sparked a growing interest in trading for the throngs of people self isolating at home. While retail investors have been largely credited for driving the torrid comeback, Goldman is the latest to call into question that narrative. Goldman’s analysis looked at small trades to identify retail activity -- less than $2,000 for shares and a single contract for options. For S&P 500 stocks, those trades have jumped to 7% of total volume from 3% in January 2019.

Read Full Details

Topics:
  • Business
  • Financial
News

Goldman to Resolve 1MDB Legal Case Post Guilty Plea Decision

GS

Low has been accused for routing the money out of 1MBD, and paying bribes and purchasing real estate, art, and jewelry. In addition, huge bonuses were earned by Leissner, Ng and others. Nevertheless, Goldman claimed Leissner and Ng were working to hide criminal activities from management.In 2018, Leissner accepted the act of conspiracy for laundering money and plotting the violation of the Foreign Corrupt Practices Act. This February, the case got transferred to the High Court, advancing with the proceedings of the criminal charges first announced in December 2018.Further ProceedingsThe case would be victorious for Goldman on escaping the guilty plea; else Seymour would try to be defensive based on detailed data available in the statement of facts demarcating the bank’s conduct in Malaysia.Jake Siewert, a Goldman Sachs spokesman, not commenting on the status of the negotiations said, “We are trying to resolve this matter as expeditiously as possible.” A spokesman for the U.S. attorney’s office in Brooklyn, New York, John Marzulli, who is handling the case, refrained from commenting on the issue.Per the source, Goldman awaits decision from Justice Department leaders whether or not they come to an agreement with their prosecutors in Brooklyn to include a guilty plea by a subsidiary in Asia. Therefore, post-guilty plea decision, the case is likely to be resolved including a penalty as high as $2 billion.Markedly, Goldman is also under negotiations for a settlement with Malaysian authorities, who recently said the offer of as much as $3 billion would be rejected.Bottom LineAlthough Goldman has resolved quite a few litigation issues, it still faces probes and queries from a number of federal agencies, and a few foreign governments for the bank’s businesses conducted during the pre-crisis period. As a result, the company’s legal expenses are expected to remain elevated, which might partially impede its bottom-line growth in the near term.Shares of the company have lost 14.1% in the past six months compared with the 16.5% decline registered by the industry.

Read Full Details

Topics:
  • Business
  • Financial

Tuesday, June 30


News

Goldman Nears 1MDB Resolution With Effort to Avoid Guilty Plea

GS

(Bloomberg) -- Goldman Sachs Group Inc. is in the final stages of resolving its biggest legal threat in a decade after tussling with the government on one critical issue: a potential guilty plea for the first time in Goldman’s history. Prosecutors were emboldened to press Goldman for a guilty plea after a high-ranking Goldman banker pleaded guilty in 2018 and described a secretive corporate culture that sidelined compliance staff, people familiar with the case said. Since then, Goldman has pushed back on that narrative and elevated its case to the nation’s top law enforcement officers. Much of that money was allegedly siphoned by people connected to the country’s former prime minister. If Goldman escapes without a guilty plea, it will be a big victory for the bank. If not, Seymour may still be able to soften the blow by bartering over what details are included -- and not included -- in a statement of facts outlining Goldman’s conduct in Malaysia. In the 1MDB case, the bank is awaiting word from Justice Department leaders about whether they agree with their prosecutors in Brooklyn that any deal must include a guilty plea by a subsidiary in Asia, according to a person familiar with the matter.

Read Full Details

Topics:
  • Business
  • Financial
  • US