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The Goldman Sachs Group, Inc. Add to portfolio

INX:GS, May 20, 11:34 UTC

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Friday, May 18


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4 Reasons Goldman Sachs Is Bullish On Brixmor Property

GS

Shopping center REIT Brixmor Property Group Inc (NYSE: BRX), which owns open-air properties, has earned bullish review from Goldman Sachs despite shares underperforming year-to-date. Analyst Caitlin Burrows initiated coverage of Brixmor Property with a Buy rating and a 12-month price target of $17.50. The company's leading spreads have increased from 12.6 percent to 12.9 percent, while the spreads for Goldman's retail REIT coverage have decelerated by an average of 490 basis points year-over-year, Burrows noted. Given that the company's adjusted funds from operations payout ratio is below some peers and the retail average, and in line with the REIT sector average, the analyst said its dividend is well covered.

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Goldman CEO Likely To Step Down

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Goldman Sachs CEO Lloyd Blankfein will likely step down in December, according to the New York Times #tictocnews https://bloom.bg/2k5ZYXY (Source: Bloomberg).

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Goldman CEO Blankfein likely to step down by December - NYT

TRI GS

Goldman CEO Blankfein likely to step down by December: NYT. (Reuters) - Goldman Sachs Group Inc (GS.N) Chief Executive Lloyd Blankfein is expected to step down by December, the New York Times reported on Friday, citing people familiar with the bank's plan. Blankfein, 63, one of the longest-serving CEOs on Wall Street, has led what is viewed as the most powerful U.S. investment bank for nearly 12 years. Blankfein is likely to be replaced by Goldman President David Solomon, the newspaper reported.

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Commodities are posting their best returns in a decade and Goldman thinks there's more to come

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Goldman Sachs warns that investors are starting to cool on commodities and could miss out on further gains for the year's best-performing asset class. Earlier this week, the bank raised its outlook for its commodities index, which tracks assets like crude oil and copper. "The rally likely has room to run, particularly from a returns perspective. Oil fundamentals are now more bullish as robust demand faces supply disappointments," wrote Jeffrey Currie, Goldman's global head of commodities. But Goldman says the market's mounting concern over a slowdown in global growth and rising U.S. interest rates are weighing on sentiment around commodities. Goldman notes that record-setting long positions in oil — or bets that crude prices will keep rising — have moderated since the commodity crossed $73 a barrel.

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Goldman removes Enel from conviction list on 5-Star/League policy plans

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Goldman removes Enel from conviction list on 5-Star/League policy plans. LONDON (Reuters) - Goldman Sachs removed Italian state-controlled utility Enel (ENEI.MI) from its "conviction list" of favourite stocks on Friday, saying the energy policy plans of the 5-Star and League parties could dent prices. While analysts at the U.S. bank highlighted some positives from the parties' plan to drive higher investment in renewables and the power grid, they argued that reaching near 100 percent renewables penetration would push prices down. "The plans presented by M5S/Lega could be deflationary in our view as it would lower power bills by around 15 percent, we estimate," said analysts at the U.S. bank in a note. Italy's two anti-establishment parties agreed the basis for a governing accord on Thursday that would slash taxes and ramp up welfare spending. What to read next.

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Oil price: Rise in crude prices poses risk to India's current account deficit: Goldman Sachs, Energy News, ET EnergyWorld

GS

"Our commodities team expects oil prices to continue to rise over the course of this summer, before moderating slightly at the end of the year. We recently increased our 2018-19 current account deficit (CAD)forecast to 2.4 per cent of GDP (from 2.1 per cent of GDP earlier)," Goldman Sachs said in a research note. Globally, brent broke through the $80 a barrel mark yesterday for the first time since November 2014. Goldman Sachs forecasts 2018-19 headline CPI inflation to average 5.3 per cent. On RBI's policy stance, the report said, a more hawkish stance by the central bank is likely following a weaker currency (the rupee has depreciated by 6.6 per cent against the US dollar year-to-date) and concerns over a rising current account and fiscal deficit.

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Thursday, May 17


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News

Tesla will need to raise more than 10 billion in capital through 2020 Goldman Sachs

GS TSLA

Tesla Inc. will need more than $10 billion in capital raises and debt refinancing by 2020, Goldman Sachs analysts said Thursday. That is the sum needed to fund its current operations, new product spend and capacity additions, analysts led by David Tamberrino wrote in a note. "We believe this level of capital transactions may be funded through multiple avenues, including new bond issuance (secured and/or unsecured), convertible notes, and equity," the analyst wrote. "We see several options available to the company to refinance maturing debt and raise incremental funds, which should allow Tesla to fund its growth targets."

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Goldman Slashes Its Position in Controversial CDS Trade

GS

Wall Street titan caught up in trade that roiled swaps market. Goldman Sachs Group Inc. has dumped a big chunk of credit-default swaps linked to Hovnanian Enterprises Inc., according to people with knowledge of the matter. The firm cut loose months after finding itself entangled in a battle featuring Blackstone Group LP that has also invited the wrath of regulators. The investment bank traded out of most of its position from the controversial trade in recent weeks, said the people, who asked not to be named because the sale is private.

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