Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

The Goldman Sachs Group, Inc. Add to portfolio

INX:GS, Oct 16, 08:35 UTC

Latest INX:GS News

Filter your feed

Apply Filter

Yesterday


News

Goldman, Morgan Stanley Suspense Builds as Rival Traders Diverge

GS MS

(Bloomberg) -- Goldman Sachs Group Inc. and Morgan Stanley are typically the finale when giant U.S. banks report quarterly earnings, and by then, everyone on Wall Street can guess how their traders and bankers fared. Unusually divergent results from major rivals in recent days make it harder for investors to anticipate what the figures from Goldman Sachs and Morgan Stanley will look like early Tuesday morning. Might they follow JPMorgan Chase & Co. in missing analysts’ estimates -- or Citigroup Inc., which saw its shares jump on higher-than-expected revenue from fixed-income products? Some analysts studying the numbers say they see bright spots -- such as commodities trading and equities issuance -- that could bode well for Goldman Sachs and Morgan Stanley. On a conference call with analysts, JPMorgan Chief Financial Officer Marianne Lake pointed to weakness in revenue from trading credit and securitized products. But there were gains in the firm’s commodities business, which saw activity return to more-normal levels compared with the same period a year ago.

Read Full Details

Topics:
  • Business
  • Financial
News

Imperial Brands (IMB) Given a GBX 2,920 Price Target by Goldman Sachs Group Analysts – PressOracle

GS IMB +2 more GS IMB AZN AZN

Berenberg Bank reaffirmed a “buy” rating and issued a GBX 3,450 ($45.08) price target on shares of Imperial Brands in a report on Wednesday, July 4th. Societe Generale cut their price target on shares of Imperial Brands from GBX 4,500 ($58.80) to GBX 3,200 ($41.81) and set a “buy” rating on the stock in a report on Thursday, June 7th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the company’s stock. Imperial Brands has a 1-year low of GBX 2,447 ($31.97) and a 1-year high of GBX 3,956.50 ($51.70). The stock was acquired at an average price of GBX 2,586 ($33.79) per share, for a total transaction of £139,281.96 ($181,996.55).

Read Full Details

Topics:
  • Business
  • Health
  • Financial
News

Goldman Sachs Launches TIPS ETF

GS

The ETF employs a rules-based, smart beta technology (see: all the Inflation-Protected Bond ETFs here).“In an inflationary economic environment, GTIP provides investors with a potential hedge through its innovative screening approach to TIPS bonds,” Michael Crinieri, GSAM’s Global Head of ETF Strategy, said in a note.Inside GTIPThis new ETF is an addition to its access fixed income ETF suite and the fourth in this range. The ETF tracks the FTSE Goldman Sachs Treasury Inflation Protected USD Bond Index.The issuer believes that the smart beta approach will provide more liquidity and minimize exposure to factors that historically led to volatility and underperformance. Nearly, two-third of fund’s holdings has maturities of three-five years, five-seven years or seven-10 years.Since its inception on Oct 4, the fund has amassed $6.2 million and charges an expense ratio of 0.12%.How Does it Fit Into a Portfolio?Slew of upbeat economic data and Hawkish Fed comments have led to a surge in treasury yields. TIPS, SCHP, VTIP and IPE have expense ratios of 0.2%, 0.05%, 0.06% and 0.15%, respectively.Want key ETF info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.Get it free >>.

Read Full Details

Topics:
  • Business
  • Financial
News

Goldman Sachs cuts Netflix ahead of its earnings report (NFLX)

GS NFLX

Goldman Sachs cuts Netflix ahead of its earnings report (NFLX). Goldman Sachs on Monday cut its price target for the streaming stock to $430 from $470 — still a 26% upside to Monday's prices — citing an anticipated cut to 4th quarter guidance when Netflix reports third-quarter earnings on Tuesday. "While 3rd party data has most investors anticipating net subscriber additions beyond management’s July guidance, we believe that has been balanced by expectations for more conservative 4Q guidance," analyst Heath Terry, who remains above Wall Street's average price target and maintains a buy rating, said in a note to clients. The price target cut also "reflects the contraction in broader internet multiples," according to Goldman Sachs, which now factors in a 60x forward earnings-to-EBITDA ratio in its model where it had previously used 65.

Read Full Details

Topics:
  • Business
  • Financial
News

As Danaher Corp Del (DHR) Shares Rose, Shareholder Goldman Sachs Group INC Cut Holding

GS DHR

Stevens Cap Mgmt Lp has 0.93% invested in Danaher Corporation (NYSE:DHR) for 261,847 shares. Verition Fund Management Ltd Liability Corporation holds 0.21% in Danaher Corporation (NYSE:DHR) or 35,133 shares. The institutional investor held 4.68 million shares of the industrial machinery and components company at the end of 2018Q2, valued at $461.57M, down from 6.51 million at the end of the previous reported quarter. More notable recent Danaher Corporation (NYSE:DHR) news were published by: Finance.Yahoo.com which released: “Wait for the Upcoming Earnings Report Before Buying GE Stock” on October 10, 2018, also Seekingalpha.com with their article: “Danaher’s Pall Investor Meeting Underscores Several Business Strengths” published on September 20, 2018, Profitconfidential.com published: “DHR Stock: Leading in the Life Sciences Space” on October 04, 2018.

Read Full Details

Topics:
  • Business
  • Financial

Sunday, October 14


News

Oppenheimer Research Analysts Decrease Earnings Estimates for Goldman Sachs Group Inc (NYSE:GS) – Marea Informative

GS

Goldman Sachs Group Inc (NYSE:GS) – Equities research analysts at Oppenheimer dropped their Q3 2018 earnings per share (EPS) estimates for Goldman Sachs Group in a research note issued on Tuesday, September 18th, according to Zacks Investment Research. Oppenheimer analyst C. Kotowski now expects that the investment management company will earn $5.41 per share for the quarter, down from their previous estimate of $5.75. 4,159,502 shares of the company’s stock were exchanged, compared to its average volume of 3,114,379. Goldman Sachs Group has a 52-week low of $210.95 and a 52-week high of $275.31.

Read Full Details

Topics:
  • Business
  • Financial
News

Scout24 (ETR:G24) PT Set at €44.10 by Goldman Sachs Group – PressOracle

GS BAYN

Scout24 (ETR:G24) received a €44.10 ($51.28) price target from equities research analysts at Goldman Sachs Group in a note issued to investors on Wednesday, September 26th. The brokerage currently has a “neutral” rating on the stock. Finally, Royal Bank of Canada set a €43.00 ($50.00) price target on Scout24 and gave the stock a “neutral” rating in a report on Tuesday, July 17th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company’s stock.

Read Full Details

Topics:
  • Business
  • Financial

Saturday, October 13


News

Carnival (CCL) Given a $70.00 Price Target by Goldman Sachs Group Analysts – PressOracle

GS CCL +1 more GS CCL CCL

Carnival (NYSE:CCL) has been given a $70.00 target price by research analysts at Goldman Sachs Group in a research note issued to investors on Monday, September 24th. The stock has a market cap of $33.60 billion, a PE ratio of 15.25, a P/E/G ratio of 1.09 and a beta of 0.92. The company reported $2.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.04. In other news, General Counsel Arnaldo Perez sold 7,000 shares of Carnival stock in a transaction dated Monday, October 1st.

Read Full Details

Topics:
  • Business
  • Financial
News

SMITHS Grp PLC/S (SMGZY) Rating Reiterated by Goldman Sachs Group – PressOracle

GS

Zacks Investment Research raised shares of SMITHS Grp PLC/S from a sell rating to a hold rating in a research note on Thursday, June 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. SMITHS Grp PLC/S has a 12 month low of $17.70 and a 12 month high of $24.42. Smiths Group plc designs, manufactures, and sells various products and services for the threat and contraband detection, medical devices, energy, communications, and engineered components markets worldwide.

Read Full Details

Topics:
  • Business
  • Financial

Friday, October 12


News

Goldman, BofA and Morgan Stanley in Focus Next on Loans, Rates

GS JPM

Though her views heading into next week’s earnings, and for the fourth quarter, are little changed based on results so far, she flags JPMorgan’s outperformance in equity capital markets and equities trading, which bodes well for Goldman Sachs and Morgan Stanley. JPMorgan, Wells Fargo and PNC management teams continued to tout a strong economy with the release of their third-quarter results, but loan growth is "challenging," amid tougher competition, elevated pay-downs and falling loan utilization, SunTrust’s Jennifer Demba writes in a note. The third-quarter "is an example of ancient history," as reports won’t reflect the impact of higher rates on banks’ businesses, veteran bank analyst Richard Bove told Bloomberg. He’s skeptical NIMs are getting a boost from higher rates, as banks’ actual operating environment is different from a "theoretician’s view." Even though investors may hunger for comments about recent moves, bank leaders may not have had enough time to extrapolate yet, Mark Howard, senior multi-asset strategist at BNP Paribas, said in an interview.

Read Full Details

Topics:
  • Business
  • Financial