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, Nov 21, 04:26 UTC

Latest INX:GS News

Filter your feed

Apply Filter

Tuesday, October 15


News

Goldman Sachs' quarter soured by disappointing banking revenue, write-downs for Uber and other investments (GS)

GS UBR

Goldman Sachs' quarter soured by disappointing banking revenue, write-downs for Uber and other investments (GS). The bank traded as much as 1.9% lower after missing analyst estimates for quarterly earnings per share. Goldman Sachs reported third-quarter earnings that missed analyst estimates on Tuesday morning. The investment bank also took a $267 million markdown on public investments in companies like Uber and Tradeweb Markets.

Read Full Details

Topics:
  • Business
  • Financial
News

Goldman profit misses estimates on weak underwriting, M&A

GS

(Reuters) - Goldman Sachs Group Inc missed Wall Street estimates for quarterly profit on Tuesday, hit by lower fees from advising on deals and weakness in underwriting. At the bank's investing and lending division, where it invests its own balance sheet, net revenue from equity securities fell 40% from last year to $662 million. Last quarter, Goldman benefited from investments in several star IPOs, including Tradeweb Markets Inc, Avantor Inc, Uber Technologies Inc and Headhunter Group Plc, which together made up 55 percent of the bank's public investment portfolio. Wall Street's biggest banks are facing several challenges in growing their revenue, largely due to the ongoing U.S.-China trade war and concerns about further interest rate cuts by the U.S. Federal Reserve.

Read Full Details

Topics:
  • Business
  • Financial
News

Goldman’s Third Quarter Haunted by Uber, Other Stock Investments

GS WEW +3 more GS WEW UBR GBPCAD SCHW

(Bloomberg) -- Goldman Sachs Group Inc. was stung by soured investments in some big names in the third quarter, hurting its most profitable business line. The firm took a $267 million markdown in the period on public equity investments such as ride-hailing company Uber Technologies Inc., Avantor Inc. and Tradeweb Markets Inc. Goldman’s investment bankers also posted a much bigger decline in fees than analysts had predicted, down 15% from last year’s third quarter. Gains from investments with its own money are sometimes Goldman Sachs’s biggest profit driver, and executives have argued they showcase a core skill that should be valued by shareholders. But the slump in prized holdings will add to a perception that the investments are subject to unpredictable swings even as the firm works to provide more disclosure.

Read Full Details

Topics:
  • Business
  • Financial

Monday, October 14


News

Goldman Sachs Cuts 2020 Transports Earnings Estimates On Industrial Weakness

GS

Goldman Sachs Cuts 2020 Transports Earnings Estimates On Industrial Weakness. Goldman Sachs Group Inc (NYSE: GS) equities analysts believe that weakness in the industrial sector of the U.S. economy will persist through the first quarter of 2020 before positively inflecting in the second quarter, leading them to cut earnings estimates for the transportation companies in their coverage universe. Alliger's team cut 2020 earnings per share (EPS) estimates across a broad swath of transports – CSX (NASDAQ: CSX), Norfolk Southern (NYSE: NSC), Union Pacific (NYSE: UNP), Canadian National (TSX: CNR.TO), Canadian Pacific (TSX: CP.TO), FedEx Corp (NYSE: FDX), XPO Logistics (NYSE: XPO), J.B. Hunt (NASDAQ: JBHT), C.H. "Should we see the consumer slow sharply, or peak retail season disappoint, it would call into question our newly revised down EPS estimates for 2020 – in other words the potential for much deeper EPS cuts would arise," Alliger wrote.

Read Full Details

Topics:
  • Business
  • Financial
News

3 Undervalued Stocks to Buy According to Goldman Sachs

GS

Undervalued stocks are nothing new on Wall Street. And Goldman Sachs making a bullish call to defend a company’s shares is not exactly news either. But combine the two and add in price charts that confirm a bottom, and it’s clear that there’s plenty of potential in some underloved stocks. Nevertheless, when the firm’s chief U.S. strategist acknowledges major market headwinds, but sees superior upside potential in several undervalued stocks — such as Netflix (NASDAQ:NFLX) and Freeport-McMoRan (NYSE:FCX) — with 50% or more upside, it’s time to take notice. InvestorPlace - Stock Market News, Stock Advice & Trading Tips. But from there, we can whittle down that list of names to these three stocks to buy, since they have charts that can actually justify all the fuss. Undervalued Stocks to Buy: American Airlines (AAL). As most investors may be aware, AAL stock has been left behind over the past few years while the broader market has continued to rally to all-time-highs.

Read Full Details

Topics:
  • Business
  • Financial
News

Banks In Focus This Week As JPMorgan , Goldman Sachs, Others Report Tuesday

GS

Real in the sense that investors will finally have something solid to trade on and not just the latest back and forth around trade talks with China—like the one that helped spike stocks on Friday and now has them looking softer (see more below). Like a lot of sectors going into an earnings season when results are expected to be overall negative, the Financial sector faces challenges—notably the low-rate environment and slowing growth around the world. It could have simply been some profit taking heading into the weekend, with the trade situation still unclear as the closing bell rang. Some investors might have been hoping for something more cut and dry as far as a trade agreement, and could have become disappointed when they heard “phase one,” Briefing.com said. Material sector companies also got a boost at the end of the old week, including a sparkling day for mining company Freeport-McMoRan Inc (NYSE: FCX), which climbed 7%.

Read Full Details

Topics:
  • Business
  • Financial

Sunday, October 13


News

REFILE-Guggenheim’s Dubai venture hires Goldman Sachs' Abu Innab to head MENA coverage

GS

REFILE-Guggenheim’s Dubai venture hires Goldman Sachs' Abu Innab to head MENA coverage. Oct 13 (Reuters) - U.S. financial services firm Guggenheim Partners' venture in Dubai said on Sunday it has hired Goldman Sachs banker Omar Abu Innab to lead investment banking coverage and new client acquisitions for the Middle East and North Africa. Guggenheim KBBO Partners - a joint venture with Abu Dhabi's Khalifa Butti Bin Omeir (KBBO) Group and headquartered in the Dubai International Financial Center (DIFC) - said it hoped the appointment would help its efforts to expand in the region. During Abu Innab's time at the bank, Goldman Sachs was mandated on several deals including the initial public offering of Saudi Arabia's Arabian Centres, the sale of a stake in Saudi Basic Industries Corp to state oil giant Saudi Aramco, and merger talks between Saudi Arabia's Riyad Bank and National Commercial Bank .

Read Full Details

Topics:
  • Business
  • Financial

Saturday, October 12


News

Adyen (OTCMKTS:ADYYF) Rating Increased to Conviction-Buy at Goldman Sachs Group – TechNewsObserver

GS ADYEN

Adyen (OTCMKTS:ADYYF) was upgraded by investment analysts at Goldman Sachs Group from a “buy” rating to a “conviction-buy” rating in a report released on Thursday, The Fly reports. The firm’s 50-day moving average price is $695.14 and its 200-day moving average price is $752.78. Adyen N.V. operates as technology company in the Netherlands, Brazil, Singapore, the United Kingdom, Canada, Australia, South Korea, Hong Kong, Mexico, China, New Zealand, Malaysia, India, Japan, and the United States. The company offers Adyen platform that integrates gateway, risk management, processing, acquiring, and settlement of payments for directly connecting merchants to Visa, Mastercard, and other payment methods, as well as sales channels, including its merchants' online, mobile, and point-of-sale channels.

Read Full Details

Topics:
  • Business
  • Financial

Friday, October 11


News

Sell CrowdStrike Stock, Buy Workday, Goldman Sachs Says

GS

CrowdStrike shares are trading sharply amid a broad market rally Friday, after Goldman Sachs analyst Heather Bellini cut her rating on the endpoint security software company to Sell from Neutral. Bellini also upped her rating on Workday to Buy from Neutral.

Read Full Details

Topics:
  • Business
  • Health
  • Financial
News

Airbus (EPA:AIR) PT Set at €156.00 by Berenberg Bank – Riverton Roll

GS AIR

Airbus (EPA:AIR) has been given a €156.00 ($181.40) target price by stock analysts at Berenberg Bank in a report issued on Friday, Borsen Zeitung reports. Berenberg Bank’s price objective would indicate a potential upside of 32.07% from the company’s previous close. JPMorgan Chase & Co. set a €161.00 ($187.21) price target on shares of Airbus and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Five investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company.

Read Full Details

Topics:
  • Business
  • Financial