Goldman Sachs NYSE: GS bankowość inwestycyjna

[slayer74]

Goldman Sachs zaoferuje kontrakty na bitcoina
Amerykański bank inwestycyjny wznawia działalność odnogi zajmującej się kryptowalutami i zaoferuje klientom kontrakty na bitcoina. Goldman Sachs podjął taką decyzję ze względu na wzrost notowań bitcoina w ostatnich miesiącach.
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https://www.parkiet.com/Gospodarka---Sw ... coina.html

[slayer74]

PUBLIKACJA: 01.04.2021 05:00

Bitcoin lepiej widziany
Goldman Sachs może wkrótce zaoferować swoim bogatym klientom możliwość inwestowania w bitcoina oraz w inne aktywa cyfrowe.

https://www.parkiet.com/Kryptowaluty/30 ... ziany.html
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PUBLIKACJA: 31.03.2021 05:00

The Guardian: Konflikt zażegnany?
Szefostwo Goldmana Sachsa w odpowiedzi na wyciek raportu dotyczący nieludzkich warunków pracy najmłodszych bankierów postanowił wynagrodzić ich cierpienia koszami owoców.

https://www.parkiet.com/Gospodarka---Sw ... gnany.html

[slayer74]

The Goldman Sachs Group hikes dividend by 60 percent. $GS

[slayer74]

Goldman Sachs Group Inc. said Thursday that it has agreed to buy European asset manager NN Investment Partners from NN Group NV for around 1.6 billion euros ($1.87 billion).

The U.S. banking giant said NN Investment Partners is highly complementary to Goldman Sachs Asset Management's existing European footprint and will strengthen its fund management and distribution platform. Based in The Hague, Netherlands, NN Investment Partners has around $355 billion in assets under supervision and approximately $70 billion in assets under advice, Goldman Sachs said.

NN Group said the deal is worth EUR1.7 billion in cash, consisting of a base purchase price of EUR1.52 billion and a ticking fee and excess capital to be distributed as a dividend ahead of condition.

NN Group said it and Goldman Sachs Asset Management will enter into a ten-year strategic partnership under which the combined entity will provide asset management services to NN Group as part of the deal.

Goldman Sachs said the deal is expected to close by the end of the first quarter of 2022, but remains subject to regulatory and other approvals and conditions.

https://www.marketwatch.com/story/goldm ... =bulletrss

[slayer74]

Od przyszłego roku nowym dyrektorem finansowym (CFO) Goldman Sachs zostanie Denis Coleman. Zastąpi na tym stanowisku odchodzącego na emeryturę Stephena Scherra.

[slayer74]

Były analityk ds. compliance z warszawskiego biura banku Goldman Sachs został oskarżony przez SEC (amerykański odpowiednik KNF) o wykorzystywanie informacji poufnych. Do jego obowiązków należało tymczasem... zapobieganie insider tradingowi.

https://www.pb.pl/sec-oskarzyl-o-inside ... hs-1129042

[slayer74]

Goldman Sachs poinformował w czwartek o zakończeniu swojej działalności w Rosji. To pierwszy duży bank inwestycyjny na świecie, który podjął taką decyzję w związku z inwazją Rosji na Ukrainę.

https://www.msn.com/pl-pl/finanse/najpo ... hp&pc=U531

[slayer74]

LONDON (Reuters) – Goldman Sachs said on Monday it has acquired Netherlands-based asset manager NN Investment Partners from NN Group for 1.7 billion euros ($1.85 billion).

[slayer74]

Goldman Sachs hikes dividend by 25%

[slayer74]

Goldman Sachs (NYSE:GS), meanwhile, climbed more than 2% after reporting blowout third-quarter earnings, underpinned by strong performance in its fixed-income trading division.

Latest Release
Oct 18, 2022

EPS / Forecast
8.25 / 7.8

Revenue / Forecast
11.98B / 11.37B

[slayer74]

Goldman Sachs Group Inc (NYSE:GS) slid 7.5% after the bank reported a bigger-than-expected drop in quarterly profit, dragging the price-weighted Dow Jones Industrial Average lower.

Latest Release
Jan 17, 2023

EPS / Forecast
3.32! / 5.56

Revenue / Forecast
10.59B / 10.79B

[slayer74]

Akcje Goldman Sachs (GS) tąpnęły wczoraj o 6,5% po publikacji słabszych od oczekiwań danych za czwarty kwartał, odzwierciedlające ciągłe spowolnienie w bankowości korporacyjnej, która przez lata napędzała wyniki banku. Drastyczny 48% r/r spadek przychodów z bankowości inwestycyjnej, kluczowej dla działalności GS, negatywnie wpłynął na bilans netto. GS wypracował zysk na akcję 3,32 USD (wobec konsensusu 5,56 USD na akcję), co stanowi największy rozdźwięk od lat. Nominalnie to 1,3 mld USD zysku, co stanowi spadek o 66% z 3,9 mld USD zysku rok temu. Przychody wyniosły około 10,6 mld USD, także poniżej średnich oczekiwań w wysokości 10,76 mld USD. Dyrektor generalny Goldman'a, David Solomon, przyznał w rozmowie z analitykami, że "Mówiąc wprost, ten kwartał był rozczarowujący (...) Te wyniki nie są tym, co chcemy zapewnić akcjonariuszom".

[slayer74]

Jefferies reiterated a Buy rating on Goldman Sachs (NYSE:GS) and raised their price target on the stock to $420.00 (From $393.00) ahead of the company's investor day on 2/28.

Jefferies analysts expect GS to reiterate their 15%-17%+ medium-term ROTCE and 60% efficiency ratio targets. Recent cost initiatives focused on headcount reductions are expected to drive $475M in run-rate savings (~$200M realized in 2023). However, this is only 2% of GS' 2022 expense base (3% of comp).

Given the strength of fundraising and the growth in asset management revenues, Jefferies expects higher growth targets. Specifically, third-party alternative fundraising sits at $179B vs a goal of $225B ('20-'24), with GS raising $72B in 2022 alone. In 2022, GS earned $8.8B in management fees against a 2024 goal of $10B, leaving ample opportunity to accelerate this target.

The analysts wrote in a note, "For the first detailed update since 2019, we head into Investor Day expecting a thorough look through across the businesses, with a particular focus on operating efficiency, streamlining of the consumer strategy, and updates on the organic growth strategy going forward. We expect details on market share opportunities across the IB and trading businesses, which have been particular areas of strength in terms of execution. Navigating this uncertain backdrop of market volatility, elevated inflation, geopolitical conflicts, and reduced capital markets activity are all factors that will be caveated when thinking about medium-term and long-term targets. Considering all of these factors, we expect GS' outlook to be balanced, with green shoots of strength in the near-term (i.e. trading, fund raising) and persistent optimism about the longer-term."

GS will host its investor day meeting on Feb 28 in New York.

Shares of GS are up 0.41% in mid-day trading on Friday.

[slayer74]

(Reuters) -Goldman Sachs Group Inc is expecting to incur $2.3 billion more in potential losses from legal proceedings than the reserves it had set aside for such matters last year, a regulatory filing by the investment bank showed on Friday.

That was in line with what the bank had estimated at the end of its third quarter in September, but was higher than the $2 billion loss it projected in 2021.

Goldman has been a target of lawsuits ranging from its role in Malaysia's 1MDB sovereign wealth fund scandal to the collapse of Archegos Capital Management in 2021.

A long-running gender bias lawsuit alleging widespread bias against women in pay and promotions at the Wall Street bank is also expected to head to trial later this year.

Goldman Sachs (NYSE:GS) also said it is cooperating with the Consumer Financial Protection Bureau (CFPB) and other governmental bodies relating to investigations and inquiries concerning the bank's U.S. credit card account management practices.

In the last regulatory filing it had mentioned the CFPB probe, but the latest filing suggested other government bodies were also seeking inquiries. The company did not identify the other bodies.

Goldman also approved a $30-billion stock buyback program in February, it disclosed in the filing.

The disclosure comes ahead of a crucial investor day, where Chief Executive David Solomon is expected to present plans to reach key financial goals after some missteps that led Goldman to temper ambitions for its consumer banking unit Marcus.

Investment banks are hoping for a rebound in dealmaking in the second half of 2023 as the Federal Reserve eases off its rate-hike cycle, after a tough year when financing dried up and companies postponed plans for mergers and acquisitions.

Last month, Goldman said it was cutting around 3,200 jobs, which comprised 6% of its workforce in an attempt to cut costs.

Goldman's shares were down nearly 0.5% in premarket trading on Friday, in line with other major U.S. banks. They had gained nearly 11% in the past year.

[slayer74]

Goldman Sachs approves $30 billion buyback
Goldman Sachs (NYSE:GS) announced a new $30B share repurchase of its common stock, replacing the existing share repurchase program.

On the same day, the company said it expects to incur $2.3B more in potential losses from legal proceedings than the reserves it had set aside for such matters last year.

JPMorgan raised its price target on the company to $408 from $400 while maintaining an Overweight rating.

Shares crept some 1% lower for the week.