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Goldman Sachs Group Inc (GS)

GS on New York Consolidated

229.79USD
20 Sep 2017
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Latest Key Developments (Source: Significant Developments)

Goldman Sachs Bank buys $300 Mln in home solar loans originated by Mosaic​
Monday, 11 Sep 2017 11:31am EDT 

Sept 11 (Reuters) - Goldman Sachs Bank::Goldman Sachs Bank says co, Mosaic, announced purchase commitment in which co will purchase $300 million in home solar loans originated by Mosaic​.  Full Article

Soros Fund Management dissolves share stake in Goldman Sachs
Monday, 14 Aug 2017 06:25pm EDT 

Aug 14 (Reuters) - Soros Fund Management::Soros Fund Management dissolves share stake in Goldman Sachs - SEC filing‍​.Change in holdings are as of June 30, 2017 and compared with the previous quarter ended as of March 31, 2017‍​.  Full Article

GIC, Blackstone, MassMutual buy out Goldman Sachs stake in Rothesay Life
Wednesday, 9 Aug 2017 03:08am EDT 

Aug 9 (Reuters) - Massmutual Life Insurance Co [RIC:RIC:MMLICJ.UL]:Blackstone, GIC and MassMutual to acquire Goldman Sachs' shareholding in Rothesay Life..GIC and Blackstone will hold equal largest stakes in Rothesay; no financial details disclosed..  Full Article

Singapore's GIC, MassMutual and Blackstone to buy Goldman's stake in Rothesay Life- Sky News
Friday, 4 Aug 2017 11:45am EDT 

Aug 4 (Reuters) - :Singapore's GIC, MassMutual and Blackstone, will announce deal early next week to buy Goldman's 33 pct stake in Rothesay Life- Sky News,citing sources.Transaction is expected to value Rothesay at about 2 billion stg- Sky News,citing sources.  Full Article

Goldman Sachs updates on class action related to orders placed on some electronic currency trading platforms
Friday, 4 Aug 2017 06:28am EDT 

Aug 4 (Reuters) - Goldman Sachs Group Inc :Goldman Sachs - On July 12, GS&Co and group were named defendants in putative class action filed in U.S. District court for southern district of New York‍​.Goldman Sachs - July 12 class action alleges GS&Co "improperly" delayed, cancelled orders placed on some electronic currency trading platforms - SEC filing.  Full Article

Goldman Sachs updates on top end of legal loss estimate at June-end‍​
Friday, 4 Aug 2017 06:26am EDT 

Aug 4 (Reuters) - Goldman Sachs Group Inc :Goldman Sachs - Estimates upper end of reasonably possible aggregate legal loss of about $1.5 billion in excess of the aggregate reserves as of June-end‍​.Goldman Sachs had estimated upper end of reasonably possible aggregate legal loss of about $1.8 billion in excess of aggregate reserves as of March-end.  Full Article

Goldman Sachs invests $35 mln to accelerate growth of beqom
Tuesday, 25 Jul 2017 03:00am EDT 

July 25 (Reuters) - Goldman Sachs Group Inc ::Goldman Sachs invests $35 million to accelerate growth of beqom.  Full Article

Goldman Sachs reports Q2 earnings of $3.95 per common share
Tuesday, 18 Jul 2017 07:46am EDT 

July 18 (Reuters) - Goldman Sachs Group Inc :Goldman Sachs reports second quarter earnings per common share of $3.95.Quarterly revenues $7.89 billion versus $7.93 billion.Q2 earnings per share view $3.39, revenue view $7.52 billion -- Thomson Reuters I/B/E/S.Q2 annualized ROE was 8.7 percent versus 8.7 percent.Says operating expenses were $5.38 billion for second quarter of 2017, 2 percent lower than both second quarter of 2016 and first quarter of 2017‍​.Quarterly net revenues in fixed income, currency and commodities client execution were $1.16 billion for the second quarter of 2017, down 40 percent.Says net revenues in investment banking were $1.73 billion for the second quarter of 2017, 3 percent lower than the second quarter of 2016 ‍​.Quarterly net revenues in equities were $1.89 billion for the second quarter of 2017, 8 percent higher than the second quarter of 2016.Says non-compensation expenses were $2.15 billion for second quarter of 2017, essentially unchanged compared with the second quarter of 2016.Quarterly book value per common share was $187.32.Goldman Sachs CEO says "Mixed operating environment persisted into second quarter as conditions continued to support underwriting and M&A".Says firm's Basel III advanced common equity Tier 1 ratio was 12.5 percent as of June 30, 2017, compared with 12.9 percent as of March 31, 2017.  Full Article

Goldman Sachs' Q2 results press release
Tuesday, 18 Jul 2017 07:38am EDT 

Please click on the link below for Goldman Sachs Group Inc's quarterly earnings press release::.  Full Article

ABM Industries to buy GCA Services for about $1.25 bln
Wednesday, 12 Jul 2017 06:30am EDT 

July 12 (Reuters) - ABM Industries Inc -:ABM Industries to acquire GCA Services Group, a facility services leader in the education and commercial industries.ABM Industries to acquire GCA Services Group, a facility services leader in the education and commercial industries.Estimated cost synergies of approximately $20 million to $30 million.ABM Industries Inc - ‍estimated cost synergies of approximately $20 million to $30 million from deal​.ABM Industries Inc - deal for ‍approximately $1.25 billion in cash and stock​.ABM Industries Inc - deal increases annual revenues by approximately $1.1 billion and adjusted ebitda by approximately $100 million.ABM Industries Inc says abm plans to fund cash portion of purchase price and transaction expenses via its amended revolving credit facility.ABM Industries Inc - ‍to acquire GCA Services Group from affiliates of Thomas H. Lee Partners, L.P., Goldman Sachs merchant banking division for about $1.25 billion in cash and stock​.ABM Industries Inc says there are no changes to company's fiscal year outlook at this time.ABM Industries Inc - ABM expects to incur approximately $70 million in one-time, transaction, synergy, and integration-related costs.ABM Industries Inc - ‍under terms of agreement, abm will acquire gca for $851 million in cash and $399 million in shares of abm common stock​.ABM Industries Inc - ‍no changes to company's fiscal year outlook at this time​.  Full Article

BRIEF-Goldman Sachs Group reports 7 pct passive stake in ABM Industries as of Sept 1 - SEC Filing

* Goldman Sachs Group Inc reports 7.0 percent passive stake in ABM Industries Inc as of September 1 - SEC Filing Source text: [http://bit.ly/2heUtrE] Further company coverage: