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Goldman Sachs Group Inc (GS)

GS on New York Consolidated

242.41USD
16 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Goldman Sachs reports Q3 earnings per common share of $5.02
7:46am EDT 

Oct 17 (Reuters) - Goldman Sachs Group Inc ::Goldman Sachs reports third quarter earnings per common share of $5.02.Quarterly net revenue $8.33 billion versus $8.17 billion.Says net revenues in Institutional Client Services were $3.12 billion for the third quarter of 2017, 17 percent lower.Q3 earnings per share view $4.17, revenue view $7.54 billion -- Thomson Reuters I/B/E/S.Quarterly annualized ROE was 10.9 percent versus 11.2 percent.Quarterly book value per common share increased by 1.8 percent during the quarter and 4.5 percent during the year-to date to $190.73‍​.Says net revenues in Fixed Income, Currency and Commodities Client Execution were $1.45 billion for the third quarter of 2017, 26 percent lower.Says net revenues in Investment Banking were $1.80 billion for the third quarter of 2017, 17 percent higher than the third quarter of 2016.Quarterly net revenues in Equities $1.67 billion, 7 percent lower than last year.Says operating expenses were $5.35 billion for third quarter of 2017, essentially unchanged compared with third quarter of 2016‍​.Says non-compensation expenses were $2.18 billion for the third quarter of 2017, 4 percent higher than the third quarter of 2016.Goldman Sachs' Blankfein says ‍​overall performance this year has been solid.  Full Article

Goldman plans acquisition of mortgage-lender Genesis Capital - WSJ‍​
Thursday, 12 Oct 2017 12:43pm EDT 

Oct 12 (Reuters) - :Goldman plans acquisition of mortgage-lender Genesis Capital, purchase could be announced this week - WSJ, citing sources‍​.  Full Article

Genesis Capital signs deal with an affiliate of Goldman Sachs
Thursday, 12 Oct 2017 12:43pm EDT 

Oct 12 (Reuters) - Goldman Sachs Group Inc :Genesis Capital signs agreement with Goldman Sachs to support next phase of growth.Says ‍terms of transaction were not disclosed​.Says it is being acquired from funds managed by Oaktree Capital Management L.P and Management​.  Full Article

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

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Goldman Sachs beats Wall Street as bond trading falls less than expected

Goldman Sachs Group Inc beat Wall Street estimates, as bond trading fell less than expected, and investment banking and investing and lending helped buoy results.