Edition:
United States

Goldman Sachs Group Inc (GS)

GS on New York Consolidated

244.73USD
20 Oct 2017
Change (% chg)

$4.74 (+1.98%)
Prev Close
$239.99
Open
$242.95
Day's High
$245.25
Day's Low
$240.67
Volume
3,022,769
Avg. Vol
2,929,549
52-wk High
$255.15
52-wk Low
$172.51

Latest Key Developments (Source: Significant Developments)

Cabot Credit Management announces intention to float on LSE
Friday, 20 Oct 2017 05:30am EDT 

Oct 20 (Reuters) - Cabot Credit Management Ltd :INTENTION TO FLOAT.‍TODAY ANNOUNCES ITS INTENTION TO PROCEED WITH AN INITIAL PUBLIC OFFERING​.‍INTENDS TO APPLY FOR ADMISSION OF ITS ORDINARY SHARES TO PREMIUM LISTING SEGMENT OF OFFICIAL LIST OF FINANCIAL CONDUCT AUTHORITY​.‍OFFER WILL COMPRISE AN OFFER OF SHARES TO INSTITUTIONAL INVESTORS​.‍OFFER IS EXPECTED TO RAISE GROSS PRIMARY PROCEEDS TO COMPANY OF APPROXIMATELY £195 MILLION​.‍ADMISSION IS EXPECTED TO TAKE PLACE IN NOVEMBER 2017​.‍GOLDMAN SACHS AND MORGAN STANLEY & CO. ARE ACTING AS JOINT GLOBAL CO- ORDINATORS, JOINT BOOKRUNNERS AND JOINT SPONSORS​.‍JEFFERIES INTERNATIONAL AND NUMIS SECURITIES ACTING AS JOINT BOOKRUNNERS AND LAZARD & CO., IS ACTING AS FINANCIAL ADVISER.  Full Article

Goldman Sachs redeems outstanding depositary shares
Wednesday, 18 Oct 2017 06:37pm EDT 

Oct 18 (Reuters) - Goldman Sachs Group Inc : :Goldman Sachs announces redemption of all outstanding depositary shares representing interest in its 5.95% non-cumulative preferred stock, Series I.Goldman Sachs-depositary shares will be redeemed for $25 per depositary share plus any dividends that have accrued but not been paid.Goldman Sachs-with redemption of Series I preferred stock, the bank of New York Mellon will redeem depositary shares on the redemption date.  Full Article

Goldman Sachs announces launch of proposed public offering
Wednesday, 18 Oct 2017 07:45am EDT 

Oct 18 (Reuters) - Goldman Sachs ::Goldman Sachs - ‍on October 18, co announced launch of a proposed public offering of depositary shares - SEC filing​.Says offering ‍of depositary shares​ is subject to pricing, which has not yet occurred​.Goldman Sachs - ‍each depositary share represents 1/25(th)interest in share of co's new series of fixed-to-floating rate non-cumulative preferred stock, series P​.Goldman Sachs - intends to use proceeds from offering to redeem 5.95% non-cumulative preferred stock, series I, $25,000 liquidation preference/share​.  Full Article

Goldman Sachs reports Q3 earnings per common share of $5.02
Tuesday, 17 Oct 2017 07:46am 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

UK Court of Appeal refuses Libyan SWF right to appeal in Goldman case

LONDON, Oct 20 Britain's Court of Appeal has refused Libya's $67 billion sovereign wealth fund the right to appeal against the 2016 judgment handed down by Britain's High Court in the fund's $1.2 billion case against Goldman Sachs.