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Goldman Sachs Group Inc (GS)

GS on New York Consolidated

241.45USD
8 Dec 2016
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Latest Key Developments (Source: Significant Developments)

Goldman COO who met with Trump weighs his future at co - CNBC, citing DJ
Wednesday, 30 Nov 2016 12:56pm EST 

: Goldman Sachs COO Gary Cohn who met with Trump yesterday, is weighing his future at the company & has had discussions about leaving the company - CNBC, citing DJ ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Goldman Sachs updates on top end of legal loss estimate at Sept-end
Thursday, 3 Nov 2016 07:19am EDT 

Goldman Sachs Group Inc : Goldman Sachs Group Inc - Estimates upper end of reasonably possible aggregate legal loss of about $1.7 billion in excess of the aggregate reserves as of September-end . Goldman Sachs Group Inc - Goldman sachs group had estimated upper end of reasonably possible aggregate legal loss of about $2.0 billion in excess of aggregate reserves as of June-end .Goldman Sachs Group Inc - Trading losses incurred on a single day did not exceed its 95% one-day VaR during the third quarter of 2016.  Full Article

SVG Capital agrees to sell its investment portfolio to HarbourVest
Tuesday, 18 Oct 2016 08:30am EDT 

SVG Capital Plc : Investment portfolio sale and company wind down . SVG Capital signs asset transfer deed with HarbourVest for sale of its investment portfolio . Says equates to an approximate aggregate value per share of 715 pence . Says final capital distribution in winding up process expected to be in Q2/Q3 2017 .Has confirmed to HarbourVest Bidco that it will be recommending asset purchase transaction to shareholders.  Full Article

Goldman Sachs Q3 EPS $4.88
Tuesday, 18 Oct 2016 07:38am EDT 

Goldman Sachs Group Inc : Goldman Sachs reports third quarter earnings per common share of $4.88 . Common Equity Tier 1 ratio (Basel III advanced) 12.4 percent as of Sept 30 versus 12.2 percent as of June 30 . Q3 annualized ROE was 11.2 percent versus 7 percent last year . Book value per common share increased by 2.6% during the quarter . Operating expenses were $5.30 billion for the third quarter of 2016, 10% higher than the third quarter of 2015 . Q3 net revenue $8.17 billion versus $6.86 billion . Non-Compensation expenses were $2.09 billion for the third quarter of 2016, 15% lower than the third quarter of 2015 . Net revenues in investment banking were $1.54 billion for the third quarter of 2016, essentially unchanged compared with last year . The ratio of compensation and benefits to net revenues for the first half of 2016 was 42.0% . Q3 earnings per share view $3.82, revenue view $7.42 billion -- Thomson Reuters I/B/E/S . Total staff was essentially unchanged during the third quarter of 2016 and decreased by 1,900 or 5% during the year to-date . Goldman's Blankfein says "we saw solid performance across the franchise that helped counter typical seasonal weakness" in Q3 . Net revenues in fixed income, currency, commodities client execution were $1.96 billion for Q3, 34% higher than Q3 of 2015 . Goldman's Blankfein says "we continue to manage our balance sheet conservatively and are benefiting from the breadth of our offerings to clients".  Full Article

Goldman Sachs says vice chairman Mark Schwartz to retire
Monday, 17 Oct 2016 04:30pm EDT 

Goldman Sachs Group Inc : Says Mark Schwartz, currently vice chairman of company and chairman of Goldman Sachs Asia Pacific, to retire, effective December 31 - SEC filing . Says Mark Schwartz will continue as a senior director Source: (http://bit.ly/2ec7lf8) Further company coverage: [GS.N] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

SVG says not received offer from Harbourvest for asset purchase alternative
Monday, 10 Oct 2016 02:00am EDT 

SVG Capital Plc : SVG capital plc - response to press statement from harbourvest bidco . Notes press release issued by Harbourvest bidco on saturday evening regarding a possible offer for 100 pct of company's investment portfolio . Has received no offer from Harbourvest bidco for asset purchase alternative . Notes Harbourvest bidco's comment that there can be no certainty that any firm offer will be effected or as to its terms .Will update shareholders in due course.  Full Article

U.S. judge dismisses aluminum price-fixing antitrust litigation
Wednesday, 5 Oct 2016 04:30pm EDT 

: U.S. judge dismisses aluminum price-fixing antitrust litigation -- court ruling . U.S. district judge katherine forrest in Manhattan dismisses claims by so-called "first level" purchasers . Judge rules two months after federal appeals court upheld her dismissal of similar claims by indirect purchasers . Judge says first level purchasers lack antitrust standing, and that their substantive claims also fall short.  Full Article

SVG says Goldman Sachs, CPPIB propose to buy all of portfolio
Wednesday, 5 Oct 2016 09:15am EDT 

SVG Capital Plc : Proposal for sale of 100 pct of investment portfolio . Has received a proposal Goldman Sachs and certain investment entities managed by Canada Pension Plan Investment Board (CPPIB) . Proposal is being evaluated urgently by company and board will update market as soon as possible . Can be no certainty that proposal will be effected or as to its terms .Board continues to recommend that shareholders do not accept HarbourVest Bidco's offer.  Full Article

HarbourVest says SVG proposals uncertain, subject to risks
Wednesday, 5 Oct 2016 02:00am EDT 

HarbourVest Structured SolutionsIII: Response to SVG capital proposals . SVG Capital proposals are uncertain, highly conditional, complex, prolonged and subject to significant market and execution risk . Also offers shareholders a single 'clean break', with HarbourVest absorbing risks and uncertainties attendant in winding down SVG Capital .Urge shareholders to accept our offer without delay.  Full Article

Danish national audit office to investigate DONG Energy IPO process
Wednesday, 14 Sep 2016 10:36am EDT 

The Danish Public Accounts Committee on Wednesday asked the National Audit Office to investigate DONG Energy for the following: Preparations for the sale of shares in DONG Energy, the actual sale and the subsequent flotation . The management and finance ministry's role in the valuation and sale of shares . The development of DONG Energy's debt since the 2012 full-year results . DONG Energy's dividend payout to Goldman Sachs and the Danish state since flotation . The development of DONG Energy's share price since the IPO on June 9, 2016 Further company coverage: [DENERG.CO] (Reporting by Jacob Gronholt-Pedersen) ((jacob.pedersen@thomsonreuters.com;)).  Full Article

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Blackstone's Schwarzman sees historic regulatory overhaul from Trump

Blackstone Group LP Chairman and CEO Steve Schwarzman said on Tuesday he expected to see a "very substantial reversal of regulations of all types," for the financial sector, following Donald Trump's U.S. presidential election victory.