Edition:
United States

Goldman Sachs Group Inc (GS)

GS on New York Consolidated

220.18USD
21 Jul 2017
Change (% chg)

$-2.12 (-0.95%)
Prev Close
$222.30
Open
$221.89
Day's High
$222.31
Day's Low
$219.09
Volume
3,446,620
Avg. Vol
3,692,949
52-wk High
$255.15
52-wk Low
$155.37

Latest Key Developments (Source: Significant Developments)

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

Goldman Sachs says federal reserve board did not object to Co's capital plan
Wednesday, 28 Jun 2017 04:50pm EDT 

June 28 (Reuters) - Goldman Sachs Group Inc ::Goldman Sachs - federal reserve board did not object to co's capital plan.Goldman Sachs CEO Lloyd Blankfein says "“we are well positioned to continue to return capital to our shareholders".  Full Article

Compareeuropegroup appoints former investment banker Georgy Egorov as its CFO
Wednesday, 21 Jun 2017 11:09pm EDT 

June 22 (Reuters) - Compareeuropegroup:Compareeuropegroup appoints former Goldman Sachs and UBS investment banker Georgy Egorov as its CF.CompareEuropeGroup is an European financial management platform for insurance, banking, and telco products .Egorov joins co after 19 years in the finance industry including various positions with Goldman Sachs and UBS, where he headed equity capital markets for emerging markets .CompareEuropeGroup was founded in 2015 by former McKinsey and Goldman Sachs trio, Antonio Gagliardi, Thomas Munk and Mads Faurholt-Jorgensen .CompareEuropeGroup closed their EUR 20 million Series A earlier this year led by ACE & Company and including Pacific Century Group, Nova Founders Capital, SBI Holdings alongside Mark Pincus, founder of Zynga and Peter Thiel, founder of Paypal .  Full Article

Goldman Sachs says about $1,217 million in combined aggregate principal amount of notes validly tendered
Wednesday, 7 Jun 2017 08:00am EDT 

June 7 (Reuters) - Goldman Sachs Group Inc :Goldman Sachs announces final results of its tender offer for subordinated notes.Goldman Sachs says about $1,217 million in combined aggregate principal amount of notes validly tendered and not validly withdrawn prior to expiration time.  Full Article

Goldman Sachs takes share stake of 1.1 mln shares in Snap Inc
Monday, 15 May 2017 03:45pm EDT 

May 15 (Reuters) - Goldman Sachs Group Inc ::Takes share stake of 1.1 million shares in Snap Inc - SEC filing.Change in holdings are as of March 31, 2017 and compared with the previous quarter ended as of Dec. 31, 2016.  Full Article

Goldman Sachs reports tender offer for up to $750 mln of outstanding subordinated notes
Tuesday, 9 May 2017 08:01am EDT 

May 9 (Reuters) - Goldman Sachs Group Inc ::Goldman Sachs announces tender offer for up to $750 million combined aggregate principal amount of outstanding subordinated notes.Goldman Sachs - commencement of a tender offer to purchase for cash up to $750 million amount of its outstanding 6.450 pct subordinated notes due 2036.Goldman Sachs - commencement of a tender offer to also purchase its outstanding 5.950 pct subordinated notes due 2027 and 6.75 pct subordinated notes due 2037.  Full Article

Goldman Sachs to promote Gregg Lemkau and Marc Nachmann as co-heads of investment banking unit- WSJ
Monday, 8 May 2017 10:38am EDT 

May 8 (Reuters) - :Goldman Sachs plans to promote Gregg Lemkau and financing exec Marc Nachmann to join John Waldron as co-heads of investment banking unit- WSJ, citing sources.  Full Article

Goldman Sachs reports Q1 earnings per common share of $5.15
Tuesday, 18 Apr 2017 07:45am EDT 

April 18 (Reuters) - Goldman Sachs Group Inc ::Goldman Sachs reports first quarter earnings per common share of $5.15 and increases the quarterly dividend to $0.75 per common share.Says Q1 annualized roe was 11.4 percent versus 6.4 percent.CET1 ratio (Basel III advanced) was 12.9 percent as of March 31 versus. 13.1 percent as of December 31.Quarterly net revenue $8.03 billion versus $6.34 billion.Q1 earnings per share view $5.31, revenue view $8.45 billion -- Thomson Reuters I/B/E/S.Book value per common share increased by 1.4% during the quarter to $184.98.Q1 net revenues in fixed income, currency and commodities client execution were $1.69 billion, essentially unchanged.Net revenues in investment banking were $1.70 billion for the first quarter of 2017, 16 percent higher than the first quarter of 2016.Says operating expenses were $5.49 billion for the first quarter of 2017, 15 percent higher than the first quarter of 2016.Q1 net revenues in equities were $1.67 billion for the first quarter of 2017, 6 percent lower than the first quarter of 2016.Says non-compensation expenses were $2.20 billion for the first quarter of 2017, 5 percent higher than the first quarter of 2016.Goldman Sachs' Blankfein says "operating environment was mixed, with client activity challenged in certain market-making businesses" in the quarter.Says during Q1, fixed income, currency and commodities client execution operated in an environment characterized by political uncertainty.  Full Article

Photo

UK's Hammond told Goldman Sachs he wants long Brexit transition: source

LONDON British finance minister Philip Hammond told the board of U.S. investment bank Goldman Sachs that he was pushing for a lengthy transition period after Britain leaves the European Union, a source familiar with the talks said.