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Goldman Sachs Group Inc (GS)

GS on New York Consolidated

222.15USD
18 Aug 2017
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Latest Key Developments (Source: Significant Developments)

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Sachs says about $1,217 million in combined aggregate principal amount of notes validly tendered and not validly withdrawn prior to expiration time.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

Goldman Sachs declares dividends on series of its non-cumulative preferred stock
Thursday, 13 Apr 2017 05:08pm EDT 

Goldman Sachs - :Declares dividends on series of its non-cumulative preferred stock.  Full Article

BRIEF-Allied Irish to sell 'Project Cypress' portfolio to Goldman Sachs
Thursday, 13 Apr 2017 03:21pm EDT 

Corrects typo in headline.Allied Irish Banks Plc : Agreed to transfer portfolio of impaired buy-to-let loans, vast majority of which in deep long term arrears, to Goldman Sachs . Reduced its impaired loans to about 9 billion euros from peak of about 29 billion euros over the past three years . Says name of portfolio being sold to Goldman Sachs is 'Project Cypress' Further company coverage: [ALBK.I] ((Bangalore.newsroom@thomsonreuters.com;)) Keywords: (CORRECTED).  Full Article

AIB to sell Project Cyprus portfolio to Goldman Sachs
Thursday, 13 Apr 2017 03:05pm EDT 

Allied Irish Banks Plc : Agreed to transfer portfolio of impaired buy-to-let loans, vast majority of which in deep long term arrears, to goldman sachs . Reduced its impaired loans to about 9 billion euros from peak of about 29 billion euros over the past three years . Says name of portfolio being sold to goldman sachs is 'project cypress ' Further company coverage: [ALBK.I] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Sorl Auto Parts reports Q4 EPS $0.43
Friday, 31 Mar 2017 06:00am EDT 

Sorl Auto Parts Inc : Sorl Auto Parts reports approximately 40 pct rise in net income in the fourth quarter of 2016 . Q4 earnings per share $0.43 . Sees FY 2017 sales about $300 million . Q4 sales rose 45.7 percent to $82.9 million . For fiscal year 2017, management expects net income attributable to stockholders to be approximately $21.0 million ."Experiencing increased orders in the first half of the year".  Full Article

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Exclusive: SEC officials' holdings, legal work, pose potential conflicts

WASHINGTON Two lawyers appointed to senior jobs at the U.S. Securities and Exchange Commission have ties to major companies including financial firms Goldman Sachs Group Inc and Wells Fargo & Co that could complicate efforts to regulate them, according to government documents viewed by Reuters.