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United States

Goldman Sachs Group Inc (GS.N)

GS.N on New York Stock Exchange

194.98USD
18 Jun 2019
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Latest Key Developments (Source: Significant Developments)

HSBC To Appoint Morgan Stanley As Joint Corporate Broker, Replacing Goldman Sachs - Sky News
Tuesday, 4 Jun 2019 08:11am EDT 

June 4 (Reuters) - :HSBC HOLDINGS TO APPOINT MORGAN STANLEY AS JOINT CORPORATE BROKER, REPLACING ARCH-RIVAL GOLDMAN SACHS - SKY NEWS CITY EDITOR.  Full Article

Goldman Sachs - Entered Into An Agreement To Acquire United Capital Financial Partners, Inc. For $750 Million In Cash.
Thursday, 16 May 2019 09:34am EDT 

May 16 (Reuters) - Goldman Sachs Group Inc ::GOLDMAN SACHS - ENTERED INTO AN AGREEMENT TO ACQUIRE UNITED CAPITAL FINANCIAL PARTNERS, INC. FOR $750 MILLION IN CASH..GOLDMAN SACHS - AS PART OF DEAL, JOE DURAN, FOUNDER AND CEO OF UNITED CAPITAL, WILL JOIN GOLDMAN SACHS..  Full Article

Goldman Sachs - Executive Vice President And CFO Stephen Scherr's 2018 Total Compensation Was $18 Mln
Friday, 22 Mar 2019 10:25am EDT 

March 22 (Reuters) - Goldman Sachs Group Inc ::GOLDMAN SACHS - RATIO BETWEEN DAVID SOLOMON’S COMPENSATION FOR 2018, AS DISCLOSED IN SUMMARY COMPENSATION TABLE, AND MEDIAN COMPENSATION IS ABOUT 151:1.GOLDMAN SACHS - PRESIDENT AND COO JOHN WALDRON'S 2018 TOTAL COMPENSATION WAS $20 MILLION.GOLDMAN SACHS - EXECUTIVE VICE PRESIDENT AND CFO STEPHEN SCHERR'S 2018 TOTAL COMPENSATION WAS $18 MILLION.  Full Article

The Shareholders Foundation Filed A Lawsuit Against Some Goldman Sachs Directors
Monday, 18 Mar 2019 08:10am EDT 

March 18 (Reuters) - Goldman Sachs Group Inc ::THE SHAREHOLDERS FOUNDATION - ANNOUNCES THAT A LAWSUIT WAS FILED BY A CURRENT INVESTOR IN NYSE: GS SHARES AGAINST CERTAIN GOLDMAN SACHS DIRECTORS.THE SHAREHOLDERS FOUNDATION - FILED LAWSUIT AGAINST SOME GOLDMAN SACHS DIRECTORS OVER ALLEGED BREACHES OF FIDUCIARY DUTIES IN RELATION WITH 1MDB SCANDAL.  Full Article

Fitch Says Volatility Strains Capital Markets At U.S. Banks
Tuesday, 29 Jan 2019 09:19am EST 

Jan 29 (Reuters) - Fitch::FITCH SAYS VOLATILITY STRAINS CAPITAL MARKETS AT U.S. BANKS.FITCH RATINGS SAYS SPIKE IN MARKET VOLATILITY IN Q4 DRAGGED DOWN OVERALL CAPITAL MARKETS RESULTS FOR 5 MAJOR U.S. TRADING BANKS.FITCH RATINGS SAYS THE 5 MAJOR U.S. TRADING BANKS INCLUDE BANK OF AMERICA, CITIGROUP, GOLDMAN SACHS, JPMORGAN, MORGAN STANLEY.FITCH SAYS EVEN WITH STRONG BACKLOG OF DEALS, CONTINUED VOLATILITY, MARKET SENTIMENT COULD IMPACT BANKS' ABILITY TO BRING TRANSACTIONS TO MARKET IN U.S..FITCH RATINGS, ON U.S. BANKS, SAYS TOO MUCH VOLATILITY IN FIXED INCOME SALES OUTWEIGHED STRENGTH IN EQUITY TRADING AND ADVISORY REVENUES THIS QUARTER.FITCH RATINGS, ON U.S. BANKS, SAYS 2019 IS OFF TO STRONG START, Q1 IS TYPICALLY STRONGEST OF YEAR; UNCLEAR HOW INVESTMENT BANKING REVENUE COULD BE IMPACTED.  Full Article

Nutmeg Secures £45 Million Funding Investment Led By Goldman Sachs & Convoy
Tuesday, 22 Jan 2019 10:12am EST 

Jan 22 (Reuters) - NUTMEG ::NUTMEG - SECURED £45 MILLION OF NEW INVESTMENT IN A FUNDING ROUND LED BY GOLDMAN SACHS AND CONVOY.  Full Article

Kuwait's KIPCO Appoints Goldman Sachs To Advise On Sale Of OSN
Wednesday, 21 Nov 2018 06:28am EST 

Nov 21 (Reuters) - KUWAIT PROJECTS COMPANY HOLDING ::KUWAIT PROJECTS COMPANY SAYS GOLDMAN SACHS INTERNATIONAL HAS BEEN APPOINTED TO ADVISE KIPCO ON SALE OF STAKE IN OSN.  Full Article

Goldman Sachs CFO says 2020 remains target date for revenue goal
Monday, 5 Nov 2018 09:34am EST 

Nov 5 (Reuters) - Goldman Sachs Group Inc ::GOLDMAN SACHS CFO SAYS BANK MINDFUL OF CREDIT CYCLE WHEN BUILDING MARCUS'S LOAN BOOK.GOLDMAN SACHS CFO SAYS BANK WILL CONTINUE TO BALANCE DEPLOYING CAPITAL INTO INVESTMENT OPPORTUNITIES WITH RETURNING CAPITAL TO SHAREHOLDERS.GOLDMAN SACHS CFO SAYS 2020 REMAINS TARGET DATE FOR BANK'S ADDITIONAL $5 BILLION REVENUE GOAL.GOLDMAN SACHS CFO SAYS MARKET VOLATILITY IN PAST MONTH HAS BEEN PRIMARILY IN EQUITIES; BANK HAS SEEN "GREATER IMPACT ON EQUITY CLIENTS THAN FICC CLIENTS".  Full Article

Goldman Sachs Reports Q3 Earnings Per Common Share Of $6.28
Tuesday, 16 Oct 2018 07:47am EDT 

Oct 16 (Reuters) - Goldman Sachs::GOLDMAN SACHS REPORTS THIRD QUARTER EARNINGS PER COMMON SHARE OF $6.28.QTRLY ANNUALIZED ROE WAS 13.1 PERCENT VERSUS 12.8 PERCENT REPORTED IN Q2.GOLDMAN SACHS QTRLY NET REVENUE $8.65 BILLION VERSUS $8.33 BILLION REPORTED LAST YEAR.NET REVENUES IN INSTITUTIONAL CLIENT SERVICES WERE $3.10 BILLION FOR Q3 OF 2018, ESSENTIALLY UNCHANGED VERSUS Q3 OF 2017.Q3 EARNINGS PER SHARE VIEW $5.38, REVENUE VIEW $8.38 BILLION -- THOMSON REUTERS I/B/E/S.QTRLY NET REVENUES IN FIXED INCOME, CURRENCY AND COMMODITIES (FICC) CLIENT EXECUTION WERE $1.31 BILLION, 10% LOWER.OPERATING EXPENSES WERE $5.57 BILLION FOR THE THIRD QUARTER OF 2018, 4% HIGHER.QTRLY NET REVENUES IN EQUITIES WERE $1.79 BILLION, 8% HIGHER.NON-COMPENSATION EXPENSES WERE $2.48 BILLION FOR THE THIRD QUARTER OF 2018, 14% HIGHER.NET REVENUES IN INVESTMENT BANKING WERE $1.98 BILLION FOR QUARTER, UP 10%.BOARD DECLARED A DIVIDEND OF $0.80 PER COMMON SHARE.RISE IN QTRLY NET EQUITIES REVENUE WAS PRIMARILY DUE TO HIGHER NET REVENUES IN EQUITIES CLIENT EXECUTION.TOTAL STAFF INCREASED 5% DURING THE THIRD QUARTER OF 2018, PRIMARILY REFLECTING THE TIMING OF CAMPUS HIRES.DURING QUARTER, FICC CLIENT EXECUTION OPERATED IN "AN ENVIRONMENT CHARACTERIZED BY LOW CLIENT ACTIVITY AMID LOW LEVELS OF VOLATILITY".INCREASE IN QTRLY NET REVENUE COMPARED WITH Q3 2017 REFLECTED HIGHER NET REVENUES IN INVESTMENT BANKING AND INVESTMENT MANAGEMENT.  Full Article

Goldman Picks Dan Dees As New Investment-Banking Co-Chief- Bloomberg
Wednesday, 19 Sep 2018 11:03am EDT 

Sept 19 (Reuters) - :GOLDMAN PICKS DAN DEES AS NEW INVESTMENT-BANKING CO-CHIEF- BLOOMBERG, CITING SOURCES.  Full Article

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Alibaba puts CFO in charge of investment in major management reshuffle

BEIJING/SHANGHAI China's Alibaba Group Holding Ltd on Tuesday unveiled its most significant business reshuffle since co-founder Jack Ma announced his pending retirement, as the e-commerce firm looks to bolster its investment focus in the face of slowing growth.