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GS
Goldman Sachs Group Inc. - NYSE

7/10/2014, 4:36 AM ET
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  • Bank Of Nova Scotia And Goldman Lead 20 Best Value Bond Trades For Maturities Of 1 To 5 Years
    Donald van Deventer Tue, Jul. 8

    Summary

    • On July 7, there were 17,088 trades in 3,130 non-call fixed rate senior debt issues worth $4.1 billion.
    • We rank the "best value" trades by the ratio of credit spread to matched maturity default probability.
    • Issues by Bank of Nova Scotia, Goldman Sachs, PNC, UnitedHeath Group, and Bank of Montreal lead the rankings.
  • Goldman/Morgan Earnings Previews: Is The Goldman/Morgan Banking Model A Fading Relic?
    Brian Gilmartin, CFA Tue, Jul. 8 3 Comments

    Summary

    • Dodd-Frank and the regulators seem to be targeting volatility.
    • In terms of the financial system, there is a higher premium being put on stability and certainty.
    • Choose asset gatherers which have more consistent and dependable earnings results.
  • Goldman Sachs: Still Not Attractive Enough
    Oguz Erkol Tue, Jul. 1 3 Comments

    Summary

    • Goldman Sachs has performed poorly this year so far, owing to the systemic concerns rising around the industry.
    • The bank will get the benefit of the boom in M&A deals, however, this will probably be offset by the decline in trading revenues.
    • More optimistic signals need to be seen for a better stock performance.
  • Goldman Sachs: A Decent Price
    Brian Sanders Thu, Jun. 5 11 Comments

    Summary

    • Goldman Sachs' return on equity is below the normalized level.
    • The business is slightly undervalued, presenting a potential yield of 15% over the next year.
    • Creating a position on a pullback is recommended.
  • Goldman Sachs And W2007 Grace Acquisition I: GS Announces Sales Of Hotels
    James Angel, CFA Mon, Jun. 2 7 Comments

    Summary

    • Goldman Sachs has announced the sale of W2007's hotels for $1.925 billion.
    • No announcement yet on treatment of W2007's preferred shareholders.
    • Looks like preferred may eventually be redeemed in full plus accrued dividends.
  • Goldman Sachs, The Williams Companies Lead 20 Best Value Bond Trades With Maturities Of 10 Years Or More
    Donald van Deventer Mon, Jun. 2 15 Comments

    Summary

    • On May 30 there were 28,578 bond trades in 4,710 fixed rate corporate debt issues worth $8.7 billion.
    • We rank the 20 best value trades by the ratio of credit spread to default probability.
    • Goldman Sachs Group and the Williams Companies lead the best value ranking.
  • A New Route For Goldman Sachs' Dark Pool Activities
    Don Dion Fri, May. 30

    Summary

    • Goldman Sachs is now using IEX, a trading platform designed to eliminate the problems associated with high-tech investing.
    • IEX is seeking capital to build itself into a full-fledged stock exchange.
    • IEX could be a profitable alternative as Goldman seeks to mitigate trading losses in 2014.
  • Goldman Sachs And W2007 Grace Acquisition I: Reputation And Regulatory Risk
    James Angel, CFA Thu, May. 15 4 Comments

    Summary

    • GS bought the common but not preferred shares of Equity Inns, then made the preferred shares (now called W2007 Grace Acquisition I "Grace") "go dark" with no public financial information.
    • GS delisted Grace preferred from NYSE, then deregistered from SEC and even DTC, making it hard to trade. Grace stopped paying preferred dividends and price plummeted.
    • Potential sweetheart deal to tunnel assets out of Grace. GS affiliate secretly buys Grace preferred shares (WGCBP and WGCCP) before price doubles. Also apparent violations of SEC reporting rules.
    • Proceedings at SEC to examine issues surrounding Grace.
    • Potential for serious enforcement action against GS for with significant financial, regulatory, and reputation risk.
  • Goldman Sachs Is A Buy Here
    Bret Jensen Mon, May. 12 17 Comments

    Summary

    • Goldman Sachs is down more than 10% since the first of the year on the back of increasing scrutiny from regulatory bodies.
    • The shares are cheap after the recent decline and look to be offering investors an attractive entry point at current levels.
    • The stock is selling at a 20% discount to competitor Morgan Stanley and should bounce back as soon as these temporary issues pass.
  • Goldman Faces Up To High Frequency Trading Scrutiny
    Don Dion Mon, May. 12 3 Comments

    Summary

    • High speed trading practices and dark pool trading at GS continue to attract scrutiny from regulators and prosecutors.
    • In response, GS is also working through the associated risks of these practices, in a negative environment for trading in Q1.
    • With potential rising legal fees and ongoing investigations of GS, we suggest that investors take some profits in the stock in 2014.
  • The 30 Best-Value Bond Trades With Maturities Of 1 To 5 Years
    Donald van Deventer Mon, May. 5 6 Comments

    Summary

    • There were 24,443 bond trades in 4439 non-call fixed rate senior issues on May 2.
    • We rank the 30 best-value trades for maturities of 1-5 years, using the credit spread-to-default probability ratio as criterion for "best."
    • Best-value trades are issues by Goldman Sachs, CVS, Nextera Energy, Bank of Nova Scotia, and GlaxoSmithKline.
  • Goldman Sachs - 6.375% Is Good, But Peers Are Better
    Rubicon Associates Tue, Apr. 22 10 Comments

    Summary

    • Goldman Sachs issued a 6.375% Series K Preferred.
    • While the new issue is attractive relative to other Goldman preferreds, better value can be had.
    • Morgan Stanley offers more yield within the broker/dealer space and the "mega banks" offer more yield as well.
  • Bank Earnings: Goldman Sachs Vs. Morgan Stanley
    John M. Mason Fri, Apr. 18

    Summary

    • Goldman Sachs reports earnings down by 10 percent while Morgan Stanley posted a 49 percent gain.
    • Goldman Sachs is maintaining its business model because it has been relatively successful.
    • Morgan Stanley has set out on a new path putting more emphasis on wealth management and investment advisory.
  • Goldman Sachs: Hunter Or Prey? What Market-Maker Appraisals For DJIA Stocks Tell Us About Its Price Prospects
    Peter F. Way, CFA Wed, Apr. 16 9 Comments

    Summary

    • Price change forecasts for DJIA components based on Market-Maker hedging are now freely accessible at blockdesk.com.
    • The recent inclusion of Goldman Sachs as a DJIA component provides a view of that stock’s prospects, in sharp contrast to the others.
    • Upcoming first-quarter 2014 earnings announcement may have significant impact, as seen by the market-making community, of which GS is a leader.
    • Corporate direction adjustments may influence future public, investor perceptions of the renowned GS “Vampire Squid” image.
  • Earnings Preview - Goldman Sachs Q1 2014
    Selerity Research Tue, Apr. 15

    Summary

    • Goldman Sachs (GS) is scheduled to report 1Q2014 earnings before the opening bell on Thursday, April 17.
    • Earnings Per Share: The current Street estimate is $3.44 with a range of $3.10 to $3.83.
    • Revenues are seen coming in at $8.70 bln, a decrease of 13.8% from 1Q2013.
  • Is This Time To Give Goldman Sachs A Chance?
    Jacob Steinberg Mon, Apr. 14 4 Comments

    Summary

    • Investors seem to be losing faith with Goldman Sachs in the last year.
    • Compared to its historical revenue and earnings multiples, the company looks slightly cheap.
    • Compared to its book-value multiples where we see a more reliable valuation pattern, the company looks even cheaper.
    • Looking at analyst estimates for the next 3 years, the company looks exceptionally cheap but there are some uncertainties moving forward.
  • Goldman Sachs' Upside Compounded By Low Multiples, Strong Earnings History
    Jeremy LaKosh Mon, Apr. 14 4 Comments

    Summary

    • Goldman stock is nearly flat over the past year and priced at book value.
    • Goldman is trading at an attractive forward earnings multiple.
    • Goldman's forward P/E trading range, along with earnings performance points to upside.
    • Earnings growth and analyst estimates are a possible concern.
  • Goldman Sachs: The Vampire Squid Strikes Back
    Shiv Kapoor Sat, Apr. 12 4 Comments

    Summary

    • The earnings season is upon us, and Goldman Sachs is due to report on April 17th before the open.
    • Goldman is priced to deliver negative alpha at a lower level than negative alpha available in the presently expensive markets. It is priced to hold, and even perhaps nibble.
    • Market weakness could create a very decent buy opportunity for investors interested in allocating capital to the financial services sector.
  • Is Goldman Sachs Serious About Shutting Down Its Sigma X Dark Pool?
    Don Dion Thu, Apr. 10

    Summary

    • Goldman Sachs recently revealed it was considering closing its dark pool due to technical glitches and heightened public scrutiny.
    • If GS decides to close its dark pools, this could have a ripple effect on others, including Morgan Stanley, Citibank, and Credit Suisse.
    • Investors should applaud GS' steps toward greater transparency, alleviating risk, and creating equal opportunities for investors.
GS vs. ETF Alternatives
Company Description

Goldman Sachs Group, Inc. is a investment banking, securities and investment management firm. Its segments include Investment Banking, Trading and Principal Investments, Asset Management and Securities Services.