Seeking Alpha

Seeking Alpha Portfolio App for iPad

14,856 people get GS articles and Market Currents by email alert.

Get email alerts on GS »

GS

Goldman Sachs Group Inc.

6/18/2013, 9:41 PM ET

Quote & Headlines Market Currents StockTalk

All
| Earnings
| Dividends
| M&A
| On the move

Saturday, June 8, 9:05 AM Boring stocks can bring exciting returns, Mark Hulbert discovers, as his research reveals stocks exhibiting the least historical volatility on average comfortably outperform the most "exciting" (i.e., volatile) issues. One believer in the boring-is-beautiful school, Guggenheim Partners' Nardin Baker, likes these stocks: SO. D, KMB, CL, COST. Too volatile are AAPL, GS, C, MS, HPQ. MET. 6 Comments [Quick Ideas]
Monday, June 3, 5:31 AM The General Motors Building in Manhattan has become the most valuable office property in America after the families of Chinese property developer Zhang Xin and Brazil's Safra banking empire acquired a 40% in the 50-story skyscraper for $1.4B. The sellers were a group of Persian Gulf interests, some of whom are represented by a Goldman Sachs (GS) fund. The other 60% is being retained by Boston Properties (BXP). Reports of the deal, which values the GM Building at $3.4B, follow news that Carlyle is selling a 27-story Manhattan building for $1.3B. Comment! [M&A]
Monday, June 3, 3:22 AM A New York court is due to start a hearing today over whether it should approve Bank of America (BAC) $8.5B agreement to settle claims with investors over soured mortgage bonds. While heavyweights such as BlackRock (BLK) and Goldman Sachs (GS) support the deal, it faces opposition from AIG (AIG), which says it has $10.5B worth of claims against BofA. Approval of the agreement would enable the bank to take a major step in cleaning up the mess it inherited when it bought Countrywide. 4 Comments [Financials, Top Stories]
Friday, May 31, 3:30 PM CME Group fines Goldman Sachs (GS) $875K (not a typo) over its failure to "diligently supervise" a top Treasury futures trader in 2008. The trader - who now works at Morgan Stanley - will also be suspended from CME access for 10 days. As is customary, neither the trader nor Goldman admitted or denied the violations. 2 Comments [Financials]
Friday, May 31, 3:21 PM Large-cap banks are poised for multiple expansion, says Sterne Agee, as discussions with managements along with data points from recent investor presentations suggest business in Q2 is doing better than expectations. The team is recommending a basket of C, JPM, MS, and GS. In a similar vein, they like a basket of "discounted regionals" - PNC, MTB, RF, USB, and STI. Comment! [Financials]
Friday, May 31, 3:08 AM Lloyds (LYG) will make a handsome profit from a portfolio of U.S. mortgage bonds after agreeing to sell the assets to different institutions for £3.3B. That's above the book value of £2.7B, allowing Lloyds to make a pretax gain of £540M. One of the buyers is Goldman Sachs (GS), which is paying £200M for MBSs with a book value of £170M. Lloyds' shares are +0.5% in London. (PR) Comment! [M&A, Financials]
Thursday, May 30, 3:06 AM Fiat (FIATY.PK) is reportedly in negotiations with major banks to borrow up to $10B that the Italian carmaker would use to acquire the 41.5% of Chrysler it doesn't own and refinance the two companies' debt at lower interest rates. The banks include Bank of America (BAC), Deutsche Bank (DB), Goldman Sachs (GS) (GS) and BNP Paribas (BNOBF.PK). Fiat's purchase of the holding is being held up by a legal dispute over the value of the stake. 3 Comments [M&A, Top Stories, Consumer]
Friday, May 24, 7:18 AM Goldman Sachs (GS) has gotten the nod from the Indian government to help it raise money by creating and launching ETFs of state-run companies, according to a senior official. The government initially aims to have 15-20 state-run firms in a basket of ETFs. Remember, this program was only made necessary by the government's inability to interest P-E and other investors in buying stakes. Price matters. Caveat emptor. Comment! [Global & FX, Financials]
Thursday, May 23, 1:33 PM "Everyone has to have big eyes, big ears, know what's going on around them and be policemen for the organization," says Goldman Sachs (GS) CEO Blankfein to employees as part of the annual meeting. Among the reforms after a 3-year review of bank practices: Proposed transactions need to be run through "technological matrixes" to check for appropriateness. Don't me afraid to call me, says Blankfein, as the risk of reputational damage outweighs the cost of wasting his time. (Video to be posted to website later) 1 Comment [Financials]
Thursday, May 23, 10:34 AM The sale of the rest of its stake in Industrial Bank doesn't mean Goldman Sachs (GS) isn't committed to growing in China, says Lloyd Blankfein, speaking from Salt Lake City - site of Goldman's annual meeting today. Roll this one around: Goldman reaped about $12B in sales proceeds and dividends from its $2.58B investment made in 2006 just ahead of the IPO. 1 Comment [Financials]
Monday, May 20, 6:14 AM Goldman Sachs (GS) plans to sell the remainder of its stake in Industrial and Commercial Bank of China at between HK$5.47-5.50 per Hong Kong-listed share (~3% below Monday's closing price) for proceeds of around $1.1B. GS has divested its stake over three separate sales (counting the current offering), with the first coming in April of 2012 and the second earlier this year. GS has held a stake in the bank since 2006. Comment! [Financials]
Friday, May 17, 1:08 PM Goldman Sachs (GS) launches the Goldman Sachs Multi-Manager Alternatives Fund offering alternative and non-traditional investment strategies to investments as little as $1K. P-E firms from CG to KKR to BX have noted much of their future growth will not from the institutional side, but from individuals in search of yield. Comment! [Financials]
Thursday, May 16, 3:55 PM Described as a win for Wall Street's biggest swaps dealers - JPM, BAC, C, MS, and GS - the CFTC approves new swap trading rules 3 years after the passage of Dodd-Frank. The rules mandate new trading platforms making bids and offers public, but require traders send request for bids to just two firms before execution rather than the five some had called for. Smaller exchanges aren't sweating it, instead happy they now have a defined system to operate under. 1 Comment [Financials]
Wednesday, May 15, 3:13 PM It's a parking ticket, but Goldman Sachs (GS) is ordered by an arbitration panel to pay about $2.5M to a client who claimed being steered to an inappropriate investment in the bank's Special Opportunities Fund in 2006. In a rare move, one of the three on the panel disagreed with the verdict, and found the fund was a suitable investment for the client. 2 Comments [Financials]
Wednesday, May 15, 3:01 PM Commodity trading revenue at the top 10 global investment banks plunged 54% Y/Y to just $1.2B, according to Coalition. The outliers are Goldman Sachs (GS) and JPMorgan (JPM), both of which reported slight increases in activity (Q2 looking decent at JPM as well). Leading on the downside was a 77% drop at Morgan Stanley (MS), whose commodity desk has been alternatively on the block or set for restructuring. 1 Comment [Financials]
Tuesday, May 14, 1:16 PM Goldman Sachs (GS) wins dismissal of ACA Financial Guaranty's fraud lawsuit over the famed Abacus CDO. ACA claimed it was duped into believing Paulson & Co. was long the CDO when, in fact, the hedge fund was short. A NY appeals court said ACA could have figured this out, but chose not to investigate. Goldman has already paid the SEC $550M over the Abacus deal. Comment! [Financials]

1
2
3
4
5
6
...
104
Next Page