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Goldman Sachs Group Inc. (GS)

  • Mar. 19, 2012, 10:58 AM
    Bank of America (BAC +2.6%), whose shares have now more than doubled from their Dec. 19 low, continues to power higher amid positive comments from Morgan Stanley. The firm raises earnings estimates and price targets for BofA, as well as C +3.3%, GS +1.5% and JPM +0.8%, citing stronger consumer credit among the reasons.
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  • Mar. 19, 2012, 5:13 AM
    CVC and Goldman Sachs (GS) forge a deal to convert A$975M ($1.03B) of mezzanine loans in Nine Entertainment into equity on the condition the P-E firm will be able to refinance Nine's A$2.7B of senior debt - some of which is held by  Apollo (APO) - the WSJ reports. CVC is due to hold U.S. and U.K. roadshows this week for the restructuring.
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  • Mar. 18, 2012, 7:16 AM
    Decrying Goldman Sachs' (GS) "rip your eyeballs out" capitalism following Greg Smith's "shot heard round the world," Joe Nocera writes in the NYT that Lloyd Blankfein should look at the "moral capitalism" of Howard Schultz, who will this week make a speech linking Starbucks'(SBUX) record profits with its larger societal role. "The value of your company is driven by your company’s values," Schultz plans to say.
  • Mar. 17, 2012, 9:20 AM
    Greg Smith may really believe Goldman Sachs (GS) is run by "morally bankrupt" people out to rip off their clients. But that's old news, Charlie Gasparino writes; Smith needs to wake up to the less-sincere motives of the NY Times, who published his resignation letter that went viral. Gasparino sees Smith as a pawn used by the Times to score political points and advance its class warfare agenda.
  • Mar. 16, 2012, 4:04 PM
    CLSA bucks the Goldman-bashing (GS -0.1%) trend today by upping its price target on the shares to $145 from $130, saying the operating environment has improved in Q1 and checks indicate improved momentum across products.
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  • Mar. 16, 2012, 11:33 AM
    Goldman Sachs (GS) is considering strengthening internal conflict-of-interest rules, including on disclosing bankers' financial holdings to clients, WSJ reports. In the wake of the court opinion that the sale of El Paso to Kinder Morgan was riddled with potential conflicts of interest, "all the banks are thinking about the very issue."
  • Mar. 16, 2012, 8:36 AM
    Goldman Sachs (GS) and Morgan Stanley (MS) should be prevented from returning capital to shareholders, says Sheila Bair, as any distribution would bring their leverage to greater than 25:1. "This underscores (a) weakness of the tests: They didn't really stress liquidity," says Bair noting the IBs - without deposit bases - are especially vulnerable.
  • Mar. 16, 2012, 8:30 AM
    Banks including Barclays (BCS), Credit Suisse (CS) and Goldman Sachs (GS) are among those interested in buying AIG's complex mortgage-backed assets tied to the insurance company's bailout, WSJ reports. The face value of the assets is reported at $47B and are held by the NY Fed, which acquired the assets as part of AIG's 2008 bailout.
  • Mar. 15, 2012, 4:44 PM
    Following Greg Smith's op-ed heard round the world, Jim Cramer says he's no longer able to defend ex-employer Goldman Sachs (GS). There are now far too many stories of Goldman taking advantage of clients in derivatives trades, says Cramer, to believe the company's claims of innocence. "Too many clients have lost money. Too many stories have come out. They are not a vast conspiracy"
  • Mar. 14, 2012, 7:48 PM
    Goldman (GS) clients know they're being played, claims CNBC's David Faber in response to today's New York Times op-ed written by a former Goldman Sachs executive criticizing the firm. In his private conversations with many Goldman clients, Faber says they know they don't "come first" and that they're "fully aware" they're being "played." but are stuck because they still have to do business with the firm. (video)
  • Mar. 14, 2012, 6:03 PM
    Om Malik sees a common thread between Greg Smith's attack on Goldman Sachs (GS) and James Whittaker's critique of Google's (GOOG) changes: each is going after his ex-employer for no longer putting its customers first. In Google's case, Malik sees a company straying from its core identity as an information provider in the name of a misguided attempt to become more "social."
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  • Mar. 14, 2012, 1:12 PM
    Now that ex-Goldman exec Greg Smith has had his Jerry Maguire moment, the real question is will his letter to the masses have any effect on Goldman Sachs' (GS -3.1%) business? Part of the problem for Goldman is that the advent of social media keeps breathing fresh life into a story that a few years ago would have been all but forgotten in hours. (online parodies)
  • Mar. 14, 2012, 9:49 AM
    A big day yesterday for bank stocks isn't the end, says Dick Bove, calling for another 25% gain in the sector before year's end. The test "forced people to start looking at (positive) fundamentals and recognize that this industry for the last year has been doing extraordinarily well."
  • Mar. 14, 2012, 7:26 AM
    "I can honestly say the environment now is as toxic and destructive as I have ever seen it," writes Greg Smith, leaving Goldman Sachs (GS) today after nearly 12 years (and after bonus season?). "The interests of the client continue to be sidelined ... (I) see virtually no trace of the culture that made me love working for this firm."
  • Mar. 13, 2012, 3:27 PM
    Other bank stocks react to JPMorgan (JPM) receiving Fed permission to return capital to shareholders: C +6.4%, BAC +4.6%, WFC +4.9%, MS +4.5%, GS +6.2%. Financials ETF: XLF +3.6%.
  • Mar. 12, 2012, 8:47 AM
    Goldman Sachs (GS) plans to hold its annual board meeting in India, in a tip of the hat to the importance of the nation to the company's focus on emerging markets.
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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.