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Goldman Sachs Group Inc. (GS)

  • Jan. 27, 2010, 9:13 AM
    JPMorgan (JPM) and Goldman Sachs (GS) are among the banks expanding their clawback clauses, but compensation experts worry the impact of the changes will be greater on paper than it will be in reality.
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  • Jan. 26, 2010, 8:57 AM
    Goldman (GS) says it's capping compensation for its U.K. partners at £1M ($1.6M) to compensate for the one-time bonus tax announced last month. The decision sets Goldman apart, as most other firms are spreading the penalty out across a much wider swathe of employees.
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  • Jan. 23, 2010, 9:16 AM
    Let's simplify the criteria for judging the Obama banking restrictions. Simon Johnson asks: Does the plan result in breaking Goldman Sachs (GS) into at least four pieces? Or does it come to gingerly repainting deck chairs on a sinking ship?
  • Jan. 22, 2010, 4:47 PM
    Could be nothing: Phone logs submitted as part of a House subpoena show Treasury Sec. Tim Geithner spoke with Warren Buffett (BRK.A), Jamie Dimon (JPM) and Lloyd Blankfein (GS) on the day of the AIG bailout.
  • Jan. 22, 2010, 12:20 PM
    Goldman Sachs (GS) has reportedly closed its limping Global Equity Opportunities quant fund after it shrank to $200M in assets from $7.5B. The bank and big investors injected $3B into the fund in August 2007, a month where it lost 23%.
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  • Jan. 22, 2010, 9:15 AM
    Obama's plan to curb banks' proprietary trading will cost Goldman Sachs (GS), Morgan Stanley (MS), Credit Suisse (CS), UBS (UBS) and Deutsche Bank (DB) a combined $13B in revenue next year, JPMorgan says. Firm says Goldman will take the biggest hit - an estimated $4.7B in earnings.
  • Jan. 21, 2010, 7:18 PM
    Goldman (GS) CFO David Viniar, asked if investors should remodel their compensation-to-revenue ratio based on 2009's historically low 36%: "It's going to depend on revenues; it's going to depend on the economic environment; it's going to depend on a lot of things, and I take this year’s ratio, not necessarily as a one-time thing, and not necessarily not as a one-time thing." Clear as mud. (via)
  • Jan. 21, 2010, 2:08 PM
    Not especially surprising, but credit-default swaps tied to Goldman Sachs (GS) and Morgan Stanley (MS) are on the rise - reversing earlier declines - in the wake of new proposals to restrict the financial industry: “The uncertainty in the financial sector is the reason risk assets are feeling softer today.”
  • Jan. 21, 2010, 9:36 AM
    Goldman Sachs' (GS) full-year compensation per employee: $498,153.
  • Jan. 21, 2010, 9:15 AM
    Futures are flat after a volatile and volume-heavy overnight session, with benchmark S&P steady at 1134. Goldman's (GS) blowout Q4 failed to lift its shares (+0.4% premarket). On deck at 10:00, Philly Fed's business outlook and Conference Board's leading indicators (today's calendar).
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  • Jan. 21, 2010, 8:09 AM
    Goldman Sachs (GS): "The firm's 35.8% ratio of compensation and benefits to net revenues ($16.2B) was its lowest as a public company. While net revenues in 2009 were only 2% lower than the firm's record net revenues in 2007, total compensation and benefits was 20% lower, representing a reduction of $4 billion." (PR)
  • Jan. 21, 2010, 8:07 AM
    Goldman Sachs (GS): Q4 EPS of $8.20 beats by $3.00. Revenue of $9.62B in-line. Shares +0.6% premarket. (PR)
  • Jan. 21, 2010, 7:52 AM
    A pension fund that campaigns against corporate governance failures takes aim at 33 firms, including Citigroup (C) and Goldman Sachs (GS). Ahead of annual shareholder meetings, the fund has submitted proxy proposals on issues including bank bonuses, splitting the chairman and CEO positions and giving shareholders a "say on pay."
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  • Jan. 21, 2010, 7:36 AM
    JPMorgan (JPM) is reportedly in exclusive talks to buy the RBS Sempra (RBS, SRE) commodities JV. If it goes through, a deal would make JPMorgan the fourth key bank in commodities trading, along with Goldman Sachs (GS), Morgan Stanley (MS) and Barclays (BCS). (previously)
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  • Jan. 21, 2010, 12:05 AM
    Notable earnings before Thursday's open: APH, CAL, CMA, ESI, FCS, FITB, FNFG, GS, KEY, LM, LUV, NITE, PCP, PNC, PPG, SBIB, TCB, UNH, UNP, XRX
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  • Jan. 20, 2010, 8:20 AM
    Many big banks, including Goldman Sachs (GS) and Morgan Stanley (MS), were pushed to pay more than market estimates to repurchase government warrants, helping the Treasury pull in $2.9B in gross proceeds from 31 warrant repurchases.
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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.