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Goldman Sachs Group Inc. (GS)

  • 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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  • Jan. 19, 2010, 12:04 PM
    Goldman (GS) delays telling employees what their 2009 bonuses will be until month-end, citing an accounting tweak, and this: "This is clearly a highly sensitized period and we are very conscious of the sensitivities. We want to be able to provide context to what we tell our people."
  • Jan. 16, 2010, 5:06 PM
    Sources say the SEC is stepping up its investigation of the CDO market, and issued subpoenas last month to banks including Goldman Sachs (GS), Credit Suisse (CS), Citigroup (C), BofA (BAC), Deutsche Bank (DB), UBS (UBS), Morgan Stanley (MS) and Barclays (BCS).
  • Jan. 15, 2010, 5:36 PM
    No party like a Treasury party: Edolphus Towns asks Henry Paulson to join successor Tim Geithner in testifying before the House Oversight and Government Reform Committee. Stephen Friedman (former New York Fed chairman now on the board at Goldman Sachs (GS)) also got an invite.
  • Jan. 14, 2010, 5:35 PM
    Watching day one of the financial-crisis hearings, David Reilly figures bashing Goldman Sachs (GS) is good sport, but that "Pin the Tail on Blankfein" is a game with no winner. The hearings need a wider, longer context - looking at modern Wall Street's history - rather than gotcha questions.
  • Jan. 14, 2010, 12:50 PM
    After yesterday's FCIC hearing gave us such classic Blankfein expressions as the stink eye and the scrunch face, Bess Levin thinks Goldman (GS) needs to give us a live cam so that we can get the Lloyd face on demand.
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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.