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Goldman Sachs Group Inc. (GS)

  • Mar. 14, 2013, 5:14 PM
    After hours movers in the banks: JPM -2.5% and GS -2.1% after the two had their capital proposals approved but were asked to submit new plans "to address weakness in their capital planning processes." WFC +0.4%, BAC +3.8% after no dividend hike, but a whopping $10.5B in share repurchases and redemption of high-yielding preferreds. Morgan Stanley +0.9%. The XLF +0.1%.
  • Dec. 14, 2012, 3:23 AM
    Alcatel-Lucent (ALU) gains liquidity and breathing room to effect its turnaround by securing financing of €1.615B of senior secured credit facilities, which have maturities of 3-6.5 years and are being underwritten by Credit Suisse (CS) and Goldman Sachs (GS). Alcatel-Lucent expects the facilities to be secured by its vast IP portfolio and for the financing to be completed by January. Shares +13.7% in Paris. (PR)
  • Oct. 17, 2012, 3:35 PM
    Financials (XLF +1.2%) lead today's sectors and extend their lead as 2012's top performer, now up 25% YTD and 33% over the past 12 months. While investors struggle to gain clarity on BofA's (BAC -0.1%) prospects, M&T Bank (MTB +5.6%) and BNY Mellon (BK +5.2%) rank among the day’s big gainers after both reported strong quarters. C +3%, GS +1%, JPM +1.2%.
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  • Oct. 1, 2012, 8:07 AM
    Goldman Sachs (GS) gaps higher 2% premarket after it gets the Barron's treatment in a good way over the weekend.
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  • Sep. 4, 2012, 7:11 AM
    Morgan Stanley (MS) is upgraded to Overweight with price target of $20 at JPMorgan, which also downgrades Goldman Sachs (GS) to Underweight. Details are slim at the moment, but valuation seems to be behind the paired calls. Morgan +2.4%, Goldman -0.2% premarket.
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  • Jul. 17, 2012, 8:04 AM
    Goldman Sachs (GS): Declares $0.46/share quarterly dividend, in line with previous. Forward yield 1.9%. For shareholders of record Aug 30; Payable Sep 27; ex-div date Aug 28. Shares +2.1% premarket. (PR)
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  • Jul. 17, 2012, 7:52 AM
    More on Goldman Sachs (GS): FICC revenue +37% Y/Y, equity trading revenue -12% Y/Y. Investment banking revenues -17% Y/Y, led by a 26% drop in financial advisory fees (no M&A). A 9% Y/Y decline in underwriting fees all came from the equity side as debt underwriting record a gain. Operating expenses -8% Y/Y (compensation -9%). Q2 ROE of 5.4%. Tangible BV/share of $126.12. Shares +1.4% premarket. (PR)
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  • Jun. 21, 2012, 5:29 PM
    More on the Moody's banking downgrades: A three-notch cut for CS. Two-notch rating cuts for JPM, C, MS, GS; just one notch for BAC. After hours: MS +3.7%; JPM +1%; BAC +1%; C +0.6%. (full statement)
  • Apr. 17, 2012, 7:52 AM
    More on Goldman Sachs (GS): Cost-cutting is the key, with operating expenses off 14% Y/Y to $6.77B, led by compensation expenses -16% to $4.38B. Investment banking revenue off 9% Y/Y to $1.15B. Net revenue in FICC off 20% Y/Y to $3.46B. Net revenue in Investment Management off 8% to $1.18B. Shares -2.2% premarket.
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  • Apr. 13, 2012, 11:58 AM
    In 2011, Goldman Sachs' (GS -3.5%) earnings fell 47%, its stock price tumbled 46% and the company cut loose 2,400 employees. By those measures, Lloyd Blankfein's 35% cut in total compensation to $12M seems generous. His pay compares to $10.5M for James Gorman (MS), $15M for Vikram Pandit (C) and $23M for Jamie Dimon (JPM).
  • Mar. 20, 2012, 11:37 AM
    The financial sector (XLF +0.2%) is the only positive performer in morning trade, coming after Jefferies (JEF +1.6%) reported better-than-expected fixed income and investment banking revenue in its FQ1. Bank of America (BAC +3.2%) led the group after it denied a rumor that it would issue shares in a secondary offering. Also: GS +2.3%, MS +2.1%, C +1.6%.
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  • 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. 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. 6, 2012, 10:49 AM
    Bank bonds are crushed in early trading, as the risk premium on intermediate term notes from Morgan Stanley, UBS and Goldman widen 0.14, 0.22, and 0.35 percentage points, respectively, and short-term paper from BofA and US Bancorp weaken 0.16 and 0.24 points. Their stocks are sinking too: MS -4.8%, UBS -3.9%, GS -3.8%, BAC -3%, USB -1.2%.
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  • Mar. 6, 2012, 9:05 AM
    Goldman Sachs (GS) -1.6% premarket on news the investment firm suffered a $103M net loss in Asia for 2011, its first loss in Asia since 2008. GS cited weak markets that took a toll on lending and investing, as well as a mark-to-market loss in its holdings of shares in Industrial & Commercial Bank of China. In 2010, Goldman earned $2.1B in Asia.
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  • Feb. 16, 2012, 2:59 PM
    Financial stocks (XLF +1.3%) rally to the head of the pack among S&P sectors after an early slump following Moody’s warning that it could make severe cuts to the ratings of big banks. Hopeful news out of Greece and strong U.S. data are taking priority; and hey, that's just one guy's opinion. BAC +4%, C +2.9%, JPM +1.5%, GS +1.2%, MS +0.8%, RY +0.3%.
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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.