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Goldman Sachs Group Inc. (GS)

- NYSE
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  • Feb. 3, 2012, 9:07 AM
    Bank stocks enjoy a big lift from the better-than-expected jobs report. Bank of America +3.2% premarket; after starting the year below $6/share, shares are poised to cross $7.50. Also: C +2.7%, MS +2%, JPM +1.9%, GS +1.6%, WFC +1.5%.
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  • Jan. 18, 2012, 7:59 AM
    More on Goldman Sachs (GS): Q4 investment banking revenue -43% Y/Y, +10% from Q3. Underwriting revenue -56% Y/Y. Compensation costs -21% Y/Y (there's your earnings beat). Shares +1.8% premarket.
    | 2 Comments
  • Jan. 17, 2012, 8:27 AM
    More from Citigroup (C): Q4 release of loan loss reserves was $1.47B against net income of $1.17B, meaning the company lost $0.05/share without the release. Similar to JPMorgan, the Securities and Banking group saw a sharp decline (53% Y/Y) in revenue. Shares -3.1% premarket.
    | 5 Comments
  • Jan. 13, 2012, 7:50 AM
    All of the TBTF banks are lower premarket in concert with JPMorgan (JPM -2.9%). Of note is Goldman Sachs (GS -1.7%). Unless the cause of the sharp drop (39%) in JPMorgan's investment banking fees was a loss of business to competitors, the slowdown in this line of work may not bode well for Goldman.
    | 3 Comments
  • Jan. 6, 2012, 4:13 PM
    Goldman Sachs (GS -1.2%) and Morgan Stanley's (MS -2.3%) Q4 estimates were lowered again today by Meredith Whitney, cutting Goldman from $2.61 to $1.83, and Morgan Stanley to $0.09 after excluding MBIA charge.
    | 2 Comments
  • Dec. 22, 2011, 3:55 PM
    Goldman Sachs (GS +2.5%) bounces back after an S&P spokesman says the company hasn't made a downgrade, as had been reported. Data on S&P's website indicating a downgrade appears to be responsible for the reports.
    | 2 Comments
  • Dec. 22, 2011, 3:16 PM
    S&P cuts its rating on Goldman Sachs (GS) to A+ from AA-. Shares of GS tilt lower on the news, and are now up 1.6% after posting a 3% gain in trading earlier.
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  • Dec. 19, 2011, 11:10 AM
    Another day, another analyst ax to forecasts for big banks (XLF -2.1%): This time, it's Nomura cutting Q4 earnings estimates for several, citing “the difficult trading backdrop, soft investment banking trends [and] limited expense flexibility." Share price targets are lowered: BAC to $7 from $8, C to $36 from $38, GS to $130 from $141, MS to $18 from $20.
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  • Dec. 19, 2011, 10:25 AM
    Early green in the major averages is masking another decline in the TBTF banks, led today by Citigroup (C -3.7%) and Bank of America (BAC -2.8%). BofA again flirts with a $4 handle, matching a 52 week low of $5.02.
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  • Dec. 8, 2011, 4:00 PM
    Bank stocks (XLF -3.8%) sink to session lows after Germany rejects giving the ESM a banking license: BAC -5.3%, C -6.9%, GS -4.9%, JPM -5.2%, MS -8.4%.
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  • Dec. 8, 2011, 10:25 AM
    Financials (XLF -2.5%) are suffering the most in early trading, in a steep slide that comes after the sector scored an outsized gain of 1.2% yesterday. Investors are ignoring the better-than-expected U.S. jobless claims report and focusing on the latest disappointment from Europe. Among big banks: BAC -2.7%, JPM -2.8%, C -4.8%, GS -2.3%, WFC -1.9%, MS -5.1%.
    | 2 Comments
  • Nov. 30, 2011, 12:11 PM
    Goldman Sachs (GS +5%) shares see a spike in volume as Bloomberg TV reports CEO Lloyd Blankfein may be deposed in the Rajat Gupta insider trading case. Gupta allegedly passed tips to Raj Rajaratnam, the convicted hedge fund manager in one of the biggest insider trading schemes in history.
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  • Nov. 30, 2011, 8:47 AM
    S&P went on a downgrade spree of banks yesterday, but no matter, they're surging premarket following the international central bank move to boost liquidity. BAC +7.1%, C +6.5%, JPM +5.9%, WFC +3.5%, GS +5%, USB +3.5%. DB +9%, HBC +5.2%, BCS +10.3%, LYG +10.6%, STD +6.4%. STOXX Europe 600 Banks Index +4%.
    | 7 Comments
  • Nov. 28, 2011, 8:44 AM
    Shares in banks from both sides of the pond are having a fine time of it, apparently boosted by the latest (doomed?) attempts to stem the eurozone debt crisis. BAC +4.6%, C +5%, GS +3.3%, MS +5.6%, JPM +4%, DB +10.4%, UBS +7%, BCS +8.6%, RBS +7.5%, HBC +5.5%, LYG +7.9%. STOXX Europe 600 Banks index +5%.
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  • Nov. 25, 2011, 11:38 AM
    In spite of the bad news from Italy, major U.K. banks are rallying strongly today, perhaps bolstered by Lloyd's (LYG +6.7%) deal on Thursday to sell $1.75B in distressed loan assets. RBS +9.3%. BCS +5.4%. Their American counterparts aren't doing too badly either. GS +2.1%. MS +2.8%. BAC +2.4%. C +2.6%. WFC +1.9%.
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  • Nov. 23, 2011, 1:00 PM
    Sean Egan fires back at Oppenheimer's defense of Jefferies (JEF +6.4%), pointing out even the recommended deleveraging would reduce the debt/capital ratio from 90% to 86%, still way higher than competitors like Interactive Brokers (IBKR) at 67%. Goldman (GS) and Morgan (MS) can sport higher ratios because their size and bank charters give them a government backstop.
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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.