Goldman Sachs just bought a one-person startup, and it's betting it could change the day-to-day lives of its bankers

Goldman Sachs has bought a one-person startup to help supercharge its bankers’ financial modeling skills. The bank is hoping the cloud-based software can begin to do for investment banking what SecDB, its risk-management system, has done for the securities division by creating a single place where models can be stored and analyzed. Goldman Sachs has been searching for years for […]

Read more

Goldman Sachs then CEO Blankfein attended meeting at center of $6.5 billion Malaysian wealth fund scandal

Goldman Sachs may still face “significant fines” for its role in financing 1MDB, the $6.5 billion Malaysian wealth fund at the heart of a corruption probe, according to Bloomberg. Court documents in the US show an unidentified Goldman executive was involved in a 2009 meeting Malaysia’s Jho Low. Low has been charged with money laundering and bribery by US authorities, […]

Read more

Goldman Sachs just named a new crop of partners. Here's a list of the bankers who joined one of the most exclusive clubs on Wall Street.

Goldman Sachs named 69 people to partner Wednesday in what is a semiannual exercise. This year’s class was more diverse than in the past, with a record 26% women. Goldman Sachs has selected its latest class of partners, bestowing 69 people with one of the most sought titles on Wall Street. A record-high 26% of this year’s class consisted of […]

Read more

US charges former Goldman bankers for 1MDB

The U.S. Justice Department is set to announce multiple criminal charges against two former Goldman Sachs bankers tied to the Malaysian 1MDB scandal. Goldman Sachs generated about $600 million in fees for its work with 1MDB. The bank has previously denied any wrongdoing. U.S. prosecutors on Thursday unveiled criminal charges against two former Goldman Sachs Inc bankers and Malaysian financier […]

Read more

Goldman Sachs plans to offer a new digital wealth product for Main Street — and it's part of a goal to take on wealth management giants

Goldman Sachs is creating a new, combined consumer and investment management division, according to a memo on Monday. The new unit will be led by existing Goldman investment management heads Tim O’Neill and Eric Lane. The move is intended to allow Goldman’s consumer digital finance business to grow its customer base and launch new products. Read more: A Goldman Sachs […]

Read more

10 Stocks With High Return on Equity

A rising tide of forces is boosting costs and squeezing profit margins across corporate America. The main drivers behind this trend are Fed rate hikes, higher labor costs, inflation, and what many experts expect to be a slower economy next year. Goldman Sachs argues that dozens of stocks with robust growth in return on equity (ROE) will outperform in this environment. “We continue to recommend growth stocks and […]

Read more

Goldman Sachs's bond trading unit is still trying to find its way — and it represents a key challenge for new CEO David Solomon

Goldman’s fixed-income, currencies and commodities unit, once a high-flyer that’s been humbled in recent years, is still searching for its footing after missing analyst estimates in the third quarter. Turning around the business has been a key priority for new CEO David Solomon. Goldman Sachs’ fixed income sales business has gone through four different global coheads heads in the last […]

Read more

Goldman Sachs is set to report third-quarter earnings — here's what the Street expects

Goldman Sachs is scheduled to report third-quarter earnings before the opening bell Tuesday. Here’s what Wall Street expects. Earnings: $5.38 a share, a 7.1 percent increase from the year-ago period, according to analysts surveyed by Refinitiv. Revenue: $8.4 billion, an increase of almost 1 percent from a year earlier. Trading Revenue: $3.16 billion (Equities trading of $1.73 billion, fixed income […]

Read more

Why Stellar Corporate Earnings May Not Boost Stocks

Corporate America’s earnings reports should be stellar in the third quarter, fueled by continued economic strength and tax rate reductions combining to produce a 21% year-over-year (YOY) EPS increase for the S&P 500 Index (SPX), Goldman Sachs projects. However, looking ahead to 2019, Goldman sees major risks continuing to grow, especially in the areas of rising tariffs, accelerating wage inflation and interest rate […]

Read more
1 2 3 5