Goldman Sachs (NYSE: GS ) is a almost like a synonym for the financial markets. The firm is seen as the epitome of risk-taking, making big deals and the ruthless pursuit of profits. Once rather referring to, in an unflattering manner, as a Professional equity portfolio manager for a boutique buy-side asset manager.My focus is on finding highquality companies, applying a disciplined approach to valuation and identifying underappreciated opportunities. My goal is to identify opportunities in cash-rich compani ...

After several years of lackluster performance, financial stocks are one of the best-performing sectors in 2024. A key reason for this is the Federal Reserve’s pivot to lower interest rates. In addition to reducing the cost of borrowing, lower rates have increased the value of some banks' investment portfolios.   And they could be headed to an even better year in 2025. The banking sector, like the nation’s monetary policy, tends to be likened to turning a battleship. However, Donald Trump campaigned on a pla ...

The Goldman Sachs Group, Inc. (GS) announced its intention to explore strategic opportunities to spin out its wholly-owned technology platform, GS DAP, which is designed to meet the complex requirements of participants in digital capital markets. The platform is currently part of Goldman Sachs' Digital Assets division and is now expected to evolve into an industry-owned distributed technology solution, subject to regulatory approvals. Mathew McDermott, global head of Digital Assets at GS stated, "We view pe ...

Goldman Sachs Chairman David Solomon has reportedly predicted stronger capital raising under the next Trump administration.Solomon also said Tuesday (Nov. 19) that there will be a more robust merger and acquisition (M&A) environment under the new president.“Given where we are at the moment, … you’re starting to unleash some of those animal spirits, and you’re seeing a pick-up in equity activity, pick-up in M&A activity,” said Solomon, whose comments during the Hong Kong Monetary Authority’s Global Financial ...

Goldman Sachs plans to spin out GS DAP, its blockchain-based platform for participants in digital capital markets, from its Digital Assets business.The financial institution plans to explore strategic opportunities to do so with the aim of GS DAP becoming an industry-owned distributed technology solution, it said in a Monday (Nov. 18) press release.“Delivering a distributed technology solution to a wide cross-section of financial market participants has the potential to redefine market connectivity, infrast ...

A month has gone by since the last earnings report for Goldman Sachs (GS) . Shares have added about 12.2% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Goldman due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. Goldman Q3 Earnings Beat on Higher IB Revenues & Lower ...

Goldman Sachs added dozens of bankers to Wall Street’s most exclusive club on Thursday by naming 95 new partners — the largest number since former CEO Lloyd Blankfein’s promoted 115 financiers in 2006. Goldman’s latest class of new partners — which includes 26 female bankers — also marks the biggest group by far since David Solomon became CEO in 2018. The announcement comes amid a flurry of dealmaking activity in the world’s financial capital that has boosted profits at Goldman’s lower Manhattan headquarter ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-14965 The Goldman Sachs Group, Inc. (Exact name of registrant as specified in its charter) Delaware 13-4019460 (State or other jurisdi ...

The Goldman Sachs Group, Inc. (GS) , which released its third-quarter 2024 results on Oct. 15, 2024, registered solid growth in its investment banking (IB) business. Driven by a robust performance, the company's profits jumped 56% in the first nine months of 2024. With the strong quarterly results, GS refocused on its core strengths of IB and trading operations while scaling back its consumer banking footprint, which is encouraging. Let us determine whether now is the right time to buy Goldman Sachs' shares ...

SAN FRANCISCO, Oct. 24, 2024 (GLOBE NEWSWIRE) -- Simbe, a leading provider of Store Intelligence™ solutions, today announced the closing of a $50 million Series C equity financing round led by Growth Equity at Goldman Sachs Alternatives (“Goldman Sachs”), with participation from Eclipse and Valo Ventures and other existing investors. Since raising its Series B in July 2023, Simbe has achieved significant momentum and milestones such as introducing multiple capabilities and securing numerous new and expanded ...