On Wednesday, Coca-Cola Company KO reported a third-quarter 2024 sales decline of 1% year-on-year to $11.9 billion, beating the analyst consensus estimate of $11.59 billion.Unit case volume declined by 1%. Growth led by Brazil, the Philippines, and Japan was more than offset by declines in China, Mexico, and Turkey.Goldman Sachs highlighted that despite somewhat tempered investor expectations for the third quarter —partly due to PepsiCo Inc‘s PEP weaker-than-expected performance—Coca-Cola exceeded expectati ...

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Goldman Sachs (GS) .Goldman currently has an average brokerage recommendat ...

The Consumer Financial Protection Bureau (CFPB) reportedly is set to order Goldman Sachs to pay more than $50 million in penalties related to its handling of fraud and refunds in its credit card business.The regulator is expected to announce its enforcement action as soon as this week, The Wall Street Journal (WSJ) reported Tuesday (Oct. 22), citing unnamed sources.The CFPB did not immediately reply to PYMNTS’ request for comment.The regulator has been investigating Goldman Sachs’ customer service operation ...

The Goldman Sachs Group Today | --- | --- | |----------------------------|-------| | | | | | | | GS The Goldman Sachs Group | | | $528.50 | | | -0.50 (-0.09%) | | | 52-Week Range $289.36 | | | ▼ | | | $540.51 | | | Dividend Yield 2.27% | | | P/E Ratio 16.97 | | | Price Target $524.69 | | | | | Add to Watchlist Investment bank The Goldman Sachs Group Inc. NYSE: GS reported another stellar performance in its third quarter of 2024. The firm continues to divest and shed consumer-centric assets, including its cr ...

The S&P 500 has had a great run this year and is now up more than 23%. The S&P 500 index has had a fantastic year, with the benchmark index up nearly 23% so far in 2024 and reaching new all-time highs. But many individual stocks have performed even better, including the well-known investment bank Goldman Sachs (GS -0.10%). The stock price has jumped more than 37% this year. Founded in 1869, Goldman has long been viewed as a best-in-breed investment bank in an incredibly competitive industry. Is the stock st ...

CEO and Co-Founder Tony Smith Among the Most Exceptional Entrepreneurs at 2024 Builders and Innovators SummitIRVINE, Calif., Oct. 18, 2024 /PRNewswire/ -- Today, Goldman Sachs (NYSE:GS) is recognizing Restaurant365 CEO and Co-Founder Tony Smith as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California.Goldman Sachs selected Smith from multiple industries to be honored at the two-day event.Smith's career has centered on using software to solve busine ...

SAN FRANCISCO, Oct. 17, 2024 /PRNewswire/ -- Augusto Marietti, the CEO and co-founder of Kong Inc., a leading developer of cloud API technologies, was recognized once again by Goldman Sachs (NYSE:GS) as one of the Most Exceptional Entrepreneurs of 2024 at its Builders and Innovators Summit in Healdsburg, California. Goldman Sachs selected Mr. Marietti from multiple industries to be honored at the two-day event.Mr. Marietti is an inventor, technology entrepreneur, and angel investor. As the CEO and co-founde ...

Goldman Sachs Group Inc GS reported on Tuesday upbeat earnings for its third quarter.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.Oppenheimer On Goldman SachsAnalyst Chris Kotowski reiterated an Outperform rating while raising the price target from $577 to $614.Goldman Sachs reported earnings of $8.40 per share, beating consensus of $6.89 per share, with core operating earnings of around $9.02 per share, Kotowski said in a note. "This, in turn, would ...

Goldman Sachs reported a 45% surge in profits on Tuesday, fueling hope for a dealmaking rebound.The firm pointed to growth in core businesses like M&A advisory and stock and bond underwriting.Here are four primary takeaways from the results shared by CEO David Solomon. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a pe ...

As is always the case when Wall Street heavy hitters weigh in with earnings, the markets and financial trade publications parse the data and management commentary for insight on investment banking. For Goldman Sachs, the latest earnings report on Tuesday (Oct. 15) offered variations on a recurring theme: as the shift away from Main Street progresses, the goal of massing an even greater Wall Street — and corporate lending — presence continues.CEO David Solomon noted on the earnings call with analysts that gr ...