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Goldman Sachs ripped over ‘excessive' bonuses for CEO David Solomon, his No. 2 exec: ‘poor practice'
New York Post· 2025-04-01 19:25
Goldman Sachs is catching fresh heat over massive bonuses it has pledged to CEO David Solomon and his No. 2 executive John Waldron — with powerful shareholder voting advisors slamming the payouts as "excessive" and "poor practice." A pair of so-called proxy advisory firms, which counsel investors on how to vote at the annual meetings of big public companies, ripped an $80 million retention bonus for 63-year-old Solomon — a lavish sum that sparked outrage among the rank and file when the bank revealed it in ...
Sustainable Investing at Goldman Sachs Alternatives Completes Acquisition of Atlas-SSI
Prnewswire· 2025-04-01 14:18
MONTICELLO, Miss., April 1, 2025 /PRNewswire/ -- Atlas-SSI Holdings, LLC ("Atlas-SSI" or the "Company"), a North American supplier of water management equipment for the protection of mission-critical assets and water ecosystems, announced its acquisition by the Sustainable Investing team at Goldman Sachs Alternatives. The transaction positions Atlas-SSI, previously a portfolio company of XPV Water Partners, to expand and meet increased demand in the water sector by upgrading aged infrastructure, enabling in ...
Goldman Sachs (GS) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2025-03-31 22:50
In the latest trading session, Goldman Sachs (GS) closed at $546.29, marking a +0.58% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.55%. Elsewhere, the Dow gained 1.01%, while the tech-heavy Nasdaq lost 0.14%. Coming into today, shares of the investment bank had lost 12.72% in the past month. In that same time, the Finance sector lost 3.92%, while the S&P 500 lost 6.22%. Based on our research, we believe these estimate revisions are directly related to near-t ...
Goldman Sachs raises US recession probability amid escalating tariff concerns
Proactiveinvestors NA· 2025-03-31 13:35
About this content Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to conten ...
Goldman Sachs (GS) Outperforms Broader Market: What You Need to Know
ZACKS· 2025-03-25 22:56
Core Viewpoint - Goldman Sachs is set to report earnings with positive expectations, showing growth in both EPS and revenue compared to the previous year [2][3]. Financial Performance - The stock of Goldman Sachs closed at $585.94, reflecting a +1.01% change from the previous day, outperforming the S&P 500's gain of 0.16% [1]. - Over the past month, Goldman Sachs' stock has decreased by 7.35%, which is worse than the Finance sector's loss of 0.19% and the S&P 500's loss of 3.59% [1]. Earnings Forecast - The upcoming earnings disclosure is anticipated to show an EPS of $12.57, representing an 8.55% increase from the same quarter last year [2]. - Revenue is projected to be $15.23 billion, indicating a 7.16% rise from the equivalent quarter last year [2]. Annual Estimates - For the entire fiscal year, earnings are expected to be $46.13 per share, with revenue forecasted at $56.98 billion, reflecting changes of +13.79% and +6.48% respectively from the previous year [3]. Analyst Projections - Recent shifts in analyst projections for Goldman Sachs should be monitored, as they often indicate short-term business trends and analysts' outlook on the company's health and profitability [4]. Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently places Goldman Sachs at 3 (Hold) [6]. - Over the past month, the Zacks Consensus EPS estimate has decreased by 2.1% [6]. Valuation Metrics - Goldman Sachs is currently trading at a Forward P/E ratio of 12.57, which is lower than the industry average of 15.29, indicating a discount [7]. - The company has a PEG ratio of 0.82, compared to the industry average of 1.09, suggesting favorable valuation relative to growth expectations [8]. Industry Ranking - The Financial - Investment Bank industry, to which Goldman Sachs belongs, ranks in the top 15% of all industries, with a current Zacks Industry Rank of 36 [8].
Fleetio Raises over $450 Million Series D and Acquires Auto Integrate to Create Customer-Centric One-Stop-Shop for Fleet Maintenance
Newsfilter· 2025-03-25 15:00
Core Insights - Fleetio has acquired Auto Integrate, enhancing its fleet maintenance capabilities and establishing itself as a preferred solution in the market [1][2] - The acquisition was financed through a successful closing of over $450 million, valuing the combined business at over $1.5 billion [1] - The strategic union aims to serve over 8 million vehicles and process more than 13 million repair orders annually through a network of over 110,000 repair shops across North America [2] Company Overview - Fleetio is a leading fleet optimization software platform that provides comprehensive solutions for managing, repairing, and optimizing vehicles and assets [6] - Founded in 2012, Fleetio's cloud-based platform and mobile app help fleets manage preventive maintenance, reduce downtime, and maximize service vehicle utilization [6][7] - The company currently powers more than 7,500 public and private fleets across over 100 countries [7] Acquisition Details - The acquisition of Auto Integrate is described as transformative, combining Fleetio's optimization capabilities with Auto Integrate's maintenance authorization network [3] - Auto Integrate's software allows repair shops to electronically submit repair orders, reducing vehicle downtime and improving operational efficiency [3][4] - Fleetio plans to invest significantly in research and development to enhance Auto Integrate's platform and integrate its functionalities within the Fleetio ecosystem [4] Market Impact - The combined entity is expected to create a unified platform that eliminates communication barriers between fleet operators and repair facilities, ultimately reducing costs and keeping vehicles on the road longer [4] - The acquisition is seen as a way to unlock unique insights into fleet maintenance trends and predictive maintenance opportunities through a vast dataset of maintenance operations [5] - Investors, including Elephant and Goldman Sachs, view this acquisition as a transformative opportunity that enhances customer experience and operational efficiency for fleets in North America [5]
Clinical AI Leader Navina Secures $55M Series C Funding Led by Growth Equity at Goldman Sachs Alternatives
Prnewswire· 2025-03-25 11:00
Core Insights - Navina has successfully completed a $55 million Series C funding round, bringing total funding to $100 million, led by Goldman Sachs Alternatives [1][2][3] - The investment will accelerate Navina's expansion in the U.S. healthcare market and enhance its AI technology to improve patient outcomes [2][3] Company Overview - Navina's AI copilot serves over 10,000 healthcare professionals across 1,300 clinics, supporting the care of more than three million patients [3][5] - The platform has been recognized as Best in KLAS 2025 for Clinician Digital Workflow, indicating high customer satisfaction and trust [3][8] Technology and Impact - Navina's AI technology integrates into clinical workflows, providing real-time, data-driven insights that improve care quality and reduce administrative burdens [5][6] - The platform maintains an impressive 86% weekly active usage rate, demonstrating high trust in its AI recommendations [5] Future Development - With the new funding, Navina aims to develop its AI to become a definitive source of unified patient data, enhancing efficiency and care quality across the healthcare ecosystem [6][7] - The company plans to expand its platform capabilities to automate and optimize workflows, focusing on proactive population health management and effective point-of-care interventions [6]
Inside Goldman Sachs' Big Bet on AI at Scale
PYMNTS.com· 2025-03-20 15:41
Core Insights - Goldman Sachs is focusing on scaling artificial intelligence (AI) capabilities across its business to enhance productivity and efficiency [1][2] - The firm has seen a positive return on investment (ROI) from generative AI, with 57% of information firms reporting very positive ROI from their AI deployments [2] AI Implementation Strategy - Goldman Sachs is adopting a multi-pronged approach to AI, including the establishment of "AI champions" within each business group to identify effective use cases [3][4] - The GS AI Assistant, a generative AI chatbot, is being rolled out to approximately 10,000 employees, with plans for broader access throughout the year [5][6] Developer Focus - The firm has over 12,000 developers, representing a quarter of its workforce, and aims to enhance their performance through AI [7][8] - The GS AI Platform has been developed as a foundation for various AI applications, emphasizing security and governance [8][10] Governance and Risk Management - Goldman Sachs is prioritizing governance and risk control in its AI deployment, ensuring safe and secure use of AI technologies [10][11] - The company is preparing for the integration of AI agents that will transform entire workflows rather than just individual tasks [11][12] Future Directions - There is significant interest in AI use cases for document and life cycle management, aimed at improving operational efficiency and client service [12]
Goldman Sachs OTC Floaters Offer Appealing Appreciation Potential
Seeking Alpha· 2025-03-19 15:17
Group 1 - The article discusses investment ideas related to The Goldman Sachs Group, Inc. (GS) products, focusing on fixed-income investment opportunities [1] - The service "Trade With Beta" offers features such as frequent picks for mispriced preferred stocks and baby bonds, weekly reviews of over 1200 equities, IPO previews, hedging strategies, and an actively managed portfolio [1] - The article emphasizes the importance of community engagement, inviting active investors to join a free trial and participate in discussions with sophisticated traders and investors [1]
Goldman Sachs Stock Dips After Analyst Downgrade
Schaeffers Investment Research· 2025-03-19 14:17
Group 1 - Goldman Sachs Group Inc's stock is down 1.1% to $546.02 following a downgrade by Oppenheimer from "outperform" to "perform," citing sluggish merger and acquisition activity as a significant challenge [1] - There is potential for further downgrades, with 13 out of 23 analysts currently rating GS as a "strong buy," and the consensus 12-month price target of $654.56 represents an 18.6% premium to the recent closing price [2] - The stock has experienced a 16.6% decline over the past month, although it has a year-over-year gain of 41.7% and is down 3.8% in 2025 from its all-time high of $672.19 [4] Group 2 - The options traders' sentiment is leaning bullish, with a 10-day call/put volume ratio of 1.74, ranking in the 75th percentile of annual readings, which may influence Goldman Sachs stock [3] - The $525 level appears to be forming a support floor for the stock [4]