Under former President Joe Biden, regulators took a stringent approach to mergers and acquisitions (M&A), focusing on limiting the size and scope of major deals. As we entered this year, investment banks were hopeful that a change in administration under President Donald Trump would foster a more favorable environment for M&A activities.
Goldman Sachs (GS) closed at $559.67 in the latest trading session, marking a -1.41% move from the prior day.
In the past month, The Goldman Sachs Group, Inc. GS shares have tanked 12.3% compared with the industry's decline of 10.2% and the S&P 500 index fall of 5.5%. Meanwhile, its peers JPMorgan JPM and Morgan Stanley MS have lost 9% and 13.1%, respectively, during the same time frame.
Here's why AI is NOT boosting US GDP—despite billions pouring into the technology. Goldman Sachs says a surge in corporate AI spending has yet to translate into meaningful economic growth, thanks to inflation, overseas sales, and accounting quirks that downplay its true impact.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Goldman Sachs (GS) have what it takes?
Goldman Sachs is moving its annual headcount-cutting ritual from fall to spring this year. Reports suggested between 3% to 5% of Goldman's employees could be at risk.
Goldman Sachs reportedly plans to cut 3% to 5% of its staff in an annual review process. The cut would amount to about 1,395 jobs and would be a larger reduction than the one the Wall Street firm made during a review in September, Reuters reported Tuesday (March 4), citing unnamed sources.
The move will see 3% to 5% of the bank's global workforce of 46,500 cut, sources familiar with the matter told The Post.
The head of Goldman Sachs in Spain and Portugal, Olaf Diaz-Pintado, will retire this summer and be replaced by two internal executives to allow for an orderly transition, according to an internal memorandum seen by Reuters.
There's no question the financial services industry is home to some of the world's most dominant businesses. One such company -- Goldman Sachs (GS 2.86%) -- certainly stands out, especially in the area of capital markets and deal-making.
Investors might be surprised to learn that in the past five years, shares of Goldman Sachs (GS 2.86%) have soared 186%. Including the company's dividend, the total return achieved was 219%.
Expectations of a banner year in dealmaking have not yet materialized due to worries about inflation and uncertainties over U.S. government policy, and that is weighing on Goldman Sachs's current valuation, analysts said.