Rhode Island Democratic Senator Sheldon Whitehouse just disclosed three trades of three very different companies. All three of these trades were made last month but disclosed on July 16.
Goldman Sachs has made a handful of senior leadership appointments within its investment banking team, according to an internal memo seen by Reuters.
Banks are recession favorites due to their high exposure to advisory and lending activities during tough times. In the year so far, Goldman Sachs has netted earnings on par with all of 2023. However, the deal-making landscape going forward is likely to be very challenging. Goldman Sachs is working on shedding its exposure to the highly stressed credit card industry and transforming more into an advisor for businesses.
Goldman Sachs reported strong Q2 2024 earnings with record base management fees and trading revenue. Investment banking fees are on the rise for major banks, indicating a potential turning point in the industry. GS's prospects appear solid with recent initiatives, a strong investment banking backlog, and positive sentiment towards IPOs.
If you look at Goldman Sachs' NYSE: GS 70% gain over the last nine months and wonder how much higher it can go, the answer is a lot. The uptrend is supported by revenue and earnings quality, an outlook for double-digit growth in the next fiscal year, and robust sell-side support that shows no signs of stopping.
Goldman Sachs' CEO David Solomon offered an optimistic view on the dealmaking landscape during the bank's second-quarter earnings calls on Monday, writes Business Insider's Reed Alexander.
KBW reiterates outperform rating, while Jefferies sticks to a buy and Citi reiterates a neutral stance
U.S. stocks traded higher toward the end of trading, with the Dow Jones index rising more than 150 points on Monday.
Goldman Sachs' GreenSky sale is in the rearview mirror and its pivot from Main Street banking is ongoing. Its latest earnings results, released Monday (July 15), show that “substantially all” of the Marcus loans were sold a year ago.
During the second quarter, Goldman Sachs GS 1.53%increase; green up pointing triangle turned 25 years old as a public company. Like anyone at quarter-life, it has a stronger sense of what it wants to be, but isn't quite there yet.
Strong Investment banking and FICC financing revenues support Goldman's (GS) Q2 Earnings. However, the current tough macroeconomic scenario remains a concern.
Pre-markets are up solidly to start a new week of trading. This will be the first full week of Q2 earnings season, as well as ushering in plenty of economic data like U.S. Retail Sales and New Housing Starts.