The Goldman Sachs Group, Inc. (GS)
Goldman Sachs Q2 2024 Earnings: Top-Tier Results, Concerns On Forward Outlook
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: Q2 Earnings Show Growth Is On The Horizon
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.
Impressive Rally: Eyeing Further Upside for This Financial Stock
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 is predicting the long-awaited return of M&A
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.
Goldman Sachs ‘mixed' quarter hit by heavy expenses, but deal pipeline grows
KBW reiterates outperform rating, while Jefferies sticks to a buy and Citi reiterates a neutral stance
Crude Oil Moves Lower; Goldman Sachs Posts Upbeat Results
U.S. stocks traded higher toward the end of trading, with the Dow Jones index rising more than 150 points on Monday.
Goldman's Card Balances Up 11% as Management's ‘Pleased' With Credit Performance
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.
Goldman Sachs Overhaul Takes Two Steps Forward, One Step Back
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.
Goldman (GS) Q2 Earnings Beat Estimates, IB Revenues Rise Y/Y
Strong Investment banking and FICC financing revenues support Goldman's (GS) Q2 Earnings. However, the current tough macroeconomic scenario remains a concern.
Q2 Earnings Parade Continues
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.
Goldman Sachs profit more than doubles to $3B as Wall Street dealmaking rebounds
After a foray into consumer banking flopped, Goldman has refocused on its traditional mainstays - investment banking and trading.
The Goldman Sachs Group, Inc. (GS) Q2 2024 Earnings Call Transcript
The Goldman Sachs Group, Inc. (NYSE:GS ) Q2 2024 Earnings Conference Call July 15, 2024 9:30 AM ET Company Participants David Solomon - Chairman and Chief Executive Officer Dennis Coleman - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Ebrahim Poonawala - Bank of America Betsy Graseck - Morgan Stanley Brennan Hawken - UBS Mike Mayo - Wells Fargo Securities Steven Chubak - Wolfe Research Devin Ryan - Citizens JMP Securities Dan Fannon - Jefferies Matt O'Connor - Deutsche Bank Gerard Cassidy - RBC Saul Martinez - HSBC Operator Good morning. My name is Katie and I will be your conference facilitator today.
