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.
Goldman Sachs forecasted declining equity returns from the S&P 500 (^GSPC) over the next decade, slowing to 3% compared to the 13% returns seen over this past ten years. Yahoo Finance senior markets reporter Josh Schafer explains Goldman Sachs' latest note, noting equity strategist Ben Snider's assurances that this isn't as bearish a call as it looks.
An enforcement action is expected as soon as this week pertaining to bank's Apple credit-card program
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 credit card partnerships, personal loan portfolios, and consumer lending products, to double down on its investment banking and wealth management.
The S&P 500 has had a great run this year and is now up more than 23%.
Goldman Sachs Group Inc GS reported on Tuesday upbeat earnings for its third quarter.
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.
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.
Goldman Sachs Group Inc (NYSE:GS) reported strong third-quarter results before the open this morning, with profits jumping 45% to earnings of $8.40 per share.
The Goldman Sachs Group, Inc. (NYSE:GS ) Q3 2024 Results Conference Call October 15, 2024 9:30 AM ET Company Participants David Solomon - Chairman and Chief Executive Officer Denis Coleman - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Ebrahim Poonawala - Bank of America Christian Bolu - Autonomous Research Mike Mayo - Wells Fargo Securities Betsy Graseck - Morgan Stanley Brennan Hawken - UBS Steven Chubak - Wolfe Research Devin Ryan - Citizens JMP Dan Fannon - Jefferies Gerard Cassidy - RBC Saul Martinez - HSBC Operator Good morning. My name is Katie and I will be your conference facilitator today.
Strong IB revenues, along with lower expenses, support GS' Q3 earnings. However, a weak capital position and a rise in provisions remain a concern.
J.P. Morgan analyst Kian Abouhossein expressed the view on Goldman Sachs Group Inc.‘s GS third quarter financial results.