GS - The Goldman Sachs Group, Inc.

NYSE - NYSE Delayed Price. Currency in USD
206.46
-0.96 (-0.46%)
At close: 4:00PM EDT

206.70 +0.24 (0.12%)
After hours: 5:53PM EDT

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Previous Close 207.42
Open 208.29
Bid 206.10 x 800
Ask 206.70 x 1100
Day's Range 204.39 - 208.93
52 Week Range 151.70 - 234.06
Volume 2,771,202
Avg. Volume 2,373,456
Market Cap 74.236B
Beta (3Y Monthly) 1.34
PE Ratio (TTM) 9.23
EPS (TTM) 22.38
Earnings Date Jan 14, 2020 - Jan 20, 2020
Forward Dividend & Yield 5.00 (2.41%)
Ex-Dividend Date 2019-08-29
1y Target Est 234.52
Trade prices are not sourced from all markets
  • Reuters

    UPDATE 1-Goldman wants traders to be more like dealmakers and coders

    Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they have figured out the key to a turnaround: asking traders to be more like investment bankers. Goldman plans to invest as much as $200 million in securities division technology over the next three years, a person familiar with the matter said.

  • Fed’s Williams says central bank would adjust plan to soothe funding markets ‘as appropriate’
    MarketWatch

    Fed’s Williams says central bank would adjust plan to soothe funding markets ‘as appropriate’

    New York Fed President John Williams said the U.S. central bank was confident in its measures to deal with funding market strains.

  • Bloomberg

    Goldman Explores Sale of Puerto Rico Toll Roads Stake

    (Bloomberg) -- Goldman Sachs Group Inc. is seeking buyers for its 49% stake in a Puerto Rico toll road concession that could value the asset at more than $2 billion, according to people familiar with the matter.Goldman is working with advisers to solicit interest from potential suitors for Autopistas Metropolitanas de Puerto Rico LLC -- known as Metropistas, said the people, who asked not to be identified because the talks are private. A representative for Goldman declined to comment.The infrastructure-investment arm of the New York firm acquired 55% of Metropistas in 2011, alongside Spain’s Abertis Infraestructuras SA. It sold 6% to Abertis in 2014.Toll roads have been an asset favored by infrastructure investors across the globe, in part due to the perceived stability of revenues from drivers dependent on a route.Abertis and Goldman have the right to operate two toll roads until 2061: the 83-kilometer PR-22, which connects San Juan with Arecibo; and the 4-kilometer PR-5, which runs through San Juan. The combined annual earnings of the roads is more than $100 million before interest, taxes, depreciation and amortization, one of the people said. Traffic and revenues have continued to grow despite a challenging economic environment, the person said.In late 2017, Abertis and Goldman donated $1 million toward relief efforts after Hurricane Maria put the toll roads out of operation briefly that September.Last week, Goldman’s infrastructure arm announced the sale of a majority stake in Red de Carreteras de Occidente, one of Mexico’s largest private toll road operators, to Abertis and GIC Pte Ltd.To contact the reporter on this story: Gillian Tan in New York at gtan129@bloomberg.netTo contact the editors responsible for this story: Alan Goldstein at agoldstein5@bloomberg.net, Steve DicksonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Goldman wants traders to be more like dealmakers and coders
    Reuters

    Goldman wants traders to be more like dealmakers and coders

    Over the past decade or so, Goldman Sachs Group Inc has watched its annual trading profits fall 84%, as post-financial crisis regulations upended Wall Street. Now, bank executives are hoping they have figured out the key to a turnaround: asking traders to be more like investment bankers. Goldman plans to invest as much as $200 million in securities division technology over the next three years, a person familiar with the matter said.

  • MarketWatch

    Dow flat despite losses in shares of IBM, Intel

    DOW UPDATE Shares of IBM and Intel are posting losses Thursday morning, though the Dow Jones Industrial Average is trading essentially flat. The Dow (DJIA) was most recently trading 3 points, or 0.0%, lower, as shares of IBM (IBM) and Intel (INTC) are contributing -24% of the index's intraday losses.

  • Thomson Reuters StreetEvents

    Edited Transcript of GS earnings conference call or presentation 15-Oct-19 3:00pm GMT

    Q3 2019 Goldman Sachs Group Inc Earnings Call

  • Texas Capital (TCBI) Q3 Earnings Top Estimates, Revenues Up
    Zacks

    Texas Capital (TCBI) Q3 Earnings Top Estimates, Revenues Up

    Texas Capital's (TCBI) Q3 results highlight steady growth in revenues, partially offset by higher expenses.

  • M&T Bank (MTB) Q3 Earnings Lag, Costs & Provisions Escalate
    Zacks

    M&T Bank (MTB) Q3 Earnings Lag, Costs & Provisions Escalate

    M&T Bank's (MTB) Q3 performance highlights higher provisions and expenses, partly muted by growth in revenues, aided by higher deposit balances.

  • Morgan Stanley, Union Pacific earnings — What to know in markets Thursday
    Yahoo Finance

    Morgan Stanley, Union Pacific earnings — What to know in markets Thursday

    Earnings will continue as the focal point for investors Thursday, as Morgan Stanley and Union Pacific gear up to report.

  • Solid Start to Q3 Earnings Season
    Zacks

    Solid Start to Q3 Earnings Season

    Solid Start to Q3 Earnings Season

  • MarketWatch

    Ex-Cisco CEO John Chambers, star team of engineers have a startup targeting Amazon’s AWS

    Pensando Systems, the ultra-secretive Silicon Valley company, announced Wednesday in New York it is has developed hardware and software that lets companies run their computer servers more efficiently, particularly in the cloud.

  • Pinterest Block Trade Prices at Bottom of Range
    Bloomberg

    Pinterest Block Trade Prices at Bottom of Range

    (Bloomberg) -- Pinterest Inc. shares fluctuated on Wednesday after a large block of shares was said to change hands overnight. The deal probably doesn’t reflect negative sentiment around the stock ahead of earnings this month, two analysts said.A person familiar with the matter said Goldman Sachs was managing the 4.68-million share block trade on behalf of an unknown holder. The share sale launched on Tuesday, the same day that selling restrictions lifted for insiders and other pre-IPO shareholders. The selling shareholder is likely a pre-IPO investor that is broadly shifting away from the internet space, Pivotal Research analyst Michael Levine said Wednesday morning in a phone interview. He upgraded the stock to buy from hold on Wednesday afternoon.“There’s some really early money in this,” Levine said in the interview. “So if you’re no longer involved in consumer internet, you’re gone. If you’ve been in it since 2012, you’re gone.” He named Andreessen Horowitz and Bessemer Venture Partners as possible sellers.Levine thinks other pre-IPO holders are less likely to be selling at this price level.“Based on how much the stock has pulled back, it’s actually gotten pretty attractive,” he said. “I think a lot of people are short and negative on this and I suspect earnings will be a very positive catalyst.” Wednesday’s upgrade did not adjust Pivotal’s $32 price target, which is below the Street average of $34.Read more: Pinterest’s Early Investors Get Chance to Sell After 42% RallyWells Fargo analyst Brian Fitzgerald agreed.“We do not see this as pessimism ahead of earnings, or the fundamentals with regards to this year’s IPOs,” he said in an email interview. Fitzgerald rates Pinterest a market perform with a $34 target.Shares opened as Wednesday’s worst performer in the 21-member Dow Jones US Mid Cap Media Index, before turning positive later in the morning. Pinterest reports third-quarter results on Oct. 31 after the market closes.The share sale priced at $25.00, the bottom of its $25-$25.25 offering range, the person familiar with the matter said Wednesday morning. Shares traded as high as $36.83 in August after the April IPO priced at $19.(Updates with Pivotal upgrade, Wells Fargo comments.)\--With assistance from Ryan Vlastelica.To contact the reporter on this story: Drew Singer in New York at dsinger28@bloomberg.netTo contact the editors responsible for this story: Brad Olesen at bolesen3@bloomberg.net, Jim Silver, Jeremy R. CookeFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Centrica Picks Goldman for $2 Billion Spirit Energy Sale
    Bloomberg

    Centrica Picks Goldman for $2 Billion Spirit Energy Sale

    (Bloomberg) -- Centrica Plc has picked Goldman Sachs Group Inc. to advise on the potential sale of its controlling stake in exploration and production unit Spirit Energy, people familiar with the matter said.A deal could value the business at more than $2 billion, one of the people said, asking not to be identified because the information is private.Centrica is pursuing a sale of its stake in Spirit as the U.K. utility seeks to recover from a tumultous five-year period under CEO Iain Conn where it lost more than two-thirds of its value and shed millions of customers. It owns 69% of Spirit, while the remaining stake is owned by Bayerngas Norge’s former shareholders, according to the company’s website.Spirit was formed in 2017 after Centrica and Bayerngas Norge AS combined their upstream oil and gas units. The unit produces about 50 million barrels of oil equivalent a year and has an estimated 600 million barrels of resources and reserves across the U.K., Norway, the Netherlands and Denmark. Accounting firm KPMG is also working with Centrica on audit work for the transaction, according to one of the people. Representatives for Centrica and Goldman Sachs declined to comment, while a spokesman for Spirit said the company will “support the sales process as appropriate.” A representative for KPMG didn’t immediately respond to a request for comment.\--With assistance from Laura Hurst.To contact the reporters on this story: Dinesh Nair in London at dnair5@bloomberg.net;Kelly Gilblom in London at kgilblom@bloomberg.netTo contact the editors responsible for this story: Ben Scent at bscent@bloomberg.net, ;James Herron at jherron9@bloomberg.net, Rakteem KatakeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PR Newswire

    League Honored by Goldman Sachs for Entrepreneurship

    SANTA BARBARA, Calif., Oct. 16, 2019 /PRNewswire/ -- Goldman Sachs (GS) is recognizing Mike Serbinis, League Inc. Founder and CEO, as one of the 100 Most Intriguing Entrepreneurs of 2019 at its Builders + Innovators Summit in Santa Barbara, California. Goldman Sachs selected Serbinis as one of 100 entrepreneurs from multiple industries to be honored at the three-day event.

  • Cisco veterans, backed by $278M, aim to disrupt Amazon's cloud dominance
    American City Business Journals

    Cisco veterans, backed by $278M, aim to disrupt Amazon's cloud dominance

    The team that sold billions of dollars worth of key businesses to Cisco Systems over the past 25 years are ready to talk about their latest startup. It's a San Jose business they say will "democratize the cloud."

  • CrowdStrike CEO gives perfect answer on post IPO stock price tumble
    Yahoo Finance

    CrowdStrike CEO gives perfect answer on post IPO stock price tumble

    Crowdstrike remains a business on fire, even if some on Wall Street are voicing views to the contrary.

  • GlobeNewswire

    VAST Data CEO and Founder Honored by Goldman Sachs for Entrepreneurship

    Goldman Sachs (GS) is recognizing Renen Hallak, Founder and CEO of VAST Data as one of the 100 Most Intriguing Entrepreneurs of 2019 at its Builders + Innovators Summit in Santa Barbara, California. Goldman Sachs selected Hallak as one of 100 entrepreneurs from multiple industries to be honored at the three-day event.

  • PNC Financial (PNC) Q3 Earnings Top Estimates on High Revenues
    Zacks

    PNC Financial (PNC) Q3 Earnings Top Estimates on High Revenues

    PNC Financial's (PNC) Q3 performance highlights top-line strength, partly offset by elevated expenses and provisions.

  • PR Newswire

    ringDNA Honored by Goldman Sachs for Entrepreneurship

    Howard Brown, CEO & Founder of ringDNA, Among 100 Most Intriguing Entrepreneurs at 2019 Builders + Innovators Summit LOS ANGELES , Oct. 16, 2019 /PRNewswire/ -- Goldman Sachs (NYSE:GS) is recognizing ringDNA ...

  • If You Had Bought Goldman Sachs Group (NYSE:GS) Stock Three Years Ago, You Could Pocket A 20% Gain Today
    Simply Wall St.

    If You Had Bought Goldman Sachs Group (NYSE:GS) Stock Three Years Ago, You Could Pocket A 20% Gain Today

    Buying a low-cost index fund will get you the average market return. But in any diversified portfolio of stocks...

  • Goldman loses its Wall Street luster as earnings miss, UnitedHealth’s stock soars to record price gain
    MarketWatch

    Goldman loses its Wall Street luster as earnings miss, UnitedHealth’s stock soars to record price gain

    The kick-off of earnings season Tuesday was a tale of both winners and losers on Wall Street as a number of blue-chip companies reported both profit and revenue that beat expectations, while a couple notable banks fell surprisingly short.

  • Santander Follows Goldman Sachs With Bet on Berlin Fintechs
    Bloomberg

    Santander Follows Goldman Sachs With Bet on Berlin Fintechs

    (Bloomberg) -- Berlin-based fintech firm CrossLend has found a new prominent investor in Banco Santander SA.The Spanish lender is leading a 35 million euros ($39 million) funding round for the digital debt market place, it said in a statement on Wednesday. The investment is set to help CrossLend to enter new markets.The new money brings the firms valuation to over 100 million euros for the first time, according to a person familiar with the matter who asked not be identified because the information is private.Founded in 2014, CrossLend provides a marketplace for consumer loans and other forms of debt originated by banks. Buyers are institutional investors such as banks, investment funds and insurance companies.Foreign investors like Santander have recently increased their bets on German fintechs. Investments in the firms reached a record in 2018, topping 1 billion euros for the first time, according to data by Barkow Consulting. After the first six months of this year, investments already stand at around 900 million euros with the first quarter seeing the highest inflows ever.One of the most active foreign investors in Berlin, where many German fintech firms are located, was Goldman Sachs Group Inc. this year.In May, the U.S. bank led a funding round for Berlin-based Elinvar which was founded by former Deutsche Bank AG employees and has built a digital platform to enable lenders to offer their services online. Two month later, it invested 25 million euros in Raisin, an internet platform allowing users to compare bank-savings products.Santander also invested in Berlin-based Bonify which operates a personal finance app.(Bonify investment added in last paragraph)To contact the reporter on this story: Stephan Kahl in Frankfurt at skahl@bloomberg.netTo contact the editors responsible for this story: Daniel Schaefer at dschaefer36@bloomberg.net, Ingo KolfFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • We're learning how much big banks are feeling Silicon Valley's pain: Morning Brief
    Yahoo Finance

    We're learning how much big banks are feeling Silicon Valley's pain: Morning Brief

    Top news and what to watch in the markets on Wednesday, October 16, 2019.