News
GS-PRA
22.54
+0.22%
0.05
BREAKINGVIEWS-Vote no to bashing proxy advisers
Breakingviews: JPMorgan CEO Jamie Dimon bashes proxy advisers in annual letter to shareholders. John Foley says ISS and Glass Lewis punch above their weight in influencing companies and investors. He says their impact is problematic, but they are the problem. The proxy advisers' views directly affect Dimon and his counterparts, he says. Foley: Shareholders should vote to support companies rather than bashing them.
Reuters · 18h ago
UPDATE 1-Lazard posts first-quarter profit on jump in assets
Lazard's assets under management rose to $250 billion in the first quarter from $232 billion a year earlier. Firm's asset management revenue rose 4% to $295 million. Revenue at Lazard's financial advisory segment rose 63% in the quarter. Lazard posts first-quarter profit on jump in assets.
Reuters · 19h ago
UPDATE 2-Lazard posts first-quarter profit on deals, assets boost
Lazard posts first-quarter profit on deals, assets boost. Investment bank's profit boosted by a string of high-profile mergers and acquisitions it advised on in the first quarter. Lazard's assets under management rose to $250 billion in the quarter from $232 billion a year earlier.
Reuters · 19h ago
MOVES-Hidehiro Imatsu named president of Goldman Sachs Japan
Goldman Sachs appoints Hidehiro Imatsu as president of its Japan unit. Imatsu takes the place of Masanori Mochida, who retired last year after 38 years at the investment bank. He will relocate to Tokyo from Hong Kong to take up the role.
Reuters · 20h ago
ANALYSIS-BHP's proposed bid for Anglo American is a big bet on copper
BHP Group's proposed $39 billion buyout of Anglo American is a big bet on copper Metal's price hit a two-year high on LME this week Copper demand boosted by energy, AI applications Chinese companies also eyeing more copper mine deals. Combined, companies would churn out 10% of global output of the red metal.
Reuters · 22h ago
METALS-Fund buying, supply shortage outlook pushes copper higher
Investment funds buying, supply shortage outlook pushes copper prices higher. Three-month copper on the London Metal Exchange up 0.9% to $9,862 a ton. Goldman Sachs forecast a potential deficit in the refined copper market this year. A weaker dollar index helps make copper cheaper to holders of other currencies.
Reuters · 23h ago
UPDATE 2-BNP Paribas beat estimates as lower costs offset slump in trading
BNP Paribas beats estimates as lower costs offset slump in trading. French bank's net income down 2.2% in Q1, revenue 0.4% lower y/y. FICC trading sales down 20% in first quarter; corporate banking up 6%. German rival Deutsche Bank posts 7% rise in fixed income trading revenue.
Reuters · 1d ago
China stands by economic data, says defence spending 'transparent'
China stands by economic data, says defence spending 'transparent' U.S. Admiral says China's economy battered by turmoil in real estate sector. In March, China said it would boost defence spending by 7.2% this year. China says its economic data has always been open and transparent.
Reuters · 1d ago
GOLDMAN SACHS<GS.N> - HIDEHIRO IMATSU WILL BECOME PRESIDENT AND REPRESENTATIVE DIRECTOR OF GOLDMAN SACHS JAPAN CO., LTD. EFFECTIVE JUNE 3, 2024
Reuters · 1d ago
GOLDMAN SACHS <GS.N> - HIDEHIRO IMATSU NAMED PRESIDENT OF GOLDMAN SACHS JAPAN CO., LTD.
Reuters · 1d ago
GOLDMAN SACHS TO NAME HIDEHIRO IMATSU AS PRESIDENT OF GOLDMAN SACHS JAPAN - NIKKEI
Reuters · 1d ago
METALS-Copper rises on funds inflow, potential supply shortage
Copper prices rise on funds inflow, potential supply shortage. Goldman Sachs forecast potential deficit in refined copper market this year. Three-month copper on the London Metal Exchange up 0.2% to $9,795.50 a ton. A weaker dollar index helps make greenback-priced metals cheaper to holders of other currencies.
Reuters · 1d ago
UPDATE 1-British commodities platform Marex prices US IPO at $1.35 bln valuation
British commodities platform Marex prices US IPO at $19 per share, aiming to raise around $292 million. The London-based company priced its IPO at the lower end of its targeted range of $18 to $21. The ordinary shares are expected to begin trading on the Nasdaq on Thursday.
Reuters · 1d ago
UPDATE 1-Microsoft-backed Rubrik prices US IPO above range at $32/shr
Microsoft-backed Rubrik prices US IPO above range at $32/shr. Rubrik upsized its IPO to raise $752 million after selling 23.5 million shares. The cybersecurity software startup counts Microsoft among its investors. The company makes cloud-based ransomware protection and data-backup software.
Reuters · 1d ago
Microsoft-backed Rubrik prices IPO above range at $32 per share, source says
Microsoft-backed Rubrik prices IPO above range at $32 per share, source says. The cybersecurity software startup counts Microsoft among its investors. Rubrik upsized its IPO to raise $752 million after selling 23.5 million shares. The company makes cloud-based ransomware protection and data-backup software.
Reuters · 1d ago
LIVE MARKETS-Goldman: Commodity prices, while high, won't derail the global economy
Goldman Sachs: Commodity prices, while high, won't derail the global economy. Brent oil prices have risen 14% year-to-date. The upside risk to global inflation from higher oil prices is fairly limited, strategists say. Wall Street's main indexes red, Nasdaq falls least.
Reuters · 1d ago
UPDATE 2-Goldman Sachs, BofA shareholders reject proposals for CEO-chair split
Goldman Sachs, BofA shareholders reject proposals for CEO-chair split. Proxy advisers had urged shareholders to support the moves to strip CEO and chairman roles. Both banks bucked pressure from influential proxy advisers to bolster corporate governance. Goldman Sachs, Bank of America shareholders vote against proposals to divide CEO and chair roles.
Reuters · 1d ago
Goldman Sachs: Prospectus [Rule 424(b)(2)]
Press release · 1d ago
UPDATE 1-Goldman Sachs taps BofA bankers for India dealmaking roles, sources say
Goldman Sachs taps BofA bankers for India dealmaking roles, sources say. India is the world's second busiest IPO market this year after the United States. Both hires have previously worked at Bank of America BAC.N. Goldman earned $16 million in investment banking fees in the region in first quarter of 2024.
Reuters · 1d ago
Goldman CEO's leadership criticized by ethics group at annual meeting
Conservative-leaning National Legal and Policy Center criticized Goldman Sachs CEO David Solomon's leadership at annual meeting. "Solomon's poor decision making led to substantial losses in company's retail banking division," group says. Goldman Sachs held its annual meeting in Utah on Wednesday.
Reuters · 1d ago
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About GS-PRA
The Goldman Sachs Group, Inc. is a global financial institution that delivers a range of financial services to a large and diversified client base that includes corporations, financial institutions, governments and individuals. Its segments include Global Banking & Markets, Asset & Wealth Management and Platform Solutions. The Global Banking & Markets segment offers a range of services, including financing, advisory services, risk distribution, and hedging for its institutional and corporate clients. It facilitates client transactions and makes markets in fixed income, equity, currency and commodity products. The Asset & Wealth Management segment manages assets and offers investment products across all asset classes to a diverse set of clients. It also provides investing and wealth advisory solutions. The Platform Solutions segment includes consumer platforms, such as partnerships offering credit cards and point-of-sale financing, and transaction banking and other platform businesses.