News
GS-PRD
22.30
+0.45%
0.10
Walmart-backed Ibotta targets up to $2.7 bln valuation in US IPO
Walmart-backed Ibotta targets up to $2.7 bln valuation in US IPO. Digital marketing company will likely raise $577.3 million in its IPO. The company plans to sell 6.6 million shares of its class A common stock at $88 apiece.
Reuters · 11h ago
Banks falling behind on messaging app scrutiny, survey finds
Survey finds banks falling behind on monitoring and archiving of all business-related communications using personal messaging apps. 63% of compliance executives say they are monitoring staff usage of WhatsApp for compliance purposes. Just 27% said they are investing in communications surveillance capabilities, survey finds. Banks fall behind on messaging app scrutiny, compliance firm SteelEye says.
Reuters · 1d ago
GOLDMAN SACHS <GS.N>: BOFA GLOBAL RESEARCH RAISES PRICE OBJECTIVE TO $478 FROM $450
Reuters · 1d ago
GOLDMAN SACHS ANNOUNCES REDEMPTION OF ALL OUTSTANDING DEPOSITARY SHARES REPRESENTING INTERESTS IN ITS 6.375% FIXED-TO-FLOATING RATE NON-CUMULATIVE PREFERRED STOCK, SERIES K
Reuters · 1d ago
UPDATE 1-Big banks led by Citi continue to trim staff to cut costs
Big banks led by Citi continue to trim staff to cut costs in the first quarter. Headcount at Bank of America, Wells Fargo and PNC Financial declined by about 2,000 jobs combined. Banks are under pressure to control costs due to uncertain economic outlook. JPMorgan Chase added 2, thousand employees in first quarter to 311,921.
Reuters · 1d ago
Goldman Sachs: Prospectus [Rule 424(b)(2)]
Press release · 1d ago
UPDATE 1-Goldman sees oil staying at higher end of its forecast range
Goldman Sachs sees oil prices staying at higher end of its forecast range. Analysts cite disappointing U.S. Supply and a likely sticky geopolitical risk premium. Oil prices were largely steady on Tuesday after the U.s. Announced plans to hit Iran with sanctions after its attack on Israel.
Reuters · 1d ago
Big banks led by Citi continue layoffs amid pressure to cut costs
Big banks led by Citi continue layoffs amid pressure to cut costs. Bank of America, Wells Fargo and PNC Financial together cut more than 2,000 jobs in the first quarter. Citigroup saw the biggest drop in its headcount, down by 2,500 employees. JPMorgan Chase added 2,200 employees in first quarter to 311,921.
Reuters · 1d ago
Wall Street bosses cheer investment banking gains but stay cautious
Wall Street bosses cheer investment banking gains but stay cautious. Investment banking revenues jumped 16% to $7 billion in the first quarter for largest U.S. Banks. Morgan Stanley, Goldman Sachs, JPMorgan Chase and Citigroup reported strong results. Capital markets led the comeback in investment banking, executives say.
Reuters · 1d ago
BREAKINGVIEWS-Microsoft-backed IPO breaks rule of 40 at bad time
Microsoft-backed cybersecurity firm Rubrik filed to go public in April flouting the Rule of 40. Jennifer Saba says the metric is used to determine the success of faster-growing technology firms. She says Rubrik is right to lower its value expectations at a tough time. Rubrik's revenue growth rate and free cash flow is a good indicator of high valuations, she says.
Reuters · 2d ago
GOLDMAN SACHS GROUP <GS.N>: OPPENHEIMER RAISES TARGET PRICE TO $479 FROM $446
Reuters · 2d ago
RPT-BREAKINGVIEWS-Goldman’s plan B unexpectedly upgraded to a B-plus
Goldman Sachs’s first-quarter earnings beat expectations because of a surge in bond-trading revenue. CEO David Solomon's plan B looks more like a B-plus, says John Foley. Goldman's trading business grew 10% year-on-year and delivered an 18% return on equity. The bank is good at trading and is not trying to become a consumer bank.
Reuters · 2d ago
UPDATE 3-Microsoft-backed Rubrik targets up to $5.4 bln valuation in US IPO
Microsoft-backed Rubrik targets up to $5.4 bln valuation in US IPO. Cybersecurity software firm Rubrik aims to raise $713 million in its U.S. Initial public offering. Technology companies have been leading a revival in listings this year. Rubrik provides data security solutions to more than 6,100 customers.
Reuters · 2d ago
UPDATE 4-Morgan Stanley's profit beats as investment banking rebounds
Morgan Stanley's first-quarter profit beats estimates as investment banking rebounds. Equity underwriting revenue more than doubles. Wealth management also a bright spot in the first quarter. The Wall Street giant reported a profit of $2.02 per share. Morgan Stanley's shares up 3.8% before the bell.
Reuters · 2d ago
UPDATE 6-Morgan Stanley profit beats estimates with higher investment banking, wealth revenue
Morgan Stanley first-quarter profit beats estimates with higher investment banking, wealth revenue. Investment banking revenue climbs 16% from a year earlier. Wall Street giant's wealth and investment management divisions benefit from surging client assets. Morgan Stanley shares up 3.7% in after-hours trading. U.S. Regulator probes of wealth management clients.
Reuters · 2d ago
UPDATE 5-Morgan Stanley profit beats estimates as investment banking rebounds, wealth grows
Morgan Stanley profit beats estimates as investment banking rebounds, wealth grows. Investment banking revenue climbs 16% from a year earlier. Fixed-income underwriting does well for a second quarter in a row. Wall Street giant's wealth and investment management divisions benefit from surging client assets. Morgan Stanley shares up 1.8%.
Reuters · 2d ago
UPDATE 2-Bank of America profit falls on lower customer interest payments
Bank of America's first-quarter profit falls on lower customer interest payments. The lender wrote off more loans, particularly for credit cards. BofA's interest income slid 3% to $14 billion in the first quarter. The second-largest U.S. Lender's investment banking and wealth management revenue rose.
Reuters · 2d ago
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About GS-PRD
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.