The Goldman Sachs Group, Inc.
News and overview for The Goldman Sachs Group, Inc.
Credit Suisse swings to $2.3 billion profit - MarketWatch
MarketWatch | 33 days 5 hours 24 minutes ago
The result compared with a loss of 1.26 billion francs a year earlier, when it suffered from big trading losses as well as write-downs on its leveraged-loan and structured-products business.
U.S. stock futures edge back - MarketWatch
MarketWatch | 42 days 3 hours 33 minutes ago
S&P 500 futures slipped 2.7 points to 1,068.80 and Nasdaq 100 futures declined 3.25 points to 1,724.50. Futures on the Dow Jones Industrial Average fell 23 points.
U.S. stocks look to bottom lines to keep on top - MarketWatch
MarketWatch | 44 days 21 hours 50 minutes ago
"There's a pretty broad consensus that the economy will have a recovery. Now the issue is, how will that affect earnings?" said Milton Ezrati, market strategist at Lord Abbett.
Mack wanted Wall Street to change; it didn't MarketWatch First Take - MarketWatch
MarketWatch | 33 days 22 hours 23 minutes ago
Reuters Morgan Stanley's John Mack
Fitch Confirms 'AAA/F1+' Ratings on Indiana Housing's 2008 Series A-2 Bonds [Press Release]
Business Wire | 14 days 16 hours 39 minutes ago
Fitch Ratings confirms the 'AAA/F1+' rating assigned to the Indiana Housing and Community Development Authority single-family mortgage revenue bonds, 2008 series A-2 variable-rate demand bonds outstanding in the amount of $85 million. Fitch also confirms the 'AAA' rating with a Stable Outlook on the following outstanding issues for the Indiana Housing and Community Development Authority (totaling approximately $1.29 billion) issued under the general resolution dated June 1, 1980:
Glass-Steagall revisited -- and rightly rejected MarketWatch First Take - MarketWatch
MarketWatch | 34 days 25 minutes ago
Volcker carries clout of course not just because he's a still-respected ex-Fed chief -- a certain other one that rhymes with Beanclan can't say that -- but because President Obama and his administration listen to him. See link to New York Times story.
Goldman Sachs profit tops $3B on strong trading :: CHICAGO SUN-TIMES :: Earnings
Chicago Sun-Times | 40 days 46 minutes ago
NEW YORK---- Goldman Sachs Group Inc.'s third-quarter earnings rose 73 percent from the depths of the financial crisis as income from the company's trading operations offset a drop in its investment banking business.
Sallie Mae shares rally; broader financials rise - MarketWatch
MarketWatch | 33 days 22 hours 59 minutes ago
Its shares /quotes/comstock/13*!slm/quotes/nls/slm (SLM 10.66, +1.76, +19.75%) rose 17.4%.
Goldman Holders Miffed at Bonuses
Wall Street Journal, The | 3 days 19 hours 48 minutes ago
Some of the largest shareholders in Goldman Sachs Group Inc. have urged the Wall Street firm to reduce the size of its bonus pool, arguing that it should pass along more of its blockbuster earnings to investors, according to people familiar with the situation.
Bank chiefs urge UK's FSA to slow pace of change - MarketWatch
MarketWatch | 22 days 18 hours 46 minutes ago
Leading U.K. bankers have urged the Financial Services Authority to slow down its efforts to reform markets, according to documents seen by Financial News, which demonstrates the level of discomfort within the industry at the pace of change.
Goldman was exposed to AIG losses: government report
Reuters | 5 days 7 hours 8 minutes ago
NEW YORK (Reuters) - Goldman Sachs Group Inc could have suffered dramatic losses if the federal government had not intervened to prop up American International Group Inc, according to a government report.
Some Shareholders Want Goldman to Cut Back on Bonuses
Wall Street Journal, The | 4 days 8 hours 5 minutes ago
Some of the largest shareholders in Goldman Sachs Group Inc. have urged the Wall Street firm to reduce the size of its bonus pool, arguing that it should pass along more of its blockbuster earnings to investors, according to people familiar with the situation.
Analysts again expect big profit from Goldman in the 3rd-quarter despite season slowdown
Orlando Sentinel (Fla.) | 40 days 19 hours 50 minutes ago
NEW YORK (AP) — Goldman Sachs Group Inc. reports third-quarter financial results on Thursday. The following is a summary of key developments and analyst opinion related to the period.
ICBC 'relieved' as Allianz, AmEx won't sell shares after lock-up - MarketWatch
MarketWatch | 35 days 9 hours ago
SHANGHAI (MarketWatch) -- Shares of Industrial & Commercial Bank of China Ltd. (1398.HK) rose Tuesday after two foreign investors said they have no immediate plans to reduce their stakes in the world's largest lender by market value.
Goldman bonuses overshadow charity work
Canada.com | 40 days 28 minutes ago
Goldman Sachs Group Inc., on pace to top 2007s record US$20.12-billion in compensation, may find that acts of largess arent enough to mitigate a public backlash sparked by the firms bonuses.
Company Overview
| Company: | The Goldman Sachs Group, Inc. |
|---|---|
| Industry: | Large-Market Investment Banking |
| Website: | http://www.goldmansachs.com |
Goldman Sachs has traditionally possessed the Midas touch in the investment banking world. A global leader in mergers and acquisitions advice and securities underwriting, Goldman offers a gamut of investment banking and asset management services to corporate and government clients, as well as institutional and individual investors. It owns Goldman Sachs Execution & Clearing, one of the largest market makers on the NYSE and a leading market maker for fixed income products, currencies, and commodities. In 2008 Goldman Sachs converted to a bank holding company and formed subsidiary Goldman Sachs Bank USA (GS Bank USA), now in charge of bank loan trading, mortgage originations, and other activities.
Key Numbers
| Sales in U.S. Dollars (mil.) | 22,222 (2008) |
|---|---|
| One-year % Growth in Sales | -51.7 (2008) |
| Net Income in U.S. Dollars (mil.) | 2,322 (2008) |
| One-year % Growth in Net Income | -79.6 (2008) |
| Number of Employees | 30,067 (2008) |
| One-year % Growth in Number of Employees | -1.5 (2008) |
| Fiscal Year-End | November |
