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GS - Goldman Sachs

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by bigbear0083, Mar 31, 2016.

  1. bigbear0083

    bigbear0083 Content Manager
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    [​IMG]

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    The Goldman Sachs Group, Inc. (GS) is an American multinational investment banking firm that engages in global investment banking, investment management, securities and other financial services primarily with institutional clients.

    Goldman Sachs was founded in 1869 and is headquartered at 200 West Street in the Lower Manhattan area of New York City, with additional offices in other international financial centers. The firm provides asset management, mergers and acquisitions advice, prime brokerage and underwriting services to its clients, which include corporations, governments and individuals. The firm also engages in market making and private equity deals, and is a primary dealer in the U.S. Treasury security market.

    Goldman Sachs was hit hard by the 2008 economic crisis, because of its involvement in subprime mortgages, and was subsequently rescued as part of a massive U.S. government bailout.

    Former Goldman executives who moved on to government positions include, but are not limited to, Robert Rubin and Henry Paulson who served as U.S. Secretaries of the Treasury under former Presidents Bill Clinton and George W. Bush, respectively; Mario Draghi, President of the European Central Bank, and Mark Carney, Governor of the Bank of Canada from 2008–13 and Governor of the Bank of England since July 2013.
     
  2. T0rm3nted

    T0rm3nted Moderator
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    Goldman Sachs pays CEO Blankfein $22.6 million for 2015

    Goldman Sachs Group Inc (GS) paid Chief Executive Lloyd Blankfein $22.6 million for 2015, according to a regulatory filing on Friday, marking his first pay decline in four years.

    Blankfein received $24 million for 2014.

    On top of his salary and other awards, Blankfein is eligible to receive a total of $7 million based on the bank's performance over the next eight years as part of Goldman's long-term performance incentive plan, the filing to the Securities and Exchange Commission showed.

    The compensation included stock awards of $13.9 million and a bonus of $6.3 million. (1.usa.gov/1UNsQBR)

    Goldman also paid Chief Financial Officer Harvey Schwartz and Chief Operating Officer Gary Cohn total compensation of $21 million, it said.

    Goldman's compensation committee had determined that each executive's total 2015 pay should be reduced by 4 to 5 percent from the prior year, as a result of challenging financial markets and increased costs related to regulatory requirements, it said.

    The decision factored in a payment of over $5 billion to settle U.S. regulators' claims that Goldman had misled investors of mortgage bonds sold between 2005 and 2007, it added.

    Goldman told shareholders to vote against a shareholder proposal that required that the bank's chairman be an independent board member, the filing showed.

    Shares of Goldman Sachs declined 8 percent in 2015, making it the second worst performer among the big U.S. banks after Morgan Stanley (MS), which slumped 18 percent.

    JPMorgan Chase & Co (JPM), the biggest U.S. bank by assets, said on Thursday that it had raised CEO Jamie Dimon's 2015 pay package to $27 million. Arch rival Morgan Stanley said last week that it had cut CEO James Gorman's compensation to $22.1 million from $23.3 million.

    LINK - http://www.reuters.com/article/us-goldmansachs-compensation-idUSKCN0X520O
     
  3. T0rm3nted

    T0rm3nted Moderator
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    Goldman Sachs to pay $5 billion in U.S. Justice Dept mortgage bond pact

    Goldman Sachs Group Inc (GS) has agreed to pay $5.06 billion to settle claims that it misled mortgage bond investors during the financial crisis, the U.S. Department of Justice said on Monday.

    The settlement, which Goldman disclosed in January, stems from the firm's conduct in packaging, securitization, marketing and sale of residential mortgage-backed securities between 2005 and 2007, the Justice Department said.

    Investors suffered billions of dollars in losses from the securities bought during the period, the department said.

    The settlement comprises a $2.385 billion civil penalty and $1.8 billion in other relief, including funds for homeowners whose mortgages exceed the value of their property, as well as distressed borrowers. It also preserves the government's ability to bring criminal charges against Goldman and does not release any individuals from potential criminal or civil liability, the Justice Department said.

    In addition, Goldman will pay $875 million to resolve claims by the New York and Illinois attorneys general, the National Credit Union Administration and the Federal Home Loan Banks of Chicago and Seattle.

    A state and federal working group formed to investigate wrongdoing in the pre-financial crisis mortgage-backed securities market negotiated the settlement, said New York Attorney General Eric Schneiderman.

    The group has reached settlements with five other major financial institutions since 2012: J.P. Morgan Chase (JPM) ($13 billion), Bank of America (BAC) ($16.6 billion), Citibank (C) ($7 billion) and Morgan Stanley (MS) ($3.2 billion).

    "We are pleased to put these legacy matters behind us," a Goldman spokesman said in a statement. "Since the financial crisis, we have taken significant steps to strengthen our culture, reinforce our commitment to our clients, and ensure our governance processes are robust," he said.

    Goldman also acknowledged a Justice Department statement of facts describing how the firm misled investors.

    For example, Goldman's due diligence for one issue of 2006 mortgage-backed securities showed that some of the loan pools reflected an “unusually high” percentage of loans with credit and compliance programs, the Department said.

    "How do we know that we caught everything?" asked a Goldman committee tasked with reviewing and approving mortgage-backed securities, according to the Justice Department. "We don't," a Goldman manager said.

    "Depends on what you mean by everything? Because of the limited sampling... we don’t catch everything,” another Goldman manager said.

    Still, the committee approved the securities without requiring additional due diligence, said the Justice Department, which did not identify those involved.

    LINK - http://www.reuters.com/article/us-goldman-sachs-mbs-settlement-idUSKCN0X81TI
     
  4. StockJock-e

    StockJock-e Brew Master
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    $5B that they got as part of the bail out? :D
     
  5. T0rm3nted

    T0rm3nted Moderator
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    Goldman posts weakest results in four years, revenue tumbles 40 percent
    Goldman Sachs Group Inc reported the worst quarterly results in more than four years on Tuesday as volatile markets kept clients from trading, investing or issuing new securities.

    Goldman's shares rose 2 percent at $162.20 after beating weakened analysts' expectations.

    Read full article here: http://www.reuters.com/article/us-goldmansachs-results-idUSKCN0XG1EV
     
  6. StockJock-e

    StockJock-e Brew Master
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    So you say its a strong buy? :D
     
  7. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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  8. T0rm3nted

    T0rm3nted Moderator
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    Reported before open today (7/19/16)
    Earnings: EPS $3.72 Revenue $7.93B
    Estimates: EPS $3.00 Revenue $7.58B

    Down 0.51% pre-market so far
     
  9. Tiptopptrader

    Tiptopptrader Well-Known Member

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    Goldman Sachs Beats Q2 Earnings Expectations On Expense Cuts And Bond Trading Surge
    Goldman Sachs Group was all but assured to have a down second quarter given a recent rise in risk aversion among investors, a slowing of corporate merger and acquisition activity, and a deep freeze in the initial public offering market. To blunt the impact of declining animal spirits, Wall Street’s largest standalone investment bank is employing a strategy of shrinking to build a foundation for future growth. On Tuesday morning, Goldman Sachs posted better than expected second quarter earnings, bolstered by the bank’s effectiveness in shrinking its bottom line. Goldman Sachs reported net revenues of $7.93 billion and a $1.82 billion profit, or $3.72 a share, beating expectations of $7.5 billion in revenues an $3.08 in EPS.
    http://finance.yahoo.com/m/ddbe5f7e-c0eb-3da2-aa3a-d71ed2b522b8/ss_goldman-sachs-beats-q2.html

    upload_2016-7-19_6-48-6.png
     
  10. T0rm3nted

    T0rm3nted Moderator
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    Analyst Upgrade/Downgrade Update

    Brokerage firm:
    Rafferty
    Change: Upgrade
    Previous Rating: Hold
    Current Rating: Buy
    Previous Price Target: N/A
    Current Price Target: N/A
     
    bigbear0083 likes this.
  11. bigbear0083

    bigbear0083 Content Manager
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    Q3 ER Estimates:

    Earnings Whisper:
    $3.95
    Consensus: $3.86
    Revenue: $7.55 Bil

    Date & Time of ER:
    Tuesday
    Oct 18
    7:35 AM ET
     
  12. T0rm3nted

    T0rm3nted Moderator
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    Reported before open today (10/18/16)
    Earnings: EPS $4.88 Revenue $8.17B
    Estimates: EPS $3.79 Revenue $7.42B

    Up 2.15% today
     
  13. T0rm3nted

    T0rm3nted Moderator
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    Recent Insider Trading:

    Multiple insiders selling

    upload_2016-11-16_1-55-35.png upload_2016-11-16_1-55-55.png
     
  14. LloydWCoutee

    LloydWCoutee Active Member

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    as far as the banks, why chase here, soon or later they will come back down. Be patient and you will get your entry
     
    StockJock-e likes this.
  15. T0rm3nted

    T0rm3nted Moderator
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    While I agree with you in the long-term, it could make for a quick swing if interest rates are raised soon.
     
  16. StockJock-e

    StockJock-e Brew Master
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    Near those all time highs again, I would not be chasing it here

    [​IMG]
     
    T0rm3nted likes this.
  17. LloydWCoutee

    LloydWCoutee Active Member

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    how do we feel about this tomorrow? More dip or back on the up trend?
     
  18. T0rm3nted

    T0rm3nted Moderator
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    Recent Insider Trading:

    Multiple insiders selling

    upload_2016-11-19_14-43-20.png
    upload_2016-11-19_14-43-39.png
     
  19. T0rm3nted

    T0rm3nted Moderator
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    Upcoming dividend information:

    Ex-Div-Date
    : 11/29/16
    Payment Date: 12/29/16
    Dividend: $0.65
    Current Price: $210.35
    Annual Yield: 1.24%
     
  20. fidelgeorge

    fidelgeorge Well-Known Member

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    Upside may be limited from here but so far proved wrong many SS team.
    gs.png
     

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