Page 18 - Goldman Sachs

Morgan Stanley beats estimates on stronger-than-expected trading, M&A in Q1

Morgan Stanley earned $258 mn in revenue from its equity underwriting business, down sharply from $1.5 bn a year ago, when it generated handsome fees from a spate of high-profile IPOs

Goldman Sachs' Q1 profit beats on strength in wealth management, trading

The Wall Street bank has also been taking measures under CEO David Solomon to diversify its revenue stream and earn more from predictable sources like consumer banking, wealth and asset management

Ankiti Bose, CEO of Singapore's Zilingo, suspended amid probe into finances

Bose has disputed allegations of wrongdoing and contends her suspension was due in part to her complaints about harassment, according to two people close to the situation

Former Goldman Sachs banker convicted in plot to loot 1MDB fund

Jurors heard nearly two months of evidence about tens of millions of dollars in bribes and kickbacks allegedly orchestrated by Malaysian financier and fugitive socialite Low Taek Jho

Goldman Sachs cuts 2022 FPI flow projection to India by over 80% to $5 bn

Equity inflows over the last three years from 2019-2021, according to a note by BofA Securities, totaled over $40 billion, out of which nearly $14 billion has left in the first quarter of 2022

Goldman Sachs sees gold prices hitting $2,500/oz by year-end

Earlier in January, Goldman Sachs had raised their 12-month gold price forecast to $2150 an ounce on the view that an impending US growth slowdown would lead to increased concerns of a US recession

Goldman sees Fed Reserve hiking rates by 50 bps at May, June meetings

Goldman Sachs expects the US Federal Reserve to raise interest rates by 50 basis points each at its May and June meetings, following hawkish remarks by the central bank's chair Jerome Powell.

Goldman Sachs to offer over-the-counter crypto options trading

The bank traded a non-deliverable Bitcoin option, a derivative tied to Bitcoin's price that pays out in cash, it said in a statement

Banks weigh on Wall Street after new Russia sanctions; Dow falls 440 points

The S&P 500 fell 44.39 points, or 1.01%, to 4,340.26, the Nasdaq Composite slipped 81.87 points, or 0.60%, to 13,612.75

Regulators are probing block trading on Wall Street, but what is a block?

The New York Stock Exchange defines a block as at least 10,000 shares or a quantity of stock having a market value of $200,000 or more, whichever is less

Ex-Goldman Sachs banker testifies 1MDB scheme a 'house of cards'

A former top banker at Goldman Sachs testified that he and other corrupt executives at the firm built a house of cards that was doomed to fall to try to conceal an audacious scheme

Ex-Goldman partner to testify against former colleague in 1MDB trial

Roger Ng, Goldman's former head of investment banking in Malaysia, is charged with conspiring to launder money and to violate an anti-bribery law

Regulators probe block trading at Goldman, Morgan Stanley, others

Federal investigators have launched a probe into block trading at Wall Street hedge funds and banks including Morgan Stanley and Goldman Sachs Group

Now, Goldman expects 7 US Federal Reserve rate hikes in 2022

The bank sees a 25 basis-point hike in each of the remaining meetings this year

Paytm: Foreign brokerages divided on road ahead for the stock

While those at Goldman Sachs have upgraded the stock to buy with a target price of Rs 1,460, analysts at Macquarie maintain an underperform rating with a 12-month target price of Rs 700 on the counter

Goldman Sachs predicts Fed will raise rates five times this year

Bank of America Corp. now predicts seven rate hikes in 2022 and BNP Paribas SA forecasts six, while JPMorgan Chase & Co. and Deutsche Bank AG see five

Oil prices can hit $125 a barrel if Russia-Ukraine crisis worsens: Analysts

Though analysts believe diplomatic efforts will continue leading to a stabilisation and an eventual easing of these tensions, it may take several months for this to happen

Goldman Sachs' most elite rank to get millions in special payouts

The unusual payments to partners -- the roughly 400 executives who fill out the investment bank's highest rung -- will add millions of dollars to many compensation packages

Bitcoin could reach $100k if it replaces gold as store of value: Goldman

Goldman estimates that Bitcoin's float-adjusted market capitalization is just under $700 billion

Goldman Sachs asks employees in US to work from home until January 18

The United States is averaging more than 300,000 new cases a day for the first time in the pandemic