The Clorox Company (NYSE:CLX) Goldman Sachs Global Staples Forum May 14, 2024 8:15 AM ET Company Participants Linda Rendle – Chief Executive Officer Conference Call Participants Bonnie Herzog – Goldman Sachs Bonnie Herzog Good morning, everyone. Thank you all for joining us today. I’m Bonnie Herzog, Senior Consumer Staples Analyst at Goldman Sachs and I’m…
Dan Totilca Just getting around to finishing the review of the financial sector names that are followed, going through Goldman Sachs (NYSE:GS) numbers today finds the stock reasonably valued as it’s preparing to trade above its August ’21 all-time-high of $420. Goldman is not the same Goldman that investors knew in the late 1990s (GS…
Dan Totilca Investment Thesis I believe post Q1 report, Goldman Sachs (NYSE:GS) has reoriented their corporate strategy once again emphasizing investment banking, and sales & trading, the places that the bank built its reputation. This is reflected in the bank’s substantial earnings beat for Q1 2024, with earnings per share coming in at $11.58, and…
Michael M. Santiago Thesis My last article, published in Oct. 2023, argued for a BUY thesis on Goldman Sachs Group (NYSE:GS) when it was trading near its tangible book value at that time. As argued in our article: Buying good banks such as GS at (or near) their tangible book value (“TBV”) is a no-brainer…
Michael M. Santiago A new theme has emerged in the fourth quarter for investors in business development companies: Credit quality. A number of BDCs have disappointed here lately, including Oaktree Specialty Lending Corp. (OCSL) and FS KKR Capital (FSK) whose reports caused a good amount of value destruction for shareholders. Goldman Sachs BDC (NYSE:GSBD) just…
Pgiam/iStock via Getty Images It’s time for an update on The Goldman Sachs Group, Inc.’s (NYSE:GS) stock. Our latest coverage of Goldman’s stock was before it released its third-quarter earnings, wherein we also stated the stock had a fair value of around $301. Since then, the stock has nearly reached the $400 level. Moreover, Goldman…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Goldman Sachs’ Jim Esposito, one of chief executive David Solomon’s top lieutenants, is leaving the Wall Street firm in a surprise departure. Solomon told staff in a memo on Monday that 56-year-old Esposito, known to…
Michael M. Santiago Two days ago, Goldman Sachs Group (NYSE:GS) submitted better-than-expected results for the fourth quarter in terms of both revenues and earnings. The investment bank saw a more than 50% jump in net earnings in the fourth-quarter, largely due to a strong performance of its asset and wealth management business which has delivered…
ryasick Goldman Sachs BDC (NYSE:GSBD) runs a first-lien strategy and is an interesting BDC for investors for income, yield and growth. The BDC’s shares are currently trading at a small premium to net asset value, but have traded at a higher premium in the past. I like Goldman Sachs BDC’s first-lien strategy and although the…
Merck & Co., Inc. (NYSE:MRK) Goldman Sachs Healthcare C-Suite Unscripted Conference January 4, 2024 ET Company Participants Peter Dannenbaum – Head, IR Rob Davis – CEO Conference Call Participants Chris Shibutani – Goldman Sachs Chris Shibutani I suspect that people are going to be strolling in, but I don’t like to penalize people who are…
Financial giant Goldman Sachs is in advanced discussions to secure a pivotal role as an authorized participant (AP) for the proposed spot Bitcoin Exchange-Traded Funds (ETF) from BlackRock and Grayscale Investments, CoinDesk reported. According to insider sources, Goldman Sachs is positioning itself to play a significant role in the creation and redemption of shares for the…
Nikada Goldman Sachs BDC (NYSE:GSBD) is a relatively large-scale BDC, which as of December 2023 ranks as the tenth largest BDC vehicle in terms of the market cap. GSBD invests primarily in US mid-cap companies (just as most BDCs), with an EBITDA generation of between $5 million and $75 million. The EBITDA range for this…
Michael M. Santiago Stock Snapshot In today’s note, I’ll be revisiting Goldman Sachs Group (NYSE:GS) again since my September rating when I gave it a buy. Since my buy rating, the share price has gone up +16%: GS – price since last rating (Seeking Alpha) For readers who don’t follow this company much, here are…
According to a recent report from Goldman Sachs, 2023 saw significant institutional support for the crypto industry, especially for derivatives trading. For as long as the crypto industry has existed, it has pursued institutional support. Considering the fact that the crypto industry operated on the fringes of the mainstream financial world for so many years,…
Goldman believes that the Fed could begin rate cuts from the first quarter of next year as inflation hopefully falls. Financial services giant Goldman Sachs Group Inc (NYSE: GS) has revised its call for Fed interest rate cuts for 2024. According to a report, the banking and investment management company has added a possible rate cut in Q1…
Goldman Sachs brought forward its forecasts for the Fed’s interest rate cut to Q3 2024 from Q4. Goldman Sachs, a world-known investment banking company, revealed its forecasts for the Fed’s interest rate cut. The investment giant believes that it will take place in Q3 2024 while previously it forecasted that it would happen in Q4…
U.S. Bancorp (NYSE:USB) Goldman Sachs 2023 US Financial Services Conference December 6, 2023 10:40 AM ET Company Participants Andrew Cecere – Chairman, President & CEO John Stern – CFO Conference Call Participants Richard Ramsden – Goldman Sachs Richard Ramsden We’re going to get started in one minute. Okay. So we will — we’re going to…
The Goldman Sachs Group, Inc. (NYSE:GS) Goldman Sachs 2023 US Financial Services Conference December 5, 2023 10:00 AM ET Company Participants Denis Coleman – CFO Conference Call Participants Richard Ramsden – Goldman Sachs Richard Ramsden Okay. So up next, we have Denis Coleman, who is CFO of Goldman Sachs. Denis has been with firm since…
acilo JPMorgan’s two covered calls funds JPMorgan Equity Premium Income ETF (JEPI) and JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) became two of the biggest covered call funds in the market with combined AUMs of almost $40 billion. It was only a matter of time before Goldman Sachs (GS) would join the game with its…
According to Goldman Sachs, the spike in AI stocks is here to stay, and reflects the beginning of a new tech wave, not a bubble. Global investment banking and financial services firm Goldman Sachs (NYSE: GS) has stated that the current explosion in artificial intelligence (AI) adoption is not a bubble. Despite worries that the spike in…
Palo Alto Networks, Inc. (NASDAQ:PANW) Goldman Sachs 2023 Communacopia & Technology Conference September 7, 2023 6:45 PM ET Company Participants Nikesh Arora – CEO Conference Call Participants Gabriela Borges – Goldman Sachs Gabriela Borges Good afternoon. And thank you for joining us at the Palo Alto Networks keynote at the Goldman Sachs Communacopia & Technology…
PayPal Holdings, Inc. (NASDAQ:PYPL) Goldman Sachs Communacopia & Technology Conference Call September 7, 2023 4:00 PM ET Company Participants Dan Schulman – President & CEO Conference Call Participants David Solomon – Goldman Sachs David Solomon So good afternoon, everybody, and welcome, Dan. Welcome. I’m thrilled to have Dan here. I don’t think needs a big…
SoFi Technologies, Inc. (NASDAQ:SOFI) Goldman Sachs Communacopia + Technology Conference Transcript September 6, 2023 4:05 PM ET Executives Anthony Noto – Chief Executive Officer Analysts Mike Ng – Goldman Sachs Mike Ng How are you doing? Anthony Noto Good. You? Mike Ng Good. Excellent. Well, we will go ahead and get started. Welcome to the…
MongoDB, Inc. (NASDAQ:MDB) Goldman Sachs Communacopia & Technology Conference Call September 6, 2023 11:50 AM ET Company Participants Dev Ittycheria – President and Chief Executive Officer Michael Gordon – Chief Operating Officer and Chief Financial Officer Unidentified Analyst Alright. Good morning, everybody. Is my mic turned on. Okay. Now it’s turned on. Good morning, everybody….
American Tower Corporation (NYSE:AMT) Goldman Sachs 2023 Communacopia + Technology Conference September 7, 2023 12:30 PM ET Company Participants Rod Smith – CFO Conference Call Participants Brett Feldman – Goldman Sachs Brett Feldman All right. If everyone could please take their seats, we are going to go ahead and get started here with our next…
Texas Instruments Incorporated (NASDAQ:TXN) Goldman Sachs Communacopia & Technology Conference Call September 6, 2023 11:10 AM ET Company Participants Haviv Ilan – President & Chief Executive Officer Conference Call Participants Christopher Danely – Citi Christopher Danely Thanks for coming, everyone. I’m just adjusting all my AV up here. Thankfully, not my attitude. I’m Chris Danely,…
Mastercard Incorporated (NYSE:MA) Goldman Sachs Communacopia & Technology Conference September 5, 2023 5:25 PM ET Company Participants Michael Miebach – Chief Executive Officer Conference Call Participants William Nance – Goldman Sachs William Nance All right. I think we will get started here. Thanks everyone for joining us. My name is Will Nance, I cover payments…
Intel Corporation (NASDAQ:INTC) Goldman Sachs Communacopia & Technology Conference Call September 5, 2023 2:30 PM ET Company Participants Stuart Pann – Senior Vice President and General Manager of Intel Foundry Services Conference Call Participants Toshiya Hari – Goldman Sachs Group, Inc. Toshiya Hari Okay. Great. We would like to get started. If you could kindly…
SAP SE (NYSE:SAP) Goldman Sachs 2023 Communacopia & Technology Conference September 5, 2023 1:50 PM ET Company Participants Scott Russell – Head of Customer Success Conference Call Participants Mohammed Moawalla – Goldman Sachs Mohammed Moawalla Good morning, everyone. Again, we are delighted to have with us SAP at the conference today, Representing the company is…
Zoom Video Communications, Inc. (NASDAQ:ZM) Goldman Sachs 2023 Communacopia & Technology Conference September 5, 2023 1:50 PM ET Company Participants Eric Yuan – Founder & CEO Conference Call Participants Kasthuri Rangan – Goldman Sachs Kasthuri Rangan Eric’s contribution to the world cannot possibly be exaggerated. We all know what you’ve created. I mean truly changed…
eBay Inc. (NASDAQ:EBAY) Goldman Sachs Communacopia & Technology Conference 2023 Call September 5, 2023 1:10 PM ET Company Participants Jamie Iannone – Chief Executive Officer Steve Priest – Chief Financial Officer Conference Call Participants Eric Sheridan – Goldman Sachs Eric Sheridan Right up on time. We’re going to start with the next session. So, for…
Visa Inc. (NYSE:V) Goldman Sachs 2023 Communacopia & Technology Conference September 5, 2023 12:30 PM ET Company Participants Ryan McInerney – Chief Executive Officer Conference Call Participants Will Nance – Goldman Sachs Will Nance All right, guys, I guess we’ll kick it off now. I’m Will Nance. I cover payments here at Goldman Sachs. And…
Matteo Colombo Goldman Sachs (NYSE:GS) has missed its earnings estimates putting downward pressure on its stock. While it doesn’t happen often, in the past two years the company has missed 3 times and beat by 5 times. The company had EPS of $3.08 in Q2 2023 much less than the consensus estimate of $4.04 and…
Michael M. Santiago Goldman Sachs BDC (NYSE:GSBD) continues to make an extremely compelling value proposition for passive income investors when taking into account the BDC’s defensive portfolio positioning, high dividend coverage ratio, and solid credit/portfolio performance. Though the BDC’s portfolio growth has slowed in light of softer demand for new loan origination in a high-interest…
Michael M. Santiago Goldman Sachs (NYSE:GS) stock has underperformed the S&P 500 (SPX) (SPY) since my previous update in April 2023. The recent volatility in GS as it topped out in July (post-Q2 earnings) saw sellers digesting most of its July gains. However, GS maintained its consolidation above the critical low $300s zone, suggesting robust…
Michael M. Santiago/Getty Images News Research Brief In today’s analysis, I will be covering Goldman Sachs (GS), which is in the financials sector, and investment banking /brokerage subsector. Since my last rating in May where I rated it a buy, the share price climbed 0.38%. Goldman Sachs – performance since last rating (Seeking Alpha) The…
Goldman Sachs has endured from losses from trying to cater to the broader market and is now looking to sell its investment advisor. Leading global investment banking and financial services company Goldman Sachs (NYSE: GS) is considering selling its investment advisory business. According to a Financial Times report, Goldman is “currently evaluating alternatives” for the company, which…
Michael M. Santiago Goldman Sachs (NYSE:GS) is a New York-based investment banking and financial services company. In the past quarter, Goldman Sachs has achieved net revenues of $10.90bn, alongside net earnings of $1.22bn ultimately supported by a YTD ROE of 7.8%. Goldman Sachs Q2’23 Presentation The investment bank has achieved these financial results through its…
Receive free Goldman Sachs Group updates We’ll send you a myFT Daily Digest email rounding up the latest Goldman Sachs Group news every morning. Goldman Sachs executive Julian Salisbury is leaving the bank to join Sixth Street Partners, a blow to chief executive David Solomon’s efforts to build up its asset and wealth management division. …