Is there a bank out there now who has not hired Goldman Sachs (GS) as an adviser?
Wachovia(WB) recently disclosed that it hired Goldman as an adviser to help is get out from it's huge portfolio of troubled loans. They join Royal Bank of Scotland(RBS) Washington Mutual (WM), National City (NCC) and State Street(STT) who turned to Goldman for advice and to raise money as conditions and loans portf
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Goldman Sachs ha remitido una nota a sus clientes en la que baja el precio objetivo de Santander, BBVA, Sabadell, Popular y Bankinter.
El precio objetivo de Banco Santander baja un -13,2%, hasta los 23,8 euros y pasa de de ‘comprar‘ a ‘neutral’, el precio de BBVA baja un -14,3%, hasta los 16,2 euros, Banco Sabadell [...]
Goldman Sachs has come out with some positive calls in the communications technology group, and one of the stocks has been given an upgrade. Specifically,...
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GS. 170 seems like the next obvious target but I like it all the way down to 160. I don't like entering any trade that isn't elbows-to-assholes against its trendline, as tempting as it is, so I will try to show some patience here. Hopefully we see some sort of one day bounce or short-covering rally back to GS 180. This is just one example of a good looking chart but a lot of things broke down o
Goldman Sachs has been negative on Sirius Satellite Radio Holdings Inc. (NASDAQ: SIRI) and on XM Satellite Radio Holdings inc. (NASDAQ: XMSR) on a basis that...
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We already noted how Goldman Sachs Group (NYSE: GS) has raised its average oil prices for the years ahead, but the firm has also raised its OIL SERVICES Sector...
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Goldman Sachs Group (NYSE: GS) has raised its Brent Crude average oil prices for the years ahead. The firm has increased its price forecasts to reflect a...
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The Associated Press June 17, 2008, 12:46PM ETFour major hurdles must be crossed before a broad recovery in the banking sector, and that might not occur for another six to nine months, according to a new research report from Goldman Sachs.The sector is only likely to rebound broadly when credit costs have stabilized, banks complete a process of recapitalization, consensus estimate ranges for earni
The U.S investment bank Goldman Sachs has issued a report to hail the State Bank of Vietnam’s decision on raising the basic interest rate to 14% from 12% June 11 and devaluing Viet Nam dong by 2%.
The move goes in right track to lower credit growth and curb inflation pressures, Goldman Sachs said.
The hiked interest...
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Goldman Sachs (GS) reported earnings that beat expectations, yet the stock completed a classic “Gap Fade” as I suspected it might. Let’s take a snapshot of today’s action so far.
The one-minute chart shows the gap-fade trade clearly, such that instead of BUYING when the earnings news was reported early this morning, your best trade would [...]
Goldman Sachs (GS) announed EPS of $4.58, higher than consensus expectations of $3.42. Revenue also beat coming in at $9.42 billion against Wall St.'s guess of...
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Financial giant Goldman Sachs (GS) reports earnings tomorrow, and while they’re expected to report lower profits, investors see a silver lining in the earning reports, and have been bidding the stock higher. What could happen tomorrow?
Let’s take a three-timeframe view of the stock before earnings, starting with the 15-minute chart, which reflects the ‘bid-up’ that [...]
Bloomberg
Banks led by Goldman Sachs Group Inc. plan to sell loans used in the leveraged buyout of Endemol NV, the Dutch television producer of ``Big Brother,'' for as little as 72.5 cents on the dollar, said four people with knowledge of the deal.
The lenders are offering 2.2 billion euros ($3.4 billion) of senior loans that financed the 2.6 billion-euro acquisition to investors, accordin
Goldman Sachs has made some changes to its highly watched "CONVICTION" lists this morning. Lorillard (NYSE: LO) and State Street (NYSE: STT) were both added to...
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First, it was legendary oilman Boone Pickens who uttered the obscenity. Now, Goldman Sachs and Morgan Stanley have joined in the chant. Reuters reported today that according to Jeffrey Currie, the global head of commodities research at Goldman Sachs, the price of crude oil is likely to reach $150 a barrel this summer [...]
KUALA LUMPUR (Reuters) - Oil prices are likely to hit $150 a barrel this summer season, the global head of commodities research at Goldman Sachs (NYSE:GS - News) said on Monday, as tighter supplies outweigh weakening demand. "I would suggest that the likelihood of that happening sooner has increased tremendously ... sometime in summer," Jeffrey Currie told an oil and gas conference in the Malaysia
Oil Price Superspike Coming Soon - Goldman Exec
Last Update: 6/9/2008 12:55:57 AM
KUALA LUMPUR (Dow Jones)–The global crude oil price “superspike” predicted
several years ago is coming sooner because of strong demand and low inventories,
a senior executive at Goldman Sachs (GS) said Monday.
“The market is going to climb higher and higher until someone (global consumers)
say
Due to slowing GDP growth in the West, especially in the US, and constant and rapid GDP growth in the BRIC nations, their portion of the global economy will be...
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Alltel may soon be acquired by Verizon Communications Inc. (NYSE: VZ), according to a breaking news report from CNBC's David Faber. Faber just noted that the...
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Viet Nam may speed up the pace of the dong's decline to prevent the currency from becoming ``excessively overvalued'' because of soaring inflation, according to Goldman Sachs Group Inc.
Deutsche Bank AG said the currency will weaken as much as 30% in the coming months, extending this year's 1.5% loss. Consumer prices have risen at the fastest pace in 16 years while the trade deficit has tripled
Vietnamese may shun domestic assets and buy dollars and gold, freezing up the domestic economy on concern that the government won't be able to rein in spiraling inflation, according to Goldman Sachs Group Inc.
Policy makers plan to keep the benchmark interest rate at 12% this month after two increases this year, the...
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Liberty Lane Acquisition Corp. was going to be the first real special purpose acquisition company, or SPAC or blank check company, from Goldman Sachs Group...
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The head of the Indonesian Investment Coordination Board still scratches his head over why more money isn't rushing into Southeast Asia's biggest economy. Why, he asks, do Brazil, Russia, India and China, the so-called BRICs, get more attention?``I was shocked a few years back to see that Indonesia was not a BRIC,'' Lutfi said on May 22 at a EuroMoney conference in Bali. ``It should be.''Lutfi's v
Goldman Sachs added Apple Inc to its Americas conviction buy list, stating that shares will most likely benefit from the launch of the company’s second-generation iPhone next month, and from higher projections of iPhone sales for the second half of the year.
Analyst David Bailey also raised his target on the stock to $220 from his [...]
Halliburton is looking to acquire drilling equipment maker Expro for $3.36 billion; however, now Candover Partners and Goldman Sachs have countered with a bid of their own for $3.4 billion. Although, the offer is only slightly higher then Halliburton's offer, it may strike a bidding war. Analysts speculate that Haliburton's offer holds more merit, as Haliburton is much more likely to keep the co
The infamous Goldman Sachs Conviction Buy List is reserved for only the most select companies. The tendency is for the list to be immediate buys to take advantage of catalysts that may be in store...
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Goldman Sachs has issued a research report noting that Sirius Satellite Radio (NASDAQ: SIRI) and XM Satellite Radio (NASDAQ: XMSR) are likely going to need to...
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Goldman Sachs (GS), king of the oil bulls, has raised its forecast for oil prices in the second half of this year to $141 from a previous estimate of $107. For...
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Goldman Sachs (NYSE: GS) has come out and updated its "oil super-spike" prices today. In fact, it ponders whether or not the super-spike end game has begun. We...
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Goldman Sachs is not immune to the large losses in the financial sector either. Sources indicate that the company has been quietly reducing its number of financial positions well above the previously announced 5 percent it stated last month. The company affirmed that its number of positions will drop temporarily in-line with current economic conditions.
Goldman Sachs acquired 8.16% stake in New Delhi Television (NDTV), last week, reports Business Lines.The global firm has acquired the stake when an open offer by the company is going to start shortly. It was scheduled to start on February 12 and close on Mar. 3, 2008 but has been delayed.At the end of last year, Prannoy Roy and his wife Radhika Roy, promoters of NDTV, announced an open offer to acquire 20% equity stake of the company for Rs 438.98 a share, worth Rs 5.50 billion.The open offer followed the promoters` acquisition of 7.73% stake from GA Global Investments in December. Prannoy Roy bought the stake of 4,836,000 shares from the PE Fund. This increased the stake of the promoters to 61% from 53.3% the company.Shares of NDTV declined Rs 4.25, or 1.01%, to end at Rs 416.5. The total
GameStop Corp. (NYSE: GME) has seen shares downgraded at Goldman Sachs this morning. The brokerage firm cut its already cautious Neutral rating down to a new...
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Product Description
Knowledge in a Social World offers a philosophy for the information age. Alvin Goldman explores new frontiers by creating a thoroughgoing social epistemology, moving beyond the traditional focus on solitary knowers. Against the tides of postmodernism and social constructionism Goldman defends
the integrity of truth and shows how to promote it by well-designed forms of social
Viet Nam's accelerating inflation poses a threat to the economy's expansion and may prompt the government to take tougher measures to contain consumer-price gains, according to Goldman Sachs Group Inc.
The Southeast Asian nation's inflation rate rose to 19.4% in March, the highest since 1995, amid surging food...
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This morning, Goldman Sachs has made a key call to its industrials sector. It is adding Lockheed Martin (NYSE: LMT) to its Industrials Favorite Value List....
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NEW YORK - GOLDMAN Sachs Group Chief Executive Lloyd Blankfein said on Thursday markets are probably in the late stages of the global credit crisis that began last summer, but he would not predict when it will end.'We're closer to the end than the beginning,' Mr Blankfein said at the bank's annual shareholder meeting. 'I think we're getting to that point where people are seeing the light at the end of the tunnel.' He estimated the markets are more than half way to recovery, but declined to forecast how long the crisis would persist.'Maybe we're at the end of the third quarter, beginning of the fourth quarter,' he said, though he cautioned that a recovery may still take a long time.'If you watch sports, sometimes there's a lot of timeouts in the fourth quarter. It takes longer to play than
Goldman Sachs has made a change in its oil services sector expectation this morning: It has raised Halliburton (NYSE: HAL) to Buy from Neutral and has raised...
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Nothing ever goes wrong at Goldman Sachs (NYSE: GS). Their uncanny ability to do well irratates thei competitors to the point of distraction. Due to the...
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Goldman Sachs has made some changes in coverage to its consumer products universe. The bulge bracket brokerage firm favors Avon Products, Inc. (NYSE: AVP) and...
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Goldman Sachs has issued a call on its asset manager universe, and says it's time to go on the offensive. Its rating on the group is now attractive. The bulge...
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LONDON (MarketWatch) — Goldman Sachs said it’s selectively upgraded financials,
notably brokers and asset managers, but is remaining cautious on regional banks,
mortgage and specialty finance and REITs. “We have reached an inflection for
stocks with little credit exposure, or where exposure is marked to market,” the
broker said. “We expect the problem to shift from brokers to regional [...]
In lieu of the recent predictions that the Prince made for future investment banking regulation, there are new developments that warrant his commentary. First, by and large, the predictions made by the Prince ended up being part of Paulson’s plan for more regulation of the financial services industry. The idea the Prince would most like to focus on here is the thought that regulators, which could be the Fed in the future, are going to demand more capital and lower leverage on investment bank’s balance sheets. The regulators are going to make these demands in light of the bailout of Bear Stearns and the perception that leverage combined with non liquid assets on an investment bank’s balance sheet could lead to another investment bank getting killed in the futur
ALCOA, Inc. (NYSE: AA) is seeing shares trade higher ahead of its earnings report after today's close. Goldman Sachs appears to be the initial reason as it has...
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Goldman Tops Global M&A Rankings, Citi Leads Europe - Thomson
Last Update: 3/27/2008 8:01:00 PM
LONDON (Dow Jones)–Goldman Sachs Group Inc. (GS) advised on the most merger and
acquisition deals worldwide in the first quarter of this year, according to data
released Friday from Thomson Financial.
The bank worked on 81 deals worth $231.5 billion, followed in the second and
third [...]
Last month, I wrote about about why Goldman Sachs being the only major investment bank not to get into the Special Purpose Acquisition Company was such a worrying trend (that link will also explain everything you want to know about SPACs). Guess they didn't want to dissapoint anybody, so it seems Goldman Sachs just filed for a $350 million blank-check IPO which promises to change the rules of the
Liberty Lane Acquisition Corp., another special purpose acquisition company, or SPAC, has filed to come public via an initial public offering of $350 million...
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Goldman Sachs is making an aggressive call on Electronic Arts, Inc. (NASDAQ: ERTS) in the video game sector this morning. The brokerage firm has added Goldman...
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It seems that Goldman Sachs is sticking by its negative call in Sirius Satellite Radio (NASDAQ: SIRI), except that the call went from cautious to very negative...
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Goldman Sachs is maintaining its Buy rating this morning on Companhia Vale do Rio Doce (NYSE: RIO), but the firm is adding the stock to its Americas Conviction...
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Company Long Name Holder's Name % Stake No of Shares Ansal Buildwell Ltd Lehman Brothres Asia Ltd 3.03 223436 Lakshmi Energy & Foods Ltd Lehman Brotherss Asia Ltd 2.01 229236 Lakshmi Energy & Foods Ltd Lehman Brotherss Asia Ltd 3.33 380774 Lakshmi Energy & Foods Ltd Lehman Brotherss Asia Ltd 3.33 1903870 Lakshmi Energy & Foods Ltd Lehman Brotherss Asia Ltd 3.99 2396154 Lakshmi Energy & Foods Ltd Lehman Brotherss Asia Ltd 4.19 2396154 Spice Communications Ltd Lehman Brothers Opportunity Ltd 1.33 9203339 Edelweiss Capital Ltd Lehman Brothers Netherlands Horions BV 1.8 1350000 Cranes Software International Ltd Lehman Brothers International Europe 2
Goldman Sachs Group Inc plans to shed up to 15 percent of its work force, from its capital markets division and related support staff, the New York Post said on Friday.Citing sources familiar with the matter, the Post said the the cuts are expected to come in the firm's capital markets division, which includes investment banking, debt and equity underwriting and merger advice.A Goldman representative could not be reached for immediate comment.The job losses would be in addition to cuts that Goldman announced in January, the paper said.In January, the company said it would cut five percent of its workforce, with details to be announced by March.Employees were first notified about the cuts on Monday, with most of them taking place by the end of March, the Post said. It said Goldman employs a
Goldman Sachs Group Inc's and Lehman Brothers Holdings Inc's credit rating outlooks were cut on Friday by Standard & Poor's, which said volatile markets could result in lower profit and revenue. S&P revised its outlook to "negative" from "stable" on Goldman's "AA-minus" and Lehman's "A-plus" long-term credit ratings, suggesting a possible downgrade in one to two years. The ratings are S&P's fourth- and fifth-highest investment grades, respectively. Lower credit ratings can result in higher borrowing costs. Goldman is the largest Wall Street investment bank by market value, and Lehman is the fourth-largest. Goldman did not immediately return calls seeking comment. Lehman spokeswoman Kerrie Cohen declined to comment. Banks have suffered from lower earnings
Standard & Poor lowered their rating for Goldman Sachs on Friday while the market was closed. S&P downgraded the company to "negative" from "stable" due to citing that the company will likely see a 20 to 30 percent reduction in income as the company is posed to deal with larger write-downs going forward.
NEW YORK — Goldman Sachs Group Inc. plans to shed up to 15% of its work force, from its capital markets division and related support staff, the New York Post said on Friday.
Citing sources familiar with the matter, the Post said the cuts are expected to come in the firm’s capital markets division, which includes [...]
After a week in which the market finally seemed to vote that big financial companies will be OK, S&P took the holiday to slam Goldman Sachs (NYSE:GS) and...
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Goldman Sachs is out with a call raising its steel company earnings targets after above expectation steel prices and tighter supplies that represent a physical...
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Unless the Fed Cut shocks markets to the downside, Goldman Sachs (GS) will post an incredible rally today. Yesterday, the stock traded as low as $140, and today, we’ve reached intraday highs of $171. Let’s look:
Earnings today beat estimates. Analysts expected a profit of $2.58 per share, but were surprised with reports [...]
US market seems to be in very jolly mood after getting better than expected earnings from two leading bankers.
>Goldman Sachs has reported profit after tax of USD 1.51 billion as against USD 3.2 billion, down 53%. Its Q1 net revenues stood at USD 8.34 billion. It has recorded net loss of USD 135 million on [...]
So, Goldman Sachs (GS) announced results today and it was bad news for the doomsayers.
The Results:
GS reported net income of $1.51 billion, or $3.23 a share, for the quarter ended Feb. 29, compared to $3.2 billion, or $6.67 a share last year. Revenue decreased 35% to $8.34 billion. Analysts estimates were for earnings of $2.58 a share on revenue of $7.47 billion.
Other numbers:
* Return on equity was 17%
* Trading and principal investments segment saw revenue decrease 46% because of credit...
Continued at Todd Sullivan's ValuePlays
Goldman Sachs (NYSE: GS) has just posted earnings, and while many metrics are lower than last year the results overall were well above estimates that had been...
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Goldman Sachs issued its first of a 3-part conference call covering the Canadian market, and it noted that the stimulation outlook is improving. Its preference...
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NEW YORK (Dow Jones)–Goldman Sachs, Wall Street’s most powerful investment bank, will this week announce asset writedowns worth about $3 billion, according to a report on the Telegraph.co.uk Web site Sunday.
The report, which did not cite sources, said the move would represent Goldman’s biggest jolt to date from the ongoing credit crisis.
The investment [...]
Shares in Goldman Sachs (NYSE GS): are only down about 12% over the last six months. That is about the same as the S&P. But, shares in peers Morgan Stanley...
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Goldman Sachs (NYSE: GS) will take a $3 billion write-down when its announces its quarterly results, according to the Telegraph. That will cut the firm's first...
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Goldman Sachs is panning the coal sector again this morning. It sees downside to coal stocks after a run since the start of 2008 as coal production will come...
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Goldmans Sachs issued a memo today stating that it expects the Federal Reserve to issue an emergency interest rate ahead of its March 18th policy meeting. Investors have been anticipating rate cuts as high as 1 percentage point at the meeting in order to fend off issues in the credit market.
Goldman Sachs says that several factors could cause oil to spike to $200. "As the lack of supply growth and price-insulated non-OECD demand suggest a future...
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The Goldman Sachs investment bank, which has real estate investment worth $23.7 billion worldwide, will begin investing in the Russian real estate market. The bank is in the process of forming a $4-billion fund for real estate investments in the BRIC countries (Brazil, Russia, India and China). Almost half of the money will go to Russia and, of that portion, two-thirds will be invested in Moscow and the remainder in St. Petersburg and other cities with populations over 1 million.
Celebrating Israel’s 60 years of independence Taipei Fine Arts museum is showing the works of Israeli Paul Goldman, a somewhat unknown name who’s behind some great - even historical - Israeli photography (link). Exhibition will run from 11th of March to 22th of June. Here’s a bit about that (thanks V for the translation):
[...]
The Goldman Sachs Global Leaders Program (GSGLP) was established by the Goldman Sachs Foundation in 2001. The Goldman Sachs Global Leaders Program is administered by the Institute of International Education (IIE) in partnership with educational organizations in selected countries, conducts an annual international competition at over 90 top-ranked universities in 19 countries.
The competition
Overview:
Visa, a leading provider of credit and debit cards, plans to raise up to $10 billion in the second largest IPO in United States history. The San Francisco-based company processes more than half of all credit card transactions in the United States and has a strong global brand. Visa plans to be listed under the [...]
Tushar Poddar, Asia Economics Research, Goldman Sachs in an interview to CNBC-TV18 said that overall inflationary pressures in India may be contained. He expects aggregate demand growth to moderate and sees inflation in the band of 4-4.5% in 2008. He believes appreciation of rupee will take sting out of inflation. He said a 10% hike in fuel price will boost inflation by 0.6% over 12 months.
He
(BERLIN) The United States economy is unlikely to slip into recession, Abby Joseph Cohen, chief investment strategist at Goldman Sachs, said in remarks published yesterday.
'That does...
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Goldman Sachs lowered its estimates in the ethanol alternative energy patch this morning. This estimate cut is after the Energy Bill has higher CAFE standards...
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Not everyone in the financial sector has been taking a beating. This morning, Goldman Sachs easily beat Wall Streets expectations of a profit of $6.87 per share on revenue of $10.16 billion when they announced that profits after paying preferred dividends rose to $3.17 billion, or $7.01 per share and revenue of $10.74 billion.
They were able to easily beat expectations because they have successfully sidestepped the mortgage losses that hit everyone else.
"Inherent in our commitment to our clients is the need to help them execute their
Ah, China. A place where your best friend can compete with you on a day's notice. Especially if you are not a card carrying member of the communist party....
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Earlier today, Goldman Sachs economists announced that they expect the U.S. Federal Open Market Committee to cut interest rates to 3% from the current rate, which stands at 4.5%. According to Bloomberg, Goldman is predicting interest rates will bottom out at 3% in the next 6 to 9 months because “the worsening housing downturn has pushed the risk of a U.S. recession in 2008 to 40%-45%, from around 30% previously.” The new target replaces an earlier forecast of 4% by the New York City-based global investment bank.
In addition, Goldman Sachs is forecasting that the unemployment rate is likely to rise from the current rate of 4.7% to 5.5% by the end of 2008. According to Reuters today, Goldman predicts that U.S. gross domestic product growth will be “well below trend” for an extended period of time, even without an outright contraction.
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Losses related to record U.S. home foreclosures using a ``back-of-the-envelope'' calculation may be as high as $400 billion for financial companies, Jan...
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Last month I speculated "Goldman is still short the CDO markets and if they are, that means they are still profiting handsomely from it." Goldman Sachs (GS) affirmed that speculation today.
CEO Lloyd Blankfein said Tuesday that the firm maintains a short position in the subprime mortgage market and will not be taking any significant charges to write off losses on its position. He also said that the firm remains bearish on the mortgage backed securities market and that new accounting rules...
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Analysts are beginning to talk about how large the write-downs may be at financial institutions...
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