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Goldman Sachs Group, Inc. $GS 50D still giving it fits, but holding the 8D
By: Options Mike | September 4, 2023
• $GS 50D still giving it fits, but holding the 8D.
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GS SLUDGE $319.95 -2.38 (-0.74%) ... STILL DRIPPING!!!!!!!!
Goldman Sachs $GS currently sitting at +12 months of trendzone support with an empty void below...
By: TrendSpider | August 22, 2023
• $GS Goldman Sachs currently sitting at +12 months of trendzone support with an empty void below...
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GS $322.06 -2.87 (-0.88%) ... VOMIT!!!!!!!!
GS $324.95 -2.57 (-0.78%) ...SWIRLING!!!!!
GS $327.52 -1.59 (-0.48%) ... DOWN AGAIN!!!!
$329.08 -3.13 (-0.94%) ... GS TURD SLIDING DOWN THE SEWER!!!!!!!!!
Goldman Sachs $GS Larger Size ~ 900K shares at $331.50 #darkpool print
By: FLOWrensics | August 16, 2023
• $GS Larger size #darkpool print ~ 900K shares at $331.50
Smaller notional opening flow into 08/25 $332.50 & $335 CALLS.
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GS $332.10 -5.64 (-1.67%) WALL STREET PIG SLOB GLUTTON SWINE PUKING HARD!!!!!!!!!!!
Goldman Sachs Group, Inc. $GS had been stronger, but now back jus under the 200D. Rough week for this one, 50D just below now
By: Options Mike | August 13, 2023
• $GS had been stronger, but now back jus under the 200D.
Rough week for this one, 50D just below now.
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ONCE AGAIN BLOATED WALL STREET SWINE ATE TOO MUCH TODAY!!!!!!!!!!!!
GS $345.385 -10.175 (-2.86%) ... PIG SLOB BANKSTER SWINE GETTING CRUSHED UNDER THEIR OWN BLOATED DEBT!!!!!!!!!
Goldman Sachs $GS set to print an inside day with price flagging above the 200 SMA on declining volume...
By: TrendSpider | August 7, 2023
• $GS Goldman Sachs set to print an inside day with price flagging above the 200 SMA on declining volume...
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Goldman Sachs Group, Inc. $GS still holding the 8D.. very strong, holding up the $DIA. 360 break on watch, 21D if we yank more
By: Options Mike | August 6, 2023
• $GS still holding the 8D.. very strong, holding up the $DIA. 360 break on watch, 21D if we yank more.
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Goldman Sachs connected to Singham. NY Times identifies Neville Roy Singham at center of Pro-China worldwide propaganda operation, without his registering as a foreign agent, a crime. Ask how the times figured this out before the FBI or related law enforcement did and that tells you all you need to know about the treasonous US bureaucracy and corporations loyal to China and Communism, complete sell outs to foreign totalitarians increasingly in control of U.S. policy and national security:
“Just last month, Mr. Singham attended a Chinese Communist Party propaganda forum. In a photo, taken during a breakout session on how to promote the party abroad, Mr. Singham is seen jotting in a notebook adorned with a red hammer and sickle.
The post A Global Web of Chinese Propaganda Leads to a U.S. Tech Mogul appeared first on New York Times.”
https://dnyuz.com/2023/08/05/a-global-web-of-chinese-propaganda-leads-to-a-u-s-tech-mogul/
THE SAVAGE HORDS ARE CLOSING IN ON WALL STREET!!!!!!!!!!
BANKSTER SWINE HAVE BROUGHT ALL OF THIS UPON THEMSELVES!!!!!!!!!
GS TURD SWIRLING $351.00 -6.72 (-1.88%)!!!!!!!
FITCH JUST DOWNGRADED US DEBT.... ITS ***JUNK***!!!!!!!
WORTHLESS TOILET PAPER SMEARED WITH WALL STREET'S AND THE FED'S MALFEASANCE!!!!!!!!
BLOATED BANKSTER SLOBS EXPLODING WITH EXCESS AND NOWHERE TO RELIEVE THEMSELVES!!!!!!!!!!!
GS ROLL OVER VERY SOON!!!!!!
Goldman Sachs Group, Inc. $GS So strong didn't' even get to the 8D! 360 next level to break, watch the 8D if we pull
By: Options Mike | July 30, 2023
• $GS So strong didn't' even get to the 8D!
360 next level to break, watch the 8D if we pull.
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WALL STREET PIG SLOB BANKSTER SWINE GLUTTONS HAVING TROUBLE HOLDING IT ALL IN!!!!!!!!!
GS IS SWIRLING!!!!!!!!!!!!
MENTAL ILLNESS AFTER GS REPORTED 58% DECLINE IN EARNINGS!!!!!!!
Goldman Sachs Group, Inc. $GS Huge move off not a great report. Telling. 355 resistance and hot, I prefer to try dips, 8D 13 handles behind it here!!!
By: Options Mike | July 23, 2023
• $GS Huge move off not a great report. Telling. 355 resistance and hot, I prefer to try dips, 8D 13 handles behind it here!!!
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TOTAL MANIPULATED ***FRAUD*** AFTER REPORTING 58% LOWER EARNINGS!!!!!!
FILTHY WALL STREET SWINE ROLLING IN THEIR OWN FECES!!!!!!!!!!!
Goldman Sachs $GS Wednesday's balloon raindrop above resistance was a great indication that buyers were support this wedge breakout!
By: TrendSpider | July 21, 2023
• $GS Wednesday's balloon raindrop above resistance was a great indication that buyers were support this wedge breakout!
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SHORT THIS INSANE BLOW OFF PUMP JOB BY FILTHY WALL STREET BANKSER SWINE!!!!!!!!
THIS STINKING POS HAS 58% ***LOWER*** PROFITS YET THESE WEIRDO FREAKS STILL PUMP IT!!!!!!
WHAT A JOKE!!!!!!!
LMAO!!!!!!!!!
Goldman Sachs $GS Call writing coming in to the 10/20 $360 CALLS at the BID ~ just over $3 mil premium
By: FLOWrensics | July 20, 2023
• $GS Call writing coming in to the 10/20 $360 CALLS at the BID ~ just over $3 mil premium.
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FILTHY WALL STREET SWINE PUMPING THIS STEAMING MESS UP AFTER REPORTING PROFITS ARE DOWN 58%!!!!!!!!!!!
SHORT THIS DISGSUTING TURD!!!!!!!!!
Goldman Sachs Group (GS) shares rise on outlook
By: Investing.com | July 19, 2023
NEW YORK (Reuters) -Goldman Sachs' profit dropped 60% in the second quarter, missing estimates, as writedowns on the investment bank's consumer businesses and real estate investments weighed on earnings.
But shares rose almost 2% as CEO David Solomon cited signs of a recovery in investment banking. The results were the worst for the Wall Street giant since the second quarter of 2020, when it took writedowns over a corruption scandal linked to Malaysian state fund 1MDB.
The economic environment "definitely feels better over the course of the last six to eight weeks," Solomon told analysts on a conference call. "The inflation data's been better, the client sentiment is better, and now we'll have to watch and see."
He cited activity picking up in equity capital markets and a revival of client discussions on mergers and acquisitions.
Goldman took $1.4 billion in writedowns in the second quarter tied to its GreenSky fintech business, which facilitates home improvement loans to consumers and real estate investments. It also booked credit losses related to its consumer loans and credit card business.
"This moment in the economic cycle creates meaningful headwinds for Goldman Sachs (NYSE:GS)," Solomon said. "We are making tough decisions that are driving the strategic evolution of the firm. Given both these factors, it should come as no surprise that we're going to a period of lower results."
Earnings fell 60% to $3.08 per share for the three months ended June 30, compared with $7.73 per share a year earlier, the bank reported on Wednesday. Analysts had expected a profit of $3.18 per share, according to Refinitiv data.
"The bar was relatively low heading into the quarter," wrote Citigroup (NYSE:C) analyst Keith Horowitz. "When we compare the results against our estimates, we find that core trends were generally positive," helped by equities financing and investment banking.
Net earnings dropped 62% to $1.07 billion in the second quarter versus $2.79 billion a year earlier.
Goldman agreed to acquire GreenSky for $2.2 billion in 2021 and later closed the deal at $1.7 billion.
Goldman's Marcus unit was also folded into its merged asset and wealth management arm last year, as the investment bank began pulling back from retail banking.
The sale of "substantially all of the remaining" Marcus loans portfolio also resulted in a gain of $100 million for Goldman.
"The goodwill impairment related to GreenSky, although small, highlights the firm's difficulties in executing its diversification strategy at exactly the moment that its core businesses face headwinds," said Mark Narron, a senior director at Fitch Ratings.
Revenue from Goldman's asset and wealth management operations fell 4% compared with last year, hurt by losses from real estate investments, although the unit recorded record fees and assets under supervision.
The bank plans to sell some of its commercial real estate-related investments in three to five years.
The results contrast with major Wall Street rivals whose earnings beat expectations, including JPMorgan Chase (NYSE:JPM) and Morgan Stanley (NYSE:MS) . Executives cited a resilient economy, but cautioned that high borrowing costs will begin to weigh on loan demand later this year.
Goldman's investment banking fees for the quarter fell 20% to $1.43 billion. Trading revenue for fixed income, currency and commodities fell 26%, while equities rose 1%.
The Federal Reserve's aggressive interest-rate increases to tame inflation have prompted executives to predict a slowdown in the second half of the year.
The uncertain outlook has weighed on mergers and acquisitions, while a flurry of initial public offerings have stoked some optimism about a nascent recovery.
On Tuesday, Goldman's peer Morgan Stanley said its investment banking revenue was in line with last year, but the trading business had weakened.
Analysts are optimistic that an ongoing recovery in stock markets will encourage dealmaking and prompt more IPO hopefuls to list their shares in the coming months.
However, uncertainty about the trajectory of the economy continues to be a hurdle with global mergers and acquisitions activity falling 36% from last year in the second quarter.
Goldman Sachs has laid off thousands of employees to curb costs and soften the hit from a dealmaking slump. More employees can expect to be laid off this year if revenue does not bounce back, a source previously told Reuters.
The bank's headcount fell 2% from the first quarter to 44,600.
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Goldman Sachs' $GS Q2 dividend each year since 2006
By: Savvy Trader | July 19, 2023
• Goldman Sachs' $GS Q2 dividend each year since 2006
2006: $0.35
2007: $0.35
2008: $0.35
2009: $0.35
2010: $0.35
2011: $0.35
2012: $0.46
2013: $0.50
2014: $0.55
2015: $0.65
2016: $0.65
2017: $0.75
2018: $0.80
2019: $1.25
2020: $1.25
2021: $2.00
2022: $2.50
2023: $2.75
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Goldman's second-quarter profit plunges on GreenSky, real estate impairments
By: Investing.com | July 19, 2023
(Reuters) -Goldman Sachs Group's second-quarter profit fell more than 60% as a retreat from consumer businesses and declining investment values took a toll on the Wall Street giant.
The bank took a writedown of $504 million tied to its GreenSky business and $485 million related to its consolidated real estate investments.
It reported on Wednesday a profit of $1.07 billion, or $3.08 per share, for the quarter ended June 30, compared to $2.79 billion, or $7.73 per share, a year earlier.
Greensky (NASDAQ:GSKY), which facilitates home improvement loans to consumers, was acquired by Goldman in September 2021 in a $2.24 billion stock deal, which closed a year ago.
CEO David Solomon told analysts in April that GreenSky is a "good business" but the bank might not be the "best long-term holder of this business" given its strategic priorities.
Goldman's asset and wealth management unit brought in 4% lower revenue compared to last year, hurt by losses from real estate investments.
The bank's report rounds out a strong quarter for big U.S. banks, which pointed to a resilient economy but offered further evidence that high borrowing costs will begin to weigh on loan demand later this year.
Investment banking fees for the quarter fell 20% to $1.43 billion. Trading revenue for fixed income, currency and commodities fell 26%, while equities trading revenue was broadly unchanged.
Ten straight rate hikes by the Federal Reserve have left the economy on a shaky ground, with many executives predicting a slowdown in the second half of the year.
That has prevented the market for mergers and acquisitions from roaring back to life even as it has begun to show some signs of recovery.
On Tuesday, Goldman's peer Morgan Stanley (NYSE:MS) said its investment banking revenue was in line with last year, but the trading business had weakened.
Analysts are optimistic that an ongoing recovery in stock markets will encourage dealmaking and prompt more IPO hopefuls to list their shares in the coming months.
However, uncertainty about the trajectory of the economy continues to be a hurdle with global mergers and acquisitions activity falling 36% from last year in the second quarter.
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Goldman Sachs $GS reports earnings tomorrow before the markets open, Wall ST is expecting numbers of
By: Evan | July 18, 2023
• Goldman Sachs $GS reports earnings tomorrow before the markets open, Wall ST is expecting numbers of
EPS of $4.04 down from $7.73 in Q2 2022
Revenue of $10.73B down 9.5% YoY
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Earnings Preview: Goldman Sachs Group Inc. (NYSE: GS)
By: 24/7 Wall St. | July 17, 2023
• Before U.S. markets open on Wednesday, these five companies are on tap to report quarterly results.
Goldman Sachs
Goldman Sachs Group Inc. (NYSE: GS) is not expected to have much good news to reveal in its second-quarter earnings report. The sharp drop in mergers and acquisitions hits Goldman’s investment banking business especially hard, and trading revenue likely will be lower than in the first quarter as well. Add to that writedowns for acquisitions and real estate loan losses, and the forecast weakens even more.
About the best the bank will be able to do is manufacture a bitter pill that includes all the bad news and declare that it is all in the rearview mirror and the future is so bright you gotta wear shares.
Of the 25 analysts covering the stock, 16 have a rating of Buy or Strong Buy and eight more have Hold ratings. At a share price of around $326.00, the upside potential based on a median price target of $380.00 is 16.6%. At the high price target of $450.00, the implied upside is 38%.
Second-quarter revenue is forecast to come in at $110.73 billion, down 12.2% sequentially and a drop of 9.5% year over year. Adjusted EPS are forecast at $4.04, down 54.2% sequentially and 47.7% lower year over year. Estimates for the 2023 fiscal year call for revenue of $46.14 billion, down 2.6%, and EPS of $27.48, down 8.6%.
The stock trades at 11.9 times expected 2023 EPS, 8.9 times estimated 2024 earnings of $36.51 and 8.0 times estimated 2025 earnings of $40.93 per share. The 52-week trading range is $285.15 to $389.58. Goldman Sachs pays an annual dividend of $10.00 (yield of 3.07%). Total shareholder return for the past 12 months was 19.22%.
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Options Traders Bullish on Goldman Sachs Group (GS) Stock Before Earnings
By: Schaeffer's Investment Research | July 13, 2023
• Goldman Sachs stock doesn't have the best post-earnings track record, though
• Shares have failed to conquer $350 twice this year
Goldman Sachs Group Inc (NYSE:GS) is among the bank names that will announce second-quarter earnings next week, with its report slated for release before the open on Wednesday, July 19. The security is down 4.5% in 2023, and has tested a floor near the $310 area after two failed attempts to conquer the $350 level in May and July. Shares were last seen up 0.4% at $327.73, and still sport a 13% year-over-year lead.
The bank stock has a lackluster post-earnings track record, finishing five of its last eight next-day sessions lower, including a 6.4% dip in January. GS averaged a move of 3.1% over the past two years, regardless of direction, but this time the options pits are pricing in a bigger-than-usual move of 4.4%.
Short sellers have piled on the security, with short interest up 10% over the last two reporting periods. The 170.90 million shares sold short now make up 8.9% of the equity's available float, which would take shorts nearly a week to cover, at its average pace of daily trading.
The options pits are firmly bullish, however. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the stock's 50-day call/put volume ratio of 3.16 ranks higher than all readings from the past year.
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Today Goldman Sachs Group (GS) is the best performer in the DJIA
By: Thom Hartle | June 29, 2023
• Today (8:33 CST), the best performer in the DJIA is Goldman Sachs Group. GS
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Goldman $GS gets an 8/21 EMA cross to the downside after bears flip the script in the ~$340 zone.
By: TrendSpider | June 25, 2023
• $GS Goldman gets an 8/21 EMA cross to the downside after bears flip the script in the ~$340 zone.
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Goldman Sachs faces big writedown on GreenSky deal - CNBC
By: Investing.com | June 23, 2023
(Reuters) - Goldman Sachs (NYSE:GS) is likely to take a large writedown for its $2.2 billion acquisition of fintech lender GreenSky after seeking to divest the business it bought in 2021, CNBC reported on Friday, citing people with knowledge of the sale process.
One bidder said GreenSky's loan origination platform is worth roughly $300 million, while another said it was worth closer to $500 million, according to the report.
CNBC added the bids for the platform, which facilitates home improvement loans to consumers, were coming in well below Goldman's expectations.
Shares of Goldman were down about 1.4% in mid-morning trading.
"We're pleased with the participation by bidders, we're in the middle of the process and we'll learn more as we go forward," a Goldman spokesperson said in an emailed statement to Reuters, without revealing any details about the potential writedown it is expected to take.
The bank has been running a sale process for GreenSky, and may take a writedown on the $500 million of goodwill, or the premium it paid above the assets' book value, Goldman President and Chief Operating Officer John Waldron told investors at a conference in June.
KKR, Apollo Global Management (NYSE:APO), Sixth Street Partners, Warburg Pincus and Synchrony Bank were among the asset managers and lenders involved in the first round of bids in June, the CNBC report said.
(This story has been corrected to clarify that the reported valuation is for GreenSky's loan origination unit, not the entire business, in paragraph 2)
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$GS & $NVDA $1 Million+ October Calls
By: Cheddar Flow | June 22, 2023
• $GS & $NVDA $1M+ October Calls
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Goldman Sachs $GS Previous Support New Resistance
By: TrendSpider | June 21, 2023
• $GS Previous Support New Resistance.
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Goldman Sachs Group, Inc. $GS Broke out last week but didn't' hold
By: Options Mike | June 19, 2023
• $GS Broke out last week but didn't' hold.
200D needs to hold or back into the chop.
Nice little C&H here.
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Goldman Sachs Group, Inc. (GS) Quietly waiting it's turn. Over 337.50 can run 345 next target
By: Options Mike | June 11, 2023
• $GS Quietly waiting it's turn. Over 337.50 can run 345 next target.
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Wedge breakout for Goldman $GS with price moving into the low volume area today as Financials begin picking up steam!
By: TrendSpider | June 7, 2023
• $GS Wedge breakout for Goldman with price moving into the low volume area today as Financials begin picking up steam!.
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Goldman Sachs $GS *SIZE* ~ 900K shares at $323.44 ~ 46% of 30D Avg Vol #darkpool activity
By: FLOWrensics | June 2, 2023
• $GS SIZE #darkpool activity ~ 900K shares at $323.44 ~ 46% of 30D Avg Vol.
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Goldman Sachs (GS) Stronger bank, if they rotate this is one I'll be watching. 200D then 347.50 levels to watch to the upside
By: Options Mike | May 29, 2023
• $GS Stronger bank, if they rotate this is one I'll be watching. 200D then 347.50 levels to watch to the upside.
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Goldman Sachs Group, Inc. (GS) Surprisingly weaker than the $XLF, room to the 8/50D which are together
By: Options Mike | May 7, 2023
• $GS Surprisingly weaker than the $XLF, room to the 8/50D which are together.
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US Asset Management LLC Makes New Investment in The Goldman Sachs Group, Inc. (GS)
By: MarketBeat | May 2, 2023
• US Asset Management LLC bought a new position in The Goldman Sachs Group, Inc. (NYSE:GS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,478 shares of the investment management company's stock, valued at approximately $851,000. The Goldman Sachs Group makes up approximately 0.9% of US Asset Management LLC's investment portfolio, making the stock its 28th biggest position...
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Goldman Sachs $GS is being investigated for any role it may have played in the collapse of Silicon Valley Bank $SIVB
By: Barchart | May 4, 2023
• Goldman Sachs $GS is being investigated for any role it may have played in the collapse of Silicon Valley Bank $SIVB
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