Goldman Sachs Loses Its Trading Edge

Goldman Sachs posted its first quarterly loss in six years as a dismal showing by its trading unit compounded a one-time charge related to the new tax law.

Topics:  goldman sachs   trading   
BING NEWS:
  • Goldman Sachs cuts STOXX 600 forecast for next 12 months
    Goldman Sachs on Tuesday cut it's forecast for Europe's benchmark equity index STOXX 600 for the next 12 months citing continued weak economic performance and modest earnings per share growth as the ...
    11/18/2024 - 8:58 pm | View Link
  • Hedge funds pile into banks, dump green energy post US election, Goldman Sachs says
    Financial stocks, such as banks and trading companies, were the most popular and most net bought sector on Goldman Sachs' prime brokerage trading desk last week, the note from Friday and seen by ...
    11/11/2024 - 2:09 am | View Link
  • ABB stock loses buy rating as Goldman cites sector premium and limited upside
    On Tuesday, Goldman Sachs adjusted its stance on ABB LTD (ST ... The company's stock has transitioned from trading at a 1% discount compared to the sector based on a 12-month forward EV/EBIT ...
    10/28/2024 - 8:27 pm | View Link
  • Apple and Goldman Sachs Must Pay Nearly $90 Million in Credit-Card Inquiry
    By Danielle Kaye Federal regulators ordered Goldman Sachs and Apple on Wednesday to pay combined penalties of more than $89 million over their handling of their credit-card business, affecting ...
    10/22/2024 - 1:00 pm | View Link
  • Goldman Sachs Stock Edges Higher as Results Surpass Estimates
    Santiago / Getty Images Goldman Sachs (GS) reported third-quarter earnings ... The shares edged higher in early trading after the firm reported $12.7 billion in total revenue, above the $11. ...
    10/15/2024 - 2:45 am | View Link
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