• Business Analysts

    Goldman Sachs (GS) earnings Q3 2021

    Goldman Sachs posted Friday third-quarter results that exceeded analysts’ expectations, as investment banking revenue surged nearly 90%, and the bank reaped record fees from equities financing. Here are the numbers: Earnings: $14.93 a share vs. $10.18 consensus estimate, according to Refinitiv Revenue: $13.61 billion vs. $11.68 billion consensus estimate Profit at the bank surged 63% to $5.28 billion, or $14.93 a share, as revenue climbed 26% to $13.61 billion. Shares of the New York-based bank rose 2.4%. Goldman — led by CEO David Solomon — has the world’s premier investment banking franchise, and analysts had expected strong revenue from booming  

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  • Business & Finance

    Goldman lines up $5 bln Petershill private equity asset float

    The Goldman Sachs company logo is on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 13, 2021. REUTERS/Brendan McDermid Petershill Partners invests in alternative asset managers Firm pivoting to post-pandemic investment opportunities Deal could value the business at over $5 billion -source LONDON, Sept 6 (Reuters) – Goldman Sachs (GS.N) plans to float the assets of its Petershill Partners unit, hoping to cash in on a private equity boom with an IPO valuing the investment vehicle at more than $5 billion. Petershill, which takes minority stakes in alternative assets managers including private equity,  

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  • Business & Finance

    Goldman Sachs Survey of Small Business Owners Highlights Hurdles on the Road to Recovery

    While 71 percent of small businesses are hiring, 81 percent of those businesses report difficulty recruiting qualified candidates as operating costs continue to rise A new national survey of small business owners from Goldman Sachs 10,000 Small Businesses Voices shows that small businesses across America are open for business but hitting roadblocks at every turn. While small business owners express optimism about the future, they face difficulties hiring employees and maintaining payroll as operating costs increase. Long-term access to capital and inflation are also pressing concerns for Main Street businesses. The new survey found that of the 71 percent of  

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  • Business & Finance

    Jamie Dimon, Goldman Sachs CEO Solomon and other business leaders call for Trump to halt violence

    Pro-Trump supporters storm the U.S. Capitol following a rally with President Donald Trump on January 6, 2021 in Washington, DC. Samuel Corum | Getty Images JPMorgan Chase CEO Jamie Dimon and other American business leaders called for an end to the violence at the U.S. Capitol and asked President Donald Trump and others to step up. The head of the biggest U.S. bank by assets “strongly condemned” the rioting in Washington, where thousands of the president’s supporters charged the Capitol on Wednesday. “This is not who we are as a people or a country,” Dimon said in a statement. “We  

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  • Business Advertising

    Goldman Sachs CEO David Solomon forecasts small business survival in the storm

    In Washington on Tuesday to meet with small businesses, Goldman Sachs CEO David Solomon told Axios that some of the survival pivots entrepreneurs have made in the past year will last past the pandemic. What he’s saying: “A lot of small businesses have had to make some investment in digitization and technology to connect to their customers more digitally than directly,” Solomon said. “Some of that will last and will help their businesses.” Why it matters: Goldman Sachs research has documented how Washington sluggishness has hurt small businesses amid shutdowns and has quantified the rougher road for entrepreneurs who are  

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