Search Results for: Goldman Sachs

July 19, 2023 @ 8:19 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has reported Q2 2023 earnings, and it’s a bit of a mixed bag. Goldman surpassed expectations for top-line revenue generating $10.9 billion on a predicted $10.61 billion. Net revenue disappointed as Goldman generated an earnings per share of $3.08, with analysts anticipating… Read More

May 10, 2023 @ 1:04 pm By JD Alois  |  

Goldman Sachs (NYSE:GS) provides much of the magic behind Apple’s (NASDAQ:AAPL) Fintech ventures. Not too long ago, Apple announced its anticipated saving plan, offering consumers an APY of 4.15% – higher than many banking firms. While few details are available on the success of Apple… Read More

April 18, 2023 @ 10:57 am By JD Alois  |  

Following the release of Goldman Sachs‘s (NYSE:GS) quarterly earnings, which fell short of analyst expectations, Goldman revealed its intent to pull back from its consumer operations and focus its efforts on its Platform Solutions. At the same time, Goldman announced that it would sell GreenSky,… Read More

April 18, 2023 @ 7:57 am By JD Alois  |  

Goldman Sachs (NYSE:GS) is taking a beating in pre-market trading as earnings missed on the top line according to anaylist expectations. Goldman reported Q1 2023 net revenue of $12.22 billion and net earnings of $3.23 billion. Earnings per share (EPS) came in at $8.79. The… Read More

April 15, 2023 @ 7:06 pm By Omar Faridi  |  

Coupa, a global player focused on Business Spend Management (BSM), and Goldman Sachs Transaction Banking (TxB), a digital-first, cloud-based bank provider, announced a joint initiative “to simplify payment processes between businesses and their global supply chains.” Making payments between businesses “is fraught with operational challenges… Read More

January 20, 2023 @ 3:56 pm By JD Alois  |  

The US Federal Reserve is said to be investigating Goldman Sachs (NYSE:GS)  and their consumer operations – specifically consumer lending, according to a report. The news follows a difficult earnings report by Goldman that is being described as its worse earnings miss in a decade.  Goldman’s… Read More

January 18, 2023 @ 10:29 am By JD Alois  |  

Goldman Sachs (NYSE:GS) released Q4 2022 and full-year 2022 results yesterday which have been deemed a disappointment by analysts and many investors. It has been widely stated that Goldman has not missed expectations this badly in many years. Shares quickly reflected this sentiment, sinking dramatically…. Read More

January 17, 2023 @ 10:53 am By JD Alois  |  

Goldman Sachs (NYSE:GS) reported Q4 2022 and full-year 2022 results this morning, falling short of analyst expectations. The operations of the world’s most prominent investment bank and aspiring Fintech have been challenged during a difficult economic climate. Recently, Goldman slashed approximately 3200 employees to cut… Read More

January 13, 2023 @ 9:59 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has filed an 8-K with the Securities and Exchange Commission that describes the new divisional structure of the firm that was revealed last year. Last October, Goldman outlined its new reporting structure, which included the following: Asset and Wealth Management Global Banking… Read More

October 18, 2022 @ 8:30 am By JD Alois  |  

Goldman Sachs (NYSE:GS) topped estimates this morning, reporting earnings per share (EPS) of $8.25, handily beating analyst expectations. While the investment bank experienced significant declines in top and bottom line numbers due to the challenging economic environment, performance was welcomed by investors. According to the… Read More

October 17, 2022 @ 10:23 am By JD Alois  |  

A day before Goldman Sachs (NYSE:GS) will post its Q3 earnings, a report has been distributed indicating Goldman will pursue a major overhaul of the structure of the banking firm. According to WSJ.com, investment banking and trading will now be a single division, asset and… Read More

October 13, 2022 @ 2:53 pm By JD Alois  |  

Apple (NASDAQ:AAPL), the largest company in the world by market cap, is becoming more like a digital bank. Apple announced today that it will soon offer interest-bearing accounts alongside its highly popular Apple Card. The service will be available in partnership with Goldman Sachs (NYSE:GS),… Read More

September 22, 2022 @ 10:32 am By Omar Faridi  |  

Goldman Sachs (NYSE:GS) recently announced it is expanding Transaction Banking (TxB) to the European Union. Originally launched in the US in 2020 and expanded to the UK in 2021, this growth will deepen Goldman Sachs’ relationships “with existing clients who have banking needs in the… Read More

September 17, 2022 @ 3:03 pm By Omar Faridi  |  

Modern Treasury, a software platform that helps companies modernize money movement, and Goldman Sachs Transaction Banking (TxB) announced a partnership “to accelerate the shift to embedded payments, helping joint customers seamlessly embed and scale domestic and international payments into their products to drive growth.” Modern… Read More

September 16, 2022 @ 6:50 pm By JD Alois  |  

Marcus, the Goldman Sachs (NYSE:GS) owned digital bank serving consumers in both the US and the UK, is getting some scrutiny from the US Federal Reserve according to reports. The Fed is one of several federal agencies that has regulatory oversight over banks. The Fed… Read More

August 31, 2022 @ 2:09 pm By Omar Faridi  |  

Infobip Group, a global cloud communications platform company for customer engagement, and key player in CPaaS solutions, announced a partnership with Google and Goldman Sachs to launch “an innovative mentorship program for startups from Croatia, the youngest European Union member state with a population of… Read More

August 25, 2022 @ 4:35 pm By JD Alois  |  

It appears that Marcus by Goldman Sachs (NYSE:GS) is struggling with something so plebeian, like consumer checking. In a day when fewer and fewer people are using physical checks, opting for online payments and tap to pay with their iPhone, Marcus may delay its consumer checking… Read More

August 9, 2022 @ 11:04 pm By Omar Faridi  |  

Clara, the Latin American tech startup that offers an end-to-end corporate spend management solution for companies in the region, has announced an “approved” financing round from Goldman Sachs for “an initial $50 million with the option to upsize to $150 million.” The facility will “allow… Read More

July 18, 2022 @ 9:14 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has beaten analyst estimates reporting Q2 2022 earnings per share of $7.73. At the same time, Goldman raised its dividend to $2.50 a share, a whopping 25% increase over previous amount. The price of Goldman shares increased in pre-market trading. David Solomon,… Read More

July 3, 2022 @ 5:09 pm By Omar Faridi  |  

Derivative Path, a provider of capital markets tech and derivatives execution services to regional and community banks, announced it is working with Goldman Sachs Transaction Banking (TxB) to offer “an automated, digital-first payments platform to help financial institutions with spot foreign exchange and international payments.”… Read More