Goldman Sachs Group (the) Stock News

Higher pay to retain and attract employees impacted Goldman Sachs profits, and the big banks CEO says companies across industries are experiencing the same thing.

Goldman Sachs (GS) stock drops 8.1% in late morning trading (New York time) after the bank''s compensation costs took the Street by surprise. Compensation and benefits expenses rose…

Goldman Sachs'' quarterly results sharply missed analyst expectations, leading to investors to file out of the company''s stock on Tuesday.

U.S. stock indexes fell at the opening, led by large technology stocks, as government bond yields rose to a two-year high. Meanwhile, major banks including Goldman Sachs are reporting earnings.

Shares of Goldman Sachs Group Inc. undefined sank 4.2% in premarket trading Tuesday, putting them on track to open at a six-month low, after the bank and

Here is what you need to know on Tuesday, January 18: Goldman (GS) kept up the disappointing bank season so far when it missed on EPS while revenue wa

Goldman Sachs said its fourth-quarter profits fell by 13% from a year earlier, largely due to the bank preparing to pay out hefty pay packages to its well-compensated employees

Goldman Sachs Group Inc. said Tuesday its fourth-quarter net earnings fell 13% to $3.81 billion or $10.81 a share, from $4.36 billion or $12.08 a share, in the year-ago quarter. Revenue at the investment bank increased by 8% to $12.64 billion from $11.74 billion in the year-ago quarter. The investment bank missed the target of $11.77 a share in a survey of analysts by Factset, but beat the revenue target of $12.04 billion. The firm''s investment banking revenue increased to $3.6 billion, ahead of the FactSet target of $3.24 billion and above the year-ago tally of $2.72 billion. Head count rose to 43,900 from 43,000 as of Sept. 30. Shares of Goldman Sachs fell 3.5% in premarket trades. As of Friday''s close, Goldman Sachs shares are down 0.4% in 2022 and up 26.6% in the past year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Goldman Sachs posted weaker-than-expected fourth quarter earnings Tuesday as the bank followed its rivals with solid investment banking revenues but noted a slump in its global capital markets division.

Goldman Sachs (NYSE:GS) declares $2.00/share quarterly dividend, in line with previous.Forward yield 2.1%Payable March 30; for shareholders of record March 2; ex-div March 1.See GS Dividend.

Goldman Sachs Earnings Miss, Revenue Beats In Q4

Goldman Sachs reports drop in quarterly profit

Goldman Sachs press release (GS): Q4 GAAP EPS of $10.81 misses by $1.00.Revenue of $12.64B (+7.7% Y/Y) beats by $510M.Shares -2% PM.Return on average common shareholders equity

Key Events This Holiday-Shortened Week: Earnings Galore, Central Banks And UK Inflation While the US is closed for MLK Day on Monday, the week kicked off with China''s monthly data dump but the PBOC upstaged this by surprisingly cutting rates on its medium term loans ahead of the GDP release. In the first move since April 2020 - which we said would happen one month ago - the PBOC lowered its one-year medium term lending facility (MLF) rate by 10bps to 2.85% from 2.95% and slashed the seven-day repurchase rate to 2.1% from 2.2%. Additionally, as DB''s Jim Reid writes, the central bank injected 700 bn yuan ($110 bn) worth of liquidity via the MLF and added 100 billion yuan of liquidity via reverse repos. Separately, data showed Q4 GDP expanded +4.0% y/y beating Bloomberg forecast of 3.3%. However, the rise was more muted in the last three months (+4.9%) as a real estate downturn combined with strict Covid-19 curbs hit activity. Other economic data showed that industrial production in China jumped by +4.3% in December from a year ago surpassing market expectations of a +3.7% growth.

Sands China Ltd (SCHYY) jumped another 14% in Monday trading in Hong Kong to follow on Friday''s big jump of more than 20%. Read more on LVS stock.