Nvidia hits record high as Goldman Sachs boosts PT on AI prospects
(Reuters) -Nvidia’s shares scaled a new peak on Monday after Goldman Sachs raised its price target for the high-flying chipmaker’s stock in anticipation of a major boost to its earnings from the…
Improved profit margins ‘bright spot’ in US earnings season -Goldman strategists
By Lewis Krauskopf NEW YORK (Reuters) – Improving profit margins among U.S. companies are supporting a stronger-than-expected earnings season even as revenues top estimates at rates below the historical long-term average, according…
Hedge funds short US financial stocks at near record levels -Goldman Sachs
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds built bearish positions this week to the highest level in nearly five years, Goldman Sachs said on Friday, without citing the underlying…
Hedge funds pile into US stock rally at fastest pace in 2 years – Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Hedge funds last week “aggressively” bought U.S. stocks at the fastest pace in two years, said a Goldman Sachs note, with traders jumping into a stock…
Hedge funds caught in crowded trades suffered in Thursday’s stock rally -Goldman Sachs
By Nell Mackenzie LONDON (Reuters) – Global hedge funds using algorithms to trade stocks endured one of their worst days of the year on Thursday, a Goldman Sachs note on Friday showed,…
Goldman Sachs hires BlackRock executive for unit serving third-party wealth product providers
By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs’ asset management arm hired Gregory Weiss from BlackRock to lead a business that sells managed accounts and index products to wealth managers. Weiss…
Goldman Sachs no longer sees U.S. govt shutdown in 2023
(Reuters) – Goldman Sachs removed its forecast for a U.S. government shutdown this year given new geopolitical risks and the election of a speaker at the House of Representatives, but warned of…
Goldman Sachs forays into geopolitical advisory business
(Reuters) – Goldman Sachs on Thursday launched an institute to offer its clients insights on geopolitics and technology, according to an internal memo seen by Reuters. The Goldman Sachs Global Institute will…
Goldman Sachs Asset Management launches new defined outcome ETFs
By Suzanne McGee (Reuters) – Goldman Sachs Asset Management (GSAM) has launched a pair of defined outcome exchange-traded funds (ETFs), a group of products that use options strategies to offer upside exposure…
Goldman names Kamo as global head of dealmaking for financial sponsors
By David French (Reuters) – Goldman Sachs Group Inc has appointed David Kamo as its global head of financial sponsor mergers and acquisitions within its investment bank, according to a memo seen…
Treasury selloff will end in Q4 as oil prices spike -Goldman Sachs
By David Randall NEW YORK (Reuters) – A slowdown in the U.S. economy over the remainder of the year due to higher oil prices and the resumption of student loan payments will…
Goldman Sachs lifts Europe Inc’s 2023 profit growth forecast to 3%
(Reuters) – Goldman Sachs said on Tuesday it expects earnings for companies in the pan-European STOXX 600 index to grow 3% in 2023, compared with its prior projection of no growth, on…
Industrial metals to remain vulnerable to more softness near-term, says Goldman
(Reuters) – Goldman Sachs on Monday said it expects industrial metals markets to remain vulnerable to incremental softness in the near term due to deteriorating demand and the impact from higher interest…
Hedge funds sell energy stocks before Middle East conflict – Goldman
By Nell Mackenzie LONDON (Reuters) – Global hedge fund managers were selling U.S. stocks sensitive to commodities at an accelerated pace in the week ending October 6, according to a Goldman Sachs…
Goldman Sachs sees more than 1% growth for euro area in 2024
(Reuters) – Goldman Sachs expects economic growth in the euro area to recover to 1.25%-1.5% in 2024, more than double their forecast of about 0.5% for this year’s growth. The brokerage’s 2023…
Goldman to pay $6 million to settle SEC charges over deficient trading data
(Reuters) – Goldman Sachs Group agreed to pay $6 million to settle U.S. Securities and Exchange Commission charges over providing deficient trading data, the regulator said in a statement on Friday. THE…
Goldman Sachs pushes its forecast for Fed rate cut to Q4 2024
(Reuters) – Goldman Sachs economists said they now expect the U.S. Federal Reserve to begin its interest rate-cutting cycle in the fourth quarter of next year, later than an earlier forecast of…
Goldman Sachs raises over $15 billion for secondary private equity deals
By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs’ asset management arm said two funds have closed, raising more than $15 billion for funds that enable investors to make secondary investments in…
Hedge funds sell energy stocks, increase bearish bets – Goldman
By Carolina Mandl and Nell Mackenzie NEW YORK/LONDON (Reuters) – Hedge funds ditched energy stocks last week for the first time in three weeks, despite a rally in oil prices triggered by…
Fed unlikely to raise rates in November, says Goldman Sachs
(Reuters) – The Federal Reserve is unlikely to raise interest rates at its Oct. 31-Nov. 1 meeting, Goldman Sachs strategists wrote on Saturday, while also forecasting the U.S. central bank would lift…
Goldman names head of wealth investment solutions for asset management
(Reuters) – Wall Street giant Goldman Sachs has named Monali Vora as its head of wealth investment solutions for asset management, according to an internal memo seen by Reuters on Friday. Vora…
Biggest hedge funds have doubled footprint in U.S. stocks since 2014- Goldman
By Nell Mackenzie and Carolina Mandl LONDON (Reuters) – The world’s five biggest hedge funds have doubled their footprint in the U.S. stock market through leverage and trading positions since 2014, according…
China to avoid ‘Lehman moment’ despite property woes, Goldman says
By Saeed Azhar NEW YORK (Reuters) – The Chinese government’s support of banks hit by property woes will enable it to avert a financial crisis like the one in 2008 that was…
Goldman Sachs fires several executives in transaction banking -memo
By Saeed Azhar NEW YORK (Reuters) – Goldman Sachs fired several executives in its transaction banking unit after they violated the firm’s communications policy, according to a memo seen by Reuters on…
Goldman Sachs Asset Management hires managing directors – memo
(Reuters) – Goldman Sachs Asset Management has appointed Anupam Damani and Lindsay Rosner as managing directors to its fixed income and liquidity solutions business, a memo seen by Reuters showed on Wednesday.…
Goldman Sachs plans fresh round of job cuts for underperformers – FT
(Reuters) – Goldman Sachs is planning for another round of job cuts for employees who are deemed underperformers, which could come as soon as late October, the Finanical Times reported on Thursday,…
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