The CEO of Goldman Sachs weighed in on Vice President Harris' comments during Tuesday night's presidential debate in which she touted the investment bank's analysis of the benefits of her economic plan, saying the Democrat nominee made the report seem like a bigger deal than reality shows. "I am offering what I describe as an opportunity economy, and the best economists in our country, if not the world, have reviewed our relative plans for the future of America," Harris said during the debate. "What Goldman ...

Goldman Sachs Group Inc (NYSE:GS) stock is inching higher today, up 0.3% to trade at $472.51 at last glance and extending last session's bounce after the sector was hit hard on Tuesday. GS could extend its rebound, too, as it is now flashing a historically bull signal on the charts. The bank giant pulled back to its 100-day moving average during this week's negative price action, and per Schaeffer's Senior Quantitative Analyst Rocky White, it's run into this trendline five times in the last three years. For ...

Shares of The Goldman Sachs Group, Inc. (GS) have witnessed strong growth, with its stock surging 24.5% year-to-date compared with the industry's growth of 12.2%.This stock is also trading slightly below its peers — JPMorgan & Chase (JPM) and Morgan Stanley (MS) . JPM rose 24% while MS moved up 7% in the said time frame.Year-to-Date Price PerformanceImage Source: Zacks Investment ResearchLet’s discuss the factors that will keep driving Goldman's growth further.Goldman’s Refocus on Wallstreet Operations to D ...

文章核心观点 - 高盛正在退出与通用汽车的信用卡合作业务,这一退出过程比预期更加复杂 [1] - 高盛将面临约4亿美元的税前损失,主要源于出售其通用汽车信用卡业务和一个较小的无关业务 [1] - 高盛在接管该信用卡业务后,由于放贷标准过于宽松,导致账户质量出现问题 [1][2] 公司层面 - 高盛在零售银行业务方面遭受损失和监管审查,此次交易标志着其进一步退出该领域 [3] - 高盛正在努力出售其与苹果的另一家信用卡合作业务 [3] - 高盛正在与巴克莱就通用汽车信用卡业务组合进行交易谈判,计划以折扣价将其出售给巴克莱 [2] 行业层面 - 高盛在接管通用汽车信用卡业务后,由于放贷标准过于宽松,导致账户质量出现问题,平均坏账率超过10%,远高于美国商业银行4.5%的平均水平 [2] - 高盛在扩大通用汽车信用卡用户基础方面遇到困难,转而通过第三方网站如Credit Karma吸引信用评分较低的客户 [2]

Goldman Sachs (GS) ended the recent trading session at $471.03, demonstrating a +0.83% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.07%. Elsewhere, the Dow saw an upswing of 0.31%, while the tech-heavy Nasdaq appreciated by 2.17%.The investment bank's shares have seen a decrease of 5.04% over the last month, not keeping up with the Finance sector's gain of 4.06% and the S&P 500's gain of 2.92%.Market participants will be closely following th ...

The Goldman Sachs Group, Inc. (GS) is set to finalize an agreement to transfer its General Motors (GM) credit card business to Barclays (BCS) . The companies are still in the final stages of negotiation.In November 2023, Goldman announced plans to discontinue its co-branded credit cards with GM. The credit card program, provided by Mastercard through Goldman, was created in 2022 to allow consumers to earn additional points toward purchasing or leasing Buicks, Cadillac and other General Motors vehicles.Ratio ...

文章核心观点 - 高盛银行正在从信用卡贷款业务中撤出,这一过程被描述为"混乱"且由于"放松的贷款标准"而导致 [1][2] - 高盛面临约4亿美元的税前损失,主要来自出售通用汽车信用卡业务和一个较小的无关单位 [1] - 高盛正与巴克莱银行就将通用汽车信用卡业务转移到英国银行进行讨论,但巴克莱银行不愿支付高盛最初预期的价格,主要是由于该计划的高坏账率 [1] - 高盛可能会以低于应收余额的价格出售该业务,因为之前支付了溢价来收购这些账户 [1] 行业概况 - 美国商业银行的信用卡年化坏账率为4.5% [2] - 高盛在拓展通用汽车信用卡业务时遇到困难,部分原因是旅行奖励卡的受欢迎程度,因此转向第三方网站如Credit Karma来寻找新客户,结果吸引了信用评分较低的用户 [2] - 高盛在退出与苹果的信用卡合作伙伴关系时面临更大挑战,该业务的应收余额约为170亿美元 [2] 公司动态 - 高盛正在收缩其在"主街"银行业务的参与,转而更多关注投资、银行和其他更面向市场的业务 [3] - 高盛去年宣布出售其GreenSky消费金融平台及相关贷款给由全球投资公司Sixth Street牵头的买家集团 [3]

At the 2024 Barclays Global Financial Services Conference, The Goldman Sachs Group, Inc.’s (GS) CEO, David Solomon, stated that the firm’s trading revenues will probably slide 10% in the third quarter of 2024. The decline will follow a very strong quarter for trading in the third quarter of 2023, when equities revenues jumped 8%.This decline owed to a tough year-over-year comparison and difficult trading conditions in August for fixed-income markets.Solomon also stated that investment banking (IB) continues ...

Goldman Sachs shares dropped 4% after CEO David Solomon warned the Wall Street giant is facing a $400 million hit from the exit of a credit card venture as well as recent weakness in trading revenue.The Wall Street giant’s stock fell by just over $19 to $470 after Solomon told an industry conference in New York late Monday that the October quarter’s financial results will be hit by its exit from its consumer banking venture that began in 2022, including a joint credit card scheme with General Motors.But the ...

文章核心观点 - 高盛银行将在第三季度财报中计提约4亿美元的税前损失,以清算其不利的消费者业务 [1] - 高盛正专注于资产和财富管理业务以推动增长,并正在与巴克莱银行就出售通用汽车信用卡业务进行谈判 [2] - 高盛第三季度交易收入预计将下降10%,因为与去年同期相比情况较为艰难,8月份固定收益市场交易环境也较为困难 [2] 根据相关目录分别进行总结 高盛消费者业务清算 - 高盛将因出售通用汽车信用卡业务以及一个单独的贷款组合而在第三季度财报中计提约4亿美元的税前损失 [1] - 这是与所罗门推动进入消费者业务相关的最新动荡 [1] - 2022年底,高盛开始转移其初创的消费者业务,开始进行与出售业务相关的一系列减记 [1] - 高盛的信用卡业务,特别是苹果卡,促进了零售贷款的快速增长,但也导致了损失和与监管机构的摩擦 [1] 高盛的业务重点转向 - 高盛正专注于资产和财富管理业务以推动增长 [2] - 高盛正与巴克莱银行就出售通用汽车信用卡业务进行谈判 [2] 高盛交易收入预期 - 高盛第三季度交易收入预计将下降10%,因为与去年同期相比情况较为艰难,8月份固定收益市场交易环境也较为困难 [2]