Category: Goldman Sachs

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A street sign is seen in front of the New York Stock Exchange October 16, 2007. U.S. stocks fell on Tuesday after disappointing earnings and outlooks from financial services companies suggested problems from the credit squeeze will be prolonged.

Ex-Goldman Trader’s Macro Hedge Fund Said to Lose 5.1% in 2016

Former Goldman Sachs Group Inc. trader Leland Lim’s macro hedge fund lost 5.1 percent in 2016, even after recovering from steep declines early in the year, according to people with knowledge of the matter. Assets overseen by Lim’s Hong Kong-based Guard Capital Management declined to $963 million from about $1.1 billion at the beginning of the year, said the people, who asked not to be identified because the information hasn’t been publicly disclosed.

Asia Banks Seeking Tech Hires Over `Rock-Star’ Bankers This Year

Financial institutions in the Asia-Pacific region will be more inclined to hire technology specialists this year than investment bankers as they enhance product offerings and upgrade their systems, according to a survey by Options Group Inc. Among regional financial-services managers, 40 percent say they expect to increase their headcount for information technology-related roles this year, according to a September-October survey conducted by the New York-based recruiter. By comparison, only 18 percent of the 380 managers surveyed intended to add jobs in investment banking, while 29 percent may do so in fixed income and equities sales and trading.

Will Goldman Sachs Raise Its Dividend in 2017?

With the highest share price among the Dow 30, Goldman is responsible for more than 8% of the value of the price-weighted index, and that gives it more power over the movements of the Dow than the six cheapest Dow stocks combined. That said, dividend investors aren’t all that happy with Goldman Sachs, because its current dividend yield is puny, resting just above the 1% mark.

Goldman Promotes Elisha Wiesel to Chief Information Officer

Goldman Sachs Group Inc. named Elisha Wiesel, son of Holocaust survivor Elie Wiesel, chief information officer as the company fills roles created by the departure of President Gary Cohn for a job in the Trump administration. Wiesel, 44, currently chief risk officer of the securities division, will report to Martin Chavez, who was promoted from CIO to chief financial officer last month, the New York-based firm said Monday in a memo to staff.

Banks, Oil Stocks Hinder Dow’s Pursuit of 20,000

Declines in bank and energy companies weighed on Wall Street on Monday, distancing the Dow from the 20,000 mark, while gains in technology stocks pushed the Nasdaq to a record intraday high. Two-thirds of the 30 Dow components were lower, with Goldman Sachs’s 0.7 percent decline weighing the most.

Goldman’s Donovan Said to Be Top Contender for Key Treasury Post

Goldman Sachs Group Inc. banker Jim Donovan is the front-runner to be Donald Trump’s pick for undersecretary of domestic finance, a key position in the Treasury department, according to a person familiar with the decision. If chosen and confirmed Donovan would be the fourth appointee with ties to the investment bank tapped to serve in the president-elect administration, and would be responsible for coordinating policies on banking, capital markets and regulation, and managing the issuance of the country’s debt.

Corzine Agrees to Futures Industry Ban in CFTC Settlement

Jon Corzine has agreed to a lifetime ban from the futures industry to settle a U.S. lawsuit that he failed to properly oversee MF Global Holdings Ltd. as the brokerage spiraled toward failure in 2011. Corzine, an ex-governor and U.S. senator from New Jersey and the former co-chairman of Goldman Sachs Group Inc., also agreed to pay a $5 million penalty from his own pocket to the Commodity Futures Trading Commission, under a consent order approved by a federal judge in New York Thursday.

Deals Lawyer Said to Be a Contender to Lead SEC Under Trump

President-elect Donald Trump is considering nominating Sullivan & Cromwell partner Jay Clayton to run the Securities and Exchange Commission, potentially positioning a top lawyer to banks and hedge funds to lead Wall Street’s main regulator, said a person with knowledge of the matter. Clayton, who met with Trump last month, has represented Goldman Sachs Group Inc. and investment firms ranging from Och-Ziff Capital Management Group LLC to Oaktree Capital Group LLC, according to Sullivan & Cromwell’s website.

Why NVIDIA Corporation Stock Popped 15.8% in December

For perspective, NVIDIA stock also skyrocketed nearly 30% in November, with the bulk of the month’s gains coming after the company’s third-quarter results crushed the expectations of analysts on Wall Street. NVIDIA founder and CEO Jen-Hsun Huang rightly called it a “breakout quarter,” with record revenue, margins, and earnings.More specifically, quarterly revenue grew 54% year over year, to $2.00 billion, including broad growth across gaming, , data center , and automotive .

A Goldman You’ve Never Heard of Is Pursuing a Hong Kong IPO

Goldman is planning an initial public offering in Hong Kong–but it’s not the Goldman you’ve heard of. Goldman Faith Holdings Ltd., a local engineering subcontractor which adopted its current name less than a month ago, lodged an application to list on the main board of the Hong Kong stock exchange, according to a Dec. 19 filing.

Watch Out for China Growth, European Elections and Reflation in 2017, Says Goldman Sachs

The investment bank lays out some of its key macro themes; providing reasons to be generally optimistic unless you are British. China’s economic growth and European elections will be potential flash points for global markets in 2017, while the negative effects of Brexit will become evermore apparent and investors should get used to hearing the term reflation, according to Goldman Sachs.

Goldman Sees Oil Lower for Longer After Getting a Bump From Cuts

Oil prices boosted by global output reductions will be capped because of new supply before long, according to Goldman Sachs Group Inc. The cuts by OPEC members and nations outside the group, as well as strong demand growth, will probably help curb inventories by next summer, analysts including Damien Courvalin said in a note dated Dec. 16. While the bank raised its oil-price forecasts for the second quarter of 2017, it decreased its crude estimates for 2018 on concern that new production will enter the market. Brent crude, the benchmark for more than half of the world’s oil, has surged since the Organization of Petroleum Exporting Countries agreed Nov. 30 to trim output for the first time in eight years.