Tagged: goldman sachs

June 22, 2025 @ 9:15 pm By Omar Faridi  |  

As tensions escalate in the Middle East, the global energy market is bracing for potential upheaval. Goldman Sachs (NYSE:GS) is referencing Polymarket to assess the probability of Iran closing the Strait of Hormuz, a critical chokepoint for oil shipments. Approximately 30% of the world’s oil… Read More

May 8, 2025 @ 5:45 pm By Omar Faridi  |  

Goldman Sachs Asset Management (GSAM), part of Goldman Sachs (NYSE: GS), announced they are now offering total portfolios of public and private investments in a single account for Registered Investment Advisors (RIAs), in partnership with GeoWealth and iCapital. Goldman Sachs Asset Management first announced its… Read More

March 20, 2025 @ 9:36 pm By Omar Faridi  |  

The Global Synchronizer Foundation, in conjunction with the Canton Network, the public layer one blockchain network with control and privacy, today announced that Goldman Sachs, Hong Kong FMI Services Limited, and Moody’s Ratings have joined the Global Synchronizer Foundation (GSF) as its newest members. The… Read More

February 11, 2025 @ 7:53 am By Omar Faridi  |  

Plaid, a company specializing in connecting bank accounts to financial applications, is reportedly working with Goldman Sachs (NYSE: GS) on a tender offer. This deal aims to enable early-stage investors and employees to sell existing shares, potentially raising between $300 million and $400 million, according… Read More

January 15, 2025 @ 8:24 am By JD Alois  |  

Goldman Sachs (NYSE: GS) reported net revenues of $53.51 billion and net earnings of $14.28 billion for the year ended December 31, 2024 pleasing Wall Street analysts.  Earnings per share were reported at $40.54 for 2024 and was $11.95 for the fourth quarter of 2024… Read More

January 14, 2025 @ 9:52 pm By Omar Faridi  |  

Float Financial, a business finance platform for Canadian businesses, announced it has signed a CAD $70 million Series B financing round, which brings its total funds raised in the last 12 months to $120 million. The latest investment round is led by Growth Equity at… Read More

November 20, 2024 @ 10:57 am By Omar Faridi  |  

Goldman Sachs (NYSE:GS) intends to explore strategic opportunities to spin-out its wholly-owned technology platform, GS DAP from its Digital Assets business, to “ultimately” become an “industry-owned” distributed technology solution, subject to regulatory approvals. Goldman Sachs has also introduced a collab with partners to underscore a… Read More

October 23, 2024 @ 11:08 am By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has penalized both Apple (NASDAQ:AAPL) and Goldman Sachs (NYSE:GS) for apparent transgressions in regard to the popular Apple Card. Apple announced its bespoke credit in partnership with Goldman in 2019. The digital/physical offering grew quickly due to its consumer-friendly… Read More

October 15, 2024 @ 8:56 am By JD Alois  |  

Goldman Sachs (NYSE:GS) delivered solid results this morning, and the shares are responding in early trading. For Q3, Goldman reported top-line revenue of $12.7 billion and net income of $2.99 billion. For the nine-month period, Goldman announced revenue of $39.64 billion and net income of… Read More

September 20, 2024 @ 9:02 am By JD Alois  |  

Multiple reports have claimed that Apple (NASDAQ:AAPL) has been talking to JP Morgan (NYSE:JPM), the largest bank in the US, to step in and takeover the popular Apple Card from current partner Goldman Sachs (NYSE:GS). Apple partnered with Goldman to launch the Apple Card, which… Read More

September 13, 2024 @ 8:11 am By JD Alois  |  

Not so long ago, Goldman Sachs (NYSE:GS) had huge ambitions in the consumer finance space enabled by Fintech. The theory expected that Goldman could lever its deep expertise in financial services to serve the masses by creating a tech stack to power consumer financial transactions…. Read More

July 18, 2024 @ 2:58 pm By JD Alois  |  

Investment platform Betterment has partnered with Goldman Sachs (NYSE:GS) to provide the Goldman Sachs Tax-Smart Bonds portfolio. Not too long ago, Betterment took over Goldman’s Marcus Invest, a Fintech wealth management platform, which is being shuttered. This is part of Goldman’s exit from providing extensive… Read More

July 15, 2024 @ 8:40 am By JD Alois  |  

Goldman Sachs (NYSE:GS)  has released Q2 2024 results reporting earnings per share (EPS) of $8.62 on net earnings of $3.04 billion in a solid earnings beat. Goldman CEO and Chairman David Solomon issued the following statement on the bank’s performance: “We are pleased with our… Read More

April 23, 2024 @ 10:20 am By JD Alois  |  

Goldman Sachs (NYSE:GS) , the most respected investment bank in the world, is continuing its retreat from retail Fintech services as it revealed this week that Marcus Invest, its Fintech wealth management platform, would be shuttered and services picked up by Betterment, a registered investment adviser…. Read More

April 15, 2024 @ 7:48 am By JD Alois  |  

Goldman Sachs (NYSE:GS) has revealed that Q1 2024 earnings have topped analyst expectations. Goldman reported net revenues of $14.21 billion and net earnings of $4.13 billion for the quarter ended March 31st. Earnings per common share (EPS) was $11.58, and annualized return on average common… Read More

April 4, 2024 @ 12:52 pm By Omar Faridi  |  

Goldman Sachs (NYSE:GS) clients are not really interested in crypto-assets, according to recent statements from the firm’s Chief Investment Officer. As reported by the WSJ, even following the considerable surge in prices of Bitcoin (BTC) and cryptocurrencies as well as the involvement from other TradFi… Read More

March 7, 2024 @ 2:11 pm By JD Alois  |  

As President Joe Biden prepares to deliver the State of the Union Address when he expected to tout the successes of Bidenomics,” the reality may be slightly different according to a recent survey the federal government is failing when it comes to supporting smaller firms…. Read More

March 1, 2024 @ 4:30 pm By JD Alois  |  

As of today (March 1, 2024), if you have an Apple Card, you may hold up to $1 million in your Apple Savings account. While there is no minimum amount needed to open an account, if you go over the $1M hurdle, Apple (NASDAQ:AAPL) will… Read More

February 20, 2024 @ 9:51 pm By Omar Faridi  |  

DTCC, the post-trade market infrastructure for the global financial services industry, today announced that Goldman Sachs & Co. LLC has “achieved a greater than 99% same-day affirmation rate and a significant improvement in settlement rates for transactions leveraging CTM’s Match to Instruct (M2i) workflow in… Read More

February 4, 2024 @ 6:05 pm By Michael Wong  |  

FundPark, a Hong Kong-based Fintech, has announced the completion of an asset-backed securitization facility amounting to up to $500 million. The arrangement was facilitated by Goldman Sachs, serving as the arranger and senior lender, marking a notable expansion of FundPark’s financial capabilities, according to the… Read More