FINWIRES · TerminalLIVE
FINWIRES
Goldman Sachs

Goldman Sachs

$GS
NYSEFinancials

184 stories mentioning Goldman SachsUpdated 2d ago

Goldman Sachs and JPMorgan are exploring futures tied to GPU rental prices to help manage AI lending risks, amid a softer financial sector.

What are analysts saying about Goldman Sachs?

Recent broker actions mentioned in FINWIRES coverage. Compiled from wire headlines; not investment advice.

What's the latest news on Goldman Sachs?

Wire

Market Chatter: Colgate-Palmolive Weighs Sale of Certain Personal Care Brands

Colgate-Palmolive (CL) is exploring a potential sale of select mass-market personal care brands, including Softsoap, Irish Spring, and Speed Stick, Reuters reported Friday, citing sources familiar with the matter.The consumer products company is working with investment bank Goldman Sachs (GS) on the process, the news outlet quoted the sources as saying.The specific brands slated for divestment could fetch a combined valuation of over $1 billion, Reuters reported, citing the sources.Colgate-Palmolive and Goldman Sachs did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $87.40, Change: $-0.51, Percent Change: -0.57%

$CL$GS
Treasury

Update: Market Chatter: Uber Targets 4 Billion Euros From Five-Tranche Euro Bond Deal, Deal Size Could Increase

(Updates with more details on the transaction in the headline and second paragraph.)Uber Technologies (UBER) launched its inaugural five-tranche euro bond offering, which is expected to be priced on the same day, Bloomberg News reported Wednesday, citing a person familiar with the matter.The company expects the transaction to raise around 4 billion euros, although the deal could be expanded, according to separate people familiar with the matter.The company is marketing fixed-rate debt with terms ranging between three and 20 years, with initial yield spreads from 75 to 80 basis points over mid-swaps for the shortest-dated tranche to about 200 basis points for the longest, the news outlet quoted the source as saying.Goldman Sachs (GS), Bank of America (BAC), Deutsche Bank (DB), and Morgan Stanley (MS) are lead-managing the debt issuance, among others, Bloomberg News reported.Uber Technologies, Goldman Sachs, Bank of America, Deutsche Bank, and Morgan Stanley did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$BAC$DB$GS$MS$UBER
Treasury

Market Chatter: Uber Technologies Launches Initial Five-Tranche Euro Bond Deal

Uber Technologies (UBER) launched its inaugural five-tranche euro bond offering, which is expected to be priced on the same day, Bloomberg News reported Wednesday, citing a person familiar with the matter.The company is marketing fixed-rate debt with terms ranging between three and 20 years, with initial yield spreads from 75 to 80 basis points over mid-swaps for the shortest-dated tranche to about 200 basis points for the longest, the news outlet quoted the source as saying.Goldman Sachs (GS), Bank of America (BAC), Deutsche Bank (DB), and Morgan Stanley (MS) are lead-managing the debt issuance, among others, Bloomberg News reported.Uber Technologies, Goldman Sachs, Bank of America, Deutsche Bank, and Morgan Stanley did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$BAC$DB$GS$MS$UBER
Commodities

Market Chatter: Goldman Sachs Sees Oil Touching $120/Bbl if Middle East Shipping Disruptions Intensify

Goldman Sachs (GS) sees a price upside of up to $120 per barrel for oil if attacks on ships in the Middle East intensify and lead to increased disruption to flows, Bloomberg reported Monday.Events of the past few days indicate that the risk of shipping disruptions becoming more widespread and intensifying is an important one, Daan Struyven, Goldman Sachs' co-head of global commodities research, told Bloomberg TV in an interview.The US-based financial institution, meanwhile, sees prices falling to $80 if regional oil exports return to normal. Brent crude was last trading at $96.36 a barrel.While Goldman Sachs sees significant upside potential for crude oil prices, it recommends investors take long positions in global natural gas and refined oil products, where supply shocks are larger than in the crude market, Struyven said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$GS
Wire

Market Chatter: New York Knicks' NBA Championship Win Boosts Goldman Sachs' Wealth-Management Business

Goldman Sachs' (GS) wealth management business, which has some New York Knicks players as clients, is getting a boost to its operations after the basketball team won the NBA championship in June, Bloomberg reported Friday, citing people familiar with the matter.The players were together awarded more than $9 million from the event, with star players getting even more from sponsorship deals, the report said.The company's athlete clients, who have a long-term investment horizon, are more comfortable with private investments, a person familiar with the unit told the media outlet.Goldman Sachs did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $1031.78, Change: $-6.15, Percent Change: -0.59%

$GS
Nvidia Investing $3.5 Billion in MediaTek, Partners on NVLink Fusion Platform
US Markets

Nvidia Investing $3.5 Billion in MediaTek, Partners on NVLink Fusion Platform

Nvidia (NVDA) expanded its partnership with chip designer MediaTek, including a $3.5 billion investment, to support adoption of the company's proprietary interconnect technology for custom rack-scale artificial intelligence chips.Under the deal, Nvidia bought $3.5 billion convertible bonds issued by MediaTek, and the Taiwan-based fabless chipmaker will adopt the NVLink Fusion platform, which provides chipmakers with prevalidated connectors and specialized memory to integrate custom AI accelerators directly into Nvidia's rack-scale data center systems."MediaTek is one of the world's great semiconductor companies, with exceptional expertise in system-on-chip design, connectivity, leading performance and power efficiency," Nvidia Chief Executive Jensen Huang said. "Together, we're building platforms that bring Nvidia accelerated computing to new markets and give customers the freedom to create differentiated AI systems at enormous scale.""Nvidia's investment strengthens a collaboration that spans cloud AI infrastructure, local AI computing and automotive in the era of physical AI," MediaTek CEO Rick Tsai said.Last week, Nvidia reported fiscal second-quarter results that more than doubled from a year ago and topped Wall Street expectations, driven by record data center sales. Morgan Stanley said the chipmaking giant offered a surprisingly strong fiscal 2028 revenue outlook, while its gross margin guidance provided clarity amid rising memory costs.Separately, Nvidia announced an expanded partnership with Amazon.com's (AMZN) Amazon Web Services to supply 2 million additional GPUs across AWS infrastructure in 2027 and 2028, and build dedicated 100,000-GPU AI factories for federal security workloads.Earlier in August, Nvidia said it was collaborating with six major financial institutions to launch compute financing platforms aimed at raising over $500 billion in third-party capital to support its AI infrastructure. Apollo (APO), BlackRock (BLK), Blackstone (BX), Brookfield (BAM), Goldman Sachs (GS) and KKR (KKR) were part of the partnership.Previously, Nvidia agreed to expand its partnership with South Korean conglomerate SK Group with a more than $500 billion AI infrastructure initiative.Nvidia's shares were up 1.1% Monday and have gained 18% this year.Chip designer Marvell Technology (MRVL) reported late last week second-quarter results above Wall Street's estimates amid a surge in data center revenue. B. Riley Securities said the company's fiscal third-quarter gross margin outlook came in a bit soft amid a higher custom product mix.Semiconductor manufacturer Broadcom (AVGO) is scheduled to report its fiscal third-quarter results Wednesday.Price: $220.40, Change: $+2.85, Percent Change: +1.31%

$AMZN$APO$AVGO$BAM$BLK$BX$GS$KKR$MRVL$NVDA
Sectors

Sector Update: Financial Stocks Softer Late Afternoon

Financial stocks were lower in late Thursday afternoon trading, with the NYSE Financial Index shedding 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.7%.The Philadelphia Housing Index was falling 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.8%.Bitcoin (BTC-USD) was rising 2% to $80,007, and the yield for 10-year US Treasuries was one basis point higher at 4.67%.In economic news, the advance international trade in goods deficit widened to $118.81 billion in July from $101.41 billion in June, according to data released by the US Census Bureau. This was a wider gap than the $100.5 billion deficit expected in a survey compiled by Bloomberg.US initial jobless claims fell to 203,000 in the week ended Aug. 22 from an upwardly revised 207,000 in the previous week, in contrast with expectations for an increase to 208,000 in a survey of analysts compiled by Bloomberg.In corporate news, Bank of America (BAC), UBS (UBS), and UniCredit are working with private aviation firm Vista Global on a potential initial public offering in Europe that could raise over $1 billion, Bloomberg reported. Bank of America shares were down 1.5%, and UBS was shedding 0.3%.JPMorgan Chase (JPM), Bank of America, Goldman Sachs (GS) and Morgan Stanley (MS) are clashing over pending changes to the Federal Reserve's capital surcharge on global systemically important banks, or GSIB, Reuters reported. The Federal Reserve proposed changes to the surcharge in March, including revised policies on short-term wholesale funding, to make the levy more risk-sensitive, the report said. Sources said JPMorgan and Bank of America argued that the proposal would benefit rivals Morgan Stanley and Goldman Sachs, Reuters reported. JPMorgan shares were down 0.7%, Goldman shed 0.2%, and Morgan Stanley advanced 0.3%.Enbridge (ENB) has entered into a definitive agreement with KKR (KKR) to form a joint venture that will invest about $2.7 billion Canadian dollars ($1.94 billion) to fund the expansion of the Aspen Point and Sunrise programs on the Westcoast natural gas pipeline system, the company said Thursday. Separately, KKR has agreed to settle for $250 million a US Department of Justice lawsuit accusing the firm of repeatedly violating federal pre-merger filing rules, the regulator said Wednesday. KKR shares rose 0.7%.Toronto-Dominion Bank (TD) shares climbed 1.6% after the company reported higher fiscal Q3 adjusted earnings and revenue.

$BAC$GS$JPM$KKR$MS$TD$UBS
Sectors

Sector Update: Financial Stocks Decrease Thursday Afternoon

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.4%.The Philadelphia Housing Index was falling 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.6%.Bitcoin (BTC-USD) was rising 2% to $80,568, and the yield for 10-year US Treasuries was steady at 4.664%.In economic news, the advance international trade in goods deficit widened to $118.81 billion in July from $101.41 billion in June, according to data released by the US Census Bureau. This was a wider gap than the $100.5 billion deficit expected in a survey compiled by Bloomberg.US initial jobless claims fell to 203,000 in the week ended Aug. 22 from an upwardly revised 207,000 in the previous week, in contrast with expectations for an increase to 208,000 in a survey of analysts compiled by Bloomberg.In corporate news, JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS) and Morgan Stanley (MS) are clashing over pending changes to the Federal Reserve's capital surcharge on global systemically important banks, or GSIB, Reuters reported. The Federal Reserve proposed changes to the surcharge in March, including revised policies on short-term wholesale funding, to make the levy more risk-sensitive, the report said. Sources said JPMorgan and Bank of America argued that the proposal would benefit rivals Morgan Stanley and Goldman Sachs, Reuters reported. JPMorgan shares were down 0.4%, Bank of America shed 1%, Goldman rose 0.1%, and Morgan Stanley advanced 0.4%.Enbridge (ENB) has entered into a definitive agreement with KKR (KKR) to form a joint venture that will invest about $2.7 billion Canadian dollars ($1.94 billion) to fund the expansion of the Aspen Point and Sunrise programs on the Westcoast natural gas pipeline system, the company said Thursday. Separately, KKR has agreed to settle for $250 million a US Department of Justice lawsuit accusing the firm of repeatedly violating federal pre-merger filing rules, the regulator said Wednesday. KKR shares rose 1%.Toronto-Dominion Bank (TD) shares were up 1% after the company reported higher fiscal Q3 adjusted earnings and revenue.

$BAC$GS$JPM$KKR$MS$TD
Sectors

Sector Update: Financial

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.4%.The Philadelphia Housing Index was falling 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.6%.Bitcoin (BTC-USD) was rising 2% to $80,568, and the yield for 10-year US Treasuries was steady at 4.664%.In corporate news, JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS) and Morgan Stanley (MS) are clashing over pending changes to the Federal Reserve's capital surcharge on global systemically important banks, or GSIB, Reuters reported. The Federal Reserve proposed changes to the surcharge in March, including revised policies on short-term wholesale funding, to make the levy more risk-sensitive, the report said. Sources said JPMorgan and Bank of America argued that the proposal would benefit rivals Morgan Stanley and Goldman Sachs, Reuters reported. JPMorgan shares were down 0.5%, Bank of America shed 0.9%, Goldman rose 0.2%, and Morgan Stanley advanced 0.5%.

$BAC$GS$JPM$MS
Wire

Market Chatter: Major US Banks Clash Over Fed's GSIB Capital Surcharge Revision

JPMorgan Chase (JPM), Bank of America (BAC), Goldman Sachs (GS) and Morgan Stanley (MS) are clashing over pending changes to the Federal Reserve's capital surcharge on global systemically important banks, or GSIB, Reuters reported Thursday, citing documents and sources familiar with the matter.The Federal Reserve proposed changes to the surcharge in March, including revised policies on short-term wholesale funding, to make the levy more risk-sensitive, according to the report. Sources said JPMorgan and Bank of America argued that the proposal would benefit rivals Morgan Stanley and Goldman Sachs.JPMorgan sent a letter to the Federal Reserve in June, estimating that it would miss out on $13 billion in extra capital relief under the proposed revision, while Bank of America would miss out on $9 billion. Morgan Stanley and Goldman Sachs, meanwhile, would realize an additional $1 billion to $2 billion in relief, Reuters said.The dispute could complicate the Federal Reserve's effort to finalize the broader capital-rule changes before 2027, according to the report.The banks did not immediately respond to' requests for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $353.16, Change: $-3.34, Percent Change: -0.94%

$BAC$GS$JPM$MS
Nvidia's Second-Quarter Results More Than Double Amid Record Data Center Sales
US Markets

Nvidia's Second-Quarter Results More Than Double Amid Record Data Center Sales

Nvidia's (NVDA) fiscal second-quarter results more than doubled from a year ago and topped Wall Street expectations amid record data center sales.The technology bellwether's revenue climbed 106% annually to $96.22 billion, exceeding the consensus on FactSet indicating $92.27 billion. Adjusted per-share earnings increased to $2.22 in the three months ended July 26 from $1.01 a year earlier. Analysts expected $2.11.Data center revenue jumped 117% to a record $89.02 billion, driven by its Blackwell Ultra graphics processing unit infrastructure, Chief Financial Officer Colette Kress said. Consensus pointed to $86.30 billion in data center sales."AI has reached its inflection point. It's doing useful work. Its tokens are productive and profitable. Now, compute is revenue," Chief Executive Jensen Huang said in a statement. "The AI infrastructure buildout is at full steam. Vera Rubin, now in full production, was built to power exactly this moment."Vera Rubin is Nvidia's next-generation AI supercomputing platform.Hyperscale revenue rallied 102% from the prior-year quarter, while the AI cloud, industrial and enterprise segment surged 138%."Nvidia has become both the largest direct beneficiary and one of the best real-time indicators of AI infrastructure investment," Ivan Feinseth, chief market strategist at Tigress Financial Intelligence, said in a note to clients this week.For the fiscal third quarter, the company expects consolidated revenue of $108 billion, plus or minus 2%. Wall Street expects $104.86 billion.Wedbush Analyst Matt Bryson expected Nvidia's third-quarter revenue guidance to top expectations, according to a note sent to clients ahead of Wednesday's release. Bryson reiterated his outperform rating and a $330 price target on the company."We again expect (Nvidia) to exceed its guidance and to guide October above Street, given a strong hyperscale spending backdrop that firmed further through (second-quarter) earnings, and a supply position we continue to view as the best in the industry at a point where component and material access, not end demand, is defining shipments," the analyst said.The chipmaker's stock slipped 0.3% in after-hours trading, and had gained about 12% this year through Wednesday close.Earlier in August, Nvidia said it partnered with six major financial institutions to launch compute financing platforms aimed at raising over $500 billion in third-party capital to support its AI infrastructure. Those six firms are Apollo (APO), BlackRock (BLK), Blackstone (BX), Brookfield (BAM), Goldman Sachs (GS) and KKR (KKR).Previously, Nvidia agreed to expand its partnership with South Korean conglomerate SK Group with a more than $500 billion AI infrastructure initiative.In August, chipmaker Advanced Micro Devices (AMD) posted fiscal second-quarter results that beat estimates and issued third-quarter revenue guidance above Wall Street's views.Intel's (INTC) second-quarter results topped analysts' consensus in July. Semiconductor manufacturer Broadcom (AVGO) is scheduled to report fiscal third-quarter results Sept. 2.

$AMD$APO$AVGO$BAM$BLK$BX$GS$INTC$KKR$NVDA
Wire

Market Chatter: Buyout Firms Consider Bids for Siemens Energy's Steam Turbine

Siemens Energy's steam turbine business could draw majority-stake bids from investment firms CVC Capital and EQT (EQT) AB, Bloomberg reported Tuesday, citing people familiar with the matter.Its Transformation of Industry division may attract offers from Bain Capital (BCSF), Brookfield (BN), and KKR (KKR), according to the report.The company's board of directors is set to meet on Tuesday to discuss possible divestments, while buyout firms' offers remain uncertain, sources told the news agency. The Transformation of Industry division could reportedly be valued at more than 10 billion euros ($11.67 billion)."No decisions have been made. We will communicate any material developments," a Siemens Energy spokesperson told. Siemens' financial adviser for the potential deals is Goldman Sachs (GS).Bain Capital, KKR, and CVC declined to comment, while EQT, Brookfield, and Goldman Sachs did not immediately respond to requests for feedback.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

$BCSF$BN$EQT$GS$KKR
Wire

Market Chatter: Goldman Sachs Works With Siemens Energy Over Steam Turbine Business Stake Sale

Goldman Sachs (GS) is working with Siemens Energy over the latter's planned sale of a majority stake in the steam turbine business, Bloomberg reported Monday, citing people familiar with the matter.A board meeting is scheduled for Tuesday on how the company will proceed with the sale, sources told the media outlet.Private equity firms, including CVC Capital Partners and Bain Capital, are potential suitors for the business valued at an estimated $11.7 billion, people told Bloomberg.Goldman Sachs did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $1031.19, Change: $-8.09, Percent Change: -0.78%

$GS
Sectors

Sector Update: Financial Stocks Climb Late Afternoon

Financial stocks advanced in late Friday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each adding 1%.The Philadelphia Housing Index increased 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was slightly higher.Bitcoin (BTC-USD) popped 6.1% to $77,144, and the yield for 10-year US Treasuries rose 3.8 basis points to 4.74%.In economic news, Bureau of Labor Statistics data revealed that the unemployment rate fell in 10 US States in July and remained steady elsewhere. The largest unemployment rate declines were observed in South Carolina, Ohio, Illinois, Washington, Pennsylvania, New York, and Rhode Island. The national unemployment rate was reported at 4.1% in July, down from 4.2% in June.The August flash reading of manufacturing conditions from S&P Global fell to 53.2 from 53.9 in July, compared with expectations for no change in a survey compiled by Bloomberg. The index for services conditions rose to 56.8 in August from 54.6 in July, compared with expectations for a decrease to 54.In corporate news, the US Securities and Exchange Commission has sued former Bank of America (BAC) investment banker Jason Satsky for tipping insider information to a friend, who allegedly made $18.5 million in illegal profits, Bloomberg reported. Satsky, who previously worked as Bank of America's head of energy and power infrastructure banking, tipped Gavin Wolfe about an acquisition proposal for South Jersey Industries in Nov. 2021, the report said. Bank of America shares were down 0.2%.Apollo Global Management (APO) said in a letter Friday that a social-engineering attack targeted some cloud platforms between July 6 and July 10, resulting in a data breach. The company said information potentially impacted by the incident included names, dates of birth, contact information, home addresses, and Social Security numbers. Apollo shares were up 2%.Goldman Sachs (GS) is gaining ground in India's government share-sale market, securing mandates for five of the 10 major transactions since the latest divestment wave began in December, Bloomberg reported. Goldman shares rose 3.6%.KKR (KKR), alongside Dragoneer Investment and insurance distributor Amwins, has agreed to buy Steadfast in a deal worth about 7.7 billion Australian dollars ($5.52 billion), the Australian insurance broking giant said Friday. KKR shares added 1.6%.

$APO$BAC$GS$KKR
Sectors

Sector Update: Financial Stocks Rise in Afternoon Trading

Financial stocks advanced in Friday afternoon trading, with the NYSE Financial Index rising 0.8% and the State Street Financial Select Sector SPDR ETF (XLF) up 0.7%.The Philadelphia Housing Index added 0.9%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) eased 0.1%.Bitcoin (BTC-USD) popped 6% to $77,370, and the yield for 10-year US Treasuries rose 4.2 basis points to 4.74%.In economic news, the Bureau of Labor Statistics said that the unemployment rate fell in 10 states in July and held steady elsewhere as the national jobless rate declined to 4.1% from 4.2% in June.The August flash reading of manufacturing conditions from S&P Global declined to 53.2 from 53.9 in July, compared with expectations for no change in a survey compiled by Bloomberg.The index for services conditions rose to a 20-month high reading of 56.8 in August from 54.6 in July, compared with expectations for a decrease to 54.0.In corporate news, Apollo Global Management (APO) said in a letter Friday that a social-engineering attack targeted some cloud platforms between July 6 and July 10, resulting in a data breach. The company said information potentially impacted by the incident included names, dates of birth, contact information, home addresses, and Social Security numbers. Apollo shares were up 2%.Goldman Sachs (GS) is gaining ground in India's government share-sale market, securing mandates for five of the 10 major transactions since the latest divestment wave began in December, Bloomberg reported. Goldman shares rose 2.7%.KKR (KKR), alongside Dragoneer Investment and insurance distributor Amwins, has agreed to buy Steadfast in a deal worth about 7.7 billion Australian dollars ($5.52 billion), the Australian insurance broking giant said Friday. KKR shares added 1.2%.

$APO$GS$KKR
Sectors

Sector Update: Financial Stocks Advance Pre-Bell Friday

Financial stocks were advancing pre-bell Friday, with the State Street Financial Select Sector SPDR ETF (XLF) up 0.5%.The Direxion Daily Financial Bull 3X Shares (FAS) was 1.3% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 1.1%.KKR (KKR), with Dragoneer Investment Group (DGNR) and insurance distributor Amwins, agreed to acquire Steadfast Group in a deal worth approximately 7.7 billion Australian dollars ($5.52 billion), the Australian insurance broking giant said. KKR shares were up more than 2% premarket.Goldman Sachs (GS) is gaining ground in India's government share-sale market, securing mandates for five of the 10 major transactions since the latest divestment wave began in December, Bloomberg reported. Goldman Sachs stock was 1% higher pre-bell.Citigroup (C) may be added to the group of investment banks advising Anthropic on a potential initial public offering, joining Morgan Stanley (MS), Goldman Sachs and JPMorgan Chase (JPM), Bloomberg reported. Citigroup shares were up more than 1% premarket.

$C$FAS$FAZ$GS$JPM$KKR$MS$XLF
Sectors

Sector Update: Financial Stocks Mixed Tuesday

Financial stocks were mixed Tuesday with the NYSE Financial Index little changed, erasing earlier gains, and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.5%.The Philadelphia Housing Index fell 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) dropped 0.5%.Bitcoin (BTC-USD) rose 0.4% to $64,713, and the yield for 10-year US Treasuries fell 1.8 basis points to 4.706%.In economic news, US housing starts fell more than expected in July amid declines in both single and multifamily units, while building permits jumped to a five-month high, government data showed.US pending home sales dropped 2.3% in July from June, data from the National Association of Realtors showed, while the consensus was for sales to be flat in a survey compiled by Bloomberg.In sector news, Amazon.com-backed (AMZN) Anthropic's revolving credit facility is close to surpassing its $10 billion target as the AI company prepares for its initial public offering, Bloomberg reported.In corporate news, Klarna (KLAR) shares tumbled 23% after the company cut its 2026 revenue outlook and announced the departures of the chief financial officer and the chief marketing officer, effective early 2027.KKR (KKR) offered to buy natural gas and electricity distributor UGI (UGI) for $42.50 a share, or $9 billion, the Wall Street Journal reported. KKR shares fell 1.5%.Goldman Sachs (GS) agreed to buy commercial real estate investor LCN Capital Partners for up to $410 million, Bloomberg reported, Goldman shares dropped 1.1%.Blackstone-backed (BX) QTS Realty Trust units began a high-grade bond sale to help fund the construction of a data center tied to Microsoft (MSFT), Bloomberg reported. Blackstone shares were little changed.

$BX$GS$KKR$KLAR
Sectors

Sector Update: Financial Stocks Mixed Tuesday Afternoon

Financial stocks were mixed in Tuesday afternoon trading, with the NYSE Financial Index fractionally lower and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.5%.The Philadelphia Housing Index was falling 1.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.3%.Bitcoin (BTC-USD) was increasing 0.4% to $64,735, and the yield for 10-year US Treasuries was declining 1.2 basis points to 4.712%.In economic news, the 30-year government bond yield hovered close to levels seen around the 2007 global financial crisis. The 30-year yield hovered at around 5.29% after touching 5.34% intraday, the highest since 2007. The increase in the 30-year yield to a 19-year high comes amid concerns that an imminent escalation in the Middle East sent Brent crude prices above $90 a barrel and will fan fears of inflation, according to a D.A. Davidson research note Tuesday.In sector news, Amazon.com-backed (AMZN) Anthropic's revolving credit facility is close to surpassing its $10 billion target as the AI company prepares for its initial public offering, Bloomberg reported. Anthropic's proposed expansion of its revolver is drawing banks seeking to boost their odds for roles in the IPO, the report said. Talks are ongoing, and the company may opt to limit the size of the revolver to the target or below, the report said.In corporate news, KKR (KKR) has offered to buy natural-gas and electricity distributor UGI (UGI) for $42.50 a share, or roughly $9 billion, The Wall Street Journal reported. KKR shares were down 1.4%.Goldman Sachs (GS) agreed to buy commercial real estate investor LCN Capital Partners for up to $410 million, Bloomberg reported, citing Marc Nachmann, head of Goldman's wealth- and asset-management division. Goldman shares were shedding 1.6%.Blackstone-backed (BX) QTS Realty Trust units began a high-grade bond sale to help fund the construction of a data center tied to Microsoft (MSFT), Bloomberg reported. Blackstone shares were down 0.6%.

$BX$GS$KKR
Sectors

Sector Update: Financial Stocks Decline Monday Afternoon

Financial stocks were lower in Monday afternoon trading, with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each decreasing 0.4%.The Philadelphia Housing Index was shedding 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.8%.Bitcoin (BTC-USD) was increasing 2.3% to $64,263, and the yield for 10-year US Treasuries was rising 1.8 basis points to 4.714%.In economic news, the National Association of Home Builders' monthly housing market index rose to 35 in August from 34 in July, compared with expectations for a decline to 33 in a Bloomberg-compiled poll.The New York Federal Reserve's Empire State manufacturing index rose to 20.6 in August from 15.6 in July, compared with an expected decrease to 10.0 in a Bloomberg-compiled survey. The Empire State index is the first manufacturing sector reading for August and suggests expansion is picking up pace.In sector news, Jane Street posted $15 billion in losses last month as AI-focused hedge fund Situational Awareness swooned and dragged down asset prices across equity markets, Bloomberg reported. Jane Street, which invests in Situational Awareness and directly in AI ventures, suffered a rare and severe down month in July amid volatile markets. Wrong-way bets on options tied to Chinese markets also contributed to the losses, the report said.In corporate news, Ares Management (ARES) is set to take control of UK broadband provider Toob and inject fresh equity into the struggling company backed by the UK's National Wealth Fund, Bloomberg reported. Ares shares were down 1.9%.Intel (INTC) and Goldman Sachs (GS) are among the investors in AI video generation platform Higgsfield's recent $400 million funding round, pushing its valuation to $5.40 billion, the Financial Times reported. Goldman shares added 0.8%.Equinor (EQNR) agreed to acquire 88% of Lackawanna Energy Center's Class A shares for $940 million from funds managed by BlackRock's (BLK) Global Infrastructure Partners. BlackRock shares were shedding 1.5%.

$ARES$BLK$GS
Wire

JPMorgan Chosen by General Atlantic to Lead IPO

JPMorgan Chase (JPM) was selected by General Atlantic to lead its initial public offering, multiple news outlets reported Monday.The investment firm has also hired Morgan Stanley (MS) and Goldman Sachs (GS) for the IPO, which could occur as soon as this year, the reports said.The companies didn't immediately reply to requests for comment from.Price: $364.57, Change: $+1.73, Percent Change: +0.48%

$GS$JPM$MS

Showing 1-20 of 184

Track with the FINWIRES app suite

FolioX
FolioX
Track Goldman Sachs in your portfolio
WheelAI
WheelAI
Analyze Goldman Sachs options with the wheel strategy
StockInsider
StockInsider
See market sentiment on Goldman Sachs