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Sectors

Sector Update: Financial

Financial stocks were lower late Monday afternoon, with the NYSE Financial Index falling 1% and the State Street Financial Select Sector SPDR ETF (XLF) off 0.7%.The Philadelphia Housing Index dropped 3.2%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was shedding 0.8%.Bitcoin (BTC-USD) was increasing 1.7% to $79,950, and the yield for 10-year US Treasuries rose 6.8 basis points to 4.45%.In corporate news, Boyd, which is backed by Goldman Sachs (GS) Asset Management, is offering a deeply discounted loan to refinance its capital structure following the sale of its liquid-cooling business to Eaton (ETN), Bloomberg reported. Goldman shares were down 2.2%.

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Wire

Market Chatter: Goldman Sachs-Backed Boyd Offers Deeply Discounted Loan

Boyd Corp., backed by Goldman Sachs Asset Management, is offering a deeply discounted loan to refinance its capital structure following the sale of its liquid-cooling business to Eaton (ETN), Bloomberg reported Monday.Initial talks on its $530 million loan involve an interest rate 4.5 percentage points above benchmark, that is being offered at a discounted price of as low as 92 cents on the dollar, the report said, citing a person with knowledge of the matter.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: $904.16, Change: $-19.56, Percent Change: -2.12%

$ETN$GS
Wire

Amazon-Backed Anthropic, Blackstone, Hellman & Friedman, Goldman Sachs Form Enterprise AI Services Firm

Anthropic, which is backed by Amazon (AMZN), Blackstone (BX), Goldman Sachs (GS), and Hellman & Friedman said Monday they established a standalone enterprise services firm to integrate the Claude artificial intelligence platform into core business operations.The new venture is backed by a consortium of alternative asset managers and will prioritize accelerating technology adoption for mid-size companies, the companies said.Its engineers will work in close coordination with Anthropic's research and product teams to build systems that evolve as the underlying technology improves, they said.Price: $271.73, Change: $+3.31, Percent Change: +1.23%

$AMZN$BX$GS
Wire

Street Color: Goldman Sachs, Blackstone, Anthropic, Hellman & Friedman Form New AI Services Entity

Street Color: Goldman Sachs, Blackstone, Anthropic, Hellman & Friedman Form New AI Services Entity

$AMZN$BX$GS
Wire

Sector Update: Financial Stocks Rise Monday Afternoon

Financial stocks were advancing in Monday afternoon trading, with the NYSE Financial Index increasing 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) adding 0.7%.The Philadelphia Housing Index rose 0.4%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was decreasing 0.6%.Bitcoin (BTC-USD) was falling 2.4% to $76,783, and the yield for 10-year US Treasuries was rising 3.2 basis points to 4.34%.In corporate news, Citigroup (C) plans to strengthen its investment banking divisions in Japan and China by recruiting upper-level executives to capture additional buyout opportunities, Reuters reported, citing the firm's regional division head, Kaustubh Kulkarni. Citi shares added 0.4%.Goldman Sachs' (GS) Goldman Sachs Alternatives participated as the lead investor in Kashable's $60 million Series C funding round, Kashable said Monday. Goldman Sachs Alternatives participated with up to $50 million, which includes an initial $25 million investment and $25 million to be funded in coming months, subject to conditions, Kashable said. Goldman shares added 0.6%.Oppenheimer (OPY) shares rose 4% after the company said its Oppenheimer & Co. unit agreed to pay $70 million to settle a class-action lawsuit tied to its cash sweep program, avoiding a trial where damages could have exceeded $440 million.

$C$GS$OPY
Insider Trading

Goldman Sachs Group Insider Sold Shares Worth $1,044,782, According to a Recent SEC Filing

Alex S Golten, Chief Risk Officer, on April 23, 2026, sold 1,116 shares in Goldman Sachs Group (GS) for $1,044,782. Following the Form 4 filing with the SEC, Golten has control over a total of 2,578 common shares of the company, with 2,578 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/886982/000205084926000015/xslF345X05/wk-form4_1777061036.xml

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Sectors

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were lower late Wednesday afternoon, with the NYSE Financial Index decreasing 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.3%.The Philadelphia Housing Index rose 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 1%.Bitcoin (BTC-USD) was increasing 3.5% to $78,958, and the yield for 10-year US Treasuries was slightly higher at 4.29%.In corporate news, Prudential Financial (PRU) shares fell 1.5% after Barclays downgraded the stock to underweight from equalweight and cut its price target to $91 per share from $110. Jefferies also downgraded the stock to hold from buy and cut its price target to $98 per share from $124.Goldman Sachs (GS) has reached an agreement to settle a shareholder class action linked to the 1Malaysia Development, or 1MDB, scandal, Bloomberg reported, citing a letter from Goldman and lead plaintiff Sjunde AP-Fonden to US District Judge Vernon Broderick. Goldman shares rose 0.7%.Toronto-Dominion Bank (TD) is considering a rare type of significant risk transfer to hedge against current and future data center debt, Bloomberg reported. Toronto-Dominion Bank shares were down 0.7%.HSBC (HSBC) has shortlisted Allianz, Daiichi Life, and Sumitomo Life Insurance as potential buyers of its Singapore insurance business, Bloomberg reported. HSBC shares eased 0.1%.

$GS$HSBC$PRU$TD
Sectors

Sector Update: Financial

Financial stocks were lower late Wednesday afternoon, with the NYSE Financial Index decreasing 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.3%.The Philadelphia Housing Index rose 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 1%.Bitcoin (BTC-USD) was increasing 3.5% to $78,958, and the yield for 10-year US Treasuries was slightly higher at 4.29%.In corporate news, Goldman Sachs (GS) has reached an agreement to settle a shareholder class action linked to the 1Malaysia Development, or 1MDB, scandal, Bloomberg reported, citing a letter from Goldman and lead plaintiff Sjunde AP-Fonden to US District Judge Vernon Broderick. Goldman shares rose 0.5%.

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Wire

Market Chatter: Goldman Sachs to Settle Class Action Lawsuit Over 1MDB

Goldman Sachs (GS) has reached an agreement to settle a shareholder class action linked to 1Malaysia Development Berhad, or 1MDB, scandal, Bloomberg reported Wednesday, citing a letter from Goldman and lead plaintiff Sjunde AP-Fonden to US District Judge Vernon Broderick.The lawsuit alleged that Goldman Sachs and its former executives misled shareholders about its involvement in the 1MDB scandal, according to the report.The letter stated that the parties have agreed to settle the lawsuit "in its entirety," and will file an agreement by May 20, the media outlet reported, citing the letter.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: $933.14, Change: $+6.59, Percent Change: +0.71%

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Wire

Update: Market Chatter: Netflix in Talks to Buy Los Angeles Movie Studio Space

(Updates with Netflix and Goldman Sachs' responses in the fourth paragraph.)Netflix (NFLX) is in talks to purchase a historic Los Angeles movie studio space for a fragment of its 2021 sale price of $1.85 billion, after the property was repossessed by lenders including Goldman Sachs (GS), Bloomberg reported Tuesday, citing people familiar with the discussions.The final price for Radford Studio Center has not been decided yet, with one person involved in the talks mentioning that the potential price will be less than one-third of the 2021 price, the report said.Hackman Capital Partners, who currently own the property, defaulted on $1.11 billion of debt and handed over the property to lenders including Goldman Sachs after it failed to reach a refinancing deal last year, according to the news outlet.Netflix and Goldman Sachs declined to comment to.(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: $93.24, Change: $+0.66, Percent Change: +0.71%

$GS$NFLX
Wire

Market Chatter: Netflix in Talks to Buy Los Angeles Movie Studio Space

Netflix (NFLX) is in talks to purchase a historic Los Angeles movie studio space for a fragment of its 2021 sale price of $1.85 billion, after the property was repossessed by lenders including Goldman Sachs (GS), Bloomberg reported Tuesday, citing people familiar with the discussions.The final price for Radford Studio Center has not been decided yet, with one person involved in the talks mentioning that the potential price will be less than one-third of the 2021 price, the report said.Hackman Capital Partners, who currently own the property, defaulted on $1.11 billion of debt and handed over the property to lenders including Goldman Sachs after it failed to reach a refinancing deal last year, according to the news outlet.Netflix 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: $93.11, Change: $+0.53, Percent Change: +0.57%

$GS$NFLX
Sectors

Sector Update: Financial Stocks Decline Wednesday Afternoon

Financial stocks were lower Wednesday afternoon, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) down 0.2%.The Philadelphia Housing Index rose 1.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was down 0.8%.Bitcoin (BTC-USD) was increasing 4.1% to $78,952, and the yield for 10-year US Treasuries was slightly higher at 4.29%.In corporate news, Toronto-Dominion Bank (TD) is considering a rare type of significant risk transfer to hedge against current and future data center debt, Bloomberg reported. Toronto-Dominion Bank shares were down 0.3%.Goldman Sachs' (GS) alternatives arm invested $50 million in BLP Digital, a Swiss AI firm that develops software to automate financial processes, such as invoicing and internal reporting, BLP co-founder Tim Beck told Bloomberg in an interview Wednesday. Goldman shares were up 0.8%.HSBC (HSBC) has shortlisted Allianz, Daiichi Life, and Sumitomo Life Insurance as potential buyers of its Singapore insurance business, Bloomberg reported. HSBC shares added 0.1%.

$GS$HSBC$TD
Insider Trading

Goldman Sachs Group Insider Sold Shares Worth $1,024,895, According to a Recent SEC Filing

Alex S Golten, Chief Risk Officer, on April 17, 2026, sold 1,115 shares in Goldman Sachs Group (GS) for $1,024,895. Following the Form 4 filing with the SEC, Golten has control over a total of 3,694 common shares of the company, with 3,694 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/886982/000205084926000012/xslF345X05/wk-form4_1776801830.xml

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Treasury

US Supreme Court Lets Muni Bond Price-Fixing Class Action Proceed Against Major Banks

The US Supreme Court refused to block a class-action suit accusing eight major banks of fixing prices on state and municipal bonds, news outlets reported Monday.The court rejected the banks' appeal and upheld an earlier court decision to certify the class action filed by cities including Baltimore, Philadelphia, and San Diego, according to the reports. The banks involved in the lawsuit are Bank of America, (BAC), JPMorgan Chase (JPM), Citigroup (C), Morgan Stanley (MS), Goldman Sachs Group (GS), Barclays (BCS), Royal Bank of Canada (RY), and Wells Fargo (WFC).The cities claimed that the banks colluded from 2008 to 2016 to raise rates on variable-rate demand bonds, the reports said. The suit is seeking $12 billion in damages, while Bloomberg Intelligence senior litigation analysts said the case could settle for about $770 million, a Bloomberg News report said.The eight banks did not immediately respond to requests for comment from.Price: $53.37, Change: $-0.54, Percent Change: -1.01%

$BAC$BCS$C$GS$JPM$MS$RY$WFC
US Markets

Big Banks Delivered Strong Capital Markets Performance in First Quarter, RBC Says

Major US banks delivered stronger-than-expected capital markets revenue in the first quarter amid solid gains in advisory and equities trading, RBC Capital Markets said in a note sent to clients Thursday.The combined capital markets revenue of JPMorgan Chase (JPM), Bank of America (BAC), Citigroup (C), Goldman Sachs (GS), and Morgan Stanley (MS) climbed nearly 20% year over year, according to the brokerage.Their aggregate advisory revenue soared 68%, led by Goldman, RBC said. Total investment baking fees increased 31% from the year-ago quarter, including a boost from equity capital markets."We saw increased advisory revenues due the large deals announced in 2025 that closed in (the first quarter of 2026) and ECM revenues benefited from increased follow-on and convertible offerings," Gerard Cassidy, co-head of global financials research at RBC, said in the note.Equities trading rallied about 26%, with Citigroup logging the strongest performance and JPMorgan showing the smallest gain among the five banks.The banks' combined fixed income, currencies, and commodities revenue grew 10%, Cassidy said. All five banks except for Goldman achieved year-over-year growth in FICC.The lenders were "cautiously optimistic" about investment banking activity in the near term, factoring in macroeconomic and geopolitical uncertainties, according to the brokerage.The deadline for the expiration of a two-week ceasefire between the US and Iran is close. The White House is optimistic about reaching a deal with Tehran, noting that a potential second round of talks would likely be held in Pakistan. Prior peace negotiations in Islamabad ended without a deal last weekend."Many of the investment banks pointed to solid backlogs in (the first quarter) which we believe could be monetized in less volatile market conditions," Cassidy said. "The longer economic uncertainty and heightened market volatility exist, however, the more difficult it will be for the companies to grow their investment banking revenues."Price: $309.39, Change: $+3.46, Percent Change: +1.13%

$BAC$C$GS$JPM$MS
Wire

Sector Update: Financial Stocks Softer Late Afternoon

Financial stocks fell in late Thursday afternoon trading with the NYSE Financial Index and the State Street Financial Select Sector SPDR ETF (XLF) each easing 0.2%.The Philadelphia Housing Index dropped 0.5%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) rose 0.8%.Bitcoin (BTC-USD) gained 0.4% to $75,140, and the yield for 10-year US Treasuries advanced 2.7 basis points to 4.309%.In economic news, US initial jobless claims last week fell to 207,000 from a downwardly revised 218,000 in the previous week, compared with expectations for a smaller decrease to 213,000 in a survey of analysts by Bloomberg.US industrial production fell by 0.5% in March, compared with expectations for a 0.1% increase in a Bloomberg survey, and following an upwardly revised 0.7% increase in February.The Philadelphia Federal Reserve's monthly manufacturing index rose to 26.7 in April after increasing to 18.1 in March, compared with expectations for a decline to 10 in a survey compiled by Bloomberg.The New York Federal Reserve's services index improved to minus 14 in April from minus 22.6 in March, compared with minus 20 expected in a survey compiled by Bloomberg.In regulatory news, the US Securities and Exchange Commission is seeking public comment in support of a comprehensive review of the Consolidated Audit Trail and other such audit trails used in the regulation of the country's securities markets.In corporate news, Charles Schwab's (SCHW) Q1 results rose amid a surge in client assets, even as revenue fell short of Wall Street's estimates. The shares fell 7.7%.Goldman Sachs (GS) rates-trading business faced pressure in Q1 as Iran-related market volatility led to losses on certain positions, Reuters reported. The bank posted a 10% drop in fixed-income, currencies and commodities revenue to $4 billion, driven by weaker results in interest-rate trading, mortgages, and credit products, the report said. Goldman shares were little changed.Marsh & McLennan (MRSH) shares climbed 4.6% after the company reported Q1 adjusted net income and revenue that surpassed analysts' estimates.The National Basketball Association is in early discussions with private credit firms, including Apollo Global Management (APO), Ares Management (ARES) and Sixth Street about funding a potential European basketball league expansion, Bloomberg reported. Apollo shares rose 0.1%, and Ares fell 2.7%.

$APO$ARES$GS$MRSH$SCHW
Wire

Sector Update: Financial Stocks Decline in Afternoon Trading

Financial stocks were lower in Thursday afternoon trading, with the NYSE Financial Index decreasing 0.3% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.2%.The Philadelphia Housing Index was fractionally higher, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was adding 0.6%.Bitcoin (BTC-USD) was declining 0.9% to $74,152, and the yield for 10-year US Treasuries was rising 2.3 basis points to 4.305%.In economic news, US initial jobless claims fell to a level of 207,000 in the week ended April 11 from a downwardly revised 218,000 level in the previous week, compared with expectations for a smaller decrease to 213,000 in a survey of analysts compiled by Bloomberg.US industrial production fell by 0.5% in March, compared with expectations for a 0.1% increase in a Bloomberg-compiled survey, and following an upwardly revised 0.7% increase in February.The Philadelphia Federal Reserve's monthly manufacturing index rose further to 26.7 in April after increasing to 18.1 in March, compared with expectations for a decline to a reading of 10 in a survey compiled by Bloomberg.The New York Federal Reserve's services index improved to minus 14.0 in April from minus 22.6 in March, compared with a smaller expected increase to a reading of minus 20.0 in a survey compiled by Bloomberg.In corporate news, Charles Schwab's (SCHW) Q1 results rose year over year amid a surge in client assets, even as revenue fell short of Wall Street's estimates. Its shares fell nearly 6%.Goldman Sachs (GS) rates trading business faced pressure in Q1 as Iran-related market volatility led to losses on certain positions, Reuters reported. The bank posted a 10% drop in fixed-income, currencies and commodities revenue to $4 billion, driven by weaker results in interest rate trading, mortgages, and credit products, according to the report. Goldman shares were up 0.6%.The National Basketball Association is in early discussions with private credit firms, including Apollo Global Management (APO), Ares Management (ARES) and Sixth Street about funding a potential European basketball league expansion, Bloomberg reported. Apollo shares rose 1.2%, and Ares was down 1.5%.

$APO$ARES$GS$SCHW
US Markets

Morgan Stanley's Quarterly Results Beat Estimates Amid Investment Banking, Trading Gains

Morgan Stanley (MS) on Wednesday posted stronger-than-expected first-quarter results as sharp gains in investment banking and trading activity helped boost revenue to a record.Earnings per share jumped to $3.43 for the March quarter from $2.60 a year earlier and surpassed the FactSet-polled consensus of $3. Revenue climbed 16% to $20.58 billion, while analysts expected $19.74 billion.Revenue in the institutional securities division rose to $10.72 billion from $8.98 billion in the prior-year period, driven by a 36% surge in investment banking to $2.12 billion. Equity and fixed income groups also posted strong gains, at 25% and 29%, respectively.Wealth management revenue advanced 16% to a record $8.52 billion."Institutional securities benefited from robust client engagement and strength globally," Chief Executive Ted Pick said in a statement. "Wealth Management demonstrated continued momentum, with net new assets of $118 billion and fee-based asset flows of $54 billion."Shares of Morgan Stanley were up 5.5% intraday. The stock has risen 8.9% so far this year.Bank of America (BAC) reported its first-quarter performance on Wednesday, with both earnings and revenue topping market estimates amid double-digit gains in investment banking and asset management fees.JPMorgan Chase (JPM) and Citigroup (C) reported better-than-expected first-quarter results on Tuesday, while Wells Fargo's (WFC) revenue missed market views. On Monday, Goldman Sachs (GS) posted financials above Street projections.Price: $192.50, Change: $+9.16, Percent Change: +5.00%

$BAC$C$GS$JPM$MS$WFC
US Markets

Citigroup Beats First-Quarter Views as Revenue Surges

Citigroup's (C) first-quarter results came in stronger than Wall Street's expectations amid double-digit gains in fixed income and investment banking revenue.Earnings rose to $3.06 a share for the March quarter from $1.96 a year earlier, exceeding the FactSet-polled consensus of $2.63. Net revenue grew 14% to $24.63 billion, ahead of the Street's $23.53 billion view."We're off to an exceptionally strong start in 2026," Chief Executive Jane Fraser said in a statement Tuesday.Citigroup shares were up 3% in afternoon trade, bringing its year-to-date gains to 11%.Markets revenue surged 19% to $7.25 billion as fixed income and equity markets jumped. Revenue within the services business climbed 17% to $6.10 billion amid double-digit increases in treasury and trade solutions and in securities services.Banking revenue jumped 15% to $1.77 billion, reflecting double-digit growth in investment banking, which offset a decline in corporate lending. Wealth revenue rose 11% to $3.07 billion, while US consumer cards grew 4% to $4.76 billion.JPMorgan Chase (JPM) reported better-than-expected first-quarter results Tuesday, while Wells Fargo's (WFC) revenue missed market views. On Monday, Goldman Sachs (GS) posted first-quarter results above market estimates.For 2026, Citigroup said it continues to expect net interest income excluding markets to grow by 5% to 6% year over year, driven by sustained fee momentum in services, banking and wealth.The company remains "very much on track" to deliver its target of 10% to 11% return on tangible common equity this year, Fraser said."We've entered into the final phase of our divestitures and 90% of our transformation programs are now at or near our target state," she said.Price: $129.79, Change: $+3.51, Percent Change: +2.78%

$C$GS$JPM$WFC
US Markets

Wells Fargo First-Quarter Revenue Trails Views; CEO Sees Delayed Oil Price Shock Impact

Wells Fargo's (WFC) first-quarter revenue missed market expectations as Chief Executive Charlie Scharf said there will likely be a lag in the pass-through of higher oil prices.Consolidated sales increased 6% year over year to $21.45 billion, but fell short of the FactSet-polled consensus estimate of $21.79 billion. The lender posted earnings of $1.60 per share for the March quarter, up from $1.39 a year ago and ahead of Wall Street's $1.58 view.Shares of the bank were down 4.9% in Tuesday trade."While markets have been volatile, we still see continued resiliency in the underlying economy and the financial health of the consumers and businesses we serve remains strong, though the impact of higher oil prices will likely take some time to materialize," Scharf said in a statement.Energy prices have soared in the aftermath of the US-Israel war with Iran that has curtailed shipments through the Strait of Hormuz. While the US and Iran have agreed to a temporary ceasefire, the two sides were unable to reach a deal during negotiations in Pakistan over the weekend.JPMorgan Chase (JPM) and Goldman Sachs (GS) have posted first-quarter results above market estimates. Their executives flagged potential macro-level risks, including those stemming from geopolitical tensions, even though they stressed that the underlying economy remained resilient.Wells Fargo's net interest income rose 5% year over year to $12.1 billion, while noninterest income jumped 8% to $9.35 billion.Corporate and investment banking revenue increased 4% to $5.28 billion as gains in investment baking were countered by a decline in the commercial real estate business. Consumer banking and lending revenue increased 7% to $10 billion, while commercial banking added 7%.Price: $82.29, Change: $-4.36, Percent Change: -5.03%

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