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149 stories mentioning Goldman SachsUpdated 6h ago

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

Wire

Market Chatter: Anthropic Said to Select Goldman Sachs, Morgan Stanley to Lead IPO

Amazon-backed (AMZN) Anthropic has chosen Goldman Sachs (GS) and Morgan Stanley (MS) to lead its initial public offering, Bloomberg reported Wednesday, citing people familiar with the matter.JPMorgan Chase (JPM) is also working on the deal, the report said. Anthropic is considering going public as early as October, according to the report.The companies didn't immediately reply to requests 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: $248.36, Change: $-8.16, Percent Change: -3.18%

$AMZN$GS$JPM$MS
Wire

Anthropic Said to Select Goldman Sachs, Morgan Stanley to Lead IPO, Bloomberg Reports

Anthropic Said to Select Goldman Sachs, Morgan Stanley to Lead IPO, Bloomberg Reports

$AMZN$GS$MS
Sectors

Sector Update: Financial Stocks Fall Pre-Bell Wednesday

Financial stocks were falling pre-bell Wednesday, with the State Street Financial Select Sector SPDR ETF (XLF) declining by 0.6%.The Direxion Daily Financial Bull 3X Shares (FAS) was down 1.7% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.9% higher.Blackstone (BX) is mulling the sale of payments services provider SP.LINKS, looking to fetch about 100 billion Japanese yen ($626 million) from the transaction, Bloomberg reported, citing sources familiar with the matter. Blackstone shares were down more than 4% premarket.Apollo Global Management (APO) said its managed funds completed the sale of their stake in aluminum packaging firm Altemira Holdings to investment funds run by MBK Partners. Apollo Global Management stock was down more than 4% pre-bell.Goldman Sachs (GS) CEO David Solomon said investors are showing "more greed than there is fear" as stock markets continue to climb despite concerns over elevated valuations, rising inflation and higher oil prices. Shares of Goldman Sachs Group were down more than 1% premarket.

$APO$BX$FAS$FAZ$GS$XLF
Sectors

Sector Update: Financial Stocks Advance Late Afternoon

Financial stocks were higher in late Tuesday afternoon trading, with the NYSE Financial Index rising 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.3%.The Philadelphia Housing Index was adding 0.8%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.4%.Bitcoin (BTC-USD) was dropping 6.5% to $66,793, and the yield for 10-year US Treasuries decreased 2.4 basis points to 4.45%.In economic news, US job openings rose to 7.618 million in April, according to the Bureau of Labor Statistics, above the 6.866 million expected in a Bloomberg-compiled poll and up from the 6.887 million reported in March. The April report represents 4.6% of total employment, up from 4.2% in March and 4.3% a year earlier.Redbook US same-store sales rose by 9% from a year earlier in the week ended May 30, the same pace as in the previous week. "Customers remain highly value-driven and price sensitive," Redbook said.In corporate news, Carlyle (CG) is close to an agreement to sell Flender, a maker of mechanical and electrical drive technology, to European buyout firm Triton Partners for about 3 billion euros ($3.5 billion), Bloomberg reported. Carlyle shares were down 1.2%.SpaceX is in talks with the Wall Street bankers handling its IPO to pay less than 0.75% for the $75 billion it expects to raise from the IPO, Bloomberg reported. Even at that low spread, the banks, including Goldman Sachs (GS) and Morgan Stanley (MS), are expected to earn about $500 million from the offering, the report said. Goldman shares were up 1.7%, and Morgan Stanley climbed 2.2%.UBS (UBS) is set to raise at least $500 million in Additional Tier 1 bonds denominated in US dollars, Bloomberg reported. Bloomberg described the offering as UBS's first foray into the market since the bank's host Switzerland paused plans to tighten rules on the riskier bank debt. UBS shares rose 0.4%.BlackRock (BLK) is set to acquire a 15% stake in Japanese taxi-hailing app Go as part of the company's planned initial public offering, Nikkei Asia reported. The asset manager is expected to buy 11.8 million shares for 28 billion Japanese yen ($175 million), the report said. BlackRock shares were up 0.2%.

$BLK$CG$GS$MS$UBS
Sectors

Sector Update: Financial Stocks Advance Tuesday Afternoon

Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.2%.The Philadelphia Housing Index was adding 0.7%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.4%.Bitcoin (BTC-USD) was dropping 5.9% to $67,321, and the yield for 10-year US Treasuries was decreasing 1.6 basis points to 4.459%.In economic news, US job openings rose to 7.618 million in April, according to the Bureau of Labor Statistics, above the 6.866 million expected in a Bloomberg-compiled poll and up from the 6.887 million reported in March. The April report represents 4.6% of total employment, up from 4.2% in March and 4.3% a year earlier.Redbook US same-store sales rose by 9% from a year earlier in the week ended May 30, the same pace as in the previous week. "Customers remain highly value-driven and price sensitive," Redbook said.In corporate news, SpaceX is in talks with the Wall Street bankers handling its IPO to pay less than 0.75% for the $75 billion it expects to raise from the IPO, Bloomberg reported. Even at that low spread, the banks, including Goldman Sachs (GS) and Morgan Stanley (MS), are expected to earn about $500 million from the offering, the report said. Goldman shares were up 1.8%, and Morgan Stanley climbed 2.4%.UBS (UBS) is set to raise at least $500 million in Additional Tier 1 bonds denominated in US dollars, Bloomberg reported. Bloomberg described the offering as UBS's first foray into the market since the bank's host Switzerland paused plans to tighten rules on the riskier bank debt. UBS shares rose 0.3%.BlackRock (BLK) is set to acquire a 15% stake in Japanese taxi-hailing app Go as part of the company's planned initial public offering, Nikkei Asia reported. The asset manager is expected to buy 11.8 million shares for 28 billion Japanese yen ($175 million), the report said. BlackRock shares were down 0.2%.

$BLK$GS$MS$UBS
Sectors

Sector Update: Financial

Financial stocks were advancing in Tuesday afternoon trading, with the NYSE Financial Index rising 0.4% and the State Street Financial Select Sector SPDR ETF (XLF) increasing 0.1%.The Philadelphia Housing Index was adding 0.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 0.3%.Bitcoin (BTC-USD) was dropping 5.2% to $67,610, and the yield for 10-year US Treasuries was decreasing 1.6 basis points to 4.459%.In corporate news, SpaceX is in talks with the Wall Street bankers handling its IPO to pay less than 0.75% for the $75 billion it expects to raise from the IPO, Bloomberg reported. Even at that low spread, the banks, including Goldman Sachs (GS) and Morgan Stanley (MS), are expected to earn about $500 million from the offering, the report said. Goldman shares were up 1.9%, and Morgan Stanley climbed 2.5%.

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Wire

Market Chatter: Swiss Dental Startup vVardis Exploring US IPO With JPMorgan, Goldman

Swiss dental startup vVardis is working with JPMorgan Chase (JPM) and Goldman Sachs (GS) on a potential US initial public offering that could take place this year, Bloomberg reported Tuesday, citing people familiar with the matter.The company was valued at more than $1 billion in an April funding round and would likely seek a higher valuation in an IPO.No final decision has been made on the offering and the company's plan could still change, according to the report.JPMorgan Chase, Goldman Sachs, vVardis 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: $297.15, Change: $+0.57, Percent Change: +0.19%

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Research

Research Alert: CFRA Reiterates Buy Rating On Shares Of The Goldman Sachs Group, Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target by $90 to $1,090, using a forward P/E of 16.5x our 2027 earnings estimate compared to the three-year historical average at 14.1x. We keep our EPS estimates at $62.00 in 2026 and $66.00 in 2027, near consensus, which may undergo upward estimate revisions should we see an active IPO market over the rest of this year. Several of the mega-IPOs, such as SpaceX, are represented by GS as a lead underwriter. Markets that include equity trading continue to benefit from rising prices and market volatility. A secondary positive effect is higher fee income in the Asset & Wealth Management segment. We believe investment banking fees will also see higher transactions that boost M&A advisory fees and related financing. In late June, GS and other Global Systemically Important Banks (G-SIB) will receive the Fed's annual stress test results that direct their return of capital. Subsequently, we expect GS to authorize higher authorized share repurchases and dividend hikes that support our Buy rating.

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Wire

Update: Birkenstock Shares Rise After $250 Million ASR Agreement With Goldman Sachs

(Updates with recent stock movement in the headline and the first paragraph.)Birkenstock (BIRK) shares surged more than 20% in afternoon trading on Thursday after the company said it signed a $250 million accelerated share repurchase agreement with Goldman Sachs (GS).The footwear company said it intends to take advantage of a disconnect between its share price and underlying business fundamentals.Birkenstock said it expects to initially receive six million ordinary shares, equal to 80% of the shares covered by the agreement, based on the stock's Wednesday closing price of $33.21.The repurchase program is expected to be completed before June 30, the company said.Price: $39.89, Change: $+6.68, Percent Change: +20.11%

$BIRK$GS
Sectors

Sector Update: Consumer Stocks Lean Lower Premarket Thursday

Consumer stocks were leaning lower premarket Thursday, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) declining 0.8% and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) down 0.1%.Walmart (WMT) stock was down more than 3% even after the company reported higher fiscal Q1 adjusted earnings and revenue.Kroger (KR) Chief Executive Officer Greg Foran is looking to implement substantial price cuts to keep the company competitive, Bloomberg reported, citing an interview with the CEO. Kroger shares were down more than 4% pre-bell.Birkenstock Holding (BIRK) has signed a $250 million accelerated share repurchase agreement with Goldman Sachs (GS), the company said. Birkenstock Holding shares were up more than 8% premarket.

$BIRK$GS$KR$WMT$XLP$XLY
Sectors

Sector Update: Financial Stocks Rise Late Afternoon

Financial stocks were higher in late Wednesday afternoon trading, with the NYSE Financial Index rising 1.7% and the State Street Financial Select Sector SPDR ETF (XLF) adding 1.2%.The Philadelphia Housing Index was climbing up 3.6%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) was up 1.1%.Bitcoin (BTC-USD) was increasing 1% to $77,510, and the yield for 10-year US Treasuries dropped 9.5 basis points to 4.57%.In corporate news, Microsoft-backed (MSFT) OpenAI has been working with bankers in preparation of filing for an initial public offering in the coming days or weeks, The Wall Street Journal reported. Bankers at Morgan Stanley (MS) and Goldman Sachs (GS) have been working with OpenAI on a draft IPO prospectus the maker of ChatGPT plans to file confidentially with regulators soon, potentially as early as Friday, the report said. Morgan Stanley shares gained 4.3%, and Goldman popped 5.6%.An Ares Management (ARES) fund and the Scion Group have purchased 12 US student-housing properties for about $910 million, Bloomberg reported. Ares rose 0.8%.Apollo Global Management (APO) was asked by two teacher organizations to investigate Chief Executive Marc Rowan's apparent use of the private equity firm's resources for his work with the Trump administration in violation of company policy, Bloomberg reported, citing a letter the groups sent to the chair of Apollo's audit committee. Apollo shares were up 0.9%.Lincoln International (LCLN) shares were up 13% after the stock marked its New York Stock Exchange debut at higher than the $20-per-share initial public offering price.

$APO$ARES$GS$LCLN$MS
Wire

Goldman Sachs-Backed GridStor Buys Colorado Battery Storage Project From Accelergen

Goldman Sachs Group-backed (GS) GridStor has acquired Accelergen's 199-megawatt, 796-megawatt-hour Birdseye battery energy storage project in Colorado, GridStor said Wednesday.Financial terms of the deal were not provided.The builder and operator of battery projects said it expects the facility to begin commercial operations by the end of 2028, with construction potentially starting next year.The project could supply enough electricity during peak demand periods to serve more than 150,000 households, GridStor said.Price: $946.89, Change: $+18.14, Percent Change: +1.95%

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Sectors

Sector Update: Financial Stocks Lower in Late Afternoon Trading

Financial stocks declined in late Friday afternoon trading with the NYSE Financial Index shedding 0.7% and the State Street Financial Select Sector SPDR ETF (XLF) falling 0.3%.The Philadelphia Housing Index shed 3.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) fell 1.5%.Bitcoin (BTC-USD) declined 2.5% to $79,082, and the yield for 10-year US Treasuries jumped 13.4 basis points to 4.595%.In economic news, US industrial production rebounded more than projected in April, Federal Reserve data showed. Industrial output rose 0.7% last month following a revised 0.3% fall in March, the Fed said. The consensus was for a 0.3% increase for April in a survey compiled by Bloomberg.In corporate news, Apollo Global Management-backed (APO) West Technology is in exclusive talks for the sale of its remaining operating business as talks with debt holders continue, Bloomberg reported. Apollo shares dropped 0.5%.Goldman Sachs (GS) is assessing demand for a significant risk transfer linked to a portfolio of loans to private market funds, Bloomberg reported. Goldman shares fell 1.9%.HSBC (HSBC) has yet to deploy the $4 billion committed to its private credit strategy, with no current timeline for the planned investment, the Financial Times reported. HSBC shares dropped 2.1%.Mizuho Financial (MFG) shares fell 1.9% after the company issued fiscal 2026 earnings guidance that trailed Wall Street estimates.

$APO$GS$HSBC$MFG
Sectors

Sector Update: Financial Stocks Lower in Afternoon Trading

Financial stocks declined in Friday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.2%.The Philadelphia Housing Index was down 3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) fell 1.4%.Bitcoin (BTC-USD) was declining 2.5% to $79,348, and the yield for 10-year US Treasuries jumped 12.8 basis points to 4.59%.In economic news, US industrial production rebounded more than projected in April, buoyed the manufacturing and utilities categories, Federal Reserve data showed Friday. Industrial output rose 0.7% last month following a revised 0.3% fall in March, the Fed said. The consensus was for a 0.3% increase for April in a survey compiled by Bloomberg.In corporate news, Goldman Sachs (GS) is assessing demand for a significant risk transfer linked to a portfolio of loans to private market funds, Bloomberg reported. The lender is a regular issuer of SRTs and has used them in the past to offload risk related to private funds, the report said, adding that final terms of the transaction are being discussed with investors. Goldman shares were down 1.6%.Mizuho Financial (MFG) shares fell 1.3% after it issued fiscal 2026 earnings forecast below analysts' expectations.HSBC (HSBC) has yet to deploy the $4 billion it previously committed to its private credit strategy, with no current timeline for the planned investment, the Financial Times reported. HSBC shares were down 2%.

$GS$HSBC$MFG
Sectors

Sector Update: Financial

Financial stocks were lower in Friday afternoon trading, with the NYSE Financial Index shedding 0.5% and the State Street Financial Select Sector SPDR ETF (XLF) easing 0.1%.The Philadelphia Housing Index was falling 3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) dropped 1.4%.Bitcoin (BTC-USD) was declining 2.5% to $79,348, and the yield for 10-year US Treasuries jumped 12.8 basis points to 4.59%.In corporate news, Goldman Sachs (GS) is assessing demand for a significant risk transfer linked to a portfolio of loans to private market funds, Bloomberg reported. The lender is a regular issuer of SRTs and has used them in the past to offload risk related to private funds, the report said, adding that final terms of the transaction are being discussed with investors. Goldman shares were down 1.5%.

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Wire

Market Chatter: Goldman Sachs Exploring Risk Transfer on Private Fund Loan Portfolio

Goldman Sachs (GS) is assessing demand for a significant risk transfer linked to a portfolio of loans to private market funds, Bloomberg said Friday, citing people familiar with the matter.The lender is a regular issuer of SRTs and has used them in the past to offload risk related to private funds, the report said, adding that final terms of the transaction are being discussed with investors.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: $950.65, Change: $-18.31, Percent Change: -1.89%

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Sectors

Sector Update: Financial Stocks Edge Higher Pre-Bell Tuesday

Financial stocks were edging higher pre-bell Tuesday, with the State Street Financial Select Sector SPDR ETF (XLF) advancing by 0.1%.The Direxion Daily Financial Bull 3X Shares (FAS) was 0.7% higher and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was down 0.3%.EToro (ETOR) stock was up 0.4% after the company reported an increase in Q1 adjusted earnings.CME Group (CME) said it is partnering with Silicon Data to launch a compute futures market later this year, pending regulatory review. Shares of CME Group were 0.8% higher premarket.Goldman Sachs' (GS) private equity business within Goldman Sachs Alternatives acquired FGI Worldwide, the company said. Goldman Sachs stock was down 0.2% pre-bell.

$CME$ETOR$FAS$FAZ$GS$XLF
Wire

OpenAI Launches Deployment Company, Agrees to Acquire Tomoro

Microsoft-backed OpenAI is launching the OpenAI Deployment Company and has agreed to acquire Tomoro, an applied AI consulting and engineering firm, the company said Monday.The OpenAI Deployment Company is a new company dedicated to helping organizations build and deploy AI systems, with more than $4 billion in initial investment.The new company is majority-owned and controlled by OpenAI, with 19 investment firms, consultancies and system integrators as partners, led by TPG, OpenAI said.Tomoro's acquisition will add about 150 engineers and deployment specialists to the OpenAI Deployment Company, OpenAI said. Financial terms of Tomoro's acquisition were not disclosed.The purchase is expected to close in the coming months, OpenAI added.Price: $408.80, Change: $-6.26, Percent Change: -1.51%

$GS$MSFT$TPG
Sectors

Sector Update: Financial Stocks Decline Late Afternoon

Financial stocks were lower late Friday afternoon, with the NYSE Financial Index decreasing 0.1% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.5%.The Philadelphia Housing Index was up 0.1%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.4%.Bitcoin (BTC-USD) rose 0.1% to $80,056, and the yield for 10-year US Treasuries lost 2.8 basis points to 4.36%.In economic news, the April employment report showed nonfarm payrolls rose by 115,000, above the 65,000 jobs rise expected in a Bloomberg survey, while March payrolls were revised up to a 185,000 increase and February payrolls were revised down to a 156,000 decrease.The University of Michigan's preliminary consumer sentiment index fell to 48.2 in May from 49.8 in April, lower than the expectations for a smaller decrease to 49.5 in a Bloomberg poll.In corporate news, Apollo Global Management (APO) and Blackstone (BX) are among the private-credit firms involved in discussions with Broadcom (AVGO) on $35 billion in financing, Bloomberg reported. Apollo shares rose 3.8%, and Blackstone added 1%.Block (XYZ) shares jumped past 7% after the company late Thursday reported higher adjusted earnings and revenue that also beat analysts' estimates.Two Harbors Investment (TWO) shares rose 1.3% after the firm said it signed an amended merger agreement with CrossCountry Mortgage to increase the all-cash buyout offer to $12 per share from $11.30.Goldman Sachs-backed (GS) Go is seeking a valuation of about 200 billion Japanese yen ($1.28 billion) for its initial public offering in Tokyo, Bloomberg reported. Goldman was up 1.1%.

$APO$BX$GS$TWO$XYZ
Sectors

Sector Update: Financial Stocks Decline Friday Afternoon

Financial stocks were lower Friday afternoon, with the NYSE Financial Index decreasing 0.2% and the State Street Financial Select Sector SPDR ETF (XLF) shedding 0.5%.The Philadelphia Housing Index rose 0.3%, and the State Street Real Estate Select Sector SPDR ETF (XLRE) added 0.5%.Bitcoin (BTC-USD) eased 0.1% at $79,953, and the yield for 10-year US Treasuries was down 2.6 basis points to about 4.37%.In economic news, the April employment report showed nonfarm payrolls rose by 115,000, above the 65,000 jobs rise expected in a Bloomberg survey, while March payrolls were revised up to a 185,000 increase and February payrolls were revised down to a 156,000 decrease.The University of Michigan's preliminary consumer sentiment index fell to 48.2 in May from 49.8 in April, lower than the expectations for a smaller decrease to 49.5 in a Bloomberg poll.In corporate news, Block (XYZ) shares jumped past 9% after the company late Thursday reported higher adjusted earnings and revenue that also beat analysts' estimates.Two Harbors Investment (TWO) shares rose 1.2% after the firm said it signed an amended merger agreement with CrossCountry Mortgage to increase the all-cash buyout offer to $12 per share from $11.30.Goldman Sachs-backed (GS) Go is seeking a valuation of about 200 billion Japanese yen ($1.28 billion) for its initial public offering in Tokyo, Bloomberg reported. Goldman was up 0.6%.

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