Goldman Sachs on Wednesday reported second-quarter earnings of $3.72 billion, or $10.91 per share, exceeding expectations by a wide margin. Analysts had been forecasting second-quarter earnings-per-share of $9.63, according to S&P Capital IQ. The better-than-expected performance was driven by heady increases in investment banking and equities revenues, which spiked 26% and 36%, respectively, from the
Hedge funds last week sold off stocks of energy companies at the quickest pace in 10 months as oil prices slumped following the announcement of a ceasefire in the 12-day Iran-Israel war. The selling was seen across the board in energy stocks in every region, Goldman Sachs analysts wrote in a note to clients carried
US banking titan Goldman Sachs is reportedly highlighting its bullishness on one under-the-radar artificial intelligence (AI) stock that’s up over 68% since March. Goldman has put Taiwan Semiconductor Manufacturing Company Limited (TWSC:2330) on its “Conviction Buy” list after already being on its buy list, Insider Monkey reports. TSMC is Taiwan’s largest company, and shares of
Institutions, both domestic and foreign, queued up to buy shares of Bajaj Finance-parent Bajaj Finserv Ltd. in its block deal that took place on Friday, June 6. Domestic funds ranging from SBI MF to HDFC MF, and global funds from Morgan Stanley to BofA Securities to Goldman Sachs, were all buyers in the Bajaj Finserv
Goldman Sachs plans to merge its investment banking businesses across the Asia-Pacific region to provide clients with more integrated advice and capital markets execution, according to a memo seen by the Post on Thursday. The US firm was combining its teams in Japan, Australia and New Zealand, and Asia excluding Japan to form a unified
As Wall Street has poured money into technology budgets and become major players in patents and research, it’s also become a destination for technologists to work — rivaling even Silicon Valley. This as-told-to essay is based on a conversation with Melissa Goldman, a partner and tech leader at Goldman Sachs. She started her career 30
Goldman Sachs raised its forecast for investment by mainland Chinese in Hong Kong-listed stocks by almost 50 per cent, following the strongest start to the year on record in terms of Stock Connect fund inflows. Net southbound inflows could reach US$110 billion this year, versus a previous forecast of US$75 billion, the Wall Street investment
Industry veterans from Goldman Sachs, Hightower Advisors, and H.I.G. Capital have launched a new private markets investment firm, Peak Altitude Partners (PeakAlts). Based in New York, the new firm offers curated alternative asset solutions specifically tailored for RIAs, family offices, multi-family offices, and endowments. It currently advises on over $30bn in assets through its partner
NEW YORK, April 1, 2025 /PRNewswire/ — Peak Altitude Partners (“PeakAlts”), an investment firm that provides alternative asset solutions to the private wealth segment, announces its launch. Led by industry veterans from Goldman Sachs, Hightower Advisors, and H.I.G. Capital, PeakAlts curates access to high quality private market investments for RIA, family office, multi-family office, and
One of the hallmarks of the banking industry, and indeed many sectors of the overall stock market, is seasonality. Some businesses simply tend to perform better during different times of the year due to both consumer trends and macroeconomic factors. These types of stocks are known as cyclicals, and banks are among the most prominent.