(Bloomberg) — Goldman Sachs Group Inc.’s traders, on the way to posting their biggest revenue haul in more than a decade, are in for a surprise as cost pressures force the firm’s leadership to cut their year-end bonuses. Executives in the firm’s global markets division were warned this week that its compensation pool will be […]
Read More(Bloomberg) — When Goldman Sachs Group Inc. executives set out to woo investors in early 2020, they offered a promising outlook for their novelty Main Street business. The unit would go from a money-suck to break-even in 2022. It isn’t quite working out that way. The Wall Street titan’s internal projections show the consumer business […]
Read More(Bloomberg) — Oil prices are likely to extend gains as global crude stockpiles need to be rebuilt in the face of rebounding Chinese demand and reduced production from Russia, according to Goldman Sachs Group Inc. Brent crude will need to average $135 a barrel in the 12 months from July, up $10 from the bank’s […]
Read More(Bloomberg) — Goldman Sachs Group Inc. strategists lowered their forecast for U.S. stock returns this year as the prospect of more aggressive monetary tightening weighs on valuations. The strategists cut their year-end target for the S&P 500 benchmark index to 4,900 points, down from 5,100 points previously. It compares with Friday’s close of 4,418.64. The […]
Read More(Bloomberg) — Goldman Sachs Group Inc. investment banking co-head Dan Dees said the firm’s dealmakers are looking for opportunities in all areas of technology as companies emerge from the pandemic era. Artificial intelligence, augmented reality, quantum computing and synthetic biology are among areas for investment, Dees said in an interview with Bloomberg Television’s Emily Chang […]
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