Page 20 - Goldman Sachs

Goldman Sachs to Fitch: Global rating agencies cut India's GDP forecast

Downward revision follows a sharp contraction in the economy in the April-June period, when GDP came in at a negative 23.9 per cent YoY, the worst show in nearly four decades

Goldman Sachs joins Ant's up to $30 billion IPO banking syndicate: Report

Ant, backed by Chinese e-commerce giant Alibaba Group, plans to do a simultaneous listing in Hong Kong and Shanghai

Goldman Sachs' 1MDB charges dropped by Malaysia after settlement

The US bank was discharged amounting to acquittal, according to court proceedings in Kuala Lumpur on Friday

Malaysia drops criminal charges against Goldman Sachs over 1MDB bond sales

Malaysian prosecutors withdrew criminal charges against three Goldman Sachs units accused of misleading investors over $6.5 billion in bond sales they helped organise for a state fund

Covid-19 may trigger third wave of outsourcing for Indian IT industry

Goldman Sachs report says that more technology roles likely to move to India

Female fund managers beat men at stock picks: Goldman Sachs Group

"Even after adjusting for risk, female-managed funds have outperformed their counterparts amid the pandemic-related market swings," Goldman strategists led by David Kostin wrote in a note to clients

Brokerages turn bullish on SBI on attractive valuation; see 20-44% upside

From its recent low of Rs 150.85 apiece (closing basis) touched on May 22, 2020, the stock has rallied 39 per cent on the BSE, data show

Goldman Sachs upgrades SBI to 'Buy', ups target price by 54%; here's why

Seen as the "proxy of improving confidence in the financial sector", Goldman Sachs believes SBI's current stock valuation (0.2x FY21E BVPS) makes for an attractive entry point

Goldman reports show mutual funds and hedge funds split on megacaps

Many MFs have limits on how much of their assets can be in a single stock to ensure diversification

1MDB scandal: Goldman, Malaysia agree on $3.9-billion settlement

Bank to make $2.5-bn cash payment to Malaysia within 10 days, in exchange for having criminal charges dropped

China pushes First Capital merger in drive to take on Wall Street: Reports

China wants to level the playing field as it opens up its financial markets to foreign players including Goldman Sachs and Morgan Stanley

Goldman Sachs Group slashes quarterly profit 85% with 1MDB legal charge

The additional provision cut the firm's previously announced second-quarter profit by 85 per cent, the bank said Friday in a filing

Mathew McDermott in charge of Goldman Sachs' cryptocurrency dream

He comes in place of Justin Schmidt, a former cryptocurrency trader who was recurited by Goldman Sachs in 2019 when the nascent industry was booming with record prices

Goldman Sachs comes up with Tinder for mergers in a social-distanced world

After all, this weekend's flurry of deal activity shows that not even the coronavirus can stifle M&A demand for long

Morgan Stanley posts record profit on trading boom amid Covid-19 crisis

Trading powerhouses Morgan Stanley and Goldman Sachs performed better than Main Street rivals JPMorgan Chase, Bank of America and Citigroup

Goldman Sachs revenue from trading stocks and bonds surges 93%

Revenue from trading stocks and bonds surged 93 per cent, surpassing what analysts had expected

Wall Street jumps on Goldman's strong numbers, Covid-19 vaccine hopes

The Dow Jones Industrial Average rose 367.22 points, or 1.38 per cent

Raghuram Rajan warns against 'unprecedented' rise in NPA levels in 6 months

Rajan cautioned that one should not mistake pent up consumption for normal consumption.

Gold to benefit if China recovers strongly from second virus wave: Goldman

Goldman Sachs expects gold to benefit if China recovers much strongly from a second wave of Covid-19 cases than the United States, and reinforced its $2,000 an ounce target for bullion prices.

Goldman Sachs sees oil demand returning to pre-coronavirus levels by 2022

Demand is expected to fall by 8% this year, before rebounding 6% in 2021, the bank said