Goldman Sachs Group economists reportedly issued a note predicting a recession due to new U.S. tariffs and then retracted that forecast a little over an hour later after President Donald Trump paused the reciprocal tariffs.This happened Wednesday (April 9) and reflected the challenges analysts and investors face in making decisions as the administration’s trade policy evolves, Bloomberg reported Wednesday.In its initial note, the Goldman Sachs team said there was a 65% chance of a recession in the next 12 m ...

The Goldman Sachs Group, Inc. (GS) is scheduled to release first-quarter 2025 earnings on April 14 before the opening bell.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Goldman’s close peer JP Morgan (JPM) is slated to announce quarterly numbers on April 11, whereas Morgan Stanley (MS) is expected to come out with its performance details on April 15.In the fourth quarter of 2024, Goldman's results benefited from the strength in the investment banking (IB) business. However, a rise ...

The upcoming report from Goldman Sachs (GS) is expected to reveal quarterly earnings of $12.72 per share, indicating an increase of 9.8% compared to the year-ago period. Analysts forecast revenues of $15.16 billion, representing an increase of 6.6% year over year.The current level reflects a downward revision of 4.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this peri ...

Core Viewpoint - Goldman Sachs' stock experienced a significant decline of 9.3% amid broader market turmoil triggered by President Trump's tariff announcements, raising concerns about economic growth and market stability [1][2]. Group 1: Impact of Tariffs - President Trump's new tariffs include a 34% tax on imports from China, 20% on the European Union, and a 10% baseline tax on all countries, marking a major disruption to global trade [2]. - The tariffs have prompted retaliatory measures from major trading partners, which could hinder U.S. companies' ability to sell internationally [3]. Group 2: Goldman Sachs' Vulnerability - Goldman Sachs is particularly sensitive to international trade disruptions, as market stability is crucial for its operations [4]. - The bank's research indicates that the tariffs could lead to slower economic growth and increased inflation, potentially resulting in a stagflation scenario [4]. - If corporate activity declines and market volatility continues, Goldman Sachs' trading and investment banking revenues may face significant pressure [4].

Goldman Sachs is catching fresh heat over massive bonuses it has pledged to CEO David Solomon and his No. 2 executive John Waldron — with powerful shareholder voting advisors slamming the payouts as "excessive" and "poor practice." A pair of so-called proxy advisory firms, which counsel investors on how to vote at the annual meetings of big public companies, ripped an $80 million retention bonus for 63-year-old Solomon — a lavish sum that sparked outrage among the rank and file when the bank revealed it in ...

MONTICELLO, Miss., April 1, 2025 /PRNewswire/ -- Atlas-SSI Holdings, LLC ("Atlas-SSI" or the "Company"), a North American supplier of water management equipment for the protection of mission-critical assets and water ecosystems, announced its acquisition by the Sustainable Investing team at Goldman Sachs Alternatives. The transaction positions Atlas-SSI, previously a portfolio company of XPV Water Partners, to expand and meet increased demand in the water sector by upgrading aged infrastructure, enabling in ...

In the latest trading session, Goldman Sachs (GS) closed at $546.29, marking a +0.58% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.55%. Elsewhere, the Dow gained 1.01%, while the tech-heavy Nasdaq lost 0.14%. Coming into today, shares of the investment bank had lost 12.72% in the past month. In that same time, the Finance sector lost 3.92%, while the S&P 500 lost 6.22%. Based on our research, we believe these estimate revisions are directly related to near-t ...

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Core Viewpoint - Goldman Sachs is set to report earnings with positive expectations, showing growth in both EPS and revenue compared to the previous year [2][3]. Financial Performance - The stock of Goldman Sachs closed at $585.94, reflecting a +1.01% change from the previous day, outperforming the S&P 500's gain of 0.16% [1]. - Over the past month, Goldman Sachs' stock has decreased by 7.35%, which is worse than the Finance sector's loss of 0.19% and the S&P 500's loss of 3.59% [1]. Earnings Forecast - The upcoming earnings disclosure is anticipated to show an EPS of $12.57, representing an 8.55% increase from the same quarter last year [2]. - Revenue is projected to be $15.23 billion, indicating a 7.16% rise from the equivalent quarter last year [2]. Annual Estimates - For the entire fiscal year, earnings are expected to be $46.13 per share, with revenue forecasted at $56.98 billion, reflecting changes of +13.79% and +6.48% respectively from the previous year [3]. Analyst Projections - Recent shifts in analyst projections for Goldman Sachs should be monitored, as they often indicate short-term business trends and analysts' outlook on the company's health and profitability [4]. Zacks Rank and Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently places Goldman Sachs at 3 (Hold) [6]. - Over the past month, the Zacks Consensus EPS estimate has decreased by 2.1% [6]. Valuation Metrics - Goldman Sachs is currently trading at a Forward P/E ratio of 12.57, which is lower than the industry average of 15.29, indicating a discount [7]. - The company has a PEG ratio of 0.82, compared to the industry average of 1.09, suggesting favorable valuation relative to growth expectations [8]. Industry Ranking - The Financial - Investment Bank industry, to which Goldman Sachs belongs, ranks in the top 15% of all industries, with a current Zacks Industry Rank of 36 [8].

Core Insights - Fleetio has acquired Auto Integrate, enhancing its fleet maintenance capabilities and establishing itself as a preferred solution in the market [1][2] - The acquisition was financed through a successful closing of over $450 million, valuing the combined business at over $1.5 billion [1] - The strategic union aims to serve over 8 million vehicles and process more than 13 million repair orders annually through a network of over 110,000 repair shops across North America [2] Company Overview - Fleetio is a leading fleet optimization software platform that provides comprehensive solutions for managing, repairing, and optimizing vehicles and assets [6] - Founded in 2012, Fleetio's cloud-based platform and mobile app help fleets manage preventive maintenance, reduce downtime, and maximize service vehicle utilization [6][7] - The company currently powers more than 7,500 public and private fleets across over 100 countries [7] Acquisition Details - The acquisition of Auto Integrate is described as transformative, combining Fleetio's optimization capabilities with Auto Integrate's maintenance authorization network [3] - Auto Integrate's software allows repair shops to electronically submit repair orders, reducing vehicle downtime and improving operational efficiency [3][4] - Fleetio plans to invest significantly in research and development to enhance Auto Integrate's platform and integrate its functionalities within the Fleetio ecosystem [4] Market Impact - The combined entity is expected to create a unified platform that eliminates communication barriers between fleet operators and repair facilities, ultimately reducing costs and keeping vehicles on the road longer [4] - The acquisition is seen as a way to unlock unique insights into fleet maintenance trends and predictive maintenance opportunities through a vast dataset of maintenance operations [5] - Investors, including Elephant and Goldman Sachs, view this acquisition as a transformative opportunity that enhances customer experience and operational efficiency for fleets in North America [5]