Latest news with #GoldmanSachsGroup
Forbes
5 hours ago
- Business
- Forbes
Trading Business In Focus As Goldman Reports Q2
CHONGQING, CHINA - JULY 13: In this photo illustration, a smartphone displaying the logo of The ... More Goldman Sachs Group, Inc. (NYSE: GS), a leading American multinational investment bank and financial services company, is held in front of a screen showing the company's latest stock market chart on July 13, 2025 in Chongqing, China. (Photo illustration by) Goldman Sachs (NYSE:GS) is set to announce its Q2 2025 earnings on Wednesday, July 16, 2025. Consensus forecasts indicate that revenue is expected to rise by approximately 6% to $13.5 billion, while earnings are anticipated to be about $9.68 per share, reflecting an 11% increase compared to the previous year. While the overall economic forecast remains ambiguous due to persistent worries regarding tariffs affecting major trading partners—which may incite inflation and hinder growth—Goldman is projected to gain from robust performance in its trading division. Additionally, Goldman's asset and wealth management sector is likely to perform well, given the market's strength during Q2. The bank managed a record $3.17 trillion in assets in Q1, and this figure is expected to have increased further in Q2, supported by an approximate 10% rise in the S&P 500 index during the quarter. However, investment banking revenues at the bank are expected to stay under strain, as geopolitical tensions and tariff-induced uncertainties continue to impact mergers, acquisitions, and IPO activities. The company possesses a current market capitalization of $223 billion. Revenue over the past twelve months reached $54 billion, with net income recorded at $15 billion. Therefore, if you are looking for potential gains with lower volatility than individual stocks, the Trefis High Quality portfolio offers an alternative, having outperformed the S&P 500 and generated returns over 91% since its inception. View earnings reaction history of all stocks Goldman Sachs' Historical Chances of Positive Post-Earnings Return A few insights into one-day (1D) post-earnings returns: Further data regarding the observed 5-Day (5D) and 21-Day (21D) returns post-earnings, along with the associated statistics, are summarized in the table below. GS 1D, 5D, and 21D Post Earnings Return Correlation Between 1D, 5D, and 21D Historical Returns A relatively lower-risk strategy (although not efficient if the correlation is weak) involves examining the correlation between short-term and medium-term returns following earnings, identifying the pair with the highest correlation, and executing the suitable trade. For instance, if the correlation between 1D and 5D is the strongest, a trader could take a "long" position for the following 5 days if the 1D post-earnings return is positive. Below is some correlation data derived from 5-year and 3-year (more recent) history. Please note that the correlation between 1D and 5D refers to the relationship between 1D post-earnings returns and the subsequent 5D returns. GS Correlation Between 1D, 5D, and 21D Historical Returns Discover more about the Trefis RV strategy, which has outperformed its all-cap stocks benchmark (a combination of the S&P 500, S&P mid-cap, and Russell 2000), delivering strong returns for investors. Additionally, if you're seeking potential gains with a smoother experience than an individual stock like Goldman Sachs, consider the High Quality portfolio, which has surpassed the S&P and recorded returns exceeding 91% since its inception.
Business Times
9 hours ago
- Business
- Business Times
SoftBank-backed travel app Klook is said to consider US listing: sources
[HONG KONG] Klook, a travel and leisure booking platform, is exploring an initial public offering in the US that may raise as much as US$500 million, according to people with knowledge of the matter. The company, which is backed by investors such as SoftBank Group and Goldman Sachs Group, is working with financial advisers on the planned first-time share sale, said the people, asking not to be identified as the process is private. Klook may confidentially file an application in the US soon, the people said. An IPO could raise from US$300 million to US$500 million, they said. Deliberations are ongoing and details such as timing and size could change, the people said. A representative for Klook declined to comment. Founded in 2014, Klook reached unicorn status in 2018 and turned profitable in 2023. It competes with other global travel booking sites such as and Expedia, as well as China's and South Korea's Yanolja. The company raised US$100 million in a new founding round led by Vitruvian Partners, bringing the total raised to more than US$1 billion. Other investors in Klook include HongShan Capital Group, or HSG, formerly known as Sequoia Capital China. Travellers from younger generations known as Millennial and Gen Z make up about 70 per cent of Klook's user base, with more than four-in-five bookings made on its mobile app. That has made social media platforms a key channel to win customers, Eric Gnock Fah, the company's co-founder and president, said in February. BLOOMBERG
Business Times
3 days ago
- Business
- Business Times
Xi's price-war campaign creates buzz in China's stock market
For strategists at JPMorgan Chase & Co and Goldman Sachs Group as well as money managers in Hong Kong and Singapore, an opaque term has suddenly emerged as the catchphrase for deciphering Chinese policy intentions and navigating the stock market. The term 'anti-involution' has cropped up in government documents over the past year, but gained prominence earlier this month when President Xi Jinping chaired a high-level meeting that pledged to regulate 'disorderly' price competition. It refers to efforts to root out China's industrial malaise, marked by cut-throat price wars and overcapacity that have hurt profitability in sectors ranging from solar, new energy vehicles to steel. Investors are hopeful that a more coordinated policy response to tackle the drivers of deflation is on its way, though Beijing has not yet released any plan. Analyst reports on the theme have flooded the market, while solar and steel stocks have rallied in July. Morgan Stanley strategists changed their preference to onshore shares from those in Hong Kong last week. 'One of the biggest issues that investors have investing in China is that of excessive competition,' said Tan Min Lan, head of the Asia-Pacific chief investment office at UBS. 'It's actually a very positive development that top down government is now recognising it, and directly saying that destructive competition has to stop. It's a powerful policy signal.' ' One of the biggest issues that investors have investing in China is that of excessive competition. It's actually a very positive development that top down government is now recognising it, and directly saying that destructive competition has to stop. It's a powerful policy signal. ' — Tan Min Lan, head of the Asia-Pacific chief investment office at UBS The Chinese term for involution, neijuan, literally means rolling inwards. In practice, it is used to describe a system of intense competition that yields little meaningful progress. Huge spending on building capacity has helped Chinese businesses enhance their global standing. The nation's companies now dominate every step of the solar supply chain, while its electric vehicle (EV) makers have toppled Tesla's dominance. Yet, ending destructive competition has rarely been more important. Producer deflation is worsening, and trade tensions mean China can no longer unleash some of its overcapacity to other countries. BT in your inbox Start and end each day with the latest news stories and analyses delivered straight to your inbox. Sign Up Sign Up 'With foreign markets closing off Chinese trade routes, part of the competition is forced to return to the domestic market,' said Jasmine Duan, senior investment strategist at RBC Wealth Management Asia. The campaign seems to be helping improve investor sentiment for the mainland market, where policy drivers have a stronger sway and industrial stocks have bigger weighting. The onshore CSI 300 Index has risen 2 per cent so far in July, outperforming the Hang Seng China Enterprises Index after lagging it for most of the year. Solar stocks Xinjiang Daqo New Energy and Tongwei have advanced at least 19 per cent this month. Liuzhou Iron & Steel has surged more than 50 per cent while Angang Steel has gained about 16 per cent. Glass, cement and chemicals shares have also jumped. It is still early stages but if the reforms pan out, 'there'll be consolidation in China and there'll be slightly better pricing and margins, and there'll be better valuation', said Wendy Liu, head of China and Hong Kong equity strategist at JPMorgan. Sectors that are likely to benefit include cars, battery, solar, cement, steel, aluminium and chemicals, she said. To seasoned China watchers, the current rhetoric recalls the supply-side reforms of 2015-2018, when a government-led push to cut outdated capacity in sectors such as coal and steel helped drive up prices in the following years. This time, however, key differences may limit the campaign's effectiveness. A decade ago, oversupply was mostly concentrated in upstream and construction-related sectors. It has become more pervasive today, encompassing the most promising industries of solar, EV and battery to downstream consumer sectors such healthcare and food. Intensifying price war That point is illustrated by the intensifying price war among technology giants listed in Hong Kong – China's private sector leaders. Shares in Meituan, Alibaba Group Holding and have slumped more than 20 per cent from their March highs as they jostle for delivery market expansion. 'This time, the overcapacity is concentrated in industries mostly dominated by private firms, so the challenges are going to be greater than when SOEs (state-owned enterprises) ruled and could just buy up the private firms and shut them down,' said Li Shouqiang, a fund manager at Shenzhen JM Investment Management. Addressing the supply-demand imbalance will also require measures to reflate the economy by boosting consumption – a tall order the government has struggled to deliver on. For now, investors seem hopeful that a bigger supply-side reform is in the offing. Morgan Stanley strategists said sentiment has improved with the government's message, and added they now prefer A-shares over offshore ones. 'When senior policymakers change some policy tone, there should be some actionable items or something to follow through,' said Louisa Fok, China equity strategist with Bank of Singapore. It will not be a quick overnight fix, but it is 'definitely positive' that the government is aware of the problems, she added. Bloomberg
India Today
09-07-2025
- Business
- India Today
Ex-UK PM Rishi Sunak rejoins banking sector as adviser to Goldman Sachs
Britain's former prime minister, Rishi Sunak, has rejoined the banking world, taking charge of a new role as Senior Adviser at the Goldman Sachs Group, with plans to donate his earnings to the education charity he recently set up with his wife, Akshata US-headquartered multinational investment bank where Sunak worked prior to entering politics made the announcement on Tuesday after the requisite 12-month period lapsed since the British Indian leader's ministerial office term concluded, following a defeat in the general election on July 4 last UK Advisory Committee on Business Appointments, which is required to sign off on jobs taken on by former ministers for at least two years after they leave office, gave its nod with a series of conditions 'to mitigate the potential risks to the government' over the access to privileged information Sunak would have as a former PM. It also noted that the salary from his new job would go towards the Richmond Project, a charity announced earlier this year as a joint initiative with Murty focussed on improving the mathematics and numeracy skills amongst children and young people in England.'Goldman Sachs has a significant interest in UK government policy. As the former Prime Minister, there is a reasonable concern that your appointment could be seen to offer unfair access and influence within the UK government,' reads the advice of the committee published this week.'You and Goldman Sachs have confirmed to the committee that the role will not involve lobbying the government, which all former ministers are prevented from doing for two years of leaving office. The committee considered that it would be difficult to mitigate the risk of perceived lobbying if you initiated engagement of any kind with the UK government in this role, noting this is not your stated intention,' it the stipulations, Sunak is required not to draw on any privileged information available to him from his time in ministerial office.'For two years from your last day in ministerial office, your role with the Goldman Sachs Group Inc should be limited to providing advice on strategy, macroeconomic and geopolitical matters that do not conflict with your time as Prime Minister (including where you are working with parent companies, subsidiaries, partners and clients of Goldman Sachs),' the committee highlights that the advice was not an 'endorsement' of Sunak's new role but is aimed at protecting the integrity of the government. The publication of the committee's decision coincided with Goldman Sachs issuing a statement to welcome the British Indian politician, who continues in his role as a backbench Conservative Party MP for Richmond and his role, he will work with leaders across the firm to advise our clients globally on a range of important topics, sharing his unique perspectives and insights on the macroeconomic and geopolitical landscape. He will also spend time with our people around the world, contributing to our culture of ongoing learning and development,' said Goldman Sachs Chairman and CEO David previously worked at Goldman Sachs as a summer intern in Investment Banking in 2000 and later as an analyst between 2001 and career in politics started when he was elected Tory MP in 2015 and went on to be appointed a junior minister, Chancellor of the Exchequer, before taking charge as Britain's first prime minister of Indian heritage in October 2022.- EndsTrending Reel IN THIS STORY#Rishi Sunak
Bloomberg
09-07-2025
- Business
- Bloomberg
Goldman Demands an Oath From Junior Bankers to Fend Off Private Equity Poaching
Goldman Sachs Group Inc. plans to ask junior bankers to confirm their loyalty on a regular basis in a bid to limit advances from talent-hungry buyout firms. The investment bank will ask new analysts to certify every three months that they haven't accepted jobs elsewhere, according to people familiar with the matter, who asked not to be identified discussing the confidential plan.
