Latest news with #RaghavMaliah
Yahoo
7 days ago
- Business
- Yahoo
Goldman Sachs Group (GS) Reports US$3,723 Million Net Income For Q2 2025
The Goldman Sachs Group recently reported strong second-quarter earnings, with net income rising to USD 3,723 million and a basic EPS of USD 11.03, reflecting significant growth compared to the previous year. This robust performance aligns with the company's 40.77% stock price increase over the last quarter. Executive changes, such as Raghav Maliah's appointment as chairman of investment banking, and strategic alliances with Sowell Visionary Allocation Strategies, potentially added momentum to the stock. While volatility in the broader market was influenced by geopolitical tensions and macroeconomic uncertainties, Goldman's achievements appear to have contributed positively to its shareholder returns. We've identified 2 weaknesses for Goldman Sachs Group that you should be aware of. Explore 25 top quantum computing companies leading the revolution in next-gen technology and shaping the future with breakthroughs in quantum algorithms, superconducting qubits, and cutting-edge research. The recent executive changes and strategic alliances at Goldman Sachs could significantly influence the bank's operational strategies mentioned in the narrative. The integration of AI and automation is likely to enhance efficiency and lower costs, aligning well with its current initiatives targeting improved net margins. The company's robust earnings report and the expansion of its M&A advisory backlog signal potential growth in revenue, which may elevate future earnings forecasts. These strategic advancements suggest readiness for ongoing policy uncertainties that could affect revenue growth. Over the past five years, Goldman Sachs has delivered a very substantial total shareholder return of 273.58%, reflecting its long-term growth and market strategy execution. Comparatively, over the last year, its performance surpassed the US Capital Markets industry, which returned 29.1%. This indicates that the company has held strong in the industry over a short-term period, even amidst various market challenges. The current share price of US$702.51 exceeds the consensus analyst price target of US$668.55, reflecting a 4.83% premium. This price movement indicates investor confidence despite a discounted price target, implying expectations for continued strong performance. However, the relationship between the current price and the lower analyst target suggests that growth expectations might already be factored into the share price and that the market may anticipate challenges in reaching projected forecasts. Investors should consider these elements when evaluating potential changes in revenue and earnings projections in the coming years. Explore Goldman Sachs Group's analyst forecasts in our growth report. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include GS. This article was originally published by Simply Wall St. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Sign in to access your portfolio
Yahoo
03-07-2025
- Business
- Yahoo
Goldman taps new global chairman of investment banking
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Goldman Sachs veteran Raghav Maliah has been appointed its global chairman of investment banking, according to a staff memo seen by Banking Dive. 'As we continue to grow and unite our investment banking business across Asia Pacific, Raghav will lead our work with a broader array of clients, leveraging his deep understanding of global industries and markets to advance our franchise,' the memo said. 'Raghav is among our most seasoned and strategic bankers, and he has steered many of the firm's significant and complex client relationships for decades through his various leadership roles in Asia Pacific.' Maliah currently serves as co-head of mergers and acquisitions in Asia Pacific, as well as head of the region's technology, media and telecommunications group, excluding Japan. He took the helm of the former in September, alongside co-heads Yoshihiko Yano and Ed Wittig, Reuters reported. Maliah will retain those roles alongside his chairmanship, according to the memo. Goldman is rejigging its Asia business to get its hands on more of the region's market share, head of investment banking Asia Pacific Iain Drayton told Reuters last month. The bank is consolidating its Japan, Australia and New Zealand, and Asia ex-Japan businesses into one regional entity under Drayton. 'On an APAC basis, we're seeing some strong tailwinds at the moment — quite a contrast to the headwinds that defined the past two to three years,' Drayton said. 'Market sentiment, investor engagement, and transaction momentum are all moving in a more constructive direction,' he told the wire service. Recommended Reading Whither the investment-banking chief? Sign in to access your portfolio
CNA
02-07-2025
- Business
- CNA
Goldman Sachs names Raghav Maliah as global chairman of investment banking
HONG KONG: Goldman Sachs has appointed Raghav Maliah as a chairman of investment banking, a global position that he will take on alongside his existing regional responsibilities, according to a memo issued by the bank on Wednesday (Jul 2). A spokesperson for Goldman Sachs confirmed the details outlined in the memo. Maliah will continue to serve as co-head of mergers & acquisitions in Asia Pacific, and head of the Technology, Media, and Telecommunications Group in Asia Pacific Ex-Japan, according to the memo. Last September, Maliah was named co-head of mergers and acquisitions in Asia Pacific, alongside Yoshihiko Yano and Ed Wittig, as part of an effort to expand and deepen deal coverage in the region. Maliah, a member of Goldman Sachs' Asia Pacific Management Committee, joined the firm in 2000 as an associate. He was named managing director in 2006 and partner in 2010.
Reuters
02-07-2025
- Business
- Reuters
Goldman Sachs names Raghav Maliah global chairman of investment banking, memo shows
HONG KONG, July 2 (Reuters) - Goldman Sachs (GS.N), opens new tab on Wednesday named Raghav Maliah chairman of investment banking, a global position in addition to the banker's regional investment banking roles, according to a memo from the bank. A spokesperson for the bank confirmed the contents of the memo. Raghav will continue to serve as co-head of mergers & acquisitions in Asia Pacific, and head of the Technology, Media, and Telecommunications Group in Asia Pacific Ex-Japan, the memo shows.
CNA
02-07-2025
- Business
- CNA
Goldman Sachs names Raghav Maliah global chairman of investment banking, memo shows
HONG KONG :Goldman Sachs on Wednesday named Raghav Maliah chairman of investment banking, a global position in addition to the banker's regional investment banking roles, according to a memo from the bank. A spokesperson for the bank confirmed the contents of the memo. Raghav will continue to serve as co-head of mergers & acquisitions in Asia Pacific, and head of the Technology, Media, and Telecommunications Group in Asia Pacific Ex-Japan, the memo shows.
