Goldman Sachs Group Inc. (NYSE: GS) shares ended sharply lower on Thursday as investors digested the Wall Street giant’s third-quarter results. Goldman’s third-quarter revenue fell sharply due to a 44% drop in its fixed income, currency and commodities trading revenue. The bank’s quarterly revenue also missed consensus forecast. Lloyd Blankfein, CEO of the New York City-based bank, said that the third-quarter results reflected a period of slow client activity. Goldman Sachs shares ended the day 2.42% lower at $158.32.
Tag: GS
Major Movers on January 16; CMG, RKUS, CMA, GS, AAPL, GNW
Shares of casual dining chain, Chipotle Mexican Grill Inc. (NYSE: CMG) plunged 5.38% during early trade on Wednesday after it said late on Tuesday that fiscal fourth-quarter earnings would fall short of Street’s estimates, citing rising food costs even as revenue for the period is expected climbed by 17% from the year earlier quarter.
Continue reading Major Movers on January 16; CMG, RKUS, CMA, GS, AAPL, GNW
Goldman’s Q3 Profit Beats Estimates; Shares Marginally Higher (GS)
Wall Street giant Goldman Sachs Group Inc. (NYSE: GS) today reported its third-quarter financial results, posting better-than-expected earnings. Goldman’s third-quarter revenue more than doubled, driven by investment gains. The company also raised its quarterly dividend.
Continue reading Goldman’s Q3 Profit Beats Estimates; Shares Marginally Higher (GS)
Major Gainers and Losers in Early Trading on October 16; C, GS, TXI, ISIS, DPZ, GWW
Shares of Citigroup Inc. (NYSE: C), a global diversified financial services company providing consumers, corporations, governments and institutions with a broad range of financial products and services, are gaining in trading today.
Continue reading Major Gainers and Losers in Early Trading on October 16; C, GS, TXI, ISIS, DPZ, GWW