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Goldman chief says profit matters after WeWork loss

Goldman Sachs, stung by losses in Uber and WeWork, has a message for investors in growth stocks: profit matters. After years of pursuing revenue growth at all costs, driven by cheap money, markets... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkNov 8th, 2019

Goldman Sachs profit halves on higher loan loss provisions, investment hit

Goldman Sachs reported a 49 percent drop in quarterly profit......»»

Category: topSource: foxnewsApr 15th, 2020

Goldman Sachs profit halves on higher loan loss provisions, investment hit

Goldman Sachs Group Inc reported a 49% drop in quarterly profit on Wednesday, as it set aside significantly higher provisions related to corporate loans due to the impact of COVID-19 and booked heavy losses on its debt and equity investments......»»

Category: topSource: reutersApr 15th, 2020

Goldman Sachs profit halves on mounting loan loss provisions

Goldman Sachs Group Inc reported a 49% fall in quarterly profit on Wednesday, as the bank put aside nearly $1 billion to meet future loan defaults and booked heavy losses on its debt and equity investments......»»

Category: topSource: reutersApr 15th, 2020

Goldman CEO says process on canceled WeWork IPO "worked"

Goldman Sachs Chief Executive David Solomon called WeWork's abandoned initial public offering (IPO) a great example of the listing process working on Tuesday, even if was "not as pretty as everybody would like it to be"......»»

Category: topSource: reutersJan 21st, 2020

Goldman profit slammed by souring WeWork, Uber bets

Goldman Sachs Group Inc missed Wall Street estimates for quarterly profit on Tuesday as it took heavy losses from high-profile investments in WeWork and Uber Technologies and faced up to a weakening global economy......»»

Category: topSource: reutersOct 15th, 2019

Goldman profit falls short on weak M&A advisory; WeWork weighs

Goldman Sachs Group Inc missed Wall Street estimates for quarterly profit on Tuesday as global economic worries dampened appetite for deals, while it faced up to losses on its own high-profile investments in Uber Technologies and WeWork......»»

Category: topSource: reutersOct 15th, 2019

ZIM Turns A Profit In Second Quarter

ZIM Integrated Shipping Services reported a net profit in the second quarter of 2019 of $5.1 million, compared to a $33.2 million net loss in the second quarter of 2018. Eli Glickman, the president and chief executive officer of the Israe.....»»

Category: earningsSource: benzingaAug 21st, 2019

Tesla"s Musk "sees merit" in capital raise, vows profit in third quarter after large loss

Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third......»»

Category: topSource: reutersApr 24th, 2019

Tesla"s Musk "sees merit" in capital raise, vows profit in Q3 after large loss

Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third......»»

Category: topSource: reutersApr 24th, 2019

Goldman Sachs beats on bond trading strength, names new CEO

Goldman Sachs Group Inc reported a better-than-expected quarterly profit on Tuesday and named bank insider David Solomon to replace long-time Chief Executive Lloyd Blankfein......»»

Category: topSource: reutersJul 17th, 2018

Goldman Sachs names new CEO, profit beats; shares dip

Goldman Sachs Group Inc announced a new chief executive on Tuesday and reported a better-than-expected jump in quarterly profit, but investors focused on relatively weak performance in its main businesses......»»

Category: topSource: reutersJul 17th, 2018

Goldman Sachs predicts no recession in 2019 but sees a "sharp slowdown"

Goldman Sachs does not foresee any recessions in major economies in 2019 but low profit growth is on the cards in the U.S. and Europe, its chief global equity strategist told CNBC Tuesday......»»

Category: topSource: moneycentralJan 15th, 2019

Rising trading revenue lifts Goldman"s results

Goldman Sachs swung to a quarterly profit from a loss, and those earnings topped expectations. It was the only Wall Street bank to grow its trading revenue. Fred Katayama reports......»»

Category: videoSource: reutersJan 16th, 2019

Goldman dealmakers shine in Solomon"s maiden quarter

Goldman Sachs Group Inc turned in a better-than-expected profit during David Solomon's first quarter at the helm, helped by dealmakers in the division the new chief executive once oversaw......»»

Category: topSource: reutersJan 16th, 2019

Ford Swings to a Loss, Misses Analysts" Profit Estimates

Ford’s fourth-quarter operating income dropped 28% amid worsening losses in China and Europe, underscoring the pressure on the auto maker’s stout U.S. business as Chief Executive Jim Hackett tries to revitalize the company......»»

Category: smallbizSource: wsjJan 24th, 2019

General Electric posts small profit in Q4, cash flow slows

U.S. industrial conglomerate General Electric Co reported a $666 million profit from continuing operations for the fourth quarter, recovering from a $11.2 billion loss a year ago, as it accelerated restructuring under a new chief executive......»»

Category: topSource: moneycentralJan 31st, 2019

General Electric posts small profit in Q4, cash flow slows

U.S. industrial conglomerate General Electric Co reported a $666 million profit from continuing operations for the fourth quarter, recovering from a $11.2 billion loss a year ago, as it accelerated restructuring under a new chief executive......»»

Category: topSource: moneycentralJan 31st, 2019

Goldman"s global stock chief tells us why stocks are rising despite protests raging across America, and what could trigger a correction

Courtesy Peter Oppenheimer Goldman Sachs' top equity strategist told Business Insider that the "size and.....»»

Category: topSource: businessinsider4 hr. 12 min. ago

Lufthansa expects significantly larger loss in second quarter

Lufthansa expects a significantly larger loss in the second quarter of this year, the airline group's finance chief said on Wednesday......»»

Category: topSource: reutersJun 3rd, 2020

Gold futures post second straight loss

Gold futures on Tuesday posted a second consecutive session decline, with profit-taking and strength in global stock markets the key reasons cited among analysts for the fall in prices. U.S. unrest and tensions with China continue to feed a bullish bac.....»»

Category: topSource: marketwatchJun 2nd, 2020