The acquisition of United Capital advances Goldman's "long-term strategy to offer clients solutions across the wealth spectrum."
The bank's first revenue miss in two years reflected what CEO David Solomon called a “challenging” trading environment.
The bank's Q4 revenue of $8.08 billion was also above estimates but its bottom line was inflated by a $467 million tax benefit.
The company's quarterly earnings and revenue solidly beat forecasts, perhaps opening the door to an early-2019 completion of Fox assets acquisition.
Goodyear, Goldman Sachs, Prudential Financial, Diamond Resorts, Rogers, Potbelly, Sprague Resources, RigNet, Extreme Networks, Maestro Health
Incoming CEO David Solomon adds Goldman veteran Stephen Scherr to his team as he prepares for the challenge of succeeding Lloyd Blankfein.
The increasingly popular method of buying back shares creates an immediate EPS boost that serves to help managers secure bonuses, study suggests.
Rising rates haven't helped Goldman's small banking unit, which likely will remain small yet subjects the firm to regulatory restrictions on its activities.
A Goldman Sachs vice president of investment banking repeatedly used his access to confidential client information to place illegal trades, alleges the SEC.
The purchase of money-management app Clarity Money continues Goldman's push to expand the services offered by its Marcus digital banking arm.
Two-thirds of the writedown is due to a provision of the law designed to encourage companies to repatriate funds from overseas.
“We didn't navigate the [fixed-income] market as well as we aspire to or as well as we have in the past," Goldman's CFO says.
