Goldman Sachs Group Inc #NYSE:GS Price, Chart, News & Insight

Goldman Sachs Shareholders Approve 2025 Stock Incentive Plan and Executive Pay; Reject DEI and Energy Finance Proposals

On April 23, 2025, at its Annual Meeting, The Goldman Sachs Group, Inc. (NYSE: GS) secured shareholder approval for its Amended and Restated Stock Incentive Plan (2025 SIP), extending the equity program through the 2029 annual meeting and modernizing administrative provisions. Shareholders also approved the "Say on Pay" advisory vote for executive compensation.

All 14 nominated directors were re-elected for another one-year term, and PricewaterhouseCoopers LLP was ratified as the independent auditor for fiscal year 2025.

However, three shareholder proposals were rejected:

Linking DEI goals to executive compensation,

Conducting a racial discrimination audit, and

Disclosing the energy supply financing ratio, which would detail fossil fuel vs. renewable energy funding.

The votes indicate continued shareholder support for management and existing governance practices, while highlighting resistance to certain ESG-related proposals.

Darius Adamczyk Will join Goldman Sachs as a Partner and Co-head of the Global Portfolio Operations Group

Goldman Sachs Issues $6 Billion in New Senior Notes Across Three Tranches

The Goldman Sachs Group, Inc. has disclosed the issuance of a total of $6 billion in senior debt securities, executed under its shelf registration. The offering includes a blend of floating rate and fixed-to-floating rate notes with maturities in 2028 and 2031, structured to optimize flexibility in interest rate management.

Details of the Issued Securities:
$500 million — Floating Rate Notes due 2028

$2.5 billion — 4.937% Fixed/Floating Rate Notes due 2028

$3.0 billion — 5.218% Fixed/Floating Rate Notes due 2031

All tranches are unsecured and senior in nature, and the fixed/floating structure allows the instruments to begin with a fixed interest rate and later convert to a floating rate, offering a hedge against future rate fluctuations.

These notes were issued under Goldman Sachs’ existing automatic shelf registration, giving the firm the ability to efficiently access capital markets when needed. The use of proceeds was not specified, but such issuances typically support general corporate purposes, refinancing, or liquidity enhancement.

The debt securities are listed on the New York Stock Exchange, alongside other Goldman Sachs instruments, reinforcing the company's commitment to maintaining diverse and liquid funding sources across different maturities and structures.

Goldman Sachs Private Credit Corp. Reports $481 Million in Unregistered Share Sales and March Distribution Metrics

Goldman Sachs Private Credit Corp. disclosed the sale of 19,173,626 unregistered Class I shares as of April 1, 2025, for total proceeds of approximately $481.4 million. The transactions were made through subscription agreements with accredited and non-U.S. investors under exemptions from SEC registration.

The firm’s board previously declared a March 2025 distribution of $0.19 per Class I share, translating to a 9.1% annualized distribution yield based on net asset value (NAV). The payout will be made on or around April 28 to stockholders of record as of March 31, with the option to reinvest through the firm’s distribution reinvestment plan.

As of March 31, 2025, the company reported:

A NAV of approximately $6.2 billion

NAV per Class I share at $25.11

Fair value of investment portfolio at $8.2 billion

Fund leverage ratio of 0.4x

Performance metrics for Class I shares as of March 31 included a 1-month return of 0.6%, a year-to-date return of 1.9%, and an inception-to-date return of 10.6% since operations began on April 6, 2023.

Goldman Sachs Reports 2025 First Quarter Earnings Per Common Share of $14.12 and Annualized Return on Common Equity of 16.9%

Wall Street is starting to trim jobs as economic uncertainties mount

Morgan Stanley, Goldman Sachs, and Bank of America are beginning workforce reductions that affect various parts of their operations.

Goldman Sachs lowers S&P 500 year-end target to 6,200

The target is 10.6% higher than the index's last close of 5,572.07. On Monday, the S&P 500 saw its steepest one-day drop since December 18, wiping out a staggering $4 trillion from its recent peak. The index was briefly on track to confirm a correction on Tuesday after U.S. President Donald Trump announced fresh tariffs on Canada.

Goldman Sachs 10,000 Small Businesses Voices brought 60 rural small business owners to Washington, D.C., advocating for policies to enhance economic growth. The delegation, representing 16 states, met with lawmakers and policymakers, including Small Business Administration Administrator Kelly Loeffler, to push for improved access to capital, workforce development, affordable child care, and reduced regulatory burdens.

A survey of rural small business owners found that 76% are concerned about accessing capital, 66% support tax code simplifications, and 63% feel regulatory burdens hinder their growth. Additionally, 70% struggle to attract workers, and 47% cite the lack of affordable child care as a major obstacle.

Goldman Sachs has committed $100 million to invest in rural communities, launching business education programs and supporting Community Development Financial Institutions. The company has already unlocked $37 million in funding and aims to expand to 20 states within five years.

As part of the initiative, radio personality Bobby Bones joined the event, highlighting the importance of advocacy. This effort aligns with a recent policy strategy report from Goldman Sachs and the Bipartisan Policy Center, aiming to level the playing field for small businesses by reducing barriers, fostering innovation, and improving workforce competitiveness.

Goldman Sachs Group (NYSE:GS) Shares Dip 6% As Apple Card Partnership Sale Explored

Goldman Sachs Group (NYSE:GS) recently appointed Elizabeth Overbay as CFO in its asset and wealth management division, signifying its focus on diversification. This follows board appointments of KC McClure and John Waldron, emphasizing governance and operational strengthening. Despite these appointments, the company's share price dipped 5.8% last quarter. Factors include the company's exploration of selling its Apple card partnership and a class-action settlement approval, possibly...

Goldman Wins Rare Solo Role on Blockbuster $19 Billion Deal

(Bloomberg) -- One of the biggest infrastructure deals in recent years has a clear winner on Wall Street: Goldman Sachs Group Inc. Most Read from BloombergTrump Administration Plans to Eliminate Dozens of Housing OfficesRepublican Mayor Braces for Tariffs: ‘We Didn’t Budget for This’How Upzoning in Cambridge Broke the YIMBY MoldNYC’s Finances Are Sinking With Gauge Falling to 11-Year LowRemembering the Landscape Architect Who Embraced the CityGoldman is currently the only investment bank working

Putin approves sale of Goldman Sachs' Russian unit to Armenian fund

President Vladimir Putin has authorised Armenian investment fund Balchug Capital's purchase of Goldman Sachs' unit in Russia, a government decree published on Friday showed, potentially paving the way for the U.S. bank to fully withdraw from Russia. Moscow has steadily tightened restrictions on foreign asset sales since the start of the conflict in Ukraine, with banks requiring Putin's approval for any deal. A source confirmed Goldman Sachs had entered into a binding agreement to dispose of its Russian subsidiary, subject to various conditions.

Goldman Sachs has filed an 8-K report that includes legal opinions and consents related to a registration statement. The filing incorporates an opinion from Davis Polk & Wardwell LLP, along with their consents, into the registration statement. The report does not indicate any major corporate developments or financial disclosures but focuses on regulatory compliance related to securities offerings.
The opinion letter from Davis Polk & Wardwell LLP, dated January 31, 2025, confirms the legality and enforceability of various securities issued by The Goldman Sachs Group, Inc. and its subsidiary GS Finance Corp. The letter provides legal opinions on the validity of senior debt securities, medium-term notes, and warrants under applicable indentures. It states that these securities, once properly issued, executed, and authenticated, will constitute valid and binding obligations, subject to standard legal limitations such as bankruptcy laws and equitable principles.

Key points from the opinion:
- The securities are legally enforceable under New York and Delaware law.
- The letter includes standard legal qualifications regarding fraudulent conveyance laws, enforceability limitations, and currency-related judgment enforcement in U.S. courts.
- The firm consents to the inclusion of their opinion in Goldman Sachs’ SEC filings but does not admit to being legally required to provide such consent under the Securities Act.

This opinion is typically included in SEC filings to assure investors and regulators of the legal soundness of the securities being issued.

Goldman Sachs Group, Inc. (NYSE: GS) has issued new debt securities totaling $8.5 billion as part of its financing strategy. The issuance, which was conducted under the company’s shelf registration statement, includes:

- $400 million Floating Rate Notes due 2031
- $2.1 billion 5.207% Fixed/Floating Rate Notes due 2031
- $3.0 billion 5.536% Fixed/Floating Rate Notes due 2036
- $3.0 billion 5.734% Fixed/Floating Rate Notes due 2056

Goldman Sachs filed a Certificate of Designations on January 21, 2025, establishing the terms of its 6.850% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series Z, with a liquidation preference of $25,000 per share. The issuance of this stock imposes restrictions on declaring or paying dividends on common stock if dividends on the Series Z Preferred Stock are not paid. The filing includes related exhibits, such as the terms of the Series Z Preferred Stock and legal opinions regarding its issuance.

Goldman Sachs Research released a report analyzing the growth in global data center capacity, power infrastructure, and the role of Green Reliability Premiums. The report highlights five key drivers influencing the upside and downside of this expansion, emphasizing the impact of customer responses to chip efficiency advancements and the broader implications for AI-driven innovation. It also explores how these developments could contribute to Sustainable Development Goals. For more insights, visit Goldman Sachs' research page.

Goldman Sachs announced key updates regarding its leadership and compensation policies. On January 16, 2025, the Board granted Retention RSUs worth $80 million each to CEO David Solomon and COO John Waldron, with a five-year vesting period, as part of the company’s strategy to ensure leadership stability and align their incentives with long-term shareholder value. The awards are subject to the firm’s clawback provisions and will only vest under specific conditions, such as continuous service and compliance with the company’s risk and governance policies. The initiative underscores the Board’s confidence in their leadership amid strategic execution and organizational growth.

Additionally, Goldman Sachs introduced a Long Term Executive Carried Interest Incentive Program (CIP), linking a portion of senior leaders’ compensation to the performance of the firm’s alternatives business. This program reflects Goldman Sachs' focus on scaling fee-based revenues in its Asset & Wealth Management division. The firm reported strong financial performance for 2024, including net revenues of $53.51 billion and net earnings of $14.28 billion, with a 48% increase in stock price and strengthened positioning across its core franchises. David Solomon's annual compensation for 2024 totaled $39 million, reflecting his leadership in advancing the firm’s strategic priorities and shareholder value creation.

The Goldman Sachs Group Inc (GS) Q4 2024 Earnings Call Highlights: Strong Financial Performance ...

Goldman Sachs reports robust earnings with a focus on growth and regulatory transparency, despite facing ongoing challenges in platform solutions and geopolitical risks.

Goldman Sachs Group, Inc. reported a strong financial performance for the full year and the fourth quarter of 2024. The company achieved a net revenue of $53.51 billion and net earnings of $14.28 billion for the year, with the fourth quarter contributing $13.87 billion in net revenues and $4.11 billion in net earnings. The diluted earnings per common share (EPS) for the year was $40.54, significantly rising from $22.87 in the previous year, and $11.95 for the fourth quarter. This performance reflects a robust growth in both revenues and profitability, underscoring the successful implementation of the firm's strategic objectives set five years ago.

The financial results were buoyed by substantial gains across various sectors. The Global Banking & Markets segment alone generated $34.94 billion, driven by record revenues in Equities and strong performances in Investment banking fees and Fixed Income, Currency and Commodities (FICC). The Asset & Wealth Management division also saw a remarkable year, generating $16.14 billion, with increases in management fees and private banking. Goldman Sachs maintained its top rank in worldwide announced and completed mergers and acquisitions, highlighting its dominant position in investment banking.

CEO David Solomon expressed satisfaction with the results, noting that the firm had met or exceeded nearly all targets from its five-year growth plan, leading to a near 50% revenue increase and enhanced franchise durability. With an improving operational backdrop and rising CEO confidence, Solomon emphasized the firm's ongoing commitment to serving its clients excellently and continuing to create shareholder value through strategic initiatives and capitalizing on market opportunities.

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Wall Street is starting to trim jobs as economic uncertainties mount

Goldman Sachs lowers S&amp;P 500 year-end target to 6,200

Goldman Sachs Group (NYSE:GS) Shares Dip 6% As Apple Card Partnership Sale Explored

Goldman Wins Rare Solo Role on Blockbuster $19 Billion Deal

Putin approves sale of Goldman Sachs' Russian unit to Armenian fund

The Goldman Sachs Group Inc (GS) Q4 2024 Earnings Call Highlights: Strong Financial Performance ...

Goldman Sachs Announces Creation of Capital Solutions Group | Goldman Sachs

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Goldman Sachs lowers S&P 500 year-end target to 6,200