• Goldman Sachs' results just confirmed the biggest challenge facing its new CEO

    1 month ago - By Business Insider

    Goldman Sachs reported higher revenue and profit than a year ago during its second quarter earnings.
    Yet challenges remain for incoming CEO David Solomon, including in the firm's equities business where revenue was flat from the year prior.
    Goldman's peers, meanwhile, saw strong results in their own stock trading units.
    Solomon, a former investment banker, will need to lean heavily on a group of executives who have overseen the bank's trading division during a tumultuous few years.
    Goldman Sachs may have named a new CEO , but it faces an old challenge.
    The investment bank reported...
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  • Goldman Sachs names new CEO, profit beats; shares dip

    Goldman Sachs names new CEO, profit beats; shares dip

    1 month ago - By Reuters

    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.
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  • Goldman Sachs slides even after solid earnings and naming a new CEO

    Goldman Sachs slides even after solid earnings and naming a new CEO

    1 month ago - By Business Insider

    Goldman Sachs quickly gave up early gains on Tuesday, even after it reported solid second-quarter earnings and named David Solomon as its new CEO.
    The broader stock market was lower.
    Goldman's investment-banking unit is flush with deals to come.
    Watch Goldman Sachs trade in real time here .
    Goldman Sachs is down by 1% to $229.16 a share Tuesday after the bank reported better-than-expected earnings and named its new CEO.
    Earnings per share came in at $5.98, far better than Wall Street's expected $4.66. Revenue was $9.4 billion, beating estimates of $8.74 billion. Management also noted that...
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