GS Stock Recent News

Goldman Sachs is moving its annual headcount-cutting ritual from fall to spring this year. Reports suggested between 3% to 5% of Goldman's employees could be at risk.

Goldman Sachs reportedly plans to cut 3% to 5% of its staff in an annual review process. The cut would amount to about 1,395 jobs and would be a larger reduction than the one the Wall Street firm made during a review in September, Reuters reported Tuesday (March 4), citing unnamed sources.

The move will see 3% to 5% of the bank's global workforce of 46,500 cut, sources familiar with the matter told The Post.

Not surprisingly, the stock market was having a rather weak day on Tuesday, after President Trump's tariffs went into effect on Canada, Mexico, and China. As of 12:15 p.m.

The head of Goldman Sachs in Spain and Portugal, Olaf Diaz-Pintado, will retire this summer and be replaced by two internal executives to allow for an orderly transition, according to an internal memorandum seen by Reuters.

The Goldman Sachs, The Progressive, Boston Scientific and Cooper-Standard are included in this Analyst Blog.

There's no question the financial services industry is home to some of the world's most dominant businesses. One such company -- Goldman Sachs (GS 2.86%) -- certainly stands out, especially in the area of capital markets and deal-making.

Investors might be surprised to learn that in the past five years, shares of Goldman Sachs (GS 2.86%) have soared 186%. Including the company's dividend, the total return achieved was 219%.

Expectations of a banner year in dealmaking have not yet materialized due to worries about inflation and uncertainties over U.S. government policy, and that is weighing on Goldman Sachs's current valuation, analysts said.

Recently, Zacks.com users have been paying close attention to Goldman (GS). This makes it worthwhile to examine what the stock has in store.