Goldman Sachs news covering investment banking deals, trading results, asset management, executive moves, and Wall Street strategy.
Daan Struyven, co-head of global commodities research at Goldman Sachs, recommended using diesel contracts to hedge against crude oil price swings. This strategy addresses market uncertainty as potential new US sanctions on Iran have so far caused only modest price increases amid existing export restrictions.
Goldman Sachs lowered its Walmart price target to $130 from $141, citing slower U.S. comparable-sales growth. Other firms like BMO and Evercore noted tariff reinvestment in pricing, while Deutsche Bank and Oppenheimer highlighted comp growth slowdowns and pharmacy headwinds as key pressures.
Goldman Sachs is underwriting government share sales in India for the first time since 2022, marking its entry into a segment previously dominated by local finance giants. The bank has advised on five of ten major divestment transactions since December, including Life Insurance Corp of India's $3.3 billion secondary offering.
Goldman Sachs agreed to acquire NEOS Investments, the issuer of the QQQI ETF, for $2.25 billion. The deal adds approximately $30 billion in active income exchange-traded funds to Goldman Sachs Asset Management, despite QQQI trailing its benchmark over the past year.