Tag Archives: Goldman Sachs

The latest data on employment, Fannie Mae’s third-quarter results and Goldman Sachs’ mortgage settlement target are making the news. Here’s how these three seemingly disparate events are affecting the housing market.

Solomon succeeds Lloyd Blankfein, one of the longest-serving Wall Street CEOs. Solomon, the bank's current president, will take over as CEO on October 1 and add the chairman title at the start of next year.

Goldman Sachs released its earnings from Q1 2017. Overall, the bank reported revenues of $8.03 billion, and net earnings of $2.26 billion at the end of the quarter on March 31. However, the bank still failed to meet Wall Street expectations. Thomson Reuters had predicted Goldman Sachs share value to be $5.31 a share, and the actual value was $5.15 a share.

The first and second quarters of 2016 told two different stories for Goldman Sachs as far as earnings and overall business operations.

Investment banking firm, Goldman Sachs, is the latest financial firm to have its profits take a turn for the worse, following plummeting incomes reported from JPMorgan Chase, Citigroup, Bank of America, Wells Fargo, and PNC.

Goldman Sachs finalized a settlement announced earlier this year, stating that it has agreed to settle federal and state investigations probes concerning the sale of toxic residential mortgage-backed securities in the time leading up to the financial crisis.

The firm's recent multi-billion dollar settlement to resolve claims of mortgage-backed securities fraud put a huge dent in their profits for the fourth quarter.

The investment banking firm is the latest on a list of banks to agree to settle federal and state investigations probes for allegedly selling bad RMBS in the time period leading up to the financial crisis.

Citigroup Inc., experienced a substantially profitable third quarter and U.S. Bancorp's earnings marginally increased, while Goldman Sachs fell short of expectations.

Goldman Sachs won a class action lawsuit accusing the investment banking firm of knowingly selling toxic mortgage-backed securities to hedge fund Dodona I and other investors in 2007 before the financial crisis, according to media reports.