Goldman Sachs (GS)

History of the Company

Goldman Sachs is a global investment bank based in New York that has been called “Wall Street’s #1 Dealmaker”. The firm was founded in 1869 by Marcus Goldman and its name was changed to Goldman Sachs in 1885 when Goldman’s son in law joined the firm. 

Goldman Sachs has a reputation as one of the top investment banks in the world whose clients include world governments, individuals, and corporations. The firm is also a major dealer in U.S. Treasury securities and since 1906 has underwritten IPOs for many different companies. 

Goldman Sachs went public in 1999, after years of internal debate. In the end, only 12% of the company initially went public, with later stock offerings increasing that percentage. 

During the subprime mortgage crisis in 2007-2008, Goldman Sachs predicted the collapse of the subprime market and took in huge profits by short-selling mortgage backed securities. These profits, as well as its actions during the 2008-2012 period, brought criticism and investigations from Congress and the Justice Department, as well as an SEC lawsuit that was settled out of court. The profits the company took while the market suffered heavy losses damaged its public image. 

Trading Goldman Sachs: What You Need to Know

  • While earnings from 2008-2012 were erratic during the subprime mortgage crisis and the resulting recession, they have recovered and now look poised for gains. Quarterly earnings reports are one of the most important things to look at when evaluating stock performance and predicting price movements. 
  • While Goldman Sachs’ reputation as the top investment bank has not been earned without controversy and legal implications, its long history has also shown that it is able to profit in any situation. Traders must analyze the financial data, annual reports, and future forecasts to determine how to trade Goldman Sachs. 
  • Analysts say that Goldman is a good choice for traders looking for a long-term investment opportunity.

Anyone who wants to trade Goldman Sachs stock should carefully analyze the market conditions and the future forecast for the company before trading.

Trade Goldman Sachs