Shares of Goldman Sachs Group Inc. (GS 3.00%) plunged 5% in active trading on Tuesday after its earnings failed to meet Wall Street's expectations. So what Goldman reported earnings of $5.15 per share, below the consensus forecast of $5.31 per share.
Full Answer
How much would Goldman Sachs lose if it were to collapse?
The Fed also estimates that Goldman would incur about $18.3 billion of loan losses and end up taking a $12.7 billion pre-tax loss over the nine quarters.
Why did Goldman Sachs downgrade Coinbase stock?
The downgrade was due to the continued fall in crypto prices and the ensuing fall in industry activity levels, Goldman said. Coinbase shares dropped 5.7% to $59.40 in pre-market trading.
What do the stress testing results mean for Goldman Sachs?
The stress testing results could lead to a lower required CET1 ratio for Goldman, which the bank will likely disclose more information about on Monday. Lower capital ratios usually mean higher capital returns for shareholders.
What does Goldman Sachs' CET1 capital ratio indicate?
During this time, Goldman Sachs would see its common equity tier 1 (CET1) capital ratio, a measure of a bank's core capital expressed as a percentage of its risk-weighted assets such as loans, fall from 14.2% to 8.4%.
Why oil price fall today?
Oil falls on demand worries over Shanghai's new partial lockdowns. Oil prices fell on Friday but still hovered near three-month highs, with fears over new COVID-19 lockdown measures in Shanghai outweighing solid demand for fuels in the world's top consumer United States.
What happened Crude oil today?
Brent crude futures fell 83 cents, or 0.8%, to $118.98 a barrel, while U.S. West Texas Intermediate (WTI) crude futures fell to $116.79 a barrel, down 80 cents, or 0.7%.
Will oil prices go down in 2022?
Oil prices have surged, with benchmark West Texas Intermediate (WTI) crude jumping from an average $71 per barrel in December 2021 to $109 in May 2022.
Will oil stocks go up?
Oil and gas prices are rising wildly in 2022, and they're unlikely to stop anytime soon. These high levels should bode well for these top energy stocks. It's been quite a year for energy stocks.
Who controls the price of oil today?
The price of oil fluctuates according to three main factors: current supply, future supply, and expected global demand. Members of OPEC control 40% of the world's oil.
How much is oil a barrel right now?
WTI Oil Prices In US DollarWTI OilUS DollarUS Dollar1 Barrel104.4 USD1 USD2 Barrel208.8 USD2 USD5 Barrel522 USD5 USD10 Barrel1043.9 USD10 USD5 more rows•4 days ago
What is the price of oil today?
WTI Crude107.5+3.23Brent Crude113.0+2.95Murban Crude118.2+5.31Natural Gas6.199-0.040Gasoline •2 days3.891+0.1253 more rows
Will oil prices continue to rise in 2022?
Oil, gasoline prices to pare gains but remain high through 2022, 2023: EIA.
Is Goldman Sachs stock a Buy, Sell or Hold?
Goldman Sachs stock has received a consensus rating of buy. The average rating score is and is based on 39 buy ratings, 16 hold ratings, and 4 sell...
What was the 52-week low for Goldman Sachs stock?
The low in the last 52 weeks of Goldman Sachs stock was 286.88. According to the current price, Goldman Sachs is 100.05% away from the 52-week low.
What was the 52-week high for Goldman Sachs stock?
The high in the last 52 weeks of Goldman Sachs stock was 426.14. According to the current price, Goldman Sachs is 67.35% away from the 52-week high.
What are analysts forecasts for Goldman Sachs stock?
The 59 analysts offering price forecasts for Goldman Sachs have a median target of 376.72, with a high estimate of 576.00 and a low estimate of 19....