Tag Archives: Goldman Sachs

Goldman Sachs Commodities Research raised its forecast for the price of Brent crude for the second and third quarters by $5 a barrel, after OPEC and its allies kept their agreement to cut supplies unchanged and said that “the discipline of shale oil producers” is likely behind the group’s increased …

Goldman Commodities Research raised its Brent crude oil price forecast of $10 for Q2 and Q3 of 2021, indicating lower expectations for stocks and higher cost margins for resuming upstream activities and speculative inflows. The American bank expects Brent prices to reach $70 a barrel in Q2, from the $60 …

Goldman Sachs said in a note that a wave of freezing weather in Texas caused blackouts and disruptions to refineries and pipelines that would have a limited and only temporary impact on the global oil market. Oil prices fell by up to 2% on Friday, due to fears that the …

Goldman Sachs Group announced a 153% increase in fourth-quarter profit today, Tuesday, driven by the strong performance of its core bond trading and underwriting activities, and an increase in mergers and acquisitions activities. The bank’s net profit attributable to ordinary shareholders rose to $ 4.36 billion in the quarter ended …

Weekly statistics on fund flows from Bank of America revealed that investors bought shares of financial companies and the energy sector last week, to initiate allocations in centres before US President-elect Joe Biden announced a stimulus package of $ 1.9 trillion. The US investment bank said, based on EPFR data, …

Goldman Sachs expects new government stimulus spending in the United States at around $750 billion during the first quarter (Q1) of 2021, after Democrats gained a majority in the U.S. Senate after winning the Georgia elections. This means that the Democratic Party will be in control of both the White …

US investment bank Goldman Sachs sharply cut its economic forecast for Europe in Q4 of the year after a jump in COVID-19 cases prompted major countries to announce partial closures in November. The bank said it expected real GDP in the euro area to shrink 2.3% in Q4, a major …

Bank of America (BoA) and Goldman Sachs (GS) both announce third-quarter earnings that beat estimates. Bank of America announced net income of $ 4.9 billion, or 0.51 per share (EPS), with consensus estimates at 0.49 Cents. In the same quarter last year, revenues were at $ 5.8 billion and $ …