Profile: The Goldman Sachs Group, Inc. is a leading global investment banking, securities, and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments, and individuals. The firm is headquartered in New York and maintains offices in all major financial centers around the world.
The firm’s Investment Banking services provide advice and services to help organizations with mergers and acquisitions, financing, and other transactions. The Consumer & Wealth Management division works with clients to achieve investment goals and financial well-being and bring an innovative approach to traditional consumer banking activities. The firm provides investment management solutions across all major asset classes to a diverse set of institutional and individual clients through their Asset Management service. Goldman Sachs Global Investment Research division provides original, fundamental insights and analysis for clients in the equity, fixed income, currency, and commodities markets.
History: Goldman Sachs was founded in New York City in 1869 by Marcus Goldman, In 1896, GS joined the New York Stock Exchange (NYSE).
Top Executives: Mr. David M. Solomon is the Chairman and Chief Executive Officer and Mr. John E. Waldron is the President and Chief Operating Officer.
Top Shareholders: Institutional investors hold majority ownership of Goldman Sachs through 70.81% ofthe outstanding shares that they control.
The Vanguard Group, led by Mortimer Buckley as chairman and CEO, is one of the largest investment companies in the world. The company has 24,409,774shares of GS. The Vanguard Group’s total stake in GS is 7.09% and the total value is worth $6,437,101,502.SSGA Funds Management, Inc. has 5.83% and BlackRock has 6.09%of stake in GS.
Sales: In the financial report (fourth-quarter) posted by GS in January 2021, net income attributable to common shareholders more than doubled, to $4.4 billion from $1.7 billion in the year-earlier period. Total revenue climbed 18% to $11.7 billion.
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