Browsing Tag
Goldman Sachs
191 posts
JPMorgan earns $15.3bn but disappoints Wall Street. What went wrong in Q3?
JPMorgan Chase delivered higher third-quarter revenue and profit, but weaker fixed-income trading, rising expenses and an investment securities loss contributed to an earnings miss.
Goldman Sachs earnings jump as equities trading drives $18.68bn revenue quarter
The Goldman Sachs Group, Inc. reported third-quarter revenue of $18.68 billion and diluted earnings of $17.01 per share, supported by strong equities trading, higher investment banking fees and expanding asset management revenue.
Medtronic’s MiniMed split attracts massive shareholder demand. Why will only 18.3% of tendered shares be accepted?
Medtronic's exchange offer for MiniMed was heavily oversubscribed, with the company preparing to transfer its remaining diabetes business stake and reduce its share count.
Tencent plans new dollar and yuan bond sale months after $4.66bn issue
Tencent is preparing another multi-currency debt offering under its $30bn note programme, but the size and final pricing remain open as the Chinese technology group tests demand for maturities extending as far as 30 years.
Why Amazon may shift $8bn of NVIDIA chips to investors as AI costs surge
Amazon is reportedly discussing a structure that could place about $8 billion of NVIDIA Grace Blackwell chips into an investor-backed vehicle and lease the hardware back, testing whether outside capital can shoulder more of the extraordinary cost of the AI infrastructure boom.
Cineplex launches strategic review as Bill Walker takes CEO role and board weighs company sale
Cineplex is exploring a potential sale as Bill Walker takes over as CEO following record summer box office and stronger cash flow.
Oura files Nasdaq IPO as $11bn valuation meets profit surge
Oura has filed for a Nasdaq IPO after nine-month revenue jumped 74% to $1.21 billion and net income reached $60.8 million. The smart-ring company has 5 million paying members and membership gross margins of 89%, but hardware still produces 80% of revenue. Its public-market test is whether investors value Oura as a consumer-device maker or a recurring health-intelligence platform.
Wella’s IPO looks like a beauty growth story until the $2.29bn balance-sheet number enters the picture
Wella Company has filed for a New York Stock Exchange IPO after returning to profit and lifting adjusted EBITDA above $520 million. The owner of Wella Professionals, OPI, Clairol and ghd has delivered 22 consecutive quarters of constant-currency growth, but $2.29 billion of debt means the eventual valuation will depend as much on deleveraging as brand strength.
USI nearly tripled revenue under KKR, but Aon is paying 14.5 times synergised EBITDA for the next stage
Aon is paying $17 billion for privately held USI Insurance Services only two years after its $13 billion NFP acquisition. The transaction gives KKR a sixfold return on its original 2017 equity, but Aon’s 9.5% share-price fall shows investors are focusing just as closely on leverage, a 14.5-times synergised EBITDA multiple and the cost of integrating another major insurance brokerage.
NVIDIA forecasts first $100bn quarter as Data Center revenue surges 117%
NVIDIA Q2 revenue doubled to $96.2B as Data Center sales hit $89B and Q3 guidance reached a record $108B.