Office address: 200 West Street, New York, NY 10282
Website: goldmansachs.com
Year established: 1869
Company type: financial services
Employees: 46,000+
Expertise: investment banking, asset management, wealth management, capital markets, M&A advisory, equities trading, fixed income, private equity, digital banking, transaction banking
Parent company: N/A
Key people: David Solomon (CEO), John Waldron (COO), Denis Coleman (CFO), John F.W. Rogers (EVP), Alex Golten (chief risk officer), Carey Halio (global treasurer), Sheara Fredman (chief accounting officer)
Financing status: corporation
Goldman Sachs is a global financial services firm based in New York. The company offers investment banking, asset management, wealth management, and digital banking, managing over $2 trillion in assets. With more than 46,000 employees, it is known for its top-rated expertise and strong client relationships.
Goldman Sachs traces its story back to 1869, when Marcus Goldman set up a small office in Lower Manhattan. He offered local merchants a new way to get credit by buying their promissory notes, which helped shape the commercial paper business.
By the late 1800s, the firm had become Goldman, Sachs & Co. It also joined the NYSE in 1896 and gained a reputation for financial innovation.
Over the twentieth century, Goldman Sachs expanded across the US and into Europe, building a strong investment banking business. The firm introduced the price-to-earnings ratio as a new way to value companies, which became an industry standard. In the 1930s, Sidney Weinberg led the firm through the Great Depression and helped it become a top player in underwriting and trading.
The firm kept growing by opening offices in London, Tokyo, and Zurich in the 1970s while also acquiring J. Aron & Company in 1981. In 1999, Goldman Sachs became a public company, trading on the NYSE under the ticker GS.
The 2000s brought new challenges, but the firm stayed strong. It moved into new headquarters at 200 West Street and launched major initiatives like 10,000 Women and 10,000 Small Businesses.
In recent years, the company has focused on technology and consumer banking, launching Marcus and partnering with Apple for the Apple Card. The firm has also committed to sustainability and diversity, with major investments in climate and inclusive growth.
In 2024, Goldman Sachs announced a $1 billion stake in T. Rowe Price, a leading asset management firm. The firm aimed to create new investment options for retirement clients and financial advisors through the partnership.
Goldman Sachs offers a wide range of financial products designed for institutional, corporate, and individual clients. Its solutions include:
These offerings are supported by advanced technology, global resources, and a strong focus on client service. Goldman Sachs also invests in sustainable finance and digital innovation to supplement its core products.
Goldman Sachs states that its culture is driven by teamwork and a focus on collective achievement. The company reports that collaboration and a sense of belonging are central to its approach. Its values are:
According to the company, employees have access to coaching, mentorship, and a range of benefits:
Goldman Sachs also welcomes over 2,600 new analysts and associates to more than 60 offices each summer. Students participate in programs and events that offer real-world business exposure and networking opportunities.
David Solomon is the chairperson and CEO of Goldman Sachs and chairs the board of directors. Before this, Solomon was president and COO, and earlier led investment banking and financing groups. He also chairs Hamilton College’s board and serves on boards for the Robin Hood Foundation, NewYork-Presbyterian Hospital, and the Paley Center for Media.
The executive team at Goldman Sachs leads the firm’s strategy and daily operations:
Goldman Sachs’s leadership team focuses on strong performance and responsible management for clients, shareholders, and employees.
Goldman Sachs released a report showing family offices are investing heavily in men’s sports, with far less interest in women’s leagues. It found that family offices are about four times more likely to invest in men’s sports than in women’s. By tracking these trends and advising on large deals, the firm helps clients find new opportunities in the growing sports investment market.
Goldman Sachs Asset Management also released a study showing that alternative investments grow more popular as wealth increases, especially among millennials. The report shows 91 percent of $20 million households use alternatives, and millennials allocate 20 percent to them. The company continues to share these findings to guide clients and advisors on market trends and private investment opportunities.
The financial regulatory reform legislation sought by the Obama administration, mired just weeks ago in a partisan congressional logjam, is likely to be passed by early summer, with major implications for the securities industry, a leading industry lobbyist said last week.
Equities rallied for the first part of last week, reaching new highs for the current cycle on Thursday, before falling sharply on Friday on news that US regulators are suing Goldman Sachs over alleged fraud in connection with its collateralized debt obligation business.
Newly released internal emails seem to show that the Wall Street titan looked to sell bonds the firm found too risky to hold
Goldman Sachs boss Lloyd Blankfein is testifying in Congress today. Yesterday, a Senate panel released Goldman e-mails that may not enhance the firm's reputation with some clients
At Goldman Sachs' annual stockholders meeting May 7, a group of nuns will raise some uncomfortable issues.
A Berkshire director says Warren Buffett is 'not concerned' about his massive investment in the Wall Street giant, despite the stock's recent losses | <a href= http://www.investmentnews.com/apps/pbcs.dll/section?category=advisercommunity&plckForumPage=ForumDiscussion&plckDiscussionId=Cat%3a3eccdd60-6dc9-4da5-99ea-8c411eeadc3fForum%3a673a3c8f-4a68-4cb5-8010-611c600b9f0cDiscussion%3a39465fdd-cf5d-4131-b99f-c8abb27559e2>Adviser chatter: Time to buy or sell GS stock?</a>
The value of Warren Buffett's options to buy Goldman Sachs Group Inc. shares dropped by $950 million after regulators sued the bank for misleading clients on the sale of securities tied to the subprime mortgage market.
While executives of The Goldman Sachs Group Inc. were getting grilled on Capitol Hill about deals involving mortgage-related securities, another division of the company quietly made headlines of a different sort.
Stocks are trading in a narrow range after the government said the economy grew at a slightly slower pace than expected in the first quarter.
Let the whole story out, come clean with what happened, and you might come out of this with your reputation and franchise intact.
Retail investors are flocking to new funds from BlackRock, Goldman Sachs and others that offer some protection against rising rates.
MF Global Holdings Ltd. missed a shot in January 2008 to stop the broker whose unauthorized trades a month later cost the firm $141 million and helped start a slide that wiped out $3 billion in shareholder equity.
Now that the Securities and Exchange Commission has unofficially declared Goldman Sachs Group Inc. to be the big bad wolf of the 2007-2009 financial crisis, what should investors do?
A Congressman wants to know if the fraud charges filed against the Wall Street titan have anything to do with the finanical reform bill pending in the Senate
The Securities and Exchange Commission has taken a big gamble by going after The Goldman Sachs Group Inc. Wall Street's premier investment bank has the will and legal firepower to fight back.
