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.
Bank of America Corp. warned of worsening loan default problems Monday even as it posted a first-quarter profit of $2.81 billion. Investors concerned about the banking industry's health sent financial stocks and the overall market sharply lower.
European stock markets rose today, with Wall Street expected to open higher, following better than expected earnings from U.S. banking giant Citigroup Inc. and General Electric Corp.
Citigroup Inc. Chief Executive Vikram Pandit put his credibility on the line last month when he wrote a memo saying the bank, after five consecutive quarters of losses, at last was profitable. It turns out that depends on which definition of “profit” is used.
JPMorgan Chase said today it earned $2.14 billion for the first quarter, thanks to rising deposits and lower borrowing rates. The profit was 10 percent lower than last year, but better than expected.
Investors picked up consumer staples and industrials stocks today but remained cautious after getting more evidence that the economy is still struggling.
Stocks fell Tuesday after an unexpected drop in retail sales and producer prices tested a notion that the economy is starting to find its footing.
Goldman Sachs Group Inc. has beat Wall Street's earnings expectations, reporting profit of $1.7 billion during the first three months of this year. It's another sign that banks may be turning themselves around.
The executive may rank as highest paid chief on Wall Street, even after taking a 34% cut from the lofty $70 million pay package he took home in 2007.
For most of us, the best alternative to a prescription sleep inducer is a discussion about insurance.
The chief executive of Goldman Sachs Group Inc. today called for new standards on how Wall Street executives are compensated and new regulation of large hedge funds and private-equity funds.
Public pensionN executives are accelerating a move into indexed assets in the face of disappointing returns from active managers and to get a better handle on their risks.
Commercial banks lost $9.2 billion trading derivatives during the fourth quarter as the credit crisis intensified, according to a report released today by the Office of the Comptroller of the Currency.
Three former investment managers in Boston are planning to launch a hedge fund in April, according to a report published by FINalternatives, a news service of Stone Street Media LLC.
Stifel Financial Corp. said Monday it plans to buy back all auction rate securities held by its retail investors, who bought them prior to the collapse of the ARS market in February 2008.
The Securities and Exchange Commission on Wednesday settled a charge that 14 trading firms cheated customers out of millions of dollars.
