The Latest Breaking News from Goldman Sachs

 

Some Wall Street banks slashed their profit estimates for Chinese companies, citing the recent Covid resurgence and subsequent lockdowns, Bloomberg reports. China's Covid Zero policy has dealt a heavy blow to the economy, as stringent restrictions pressure supply chains and chill consumption.  A week-long lockdown that shut down much of Shanghai…

Goldman Sachs Group Inc's (NYSE:GS) short percent of float has risen 6.0% since its last report. The company recently reported that it has 5.40 million shares sold short, which is 1.59% of all regular shares that are available for trading.

Verizon Communications, Inc (NYSE: VZ) slid more than 4% lower on Monday after Goldman Sachs downgraded the stock from Buy to Neutral.

Someone with a lot of money to spend has taken a bearish stance on Goldman Sachs Group (NYSE:GS). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

Verizon Communications Inc. (NYSE: VZ) shares are trading lower by 4.23% at $49.72 after Goldman Sachs downgraded the stock from Buy to Neutral.

 

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Goldman Sachs Group Inc (NYSE:GS) reported bank Morgan Stanley (NYSE:MS) to Hong Kong’s financial regulator over a series of block trades, Financial Times reported citing people familiar with the matter.  As part of an “informal” discussion, Goldman alerted the territory’s Securities and Futures Commission three years ago about share price drops in a few Hong…

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