Welcome to our dedicated page for Goldman Sachs Group news (Ticker: GS), a resource for investors and traders seeking the latest updates and insights on Goldman Sachs Group stock.
The Goldman Sachs Group, Inc. reports news across its investment banking, global markets, lending, asset management and wealth management businesses. Recurring developments include earnings releases, capital and debt-market activity, governance updates, and disclosures tied to its listed common stock, preferred depositary shares, capital securities and medium-term notes.
Company news also includes activity from Goldman Sachs Asset Management, Goldman Sachs Alternatives and related investment platforms, including growth-equity investments, enterprise technology financings, AI-focused partnerships and specialty-finance vehicles externally managed by Goldman Sachs Asset Management. These updates reflect the firm’s role as a global financial institution, asset manager and capital provider.
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GridStor has announced the acquisition of a development portfolio of battery storage projects in the Los Angeles area from Upstream Energy. The projects will provide over 500 MW / 2,000 MWh of capacity, enough to power 375,000 California homes. These projects, planned to go online between 2024 and 2026, are crucial for California’s goal of a carbon-free electricity system by 2045. GridStor aims to enhance grid reliability, integrate renewable energy, and support local clean energy initiatives while creating construction jobs.
The Goldman Sachs Group, Inc. (NYSE: GS) has appointed Kevin R. Johnson as an independent director, effective October 26, 2022. Johnson, the former President and CEO of Starbucks, brings extensive experience in leadership and global brand management. He will also be part of the Governance, Compensation, and Risk Committees. His previous roles include CEO of Juniper Networks and senior positions at Microsoft. The Board anticipates benefiting from Johnson's insights on consumer leadership, technology, and international business.
Goldman Sachs (NYSE:GS) has recognized Deepak Garg, CEO of SEW, as one of the Most Exceptional Entrepreneurs of 2022 during its Builders and Innovators Summit held in Healdsburg, California. SEW, which has expanded to over 1,150 employees in 37 countries, focuses on providing digital platforms for customer experience, workforce experience, and intelligent analytics in energy and water sectors. Garg emphasized SEW's commitment to sustainability and innovation, highlighting the award's significance as a motivation for continued growth.
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On October 20, 2022, Qontigo announced an expanded partnership with Goldman Sachs Group (NYSE: GS) to enhance investment analytics solutions. Qontigo will now integrate its Axioma Portfolio Optimizer and Equity Factor Risk Models into Goldman Sachs' Financial Cloud for Data and Marquee platform, providing institutional clients with improved portfolio management tools. This collaboration aims to enable clients to better assess risk, optimize strategies, and make informed investment decisions, leveraging advanced analytics to drive performance.
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Gatik, a leader in autonomous middle mile logistics, announced CEO Gautam Narang was honored by Goldman Sachs (NYSE:GS) as one of the Most Exceptional Entrepreneurs of 2022. Narang will be recognized at the Builders and Innovators Summit in Healdsburg, California, for his leadership in achieving industry-first fully driverless milestones. Since its founding in 2017, Gatik has made significant strides, including partnerships with major retailers and groundbreaking autonomous delivery operations in both the U.S. and Canada.