GS

InitiativeBeginning

CNBC AND GS are the new fed.

InitiativeBeginning

We started already CNBC and GS pivot ? Ah shit here we go again

thePBRismoldy

Booking a meeting with $GS today to get them to approve selling me a bespoke call option on clown emojis in this sub!

ArtigoQ

[GS is actually very bearish equities](https://i.imgur.com/0SnIddD.jpg) They had a way smaller allocation last year than most banks. They're in a prime spot to pick up these deals.

InitiativeBeginning

Cnba and GS we think next meeting fed going to cut rate 🤡🫵🏻

InitiativeBeginning

This wont stop unless jpow directly say on cnbc and GS analysts face that stfu

cheekybandit0

When will GS become the new Cramer

RutabagaLeather3665

GS buddies that are not best at what they do. Come they suck hiding 😶‍🌫️ the fact look 👀 at something before hand 🤚. They are : red hand cheats.

ResponsibilitySea327

Dude, Gary called her and his former GS buddies personally before hand.

Spiritual_Extreme_81

GS: pivot coming Reality: sold lots of bags 💼 to listeners

TeetsMcGeets23

Not worried. [Goldman Sachs economists estimated the seasonally adjusted (SA) month-over-month change was down 0.5%, and that median prices were down 4.2% SA from the peak: “The median sales price of all existing homes declined 0.5% month-over-month (sa by GS), corresponding to a year-over-year rate of -0.2%, and are now cumulatively down 4.2% from the May 2022 peak.”](https://www.calculatedriskblog.com/2023/03/goldman-seasonally-adjusted-median.html?m=1)

ReddittAppIsTerrible

Mine is GS. you think WF is in a better position than Boa, JPM, etc???

iRockYourMomsWorld

Probably just distractions for the sheeple to trick them into a trade on the wrong side of a Smart Brain GS trade

tropicalia84

Wasn't QQQ gigapumping because GS came out during banks collapsing saying fed was absolutely, unequivocally going to pause?

Pleasant-Lake-7245

GS should have listened to me. 🤷‍♂️

b_fellow

GS dumb as rocks. Somehow they are losing money in the credit card business

Sarcasm_and_Finesse

WSB is right more often than GS

EmergencyFair6786

Now that is being anecdotal. Not sure what we're arguing about here. Government positions like longevity. So if you're looking at entry level accountant positions you will see horribly low wages. Accountants in the US government are typically GS12 or higher. That's a minimum of around 70k plus INSANE benefits and pension. Total compensation is 50% over wage. My wife and I have both had state jobs. I am private sector now, probably transitioning back in a couple years. My insurance is 20k for family. The same in the state position was 6k. That alone is a 14k "raise". But I digress. Honestly, you don't even have to trust me on this. Just go online. " Total employer compensation costs for civilian workers averaged **$42.48** per hour worked in December 2022, the U.S. Bureau of Labor Statistics reported today. Wages and salaries cost employers $29.32 and accounted for 69.0 percent of total costs, while benefits cost $13.17 and accounted for the remaining 31.0 percent. Total employer compensation costs for state and local government averaged **$57.60** per hour worked. Wages and salaries averaged $35.69 per hour worked and represented 62.0 percent of total compensation costs, while benefit costs averaged $21.91 and accounted for the remaining 38.0 percent." "Retirement and savings costs for **private industry workers averaged $1.36 per hour worked** in December 2022 and accounted for 3.4 percent of total compensation costs. Retirement and savings costs for state and local **government workers averaged $7.48 per hour worked** in December 2022 and accounted for 13.0 percent of total compensation costs. Defined benefit costs averaged $0.41 per hour worked for private industry workers and $6.98 per hour worked for state and local government workers "

DoobsNDeeps

GS analysts issue public forecasts but the PMs actively bet against them. They're making a market for the bets they want to take.

putsRnotDaWae

He also gets tons of access to deals we could never dream of and can afford to be patient. OXY, GS, BAC, BYD, and even common shares he tap a massive network of executives in just about any industry for an edge in knowledge about trends if not outright insider information.

HelloItsMeXeno

It doesn't matter what GS says. Markets are pricing in a .25 hike at 88.6%, which means almost 90% expect a .25 hike.

tropicalia84

GS and other banks have been saying no way Fed can raise since the bank crisis. QQQ is up 4% higher than pre bank fallout on the sentiment the fed can’t raise rates anymore. Tech isn’t soaring because it thinks more hikes are coming. Market has a pause priced in.

tropicalia84

NDX is 4% higher than SVB/Bank crisis on the sentiment that the fed can no longer raise and will pause, not because they will keep raising rates. GS has been saying they will pause.

sadsa231

In 2007 Buffet bailout GS -> stock market down In 2023 Buffet bailout new bank -> ?

Droidvoid

AAPL innovates how to get people to pay more for their products lmao. Release a credit card with GS to get as many iPhones sold in a short period of time, let GS hold the bag, then move on to the next thing. Before you know it, they’ll be contracting directly with employers working it into their employment benefits 😂

boibig57

Thanks to the "must have a GS at all Walmarts" clause we had two GS that were legitimately four doors apart in the same exact shopping center. I remember going into one and preordering the Ness amiibo, then walking a few steps and ordering another with a separate email address.

Anerythristic

The mass store closings were key. I literally had a GS on the west side of a four lane road and a GS on the east side of that same road. One in the mall and one in the shopping center directly outside the same mall in my neighborhood. All this , while digital had already shrunk their customer base and physical media sales

Yorspider

Probably yes. I mean, GS certainly has jumped WAY WAY higher in the past, off of far less positive news.

Yorspider

GS is about to become a full blown gaming company in their own right. They have been prepping a ton of board games, and have been working on a new TCG, with physical cards tied to NFTs, allowing for a "YugiOh" like play environment, with "true rarity" and value to the cards. Enough to make Hasbro worried at least. They also have about 50 funded video games likely coming out over the next year and a half.

ProjectENIS

It feels like GS is saying 'You want another bank crisis? Hike even 1bps and I've got a crisis right here' Would not be surprised if the next bank to get it is related to GS or even GS itself.

Apelightningz

I feel like that happened today. These banks minus GS and JP (for the most part) are down anywhere between 60-90% YoY. The "our financial system is sound" was the exact same conversation in 2007-2008. Not fearmongering, just putting out some information.

RollingDoingGreat

Feels like any good news is priced in at this point. Careful what GS says

BourboneAFCV

Ah yes, GS, they are like the guy who said "China is gonna collapse in 30 days" and "South Africa is gonna collapse in two weeks", they don't have any idea ​ Its just gambling stuff

Snoyarc

It's been in every earnings for GS since the sneeze, maybe longer. People finally catching on that the shorts never closed and have just been kicking the can for as long as they could. Now Credit Suisse, FTX, and others are failing. 😊

INERTIAAAAAAA

Popcorn stock I get it. But can GS still be called a meme once it's back to being a profitable company ? 🤷‍♂️

programmingguy

The big banks that survived the GFC are the safest now....govt. has ensured their safety. Fortress balance sheet,basil, dodd Frank and all. Laws of universe were updated to prevent their failure. That's the reason I kept buying JPM, GS & MS at every dip during the pandemic.

zxc123zxc123

That's actually Goldman Sachs. But I guess JPM is the closest thing to GS on the consumer banking side.

on-the-gang

GS dip and ETSY dip looking cheap

Ok_Vacation3128

Damn I forgot about him. He was such a slimy bastard. I remember reading an article about him where his partners at GS roasted him alive, in spite of how much he was doing for them.

FancisJU

Where are the guys saying "FRC to the moon" and "GS is going to collapse"? FYI FRC is down 46%, GS is up 2% 

zxc123zxc123

>JPM eating BAC, GS, and C. lol no.

nafizzaki

Banking crisis, global bank run and interesting stuff and one of the attractive trade in this whole fiasco currently I think is in FRC. ​ The whole trade is based on the notion that FRC won't go bankrupt. If it does, then you most likely are gonna suffer a loss (I say most likely, because it's still probable that you might come out ahead). ​ So, the premiums on FRC are pretty high(as expected). ​ 31 March $12p is selling for around $3. ​ Which means if you sell contracts, you receive pretty good premium. ​ Now, you let the game play out. Your base assumption should be that it's going to breach your price and you will have to exercise. ​ Well, you let that happen. Now your base stock price is $9. ​ Now, you buy some protective puts (which are likely going to cost less than the current premium, how much exactly, no one knows in this volatile conditions). ​ And, you sell calls (which has a pretty high premium too) and keep on collecting those juicy premium. ​ So, basically, you risk nothing (massive lol), but have a probability of good gains. ​ ​ ​ Now, what if your base price isn't breached? Well, then congratulations, you made out pretty good already, move on. ​ What if it goes bankrupt? Well, let's just hope there's more than enough liquidity for you to allow your trades to occur as planned. ​ What if this... what if that? Think about some scenarios yourself, and understand the risk. ​ It's an incredibly risky trade, especially concerning the liquidity and stuff and that's why it's appropriate for WSB. But, understand the risks before you get into the trade. ​ Here's a 1 contract example: ​ Put options sold at strike of 14. ​ At 4.3 which means loss price would be 9.7. ​ Max loss 970(theoritical). ​ Now, if FRC goes below 14, allow it to exercise. ​ And then base price of stocks would be 9.7. ​ Now sell call options at high premium to reduce cost basis even further. ​ If premium received is 2(based on current IV structure), then base price is 7.7. ​ Hedging costs are likely to be 2.5(based on current delta and gamma structure), so that makes base price of 10.2. ​ ​ Net gain (probable)= 4.3+2-2.5=3.8. or 380 usd. ​ Loss chance: 0 usd (if strategy is executable, if there is no liquidity, then that's gonna turn into a max loss scenario). ​ Conclusion: almost free money glitch here. Get 380 usd, costs you 0 usd. ​ NB: there's always risk, in which case you incur a liability of holding 1020 usd of stock, and your loss would be the price you can sell it for - 1020. ​ Say, you sell for 800 ​ Then, you still make money. Around 180 usd. ​ Which is still unlikely to be high. ​ ​ max profit: no one knows. It could be even 3-4k usd (try to figure out my line of thinking). ​ But most likely is around 200-400 usd per contract. ​ ​ So, no risk, only gain in my book. ​ ​ ​ ​ ​ ​ Will FRC go bankrupt? ​ \-It's one of the well run banks with good profit margins in the past, has got backing if $30B in deposits from other banks(which is unusual and might seem like a sign of distrust, but think about it, banks like JPM, GS putting there money in a rival, with almost no monetary benefits, for me, it sounds good, although others might say, it's just the banks wanting to stop the contagion), has got $100B+ backstop from FED. ​ Plus, I don't see it likely that the US gov will allow another bank to fail, especially one like FRC. ​ ​ ​ PS: It's a highly volatile stock and a highly risky trade apt for the degens. Before you enter, understand the risk. Not financial advice. The numbers I used already got outdated before i finished writing it. xD

VisualMod

>Will FRC go bankrupt? -It's one of the well run banks with good profit margins in the past, has got backing if $30B in deposits from other banks(which is unusual and might seem like a sign of distrust, but think about it, banks like JPM, GS putting there money in a rival, with almost no monetary benefits, for me), has got $100B+ backstop from FED. Plus I don't see it likely that the US gov will allow another bank to fail specially one like FRC. PS: It's a highly volatile stock and trade apt for degens. Before you enter understand the risk. Not financial advice

templeton-p-bag

Per $GS (the pussies who said no hike this week): Banks with <$250bn of assets accounted for 50% of U.S. commercial and industrial lending, 60% of residential real estate lending, 80% of commercial real estate lending and 45% of consumer lending.

lipmanz

Ouch, I guess this is why GS said no more hikes

samonyx

There are 30 GSIBs, not just these 4 (many of which have a smaller presence outside of the US). Also MS is in the lowest tier of GSIBs. The globally systematically important banks officially are: Tier 4: JP Tier 3: BoA, Citi, HSBC Tier 2: Bank of China, Barclays, BNP, Deutsche, GS, ICBC, MUFG Tier 1: 19 banks including MS.

Ran-Tan-Plan

…surely they are also taken into account indirectly as the assets that the structurally important banks will hold a bunch of GS products. Keep your exposure to GS small enough and GS itself doesn’t really matter.

LostAbbott

With how deep the connections between GS and the US gov go, I don't see anyway they get in big trouble... With that said I think 2008 really gave JPM and BA a lot of political capital which they can spend now to protect themselves...

The-BEAST

Guarantee GS up 2+% tomorrow

LostAbbott

GS is likely the only safe bank to buy right now...

trainwreck001

GS 

trainwreck001

SO Now with FLAGSTAR BANK on the CHOPPING BLOCK... How do we play this? GS Next?

trainwreck001

GS ?

trainwreck001

Dis GS OK this?

ChrispyChicken1208

GS isn’t failing anytime soon

trainwreck001

GS is already under Federal Scrutiny for Credit "Incinsistantcies"

trainwreck001

GS has been doing some Fuk Fuk for quite a while.

FancisJU

WSB is probably the only place where you will see contradictory craps like "FRC will moon" and "GS is going to crash"

trainwreck001

They gonna crash GS now.

indaba888

Of course Satan GS makes out on all of this, bring back tar and feathers!!!

erebuxy

Imo Fed will go down before GS

basedMAGAmer

My work is very closely related to regulatory capital at a large bank and for some additional context you can see the current GSIB scores for big banks [here](https://www.financialresearch.gov/bank-systemic-risk-monitor/), just click on the U.S. G-SIB Surcharges tab for the relevant numbers. Pretty much all big banks are on the list and in my opinion just being there isn't enough to be too big to fail, but if you're one of the top banks you're penalized by being forced to hold more capital and there's an unspoken agreement that you'll get bailed out if you need it (JPM, C, GS, and MS).

tigerkingsam

GS??? Wrong stock

Christmastree94

Out of all you regards it appears I am the only one who actually shorted GS at 2.25. I hope there is a market tomorrow where I can cover my position and not be stuck in a trading halt.

cchackal

i have puts in GS so im gonna just go and say....GS?

PapiGoneGamer

Plus two of our largest banks (JPM/GS) have direct exposure to CS

CorndogFiddlesticks

I would look at any of the banks who lent to Republic to keep it afloat [https://www.cnbc.com/2023/03/16/group-of-financial-institutions-in-talks-to-deposit-about-20-billion-in-first-republic-sources-say.html](https://www.cnn.com/2023/03/16/investing/first-republic-bank/index.html#:~:text=The%20major%20banks%20include%20JPMorgan,a%20tumultuous%20moment%20for%20lenders) List: * JPMorgan Chase (JPM) * Bank of America (BAC) * Wells Fargo (WF) * Citigroup (C) * Truist (TFC) * Goldman Sachs (GS) * Morgan Stanley (MS) * PNC (PNC) * U S Bankcorp (USB) * State Street (STT) * Bank of New York Mellon (BK) I own GS and USB, and am accumulating them right now. I personally won't ever own WF. Many people here like JPM and that's an easy bet.

sldunn

Biden literally voted to get rid of the GS act in 1999 > Biden (D-DE), Yea Measure Number: S. 900 (Gramm-Leach-Bliley Act ) > Measure Title: An Act to enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, and other financial service providers, and for other purposes. > Biden (D-DE), Yea https://www.senate.gov/legislative/LIS/roll_call_votes/vote1061/vote_106_1_00354.htm

Ok_Vermicelli_9259

GS definitely fucked SIVB hard no doubt, kind of shit that should probably be illegal

AW-408

Wasn’t Powell the one that says there was be casualties once this tightening cycle is over? Who cares a few banks goes dow? If the big banks go down JPM, GS, Citibank, B of A, I would then be a little worried. $300b injected back on fed balance sheet just made Bitcoin and other crypto spike. That’s exactly what the Feds don’t want to happen. People moving away from green back to crypto for safety? Kinda sad if people think crypto holds more face value than USD.

CooperHoya

You don’t seem to understand the dynamic here. It has to do with interest rates increasing to decrease the trading “market” prices of issued bonds. Since banks issue loans and have other bonds, those bonds have a lower “fire sale” value then at origination at a lower rate. Since banks aren’t expecting to fire sale their assets, they hold them to maturity. In this case, people are looking at the mortgage book and saying that the prices are lower. 99% of all issued mortgages were lower than the offer rate based on a report issued by GS earlier in the week. So if there is a force to sell and FRC fails, every bank (186 was the number I saw) will also face the same fate. So, spiking interest rates hurts all banks, and the government and industry won’t want to risk this. There are numerous other second order effects, but you can probably figure that out.

Spiritual_Extreme_81

Better off going with a GS imo no multi bags but a nice return

oldmansalvatore

The risk which the Fed is addressing is not flight from banking, but flight to strength. BoA, JP, GS etc. have stronger balance sheets. When you move 50% of your corporate funds out of a regional bank, you would want to go to a larger, and therefore safer, institution. If people started doubting the Fed's support to smaller institutions, it could lead to systemic movement of deposits up the ladder, leading to cascading failures at smaller institutions. This would be very disruptive in the short run, and would lead to an even more concentrated oligopolistic market structure in the long run, but the Fed's response to the SVB failure should make this entire scenario less likely.

secondchanceswork

Puts on GS

Space-Booties

A couple senators that weren’t paid for by the banks tried to put GS in Dodd Frank but if I remember correctly just a few weeks before voting on it they pulled it from the bill. It’s going to take an apocalyptic crash to get the guard rails out back on.

Fifteen_inches

We really need to make banks understand that GS is the compromise position.

Own_Tackle4514

How long do I hold my last URI put for grabbed 3 415p 4/14 @ 4.55 last week, dumped one for 250% the other for 400% and the last one is at 930% lol. TBF this was one of the only trades this year I did based on TA, shit has been in a rising wedge for 7 months. If TA is true then this should get to 325 by May imho. On another note I'm still long short on ULTA for similar reasons sold off my GS I grabbed a month ago

Ok_Vermicelli_9259

think how much money GS made buying SIVB bonds

ArcadesRed

Banks fought GS for 67 years. They will never let it happen again. They started crashing the housing market almost the second it was repealed.

VisualMod

>20 MEMBERS OF CALIFORNIA CONGRESSIONAL DELEGATION REQUEST DOJ, FDIC, SEC INVESTIGATION INTO GOLDMAN SACHS’ ROLE IN SVB COLLAPSE $GS ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2023-03-17 ^14:59:36 ^EDT-0400

LostAbbott

Yup Dodd Frank was a shit show of Congress men trying to make themselves feel important and show the public they were "doing something". All they needed to do was vote GS back into law and no longer can banks fuck with the rest of the economy so thoroughly...

Idbuytht4adollar

Imagine being a dumb bool having GS and JPM convince you for a year that all bad news is good for the stock market so they can dump on you when we head into a reccesion

Telkorenar

i bought 5 shares of GS (329 buy price) when the banks first dipped, but it def dipped some more. i'm filing this in my hold section because i'm confident the major banks will recover. i was just a bit too early on the trigger

Awkward-Stable-7890

How dare you mention them in the same sentence as GS. They aren’t even ants to Goldman

denlyk

Agree....MS, JP, GS and Citi all strong-armed to save crappy Republic Bank tells you this bank crisis is going much deeper. The flight to bonds was mind numbing over the last week. Take shelter until this crap blows over because it ain't over by a long shot.

Pretty_Mongoose_4388

Might as well light another GS fire in the market.

DegenateMurseRN

“Some of the biggest U.S. banking names including JPMorgan Chase & Co (JPM.N), Citigroup Inc (C.N), Bank of America Corp (BAC.N), Wells Fargo & Co (WFC.N), Goldman Sachs (GS.N) and Morgan Stanley (MS.N) were involved in the rescue, according to a statement from the banks.”