Goldman Sachs (GS) Offering Possible 26.58% Return Over the Next 13 Calendar Days

Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $325.00 short put and a strike $320.00 long put offers a potential 26.58% return on risk over the next 13 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $325.00 by expiration. The full premium credit of $1.05 would be kept by the premium seller. The risk of $3.95 would be incurred if the stock dropped below the $320.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Goldman Sachs is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Goldman Sachs is bullish.

The RSI indicator is at 70.67 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here


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(Bloomberg) — SoftBank Group Corp.’s Chief Strategy Officer Katsunori Sago is planning to quit after less than three years at the company, as other executives gain prominence at the Japanese investment conglomerate.The Goldman Sachs veteran who joined SoftBank in June 2018 will resign on March 31, SoftBank said in a statement late on Friday. The Tokyo-based company was confirming an earlier report by Bloomberg News.The 53-year-old is a key member of founder Masayoshi Son’s inner circle and something of a celebrity in Japan’s world of finance. Prior to joining SoftBank, Sago spent more than two decades at Goldman Sachs Group Inc., rising to become vice chairman of its operations in the country. During a three-year stint at state-owned Japan Post Bank Co., he spearheaded a portfolio shift away from sovereign bonds.But little is known about his work at SoftBank. The company has never clearly defined his role as CSO, a position that did not exist prior to his joining. Over the past few years, he has assembled a small team of former Goldman bankers and set up an investment department in April.“Sago-san dedicated himself to a variety of projects by bringing a whole new perspective as SBG transforms into a strategic investment holding company,” Son said in the statement. “He played a crucial part in expanding SBG’s potential as an investment company.”Rumors about his departure began to circulate late last year as Sago seemed increasingly adrift while other Son lieutenants, including Chief Operating Officer Marcelo Claure and Vision Fund head Rajeev Misra, began to take more prominent roles in public markets and startup investment.In November, SoftBank said Sago and three other directors will leave the board in an effort to increase the proportion of outside directors and improve corporate governance. The executive earned 1.11 billion yen ($10.2 million) in the year ended March 2020, a 13% increase from the previous year.(Updates with SoftBank confirmation from the first paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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Goldman Follows Rivals in Setting Net-Zero Emissions Targets
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(Bloomberg) — Three days after new Citigroup Inc. Chief Executive Officer Jane Fraser outlined a net-zero greenhouse-gas emissions target, Goldman Sachs Group Inc. CEO David Solomon is following suit.Goldman is joining rivals in pledging to achieve the goal in its financing activities by 2050, and for supply chains by 2030, Solomon said Thursday in a letter posted on the bank’s website. The bank has also joined the United Nations’ Principles for Responsible Banking, a group of 217 firms that agreed to align their businesses with global efforts to address climate change and other sustainability issues.Solomon said Goldman will set interim business-related climate targets by the end of the year.“Though we’ve made progress on our sustainable finance goals, one thing is clear: To make even further progress, collaboration is vital, especially in the short term,” Solomon said in the letter. “We encourage business leaders from all industries to join these collective efforts.”U.S. banks, which are the biggest financiers of fossil-fuel companies, have lagged behind some of their European counterparts in addressing global warming. JPMorgan Chase & Co. was the biggest financier of fossil fuels last year, according to data compiled by Bloomberg. Goldman ranks 17th.Environmental advocates have argued that many of the finance industry’s net-zero targets are set too far ahead and don’t mention any plans to stop financing fossil fuels.Goldman at the end of 2019 said it was targeting $750 billion for “climate transition and inclusive growth finance” over the coming decade. Solomon said the bank has already reached $156 billion of that total, including $93 billion focused on climate transition.Goldman also joined a group called OS-Climate Initiative, which includes Amazon.com Inc., Microsoft Corp. and London Stock Exchange Group Plc, to develop open-source climate data and tools, Solomon said. The bank also plans to add carbon accounting to its investment tool, Marquee, to help clients with their carbon footprints.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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