Goldman Sachs Files 8-K on Financials and Preferred Stock
Ticker: GSCE · Form: 8-K · Filed: Apr 15, 2024 · CIK: 886982
| Field | Detail |
|---|---|
| Company | Goldman Sachs Group INC (GSCE) |
| Form Type | 8-K |
| Filed Date | Apr 15, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-condition, preferred-stock, disclosure
Related Tickers: GS
TL;DR
GS dropped an 8-K detailing preferred stock series and financial condition.
AI Summary
On April 15, 2024, Goldman Sachs Group Inc. filed an 8-K to report on its results of operations and financial condition. The filing includes information on various preferred stock series, including the 6.375% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K, and the 5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital II.
Why It Matters
This filing provides investors with updated financial information and details regarding Goldman Sachs' preferred stock offerings, which are crucial for understanding the company's capital structure and financial health.
Risk Assessment
Risk Level: low — The filing is a routine disclosure of financial information and preferred stock details, not indicating any immediate new risks.
Key Numbers
- 6.375% — Fixed Rate (Series K Preferred Stock)
- 5.793% — Fixed Rate (Goldman Sachs Capital II Securities)
Key Players & Entities
- GOLDMAN SACHS GROUP INC (company) — Filer
- 6.375% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series K (dollar_amount) — Preferred Stock Series
- 5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities of Goldman Sachs Capital II (dollar_amount) — Preferred Stock Series
- 20240415 (date) — Filing Date
FAQ
What specific financial results are detailed in this 8-K filing?
The filing primarily concerns the company's results of operations and financial condition, with specific details on preferred stock series rather than a comprehensive breakdown of quarterly earnings.
What is the purpose of filing an 8-K on April 15, 2024?
The purpose is to report on the Results of Operations and Financial Condition, as well as provide Regulation FD Disclosure and Financial Statements and Exhibits.
What are the key characteristics of the Series K Preferred Stock mentioned?
The Series K Preferred Stock is described as having a 6.375% Fixed-to-Floating Rate Non-Cumulative interest.
What is Goldman Sachs Capital II's role in this filing?
Goldman Sachs Capital II is associated with the 5.793% Fixed-to-Floating Rate Normal Automatic Preferred Enhanced Capital Securities mentioned in the filing.
Does this filing indicate any new debt issuances or significant changes in financial strategy?
The filing focuses on existing preferred stock series and general financial condition reporting, not on new debt issuances or strategic shifts.
Filing Stats: 869 words · 3 min read · ~3 pages · Grade level 9.6 · Accepted 2024-04-15 07:32:59
Filing Documents
- d817877d8k.htm (8-K) — 45KB
- d817877dex991.htm (EX-99.1) — 471KB
- d817877dex992.htm (EX-99.2) — 35KB
- g817877dsp017.jpg (GRAPHIC) — 32KB
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- g817877dsp030.jpg (GRAPHIC) — 627KB
- g817877dsp032.jpg (GRAPHIC) — 70KB
- g817877g62t25.jpg (GRAPHIC) — 7KB
- g817877g80a15.jpg (GRAPHIC) — 269KB
- g817877g80a16.jpg (GRAPHIC) — 332KB
- g817877g80a17.jpg (GRAPHIC) — 402KB
- 0001193125-24-095511.txt ( ) — 5792KB
- gs-20240415.xsd (EX-101.SCH) — 5KB
- gs-20240415_def.xml (EX-101.DEF) — 16KB
- gs-20240415_lab.xml (EX-101.LAB) — 29KB
- gs-20240415_pre.xml (EX-101.PRE) — 18KB
- d817877d8k_htm.xml (XML) — 16KB
02 Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits SIGNATURE Exhibit 99.1: PRESS RELEASE Exhibit 99.2: PRESENTATION Item2.02 Results of Operations and Financial Condition. On April 15, 2024, The Goldman Sachs Group, Inc. (Group Inc. and, together with its consolidated subsidiaries, the firm) reported its earnings for the first quarter ended March 31, 2024. A copy of Group Inc.'s press release containing this information is attached as Exhibit 99.1 to this Report on Form 8-K and is incorporated herein by reference. Item7.01 Regulation FD Disclosure. On April 15, 2024, at 9:30 a.m. (ET), the firm will hold a conference call to discuss the firm's financial results, outlook and related matters. A copy of the presentation for the conference call is attached as Exhibit 99.2 to this Report on Form 8-K. Item9.01 Financial Statements and Exhibits. (d) Exhibits. 99.1 Press release of Group Inc. dated April 15, 2024 containing financial information for its first quarter ended March 31, 2024. The quotation on page 1 of Exhibit 99.1 and the information under the caption "Highlights" on the following page (Excluded Sections) shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (Exchange Act) or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of Group Inc. under the Securities Act of 1933 or the Exchange Act. The information included in Exhibit 99.1, other than in the Excluded Sections, shall be deemed "filed" for purposes of the Exchange Act. 99.2 Presentation of Group Inc. dated April 15, 2024, for the conference call on April 15, 2024. Exhibit 99.2 is being furnished pursuant to Item 7.01 of Form 8-K and the information included therein shall not be deemed "filed" for purposes of Section 18 of the Exchange Act or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing