Goldman Sachs 's Stock Price

816 Words Jul 7th, 2016 4 Pages
Goldman Sachs 's stock price declined $8.40 from $156.98 as of March 31, 2016 to $148.58 as of June 30, 2016. This 5% decrease is largely the result of poor performance in an uncertain and volatile macroeconomic environment. The Company 's revenue in the first quarter of 2016 decreased $4.28 billion as compared to the first quarter of 2015, falling from $10.62 billion in Q1 2015 to $6.34 billion in Q1 of 2016. This 40% decline can be attributed to historically low oil prices, investor uncertainty regarding the outlook of the global economy, and a sharp decline in revenue from investment banking activities. While conditions moderately improved in Q2 2016, the financial sector faces a new wave of uncertainty in the wake of Britain 's departure from the European Union. Following Britain 's historic referendum, shares of Goldman Sachs fell 6.1%, as reported by the Financial Times. As such, the Company has begun cutting costs, most notably by urging executives to dial back costs associated with travel to clients. Additionally, the Company has laid off dozens of employees in response to the slowdown in investment banking activities. The decrease in Goldman Sachs 's stock price reflects the uncertainty and turbulence of the current economic environment. Wal-Mart 's stock price increased $4.53 from $68.49 as of March 31, 2016 to $73.02 as of June 30, 2016. After a dismal 2015, the company embarked on a strategy to address key risks and has taken several…

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