Argus analyst Stephen Biggar keeps his Hold rating on Goldman Sachs after its Q1 earnings beat, saying the company's as "strength in underwriting, equities trading and securities lending offset weaker financial advisory revenue". Biggar further notes that as a "capital markets pure play", Goldman Sachs has move volatile earnings than other large global banks and is more dependent on client activity. The analyst further cites Q1 outperformance as a result of a "ripe environment" for Goldman's business mix, but does not expect market volatility to continue.

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Automotive data and software services provider Solera is weighing an initial public offering that may raise over $1B and has picked banks including Goldman Sachs (GS) and Morgan Stanley (MS) to work on the offering, people familiar with the matter told Bloomberg's Amy Or and Ryan Gould. Solera could launch an offering as soon as in July, the sources noted. Reference Link