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4-Traders Homepage  >  Equities  >  Nyse  >  Goldman Sachs Group Inc    GS

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Goldman Bought Knight Positions in Late Wednesday Block Sale, Charged $440 Million -CNBC

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08/03/2012 | 08:51pm CET

Goldman Sachs Group Inc. (>> Goldman Sachs Group, Inc.) helped Knight Capital Group Inc. (>> Knight Capital Group Inc.) unwind its unintended stock purchases late Wednesday, buying Knight's unwanted positions in one block sale, CNBC reported, citing people familiar with the matter.

Goldman charged $440 million for the transaction, the people said.

CNBC reported that Knight has three business days to settle.

In a statement early Thursday, Knight said it had "traded out of its entire erroneous trade position, which has resulted in a realized pre-tax loss of approximately $440 million."

The New York Times reported Friday that Knight is in discussions for a potential sale of its futures brokerage unit with R.J. O'Brien and other potential buyers, citing people briefed on the matter.

The Times report also mentioned Peak6 as a potential buyer of Knight assets.

Full story at http://www.cnbc.com/id/48489000 and http://dealbook.nytimes.com/2012/08/03/knight-said-to-hold-talks-to-sell-futures-brokerage-unit/

Write to nymonitoring@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article : Goldman Sachs Group, Inc., Knight Capital Group Inc.
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Financials ($)
Sales 2016 30 159 M
EBIT 2016 8 754 M
Net income 2016 6 674 M
Debt 2016 -
Yield 2016 1,10%
P/E ratio 2016 15,53
P/E ratio 2017 13,66
Capi. / Sales 2016 3,11x
Capi. / Sales 2017 2,95x
Capitalization 93 670 M
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 213 $
Spread / Average Target -9,5%
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Lloyd Craig Blankfein Chairman & Chief Executive Officer
Gary D. Cohn President, Chief Operating Officer & Director
Harvey Mitchell Schwartz Chief Financial Officer & Executive Vice President
R. Martin Chavez Chief Information Officer
James A. Johnson Independent Director
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