secwatch.observer — SEC 8-K summary
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Issuer:     GOLDMAN SACHS GROUP INC (GS)
CIK:        0000886982
Form:       8-K
Filed at:   2024-06-28T23:59:59+00:00
Accession:  0001193125-24-172403
Event type: regulatory
Sentiment:  negative
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Goldman Sachs receives Stress Capital Buffer of 6.4%; proposes dividend increase to $3.00/share
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- Federal Reserve sets SCB at 6.4%, raising Standardized CET1 requirement to 13.9% effective Oct 1, 2024.
- CEO David Solomon states increase does not reflect strategic evolution and reduced stress loss intensity.
- Firm proposes raising common stock dividend from $2.75 to $3.00 per share, subject to Board approval.
- Capital plan emphasizes investing in interconnected businesses at accretive returns amid regulatory landscape.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/886982/000119312524172403/0001193125-24-172403-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/886982/000119312524172403/d853438d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-172403

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer