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Goldman Sachs Group, Inc. (GS) Remains embedded overbought on RSI..
By: Options Mike | November 27, 2022
• $GS Remains embedded overbought on RSI.. strong name held the 8D and about to clear 390.
400 Next resistance.
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The Goldman Sachs Group, Inc. (GS) COO John E. Waldron Sells 3,371 Shares
By: MarketBeat | November 25, 2022
• The Goldman Sachs Group, Inc. (NYSE:GS - Get Rating) COO John E. Waldron sold 3,371 shares of the company's stock in a transaction on Friday, November 25th. The stock was sold at an average price of $385.98, for a total value of $1,301,138.58. Following the sale, the chief operating officer now owns 76,683 shares of the company's stock, valued at approximately $29,598,104.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link...
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Goldman Sachs Group, Inc. (GS) Beautiful consolidation on the 8D so far
By: Options Mike | November 20, 2022
• $GS Beautiful consolidation on the 8D so far. that holds room to 400.
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ITS TIME TO SHORT THESE VIPERS!!!!!!!
Brian J. Lee Sells 10,000 Shares of The Goldman Sachs Group, Inc. (GS) Stock
By: Market Beat | November 15, 2022
• The Goldman Sachs Group, Inc. (NYSE:GS - Get Rating) insider Brian J. Lee sold 10,000 shares of the stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $385.84, for a total transaction of $3,858,400.00. Following the completion of the transaction, the insider now owns 13,656 shares in the company, valued at approximately $5,269,031.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website...
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Bulls Used This Rallying Bank Stock Goldman Sachs (GS) to Double Their Money
By: Schaeffer's Investment Research | November 14, 2022
• Weekend Trader Alert subscribers did not miss out on Goldman Sach's surge
• Shares are now trading at their highest level since January
Subscribers to our Schaeffer's Weekend Trader Alert service scored a 100% profit with our recommended Goldman Sachs Group Inc (NYSE:GS) January 20, 2023 340-strike call in just over one week. Below, we will dive into why we suggested that call in the first place, and how the trade played out so quickly.
At the time of our recommendation on Sunday, Oct. 30, we noted how the security had staged multiple pullbacks to its ascending 36-month moving average and its 2018 peak. The shares had also pushed above the 252-day trendline, which acted as resistance in September.
What's more, Goldman Sachs stock was fresh off a positive post-earnings reaction, and closed above a trendline connecting lower highs since Nov. 21. Short interest had surged to its highest level in over two years in mid-August, too, and shorts seemed to be in the early stages of covering.
The equity continued to rally -- up 13% since our recommendation -- and is now eyeing its sixth gain in the last seven sessions. Last seen up 0.2% at $386.24, shares are also now trading at their highest level since January. Shares have also added 31.8% so far this quarter, and conquered its year-to-date breakeven level.
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Goldman Sachs Group, Inc. (GS) This move on GS one for the ages
By: Options Mike | November 13, 2022
• $GS This move on GS one for the ages. No way I touch it up here long. Let it find the 8D and see if it holds it.
RSI screaming.
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Goldman Sachs Group, Inc. (GS) Bit extended rather buy a dip to the 8D 370 next target here
By: Options Mike | November 6, 2022
• $GS Not waiting around, bit extended rather buy a dip to the 8D 370 next target here.
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Goldman Sachs - How the big banks make their money
By: Bullish Rippers | November 4, 2022
• How the big banks make their money $GS
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Goldman Sachs Group (GS) Stock Conquers Long-Term Trendline
By: Schaeffer's Investment Research | November 2, 2022
• Goldman Sachs is fresh off a positive post-earnings reaction
• GS has been showing signs of life recently
Goldman Sachs Group Inc (NYSE:GS) stock is showing signs of life. Since June, the security has staged multiple pullbacks to its ascending 36-month (or three-year) moving average, as well as its 2018 peak. Furthermore, the equity just pushed above its 252-day moving average, which acted as resistance in September, just one day after moving above a trendline of potential resistance from its lower highs since August.
The equity is also fresh off a positive post-earnings reaction, and last week closed above a trendline connecting lower highs since November 21. Plus, GS is above the $336 level, which is 1.2 times its June closing low, and $339, which is 0.8 times its all-time closing high.
Short interest hit its highest level in over two years in mid-August. Now, shorts are in the early stages of covering, with total short interest still about 20% above this year’s low point in May. Anyone that shorted since May is now underwater.
Analysts have been growing increasingly cautious on GS despite its recent rally, which could signal a big shift in trend, with several downgrades since July. Our recommended January 2023 call has a leverage ratio of 4.8 and will double in value on an 11.8% pop in the underlying shares.
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Goldman Sachs (GS) Clear leader, 345 next resistance, could use a reconnect with the 8D
By: Options Mike | October 30, 2022
• $GS clear leader, 345 next resistance, could use a reconnect with the 8D.
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The Goldman Sachs Group (GS) Given Consensus Rating of "Hold" by Analysts
By: MarketBeat | October 28, 2022
• The Goldman Sachs Group, Inc. (NYSE:GS - Get Rating) has been given an average rating of "Hold" by the eighteen research firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $400.19...
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Goldman Sachs Group, Inc. (GS) Took out the earnings high. Over the 50 and 200D now. 335 next resistance
By: Options Mike | October 23, 2022
• $GS Took out the earnings high. Over the 50 and 200D now. 335 next resistance.
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$GS CFO: "On consumer side, we're seeing some signs of credit deterioration & increase in charge-offs
By: The Transcript | October 18, 2022
• $GS CFO: "On consumer side, we're seeing some signs of credit deterioration & increase in charge-offs or credit performance remains in line with our expectations...we're closely monitoring the portfolio & actively adjusting our underwriting in light of softening macro outlook"
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Restructuring Plans, Quarterly Win Boost Goldman Sachs Group (GS) Stock
By: Schaeffer's Investment Research | October 18, 2022
• Goldman Sachs CEO David Solomon warned of a potential recession
• GS could today conquer resistance at the 100-day moving average
Goldman Sachs Group Inc (NYSE:GS) stepped into the earnings confessional today to report better-than-expected third-quarter earnings of $8.25 per share and a revenue win. The bank concern also announced restructuring plans, with the company set to split into three units amid a year-over-year drop in quarterly profits, and rising interest rates that have hurt both deal-making and valuations. Additionally, Goldman Sachs CEO David Solomon warned there is a "good chance" the U.S. economy will see a recession.
Last seen up 4.6% to trade at $320.75, the equity is looking to add to yesterday's 2.2% pop. The shares are bouncing off their lowest level since mid-July, and attempting to conquer overhead pressure at the 100-day moving average. Year-to-date, GS is still 16.7% lower, however.
The options pits have been extremely bearish of late. This is per Goldman Sachs stock's 50-day put/call volume ratio of 1.11 over at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which stands higher than 96% of annual readings. This means long puts have been getting picked up at a much faster-than-usual clip.
The tides appear to be shifting, though. So far today, 8,980 calls and 6,603 puts have already crossed the tape, which is five times the average intraday volume. Most popular is the October 330 call, followed by the 325 call in that same series, both of which expire at the close this Friday.
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Goldman Sachs $GS Earnings report on Tuesday! Can Goldman hold the higher low?
By: TrendSpider | October 17, 2022
• $GS Earnings report on Tuesday! Can Goldman hold the higher low?
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Earnings Preview: Goldman Sachs Group Inc. (NYSE: GS)
By: 24/7 Wall St. | October 14, 2022
• Here is a preview for four companies set to report quarterly results first thing Tuesday morning.
Goldman Sachs
Goldman Sachs Group Inc. (NYSE: GS) has posted a 12-month share price decline of about 19.5%. The continued slowdown in IPOs and M&A likely hit will the firm’s investment banking revenue harder than the rise in net interest income will boost its overall revenue. A new initiative launched this week with Apple to offer a high-yield savings account to Apple Card holders is unlikely to bear fruit for a few quarters. Even then, it is unlikely to make up the revenue declines in investment banking.
Of the 26 analysts covering the firm, 18 have a rating of Buy or Strong Buy and seven more have Hold ratings. At a share price of around $305.40, the upside potential based on a median price target of $370.00 is 21.2%. At the high price target of $483.00, the implied upside is 58.2%.
Third-quarter revenue is forecast to come in at $111.53 billion, a decline of about 2.8% sequentially and a drop of 15.3% year over year. Adjusted EPS are forecast at $7.51, down 2.8% sequentially and 98.8% lower year over year. The current estimates for the 2022 fiscal year call for revenue of $47.26 billion, down 20.4%, and EPS of $33.67, down about 43.4%.
The stock trades at 9.1 times expected 2022 EPS, 8.2 times estimated 2023 earnings of $37.34 and 7.4 times estimated 2024 earnings of $41.60. Its 52-week trading range is $277.84 to $426.16. Goldman Sachs pays an annual dividend of $10.00 (yield of 3.4%). Total shareholder return for the past 12 months was negative 19.4%.
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The Goldman Sachs Group (GS) Stock Rating Upgraded by Keefe, Bruyette & Woods
By: MarketBeat | October 6, 2022
• The Goldman Sachs Group (NYSE:GS - Get Rating) was upgraded by equities researchers at Keefe, Bruyette & Woods from a "market perform" rating to an "outperform" rating in a research report issued on Thursday, The Fly reports...
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The Goldman Sachs Group, Inc. (GS) Given Consensus Rating of "Hold" by Brokerages
By: MarketBeat | October 3, 2022
• The Goldman Sachs Group, Inc. (NYSE:GS - Get Rating) has earned an average rating of "Hold" from the sixteen ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $410.79...
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Goldman Sachs (GS) Stock Boasts Scary Good Seasonality in October
By: Schaeffer's Investment Research | October 3, 2022
• Plus, 24 more names to own this month
• Goldman Sachs is the best performing bank and blue-chip stock this month, historically
Blue-chip bank giant Goldman Sachs Group Inc (NYSE:GS) is off to a promising start this month, last seen up 2.2% at $299.48, as the market tries to brush off some of the pain felt by Wall Street in September. The security has managed to keep some distance from its current perch and its July 14 annual low of $277.84. This is thanks to a floor at the $290 region, though it hasn't been able to break out above the $301 mark since gapping below here several weeks prior. The good news is, Goldman Sachs has seasonality on its side, and could stage a breakout this month, if history is any indication.
Schaeffer's Senior Quantitative Analyst Rocky White just conducted a study highlighting the 25 best performing S&P 500 Index (SPX) stocks in October, going back 10 years. According to White's data, GS has seen positive returns during nine of these years, averaging a 4% monthly pop. This makes Goldman Sachs stock the best bank stock on the list, as well as the top performing Dow member. Should GS make a similar move this month, it would put the security just below the $312 level.
The stock could be overdue for a short-term bounce, regardless. The equity's 14-day Relative Strength Index (RSI) of 19 puts in well into "oversold" territory.
An unwinding of pessimism among options traders could also be on the horizon. At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), GS sports a 50-day put/call volume ratio of 1.14, which sits in the 99th percentile of its annual range. In other words, long puts have rarely been more popular during the past year.
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WALL STREET SWINE IS GOING TO PAY A HEAVY PRICE FOR THEIR CRIMINAL MANIPULATION OF THE MARKETS, ITS ALL TUMBLING DOWN AND MANY OF THE BLOATDED OVER LEVERAGED GLUTTONS WILL GO INSOLVENT!!!!!!!
BEWARE: MULTIPLE BANK FAILURES COMING!!!!!!
Goldman Sachs (GS) Relative strength as it's still way off the June Lows
By: Options Mike | September 25, 2022
• $GS Relative strength as it's still way off the June Lows. Notable.
That is what we are looking for.
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The Goldman Sachs Group, Inc. (GS) Short Interest Update
By: MarketBeat | September 19, 2022
• The Goldman Sachs Group, Inc. (NYSE:GS - Get Rating) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 5,010,000 shares, a decrease of 9.9% from the August 15th total of 5,560,000 shares. Based on an average daily volume of 2,340,000 shares, the short-interest ratio is presently 2.1 days...
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Goldman Sachs Group, Inc. (GS) Holding in slightly better, 32.50 continues to be support
By: Options Mike | September 18, 2022
• $GS Lost the 50D Friday, not far yet through... 320 is a support area for this one then 315.
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Goldman Sachs consumer banking unit under Fed scrutiny - Bloomberg Law
By: Reuters | September 16, 2022
Goldman Sachs Group Inc's consumer banking unit is being reviewed by the Federal Reserve, Bloomberg Law reported on Friday, citing people familiar with the matter.
Goldman's management has been subjected to questions and follow-ups from the central bank's officials for several weeks, the report said, adding that the process was still ongoing. (https://
Goldman Sachs (NYSE:GS) and the Fed declined to comment.
Goldman Chief Executive Officer David Solomon has sought to reduce the bank's reliance on volatile trading and investment banking by shifting focus to its consumer bank.
Internal projections at the bank show its consumer unit, Marcus, will record losses of more than $1.2 billion this year, Bloomberg News reported in June.
Marcus was launched in 2016 and was originally expected to make profits in 2021, but the cost of investing in new products and acquisitions derailed those projections.
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Goldman Sachs Group Inc Sells 83,312 Shares of The Goldman Sachs Group, Inc. (GS) Stock
By: MarketBeat | September 13, 2022
• The Goldman Sachs Group, Inc. (NYSE:GS - Get Rating) Director Goldman Sachs Group Inc sold 83,312 shares of the company's stock in a transaction dated Friday, September 9th. The shares were sold at an average price of $26.45, for a total transaction of $2,203,602.40. Following the sale, the director now owns 867,075 shares of the company's stock, valued at $22,934,133.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website...
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Goldman Sachs (GS) Stock Brushes Off Steep Price-Target Cut
By: Schaeffer's Investment Research | September 12, 2022
• The financial services name's credit card loan loss rate is the worst among U.S. lenders
• The equity is today eyeing its fourth-straight daily win
Goldman Sachs Group Inc (NYSE:GS) is brushing off a steep price-target cut from Deutsche Bank to $370 from $430, last seen up 0.9% to trade at $343.44. The financial services concern is in focus after reports its credit card loan loss rate is the worst among U.S. issuers, and well above that of subprime lenders. Over a quarter of the company's credit card customers have a credit score below 660, leaving it exposed to substantial losses in the event of a recession.
The equity is extending a bounce off a pullback to the $325 region, and is now eyeing a fourth-straight daily win. The 50-day moving average is guiding the shares higher as well, after moving in as support in mid-July. Year-over-year, though, Goldman Sachs stock has shed 15.2%.
The options pits remain firmly bearish, per the security's 10-day put/call volume ratio of 1.27 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks higher than 94% of readings from the past year. In other words, traders have been picking up puts at a much faster-than-usual pace lately.
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Goldman Sachs (GS) Not as strong last week, if they want to rotate in banks this one can push more..
By: Options Mike | September 10, 2022
• $GS not as strong last week, if they want to rotate in banks this one can push more.. 345 next resistance then 350.
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Insider Selling: The Goldman Sachs Group, Inc. (GS) Director Sells 87,974 Shares of Stock
By: MarketBeat | September 9, 2022
• The Goldman Sachs Group, Inc. (NYSE:GS - Get Rating) Director Goldman Sachs Group Inc sold 87,974 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $24.81, for a total value of $2,182,634.94. Following the completion of the sale, the director now directly owns 610,975 shares in the company, valued at approximately $15,158,289.75. The sale was disclosed in a legal filing with the SEC, which is available at this link...
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The Goldman Sachs Group (GS) Cut to "Sell" at Odeon Capital Group
By: MarketBeat | September 6, 2022
• The Goldman Sachs Group (NYSE:GS - Get Rating) was downgraded by research analysts at Odeon Capital Group from a "hold" rating to a "sell" rating in a research note issued to investors on Tuesday, The Fly reports...
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Goldman Sachs (GS) Still well above the 50D showing r/s. If banks bounce one to keep a eye on
By: Options Mike | September 5, 2022
• $GS Still well above the 50D showing r/s. If banks bounce one to keep a eye on.
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Goldman Sachs Group Inc Sells 31,735 Shares of The Goldman Sachs Group, Inc. (GS) Stock
By: MarketBeat | August 31, 2022
• The Goldman Sachs Group, Inc. (NYSE:GS - Get Rating) Director Goldman Sachs Group Inc sold 31,735 shares of the firm's stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $25.09, for a total value of $796,231.15. Following the transaction, the director now owns 486,769 shares of the company's stock, valued at approximately $12,213,034.21. The transaction was disclosed in a document filed with the SEC, which is available through this link...
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The Goldman Sachs Group, Inc. (GS) Short Interest Up 5.9% in August
By: MarketBeat | September 1, 2022
• The Goldman Sachs Group, Inc. (NYSE:GS - Get Rating) was the target of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 5,560,000 shares, a growth of 5.9% from the July 31st total of 5,250,000 shares. Currently, 1.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,380,000 shares, the days-to-cover ratio is presently 2.3 days...
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Goldman Sachs Stronger bank right now, just under the 8D
By: Options Mike | August 21, 2022
• $GS Stronger bank right now, just under the 8D. Next support would be the 21/200D which are coming together.
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The Goldman Sachs Group (GS) Director Goldman Sachs Group Inc Sells 89,959 Shares
By: MarketBeat | August 19, 2022
• The Goldman Sachs Group, Inc. (NYSE:GS - Get Rating) Director Goldman Sachs Group Inc sold 89,959 shares of the business's stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $26.71, for a total transaction of $2,402,804.89. Following the completion of the sale, the director now directly owns 313,371 shares of the company's stock, valued at $8,370,139.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink...
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The Goldman Sachs Group, Inc. (GS) Director Goldman Sachs Group Inc Sells 78,131 Shares
By: MarketBeat | August 17, 2022
• The Goldman Sachs Group, Inc. (NYSE:GS - Get Rating) Director Goldman Sachs Group Inc sold 78,131 shares of the business's stock in a transaction dated Monday, August 15th. The stock was sold at an average price of $27.01, for a total transaction of $2,110,318.31. Following the transaction, the director now owns 439,180 shares in the company, valued at $11,862,251.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink...
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Goldman Sachs Move to the 200D on watch now
By: Options Mike | August 7, 2022
• $GS Move to the 200D on watch now.
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Goldman Sachs (GS) leading the banks.. 200D next target on this one
By: Options Mike | July 31, 2022
• $GS leading the banks.. 200D next target on this one.
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$GS SIZE ~ 2.52 million shares at $324.12 #darkpool activity ~ Avg Vol 2.61 mil
By: Money Flow Mel | July 25, 2022
• $GS SIZE #darkpool activity ~ 2.52 million shares at $324.12 ~ Avg Vol 2.61 mil.
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Goldman Sachs The other big bank that is leading.. again very extended here look for the 8D to catch up
By: Options Mike | July 24, 2022
• $GS The other big bank that is leading.. again very extended here look for the 8D to catch up. Chasing banks has always been bad for me.
330 Next target if it continues.
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Goldman Sachs (GS) Makes Morningstar Undervalued Stocks List
By: TheStreet | July 22, 2022
• Morningstar created a list of stocks that fell to 'significantly undervalued' levels in the past month, compared to their estimates.
With the S&P 500 dropping 17% so far this year, many stocks have sunk to attractive valuations in some experts’ eyes.
The market now trades at about a 15% discount to fair value, as estimated by Morningstar analysts.
The firm put together a list of stocks that fell to “significantly undervalued” levels in the past month compared to Morningstar’s fair value estimates.
Then it filtered that list to include only companies that receive a moat from Morningstar analysts. That means the companies “hold a competitive advantage over their peers, through things such as high switching costs or intangible assets like patents,” Morningstar said.
Here are the eight companies on its list, in order of discounts from Morningstar’s fair value estimates. The valuation discounts are from July 19...
* * *
Morningstar’s Take on Goldman Sachs
It has “made progress on the strategic plan that it laid out at the beginning of 2020 and set even more ambitious goals in 2022,” Morningstar analyst Michael Wong wrote in a commentary.
“The company is now targeting a medium-term return on tangible equity (ROTE) of 15% to 17%…, an expense ratio goal of about 60% and growth targets for its asset management and consumer banking businesses.”
Wong isn’t sure the company can do all of that in three years. But “we forecast the company will exceed 15% ROTE … after its consumer business has reached a more profitable scale.”
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$GS Descending triangle breakout this AM after crushing analyst EPS estimates
By: TrendSpider | July 18, 2022
• $GS Descending triangle breakout this AM after crushing analyst EPS estimates.
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Goldman profit beat, easing rate-hike bets drive futures higher
By: Reuters | July 18, 2022
• U.S. stock index futures on Monday extended gains from the previous week in the run-up to another round of earnings from big U.S. banks on easing bets of a super-sized interest-rate hike by the Federal Reserve.
(Reuters) – U.S. stock indexes looked set to open higher on Monday after Goldman Sachs beat profit expectations, extending last week’s positive momentum amid easing bets of a super-sized interest-rate hike by the Federal Reserve.
Dow futures rose nearly 300 points in premarket trading, picking up from Friday when U.S. economic data showed stronger-than-expected retail sales, an uptick in consumer sentiment, and lower inflation expectations.
“You’re getting the feeling that perhaps all the bad news is out of the way and investors are looking to see if this would be a reasonable entry point,” said Rick Meckler, partner at Cherry Lane Investments.
Goldman Sachs gained 3.4% as it reported a smaller-than-expected 48% slump in second-quarter profit, helped by strength in its fixed-income trading. The investment banking giant’s results follow upbeat quarterly results from Citigroup Inc on Friday.
Most big U.S. banks were higher on Monday, but Bank of America Corp fell 0.9% after posting a nearly 34% drop in second-quarter profit.
At 8:22 a.m. ET, Dow e-minis were up 282 points, or 0.9%, S&P 500 e-minis were up 31.75 points, or 0.82%, and Nasdaq 100 e-minis were up 117.5 points, or 0.98%.
U.S. futures, however, pulled back from session highs, tracking a fall in European markets after Russia’s Gazprom declared force majeure on some gas supplies to Europe.
Among other shares, Boeing Co jumped 4% after Delta Air Lines said it will buy 100 MAX 10 jets worth about $13.5 billion at list prices and has options to buy another 30 at the Farnborough air show.
With second-quarter earnings season in full swing, analysts now expect aggregate year-on-year S&P 500 second-quarter profit growth of 5.6%, down from the 6.8% estimate at the beginning of the quarter, according to Refinitiv data.
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The Goldman Sachs Group (GS) PT Lowered to $360.00 at Citigroup
By: MarketBeat | July 12, 2022
• The Goldman Sachs Group (NYSE:GS - Get Rating) had its price target dropped by analysts at Citigroup from $400.00 to $360.00 in a note issued to investors on Tuesday, The Fly reports. Citigroup's price objective would suggest a potential upside of 21.86% from the stock's previous close...
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Earnings Previews: Goldman Sachs Group Inc. (NYSE: GS)
By: 24/7 Wall St. | July 14, 2022
• Here is a look at what to expect from four companies on deck to report quarterly results Monday morning.
Goldman Sachs
Goldman Sachs Group Inc. (NYSE: GS) has posted a 12-month share price decline of about 22%. For the year to date, the stock is down 28%. The slowdown in IPOs and M&A likely will hit the firm’s investment banking revenue harder than the rise in net interest income will boost its overall revenue. Trading revenue should be solid, and what the bank projects for the rest of the year will be critical for investors.
Of the 27 analysts covering Goldman Sachs, 17 have a rating of Buy or Strong Buy and the rest have Hold ratings. At a share price of around $290.20, the upside potential based on a median price target of $381.00 is 31.3%. At the high price target of $505.00, the implied upside is 74.0%.
Second-quarter revenue is forecast to come in at $10.77 billion, a decline of about 16.7% sequentially and a drop of 30% year over year. Adjusted EPS are forecast at $6.70, down almost 38% sequentially and 55.4% lower year over year. The forecast for the 2022 fiscal year calls for revenue of $46.29 billion, down 22%, and EPS of $34.39, down about 42.2%.
The stock trades at 8.4 times expected 2022 EPS, 7.7 times estimated 2023 earnings of $37.68 and 7.0 times estimated 2024 earnings of $41.16. The stock’s 52-week range is $278.15 to $426.16. Goldman Sachs pays an annual dividend of $8.00 (yield of 2.76%). Total shareholder return for the past 12 months was negative 21.1%.
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