Followers | 689 |
Posts | 143817 |
Boards Moderated | 35 |
Alias Born | 03/10/2004 |
Friday, January 13, 2023 12:26:40 PM
By: 24/7 Wall St. | January 13, 2023
• First thing Tuesday morning, two more big banks will report earnings along with a regional bank that serves the cryptocurrency sector.
Goldman Sachs
Goldman Sachs Group Inc. (NYSE: GS) has posted a 12-month share price decline of about 5.2%, far smaller than any of the nation’s other biggest banks.
Goldman started cutting what eventually will be a total of around 3,200 jobs last week. On Wednesday, the firings spread globally to Goldman offices from New York to Hong Kong. The bank has also revealed that it lost $1.2 billion in the first nine months of last year on its foray into consumer banking and $3 billion since the unit’s inception in 2020. The bank’s outlook may figure more heavily into how investors respond to earnings than do the quarterly numbers themselves.
Of the 24 analysts covering the stock, 14 have a rating of Buy or Strong Buy and nine more have Hold ratings. At a recent price of around $364.50 a share, the upside potential based on a median price target of $397.50 is 9.1%. At the high price target of $495.00, the implied upside is 35.8%.
Fourth-quarter revenue is forecast to come in at $10.91 billion, which would be a decline of 8.9% sequentially and a drop of 13.7% year over year. Adjusted EPS are forecast at $5.77, down 30.1% sequentially and by 87.3% year over year. The current estimates for the 2022 fiscal year call for revenue of $47.7 billion, down 19.6%, and EPS of $32.69, down 45%.
Goldman stock trades at 9.1 times expected 2022 EPS, 10.1 times estimated 2023 earnings of $36.17 and 8.9 times estimated 2024 earnings of $41.27 per share. The stock’s 52-week trading range is $277.84 to $396.87. Goldman pays an annual dividend of $10.00 (yield of 2.7%). Total shareholder return for the past 12 months was negative 3.88%.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
• DiscoverGold
Recent GS News
- Intel Secures $3.5 Billion Subsidy, Stellantis Backs EU Emissions Targets, BP and Apollo Reach $1 Billion Deal • IH Market News • 09/16/2024 10:03:27 AM
- OpenAI Unveils Strawberry AI Model Series; Boeing Stock Falls 4% Amid Strike; HR Surges 20% on Growth Forecast • IH Market News • 09/13/2024 10:12:55 AM
- Norfolk Southern CEO Fired, Ryanair Lowers Fare Forecast, 23andMe Considers Acquisition Proposals • IH Market News • 09/12/2024 10:02:29 AM
- GameStop plunges 11% on stock offering, DJT drops post-debate, GSK fails shingles vaccine trial • IH Market News • 09/11/2024 10:25:41 AM
- Goldman Sachs Custody Solutions and NewEdge Capital Group Announce Strategic Collaboration to Provide Enhanced Services to RIAs • GlobeNewswire Inc. • 09/10/2024 01:00:00 PM
- Apple Loses EU Dispute; Google’s $2.7 Billion Fine Upheld; Oracle Shares Surge 9% • IH Market News • 09/10/2024 10:02:31 AM
- Dell, Palantir, and Erie Will Be Added to the S&P 500; Boeing Avoids Strike; Apple Event Takes Place Today • IH Market News • 09/09/2024 10:05:35 AM
- Broadcom Down 10% Post-Earnings, UiPath Up 8%; Qualcomm Eyes Intel Assets; Salesforce Acquires Own Company • IH Market News • 09/06/2024 11:59:00 AM
- Qualcomm Develops Mixed Reality Glasses; Verizon to Boost Dividend, Eyes Acquisition; Samsonite Plans US Dual Listing • IH Market News • 09/05/2024 10:11:35 AM
- Nvidia Subpoenaed by DOJ, Athira Pharma Shares Plunge 71% After Study Fails, Zscaler Falls 15% Post-Earnings • IH Market News • 09/04/2024 09:50:25 AM
- Apple Names New CFO, Sony Hikes PS5 Price in Japan, Santander Launches Share Buyback • IH Market News • 08/27/2024 09:35:22 AM
- Berkshire Reduces Stake in BofA, Hawaiian Airlines Soars 10%, Paramount Receives $4.3B Offer, and More • IH Market News • 08/20/2024 09:56:02 AM
- FuboTV Soars 12% After Venu Sports Block, Goldman Sachs Lowers U.S. Recession Odds, BHP Ends Chile Strike • IH Market News • 08/19/2024 09:28:19 AM
- Bitcoin Fall Hits Other Tokens, MicroStrategy Launches Leveraged ETF, Mintzberg Takes Over Grayscale Leadership • IH Market News • 08/15/2024 07:35:02 PM
- Google Forced to Modify Play Store, Apple Innovates, Victoria’s Secret Hires CEO, Mars Buys Kellanova • IH Market News • 08/15/2024 10:05:46 AM
- Google Mandated to Modify Play Store, Apple Innovates, Victoria’s Secret Hires CEO, Mars Buys Kellanova • IH Market News • 08/15/2024 10:05:46 AM
- AI Energy Use Overtakes Bitcoin, BTC Price Falls, Goldman Sachs Puts $418M in Bitcoin ETFs, and Latest in Crypto • IH Market News • 08/14/2024 07:26:36 PM
- Dell Stock Slide Offers Opportunities; Trump and Musk hold talks on X; GM Restructures China Operations, and More • IH Market News • 08/13/2024 09:43:49 AM
- US Index Futures Rise Amid Earnings Season Optimism, Oil Prices Rebound • IH Market News • 08/07/2024 09:49:12 AM
- Joby Aviation Seeks Australian Certification, Arcadium Lithium Projects Suspended Due to Oversupply, and More • IH Market News • 08/07/2024 09:47:32 AM
- Goldman Sachs Alternatives Makes $440 Million Strategic Investment in BrightNight to Fund Continued Growth • PR Newswire (US) • 08/01/2024 11:00:00 AM
- Virtú Investments Acquires Iconic Skyglass Tower in Downtown Seattle • GlobeNewswire Inc. • 08/01/2024 01:00:29 AM
- Upbeat Earnings News May Spark Early Rally On Wall Street • IH Market News • 07/31/2024 01:07:54 PM
- ASML Rises 7% on Export Waiver; Intel Plans Layoffs, HSBC $3B Buyback Announced, and More • IH Market News • 07/31/2024 09:55:50 AM
- osapiens raises $120 million funding round led by Growth Equity at Goldman Sachs Alternatives • Business Wire • 07/29/2024 12:00:00 PM
Lingerie Fighting Championships Signs Broadcast Deal With Maybacks Global Entertainment • BOTY • Sep 26, 2024 9:00 AM
Maybacks Global Entertainment and Lingerie Fighting Championships Enter Into Broadcast And Revenue Sharing Agreement • AHRO • Sep 26, 2024 8:30 AM
North Bay Resources Commences Operations at Bishop Gold Mill, Inyo County, California; Engages Sabean Group Management Consulting • NBRI • Sep 25, 2024 9:15 AM
CEO David B. Dorwart Anticipates a Bright Future at Good Gaming Inc. Through His Most Recent Shareholder Update • GMER • Sep 25, 2024 8:30 AM
Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • BLOZF • Sep 24, 2024 8:50 AM
Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • INTV • Sep 24, 2024 8:45 AM