Goldman Sachs (GS) Q4 EPS Could Beat the Street by 40%+- Analyst

January 2, 2013 10:17 AM EST
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Goldman Sachs Group, Inc. (NYSE: GS) is 2.4 percent higher early Wednesday. In addition to the broader market move on the fiscal cliff deal, Goldman is benefiting from sharply raised estimates at Credit Suisse.

Credit Suisse analyst Howard Chen lifted fourth quarter EPS estiamtes from $2.50 to $4.60, which is substantially higher than the Street at $3.21. The firm cited a strong finish for equities, investment banking, higher investing and lending contributions and discipline on expenses.

The firm maintained an Outperform rating and $145 price target.

Goldman Sachs is expected to post fourth quarter 2012 financial results on Wednesday, January 16, before the market opens.

For an analyst ratings summary and ratings history on Goldman Sachs click here. For more ratings news on Goldman Sachs click here.

Shares of Goldman Sachs closed at $127.40 yesterday.

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