Goldman (GS) Trades Higher Ahead of Q3 Report
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Goldman Sachs Inc. (NYSE: GS) shares are trading modestly higher ahead of its Q3 earnings report, expected out just before the market opens tomorrow, October 15, 2009. The stock is up 3.10% to $192.71.
Analysts currently expect Goldman to report quarterly EPS of $4.24 on revenue of $11.02 billion. According to data from Bloomberg, 19 analysts have Buy ratings on Goldman Sachs and 8 have Hold ratings on the stock.
Deustche Bank started Goldman Sachs at a Buy rating, saying that Goldman Sachs' risk management culture was "in a league of its own."
Mike Mayo, of CLSA, upgraded Goldman Sachs two-notches from Underperform to Outperform on October 6, 2009. Mayo called Goldman a "long-term market-share winner," also noting that the firm has preserved its business in pre-financial crisis form and kept its management team intact. Mayo also see trading results likely better than other banks.
Richard Bove, from Rochedale Securities, says "he expects Goldman's underwriting revenue to decline in the quarter." Bove maintained his Buy rating for Goldman Sachs that he made on September 28, 2009.
Goldman Sachs will report results at approximately 7:30 am. A conference call to discuss the firm's results, outlook and related matters, will be held at 9:00 am. Stay tuned to StreetInsider.com's Earnings section to see our analysis of the highly-anticipated quarterly results within seconds of their release.
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vj on Oct 14, 2009 04:18 PMHeading for GS and report is mixed for GS and Intel. What's the hurry?