Nomura Securities Maintains a 'Buy' on Goldman Sachs (GS); Q1 Review
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Price: $1,039.42 -0.31%
Rating Summary:
16 Buy, 23 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
16 Buy, 23 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Nomura Securities maintains a 'Buy' on Goldman Sachs (NYSE: GS) price target of $145.00.
Analyst, Glenn Schorr, said, "Core number more in the $4.20 range ex $225mm of DVA and even higher if you exclude $175mm in charges/provision. While FICC wasn’t as big as some expected and we think people will always partially discount a good Investing & Lending number, there was more revenue balance in the quarter, as equities and banking were better, GS showed good expense trends (full comp accrual and non-comp down 8% q/q), and GS has the ability to buy back a bunch more stock. All in, we think a 12% ROE isn’t bad considering macro environment wasn’t great and GS took risk down – remember, this stock is $17 below book and $6 below tangible."
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 $117.73 yesterday.
Analyst, Glenn Schorr, said, "Core number more in the $4.20 range ex $225mm of DVA and even higher if you exclude $175mm in charges/provision. While FICC wasn’t as big as some expected and we think people will always partially discount a good Investing & Lending number, there was more revenue balance in the quarter, as equities and banking were better, GS showed good expense trends (full comp accrual and non-comp down 8% q/q), and GS has the ability to buy back a bunch more stock. All in, we think a 12% ROE isn’t bad considering macro environment wasn’t great and GS took risk down – remember, this stock is $17 below book and $6 below tangible."
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 $117.73 yesterday.
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