Goldman Sachs (GS) May Buyback Stock With Its Excess Capital
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Price: $1,011.09 -0.72%
Rating Summary:
16 Buy, 23 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 25 | New: 21
Rating Summary:
16 Buy, 23 Hold, 2 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 17 | Down: 25 | New: 21
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Analysts at CreditSights said Goldman Sachs (NYSE: GS) has excess capital and may boost leverage by buying back stock or expanding its balance sheets, according to a report from Bloomberg.
The analysts commented "The company believes that it is currently overcapitalized, but that this is a prudent posture in the unsettled market conditions. Our sense was the company was laying the groundwork for a more normalized or higher leverage position which would be accomplished either through share buybacks or expanding its balance sheet."
The analysts commented "The company believes that it is currently overcapitalized, but that this is a prudent posture in the unsettled market conditions. Our sense was the company was laying the groundwork for a more normalized or higher leverage position which would be accomplished either through share buybacks or expanding its balance sheet."
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