Goldman Sachs (GS) Tops Q2 EPS Views; Trading Revenues Top Expectations

BMO Capital Raises Price Target on Goldman Sachs (GS) Following EPS Beat

July 20, 2016 9:00 AM EDT

BMO Capital reiterated an Outperform rating on Goldman Sachs (NYSE: GS), and raised the price target to $214.00 (from $197.00), following the company's 2Q earnings report. GS reported an EPS of $3.75 ahead of the consensus estimate of $3.04.

Analyst James Fotheringham commented, "GS's 2Q16 core EPS of... More

Goldman Sachs (GS) PT Trimmed to $180 at UBS

July 20, 2016 8:35 AM EDT

UBS analyst Brennan Hawken reiterated a Buy rating on Goldman Sachs (NYSE: GS) but trimmed its price target to $180.00 (from $185.00). Hawken said expense progress i encouraging but catalysts to drive the top-line are lacking.

Hawken commented, "Expense savings from 1H16 cost initiatives, including a 5%... More

Goldman Sachs (GS) PT Bumped to $197 at Nomura

July 20, 2016 8:04 AM EDT

Nomura Securities analyst Steven Chubak reiterated a Buy rating and raised his price target on Goldman Sachs (NYSE: GS) to $197.00 (from $195.00) following Q2 results.

Chubak commented, "GS reported 2Q16 EPS of $3.72 vs. our $2.80 estimate and cons. of $3.05. Adjusting for the lower tax rate, core EPS was closer to $3.47. Versus our forecast, the... More

Goldman asset management executive Gottlieb to leave firm

July 18, 2016 7:26 PM EDT

By Olivia Oran

(Reuters) - Goldman Sachs Group Inc's (NYSE: GS) Jason Gottlieb, a partner in the bank's asset management division, is leaving the firm.

Gottlieb, one of four portfolio managers on the Goldman Sachs Multi-Manager Alternatives Fund , will leave the bank in August, according to an internal memo sent last week and seen by Reuters.

A Goldman Sachs spokesman confirmed the contents of the memo but declined to discuss the reasons for Gottlieb's departure.

Goldman's... More