Goldman Sachs (GS) Smashes Analyst 3Q Views on Robust M&A and Underwriting Activity

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Goldman Sachs (GS) PT Raised to $451 at BMO Capital

October 18, 2021 8:49 AM EDT

BMO Capital analyst James Fotheringham raised the price target on Goldman Sachs (NYSE: GS) to $451.00 (from $432.00) while maintaining a Outperform rating.

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Goldman Sachs (GS) PT Raised to $479 at Jefferies

October 18, 2021 7:38 AM EDT

Jefferies analyst Daniel Fannon raised the price target on Goldman Sachs (NYSE: GS) to $479.00 (from $450.00) while maintaining a Buy rating.

The analyst commented, "Following strong 3Q21 results, our EPS estimates for 4Q21 and 2022 increase to $12.48 and $41.50, up from $9.33 and $37.50, respectively. These... More

Goldman Sachs cashes in on M&A wave to cap stellar quarter for U.S. banks

October 15, 2021 8:32 AM EDT

By Noor Zainab Hussain and Elizabeth Dilts Marshall

(Reuters) - Goldman Sachs Group Inc on Friday reported a 66% surge in third-quarter profit that smashed expectations, as Wall Street's biggest investment bank rode a record wave of M&A activity and initial public offerings.

The bank posted profits of $5.28 billion up from $3.23 billion a year ago, capping a stellar quarter for Wall Street lenders, which have benefited from a rebounding U.S. economy, soaring equity markets and a global deal-making bonanza.

Shares of Goldman Sachs were up 2% in mid-morning trading.

Global M&A volumes have shattered... More