Goldman Sachs (GS) Tops Q1 EPS by $2.84

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Goldman Sachs (GS) PT Raised to $405 at RBC Capital

April 16, 2024 6:43 AM EDT

RBC Capital analyst Gerard Cassidy raised the price target on Goldman Sachs (NYSE: GS) to $405.00 (from $390.00) while maintaining a Sector Perform rating.

The analyst comments "GS is a preeminent global investment bank with a leading position in the global markets, which... More

Goldman Sachs (GS) PT Raised to $450 at CFRA, 'attractive constituent in the financial sector'

April 15, 2024 12:13 PM EDT

CFRA analyst Kenneth Leon raised the price target on Goldman Sachs (NYSE: GS) to $450.00 (from $420.00) while maintaining a Buy rating.

The analyst comments "We think GS is an attractive constituent in the financial sector given our view of a rebound in the capital... More

Citi on Goldman Sachs (GS): 'GBM Strength Drives Beat, AWM Though Is Key to Unlocking Sustainable Mid-Teens Returns'

April 15, 2024 9:55 AM EDT

Citi analyst Keith Horowitz reiterated a Neutral rating and $410.00 price target on Goldman Sachs (NYSE: GS)

The analyst comments "GS reported a very strong top-line beat driven by GBM with across-the-board strength. GBM posted an 18% ROE in the quarter, which we believe... More

Jefferies First Take on Goldman Sachs (GS): 'GB&M Revenue Strength Drives Beat'

April 15, 2024 9:26 AM EDT

Jefferies analyst Daniel Fannon reiterated a Buy rating and $471.00 price target on Goldman Sachs (NYSE: GS)/

The analyst comments "1Q24 EPS equaled $11.58 vs Cons of $8.49, reflecting strength across GB&M. Specifically, total revenues were +$1.3B vs Cons, as all banking segments were... More

Evercore ISI on Goldman Sachs (GS): 'Great Start To The Year, And It's Not All Cyclical'

April 15, 2024 8:49 AM EDT

Evercore ISI analyst Glenn Schorr reiterated an Outperform rating and $435.00 price target on Goldman Sachs (NYSE: GS).

The analyst comments "Straight up strong quarter led by better investment banking (added 26 cents to EPS), higher trading (added ~ $1), a lower provision (~+80 cents) and contained expenses despite the revenue upside (up just 3%). We dont want to get too excited about an active 1st quarter that might have pulled forward some activity, but it... More

Goldman Sachs (GS) tops Q1 earnings, revenue expectations

April 15, 2024 7:59 AM EDT

Goldman Sachs (NYSE: GS) today announced a robust start to the year with first-quarter net revenues of $14.21 billion, surpassing the analyst consensus of $12.94 billion. The company's adjusted earnings per share (EPS) of $11.58 also exceeded expectations by $2.84, compared to the estimated $8.74. These results represent a 16% increase in revenue compared to the first quarter of the previous year and a 31.7% rise in EPS from $8.79 in the same quarter last year.

Goldman Sachs' stock... More