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

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 $360 at BMO Capital

April 16, 2024 6:36 AM EDT

BMO Capital analyst James Fotheringham raised the price target on Goldman Sachs (NYSE: GS) to $360.00 (from $349.00) while maintaining a Market Perform rating.

The analyst comments "Following GS's 1Q24 big GB&M-driven beat, we raise out-year estimates by as much as +3%; higher-than-previously modeled... 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 earnings, Tesla job cuts, Apple market share - what's moving markets

April 15, 2024 8:41 AM EDT

Investing.com -- Wall Street looks set to end the year on a positive note, as traders await next weeks crucial payrolls report. 

1. Goldman continues bank earnings season 

The first quarter earnings season is set to continue this week, with more numbers scheduled from the all-important U.S. banking sector.

JPMorgan Chase (NYSE: JPM), Citigroup (NYSE:... More

Midday movers: Goldman Sachs and Meta Platforms rise; Apple and Tesla fall

April 15, 2024 8:21 AM EDT

(Updated - April 15, 2024 11:31 AM EDT)

Investing.com -- Main U.S. indexes were mixed on Monday as investors remained cautious after the previous weeks sharp losses, ahead of the ramping up of the quarterly earnings season.

Here are some of the biggest U.S. stock movers today:

Goldman Sachs (NYSE: GS) stock rose 3% after the banking giant reported a 28% rise in profit in the first quarter, buoyed by a recovery in debt underwriting and... 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

Goldman Sachs profit beats as investment banking fuels highest earnings since 2021

April 15, 2024 7:30 AM EDT

By Saeed Azhar and Niket Nishant

NEW YORK (Reuters) -Goldman Sachs' profit beat Wall Street estimates, fueled by a recovery in underwriting, deals and bond trading in the first quarter that lifted its earnings per share to the highest since late 2021.

The bank's shares rose more than 3% on Monday after it reported a strong comeback in investment banking -- its traditional mainstay -- after a slowdown over the last two years.

Rivals JPMorgan Chase and Citigroup cited improving conditions for dealmaking on Friday when they reported profits that beat market expectations. But their executives also... More

Goldman Sachs (GS) Tops Q1 EPS by $2.84

April 15, 2024 7:26 AM EDT

Goldman Sachs (NYSE: GS) reported Q1 EPS of $11.58, $2.84 better than the analyst estimate of $8.74. Revenue for the quarter came in at $14.21 billion versus the consensus estimate of $12.94 billion.

For earnings history and earnings-related data on Goldman Sachs (GS) click here.

... More

Goldman Sachs (GS) April option implied volatility into quarter results

April 12, 2024 10:01 AM EDT

Goldman Sachs (NYSE: GS) April call option implied volatility is at 38, May is at 27; compared to its 52-week range of 17 to 32 into the expected release of quarter results before the bell on April 15.

... More