Evercore ISI Reiterates Outperform Rating on Goldman Sachs (GS)

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Jefferies Reiterates Buy Rating on Goldman Sachs (GS)

January 15, 2025 8:57 AM EST

Jefferies analyst Daniel Fannon reiterated a Buy rating and $667.00 price target on Goldman Sachs (NYSE: GS)

The analyst comments "4Q24 EPS equaled $11.95 vs Cons $8.18, reflecting strength in trading and a better comp ratio. Specifically, total revs were +$1.5B vs Cons, as strength in equity trading (+$475M vs Cons) drove the majority of the rev beat. The comp ratio (ex prov) equaled 27.8% vs Cons of 32.9%. IB backlog increased q/q driven by ECM. The 4Q24 efficiency ratio was 60% vs 60% LT target. Buybacks were $2.0B vs Cons $1.2B. ROTCE was 15.5%... More

JPMorgan Reiterates Overweight Rating on Goldman Sachs (GS)

January 15, 2025 8:54 AM EST

JPMorgan analyst Kian Abouhossein reiterated an Overweight rating and $550.00 price target on Goldman Sachs (NYSE: GS)

The analyst comments "Our Take: Strong. GS 4Q results are very strong with Revenue strength across core businesses of GBM and AWM and what is also pleasing is the 59.6% C/I ratio in 4Q bringing FY24 C/I ratio to 63%. Overall 4Q 24 reported diluted EPS of $11.95 is 46%... More