Goldman Sachs

Goldman Sachs (NYSE:GS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 17.39% Morgan Stanley $333 → $449 Upgrades Equal-Weight → Overweight 01/18/2024 -5.88% BMO Capital $357 → $360 Maintains Market Perform 01/17/2024 15.03% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 01/17/2024 28.37% Oppenheimer $481 → $491 Maintains Outperform 01/09/2024 15.03% UBS $382 → $440 Maintains Buy 01/09/2024 10.07% JP Morgan $398 → $421 Maintains Overweight 01/02/2024 28.89% Barclays $437 → $493 Maintains Overweight 12/04/2023 -12.94% Morgan Stanley $329 → $333 Maintains Equal-Weight 11/16/2023 22.35% Oppenheimer $447 → $468 Maintains Outperform 10/19/2023 16.86% Oppenheimer $450 → $447 Maintains Outperform 10/18/2023 15.03% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 10/10/2023 15.03% JMP Securities $450 → $440 Maintains Market Outperform 10/03/2023 -13.99% Morgan Stanley $347 → $329 Maintains Equal-Weight 09/26/2023 17.65% Oppenheimer $461 → $450 Maintains Outperform 09/21/2023 […]

Goldman Sachs (NYSE:GS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/18/2024 -4.6% BMO Capital $357 → $360 Maintains Market Perform 01/17/2024 16.6% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 01/17/2024 30.11% Oppenheimer $481 → $491 Maintains Outperform 01/09/2024 16.6% UBS $382 → $440 Maintains Buy 01/09/2024 11.56% JP Morgan $398 → $421 Maintains Overweight 01/02/2024 30.64% Barclays $437 → $493 Maintains Overweight 12/04/2023 -11.76% Morgan Stanley $329 → $333 Maintains Equal-Weight 11/16/2023 24.02% Oppenheimer $447 → $468 Maintains Outperform 10/19/2023 18.45% Oppenheimer $450 → $447 Maintains Outperform 10/18/2023 16.6% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 10/10/2023 16.6% JMP Securities $450 → $440 Maintains Market Outperform 10/03/2023 -12.82% Morgan Stanley $347 → $329 Maintains Equal-Weight 09/26/2023 19.25% Oppenheimer $461 → $450 Maintains Outperform 09/21/2023 0.7% Citigroup $400 → $380 Maintains Neutral 09/12/2023 19.25% JMP Securities

Goldman Sachs Group, Inc. (NYSE:GS) CEO David Solomon believes the market is being overly-optimistic about potential rate cuts in 2024. Solomon shared his more conservative Federal Reserve rate outlook Wednesday at the World Economic Forum in Davos, Switzerland. What Happened: The market is currently anticipating seven rate cuts this year, but Wednesday on CNBC’s “Squawk Box,” Solomon reminded investors that Fed Chair Jerome Powell has said the central bank will make future rate decisions based on current inflation trends and other economic data. “It’s hard for me to see the market’s view of seven cuts, you know, this year,” the Goldman Sachs CEO said. Solomon explained that although he sees a path toward some rate cuts and easing this year, the chance of rate cuts is smaller than it seemed to be six months ago. “I see some signs of softness which would lead you to believe that we are going to see some cuts, but

By Ben Levisohn Earnings season has been a bust for bank stocks — but a boon for those businesses that can help themselves in the months ahead. It has been a week since banks got earnings season rolling on Jan. 12, and the results have been unspectacular. Large charge-offs, related to replenishing the Federal Deposit Insurance Corp.’s coffers and other factors, dinged the final numbers, and few showed the kind of performance that would get investors excited, particularly after the strong end to the year. Since JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo got things started, the SPDR S&P Bank exchange-traded fund has dropped 2.6%. The main thing that seems to set the winners apart from the losers is the potential for “self-help” — the Wall Street term for a struggling company’s ability to make changes by cutting costs and jettisoning underperforming businesses as it attempts to right

Goldman Sachs (NYSE:GS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/17/2024 29.49% Oppenheimer $481 → $491 Maintains Outperform 01/09/2024 16.04% UBS $382 → $440 Maintains Buy 01/09/2024 11.03% JP Morgan $398 → $421 Maintains Overweight 01/02/2024 30.02% Barclays $437 → $493 Maintains Overweight 12/04/2023 -12.18% Morgan Stanley $329 → $333 Maintains Equal-Weight 11/16/2023 23.42% Oppenheimer $447 → $468 Maintains Outperform 10/19/2023 17.89% Oppenheimer $450 → $447 Maintains Outperform 10/18/2023 16.04% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 10/10/2023 16.04% JMP Securities $450 → $440 Maintains Market Outperform 10/03/2023 -13.23% Morgan Stanley $347 → $329 Maintains Equal-Weight 09/26/2023 18.68% Oppenheimer $461 → $450 Maintains Outperform 09/21/2023 0.22% Citigroup $400 → $380 Maintains Neutral 09/12/2023 18.68% JMP Securities → $450 Reiterates Market Outperform → Market Outperform 09/07/2023 6.28% HSBC → $403 Initiates Coverage On → Buy 08/18/2023 21.58% Oppenheimer $483

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We think GS shares are near our view of fair value, or our $388 target (up from $340), on forward P/E multiple expansion to 11.3x, above the three-year historic average at 10.0x. We lift our 2024 EPS by $0.20 to $34.40 and set 2025 at $38.70, with revenue forecast at $50.5B/$52.3B. GS posted Q4 2023 EPS of $5.48, a $1.21 earnings beat. In Global Banking Marketing (+7% Y/Y, 56% of total revenue), FICC trading was -24% and equity trading +26%, with lower trading activity. Investment Banking revenue was -12% Y/Y, with debt underwriting +40% and equity underwriting +38%, while M&A advisory was -29%. In 2024, we believe GS will pursue acquisitions to gain scale in Asset and Wealth Management. The segment posted revenue +23% Y/Y in Q4

Goldman Sachs Gr (NYSE:GS) reported quarterly earnings of $5.48 per share which beat the analyst consensus estimate of $3.20 by 71.25 percent. This is a 65.06 percent increase over earnings of $3.32 per share from the same period last year. The company reported quarterly sales of $11.32 billion which beat the analyst consensus estimate of $9.85 billion by 14.90 percent. This is a 6.84 percent increase over sales of $10.59 billion the same period last year.

Goldman Sachs Bought Back 3.2 Million Shares for $1 Billion During 4Q.

By AnnaMaria Andriotis and Charley Grant Goldman Sachs reported sharply higher profit for the fourth quarter, bolstered by a strong performance in its asset and wealth management business. The bank on Tuesday said quarterly profit was $2.01 billion, up 51% from a year ago. That amounted to $5.48 per share. Analysts polled by FactSet had expected $3.62 per share. Revenue was $11.32 billion, up 7% from a year ago. That beat the $10.8 billion expected by analysts. Like its peers, Goldman had to recognize a special assessment by the Federal Deposit Insurance Corp. The agency charged lenders as a way to refill its coffers from last year’s bank failures. Goldman took a $529 million charge, roughly in line with what it had already predicted. Goldman shares were up nearly 1% in premarket trading. Investors welcomed the report, especially after eight previous quarters of earnings declines. The bank has been engaged

Goldman Sachs (GS) reported Q4 earnings Tuesday of $5.48 per diluted share, up from $3.32 a year earlier. Analysts polled by Capital IQ expected $3.93. Revenue for the quarter ended Dec. 31 expressed as the sum of net interest income and total noninterest income was $11.32 billion, up from $10.59 billion a year earlier. Analysts surveyed by Capital IQ expected $10.96 billion.

Dealmaking was still slow for Goldman Sachs in 4Q, but the investment bank was lifted by better results in asset and wealth management. Net revenues in Global Banking & Markets were $6.35 billion for 4Q, 3% lower than a year ago, and 21% lower than the prior quarter. Investment banking fees were $1.65 billion, 12% lower the year-ago period reflecting a decline in industry-wide mergers and acquisitions, which was partially offset by higher revenue from debt and equity underwriting, the investment bank says. Still, Goldman’s overall top-line results were buoyed by improvements in asset and wealth management, where revenue was up 23% from a year ago and 36% from the prior quarter. Shares rise 1.3% to $382.70 pre-market.