Goldman Sachs

Goldman Sachs (NYSE:GS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/09/2024 9.21% JP Morgan $398 → $421 Maintains Overweight 01/02/2024 27.89% Barclays $437 → $493 Maintains Overweight 12/04/2023 -13.62% Morgan Stanley $329 → $333 Maintains Equal-Weight 11/16/2023 21.4% Oppenheimer $447 → $468 Maintains Outperform 10/19/2023 15.95% Oppenheimer $450 → $447 Maintains Outperform 10/18/2023 14.14% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 10/10/2023 14.14% JMP Securities $450 → $440 Maintains Market Outperform 10/03/2023 -14.66% Morgan Stanley $347 → $329 Maintains Equal-Weight 09/26/2023 16.73% Oppenheimer $461 → $450 Maintains Outperform 09/21/2023 -1.43% Citigroup $400 → $380 Maintains Neutral 09/12/2023 16.73% JMP Securities → $450 Reiterates Market Outperform → Market Outperform 09/07/2023 4.54% HSBC → $403 Initiates Coverage On → Buy 08/18/2023 19.58% Oppenheimer $483 → $461 Maintains Outperform 08/01/2023 -8.95% Atlantic Equities $330 → $351 Upgrades Underweight → Neutral 07/25/2023 […]

By Carleton English Bank earnings are coming, and once again, it’s about the outlook, not the earnings. Investors are hoping bank executives paint a rosy picture of the economy. JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo are all set to report this coming Friday, and investors will be waiting with bated breath for signs that 2024 will be better than 2023. Remember 2023? It was the year that saw rising Treasury yields hammer the valuation of the bonds banks owned, forcing First Republic Bancorp, Silicon Valley Bank, and Signature Bank into receivership. Still, the year looks to have ended on a high note. Falling Treasury yields helped to boost the value of bonds sitting on banks’ balance sheets and narrow their unrealized losses. This was especially true for Bank of America, which faced a hit of as much as $130 billion. With the threat diminishing, bank stocks rallied

Goldman Sachs (NYSE:GS) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/02/2024 28.05% Barclays $437 → $493 Maintains Overweight 12/04/2023 -13.51% Morgan Stanley $329 → $333 Maintains Equal-Weight 11/16/2023 21.55% Oppenheimer $447 → $468 Maintains Outperform 10/19/2023 16.1% Oppenheimer $450 → $447 Maintains Outperform 10/18/2023 14.28% JMP Securities → $440 Reiterates Market Outperform → Market Outperform 10/10/2023 14.28% JMP Securities $450 → $440 Maintains Market Outperform 10/03/2023 -14.55% Morgan Stanley $347 → $329 Maintains Equal-Weight 09/26/2023 16.88% Oppenheimer $461 → $450 Maintains Outperform 09/21/2023 -1.3% Citigroup $400 → $380 Maintains Neutral 09/12/2023 16.88% JMP Securities → $450 Reiterates Market Outperform → Market Outperform 09/07/2023 4.67% HSBC → $403 Initiates Coverage On → Buy 08/18/2023 19.73% Oppenheimer $483 → $461 Maintains Outperform 08/01/2023 -8.84% Atlantic Equities $330 → $351 Upgrades Underweight → Neutral 07/25/2023 3.89% Citigroup $370 → $400 Downgrades Buy → Neutral

Oppenheimer analyst Chris Kotowski maintains Goldman Sachs Gr (NYSE:GS) with a Outperform and lowers the price target from $450 to $447.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: GS has course corrected its failed strategy to expand into consumer banking, with a renewed focus on its strong core franchise. We lower our target by $7 to $340 (below the $379 consensus) on a forward P/E of 9.9x our 2024 EPS estimate, in line with the three-year historical average of 9.7x. We lower our 2023 EPS view by $2.60 to $23.85 and 2024’s by $1.05 to $34.20, with a revenue forecast of $46.5B (prior $45.9B) in 2023 and $50.5B ($49.9B) in 2024. GS posted Q3 2023 EPS of $5.47, a $0.06 earnings miss to consensus. In Global Banking & Marketing (+6% Y/Y and 68% of total revenue), FICC trading was -6% and equity trading +8%. Investment Banking revenue was +1% Y/Y with debt underwriting +27% and

Goldman Sachs Gr (NYSE:GS) reported quarterly earnings of $5.47 per share which beat the analyst consensus estimate of $5.31 by 3.01 percent. This is a 33.7 percent decrease over earnings of $8.25 per share from the same period last year. The company reported quarterly sales of $11.82 billion which beat the analyst consensus estimate of $11.14 billion by 6.08 percent. This is a 1.32 percent decrease over sales of $11.97 billion the same period last year.

Goldman Sachs Q3 EPS $5.47 Vs. $8.25 a Year Ago, Tops the FactSet Consensus $5.42。

Goldman Sachs 3Q Compensation and Benefits Expenses $4.19B。

Goldman Sachs 3Q Return on Avg Shareholders’ Equity 7.1%

Goldman Sachs 3Q Asset & Wealth Management Revenue $3.23B。

Morgan Stanley analyst Betsy Graseck maintains Goldman Sachs Gr (NYSE:GS) with a Equal-Weight and lowers the price target from $347 to $329.