Goldman Sachs Earnings: What to Watch

Tuesday, 17 Apr, 2018

The company has a market capitalization of $97,220.68, a PE ratio of 13.24, a P/E/G ratio of 1.03 and a beta of 1.36.

This follows Wall Street giant JPMorgan Chase & Co. recording the highest quarterly profit in its history, as the company benefited greatly from the new tax law passed late past year. Douglass Winthrop Ltd Limited Liability Company has invested 0.1% in The Goldman Sachs Group, Inc. Investors holded 271.74 million in 2017Q3 but now own 268.85 million shares or 1.06% less. Palladium Prns Ltd Com reported 0.16% stake. (NYSE:GS). Conning accumulated 0.14% or 16,465 shs. GS underperformed the S&P 500 by 1.89%.

The Goldman Sachs Group, Inc. operates as an investment banking, securities, and investment management firm worldwide. GS has also 3.03M shares volume.

Also notable was a 34 per cent rise in equity securities revenues, attributed by the bank to gains in private equity investment for "company-specific reasons". Community National Bank Na has invested 0.01% in The Goldman Sachs Group, Inc. (NASDAQ:NTDOY) traded up 0.807% during midday trading on Monday, reaching $30.464. About 281,100 shares traded. It has outperformed by 40.24% the S&P500. Glacier Peak Capital LLC bought a new stake in Nintendo Co., Ltd (NASDAQ:NTDOY) during the fourth quarter, according to its most recent Form 13F filing with the SEC. 106 funds amassed holdings and 322 increased holdings.

Analysts await Performant Financial Corporation (NASDAQ:PFMT) to report earnings on May, 8.

During the quarter, Goldman sold its last shares of credit bureau TransUnion, sealing in a roughly $3.3 billion profit on the six-year-old deal.

Investment Banking net revenue up 5% Y/Y to $1.79B. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Therefore 48% are positive.

Goldman Sachs Group passed Wall Street's expectations for quarterly profit, powered by a surge in trading revenue and higher fees from debt and equity underwriting. The company has a consensus rating of "Hold" and a consensus target price of $260.58. On Wednesday, October 18 the rating was maintained by Buckingham Research with "Neutral". (NYSE:GS) rating on Wednesday, January 17. On Monday, March 26 the firm has "Buy" rating by Oppenheimer given. The firm earned "Sector Perform" rating on Wednesday, October 19 by RBC Capital Markets. On Friday, December 29 Vertical Group upgraded the shares of GS in report to "Buy" rating. On Friday, February 2 the rating was maintained by Morgan Stanley with "Overweight". The shares were acquired at an average cost of GBX 31 ($0.44) per share, with a total value of £23,250 ($33,290.38).