Dan Totilca Investment Thesis I believe post Q1 report, Goldman Sachs (NYSE:GS) has reoriented their corporate strategy once again emphasizing investment banking, and sales & trading, the places that the bank built its reputation. This is reflected in the bank’s substantial earnings beat for Q1 2024, with earnings per share coming in at $11.58, and…
Michael M. Santiago Thesis My last article, published in Oct. 2023, argued for a BUY thesis on Goldman Sachs Group (NYSE:GS) when it was trading near its tangible book value at that time. As argued in our article: Buying good banks such as GS at (or near) their tangible book value (“TBV”) is a no-brainer…
Pgiam/iStock via Getty Images It’s time for an update on The Goldman Sachs Group, Inc.’s (NYSE:GS) stock. Our latest coverage of Goldman’s stock was before it released its third-quarter earnings, wherein we also stated the stock had a fair value of around $301. Since then, the stock has nearly reached the $400 level. Moreover, Goldman…
Michael M. Santiago Two days ago, Goldman Sachs Group (NYSE:GS) submitted better-than-expected results for the fourth quarter in terms of both revenues and earnings. The investment bank saw a more than 50% jump in net earnings in the fourth-quarter, largely due to a strong performance of its asset and wealth management business which has delivered…
Michael M. Santiago Stock Snapshot In today’s note, I’ll be revisiting Goldman Sachs Group (NYSE:GS) again since my September rating when I gave it a buy. Since my buy rating, the share price has gone up +16%: GS – price since last rating (Seeking Alpha) For readers who don’t follow this company much, here are…
Matteo Colombo Goldman Sachs (NYSE:GS) has missed its earnings estimates putting downward pressure on its stock. While it doesn’t happen often, in the past two years the company has missed 3 times and beat by 5 times. The company had EPS of $3.08 in Q2 2023 much less than the consensus estimate of $4.04 and…
Michael M. Santiago Goldman Sachs (NYSE:GS) stock has underperformed the S&P 500 (SPX) (SPY) since my previous update in April 2023. The recent volatility in GS as it topped out in July (post-Q2 earnings) saw sellers digesting most of its July gains. However, GS maintained its consolidation above the critical low $300s zone, suggesting robust…
Michael M. Santiago/Getty Images News Research Brief In today’s analysis, I will be covering Goldman Sachs (GS), which is in the financials sector, and investment banking /brokerage subsector. Since my last rating in May where I rated it a buy, the share price climbed 0.38%. Goldman Sachs – performance since last rating (Seeking Alpha) The…
Michael M. Santiago Goldman Sachs (NYSE:GS) is a New York-based investment banking and financial services company. In the past quarter, Goldman Sachs has achieved net revenues of $10.90bn, alongside net earnings of $1.22bn ultimately supported by a YTD ROE of 7.8%. Goldman Sachs Q2’23 Presentation The investment bank has achieved these financial results through its…