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Core Insights - Goldman Sachs (GS) stock closed at $598.54, showing a slight increase of +0.05% compared to the previous day, outperforming the S&P 500's decline of 0.67% [1] - Over the past month, GS shares have risen by 9.69%, surpassing the Finance sector's growth of 6.27% but lagging behind the S&P 500's increase of 10.65% [1] Earnings Forecast - Goldman Sachs is set to release its earnings report on July 16, 2025, with projected earnings of $9.82 per share, reflecting a year-over-year growth of 13.92% [2] - The consensus estimate for revenue is $13.71 billion, indicating a growth of 7.69% compared to the same quarter last year [2] Annual Estimates - For the entire year, Zacks Consensus Estimates predict earnings of $44.41 per share and revenue of $55.52 billion, representing increases of +9.55% and +3.76% respectively from the previous year [3] - Recent changes in analyst estimates suggest a positive outlook for Goldman Sachs' business trends [3] Valuation Metrics - Goldman Sachs has a Forward P/E ratio of 13.47, which is lower than the industry's average Forward P/E of 14.72, indicating a valuation discount [5] - The company currently has a PEG ratio of 0.81, compared to the Financial - Investment Bank industry's average PEG ratio of 1.2 [6] Industry Ranking - The Financial - Investment Bank industry is currently ranked 204 in the Zacks Industry Rank, placing it in the bottom 18% of over 250 industries [6] - The Zacks Rank system, which evaluates stocks based on estimate changes, shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]

The Goldman Sachs Group (GS) is combining its three separate investment banking (IB) businesses in Asia into a single unit to integrate its regional deal advisory and capital market capabilities, according to a memo reviewed by Reuters.Details of GS’s Integrated Asian IB UnitsIain Drayto, currently head of investment banking in Asia, excluding Japan, will lead the newly unified Asia Pacific investment banking division, per an internal memo.  In his new role, Drayto will collaborate closely with executives i ...

Core Viewpoint - Goldman Sachs has demonstrated resilient performance in a volatile market environment, outperforming the broader S&P 500 index [1]. Group 1: Company Performance - Goldman Sachs is identified as a leading large-cap US investment bank [1]. - The firm has successfully navigated a challenging year for markets, indicating strong operational capabilities [1]. Group 2: Investment Strategy - The focus is on identifying high-quality companies with strong balance sheets and shareholder-friendly policies [1]. - A disciplined approach to valuation is emphasized, alongside a mix of quantitative and qualitative measures to uncover underappreciated opportunities [1].

It has been about a month since the last earnings report for Goldman Sachs (GS) . Shares have added about 18.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Goldman due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.How Have Estimates Been Moving Since Then?It turn ...

Goldman Sachs Group is reportedly considering expanding its retail bank, Marcus, to Ireland and Germany.The company has held early-stage discussions with Irish regulators and is taking another look at Germany, where it once planned to launch in 2019, Bloomberg reported Tuesday (May 13), citing unnamed sources.A representative for Goldman said in the report: “We remain focused on that business in the U.S. and U.K. and are exploring our options for future growth areas.”Ireland is seen as an opportunity for Ma ...

The Goldman Sachs Group, Inc. (GS) shares have tumbled 15% in the past three months compared with the industry’s decline of 10.3%. The stock has been rattled by escalating trade war concerns, with tariffs raising fears of high inflation and a possible global economic slowdown.Following the broader market trend, GS’s peer JPMorgan (JPM) and Morgan Stanley’s (MS) shares fell 8% and 14.6%, respectively, over the same time frame.Price Performance Image Source: Zacks Investment Research Given the recent pullback ...

Financial Performance - Net earnings for Q1 2025 reached $4,738 million, a 14.7% increase from $4,132 million in Q1 2024[8] - Comprehensive income for the quarter was $5,371 million, compared to $3,733 million in the same period last year, reflecting a significant increase[8] - Revenues from contracts with clients represented approximately 45% of total non-interest revenues for the three months ended March 2025, compared to approximately 40% for the same period in 2024[38] - Net earnings for the three months ended March 2025 were $4,738 million, an increase of 14.7% compared to $4,132 million in March 2024[17] Assets and Liabilities - Total assets as of March 31, 2025, amounted to $1,766,181 million, up from $1,675,972 million at the end of 2024, indicating a growth of 5.4%[10] - Total liabilities increased to $1,641,881 million from $1,553,976 million, representing a rise of 5.6%[10] - Shareholders' equity rose to $124,300 million, compared to $121,996 million in December 2024, marking a 1.9% increase[10] - The company reported a net increase in loans to $210,142 million, up from $196,200 million at the end of 2024, reflecting a growth of 7.4%[10] Cash Flow and Investments - Net cash used for operating activities was $(37,230) million for March 2025, compared to $(28,038) million in March 2024, reflecting a significant increase in cash outflows[17] - The firm reported a net cash used for investing activities of $(22,747) million in March 2025, significantly higher than $(7,980) million in March 2024[17] - Total cash and cash equivalents at the end of March 2025 were $167,408 million, down from $209,385 million at the end of March 2024[17] - As of March 2025, total investments amounted to $115,579 million, an increase from $104,742 million as of December 2024, reflecting a growth of approximately 10.4%[157] Stock and Equity Transactions - The company issued $1,900 million in preferred stock during the quarter, increasing the total preferred stock balance to $15,153 million[13] - The company repurchased $4,360 million worth of stock during the quarter, increasing the treasury stock balance to $112,843 million[13] Financial Assets and Liabilities - Total financial assets at fair value reached $954,892 million in March 2025, compared to $907,669 million in December 2024, indicating a growth of approximately 5.2%[76] - Total financial liabilities at fair value rose to $743,785 million in March 2025, compared to $699,661 million in December 2024, representing an increase of approximately 6.3%[76] - Total level 1 financial assets increased to $453,241 million as of March 2025, up from $436,298 million in December 2024, reflecting a growth of approximately 2.2%[76] Level 3 Financial Instruments - The total amount of Level 3 assets for other financial instruments was $325 million, with a yield range of 4.2% to 31.1%[118] - The net unrealized losses for other liabilities classified as Level 3 were $59 million for the three months ended March 2025[192] - The ending balance of Level 3 loans was $658 million, down from $766 million in March 2024, reflecting a decrease of 14.2%[178] - The net realized gains on Level 3 loans for the three months ended March 2025 were $14 million, with no net unrealized gains or losses reported[181] Derivatives and Trading Instruments - The total gross fair value of derivatives as of March 2025 was $343,152 million, compared to $376,352 million in December 2024, reflecting a decrease of about 8.8%[135] - The net unrealized gains on level 3 derivatives for the three months ended March 2025 amounted to $15 million, while net unrealized gains were $612 million, primarily driven by interest rate, commodity, and equity derivatives[149][150] - The ending balance for equities net was $(1,203) million in March 2025, showing a decrease from $(1,106) million in December 2024, with net realized gains of $28 million[147] Regulatory and Compliance - The firm segregated cash for regulatory purposes amounting to $12.86 billion as of March 2025[52] - The firm recognizes incentive fees when it is probable that a significant reversal of such fees will not occur, generally when fees are no longer subject to market fluctuations[46] Future Outlook - The company plans to continue expanding its market presence and investing in new technologies to drive future growth[9] - Future net revenues associated with remaining performance obligations related to committed capital are expected to average less than $300 million annually through 2033[49]

Core Viewpoint - Financial markets are expected to stabilize and see an increase in mergers and public listings despite current uncertainties [1][9]. Group 1: Market Activity and Expectations - The CEO of Goldman Sachs, David Solomon, believes that financial markets will eventually settle down, leading to an anticipated rise in mergers and initial public offerings (IPOs) [1][6]. - Solomon indicated that the first quarter of 2025 experienced higher capital market activity compared to the same quarter last year, suggesting potential for increased deal-making later in the year if uncertainties do not persist [8]. Group 2: Impact of Policy Uncertainty - Solomon expressed concerns that the current level of policy uncertainty, particularly related to tariffs under President Trump's administration, is negatively affecting economic growth and investment [2][3]. - He noted that as uncertainty grows, capital activity may decline, with corporations potentially increasing layoffs and tightening budgets in anticipation of economic downturns [2][3]. Group 3: Corporate Sentiment - Conversations with CEOs and clients reveal a trend of holding back on investments due to heightened uncertainty, indicating a cautious approach among corporations [3].

Summary:⚈ Goldman Sachs insider made first direct stock buy in 17 years.⚈ $2 million purchase signals strong confidence amid market uncertainty.⚈ GS stock rallied 7.8% in a week, narrowing YTD losses to 4.6%.Corporate insider sales are not a relatively common feature, thanks to many high-ranking employees receiving compensation primarily in the form of equity. However, direct purchases tend to be rarer and, arguably, more noteworthy.John Hess, a Goldman Sachs (NYSE: GS) Director and CEO of Hess Corp (NYSE: ...