Goldman Sachs Group Inc GS reported on Tuesday upbeat earnings for its third quarter.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways.Oppenheimer On Goldman SachsAnalyst Chris Kotowski reiterated an Outperform rating while raising the price target from $577 to $614.Goldman Sachs reported earnings of $8.40 per share, beating consensus of $6.89 per share, with core operating earnings of around $9.02 per share, Kotowski said in a note. "This, in turn, would ...

Goldman Sachs reported a 45% surge in profits on Tuesday, fueling hope for a dealmaking rebound.The firm pointed to growth in core businesses like M&A advisory and stock and bond underwriting.Here are four primary takeaways from the results shared by CEO David Solomon. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a pe ...

As is always the case when Wall Street heavy hitters weigh in with earnings, the markets and financial trade publications parse the data and management commentary for insight on investment banking. For Goldman Sachs, the latest earnings report on Tuesday (Oct. 15) offered variations on a recurring theme: as the shift away from Main Street progresses, the goal of massing an even greater Wall Street — and corporate lending — presence continues.CEO David Solomon noted on the earnings call with analysts that gr ...

Goldman Sachs Group Inc (NYSE:GS) reported strong third-quarter results before the open this morning, with profits jumping 45% to earnings of $8.40 per share. Investment banking and stock trading revenue gave earnings a boost, while CEO David Solomon cited an “improving operating environment."GS initially soared to a record high of $540.51 after the event this morning, though it's pulled back since then -- last seen down 0.5% at $520.32. Year to date, the equity is up 35.3%, with its two larger pullbacks ov ...

The Goldman Sachs Group, Inc. (NYSE:GS) Q3 2024 Results Conference Call October 15, 2024 9:30 AM ET Company Participants David Solomon - Chairman and Chief Executive Officer Denis Coleman - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Ebrahim Poonawala - Bank of America Christian Bolu - Autonomous Research Mike Mayo - Wells Fargo Securities Betsy Graseck - Morgan Stanley Brennan Hawken - UBS Steven Chubak - Wolfe Research Devin Ryan - Citizens JMP Dan Fannon - Jefferies Gerar ...

The Goldman Sachs Group, Inc.’s (GS) third-quarter 2024 adjusted earnings per share of $8.40 surpassed the Zacks Consensus Estimate of $6.85. This compares favorably with $5.47 reported in the year-ago quarter.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.As expected, the investment banking (IB) business witnessed a solid growth. Equity underwriting fees jumped 25% and debt underwriting fees grew 45.8%. Also, advisory fees rose 5.3%. Overall, total IB fees were up 20% from ...

J.P. Morgan analyst Kian Abouhossein expressed the view on Goldman Sachs Group Inc.‘s GS third quarter financial results.Today, the company reported revenue of $12.70 billion, beating the consensus of $11.87 billion, and EPS of $8.40, beating the consensus of $7.03.In the conference call, CEO David Solomon highlighted strong client demand and a rising deal backlog and expects alternative fundraising to exceed $60 billion in 2024.He noted the firm remained below 10-year averages for equity and M&A volumes an ...

There are numerous types of trading and investing strategies on Wall Street. Many utilize statistics and probability theory to gain insight and make decisions.Some are based on the concept of reversion to the mean. This is why The Goldman Sachs Group, Inc. GS is our Stock of the Day. There is a good chance that it reverses and heads lower.The shares traded higher on Tuesday because Goldman blew away earnings estimates. The company stated that it earned $8.40 per share, which was well ahead of the Street's e ...

Now that the new earnings season has kicked off, investors would benefit from watching—and breaking down—what the earnings for some of the country’s biggest banks have to say about the rest of the economy and the stock market. The best way to gauge this is through the financial sector, as banking stocks release their latest earnings.The Goldman Sachs Group TodayGSThe Goldman Sachs Group$521.09 -1.66 (-0.32%) 52-Week Range$289.36▼$540.51Dividend Yield2.30%P/E Ratio16.73Price Target$504.75Add to WatchlistToda ...

U.S. stocks traded lower midway through trading, with the Dow Jones index falling around 150 points on Tuesday.The Dow traded down 0.40% to 42,894.69 while the NASDAQ fell 0.93% to 18,331.05. The S&P 500 also fell, dropping, 0.44% to 5,833.93.Check This Out: How To Earn $500 A Month From Morgan Stanley Stock Ahead Of Q3 EarningsLeading and Lagging SectorsReal estate shares jumped by 1.5% on Tuesday.In trading on Tuesday, energy shares fell by 2%.Top HeadlineGoldman Sachs Group Inc. GS reported revenue of $1 ...