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Why Goldman Sachs (GS) is a Top Dividend Stock for Your Portfolio
ZACKS· 2024-08-21 16:45
All investors love getting big returns from their portfolio, whether it's through stocks, bonds, ETFs, or other types of securities. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and of course, dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a me ...
Monster insider trading alert for Goldman Sachs (GS) stock
Finbold· 2024-08-20 13:11
As politicians in the United States continue to attract attention over their stock trading habits, which their critics believe might entail unfair advantage, the history of one Congressman’s sales of Goldman Sachs (NYSE: GS) stock, in particular, has come into the limelight.Specifically, Michael McCaul, a member of the U.S. House of Representatives for Texas’s 10th congressional district, has sold around $1.3 million worth of Goldman Sachs stocks in the past three years, according to the information shared ...
Goldman Sachs Lowers Probability of US Recession
Investopedia· 2024-08-19 14:41
KEY TAKEAWAYSGoldman Sachs has lowered the chances of the U.S. falling into a recession in the next 12 months to 20% from 25%, following reassuring data on retail sales and jobless claims.The Wall Street bank said that it had raised its probability of a U.S. recession to 25% after July data showed unemployment rising to the highest since October 2021.Goldman said it expects a 25-basis-point interest-rate cut by the Federal Reserve in September, barring weaker-than-expected jobs data, which could trigger a 5 ...
2 Goldman Sach stocks to turn $100 to $1000 by 2025
Finbold· 2024-08-19 08:22
Banking giant Goldman Sachs (NYSE: GS) has identified several stocks likely to witness an upside in the future based on their key fundamentals. Notably, the bank’s backing is a significant move that can influence investors‘ decisions and the trajectory of specific equities. In this context, Finbold has identified two stocks highlighted by Goldman Sachs that can potentially turn a modest investment of $100 into $1000 by 2025.Alphabet (NASDAQ:GOOGL)Alphabet (NASDAQ: GOOGL), Google’s parent company, continues ...
Why Is Goldman (GS) Down 2.2% Since Last Earnings Report?
ZACKS· 2024-08-14 16:31
A month has gone by since the last earnings report for Goldman Sachs (GS) . Shares have lost about 2.2% in that time frame, outperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Goldman due for a breakout? 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 drivers. Goldman Q2 Earnings Beat Estimates, IB Revenues Rise Y/YGo ...
Goldman Sachs leaves climate alliance amid political pressure
Proactiveinvestors NA· 2024-08-13 16:06
About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...
Goldman Sachs (GS) Up 24.2% YTD: What are the Reasons?
ZACKS· 2024-08-08 14:05
Shares of Goldman Sachs (GS) have appreciated 24.2% year to date compared with the industry’s growth of 8.1%. The stock has outperformed the S&P 500 Index, which increased 11.1% in the same frame.Image Source: Zacks Investment ResearchGS’ impressive rebound in the Investment Banking (IB) business is supporting its growth trajectory. Its efforts to expand in the private equity market also look encouraging.Further, analysts are bullish on this Zacks Rank #3 (Hold) stock. In the past month, the Zacks Consensus ...
Goldman's David Solomon predicts Fed won't make emergency rate cuts
New York Post· 2024-08-07 16:58
Goldman Sachs CEO David Solomon said the Federal Reserve won’t make emergency rate cuts before the central bankers meet in September, despite Monday’s Wall Street meltdown over heightened risks of a recession.“I don’t expect that you’ll see anything before September,” Solomon said in an interview for Bloomberg’s “The David Rubenstein Show: Peer to Peer Conversations.”  3 Goldman Sachs CEO David Solomon said he believes interest rate cuts in September are likely. REUTERS“The economy will chug along and we ...
Here is What to Know Beyond Why The Goldman Sachs Group, Inc. (GS) is a Trending Stock
ZACKS· 2024-08-07 14:02
Goldman Sachs (GS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this investment bank have returned -0.6% over the past month versus the Zacks S&P 500 composite's -5.9% change. The Zacks Financial - Investment Bank industry, to which Goldman belongs, has lost 7.6% over this period. Now the key question is: Where could the stock be headed in the near ter ...
Goldman Sachs economists raise ‘limited' risk of US recession to 25% chance: report
New York Post· 2024-08-05 02:56
Economists at Goldman Sachs raised the likelihood of the US economy slipping into a recession within the next 12 months from 15% to 25% while continuing to view the risk of recession as limited, according to a report.Goldman economists led by Jan Hatzius, the firm’s chief economist and head of global investment research, wrote that they “continue to see recession risk as limited” in a report to clients on Sunday that was reviewed by Bloomberg.They said the US economy appears to be “fine overall” and noted t ...