Goldman Sachs (GS) Up 24.2% YTD: What are the Reasons?

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 ...