Goldman Sachs (GS) tops Q2 earnings expectations

Goldman Sachs (GS) PT Raised to $500 at RBC Capital, Maintains Sector Perform

July 15, 2024 1:56 PM EDT

RBC Capital analyst Gerard Cassidy raised the price target on Goldman Sachs (NYSE: GS) to $500.00 (from $435.00) while maintaining a Sector Perform rating.

The analyst comments "GS is a preeminent global investment bank with a leading position in the global markets, which... More

Goldman Sachs (GS) PT Raised to $520 at Argus

July 15, 2024 1:25 PM EDT

Argus analyst Stephen Biggar raised the price target on Goldman Sachs (NYSE: GS) to $520.00 (from $465.00) while maintaining a Buy rating.

The analyst comments "Raising target to $520 following 2Q results On July 15, Goldman reported 2Q24 earnings of $8.62 per share, up from $3.08 a year earlier and above the... More

Wolfe Research on Goldman Sachs (GS): '2Q24 First Look: Mixed Bag'

July 15, 2024 9:05 AM EDT

Wolfe Research analyst Steven Chubak reiterated a Peerperform rating on Goldman Sachs (NYSE: GS).

The analyst comments "GS 2Q Summary: GS reported 2Q EPS of $8.62; ex. specials / impact of businesses GS intends to exit, the firm noted core EPS of $8.41, compared to... More

Citi Reiterates Neutral Rating on Goldman Sachs (GS)

July 15, 2024 8:51 AM EDT

Citi analyst Keith Horowitz reiterated a Neutral rating and $460.00 price target on Goldman Sachs (NYSE: GS)

The analyst comments "Core results were largely in line as stronger top line (34c) and lower credit costs (30c) were offset by higher than expected expenses... More

Goldman Sachs profit tops estimates on robust debt underwriting, fixed-income trading

July 15, 2024 7:28 AM EDT

By Saeed Azhar and Niket Nishant

NEW YORK (Reuters) -Goldman Sachs' profit more than doubled in the second quarter and beat analysts' estimates on strong debt underwriting and fixed-income trading, but slipped from a bumper first quarter when earnings were the highest since 2021.

The resilience of the U.S. economy has given corporate executives the confidence to pursue acquisitions, debt sales and stock offerings.

"We remain very well-positioned to benefit from a continued resurgence in activity," said Goldman CEO David Solomon, who began a conference call with analysts by condemning the assassination attempt on former U.S. President... More

Goldman Sachs (GS) Tops Q2 EPS by 26c

July 15, 2024 7:26 AM EDT

Goldman Sachs (NYSE: GS) reported Q2 EPS of $8.62, $0.26 better than the analyst estimate of $8.36. Revenue for the quarter came in at $12.73 billion versus the consensus estimate of $12.35 billion.

For earnings history and earnings-related data on Goldman Sachs (GS) click here.

... More