Momentum continues strongly for The Goldman Sachs Group as it hits new highs and maintains robust financial performance driven by successful asset management strategies. Notably, the financial giant's shares have soared with Evercore ISI setting a new price target pegged at $715. Veteran market commentator, Jim Cramer has reiterated a favorable outlook, labeling Goldman Sachs as a \"Cramer fave\". In administration news, the group announced the appointment of Raghav Maliah as the new Global Chairman of Investment Banking.
Furthermore, consistent asset purchases and position increases by various entities like Strategic Blueprint, GF Fund Management, and Summit Trail Advisors among others, underscore trust in the financial group's outlook. The group also plans a jumps in dividend by 33% following favorable stress test results. Variations made by some investors, including Generali Investments and First Horizon Advisors, remain part of standard portfolio strategies and have had no significant impact on the bank's overall standing.
The bank's resilience and proposed strong earnings for the 2025 period has lent further credence to the upward movement in the stock price.
Goldman Sachs Group GS News Analytics from Wed, 11 Jun 2025 07:00:00 GMT to Sat, 05 Jul 2025 14:50:33 GMT - Rating 7 - Innovation 2 - Information 6 - Rumor -1
