Goldman Sachs (GS) has seen a mix of ups and downs, reflecting significant fluctuations in the stock market. Interestingly, they have become the first Wall Street bank to be granted an HQ license in Saudi Arabia and are also planning to expand their private equity credit lines. Their performance, however, has been inconsistent; despite reporting strong Q1 2024 earnings and surpassing estimates fueled by trading and investment banking, there has also been an underperformance in the stock market. Additionally, their CEO's forecast of zero rate cuts by the Fed in 2024 has created unease. GS's share ownership is dominated by institutional investors, with percentages varying between 63% to 71%. This highlights a significant level of faith in the group's potential, despite bearish trends. Furthermore, there have been concerns regarding GS's caution, as its insiders have reportedly sold around US$25m of stock. The bank's shares have seen a compounded annual growth rate (CAGR) of 19-20% over five years, which offers some assurance to investors. Despite mixed performances and closing down Marcus Invest after a Betterment deal, the company still appears to maintain some market resilience.
Goldman Sachs Group GS News Analytics from Wed, 10 Feb 2021 21:38:15 GMT to Thu, 23 May 2024 21:45:08 GMT - Rating 1 - Innovation -5 - Information 5 - Rumor -2
