Goldman Sachs Group (GS), a dominant Wall Street bank, has been on a roller-coaster in the market with its
stock price experiencing both growth and decline. In recent developments, the bank has obtained a
Saudi HQ License, marking it the first among Wall Street banks to do so.
Institutional investors command a sizeable control of its ownership, and the company's stock currently sits at a consensus target price of $440.57. However, Goldman Sachs recently suffered a larger drop than the general market, which has raised concerns among investors. Despite this, those who invested in Goldman Sachs five years ago saw an impressive 121% return. The company's CEO, Solomon, forecasts no rate cuts by the Fed in 2024. Interestingly, the company is reported to have been significantly dominated by institutions, with ownership percentages ranging within the high 60s. In general, Goldman Sachs has remained resilient and has shown potential as a long-term stock. However, given the multiple market dynamics, occasional drops and mixed earnings results, it remains to be seen how the group will perform in the future.
Goldman Sachs Group GS News Analytics from Wed, 19 Jul 2023 07:00:00 GMT to Sun, 26 May 2024 08:26:40 GMT -
Rating 1
- Innovation 2
- Information 7
- Rumor -6
