The Goldman Sachs Group (GS) has been witnessing changes in its stock performance, with upwards movements noted. The firm has seen an uptick in its finance sector performance this year. A surge in cash has boosted the US stock market and GS has benefited from this, rallying in the summer. Global asset manager, Quadrature Capital Ltd, is expanding its stake in Goldman Sachs, reflecting the banking giant’s appeal amongst institutional investors who own around 72% of the stock. GS reports strong earnings estimates, causing speculation over a market run. Goldman Family Office Clients are hedging for elections, indicating caution. GS's few years performance has been fruitful for investors who have seen returns up to 168%. However, a recent dip of 0.8% has surfaced concerns despite strong earnings results. Shareholders have garnered CAGRs of 19-20% over the last five years. Goldman Sachs is being viewed as a viable long-term stock, despite trading at a discount and insiders selling US$25m of stock. While earnings growth indicates a promising outlook, GS lags behind the S&P500 by 18% since 2023’s start. Goldman Sachs will shut down Marcus Invest post Betterment deal, holds a hefty private credit portfolio and the company has been cautioned against investing in China.
Goldman Sachs Group GS News Analytics from Tue, 12 Sep 2023 07:39:48 GMT to Sun, 09 Jun 2024 14:30:17 GMT -
Rating 7
- Innovation 3
- Information 5
- Rumor 2
