An array of updates revolving around Goldman Sachs Group (GS) have come to light. GS has shown desirable profitability, with Q2 2024 earnings exceeding analyst predictions and reflecting growth. Both revenues and EPS had a significant beat, with investment banking fees marking a 21% boost, and the company announced a dividend hike. Leadership changes in the investment banking sector have also been noted.
Despite some insider sell-offs of shares, the company has consistently attracted institutional investor attention. The stock climbed 3.3% over the past week and investors have witnessed solid returns over the past five years. GS is reportedly viewed as a favorite among institutional investors, holding 72% ownership.
BMO Capital has set a fresh price target for GS at $373.00, while other analysts increased their targets to $493 after recent earnings. GS also received a Saudi HQ license, marking a first for Wall Street Banks.
In innovation, GS alongside Betterment introduced an industry-first tax-smart bonds portfolio. Finally, strategic shifts and reinventions within GS point to more growth prospects.
Goldman Sachs Group GS News Analytics from Sun, 15 Oct 2023 07:00:00 GMT to Sun, 21 Jul 2024 14:03:20 GMT - Rating 7 - Innovation 6 - Information 8 - Rumor 3
