Over the past five years,
Goldman Sachs Group has seen impressive returns of 155%-171%. Various institutional investors, including
Lowe Brockenbrough & Co. Inc. and
abrdn plc, have significant stock positions, and
Sterling Investment Advisors Ltd. has cut its position. Despite underperforming competitors on specific dates, GS stock appears to continue showing strength with
strong revenue growth highlighted in Q3 2024 earnings call. Notably, the company is regarded as one of
UBS’ Top Tech Based Disruptive Stocks For 2030, and
Jim Cramer predicts the stock will rise further. There have been fluctuations, as seen with a 0.9% drop, 7.9% expansion in short interest, and a perceived overvaluation. Nevertheless, with the recent opening of an office in
Riyadh’s financial district, Goldman Sachs continues to broaden its global footprint. The firm partnered with
Blackstone to sell a novel fund finance bond, and CEO
David Solomon is optimistic about future deal prospects. Their continuing impressive performance even led to their dividend being raised to $3.00. However, they faced a $89 million penalty for Apple Card failures, divulging possible cracks in partnerships.
Goldman Sachs Group GS News Analytics from Fri, 15 Mar 2024 07:00:00 GMT to Sat, 02 Nov 2024 12:06:49 GMT -
Rating 7
- Innovation 8
- Information 6
- Rumor 1
