Markets

Goldman Sachs Group, Inc. (The) (NASDAQ:GS) To Release Earnings

Goldman Sachs Group, Inc. (The) (NASDAQ:GS) To Release Earnings

Goldman Sachs Group had a return on equity of 11.34% and a net margin of 26.42%.

GS has been the subject of several research analyst reports. (The) (NASDAQ:GS) to report earnings on Jan, 17 for the fiscal quarter ending Dec 2017. Outstanding shares refer to a company's stock presently held by all its shareholders, counting share blocks held by institutional shareholders and restricted shares owned by the company's officers and insiders.

What Historical Figures Say About The Goldman Sachs Group, Inc. Macquarie Group Ltd. now owns 112,955 shares of the investment management company's stock worth $16,783,000 after buying an additional 23,529 shares during the period.

Goldman Sachs shares are a little less than 6% up from a year ago. FNY Managed Accounts LLC now owns 557 shares of the investment management company's stock worth $123,000 after acquiring an additional 478 shares during the last quarter. FTB Advisors Inc. raised its holdings in Goldman Sachs Group by 0.3% during the 2nd quarter. The company's shares were losing nearly 1% in pre-market activity on Wall Street.

Goldman Sachs posted a $1.93 billion loss in the fourth quarter as the investment bank had to record more than $4 billion in charges related to the new tax law. Insiders own 2.57% of the company's stock. (NYSE:GS). Huntington National Bank invested 0.12% in The Goldman Sachs Group, Inc. 846 are held by Halsey Assoc Inc Ct. Lederer And Assoc Investment Counsel Ca holds 0.25% of its portfolio in The Goldman Sachs Group, Inc. TheStreet raised shares of Goldman Sachs Group from a "c+" rating to a "b" rating in a research report on Friday, October 13th. Two equities research analysts have rated the stock with a sell rating, seventeen have given a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Goldman Sachs Group now has a consensus rating of "Hold" and an average price target of $250.89. The stock was sold at an average price of $208.65, for a total transaction of $744,045.90. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Another trade for 17,685 shares valued at $4.16 million was made by ROGERS JOHN F.W. on Tuesday, August 8. The stock was sold at an average price of $238.99, for a total value of $1,104,133.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,177 shares of company stock worth $32,435,160.

In a news release, Goldman characterized trading as "a challenging environment characterized by low levels of volatility and low client activity". Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.




Goldman's bond trading unit posted its worst quarter since 2008, with a 50 percent revenue plunge. Looking at growth from a sector-level, the USA capital markets industry has been growing its average earnings by double-digit 17.00% in the past twelve months, and 10.45% over the past couple of years. Over the last few years, Goldman Sachs Group grew bottom-line, while its top-line declined, by efficiently managing its costs.

Overall, the bank posted a net fourth-quarter loss of $2.1 billion, or $5.51 per share, and took a $4.4 billion charge related to sweeping USA tax law changes. This suggests that whatever uplift the industry is profiting from, Goldman Sachs Group is capable of amplifying this to its advantage.

The company's Average Revenue Estimate for the current quarter is $8.48 Billion, while Low and High Revenue Estimates are $8.09 Billion and $8.97 Billion respectively. The firm's revenue was up 2.0% compared to the same quarter a year ago.

Brokerages predict that Goldman Sachs Group Inc (NYSE:GS) will report $7.63 billion in sales for the current quarter, according to Zacks. The business's quarterly revenue was up 2.0% on a year-over-year basis. The firm earned "Buy" rating on Thursday, November 3 by UBS. The company was maintained on Wednesday, November 1 by Aegis Capital. While Goldman Sachs Group has a good historical track record with positive growth and profitability, there's no certainty that this will extrapolate into the future. Evercore Wealth Management holds 0.02% in The Goldman Sachs Group, Inc. The legal version of this piece of content can be read at https://www.dispatchtribunal.com/2018/01/16/eg-advisors-lp-has-1-66-million-holdings-in-goldman-sachs-group-inc-gs.html.

The Goldman Sachs Group, Inc is an investment banking, securities and investment management company that provides a range of financial services to corporations, financial institutions, governments and individuals. It worsened, as 63 investors sold GS shares while 427 reduced holdings.


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