Latest news with #TheGoldmanSachsGroup
Yahoo
23-07-2025
- Business
- Yahoo
Jim Cramer on Goldman Sachs: 'They May Have Had the Best Quarter Ever'
The Goldman Sachs Group, Inc. (NYSE:GS) is one of the stocks Jim Cramer reflected on. Cramer noted that the firm 'may have had the best quarter ever.' He said: 'The single best report of the big banks came from Goldman Sachs, another Charitable Trust holding… really bailed me out on this one… They changed the… CEO of this today… Goldman blew away the numbers. I think they may have had the best quarter ever… Photo by Akshay Sadarangani on Unsplash Goldman Sachs (NYSE:GS) provides financial services including investment banking, trading, asset and wealth management, private equity, and credit solutions. The firm serves corporations, institutions, governments, and individuals across global markets. While we acknowledge the potential of GS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
16-07-2025
- Business
- Globe and Mail
Goldman Gains as Q2 Earnings Beat Estimates, Boosts Dividend 33.3%
The Goldman Sachs Group, Inc. 's GS second-quarter 2025 adjusted earnings per share of $10.91 surpassed the Zacks Consensus Estimate of $9.43. This compares favorably with $8.62 in the year-ago quarter. Shares of the company gained 1.6% in the pre-market trading on better-than-expected results. The volatile market lifted Goldman's net revenues in Equities by 36% year over year to $4.3 billion. Fixed income, currency and commodities trading revenues rose 9% year over year to $3.5 billion. Investment Banking (IB) fees rose 26% year over year to $2.2 billion in the quarter, driven by significantly higher net revenues in Advisory, reflecting strength in the Americas and EMEA. Goldman's results benefited from solid growth in the Global Banking & Markets division. Yet, increased expenses and provision were concerning. Net earnings (GAAP basis) of $3.7 billion increased 22% from the prior-year quarter. GS's Revenues & Expenses Increase Net revenues rose 15% to $14.6 billion for the quarter from the year-ago quarter. Also, the top line surpassed the Zacks Consensus Estimate by 8.1%. Total operating expenses increased 8% year over year to $9.2 billion. Provision for credit losses was $384 million, up 36% from the prior-year quarter. Goldman's Quarterly Segmental Performance: Mixed Bag The Asset & Wealth Management division generated revenues of $3.8 billion in the reported quarter, down 3% year over year. The decrease reflected significantly lower net revenues in equity investments and debt investments, partially offset by higher management and other fees. Firmwide assets under supervision were $3.3 trillion, up 12.2% from the prior-year quarter. The Global Banking & Markets division recorded revenues of $10.1 billion, which increased 24% year over year. The improvement was driven by a rise in net revenues in Equities (including an increase in net revenues in financing) and strong performances in Fixed income, currency and commodities. The Platform Solutions division's revenues were $685 million, up 2% year over year. GS's Capital Ratio Declines As of June 30, 2025, the standardized Common Equity Tier 1 capital ratio was 14.5%, down from 14.8% as of June 30, 2024. The company's supplementary leverage ratio was 5.3%, down from 5.4% in the year-ago quarter. Goldman's Capital Distribution Update In the reported quarter, GS returned $3.96 billion in capital to common shareholders. This included $3 billion in share repurchases and common stock dividends of $957 million. The company cleared the 2025 Fed stress test and increased the quarterly dividend to $4.00 per common share, marking an increase of 33.3% from the prior payout. The dividend will be paid out on Sept. 29, 2025, to common shareholders of record on Aug. 29, 2025. Our View on GS Goldman's focus on IB and trading businesses, along with strong deal-making pipelines, will likely support the top line. Active client engagement and a solid position in announced and completed mergers and acquisitions globally are likely to act as tailwinds in the upcoming period. However, a rise in expenses poses near-term concerns. The Goldman Sachs Group, Inc. Price, Consensus and EPS Surprise Currently, GS carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Earnings Dates & Expectations of Other Investment Banks Raymond James Financial Inc. RJF is slated to report quarterly results on July 23. The Zacks Consensus Estimate for RJF's fiscal third-quarter 2025 earnings has been revised upward to $2.37 per share over the past seven days. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar. LPL Financial Holdings Inc. LPLA is expected to report quarterly results on July 31. The Zacks Consensus Estimate for LPLA's second-quarter 2025 earnings has been revised downward to $4.26 per share over the past seven days. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report Raymond James Financial, Inc. (RJF): Free Stock Analysis Report LPL Financial Holdings Inc. (LPLA): Free Stock Analysis Report
Yahoo
25-06-2025
- Business
- Yahoo
The Goldman Sachs Group, Inc. (GS) Is Experiencing A Lot Of Momentum, Believes Jim Cramer
The Goldman Sachs Group, Inc. (NYSE:GS) is one of the . The Goldman Sachs Group, Inc. (NYSE:GS) is one of the largest investment banks in the world. The shares have gained 11.5% year-to-date as investors look to increased capital markets activity. The investment banking industry has been suffocated for quite some time as high rates and sluggish economic activity have raised the stakes for firms to go public or conduct mergers and acquisitions. 2025 has seen a couple of IPOs hit the market, and The Goldman Sachs Group, Inc. (NYSE:GS)'s shares are reflective of the easing market. Cramer commented on these trends: 'I think that it's project momentum over at Goldman. I think that they're doing incredibly well. I know David had been tepid about the deal flow and that you also said that IPOs really don't matter.' In his earlier remarks about The Goldman Sachs Group, Inc. (NYSE:GS), Cramer discussed the IPO market and the government's policies: 'If you take a step back for a second and consider the theme in the aggregate, it's a very easy time to play an uptick in IPOs, just buy the investment bank that's the best under the sun and that's Goldman Sachs. Now, of the big banks, they're the most levered to investment banking, and that includes IPOs and underwriters. We've owned Goldman Sachs for the Charitable Trust since late last year, primarily because I thought we'd see an uptick in deal activity this year as the Trump administration replaced the Biden administration. A close-up of a financial advisor giving advice to a customer, demonstrating the importance of consumer and wealth management. But as it became clear that the new Trump administration was going to prioritize tariffs over its more pro business policies, that's a real negative for both IPOs and M&A, this thing pulled back hard, only falling nearly 35% from peak to trough by the time it bottomed at $440 [on] April 7th. Since then, though, Goldman's been rallying hard in part because of the IPO market bouncing back and also because there's been a pickup in mergers and acquisitions…. While we acknowledge the potential of GS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
25-06-2025
- Business
- Yahoo
The Goldman Sachs Group, Inc. (GS) Is Experiencing A Lot Of Momentum, Believes Jim Cramer
The Goldman Sachs Group, Inc. (NYSE:GS) is one of the . The Goldman Sachs Group, Inc. (NYSE:GS) is one of the largest investment banks in the world. The shares have gained 11.5% year-to-date as investors look to increased capital markets activity. The investment banking industry has been suffocated for quite some time as high rates and sluggish economic activity have raised the stakes for firms to go public or conduct mergers and acquisitions. 2025 has seen a couple of IPOs hit the market, and The Goldman Sachs Group, Inc. (NYSE:GS)'s shares are reflective of the easing market. Cramer commented on these trends: 'I think that it's project momentum over at Goldman. I think that they're doing incredibly well. I know David had been tepid about the deal flow and that you also said that IPOs really don't matter.' In his earlier remarks about The Goldman Sachs Group, Inc. (NYSE:GS), Cramer discussed the IPO market and the government's policies: 'If you take a step back for a second and consider the theme in the aggregate, it's a very easy time to play an uptick in IPOs, just buy the investment bank that's the best under the sun and that's Goldman Sachs. Now, of the big banks, they're the most levered to investment banking, and that includes IPOs and underwriters. We've owned Goldman Sachs for the Charitable Trust since late last year, primarily because I thought we'd see an uptick in deal activity this year as the Trump administration replaced the Biden administration. A close-up of a financial advisor giving advice to a customer, demonstrating the importance of consumer and wealth management. But as it became clear that the new Trump administration was going to prioritize tariffs over its more pro business policies, that's a real negative for both IPOs and M&A, this thing pulled back hard, only falling nearly 35% from peak to trough by the time it bottomed at $440 [on] April 7th. Since then, though, Goldman's been rallying hard in part because of the IPO market bouncing back and also because there's been a pickup in mergers and acquisitions…. While we acknowledge the potential of GS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-06-2025
- Business
- Yahoo
Bank of America Bullish on Goldman Sachs, Predicts Surge to $700
The Goldman Sachs Group, Inc. (NYSE:GS) is one of the best stocks for a retirement stock portfolio. On June 12, Bank of America reaffirmed its Buy rating on Goldman Sachs, highlighting the firm's ability to evolve with changing conditions, describing it as having 'proven DNA to adapt to an ever-changing world.' A close-up of a financial advisor giving advice to a customer, demonstrating the importance of consumer and wealth management. The bank set a price target of $700 per share, suggesting a 12% gain from June 11's closing price of $624.17. Analyst Ebrahim Poonawala noted The Goldman Sachs Group, Inc. (NYSE:GS)'s long track record of weathering challenging periods, pointing to the Paul Volcker era at the Federal Reserve and the 2008 financial crisis as moments that showcased 'a strong combination of scale and flexibility.' Poonawala made the following comment: 'A sea change in the macro backdrop (interest rates, geopolitics) vs. post-GFC [Great Financial Crisis] years combined with a strategy that is focused on deepening client relationships (via financing) has increased the resiliency of trading revenues.' He also projected ongoing strength in The Goldman Sachs Group, Inc. (NYSE:GS)'s trading revenue, which stood out in the bank's latest quarterly results. The analyst further stated: 'Goldman's presence in the private credit space dating back to the mid-90s, history of strong risk management (superior client selection) should reduce the risk from any potential credit volatility in this space.' GS has surged by nearly 7% since the start of 2025. While we acknowledge the potential of GS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and Disclosure. None. Sign in to access your portfolio
