Is Goldman Sachs Poised for a Big Win?

Banking, finance, and taxes

Published: January 14, 2020 12:40 pm

Last Updated: January 30, 2020 11:14 am

Goldman Sachs Group Inc. (NYSE: GS) is set to report its most recent quarterly results before the markets open on Wednesday. Analysts expect to see $5.46 in earnings per share (EPS) and $8.51 billion in revenue. The fourth quarter of last year reportedly had $6.04 in EPS and $8.08 billion in revenue.

During the most recent quarter, Investing & Lending net revenues included record quarterly net interest income in debt securities and loans. Also, Investment Management net revenues included record quarterly management and other fees.

The third-quarter results reflected the underlying strength in the global client franchise and its ability to produce solid results in the context of a mixed operating environment. However, with Goldman Sachs’ focus on investing in growth opportunities, the rising tide of the past quarter could prove beneficial for the investment bank.

If the Goldman Sachs quarterly report is anything like JPMorgan’s fourth quarter, then trading revenues will be a big factor.

Overall, Goldman Sachs stock has outperformed the broad markets, up about 38% in the past 52 weeks. In the past quarter alone, the stock is up 20%.

A few analysts weighed in on the investment bank ahead of the report:

Piper Sandler has an Overweight rating.
JMP Securities rates it Outperform with a $290 price target.
Buckingham Research has a Buy rating and a $290 price target.
Merrill Lynch has a Buy rating and a $270 target price.
D.A. Davidson’s Buy rating comes with a $272 price target.
RBC has a Neutral rating and a $220 target price.
Barclays has a Hold rating with a $267 price target.

Shares of Goldman Sachs traded at $246.30 on Tuesday, in a 52-week range of $176.40 to $246.44. The consensus price target is $257.25.

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