GS - The Goldman Sachs Group, Inc.
| Previous Close | 207.90 |
| Open | 207.09 |
| Bid | 205.55 x 800 |
| Ask | 206.30 x 1300 |
| Day's Range | 205.15 - 207.86 |
| 52 Week Range | 151.70 - 252.75 |
| Volume | 2,804,336 |
| Avg. Volume | 3,011,600 |
| Market Cap | 77.875B |
| Beta (3Y Monthly) | 1.20 |
| PE Ratio (TTM) | 8.57 |
| EPS (TTM) | 24.02 |
| Earnings Date | Apr 15, 2019 - Apr 22, 2019 |
| Forward Dividend & Yield | 3.20 (1.67%) |
| Ex-Dividend Date | 2019-05-29 |
| 1y Target Est | 230.00 |
- GuruFocus.com•12 hours ago
Yacktman Focused Fund Adds to Samsung and State Street, Axes Goldman Sachs
First-quarter portfolio reveals increases to 5 companies
- Financial Times•yesterday
Goldman Sachs pays price for delay to strategic update
Wall Street’s top six banks posted a decidedly mixed set of results for the first quarter, with retail banks generally triumphing over their more capital markets focused rivals and dealmakers having a better time of it than traders. Investor reaction was most decisive against Goldman Sachs. Analysts attributed the fall to Goldman’s decision to defer a much-anticipated strategic update until early next year.
Reuters•2 days agoPinterest, Zoom shares surge in market debuts after IPOs
"All of the gyrations that you read about in the press and the drama that you read about in other cases, we can certainly fall victim to a lot of those things if we are distracted by the news cycle or things that are short-term by nature," Pinterest Chief Financial Officer Todd Morgenfeld said. Zoom Video Communications Inc shares also surged in the U.S. video conferencing company's first day of trading on Thursday, closing 72 percent above their IPO price of $36. Investors are hopeful that money-losing Pinterest, the most high-profile social media company to list in the United States since Snap Inc in 2017, will have a strong run in the market, given the company's ability to grow revenue and increase its user base.
- Benzinga•2 days ago
Goldman Sachs Enters Ultra-Short Bond ETF Fray
Amid expectations the Federal Reserve will slow its pace of interest rate increases this year or perhaps not raise rates all, fixed income investors are embracing medium- and longer-term bond exchange ...
- Reuters•2 days ago
BUZZ-U.S. stocks weekly: Calm before the earnings storm
** S&P 500 snaps 3-week win streak, though just inches lower by 0.08%. This as 155 cos prepare to report results next week, the busiest period of Q1 earnings season ** Indeed, the SPX is almost there in ...
- InvestorPlace•2 days ago
Bank of America Stock Is One Catalyst Away From Moving Higher
Bank of America (NYSE:BAC) dropped and then recovered in Tuesday trading following its earnings announcement. The Charlotte-based banking giant beat earnings estimates, but missed on revenue. This, along with a warning about slowing net interest income, hit BAC stock before it recovered later in the day. * 5 Dividend Stocks Perfect for Retirees Source: Shutterstock However, the quick move to pre-report levels may show underlying confidence in BAC. With a low multiple and double-digit profit growth set to continue, Bank of America stock looks poised for a breakout. BAC Stock Beat on Earnings, Fell Short on RevenueFor the first quarter, BAC reported its 16th consecutive beat on earnings. In Q1, the company earned 70 cents per share, or $7.3 billion. This beat estimates by 5 cents per share and came in ahead of the year-ago level of 62 cents per share. Consumer banking led the way as net income from that division rose 25% to $3 billion. Net income in its Global Wealth and Investment Management division also rose by 14%.However, other divisions saw slower profit growth or, in the case of Global Banking, an outright decline. Also, revenues of $23 billion fell short of the first quarter revenue level of $23.07 billion last year. Analysts had expected $23.3 billion.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe disappointment did not end there. The company also acknowledged that net interest income would rise by only 3% this year. Net interest income increased by 6% in 2018. This news sent BAC stock falling by as much as 2.8% in morning trading. BAC Stock Recovered QuicklyHowever, the fact that the stock ended the day 0.13% higher shows underlying confidence in BAC. Since mid-January, the stock has mostly traded between $28 and $30 per share. The exception occurred in mid-March. BAC stock fell to as low as $26.67 per share when the Fed announced an intention to delay further rate increases for the year. Still, it recovered quickly to the previous range.Traders appear justified in keeping BAC stock at these levels. When looking at the overall picture, little reason exists to sell Bank of America stock. The current price-to-earnings (PE) ratio stands at around 11.5. At this price level, the PE falls to 9.3 on a forward basis. For this valuation, investors buy a company expected to increase profits by 9.5% this year and 10.8% in fiscal 2020.The improvements extend beyond BAC. JPMorgan Chase (NYSE:JPM) and Citigroup (NYSE:C) confirmed the strength of this sector in their recent earnings reports. Wells Fargo (NYSE:WFC) did not perform as well, but it continues to struggle with reputation issues. Goldman Sachs (NYSE:GS), which also offered mixed news in its report, depends more on investment banking. When Will BAC Stock Finally Rise?With BAC stock, the near-term questions involve when a breakout will occur and what will cause it? Since quarterly earnings did not offer a catalyst, predicting when becomes more difficult.If nothing else, rising profits and falling earnings multiples will eventually take BAC stock higher. Moreover, BAC will pay its investors to wait with dividends. BAC has increased its payout for five straight years now. This year's dividend of 60 cents per share yields about 2%. Hence, investors will receive a payout slightly above the current S&P 500 average of 1.85%. Also, if history serves as an indication, investors can expect the dividend to increase over time. Final Thoughts on BAC StockConditions remain in place for BAC stock to move higher. The question hinges on when? As predicted, earnings increased and beat estimates again. Also, despite disappointments in revenue and net interest income, the stock recovered quickly. Still, this leaves BAC stock rangebound and traders with no indication as to when it will break out. * 10 Best Stocks to Buy and Hold Forever Investors can buy now and earn a yield of about 2% on the dividend. Also, even if little else occurs, improving profits will force Bank of America stock to move higher at some point. However, until a catalyst appears, expect payouts and little else from BAC stock.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Bank of America Stock Is One Catalyst Away From Moving Higher appeared first on InvestorPlace.
- Bloomberg•2 days ago
Best Retail Sales Since 2017 Brighten U.S. Growth Outlook
The value of overall sales in March rose 1.6 percent, boosted by gains in motor vehicles and gasoline stations, after an unrevised 0.2 percent decrease the prior month, according to Commerce Department figures released Thursday. A Labor Department report released at the same time showed initial jobless claims fell last week to 192,000, the lowest since September 1969. Economists had projected an increase.
- InvestorPlace•2 days ago
Nokia Stock Is Still Waiting for the 5G Gold Rush
Nokia (NYSE:NOK), which reinvented itself this decade as a telecom equipment supplier, is still waiting for the 5G gold rush.Source: Shutterstock The new mobile phone standards will require new base stations and radios that can handle both huge amounts of data and new swaths of frequency bandwidth.The question has always been how fast, and how urgent, the equipment gold rush will be. There is also the question of how much of that gold Nokia will get.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat's because, while Nokia owns old-line phone equipment brands Alcatel and Lucent, it's not the only supplier. Ericsson (NASDAQ:ERIC), also once known as a mobile phone brand, is in the market. So is Samsung (OTCKMKTS:SSNLF). The market power of Chinese competitors Huawei and ZDF, and U.S. startups like privately held Altiostar Networks, which recently won Rakuten's business in Japan with a software upgrade, will also be tested this year. The First QuarterThe first clues to Nokia's success will come in the March quarter report, now due to be delivered April 25. Analysts are expecting profits of 3 cents per share, about $170 million, on revenue of $5.77 billion. * 10 Best Stocks to Buy and Hold Forever Any profit would be welcome because Nokia hasn't had a positive bottom line since 2015. That year was also the heart of the 4G buildout. Since then, network owners have been buying frequencies or hoarding cash, to prepare for the technology now being introduced.Analysts will be looking, not just to the numbers, but to Nokia's success in winning 5G contracts. Network operators are looking to stagger their rollouts, spreading the cost out over several years. Nokia is also facing unspecified "compliance issues" at Alcatel-Lucent, the base station equipment unit it acquired in 2016 .Those problems, which don't seem to be shared by its primary competitors, are behind the Goldman Sachs (NYSE:GS) "sell" rating on Nokia, issued April 15, that hit the stock hard. Goldman notes that Samsung recently won the business of Verizon (NYSE:VZ) and that Huawei is now equal to Nokia in market share. Nokia, Not NokiaConsumers have been seeing Nokia phones in stores for three years.But while these phones are Nokia-branded, and the company gets royalty payments on them, they're the product of another company. That's HMD Global, staffed by former Nokia executives, who picked up the business from Microsoft (NASDAQ:MSFT) in 2016 and have their phones made by Foxconn, the same people who make the Apple (NASDAQ:AAPL) iPhone. The designs are built around Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) Android software.The hope was that HMD phones would be a credit to the Nokia brand, but there are problems. Some went to the wrong countries, sending data back to China. The company's head of design left. The new designs, which compete with the Samsung Galaxy line, are drawing indifferent reviews, due to issues that should have been ironed out in the design phase. The Bottom LineGiven the collapse of Nokia after the launch of the iPhone, it is remarkable that it remains a consumer brand and an industry player.But it's not yet a winner.Analysts are hoping Nokia can earn 42 cents per share next year, which would make the stock dirt cheap at its April 17 price of $5.70 per share, a forward price to earnings multiple of just 14.Whether it can hit that mark, however, is increasingly questioned. There are 30 analysts following the stock, and five have downgraded it in the last three months, with less than half now saying you should buy it.I wish the company well, but not with my money.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at danablankenhorn@gmail.com or follow him on Twitter at @danablankenhorn. As of this writing, he owned shares in MSFT and AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 5 Dividend Stocks Perfect for Retirees * 7 Reasons the Stock Market Rally Isn't Over Yet * 10 S&P 500 Stocks to Weather the Earnings Storm Compare Brokers The post Nokia Stock Is Still Waiting for the 5G Gold Rush appeared first on InvestorPlace.
- Barrons.com•2 days ago
How to Buy Goldman Sachs and JPMorgan Chase Stock on the Cheap
How to prepare for the bull market’s end by selling cash-secured put options on stocks you want to own.
- InvestorPlace•2 days ago
3 Big Stock Charts for Thursday: Citrix Systems, Goldman Sachs Group and Amgen
Yesterday's strong start didn't end up with a strong finish, though it wasn't disastrous either. The S&P 500 ended up closing at 2,900.45, down 0.23%. Higher volume and a "bottomy" VIX suggests this could be a major pivot point, though it's far too soon to make such a call yet.Source: Allan Ajifo via Wikimedia (Modified)The indices may have fared considerably better had it not been for Sprint (NYSE:S). Shares of the wireless company slumped more than 6% on whispers that its intended merger with T-Mobile (NASDAQ:TMUS) may meet resistance with the Department of Justice.At the other end of the spectrum, Qualcomm (NASDAQ:QCOM) jumped 12% after it and Apple (NASDAQ:AAPL) finally (mostly) ended a long-standing legal battle over intellectual property.InvestorPlace - Stock Market News, Stock Advice & Trading TipsNone of those names are especially great trading prospects as we kick off the last trading day of the holiday-shortened weak. Rather, it's the stock charts of Goldman Sachs Group (NYSE:GS), Amgen (NASDAQ:AMGN) and Citrix Systems (NASDAQ:CTXS) that merit the closest looks. Amgen (AMGN)AMGN stock isn't beyond salvaging yet. But, it's taking on water. A little more downside could do the trick and put a self-sustaining selloff into motion. Click to Enlarge * The technical problem is most evident on the weekly chart. The lower boundary of the rising trading channel hasn't cleanly kept the uptrend intact. In fact, Wednesday's close was below that floor. * There are still two horizontal floors in place, both plotted in red on both stock charts. Each is a level at which AMGN stock has made key lows since October. * It's subtle, but the string of lower highs seen since the early December peak is the first time we've seen two lower lows since 2015. Citrix Systems (CTXS)Citrix Systems is a name that has been on our radar, and examined frequently, for the better part of the past few months. With our last look on April 4, a failed effort to break above a major ceiling was a major red flag that the bulls just aren't ready to roll.Since then, things have continued to deteriorate. CTXS stock remains below a minor support level, and a couple of major support lines are under attack. Click to Enlarge * One of those support lines is right around $98, plotted in green on the daily chart. That's where Citrix stock bottomed a couple of times since October. * Zooming out to the weekly chart, we can see the support line -- plotted in blue -- that has tagged both major lows since early 2016 is also under pressure. * The lower edge of the converging wedge pattern marked by yellow lines on both stock charts hasn't been able to keep CTXS stock propped up since March. Goldman Sachs Group (GS)GS stock hasn't made any major net progress since January's surge. But, it has been working on a breakout thrust that's almost ready to launch. One or two more good days could do the trick, and the backdrop is already as encouraging as it needs to be. Click to Enlarge * The make-or-break level in question is right around $208, where the white 200-day moving average line currently lies, and where the resistance line that tags the prior three major highs also awaits. That line is plotted in yellow on both stock charts. * Zooming out to the weekly timeframe we can see the past four slightly bullish weeks have been on decent -- and growing -- volume.As of this writing, James Brumley did not hold a position in any of the aforementioned securities. You can learn more about James at his site, jamesbrumley.com, or follow him on Twitter, at @jbrumley. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Stocks to Buy for Spring Season Growth * This Is How You Beat Back a Bear Market * 7 Dental Stocks to Buy That Will Make You Smile Compare Brokers The post 3 Big Stock Charts for Thursday: Citrix Systems, Goldman Sachs Group and Amgen appeared first on InvestorPlace.
- Investopedia•2 days ago
How Pinterest Makes Money
The social media platform will begin trading on the NYSE on Thursday under the symbol "PINS."
- Market Realist•3 days ago
Bank of America’s Asset Quality, Efficiency, and Earnings
Why Bank of America’s Q1 Results Didn't Lift Its Stock(Continued from Prior Part)Asset quality Bank of America’s (BAC) credit quality across its consumer and commercial portfolios remained stable at the end of the first quarter. The net
Bloomberg•3 days agoBarclays, BNP Eye Goldman's Playbook for Private Debt
BNP Paribas could raise outside money for its first such fund, known as a direct-lending fund, as soon as this year, according to a person with knowledge of the matter. Discussions at Barclays are more preliminary, but any fund set up could offer a broad range of financing options, according to separate people. The banks are considering following the lead of Goldman Sachs Group Inc., which decades ago set up a direct lending arm that has helped it win fees.
- Zacks•3 days ago
Zacks Earnings Trends Highlights: JPMorgan, Citigroup, Goldman Sachs and Wells Fargo
Zacks Earnings Trends Highlights: JPMorgan, Citigroup, Goldman Sachs and Wells Fargo
- Market Realist•3 days ago
Morgan Stanley’s Valuation and Target Prices
Morgan Stanley’s Q1 Earnings Fell 4%, Beat the Estimates(Continued from Prior Part)Valuation Morgan Stanley (MS) is trading at a forward PE ratio of 9.6x, which is ~16% lower than its five-year average PE ratio. The stock is trading at a PBV
- Market Realist•3 days ago
Morgan Stanley’s Q1 Earnings Fell 4%, Beat the Estimates
Morgan Stanley’s Q1 Earnings Fell 4%, Beat the EstimatesMorgan Stanley’s first-quarter results Morgan Stanley (MS) reported its first-quarter results on April 17. The company reported an EPS of $1.39, which beat the consensus estimates of $1.17
- Morningstar•3 days ago
We Like Goldman's Transformation
The company is in the middle of a front-to-back review of its business that aims to expand revenue on the front end, especially in newer business lines, and optimize expenses and capital of traditional business lines on the back end. The current Goldman narrative reminds us a lot of Morgan Stanley after its Smith Barney merger, where the company is on a trajectory of adding more stable, capital-light revenue streams but the market isn't giving the company any credit for it. Given where we are in the capital markets cycle and Goldman's investment cycle, it could take a while for the company's initiatives to clearly show in the bottom line.
- InvestorPlace•4 days ago
5 Top Stock Trades for Wednesday: BAC, MS, O
Stocks were up modestly as the trend for the broader market remains higher. When we do encounter selling pressure, it's generally light and there's not much follow through, as the market goes through a series of rallies and pauses with heavy sector rotation taking place. That makes for an interesting dynamic as we sort for top stock trades to watch as the market tiptoes higher into earnings season. Top Stock Trades for Tomorrow 1: Bank of AmericaWe've heard from JPMorgan (NYSE:JPM), Goldman Sachs (NYSE:GS) and others as the banks continue to release their quarterly results. On Tuesday, it was Bank of America's (NYSE:BAC) turn.InvestorPlace - Stock Market News, Stock Advice & Trading TipsAfter beating on earnings but missing on revenue expectations, the bank initially went lower on Tuesday. However, bulls pushed the name back up, with shares slightly positive on Tuesday. * 7 Stocks That Can Outperform for Years The move kept BAC stock over range resistance near $29.50 and sets up an important test with $30. Over that and BAC can really get some legs. BofA could be better, but so far holding over resistance and the 20-day moving average is definitely encouraging for bulls.Below these two levels though and bulls may want to let BAC reset. Top Stock Trades for Tomorrow 2: Morgan StanleyMorgan Stanley (NYSE:MS) will soon be in the spotlight, as the stock reports earnings Wednesday morning. Up about 2% on Tuesday going into the report and one does become worried with a sell-the-news event.However, MS stock has been one of the stronger banks as of late and if that momentum continues, it could carry the stock through $47 resistance.If it gets through resistance, look for a potential run toward $50. If resistance holds, a decline down into the $45 level and 200-day moving average is likely. Top Stock Trades for Tomorrow 3: The Trade DeskThe Trade Desk (NASDAQ:TTD) has been rather resilient over the past few trading sessions, and shares are now breaking out of the wedge pattern we pointed out earlier in the week.What a great setup TTD has become. Bulls can use $210 and $215 as their upside targets. Below the 20-day would warrant some attention.TTD was one of our favorite mid-cap growth stocks (along with six others) last month, and still is. Top Stock Trades for Tomorrow 4: TwilioShares of Twilio (NYSE:TWLO) are trading great on Tuesday, breaking out of a very nice wedge on Tuesday. The action isn't unlike what we see in TTD. Over the 20-day, 50-day and now short-term downtrend resistance, TWLO has the potential to run.$133 to $135 would be my first target.There's a reason we were hoping for a big pullback in TWLO stock. Top Stock Trades for Tomorrow 5: Realty IncomeBoy, the REITs are paying the price today, with the whole group under pressure. Of course, long-term bulls won't fret the decline given how much the group is up. Still, names like Realty Income (NYSE:O) have been taking it on the chin.The stock is quickly below the 20-day and 50-day moving average and I don't know if the selling is over, with shares $4.50 off the recent highs. Channel support near $68 could give O a bounce, but if it finds the 50-day or the now-declining 20-day moving average to be resistance, this one could have more selling in its future. * 5 Stocks to Profit From (Legal) Insider Buying Signals It hit channel resistance and promptly pulled back, while the 20-day and 50-day have failed as support in the past. See how it handles channel support and $68. Below causes some concern. Is it time to take profits?Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long O. Compare Brokers The post 5 Top Stock Trades for Wednesday: BAC, MS, O appeared first on InvestorPlace.
- Market Realist•4 days ago
Goldman Sachs’s Q1 Earnings: What You Need to Know
Goldman Sachs’s Q1 Earnings: What You Need to KnowGoldman Sachs’ Q1 earnings Goldman Sachs (GS) reported its first-quarter results yesterday. The stock tanked 3.8% on earnings day. The bank reported revenues of $8.8 billion, missing estimates by
Yahoo Finance•4 days agoFormer top Twitter exec reveals 3 crucial tips for tech unicorns Uber, Slack and Pinterest
SoFi CEO and former Twitter COO Anthony Noto offers several invaluable tips to executives getting ready to take Uber, Slack and Pinterest public.
- CNBC Videos•3 days ago
Goldman Sachs CEO: Economy is 'chugging along' in Q2
The "Squawk Box" news team discusses Goldman Sachs CEO David Solomon's comments in an exclusive interview with CNBC on the state of the U.S. economy.
- CNBC•3 days ago
Goldman Sachs CEO: I felt good about our performance in Q1
David Solomon, CEO of Goldman Sachs, says the company "performed well" in the first quarter of 2019 despite challenges. He also says the current leadership team plans to be "far more transparent" than the bank has been historically.
- CNBC Videos•3 days ago
Watch CNBC's exclusive interview with Goldman Sachs CEO David Solomon
CNBC's Tanvir Gill sits down with Goldman Sachs CEO David Solomon to discuss company's earnings, future plans and the U.S. economy.
