Goldman Sachs Group Inc (NYSE:GS) reported strong third-quarter results before the open this morning, with profits jumping 45% to earnings of $8.40 per share. Investment banking and stock trading revenue gave earnings a boost, while CEO David Solomon cited an “improving operating environment."GS initially soared to a record high of $540.51 after the event this morning, though it's pulled back since then -- last seen down 0.5% at $520.32. Year to date, the equity is up 35.3%, with its two larger pullbacks ov ...

The Goldman Sachs Group, Inc. (NYSE:GS) Q3 2024 Results Conference Call October 15, 2024 9:30 AM ET Company Participants David Solomon - Chairman and Chief Executive Officer Denis Coleman - Chief Financial Officer Conference Call Participants Glenn Schorr - Evercore Ebrahim Poonawala - Bank of America Christian Bolu - Autonomous Research Mike Mayo - Wells Fargo Securities Betsy Graseck - Morgan Stanley Brennan Hawken - UBS Steven Chubak - Wolfe Research Devin Ryan - Citizens JMP Dan Fannon - Jefferies Gerar ...

The Goldman Sachs Group, Inc.’s (GS) third-quarter 2024 adjusted earnings per share of $8.40 surpassed the Zacks Consensus Estimate of $6.85. This compares favorably with $5.47 reported in the year-ago quarter.Find the latest earnings estimates and surprises on the Zacks Earnings Calendar.As expected, the investment banking (IB) business witnessed a solid growth. Equity underwriting fees jumped 25% and debt underwriting fees grew 45.8%. Also, advisory fees rose 5.3%. Overall, total IB fees were up 20% from ...

J.P. Morgan analyst Kian Abouhossein expressed the view on Goldman Sachs Group Inc.‘s GS third quarter financial results.Today, the company reported revenue of $12.70 billion, beating the consensus of $11.87 billion, and EPS of $8.40, beating the consensus of $7.03.In the conference call, CEO David Solomon highlighted strong client demand and a rising deal backlog and expects alternative fundraising to exceed $60 billion in 2024.He noted the firm remained below 10-year averages for equity and M&A volumes an ...

There are numerous types of trading and investing strategies on Wall Street. Many utilize statistics and probability theory to gain insight and make decisions.Some are based on the concept of reversion to the mean. This is why The Goldman Sachs Group, Inc. GS is our Stock of the Day. There is a good chance that it reverses and heads lower.The shares traded higher on Tuesday because Goldman blew away earnings estimates. The company stated that it earned $8.40 per share, which was well ahead of the Street's e ...

Now that the new earnings season has kicked off, investors would benefit from watching—and breaking down—what the earnings for some of the country’s biggest banks have to say about the rest of the economy and the stock market. The best way to gauge this is through the financial sector, as banking stocks release their latest earnings.The Goldman Sachs Group TodayGSThe Goldman Sachs Group$521.09 -1.66 (-0.32%) 52-Week Range$289.36▼$540.51Dividend Yield2.30%P/E Ratio16.73Price Target$504.75Add to WatchlistToda ...

U.S. stocks traded lower midway through trading, with the Dow Jones index falling around 150 points on Tuesday.The Dow traded down 0.40% to 42,894.69 while the NASDAQ fell 0.93% to 18,331.05. The S&P 500 also fell, dropping, 0.44% to 5,833.93.Check This Out: How To Earn $500 A Month From Morgan Stanley Stock Ahead Of Q3 EarningsLeading and Lagging SectorsReal estate shares jumped by 1.5% on Tuesday.In trading on Tuesday, energy shares fell by 2%.Top HeadlineGoldman Sachs Group Inc. GS reported revenue of $1 ...

Goldman Sachs reported a 45% surge in quarterly profits on Tuesday, boosted by a rebound in dealmaking that beat analysts’ expectations.The Wall Street titan pointed to a 20% jump in investment banking fees year-on-year to $1.87 billion — driving third-quarter profits of $2.99 billion, or $8.40 per share, up from $2.06 billion, or $5.47 per share, a year earlier.Revenues rose 7% to $12.7 billion, the bank said.  4 Goldman Sachs CEO David Solomon said the uptick in investment banking activity indicated tha ...

Goldman Sachs (GS) came out with quarterly earnings of $8.40 per share, beating the Zacks Consensus Estimate of $6.85 per share. This compares to earnings of $5.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.63%. A quarter ago, it was expected that this investment bank would post earnings of $8.52 per share when it actually produced earnings of $8.62, delivering a surprise of 1.17%.Over the last four quarters, the compa ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...