The Goldman Sachs Group, Inc. (GS)

NYSE: GS · IEX Real-Time Price · USD
384.37
-2.84 (-0.73%)
At close: Mar 18, 2024, 4:00 PM
384.97
+0.60 (0.16%)
Pre-market: Mar 19, 2024, 6:00 AM EDT
-0.73%
Market Cap 124.74B
Revenue (ttm) 46.25B
Net Income (ttm) 7.91B
Shares Out 325.56M
EPS (ttm) 22.87
PE Ratio 16.81
Forward PE 10.93
Dividend $11.00 (2.86%)
Ex-Dividend Date Feb 28, 2024
Volume 1,246,632
Open 388.65
Previous Close 387.21
Day's Range 383.41 - 389.03
52-Week Range 289.36 - 397.49
Beta 1.42
Analysts Buy
Price Target 412.73 (+7.38%)
Earnings Date Apr 15, 2024

About GS

The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisiti... [Read more]

Industry Capital Markets
Sector Financials
IPO Date May 3, 1999
Employees 45,300
Stock Exchange NYSE
Ticker Symbol GS
Full Company Profile

Financial Performance

In 2023, GS's revenue was $46.25 billion, a decrease of -2.35% compared to the previous year's $47.37 billion. Earnings were $7.91 billion, a decrease of -26.54%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for GS stock is "Buy." The 12-month stock price forecast is $412.73, which is an increase of 7.38% from the latest price.

Price Target
$412.73
(7.38% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Goldman Sachs banker Stephanie Cohen becomes latest female executive to leave firm

Cohen will become Cloudflare's first chief strategy officer, the cloud connectivity company said.

18 hours ago - New York Post

Goldman Sachs says it's cautious on India's non-banking financial sector

Rahul Jain, co-head of Asia financial research at the investment bank, discusses three factors behind that sentiment.

3 days ago - CNBC International TV

Goldman Sachs draws outperform rating from Daiwa on expected recovery in investment banking

Goldman Sachs Group Inc. was upgraded to outperform from neutral on Thursday at Daiwa Capital Markets on bullish expectations for the bank's Wall Street deal-making.

4 days ago - Market Watch

Goldman CEO says banks falling short on keeping women in senior-level roles: report

About two-thirds of the women who were partners at Goldman Sachs Group Inc. at the end of 2018 have since left the firm or no longer have the title.

Other symbols: CJPMMS
4 days ago - Market Watch

Goldman Sachs Aims for $300 Billion Private Credit Portfolio

Goldman Sachs Asset Management is reportedly planning a major expansion of its private credit portfolio. The Wall Street giant aims to grow that portfolio to $300 billion in five years, up from $130 b...

6 days ago - PYMNTS

Goldman and BNY Mellon Join Multi-Lender Blockchain Project

Goldman Sachs and BNY Mellon are reportedly delving deeper into the world of blockchain transactions. The two banks were among several firms that took part in a series of tests on a blockchain network...

Other symbols: BK
6 days ago - PYMNTS

This is still a time to let your winners run, says U.S. Bank's Eric Freedman

Eric Freedman, U.S. Bank Asset Management CIO, joins 'Squawk Box' to discuss the latest market trends ahead of the opening bell on Tuesday.

Other symbols: BACCJPMMSWFC
6 days ago - CNBC Television

Goldman Sachs to more than double its private credit portfolio to $300 billion

Goldman Sachs Group Inc (NYSE: GS) is in focus this morning after announcing plans of more than doubling its private credit portfolio to $300 billion in five years.

6 days ago - Invezz

Exclusive: Goldman Sachs seeks to expand private credit portfolio to $300 billion in five years

Goldman Sachs Asset Management, a unit of Goldman Sachs Group , aims to expand its private credit portfolio to $300 billion in five years from the current $130 billion, a senior executive said, laying...

7 days ago - Reuters

Goldman Sachs forecasts share buybacks will exceed $1T by 2025

Goldman Sachs has lifted its US share buyback forecast for companies in the S&P 500 (^GSPC), projecting the total value will exceed $1 trillion for the first time in 2025. The firm cites that the grow...

11 days ago - Yahoo Finance

U.S. bank profits drop 44% in Q4 as big firms cover failed bank costs

The U.S. banking sector saw its profits drop by nearly half in the last quarter of 2024, as large firms began paying hefty fees to help recoup costs incurred by several bank failures last spring, the ...

Other symbols: BACCJPMMSWFC
11 days ago - Reuters

US banks far more exposed than Europeans to property crunch, says Morgan Stanley

Major European banks have been cutting their lending to commercial property and have half the exposure of their U.S. peers, making U.S. lenders more vulnerable as office prices plunge further, Morgan ...

Other symbols: BACCJPMMSWFC
13 days ago - Reuters

Wall Street's biggest banks are beating investment-banking revenue estimates

A surge in equity capital markets and debt market activity is boosting investment banking revenue growth at the big five Wall Street banks past analyst estimates for the first quarter, analysts at Jef...

Other symbols: BACCJPMMS
18 days ago - Market Watch

Office prices still need to drop 50% for housing conversion projects to work, says Goldman

Carnage in the office sector isn't yet bad enough to spur more housing development, according to a new Goldman Sachs report.

20 days ago - Market Watch

Wells Fargo's Mike Mayo offers his top bank stock picks

Mike Mayo, Wells Fargo, joins 'Closing Bell' to discuss his top bank stock picks and sector outlook.

Other symbols: BACCJPMMSWFC
21 days ago - CNBC Television

Goldman Sachs and Abu Dhabi's Mubadala ink $1 billion partnership to invest in Asia Pacific

The $1 billion private credit partnership will co-invest in the Asia Pacific region, with a particular focus on India.

21 days ago - CNBC

Longtime Goldman Sachs partners threaten to quit after committee snub: report

Two longtime Goldman Sachs partners have reportedly threatened to quit after they were passed over for a position on a top committee established under CEO David Solomon.

25 days ago - New York Post

Goldman Exit Highlights Persistence of All-Male C-Suite

Beth Hammack's departure from Goldman Sachs Group Inc. jolted Wall Street because she was once seen as one of the most-likely candidates to break into the bank's all-male ranks of top executives -- an...

25 days ago - Bloomberg Markets and Finance

Inside the latest drama at Goldman Sachs that reportedly has some partners up in arms

Goldman Sachs recently established an investment-banking committee within its investment bank. But, according to a new Financial Times report, two top partners in the bank were left off.

25 days ago - Business Insider

Beth Hammack to Leave Goldman Sachs

Beth Hammack is calling it quits after 30 years at Goldman Sachs, according to people with knowledge of the matter. Hammack had been billed as one of the most likely candidates to break into Goldman's...

25 days ago - Bloomberg Markets and Finance

Trailing S&P500 By 18% Since The Start Of 2023, What To Expect From Goldman Sachs Stock?

Goldman Sachs' stock (NYSE: GS) has gained approximately 12% since the start of 2023 as compared to the 30% rise in the S&P500 index over the same period. Further, at its current price of $385 per sha...

25 days ago - Forbes

Goldman Sachs CEO David Solomon got 24% raise, made $31M in 2023 despite profit slump

Goldman raised Solomon's pay despite its 24% fall in profits last year as well as the bank's ill-fated foray into commercial lending.

4 weeks ago - New York Post

Goldman CEO David Solomon's pay rises to $31 million

CNBC's Leslie Picker joins ‘Money Movers' to report on Goldman Sach CEO David Solomon's pay bump.

4 weeks ago - CNBC Television

Goldman Sachs CEO Solomon gets 24% pay bump to $31 million

Goldman Sachs CEO David Solomon was awarded $31 million in compensation for 2023, up 24% from $25 million in 2022, the company said in a filing on Friday.

4 weeks ago - Reuters

US banks face $35 bln hit from 'Basel Endgame', says Oliver Wyman

U.S. banks could lose up to $35 billion in revenues in 2025 under current proposals for new capital rules that could "relevel the playing field" for European lenders, a study showed on Thursday.

Other symbols: BACCJPMMSWFC
4 weeks ago - Reuters