Goldman beats profit estimates as quarterly trading surges

David Solomon co-chief operating officer at Goldman Sachs in New York in November 2017

Trading-heavy firms such as Goldman Sachs tend to prosper when markets are more volatile, and Goldman was able to take advantage of a spike in market turbulence last quarter to lock in more profitable trades.

Headlines about Goldman Sachs (NYSE:GS) have trended positive this week, according to Accern. BMO Capital Markets reduced their price objective on Goldman Sachs to $221.00 and set a "market perform" rating for the company in a research note on Thursday, January 18th.

The company, which is based in NY and was founded in April 2016, has raised about 15 million United States dollars in risky funding from investors including Citi Ventures, Bessemer Venture Partners, Sherpa Capital and Soros Capital. Greenleaf Trust has 3,940 shs. Maryland Cap stated it has 57,381 shs or 2.16% of all its holdings.

Among 31 analysts covering Goldman Sachs Group Inc. Vertical Group raised Goldman Sachs from a "hold" rating to a "buy" rating in a report on Friday, December 29th. (NYSE:GS). Aviance Management Llc holds 4,128 shs. Goldman Sachs's dividend payout ratio is presently 15.18%. (NYSE:GS). Toronto Dominion Comml Bank owns 153,344 shares. $1.19 million worth of The Goldman Sachs Group, Inc.

GS had 9 sales and 0 buys since October 18, 2017. On Friday, October 20 SCHWARTZ HARVEY M sold $6.13M worth of The Goldman Sachs Group, Inc. (NYSE:GS) to report earnings on April, 17. Moreover, Artisan Prtn Partnership has 0.11% invested in The Goldman Sachs Group, Inc. (NYSE:GS) or 4,400 shs.

Operating expenses up 21% Y/Y to $6.62B. Clarity Money will be a free to use service for Marcus account holders. EPS of $5.41 is 5.05 % up from 2017's $5.15 EPS. But profit is expected to grow just 2.4% to $2.2 billion.

Goldman Sachs Group Inc (GS.N) blew past Wall Street's expectations for quarterly profit on Tuesday, as volatility in global markets powered a surge in bond and stock trading.


The ETF's YTD performance is 0%, the 1 year is 0% and the 3 year is 0%. SALAME PABLO J sold $2.70 million worth of stock.

In total 12 analysts cover Goldman Sachs Group Inc (NYSE:GS). The brokerage now has a sell rating on the stock.

The ETF is -6.22% of its 52-Week High and 13.18% of its low, and is now having ATR of 0.24. (NYSE:GS) rating on Wednesday, January 17. The firm has "Buy" rating given on Friday, February 5 by UBS. On Thursday, January 18 the stock of The Goldman Sachs Group, Inc. (NYSE:GS)'s profitability or to compare the efficiency of different investments, hence, GS return on investment (ROI) is 1.50%. Moreover, Monroe Savings Bank Trust Mi has 0.11% invested in The Goldman Sachs Group, Inc. On Wednesday, September 9 the stock rating was upgraded by Bank of America to "Buy".

Goldman's arch rival Morgan Stanley is scheduled to report quarterly results tomorrow. The insider VINIAR DAVID A sold 7,393 shs worth $1.81 million.

Investing and lending revenue rose 43%, while revenue from investment banking, which includes underwriting fees, rose 5.3%. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.

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