The Goldman Sachs Group’s (GS) Stock Soars by $8.74 : What to Expect ?

The last two years were quite successful for the Goldman Sachs Group as it managed to remarkably raise its stock prices. Presently, the price is fixed at $380.5. The value jumped by 8.74-points since the previous close. At the end of 2020, the company could get out of the stagnation period and double its price values. The beta score of 1.48 reflects the high volatility of the stock. The company is profitable, and its EPS rate is at an astounding 40.26. In the first quarter of 2021, the bank exceeded the consensus expectations by a large margin. This was primarily due to a year-over-year increase in investment banking, sales, and trading revenues, followed by favorable growth in the asset management business. A similar trend is expected to continue in the second quarter of FY2021.

Goldman Sachs’ fiscal Q2 2021 sales are expected to be approximately $11.98 billion, slightly higher than the $11.79 billion consensus forecast. In 2020, GS’s top line increased by 22% to $44.6 billion, owing largely to an increase in sales and trading and investment banking income.

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