ForexEzy
No Result
View All Result
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Review Platforms
  • Forex Education
    • Getting Started
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Review Platforms
  • Forex Education
    • Getting Started
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts
No Result
View All Result
ForexEzy
No Result
View All Result
The World’s Leading Social Trading Platform
Try now
Home News

Goldman Sachs Stock Rebounds as Wall Street Gains Confidence

by Administrator Forexezy
July 21, 2023
in News
0
Stacks of coins with the word FOREX isolated on white background

Stacks of coins with the word FOREX isolated on white background

0
SHARES
11
VIEWS
Share on FacebookShare on Twitter

Goldman Sachs Group Inc. stock surged into positive territory on Thursday, marking its first return to profitability since February. Investors on Wall Street have embraced the belief that better days are in store for this renowned investment bank.

The banking sector has been facing challenges, including the prospect of higher interest rates, a slowing economy, and a lack of capital-raising and mergers and acquisitions activity. Consequently, Goldman Sachs stock has not seen gains in 2023 until now. In addition, the regional bank crisis in March and April further affected the sector.

However, on Thursday, the stock experienced a 2.9% increase, and it has risen by 2% over the course of the year. It’s worth noting that Goldman Sachs is a component of the Dow Jones Industrial Average, which has enjoyed a 6.5% gain in 2023.

Despite missing second-quarter earnings estimates, Goldman Sachs managed to surpass revenue projections and anticipate a potential increase in deal-making. JPM Securities analyst Devin Ryan, who maintains an outperform rating on Goldman Sachs, highlighted how the bank’s business benefited from stronger-than-expected revenue in global markets. This success is attributed to absorbing one-time items related to the exit of its consumer banking business and adopting a less capital-intensive approach in its asset and wealth management unit.

The Best Forex Robots Report Is Already Here!
best forex robots
Check out 30+ best expert advisors with daily updated live results and statistics
Click Here

Introduction

BMO Analyst James Fotheringham

BMO analyst James Fotheringham remains positive about Goldman Sachs’ stock and has raised his target price to $411 per share from $407. He maintains an outperform rating on the company. However, Fotheringham advises caution as he believes Goldman’s through-the-cycle business targets may be ambitious. Nonetheless, he sees potential in the stock due to low expectations and an improvement in capital markets momentum.

UBS Analyst Brennan Hawken

UBS analyst Brennan Hawken also reiterates a positive view on Goldman Sachs by maintaining a buy rating. He acknowledges that Goldman’s investment banking results reflect a challenging environment. Despite this, Hawken believes that the company’s strategic initiatives will lead to a more stable earnings profile and a valuation in line with its long-term average.

Conclusion

Analysts are cautiously optimistic about Goldman Sachs’ future prospects. While challenges remain, they see potential for growth and improvement in the company’s earnings performance. With strategic initiatives underway, analysts believe that Goldman Sachs is poised for a more stable and profitable future.

Also read: Goldman Sachs CEO David Solomon to bring ally Tom Montag on board

The Best Forex Robots Report Is Already Here!
best forex robots
Check out 30+ best expert advisors with daily updated live results and statistics
Click Here
Tags: earningsGoldman Sachsinvestment bankingStocksWall Street
ShareTweet
Previous Post

Jobless Claims Fall to Two-Month Low, U.S. Jobs Market Remains Strong

Next Post

Challenges for Consumer Companies After Netflix’s Weak Earnings

Related Posts

Liang Wenfeng: From the AI Trading of TechBerry to DeepSeek’s Game Changing R1 AI model

by Administrator Forexezy
February 11, 2025
0

It was just a couple of weeks ago that the well-known Chinese startup DeepSeek released its AI model to the...

Amid Challenges, Reforms, 15 Insurance Companies Declared N142.2bn PBT in 2024

by Administrator Forexezy
February 9, 2025
0

Despite challenges and the ongoing reforms, 15 insurance companies listed on the Nigerian Exchange Limited (NGX), declared N142.2 billion profit...

These 3 Cryptos Could Explode in 2025, But Which One Will Gain 30x? Tron (TRX), Solana (SOL), or Rexas Finance (RXS)? – Blockonomi

by Administrator Forexezy
February 8, 2025
0

The cryptocurrency world constantly shifts and changes as new projects are started and existing ones are maintained through innovation. As...

US dollar exchange rate continues to decline in Iraq

by Administrator Forexezy
February 4, 2025
0

Baghdad (IraqiNews.com) - The exchange rate for the US dollar compared to the Iraqi dinar declined on Tuesday in the...

Westgold Resources: FY25 Guidance Update

by Administrator Forexezy
February 2, 2025
0

PERTH, Western Australia, February 3, 2025 /CNW/ - Westgold Resources Limited (ASX: WGX) (TSX: WGX) (Westgold or the Company) provides...

Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Best Forex Automated Systems

  • TechBerry 9/10
  • Happy Galaxy 8.5/10
  • Forex Cyborg 8.5/10
  • Forex Fury 8/10
  • FXgoodway 7.5/10
  • Best Forex Brokers
  • Best Forex Robots
  • Best Forex Signals
  • Best Forex Managed Accounts

Top Trading Markets

We are dedicated to demystify the world of forex trading for you – no matter what level you are on.

Categories
  • Automated Trading
  • Crypto Robot Review
  • Cryptocurrency Trading
  • Day Trading
  • Forex Basics
  • Forex Brokers
  • Forex Education
  • Forex Forecasts
  • Forex Indicators
  • Forex Market Commentary
  • Forex Robots
  • Forex Signals
  • Forex Signals
  • Forex Tools
  • Forex Trading Strategies
  • Forex VPS
  • Fundamental Analysis
  • Managed Accounts
  • Money Management
  • News
  • Review
  • Review Platforms
  • Risk Management
  • Social Trading
  • Technical Analysis
  • Top World Traders
  • Trading Apps
  • Trading Psychology
  • Uncategorized
Tags
Acquisition AI Amazon Apple Artificial Intelligence Bitcoin bond yields CEO China earnings earnings report economy Electric Vehicles Federal Reserve financial performance Financial Results forex ea forex software reviews Growth Guidance Housing Market inflation interest rates Investing investment Investors Market Volatility merger mortgage rates net profit Nvidia Oil prices Q2 Results revenue Revenue Growth Sales sales growth Stock Futures stock market stock performance Stocks strategies technology Tesla Video
  • Terms of Use
  • Privacy Policy
  • Compensation Disclosure
  • Risk Disclosure
  • About Us
  • Contact Us

Copyright © 2023 by ForexEzy.com

No Result
View All Result
  • Top Forex Advisors
    • Best Forex Robots
    • Best Forex Signals
    • Best Managed Accounts
  • Top Forex Brokers
    • Best Forex Brokers
    • US Forex Brokers
    • UK Forex Brokers
    • MT4 Forex Brokers
    • MT5 Forex Brokers
    • Zero Spread Brokers
    • Best PayPal Brokers
    • TradingView Brokers
    • Social Trading Platforms
  • Top Review Platforms
  • Forex Education
    • Getting Started
    • Forex Basics
    • Forex Trading Strategies
    • Money Management
    • Risk Management
    • Technical Analysis
    • Fundamental Analysis
    • Trading Psychology
    • Social Trading
    • Automated Trading
  • Forex Tools
    • Forex Robots
    • Forex Indicators
    • Forex Signals
    • Forex VPS
  • Forex Forecast
  • Crypto
    • Best Crypto Exchanges
    • Best Crypto Bots
    • Crypto Guides & Forecasts

© 2023, Forexezy. {copy} {year}