Recently, Zacks.com users have been paying close attention to Goldman (GS). This makes it worthwhile to examine what the stock has in store.
Goldman Sachs (GS) stock price has been a top-performer in the past few decades. After bottoming at $35.31 at the height of the Global Financial Crisis (GFC), the stock has soared to almost $520, a 1,375% increase.
GS plans to lay off more than 1,300 employees under its annual performance review, yet expects to have a larger workforce in 2024 compared with the 2023 level.
Big yield and low valuations make British stocks attractive says Goldman Sachs
Hedge funds continued to take bets against bank and financial stocks in the week to Friday, Goldman Sachs wrote in a note seen by Reuters on Monday, amid reported job cuts and reduced dealmaking.
Goldman Sachs reportedly plans to lay off between 3% and 4% of its workforce — amounting to about 1,300 to 1,800 people — as part of its annual review process.
The Goldman Sachs CEO will slash more than 1,300 jobs as part of the bank's ongoing review to cull poor performers, the Wall Street Journal reported.
GS' SCB level is reduced to 6.2% from the 6.4% suggested initially following the June stress test.
Despite Goldman Sachs' downward revision to the oil price forecast, the space still looks good for investment. We recommend buying stocks like SM, FTI and TUWOY.
As investors worldwide are waiting for the new quarterly earnings report from the technology behemoth Nvidia (NASDAQ: NVDA), analysts from Goldman Sachs (NYSE: GS) believe the report could trigger a $300 billion swing in its market value – in either direction.
Goldman Sachs (GS) reachead $507.26 at the closing of the latest trading day, reflecting a -0.12% change compared to its last close.
There's a solid case to be made for Goldman Sachs despite a few past missteps by the investment banking giant.