The third quarter is shaping into a pivotal period for the stock market. Economic indicators suggest a potential upswing, with inflation slowly coming down to the Fed's 2% target range.
U.S. banks, including Goldman (GS), JPMorgan (JPM) and Bank of America (BAC), Citigroup (C), Fifth Third Bancorp (FITB), among others, are lifting their payouts in the wake of stress test.
The breakeven point for the bull put spread in GS stock is 429.10.
The financial services sector in 2024 is poised for growth, driven by robust economic fundamentals and technological advancements. As one of the largest contributors to the U.S. economy, this sector generates significant revenue and employment.
Goldman (GS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Goldman Sachs (GS) closed the most recent trading day at $457.38, moving -1.02% from the previous trading session.
Now at the year's midpoint, some investors may be inclined to address the month-end's volatility in the tech scene. They may see it as an opportunity to take some profits off the table of their biggest first-half winner.
If a market rotation to financials takes hold, this butterfly strategy can pay off big with little at risk.
Expiration Week Countdown subscribers tripled their money in less than three days with our Goldman Sachs Group Inc (NYSE:GS) June 442.50 call recommendation, which they received on Sunday, June 17.
The U.S. has the largest financial services sector in the world, generating more than $500 billion in annual revenues and employing nearly eight million people. Three of the five largest banks in the world are American, and the U.S. overwhelmingly dominates when it comes to investment banking activities.
Goldman's (GS) focus on its core business, strategic restructuring and improving revenue mix, and a strong balance sheet are likely to aid its financials. These make the stock an attractive pick for investors.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?