Goldman Sachs Group Inc.'s stock GS, +0.14% rose fractionally in premarket trading Monday after the banking giant's second-quarter profit beat analyst estimates on an uptick in deal-making and asset management income. Goldman said its net income for the three months ended June 30 more than doubled to $2.89 billion, or $8.62 a share, from $1.07 billion, or $3.08 a share, in the year-ago quarter.
Goldman Sachs' profit more than doubled in the second quarter, bolstered by higher fees from debt underwriting and a strong performance in its fixed-income trading business.
Goldman Sachs has appointed Sudarshan Ramakrishnan and Devarajan Nambakam as co-heads of investment banking in India, the latest Wall Street bank to bolster its leadership amid a rise in dealmaking opportunities in the country.
Goldman Sachs aims to raise $2 billion in its first Asia Pacific-focused private equity fund, two people with knowledge of the bank's fundraising plan said, as it looks to deepen exposure to some of the world's fastest-growing economies.
Goldman Sachs reports second-quarter earnings before the market open on Monday. Analysts polled by LSEG expect earnings per share of $8.34 and revenue of $12.46 billion.
Federal Reserve Chair Jerome Powell will speak on Monday, with several other Fed officials also making remarks this week.
The Goldman Sachs Group, Inc. GS is scheduled to release its financial results for the second quarter, before the opening bell on Monday, July 15.
The Goldman Sachs Group, Inc. GS is slated to release second-quarter 2024 earnings on Jul 15, before the opening bell.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Goldman (GS), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.
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 is refocusing on investment banking and trading, yielding positive results with an impressive earnings beat in Q1 2024. The bank's strong deal flow and revenue growth in the investment banking sector, positions them well for future success and earnings growth. Despite potential risks like rising credit defaults, Goldman Sachs' focus on high-margin, asset-light revenue sources makes them a strong buy with room for share expansion.
The latest trading day saw Goldman Sachs (GS) settling at $472.83, representing a +1.72% change from its previous close.