Financials

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: GS has course corrected its failed strategy to expand into consumer banking, with a renewed focus on its strong core franchise. We lower our target by $7 to $340 (below the $379 consensus) on a forward P/E of 9.9x our 2024 EPS estimate, in line with the three-year historical average of 9.7x. We lower our 2023 EPS view by $2.60 to $23.85 and 2024’s by $1.05 to $34.20, with a revenue forecast of $46.5B (prior $45.9B) in 2023 and $50.5B ($49.9B) in 2024. GS posted Q3 2023 EPS of $5.47, a $0.06 earnings miss to consensus. In Global Banking & Marketing (+6% Y/Y and 68% of total revenue), FICC trading was -6% and equity trading +8%. Investment Banking revenue was +1% Y/Y with debt underwriting +27% and […]

Goldman Sachs Gr (NYSE:GS) reported quarterly earnings of $5.47 per share which beat the analyst consensus estimate of $5.31 by 3.01 percent. This is a 33.7 percent decrease over earnings of $8.25 per share from the same period last year. The company reported quarterly sales of $11.82 billion which beat the analyst consensus estimate of $11.14 billion by 6.08 percent. This is a 1.32 percent decrease over sales of $11.97 billion the same period last year.

Goldman Sachs Q3 EPS $5.47 Vs. $8.25 a Year Ago, Tops the FactSet Consensus $5.42。

Goldman Sachs 3Q Compensation and Benefits Expenses $4.19B。