rtmark
LearnBonds.com

Goldman Sachs Group Inc. (NYSE:GS) Pops After Q3 Earnings Announced on Thursday

Goldman Sachs

Goldman Sachs Group Inc. , right before the market opened on Thursday 15, October, showed off its earnings numbers for the three months through September. Earnings for the quarter came in at $2.90 per share. The firm showed sales totaling $6.86B for the three months.

goldman sachs

In the run up to the release of today’s results, analysts following the firm were looking for earnings per share of $2.91 from Goldman Sachs Group Inc. for the quarter. Sales for the period were forecast to come in at $7.12B by consensus.

Goldman Sachs Group Inc. results by comparison

The same three months of 2014 saw Goldman Sachs Group Inc. earn $4.57 on sales that came to $8.39B. In the last twelve months, shares in the firm have gained 1.66 percent of their value. In the three months leading into the release of these results the firm lost 14.6 percent.

The Goldman Sachs Group, Inc. , is a bank holding company and a financial holding company. The Company is a global investment banking, securities and investment management company that provides a range of financial services to a diversified client base that include corporations, financial institutions, Governments and individuals. The Company has four business segments.

Analysts look at The Goldman Sachs Group, Inc.

Goldman Sachs Group, Inc. , is expected to make a profit of $16.12 earnings per share for the twelve months of its current fiscal year. Full sales for the year are forecast to come in at $35.05B

In the last full fiscal year Goldman Sachs Group, Inc. made 16.99 earnings per share. Sales came in at $34.55B.

Of the 27 analysts covering the firm for Wall Street, 6 analysts said that clients should Buy shares in the firm, 5 analysts rated the shares at Overweight, while 14 analysts said that holding the shares was the best option going forward.

2 analysts said that clients should keep the shares Underweight in their portfolios, while none said that their best idea was to Sell the shares ahead of the release of this earnings report.

All trading carries risk. Views expressed are those of the writers only. Past performance is no guarantee of future results. The opinions expressed in this Site do not constitute investment advice and independent financial advice should be sought where appropriate. This website is free for you to use but we may receive commission from the companies we feature on this site.
Avatar

Victor Alagbe is a seasoned business and finance writer with a specialty in writing about how to invest for the long-term in healthcare, pharmacology, energy and tech stocks. His long-term focus is on stocks that provide a nice mix of growth and income. For the short term, he passionately writes about trading stock options for the excitement and leverage that stock options offer.

X

Leading Social Trading Platform with 0% Commission

Leading Social Trading Platform with 0% Commission

Leading Social Trading Platform with 0% Commission

TRADE WITH ETORO

75% of investors lose money when trading CFDs.

Leading Social Trading Platform with 0% Commission
TRADE WITH ETORO

75% of investors lose money when trading CFDs.

HTML Snippets Powered By : XYZScripts.com