Goldman Sachs Group Inc (GS) announced its most recent quarterly financial results on Tuesday, Oct-18-2016. GS said it had a profit of $4.88 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $1.05. Analysts had a consensus of $3.83. The company posted revenue of $8168.00 million in the period, compared to analysts expectations of $7406.94 million. GS’s revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.90 EPS.
Many Wall Street Analysts have commented on Goldman Sachs Group Inc. Goldman Sachs Group Inc was Upgraded by Rafferty to ” Buy” on Oct 17, 2016.
Goldman Sachs Group Inc opened for trading at $171.6 and hit $172.95 on the upside on Friday, eventually ending the session at $170.52, with a gain of 1.85% or 3.1 points. The heightened volatility saw the trading volume jump to 52,82,325 shares. Company has a market cap of $69,139 M.
In a different news, on Sep 2, 2016, Sarah G Smith (Principal Accounting Officer) sold 2,664 shares at $170.00 per share price. According to the SEC, on Aug 30, 2016, Edith W Cooper (EVP, Global Head of HCM) sold 14,000 shares at $166.44 per share price. On Nov 25, 2015, Gary D Cohn (President and COO) sold 39,290 shares at $189.15 per share price, according to the Form-4 filing with the securities and exchange commission.
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. The Investment Banking segments services include strategic advisory assignments and debt and equity underwriting of public offerings and private placements. Its Institutional Client Services segment makes markets and facilitates client transactions in fixed income equity currency and commodity products. Its investing and lending activities include the Companys investing and relationship lending activities across various asset classes primarily debt securities and loans public and private equity securities and real estate. Its investment management segment provides investment and wealth advisory services.