Goldman Sachs Group Inc (GS) Releases Earnings Results, Beats Expectations By $0.18 EPS

Goldman Sachs Group Inc (GS) reported quarterly earnings results on Tuesday, Apr-19-2016. The company said it had a profit of $2.68 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.18. Analysts had a consensus of $2.50. The company posted revenue of $6340.00 million in the period, compared to analysts expectations of $6523.46 million. The company’s revenue was down -40.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $5.94 EPS.

Many Wall Street Analysts have commented on Goldman Sachs Group Inc. Company shares were Upgraded by JP Morgan on Feb 16, 2016 to ” Overweight”, Firm has raised the Price Target to $ 180 from a previous price target of $170 .Shares were Reiterated by RBC Capital Mkts on Jan 25, 2016 to “Sector Perform” and Lowered the Price Target to $ 180 from a previous price target of $190 .Goldman Sachs Group Inc was Upgraded by Nomura to ” Buy” on Jan 25, 2016.

Goldman Sachs Group Inc opened for trading at $157.61 and hit $160 on the upside on Monday, eventually ending the session at $159.02, with a gain of 0.32% or 0.5 points. The heightened volatility saw the trading volume jump to 30,31,476 shares. Company has a market cap of $67,162 M.

In a different news, on Nov 25, 2015, Gary D Cohn (President and COO) sold 39,290 shares at $189.15 per share price. According to the SEC, on Nov 25, 2015, Gregory K Palm (Executive VP – General Counsel) sold 31,103 shares at $189.15 per share price. On Nov 25, 2015, Lloyd C Blankfein (Chairman of the Board and CEO) sold 5,250 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 segment’s 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 Company’s 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.

Goldman Sachs Group Inc

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