Goldman Sachs Group Inc (GS)

GS (NYSE:Financial Services) EQUITY
$148.25
pos +0.00
+0.00%
Today's Range: 148.07 - 150.70 | GS Avg Daily Volume: 3,344,700
Last Update: 07/01/16 - 4:00 PM EDT
Volume: 0
YTD Performance: -17.74%
Open: $0.00
Previous Close: $148.58
52 Week Range: $138.20 - $214.61
Oustanding Shares: 415,394,033
Market Cap: 61,719,245,423
6-Month Chart
TheStreet Ratings Grade for GS
Buy Hold Sell
A+ A A- B+ B B- C+ C C- D+ D D- E+ E E- F
TheStreet Ratings is the source for accurate ratings that you can rely upon to make sound, informed financial decisions. Click here to find out about our methodology.
Analysts Ratings
Historical Rec Current 1 Mo. Ago 2 Mo. Ago 3 Mo. Ago
Strong Buy 6 6 6 5
Moderate Buy 1 1 1 1
Hold 5 5 5 7
Moderate Sell 0 0 0 0
Strong Sell 1 1 1 1
Mean Rec. 2.15 2.15 2.15 2.36
Latest Dividend: 0.65
Latest Dividend Yield: 1.75%
Dividend Ex-Date: 05/27/16
Price Earnings Ratio: 16.73
Price Earnings Comparisons:
GS Sector Avg. S&P 500
16.73 16.70 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-7.24% -29.38% -2.31%
GROWTH 12 Mo 3 Yr CAGR
Revenue -2.20 -0.10 -0.02
Net Income -28.20 -0.20 -0.07
EPS -28.90 -0.20 -0.05
Earnings for GS:
EBITDA 14.17B
Revenue 39.21B
Average Earnings Estimates
Qtr (06/16) Qtr (09/16) FY (12/16) FY (12/17)
Average Estimate $3.23 $4.07 $14.40 $17.92
Number of Analysts 8 7 7 7
High Estimate $4.05 $4.64 $15.93 $20.16
Low Estimate $3.00 $3.85 $13.40 $15.50
Prior Year $4.75 $2.90 $18.67 $14.40
Growth Rate (Year over Year) -32.11% 40.20% -22.89% 24.46%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands
Strong capital ratios, solid loan portfolios and attractive valuations argue for higher prices for financials.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar strengthened. The price of crude oil fell by $1.50 to $48.40. Gold was essentially unchanged. Agricultural commodities: wheat flat, corn -9, soybean +42(!!) and oats unchanged. Lumber +4. Bonds rose slightly in price. The "action" in iShares 20+ Year Treasury Bond ETF (TLT) seems toppy to me, but I am short less on price action and more based on fundamental analysis and historical relationships (see above). The yield on the 10-year U.S. note was unchanged at 1.48%. The long bond yield was up one basis point to yield 2.29%. The 2s/10s spread was up by two basis points to 90 basis points. Municipals were well-bid. Closed-end municipal bond funds were mixed. The high-yield bond market was strong, while Blackstone/GSO Strategic Credit Fund (BGB) was up 11 cents. Banks were a bit of a disappointment, failing to materially follow through after the stress tests were announced. Insurance stocks were disappointing. Small gains for Lincoln National (LNC) and MetLife (MET). Brokerages thrived. Morgan Stanley (MS) rose 75 cents and Goldman Sachs (GS) was up $3. Premature sellage by me. Retail stocks were mixed to lower. Foot Locker (FL) and Nike (NKE) were lower after large gains on Wednesday. Nordstrom (JWN), a short, was up 18 cents. Old tech was stronger, led by IBM (IBM), up $3. Autos were weak, down most of the day. Not a good sign to be in the red on such a strong day in the markets. Agricultural equipment was mixed. Media had a mixed message, though Disney (DIS) and Comcast (CMCSA) were higher (I covered on Monday). Energy stocks shined despite a large drop in crude prices. Exxon Mobil (XOM) and SLB were up nicely. Programs? Regardless, another weird feature of today's market. Biotech was disappointing. iShares Nasdaq Biotechnology ETF (IBB) was flat, with several large and speculative stocks clearly rolling over. New lows for Valeant (VRX). Staples were the world's fair after the Mondelez (MDLZ) MDbid for Hershey. Consumer Staples Select Sector SPDR ETF (XLP), covered on Monday, surged by $1.22. Campbell Soup (CPB) and Pepsico (PEP) were up big. (T)FANG was mixed. Tesla (TSLA) was strong in the regular session, but sold off in the after hours after some safety concerns. In individual stocks, Hartford Financial Services Group (HIG) was up $1.22 (I have been steadily accumulating). My long fav DuPont (DD) was up 90 cents after getting schmeissed in the last few days. There was a vague (and to me, silly) rumor of a Potash (POT) takeover; it makes no sense because Canadian government sees the company as important to the country as an independent entity. Coca-Cola (KO), a short, got caught up in the strength of the defensive sector. Here are some valuable contributions on the site today: Nice video on banks by Jim "El Capitan" Cramer.  "Big" James Gentile is looking forward to fireworks, but not the ones over the holiday weekend!  Brian Sozzi on food companies hurrying up to merge.  Tony Owusu on Facebook's (FB) friendliness.  Rev Shark on meddling central bankers.

Why I'm Not Banking on Banks Real Money Pro($)

Let's start the day by talking about why I'd suggest using bank stocks' current strength to sell or reduce your exposure to the sector.

Expect the Unexpected Real Money Pro($)

"Mankind is facing a crossroad -- one road leads to despair and utter hopelessness and the other to total extinction. I sincerely hope you graduates choose the right road."

My Takeaways and Observations Real Money Pro($)

The U.S. dollar weakened. Crude oil rose by $1.67 to $48 a barrel. Gold dropped by $10 to $1,314. Agricultural commodities: wheat -2, corn unchanged, soybean +15, oats +2.50. Lumber +10.00. Bonds were flattish. iShares 20+ Year Treasury Bond ETF (TLT) was up 29 cents, likely buoyed by terrorism in Turkey (see above). The 10-year yield was unchanged at 1.46% and the long bond also flat on yield at 2.27%. Non-taxables were flat and closed-end muni bond funds were pennies higher. The high-yield bond market was higher, reversing yesterday's large losses. iShares iBoxx High Yield Corporate Bond ETF (HYG) was up $1.03 and SPDR Barclays High Yield Bond ETF (JNK) was up 44 cents. Blackstone/GSO Strategic Credit Fund (BGB), down 20 cents yesterday, recaptured 16 cents today. Banks were the "world's fair" and were market leaders with gains of 3% to 4%. I purchased positions (long rentals) on Monday in Citigroup (C), Bank of America (BAC) and JPMorgan Chase (JPM). Insurance stocks were upside features after they were decimated by nearly 20% in the last two days. My long Hartford Financial Services Group (HIG) rose by over a beaner. Lincoln National (LNC) and MetLife (MET) also were up $1, which, considering the magnitude of the previous decline, was quite disappointing. I covered much of my life shorts on Monday. Brokerages flourished. I purchased Goldman Sachs (GS) and Morgan Stanley (MS) on Monday, and today they were up $3 and $1, respectively. Retail was mixed. Home Depot (HD) and Lowe's (LOW) led, but NKE and FL were down after the NKE miss. My short Nordstrom (JWN) was up $1. Auto stocks underperformed. I had covered a lot yesterday. Energy was responsive to higher crude oil prices. Schlumberger (SLB) was up $1.60 and Exxon Mobil (XOM) rose $2.20. Both shorts were covered yesterday. Old tech was strong, led by IBM (IBM) and Microsoft (MSFT). Biotech went from goat to hero. iShares Nasdaq Biotechnology ETF (IBB) climbed $9, led by Allergan (AGN), which was up $10. A dead-cat bounce for Valeant (VRX), which was up $1.40. Speculative biotech also moved higher. Agricultural equipment was stronger, led by dollar gains at Caterpillar (CAT) and Deere (DE). Media was up. I covered Comcast (CMCSA) yesterday. Disney (DIS) rose $1.65. (T)FANG attracted buyers, with Amazon (AMZN) and Alphabet (GOOGL) strong. Netflix (NFLX) rose 4%. In individual stocks, my long fav DuPont (DD) was under pressure and fell $1.33, Oaktree Capital Group (OAK) gained fractionally and Twitter (TWTR) was up a half a buck or so. In sectors, Consumer Staples Select Sector SPDR ETF (XLP) and Materials Select Sector SPDR ETF (XLB) were underperformers. I covered them recently. Here are some valuable contributions on our site today: Jim "El Capitan" Cramer on more than FANG.  Ben "Godlfinger" Cross on, what else? Gold!   RevShark on Da Bulls and Da Bears. Rev is uncertain about today's implications, and I respect his honesty!  Shad Gad "And the Pharoahs" is patient in an impatient market.  Tom Graff on bonds.
But above all, know your time frame.
And that's a very bad development for the longer term.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar was stronger, a negative of Brexit. The price of crude oil fell by less than a dollar to $46.74, off of the day's lows (see comments on TBT). Gold rose by $7.50, off the day's highs. Agricultural commodities: wheat -8, corn +1, soybean +28 (!!) and oats -5. Lumber was unchanged. iShares 20+ Year Treasury Bond ETF (TLT) rose by $3.50 as yields plummeted and prices rose. (I shorted in the morning by purchasing TBT. The 10-year's yield fell 12 basis points and the long bond was down 14 basis points. The yield curve flattened to lows last seen in the recession. The 2s/10s spread fell to 86 basis points. The high-yield bond market got destroyed. iShares iBoxx High Yield Corporate Bond ETF (HYG) fell $1.23 and SPDR Barclays High Yield Bond ETF (JNK) was down 60 cents. Blackstone/GSO Strategic Credit Fund (BGB) fell by an outsize 25 cents and closed at $14. I would continue to avoid this space. Banks were schmeissed and I picked some rentals -- Morgan Stanley (MS), Goldman Sachs (GS), Bank of America (BAC), Citigroup (C) and JPMorgan Chase (JPM). Insurance was down another 8% to 10%, following Friday's decline of 12% to 15%. I covered more Lincoln National (LNC) and MetLife (MET); they are now small positions. It has been the world's fair on the short side. Energy got hit. I covered Exxon Mobil (XOM) and Schlumberger (SLB) today. Retail was broadly lower. I have no longs. My two shorts were lower -- Nordstrom (JWN) down $1.20 and Foot Locker (FL) down $1.50. Continued nice gains. Old tech fell, with IBM (IBM) down $3 and Intel (INTC), Cisco (CSCO) and Microsoft (MSFT) were down one side or the other of 2%. Biotech was a biowreck. iShares Nasdaq Biotechnology ETF (IBB) was down another $8 to $241;  I cautioned on the sector at $285 a few weeks ago when some were talking "breakout." Ag equipment with a disproportionate position in England and the EU was lower. Autos, too, got hurt by Brexit's fumes. *(T) FANG was mixed, with Tesla (TSLA) up $4.50 and weakness in the rest of the abbreviation. In individual stocks, DuPont (DD), my fav long, was down $2.40 as it consolidates a multi-month advance. Potash (POT) was down $1, Twitter (TWTR) off 70 cents, Hartford Financial Services Group (HIG) down $1.40 and Oaktree Capital Group (OAK) off $1.20. I plan to add to TWTR, HIG and OAK tomorrow. Apple (AAPL) moves back down toward $92. In sectors, Consumer Staples Select Sector SPDR ETF (XLP) slipped a bit (I covered and took it off my Best Ideas List today) and Materials Select Sector SPDR ETF (XLB) got schmeissed (down $1.55) as cyclicals were quite weak. Here are some value-added columns on our site today: El Capitan is tempted.  General Motors (GM) is moving toward support, according to Gary Morrow's chart view. I covered much of my short today. Tim Melvin is keeping his head.  Rev will be reactionary and sees no reason to rush into the markets. Brian Sozzi on what Nike (NKE) has to show; I remain short sneakers via FL.

Today's Trades Real Money Pro($)

Bank of America (BAC) at $12.28 Citigroup (C) at $38.77 Goldman Sachs (GS) at $138.50 JPMorgan Chase (JPM) at $57.60 Morgan Stanley (MS) at $23.35 I've also taken a long rental in the SPDR S&P 500 ETF (SPY) at $199.45. Add it all up and I'm now very slightly net long, but don't currently view these positions as long-term leases. Instead, I'll be quick on the trigger to close out these longs if conditions warrant doing so.
The U.K.'s decision to leave the European Union is weighing heavily on global markets.

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