Goldman Sachs Group Inc (GS)

GS (NYSE:Financial Services) EQUITY
pos +1.40
Today's Range: 159.82 - 163.45 | GS Avg Daily Volume: 2,812,200
Last Update: 09/27/16 - 3:59 PM EDT
Volume: 2,602,386
YTD Performance: -10.40%
Open: $160.61
Previous Close: $161.48
52 Week Range: $138.20 - $199.90
Oustanding Shares: 405,461,645
Market Cap: 66,953,881,439
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 5 5 6 6
Moderate Buy 1 1 1 1
Hold 7 7 7 5
Moderate Sell 0 0 0 0
Strong Sell 1 1 1 1
Mean Rec. 2.36 2.36 2.27 2.15
Latest Dividend: 0.65
Latest Dividend Yield: 1.57%
Dividend Ex-Date: 08/30/16
Price Earnings Ratio: 15.58
Price Earnings Comparisons:
GS Sector Avg. S&P 500
15.58 15.60 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
13.83% -10.20% -0.50%
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:
Revenue 39.21B
Average Earnings Estimates
Qtr (09/16) Qtr (12/16) FY (12/16) FY (12/17)
Average Estimate $3.83 $4.28 $14.33 $17.68
Number of Analysts 8 7 7 7
High Estimate $4.51 $5.11 $15.20 $19.84
Low Estimate $3.19 $3.57 $13.15 $16.50
Prior Year $2.90 $4.68 $18.67 $14.33
Growth Rate (Year over Year) 32.03% -8.58% -23.24% 23.37%
Chart Benchmark
Average Frequency Timeframe
Indicator Chart Scale  
Symbol Comparison Bollinger Bands

The Good, the Bad and the Ugly Real Money Pro($)

Mr. Market. But it seems, these days, the market is again resuming to have no memory from day to day. Bonds' stronger price, lower in yield. The 10-year yield is down three basis points (bps) and the long bond by nearly 5 bps. Importantly the yield curve is really flattening; with the 2s/10s spread down to only 81 bps I remain short the iShares Barclays 20+ Yr Treas. Bond ETF (TLT) . Brokerages and banks rally after being sharply lower on Tuesday. I am short Goldman Sachs (GS) and Morgan Stanley (MS) -- but small Insurance reversing yesterday's "schmeissing." I added to my large Hartford Financial Services (HIG) long. Retail a good sector led by Home Depot (HD) and Target (TGT) . Technology +. Twitter keeps chirping. (T)FANG, save Tesla (TSLA) . Coca-Cola (KO) rallies after recent weakness. (Not good for me, 'cause I am short.) The Bad The price of crude oil is lower today, down by $1.22 to $44.71 a barrel. Gold weaker: down $14 lower to $1330. The Ugly Can't find problem children today.  Programming note: There will be no "Takeaways" as I am going to see the movie "Sully."
CEO Stumpf failed the pivotal event at the Senate.
The struggling German bank is looking for Goldman Sachs-like penalties for its pre-crisis dealings.
I am pressing my ProShares UltraShort S&P500 ETF (SDS) and Hartford Financial Services Group (HIG) longs. Also, I am pressing shorts in …
Ironically, the Brexit vote may contribute to saving Germany's biggest bank.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar strengthened. The price of crude oil fell by $1.28 to $45.01 a barrel. Gold fell by $4 to $1,321 an ounce. I will stick with my expectation that we break $1,300-$1,310 support -- a guess based on obvious technicals. So my view on the asset class is semi useless! As I mentioned in my fertilizer post, agricultural commodities got hit again. Wheat down 7, corn down 9 and soybeans down 19. Lumber was off $2.70. Bonds fell in price and yields rallied. The 2s/10s spread rose to 94 basis points. Municipals fell, and I continue to avoid closed-end muni bond funds. (Look at closed-end muni fund BlackRock Municipal Target Term Trust (BTT) today -- there is no liquidity on the way out in these ETFs!). Junk bonds hit again, but Blackstone/GSO Strategic Credit Fund (BGB) remains vulnerable. Avoid like syphilis. Banks foundered despite higher interest rates and a steepening yield curve, dispelling the notion at least for this week that financials thrive when rates rise. To me, it depends why rates are rising. Insurance stocks down, but only modestly. Hartford Financial Services (HIG) rallied off its lows, and I added this week. Brokerages taken to the woodshed. I remain short Goldman Sachs (GS) and Morgan Stanley (MS) (albeit small). Bond surrogates, like real estate investment trusts (such as the iShares Dow Jones US Real Estate ETF (IYR) on my Best Ideas List) got clocked. Retail was on discount with market leader Home Depot (HD) again a downside feature. Autos and energy stocks weaker. Ag equipment lower on poor August dealer stats at Deere (DE) . I should be adding to my Caterpillar (CAT) short. Staples fell. Coca-Cola (KO) remains my favorite conservative large-cap short. It's doing its job lately on the downside. (T)FANG hit. Netflix (NFLX) downgraded. Tesla (TSLA) , ever the controversial stock, lower. Alphabet (GOOG) and Amazon (AMZN) down double digits. In individual names, Twitter (TWTR) , Radian Group (RDN) and DuPont (DD) were subject to profit taking. Oaktree Capital (OAK) higher most of the day until the last hour. Trade of the Week CMC Metals (CMC) suffered. Apple (AAPL) prospered. I was extraordinarily active in my Diary today and we had numerous value-added propositions from our great contributors: Jim "El Capitan" Cramer is going crazy about something. Mark "Nashville Cats" Sebastian on junk bonds.  Tim "Not Judy or Phil" Collins on how to trade the S&P 500 Index. Tom Graff on the Fed's fault -- or is it? Divine Ms. M has some gripes about the rally.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar weakened for the second day in a row. The price of crude oil dropped again, by $1.31 to $43.39. Gold up $4 after days of weakness. Unimpressed. Right above $1,300 to $1,315 support, which I feel could be breached to the downside by the machines. Bobby Lang has a different view in Comments Section -- he is bullish. Agricultural commodities rallying: wheat +4, soybean flat, corn +6, oats +5. Lumber -4. Bonds had more moves than a shortstop batting .110 today. Initially down big in price, up in yield -- reversed all the way to be slightly higher on the day. Now flat. Yields unchanged. Ten year at 1.57% after being 1.62% earlier. The 2s/10s spread also no change. Municipals are lower but oddly closed-end muni funds are better bid. High yield is junky for the second day in a row, but Blackstone/GSO Strategic Credit Fund (BGB) is up two cents. I would be a seller of high yield and BGB. Banks are fading today on profit taking on weak economic data that suggest a September rate increase is lower in probability. I initiated a Financial Select Sector SPDR ETF (XLF) short and added to my Goldman Sachs (GS) and Morgan Stanley (MS) shorts (see my comments on passive versus active funds activity from yesterday that could lead to disappointing capital markets volume ahead). Insurance is weaker. Bidding for more Hartford Financial Services Group (HIG) . Auto stocks, up early, are trading lower. Bad action. Peak autos. Staying short General Motors (GM) and Ford (F) . Energy stocks fell with crude's slide. As mentioned earlier, I am seeing some price breakdowns. Media is slightly lower -- Disney (DIS) continues to appear to be rolling over. Staples are stable, though my Coca-Cola (KO) short is lower. (T)FANG inconsequential moves, save a $10 decline in Tesla (TSLA) (on my Best Ideas List, short) Here are some great value-added contributions on our site today: Jim "El Capitan" Cramer on 15 years later (can it be that long already?). R.I. P. Brown Bear  Robert "Not Rita" Moreno on selling junk bonds (for what it is worth, I agree).  Tesla talk from Ed Ponsi "Scheme." For what it is worth, part deux, I agree and TSLA is on my Best Ideas List as a short.  Tin "Not Judy or Phil " Collins sees two attractive ETFs.  Rev Shark on rough market waters. 
My forecast that the U.S. economy is slowing. My expectation that there will be no Federal Reserve rate hikes over 2016's balance. The banking-and-brokerage sector's unfavorable risk vs. reward following its large recent run-up.
While the stocks have bounced off their June lows, there appears to be far more upside from here.

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