Goldman Sachs Group Inc (GS)

GS (NYSE:Financial Services) EQUITY
$160.67
neg -0.49
-0.30%
Today's Range: 160.54 - 162.17 | GS Avg Daily Volume: 3,383,200
Last Update: 07/27/16 - 11:20 AM EDT
Volume: 691,010
YTD Performance: -10.58%
Open: $161.40
Previous Close: $161.16
52 Week Range: $138.20 - $208.13
Oustanding Shares: 415,394,033
Market Cap: 66,674,896,237
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 6
Moderate Buy 1 1 1 1
Hold 7 5 5 5
Moderate Sell 0 0 0 0
Strong Sell 1 1 1 1
Mean Rec. 2.27 2.15 2.15 2.15
Latest Dividend: 0.65
Latest Dividend Yield: 1.62%
Dividend Ex-Date: 08/30/16
Price Earnings Ratio: 18.08
Price Earnings Comparisons:
GS Sector Avg. S&P 500
18.08 15.10 12.90
Price Performance History (%Change):
3 Mo 1 Yr 3 Y
-2.82% -22.28% -2.48%
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 (09/16) Qtr (12/16) FY (12/16) FY (12/17)
Average Estimate $3.83 $4.28 $14.32 $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 $14.32
Growth Rate (Year over Year) 32.03% -8.58% -23.29% 23.46%
Chart Benchmark
Average Frequency Timeframe
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The season kicks off in earnest this evening with reports from IBM, Netflix and Yahoo.
The California startup could upset Broadcom’s ethernet game with chips that are twice as fast and fully user-programmable.
Banking stocks were in focus Friday, led by earnings releases from Citi and Wells Fargo before the opening bell.

Intermediate Trade: XLF Real Money Pro($)

This trade gives ample time to see interest rates rise.

My Takeaways and Observations Real Money Pro($)

The U.S. dollar weakened a tad. The price of crude oil rose by over $2 to $46.79. Gold fell by $22.70 to $1,333. The commodity broke out at $1,300, so support seems to be there. Agricultural commodities: wheat +6, corn +5, soybean +31 (!), oats flat. Lumber +3. Bonds schmeissed. iShares 20+ Year Treasury Bond ETF (TLT) down $2.20. The yield on the 10-year rose by eight basis points to 1.51%. The long bond yield rose nine basis points to 2.23%. The 2s/10s rose to 84 basis points. Municipals were hit small, but closed-end funds got smashed. Several muni bond funds were down by more than 2%. High yield was stronger, despite the decline in the taxable fixed-income market. Banks continued higher. So did brokerages and insurance, led by Goldman Sachs (GS) , up $5, and Lincoln National (LNC) , up $1.85.. Retail was mixed, led by Nike (NKE) to the upside and Home Depot (HD) and Walmart (WMT) to the downside Biotech disappointed. iShares Nasdaq Biotechnology ETF (IBB) was up only $1.50. After the close Teva Pharmaceuticals (TEVA) raised guidance. Autos continued strong down the track. I covered most of my auto shorts in the Brexit period and I am close to re-shorting on the recent strength. Peak autos, I say, again. Ag equipment, which was sold on the rumor of a big crop, was bought on that news today. Staples did little. Old tech was broadly higher, with IBM (IBM) leading to the upside. Media was weak, with Disney (DIS) barely up and Comcast (CMCSA) (recently covered) lower. (T)FANG was disappointing. Telsa (TSLA) and Amazon (AMZN) were lower. Trade of the Week, short Netflix (NFLX) , was up a beaner. In individual stocks, DD was the world's fair (now up $5 from my incremental buy last week) as was Radian Group (RDN) , up another 4% and now up 18% since last week's inclusion as Trade of the Week. Oaktree Capital Group (OAK) was flat, and so was Hartford Financial Services Group (HIG) (disappointing, considering its insurance peers' strength). Starbucks (SBUX) , a short, hurt me (up $1.10). Another short, Apple (AAPL) , was up a large fraction. Here are some fine and value-added contributions from our peeps today: Jim "El Capitan" Cramer really likes Alcoa (AA) , and because of it I am doing more serious work on this name now.  Tim "Not Judy or Phil" Collins takes a non-consensus view on Delta Air Lines (DAL) ; I like this piece.  Tom Graff on what would it take for rates to rise.  Say it ain't so -- Ben "Goldfinger" Cross says gold is looking wobbly. Honest and flexible, Ben, in his approach to the precious commodity.  Tony Owusu takes a look at Amazon's Prime Day.   
Their underlying pricing has improved dramatically in recent months.
Deutsche just isn't Lehman, but that won't prevent it scaring the heck out of us.
Tesla shares sink on delivery miss while Goldman Sachs looks to curb spending within its asset-management division.
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.

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