Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Goldman Sachs Group    GS

GOLDMAN SACHS GROUP (GS)
Mes dernières consult.
Most popular
  Report  
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets

Goldman Sachs : Reports Higher Earnings

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/17/2018 | 01:58pm CEST

By Liz Hoffman

Goldman Sachs Group Inc. reported higher profit and revenue from a year ago, catching the wave of lower taxes and newly active markets that boosted other big banks' quarterly earnings.

Revenue at the Wall Street firm rose to $10.04 billion from $8.03 billion a year ago. Goldman's profit was $2.83 billion, or $6.95 a share, up from the year-ago first quarter when the bank's traders made bad bets on the dollar and interest rates.

Analysts, on average, were expecting earnings of $2.21 billion, or $5.58 a share, on revenue of $8.74 billion, according to Thomson Reuters.

For all of Goldman's changes in recent years -- launching a consumer bank and embracing steadier businesses like asset management and corporate lending -- it still relies heavily on its traders, who make money selling everything from stocks to interest-rate swaps to big investors. They account for about one-third of the firm's revenue.

That business was expected to benefit this quarter as volatility returned to the markets. The dollar fell, and interest rates rose. Stocks swung around amid fears of a trade war and as the tumult at Facebook Inc. weighed on shares of technology companies.

But the trading seen early in the quarter, which was active but followed familiar patterns, devolved into more troublesome chaos for the banks in its later weeks.

Indeed, JPMorgan Chase & Co., Citigroup Inc. and Bank of America Corp. in recent days reported mixed trading results, doing better in equities but disappointing in areas like bond and credit trading.

Goldman's return on equity, a measure of how profitably it invests shareholders' money, was 15.4% for the quarter. Goldman has been pouring money into its new consumer bank and hiring senior executives in its investment-banking and technology divisions, which weighs on profitability.

Shares of Goldman Sachs, up 1.2% in 2018, slid 0.5% to $256.69 in premarket trading.

Write to Liz Hoffman at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on GOLDMAN SACHS GROUP
06:25pGOLDMAN SACHS GROUP : Free Research Report as Goldman Sachs’ Q2 EPS Surged 51% Y..
AC
03:46pGOLDMAN SACHS : Once Closed to Outsiders, Is on a Hiring Spree
DJ
07/18Wall Street traders set for best year since aftermath of crisis
RE
07/18Morgan Stanley caps strong earnings season for big U.S. banks
RE
07/18GOLDMAN SACHS : sees U.S. two-month bill introduced in November
RE
07/18Morgan Stanley boss Gorman hits out at Fed stress tests
RE
07/18DOW MOVERS : Cvx, wba
AQ
07/18GOLDMAN SACHS : Names Solomon '84 CEO and Chairman
AQ
07/18GOLDMAN SACHS : Sets a New Path -- WSJ -2-
DJ
07/18GOLDMAN SACHS : Sets a New Path -- WSJ
DJ
More news
News from SeekingAlpha
10:29aAlibaba leads $600M round in Suning Sports 
07/18Goldman Sachs bear retreats, upgrades to hold 
07/18Google Faces Record $5 Billion Fine Over Android (Wall Street Breakfast Podca.. 
07/18WALL STREET BREAKFAST : Google Faces Record $5B Fine Over Android 
07/18Is The LME Warehouse System In Crisis? 
Financials ($)
Sales 2018 36 213 M
EBIT 2018 12 914 M
Net income 2018 9 616 M
Debt 2018 -
Yield 2018 1,38%
P/E ratio 2018 9,45
P/E ratio 2019 9,22
Capi. / Sales 2018 2,41x
Capi. / Sales 2019 2,38x
Capitalization 87 260 M
Chart GOLDMAN SACHS GROUP
Duration : Period :
Goldman Sachs Group Technical Analysis Chart | GS | US38141G1040 | 4-Traders
Technical analysis trends GOLDMAN SACHS GROUP
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 271 $
Spread / Average Target 17%
EPS Revisions
Managers
NameTitle
Lloyd Craig Blankfein Chairman & Chief Executive Officer
David Michael Solomon President & Chief Operating Officer
R. Martin Chavez Chief Financial Officer & Executive Vice President
James A. Johnson Independent Director
William W. George Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
GOLDMAN SACHS GROUP-9.23%87 260
MORGAN STANLEY-3.64%87 061
CHARLES SCHWAB CORPORATION (THE)2.94%71 345
CITIC SECURITIES-10.55%28 314
NOMURA HOLDINGS INC-18.16%17 655
E*TRADE FINANCIAL CORP27.36%16 135