Goldman Sachs Earnings: A Strong Quarter After a Weak Start to 2017
Investment banking giant Goldman Sachs (NYSE: GS) reported third-quarter earnings that not only beat expectations on both the top and bottom lines but beat estimates in several key areas of its business. Here's a quick rundown of the numbers and why Goldman's investors should be especially encouraged by the third quarter's strong performance.
First, the headline numbers. Goldman Sachs generated $8.33 billion in revenue during the third quarter, handily beating analyst expectations of $7.54 billion. On the bottom line, the results were even more impressive. Due to the higher revenue and the company's effective cost controls, which kept expenses virtually unchanged despite the revenue growth, Goldman's earnings of $5.02 per share beat estimates by more than 20%.
Image source: Getty Images.
Source: Fool.com
Goldman Sachs Group Inc. Stock
The stock is an absolute favorite of our community with 33 Buy predictions and no Sell predictions.
On the other hand, the target price of 451 € is below the current price of 461.55 € for Goldman Sachs Group Inc., so the potential is actually -2.29%.
