Goldman Sachs Analysts Remain Bullish Despite Weakest Quarter Since Pandemic Onset
Portfolio Pulse from AJ Fabino
Goldman Sachs Group Inc (GS) reported a 60% YoY decrease in Q2 earnings, marking its weakest quarter since the onset of the pandemic. Despite this, analysts from Oppenheimer, JMP, and BMO remain bullish on the bank's prospects. They cite reasons such as potential performance improvement, optimistic trends in M&A dialogue, and the emergence of 'green shoots' in the capital markets.
July 20, 2023 | 4:03 pm
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Goldman Sachs reported a 60% YoY decrease in Q2 earnings, but analysts remain optimistic about the bank's future performance.
Despite a significant decrease in Q2 earnings, analysts from Oppenheimer, JMP, and BMO remain bullish on Goldman Sachs. They believe the bank has potential for performance improvement, see optimistic trends in M&A dialogue, and note the emergence of 'green shoots' in the capital markets. This positive outlook from analysts could potentially drive the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100