How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 Earnings Report
Portfolio Pulse from Avi Kapoor
Goldman Sachs (GS) is anticipated to release Q4 earnings on Jan. 16, 2023, with expected earnings of $3.41 per share on revenue of $10.80 billion. UBS and JPMorgan raised their price targets for GS to $440 and $421, respectively. GS Asset Management closed the West Street Life Sciences I fund above its target with $650 million in equity commitments. GS has a dividend yield of 2.90%, with a quarterly dividend of $2.75 per share. To earn $500 monthly in dividends, an investor would need 545 shares, valued at approximately $206,964. GS shares fell 0.6% to close at $379.75 recently.
January 12, 2024 | 3:43 pm
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POSITIVE IMPACT
Goldman Sachs is expected to report Q4 earnings with analysts predicting positive results. Price targets have been raised by UBS and JPMorgan, and the company's dividend yield remains attractive at 2.90%.
The anticipation of positive Q4 earnings and the recent increase in price targets by UBS and JPMorgan suggest a potential positive short-term impact on GS's stock price. The closure of the West Street Life Sciences I fund above its target indicates strong performance in GS Asset Management, which could further bolster investor confidence. However, the recent slight decline in share price indicates market volatility, which investors should monitor closely.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100