How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q1 Earnings Report
Portfolio Pulse from Avi Kapoor
Goldman Sachs Group, Inc. (NYSE:GS) is anticipated to release its Q1 earnings on April 15, 2024, with expected earnings of $8.56 per share and revenue of $12.92 billion. JMP Securities analyst Devin Ryan maintained a Market Outperform rating and raised the price target from $440 to $460. Goldman Sachs offers a 2.77% annual dividend yield, equating to $2.75 per share quarterly. To earn $500 monthly from dividends, an investment of approximately $216,627 or 545 shares is needed. Shares of Goldman Sachs fell 0.8% to close at $397.48 recently.

April 12, 2024 | 12:34 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Goldman Sachs is expected to report Q1 earnings with a slight decrease in EPS from the previous year but an increase in revenue. The company maintains a strong dividend yield, attracting dividend investors. Analyst optimism is reflected in a raised price target.
The anticipation of Goldman Sachs's Q1 earnings report, combined with a slight expected decrease in EPS but an increase in revenue, suggests a stable financial outlook. The analyst's upgrade of the price target reflects confidence in the stock's performance, potentially leading to positive short-term price movement. The high dividend yield further supports investor interest, particularly for those focused on income-generating investments. However, the recent slight decline in share price indicates market volatility, which investors should monitor closely.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100