Goldman Sachs' Core Business Strength And Future EPS Growth Has Upside, Analyst Says After Q3 Performance
Portfolio Pulse from Lekha Gupta
Goldman Sachs reported strong Q3 results, beating revenue and EPS expectations. CEO David Solomon highlighted strong client demand and a rising deal backlog. J.P. Morgan analyst Kian Abouhossein anticipates Goldman Sachs shares will outperform peers, with potential EPS upgrades for 2024.
October 15, 2024 | 5:13 pm
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POSITIVE IMPACT
The Global X Dow 30 Covered Call ETF (DJIA) offers exposure to Goldman Sachs, which reported strong Q3 results, potentially benefiting the ETF.
DJIA ETF includes Goldman Sachs, which has shown strong Q3 performance. This could positively influence the ETF's value.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 40
POSITIVE IMPACT
Goldman Sachs reported Q3 revenue of $12.70 billion and EPS of $8.40, both beating consensus estimates. CEO David Solomon highlighted strong client demand and a rising deal backlog. J.P. Morgan analyst Kian Abouhossein expects GS shares to outperform peers.
Goldman Sachs' strong Q3 performance, beating both revenue and EPS expectations, is likely to positively impact its stock price. The CEO's optimistic outlook and the analyst's positive rating further support this view.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Investors can gain exposure to Goldman Sachs through the Shares U.S. Broker-Dealers & Securities Exchanges ETF (IAI), which may benefit from GS's strong performance.
IAI ETF includes Goldman Sachs, which reported strong Q3 results. This could lead to a positive impact on the ETF's performance.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 50