Goldman Sachs (GS, $406.08) beats Q3 earnings expectations
Goldman Sachs reported third quarter earnings that surpassed analysts’ expectations, as the ban experienced a solid growth in investment banking and capital markets revenues.
Goldman’s earnings for the three months ending in September surged +55% from the year-ago quarter to $14.93 per share, crushing the Street consensus forecast of $10.11 per share.
Revenues rose more than +26% to $13.61 billion, ahead of analysts' forecasts of $11.67 billion.
Investment banking revenues were up +88% year-over-year to $3.7 billion, while overall capital markets revenues rose +23% to $5.61 billion.
“The third quarter saw strong operating performance and an acceleration of our investment in the growth of Goldman Sachs," said CEO David Solomon. "We announced two strategic acquisitions in our Asset Management and Consumer businesses which will enhance our scale and ability to drive higher, more durable returns."
GS's Indicator enters downward trend
The Aroon Indicator for GS entered a downward trend on April 19, 2022. Tickeron's A.I.dvisor identified a pattern where the AroonDown red line was above 70 while the AroonUp green line was below 30 for three straight days. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options. A.I.dvisor looked at 123 similar instances where the Aroon Indicator formed such a pattern. In 84 of the 123 cases the stock moved lower. This puts the odds of a downward move at 68%.
Current price $307.33 crossed the support line at $338.54 and is trading between $338.54 support and $286.10 resistance lines. Throughout the month of 04/12/22 - 05/13/22, the price experienced a -4% Downtrend. During the week of 05/06/22 - 05/13/22, the stock fell -2%.
The Moving Average Convergence Divergence Histogram (MACD) for GS turned negative on April 26, 2022. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 47 similar instances when the indicator turned negative. In 31 of the 47 cases the stock turned lower in the days that followed. This puts the odds of success at 66%.
GS moved below its 50-day Moving Average on April 21, 2022 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GS declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 62%.
GS broke above its upper Bollinger Band on April 20, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The RSI Indicator points to a transition from a downward trend to an upward trend -- in cases where GS's RSI Indicator exited the oversold zone, 17 of 27 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 63%.
The Stochastic Indicator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
The Momentum Indicator moved above the 0 level on May 13, 2022. You may want to consider a long position or call options on GS as a result. In 61 of 89 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 69%.
Following a +4.41% 3-day Advance, the price is estimated to grow further. Considering data from situations where GS advanced for three days, in 184 of 313 cases, the price rose further within the following month. The odds of a continued upward trend are 59%.
Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 54%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.11.
The Tickeron Price Growth Rating for this company is 61 (best 1 - 100 worst), indicating steady price growth. GS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is 57 (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron Profit vs. Risk Rating rating for this company is 32 (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock better than average.
The Tickeron Valuation Rating of 19 (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.009) is normal, around the industry mean (3.185). P/E Ratio (5.949) is within average values for comparable stocks, (48.017). GS's Projected Growth (PEG Ratio) (1.218) is slightly lower than the industry average of (2.484). Dividend Yield (0.024) settles around the average of (0.035) among similar stocks. P/S Ratio (1.995) is also within normal values, averaging (97.176).
The Tickeron SMR rating for this company is 4 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
These banks specialize in underwriting (helping companies with debt financing or equity issuances), IPOs, facilitating mergers and other corporate reorganizations and acting as a broker or financial advisor for institutions. They might also trade securities on their own accounts. Investment banks potentially thrive on expanding its network of clients, since that could help them increase profits. Goldman Sachs, Morgan Stanley and CME Group Inc are some of the largest investment banking companies.
The average market capitalization across the Investment Banks/Brokers Industry is 8.3B. The market cap for tickers in the group ranges from 13 to 910.3B. PKRSF holds the highest valuation in this group at 910.3B. The lowest valued company is BFCH at 13.
The average weekly price growth across all stocks in the Investment Banks/Brokers Industry was -5.5%. For the same Industry, the average monthly price growth was -11.97%, and the average quarterly price growth was -19.19%. MSBM experienced the highest price growth at 90%, while ARCNF experienced the biggest fall at -57.31%.
- 4/27/22 5:34 AM: Goldman Sachs Group (GS, $313.12) was a top loser this week, declining -6.8%
- 4/20/22 8:58 AM: Goldman Sachs Group (GS, $335.95) was a top weekly gainer, with a +5.06% jump
- 3/19/22 4:49 AM: Goldman Sachs Group (GS, $345.38) was a top weekly gainer, with a +5.62% jump
The average weekly volume growth across all stocks in the Investment Banks/Brokers Industry was 8.43%. For the same stocks of the Industry, the average monthly volume growth was 6.59% and the average quarterly volume growth was 16.3%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the Declines Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 33%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.3.
44 stocks in the group of tickers exhibit a similar negative trend based on the MACD indicator with an average likelihood of 68%.
The most notable companies in this group are Morgan Stanley (NYSE:MS), Charles Schwab Corp (The) (NYSE:SCHW), Goldman Sachs Group (NYSE:GS), CME Group (NASDAQ:CME).
The average market capitalization across the group is 12B. The market cap for tickers in the group ranges from 0 to 140.9B. MS holds the highest valuation in this group at 140.9B. The lowest valued company is BYSD at 0.
- 3/3/22 7:26 AM: S&P Global (SPGI, $399.12) saw a $51.4B market cap increase this week
The average weekly price growth across all stocks in the group was -7.07%. For the same group, the average monthly price growth was -16.88%, and the average quarterly price growth was -27.38%. DFIN experienced the highest price growth at 10.25%, while DEFTF experienced the biggest fall at -40.29%.
- 5/12/22 5:38 AM: Voya Financial (VOYA, $62.1) was a top loser this week, declining -7.84%. Expect a Downtrend reversal
- 5/12/22 5:38 AM: Eqonex (EQOS, $1.41) is a top weekly loser for penny stocks, falling -35.91%
- 5/10/22 5:36 AM: Cohen & Company (COHN, $12.59) is a top weekly loser for penny stocks, falling -16.12%
The average weekly volume growth across all stocks in the group was 38.39%. For the same stocks of the group, the average monthly volume growth was 205.93% and the average quarterly volume growth was 231.77%
- 5/13/22 4:49 AM: The volume for Defi Technologies stock increased for one day, resulting in a record-breaking daily growth of 250% of the 65-Day Volume Moving Average
- 5/12/22 5:32 AM: The volume for Greenhill & Co stock increased for four consecutive days, resulting in a record-breaking daily growth of 107% of the 65-Day Volume Moving Average
- 5/7/22 5:22 AM: The volume for Perella Weinberg Partners stock increased for one day, resulting in a record-breaking daily growth of 268% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows