Seaport Global analyst James Mitchell maintains $Goldman Sachs (GS.US)$ with a hold rating.
According to TipRanks data, the analyst has a success rate of 71.1% and a total average return of 10.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Goldman Sachs (GS.US)$'s main analysts recently are as follows:
After Goldman Sachs reported a third-quarter earnings per share beat, influenced by more robust capital markets results, it was noted that investment banking revenues increased by 20% year-over-year. Additionally, there was a 2% rise in trading revenues and an 8% increase in asset management fees year-over-year. Subsequent to the report, forecasts for fourth-quarter and full-year earnings per share were adjusted, reflecting anticipation of continued financial growth.
Goldman Sachs' notable performance in Q3 stands as a primary example supporting the prospect of a capital markets rebound. The company's earnings have inspired confidence in projections that surpass industry consensus, particularly due to enhanced revenues in Equities and Fixed Income, Currencies and Commodities (FICC) markets, amplified private banking and lending revenues stemming from improved loan growth, and increased management fees. Furthermore, with investment banking revenues anticipated to be significantly higher than the consensus estimates, the recent earnings announcement solidifies belief in the robust industry volume forecasts.
The bank's Q3 earnings surpassed expectations as the majority of its significant revenue streams outperformed the consensus, according to an analyst.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
