Goldman Sachs Group, Inc. (NYSE:GS)

CAPS Rating: 3 out of 5

Global investment bank, securities and investment management firm that provides a wide range of services worldwide to a substantial and diversified client base that includes corporations, financial institutions, governments and high-net-worth individuals.

GS News and Commentary

Caps

How do you think GS will perform against the market?

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All Players

5,376 Outperform
677 Underperform
 

All-Star Players

1,062 Outperform
88 Underperform
 

Wall Street

31 Outperform
3 Underperform
 

Top GS Bull/Bear Pitches

The best Bull and Bear pitches based on recency and number of recommendations.

GrifterHater (57.28)
Submitted December 30, 2011

I believe that everyone should have their presents under their tree, purchased first and packaged in nice new Goldman Sachs, no wait Saks Fifth Avenue, No that's not right. Anyway GS:Goldman Sachs is my Pick & Dats Da ticket. Nope I haven't changed… More

NetsMasters (< 20)
Submitted October 02, 2014

Corrupt! Criminal Conspiracy to commit mass murders charges as an integral tool used by Goldman Sachs will bring GS down in the next 5 years or so.

GS VS S&P 500 (SPY)

Recent Community Commentary

Read the most recent pitches from players about GS.

Recs

0
Member Avatar john603 (70.18) Submitted: 5/10/2018 6:48:57 PM : Outperform Start Price: $243.44 GS Score: -3.25

the bank part is getting big.

Recs

0
Member Avatar rhallbick (97.06) Submitted: 4/28/2018 1:45:41 PM : Outperform Start Price: $248.22 GS Score: -9.02

The Goldman Sachs Group, Inc. (NYSE: GS)
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Thesis: The financial sector as a whole has lagged the S&P the last couple years, but as interest rates and commodity prices rise, Goldman Sachs will benefit in their trading revenue and interest rate spread income. They have retained a strong presence in market trading, and benefit from market volatility. Goldman is also making a shift in their business model to focus more on commercial lending and consumer banking, potentially to make future results more stable and predictable. Bottom line results benefit from the new lower corporate tax rate.
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Goldman Sachs is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals.
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Goldman Sachs divides itself into four business segments, and their 2017 results were:
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Investment Banking, 23% of revenue with a 36% pre-tax earnings growth.
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Institutional Client Services, 37% of revenue with a -54% pre-tax earnings decline.
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Investing & Lending, 21% of revenue with a 123% pre-tax earnings growth.
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Investment Management, 19% of revenue with a 25% pre-tax earnings growth.
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Investment Banking includes mergers, acquisitions, restructurings, spin-offs, and other large transactions. The other core activity of Investment Banking is equity and debt underwriting.
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Institutional Client Services makes markets, and helps clients buy and sell products in fixed income, equities, currencies and commodities. In addition, they make markets in and clear client transactions on major stock, options and futures exchanges worldwide. The lower net revenues in Institutional Client Services in 2017 was primarily due to significantly lower net revenues in Fixed Income, Currency and Commodities Client Execution; specifically bond trading revenue declined about 50%.
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Investing and Lending activities include debt securities and corporate loans, public and private equity securities, and infrastructure and real estate loans.
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Investment Management provides investment and wealth advisory services for institutions and high-net-worth individuals to help preserve and grow their financial assets.
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In the fourth quarter of 2017, Goldman Sachs recorded $4.40 billion of estimated income tax expense related to the new Tax Legislation. Excluding this non-cash expense, diluted earnings per common share were $19.76; an increase of 21.3% over 2016. Return on average common shareholders’ equity was 10.8% for all of 2017.
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The company returned $7.90 billion of capital to common shareholders during 2017, including $6.72 billion of common share repurchases and $1.18 billion in common stock dividends. Share repurchases are currently suspended to provide funding for the new banking initiatives.
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In Jan 2018, volatility returned to various markets, and Goldman was there to take advantage of it. First quarter 2018 saw trading revenue from stocks rise 38%, year over year, and fixed-income, currency and commodities trading was up 23% from one year ago. Return on equity rose to 15.4%, and their tax rate fell to 17.25% from about 30%.
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Since the end of their first year as a publicly traded company in 1999, to end-of-year 2017, their compound annual growth rate (CAGR) for earnings has been about 6.8%, while the CAGR of the stock price is about 6.5%. That would suggest that the stock is at or below fair value, and might be expected to trade at about 12 times trailing earnings.
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With average analysts' earnings projections for 2018 at $23.02, that might indicate an end-of-year share price of $276 (11.2% increase). That might be the floor price, as average earnings estimates have been running about 20% lower the actual numbers for each of the last four quarters.
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Risks: Most common risks for similar financials in recent years has been collapsing markets, government fines for wrong-doing, and rogue traders.
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Common stock outstanding:
Feb 10, 2017, 398,377,814 shares
Feb 09, 2018, 379,887,039 shares
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Price: $248.22 | Annual Dividend: $3.00 | Dividend Yield: 1.21%

Recs

0
Member Avatar AnsgarJohn (98.56) Submitted: 4/26/2018 2:42:09 AM : Outperform Start Price: $239.27 GS Score: -4.35

Jim Cramer Goldman Sachs https://www.gurufocus.com/dividend/GS

Leaderboard

Find the members with the highest scoring picks in GS.

Score Leader

SwingPoint

SwingPoint (< 20) Score: +212.96

The Score Leader is the player with the highest score across all their picks in GS.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
ferrow 89.99 11/21/2008 Outperform 5Y $46.84 +404.09% +267.87% +136.22 0 Comment
niwhsa 82.89 11/20/2008 Outperform 3Y $48.93 +382.53% +249.29% +133.24 0 Comment
MIT90 < 20 11/20/2008 Outperform 3Y $48.93 +382.53% +249.29% +133.24 1 Comment
crhein 35.79 11/20/2008 Outperform 5Y $48.93 +382.53% +249.29% +133.24 0 Comment
ImN2Stocks3 95.15 11/20/2008 Outperform NS $48.93 +382.53% +249.29% +133.24 0 Comment
liberio02 68.18 11/20/2008 7/10/2017 Outperform 3Y $48.92 +382.61% +250.21% +132.41 0 Comment
ultimatecabinets 84.80 11/24/2008 Outperform 3Y $50.06 +371.67% +240.77% +130.89 0 Comment
myolafs 83.73 11/24/2008 4/13/2012 Outperform 5Y $50.06 +371.67% +240.77% +130.89 0 Comment
aidrees 81.56 11/24/2008 Outperform 3Y $50.06 +371.67% +240.77% +130.89 0 Comment
SemperFinaance 86.89 11/24/2008 Outperform NS $50.06 +371.67% +240.77% +130.89 0 Comment

Wall Street

See what the Wall Street professionals think, according to their public statements and filings.

Player Name Player
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
S&P
Gain
Score End Date Commentary
TrackRaymondJame 92.95 12/14/2017 Outperform NS $256.27 -7.87% +2.14% -10.01 0 Comment
TrackStandpoint 36.63 3/1/2017 Underperform 5Y $253.14 -11.82% -3.12% +8.70 3/27/2017 @ $223.21 0 Comment
TrackGoldmanSach 79.41 5/29/2013 Outperform NS $149.92 +57.48% +64.91% -7.43 0 Comment
TrackGoldmanSach 79.41 5/17/2013 Underperform NS $157.04 +2.47% +0.64% -1.82 5/28/2013 @ $160.92 0 Comment
TrackGoldmanSach 79.41 5/10/2013 Outperform NS $148.57 +4.74% +1.44% +3.30 5/17/2013 @ $155.61 0 Comment
TrackGoldmanSach 79.41 5/1/2013 Outperform NS $145.83 +2.26% +2.29% -0.03 5/8/2013 @ $149.13 0 Comment
TrackGoldmanSach 79.41 4/17/2013 Underperform NS $142.99 +1.99% +1.90% -0.09 5/1/2013 @ $145.83 0 Comment
TrackSusquehanna 94.76 12/18/2012 Outperform NS $116.39 +102.85% +89.44% +13.40 0 Comment
TrackZacks < 20 9/17/2012 Outperform 3M $119.77 +2.88% -0.69% +3.58 10/16/2012 @ $123.22 1 Comment
trackclsa 62.19 9/5/2012 Outperform NS $99.26 +137.86% +93.35% +44.51 0 Comment
TrackJPMorgan 87.33 9/4/2012 Underperform NS $98.44 +139.83% +93.42% -46.41 0 Comment
TrackZacks < 20 7/17/2012 Underperform 3M $97.99 +5.74% +3.22% -2.52 8/14/2012 @ $103.61 1 Comment
TrackZacks < 20 5/29/2012 Outperform 3M $97.86 -3.32% -1.45% -1.87 5/30/2012 @ $94.61 1 Comment
TrackJMP 84.98 5/21/2012 Underperform NS $86.83 +171.91% +109.59% -62.32 0 Comment
TrackZacks < 20 2/21/2012 Underperform 3M $116.28 +3.17% +0.62% -2.55 3/2/2012 @ $119.96 1 Comment
TrackZacks < 20 9/20/2011 Underperform 3M $102.21 +7.35% +9.32% +1.97 1/30/2012 @ $109.73 1 Comment
TrackZacks < 20 6/28/2011 Underperform 3M $129.26 -9.59% -7.73% +1.85 8/16/2011 @ $116.87 1 Comment
TrackRBCCapMkts 88.63 6/14/2011 Underperform NS $136.84 -7.79% +8.34% +16.13 3/23/2012 @ $126.18 0 Comment
TrackJimCramer 85.39 5/17/2011 Underperform 3W $139.48 -25.22% -1.80% +23.42 1/19/2012 @ $104.31 0 Comment
TrackJimCramer 85.39 1/18/2011 Outperform 3W $95.69 +146.74% +108.61% +38.13 0 Comment
TrackSwensen < 20 12/31/2010 Outperform NS $152.48 +54.84% +117.87% -63.03 0 Comment
TrackJohnKeeley < 20 12/31/2010 Outperform NS $152.48 +54.84% +144.04% -89.20 0 Comment
TrackTiconderoga 87.67 10/20/2010 Outperform NS $155.86 +6.86% +9.16% -2.31 1/20/2011 @ $166.55 0 Comment
TrackZacks < 20 10/19/2010 Underperform 3M $156.72 +6.70% +4.60% -2.10 11/10/2010 @ $167.22 1 Comment
TrackNWQ < 20 9/30/2010 Outperform NS $130.81 +80.49% +170.31% -89.82 0 Comment
TrackZacks < 20 7/12/2010 Underperform 3M $136.90 +9.85% +3.20% -6.65 9/10/2010 @ $150.39 2 Comments
TrackBerkowitz 86.80 6/30/2010 Outperform NS $118.48 +99.28% +168.27% -68.98 0 Comment
TrackDodgeCox 93.50 6/30/2010 Outperform NS $118.48 +99.28% +169.58% -70.30 0 Comment
TrackJohnRogers 71.45 6/30/2010 Outperform NS $118.47 +99.29% +200.48% -101.19 0 Comment
TrackRichPzena 83.20 6/30/2010 Outperform NS $118.47 +99.29% +200.48% -101.19 0 Comment
TrackZacks < 20 10/15/2009 Outperform 3M $187.81 -21.62% +7.05% -28.68 5/12/2010 @ $147.20 1 Comment
TrackJMP 84.98 9/10/2009 Outperform NS $163.48 -40.54% +27.16% -67.70 5/21/2012 @ $97.20 0 Comment
TrackPaliResearc 35.59 8/18/2009 Outperform NS $142.82 +65.31% +178.19% -112.88 0 Comment
TrackKBW 92.14 7/15/2009 Outperform NS $135.71 +73.97% +198.54% -124.57 0 Comment
TrackUBS 92.12 6/30/2009 Outperform NS $143.92 -18.92% +57.70% -76.62 9/20/2012 @ $116.70 0 Comment
TrackHeebner < 20 6/29/2009 Outperform 1Y $131.94 +78.95% +197.52% -118.56 1 Comment
TrackBernstein 87.71 6/4/2009 Outperform NS $129.39 +82.48% +193.25% -110.78 0 Comment
TrackJMP 84.98 4/14/2009 Underperform NS $122.53 +11.97% +5.08% -6.89 5/18/2009 @ $137.20 0 Comment
TrackCitigroup 91.04 4/13/2009 Outperform NS $117.39 +22.82% +76.53% -53.71 1/25/2013 @ $144.18 0 Comment
TrackFBRCapitalM 88.29 3/27/2009 Outperform NS $97.79 +141.44% +235.82% -94.37 0 Comment
TrackOppenheimer 75.51 3/17/2009 Outperform NS $90.43 +17.22% +55.85% -38.63 9/7/2011 @ $106.00 0 Comment
TrackPabrai 73.33 2/24/2009 Outperform 1Y $72.74 +224.60% +268.76% -44.16 2 Comments
TrackWinters 57.97 2/24/2009 Outperform 1Y $72.74 +224.60% +268.76% -44.16 1 Comment
TrackSnow 82.40 2/20/2009 Outperform 1Y $73.11 +222.93% +261.94% -39.00 3 Comments
TrackCreditSuiss 90.75 12/1/2008 Outperform NS $66.63 +254.36% +220.02% +34.34 0 Comment
TrackSterneAgee 85.79 11/25/2008 Outperform NS $64.07 +268.49% +220.35% +48.14 0 Comment
TrackBRogers 98.38 10/24/2008 Outperform 1Y $96.40 +73.14% +29.79% +43.35 12/31/2009 @ $166.90 2 Comments
TrackWellsFargo 87.51 9/17/2008 Outperform NS $112.69 +47.58% +42.68% +4.90 9/16/2013 @ $166.31 0 Comment
TrackGaryBSmith 90.28 6/27/2008 Outperform 3W $154.07 +53.24% +119.95% -66.71 0 Comment
TrackBobOlstein < 20 6/18/2008 Outperform 1Y $167.93 -30.68% +2.98% -33.66 11/9/2012 @ $116.41 2 Comments
TrackLadenburg < 20 5/22/2008 Underperform NS $155.52 +51.81% +103.01% +51.20 0 Comment
TrackEveillard 96.29 3/31/2008 Outperform NS $145.44 +62.33% +116.68% -54.34 1 Comment
TrackSoros 88.88 3/31/2008 Outperform NS $145.71 +62.03% +114.36% -52.33 2 Comments
TrackRonBaron 83.09 3/31/2008 Outperform NS $145.71 +62.03% +114.36% -52.33 1 Comment
TrackWellsFargo 87.51 3/18/2008 Outperform NS $164.66 +8.72% -0.10% +8.82 6/26/2008 @ $179.01 0 Comment
TrackSOP 47.83 1/30/2008 Outperform NS $193.72 -7.86% +0.95% -8.81 2/14/2008 @ $178.50 0 Comment
TrackKBW 92.14 12/6/2007 Outperform NS $214.40 -56.79% -49.35% -7.44 3/17/2009 @ $92.64 0 Comment
TrackPZK < 20 12/4/2007 Underperform NS $220.68 -5.82% -5.62% +0.20 2/4/2008 @ $207.84 0 Comment
TrackZacks < 20 11/28/2007 Outperform 3M $226.27 -46.30% -32.84% -13.46 10/20/2008 @ $121.50 1 Comment
TrackRichPzena 83.20 9/30/2007 Outperform NS $215.63 -14.19% -10.37% -3.81 6/17/2008 @ $185.04 1 Comment
TrackHillman 98.04 9/30/2007 Outperform NS $190.32 +24.05% +87.32% -63.27 7 Comments
TrackChrisDavis 90.21 9/30/2007 Outperform NS $190.32 +24.05% +87.32% -63.27 2 Comments
TrackMuhlenkamp 34.78 9/30/2007 Outperform NS $190.32 +24.05% +87.32% -63.27 1 Comment
TrackJohnKeeley < 20 9/30/2007 Outperform NS $213.33 -40.51% -24.59% -15.92 9/30/2008 @ $126.92 1 Comment
TrackChuckAkre 96.31 9/30/2007 Outperform NS $214.56 -74.29% -48.09% -26.20 11/20/2008 @ $55.16 2 Comments
TrackUBS 92.12 9/21/2007 Outperform NS $205.58 -30.91% -16.39% -14.52 3/17/2008 @ $142.03 0 Comment
TrackPZK < 20 7/18/2007 Underperform NS $217.17 +1.30% -5.50% -6.81 11/12/2007 @ $220.00 0 Comment
TrackDeutscheSec 87.40 4/12/2007 Outperform NS $180.50 +30.80% +100.65% -69.85 0 Comment
TrackCharlesPayn 38.14 3/17/2007 Outperform 3M $174.43 +35.35% +108.20% -72.84 0 Comment
TrackJimCramer 85.39 9/20/2006 Outperform 3W $160.18 -12.09% +0.17% -12.27 5/17/2011 @ $140.81 0 Comment
TrackJimCramer 85.39 9/14/2006 Underperform 3W $162.52 +2.51% +0.68% -1.83 9/21/2006 @ $166.60 0 Comment
TrackRochdale 71.81 9/13/2006 Outperform NS $157.70 +27.96% +8.88% +19.07 12/20/2006 @ $201.79 0 Comment
TrackJimCramer 85.39 3/15/2006 Outperform 3W $149.00 +9.07% +1.02% +8.06 9/15/2006 @ $162.52 0 Comment

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