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Published: Thu, April 20, 2017
Business | By Patricia Jimenez

Goldman Sachs' profits miss forecasts as trading struggled

Goldman Sachs' profits miss forecasts as trading struggled

The company has been one of the biggest innovators in "Investment Brokerage - National" employing approximately 34400 full time employees.

Depending on the earnings numbers reported, W.W. Grainger, Inc.

Morgan Stanley (MS.N), Goldman's traditional rival, reports earnings on Wednesday. (NYSE:GWW) stock may see increased volatility following the report. They noted that the move was a valuation call.

Goldman Sachs's share price surged 32 per cent from the USA presidential election through the end of previous year on optimism Trump would usher in pro-growth economic policies, and as firm alumni including former President Gary Cohn took up key positions in the administration. The figure tells us what earnings were generated from invested capital of The Goldman Sachs Group, Inc. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have assigned a buy rating to the stock. The stock presently has a consensus rating of "Hold" and an average target price of $223.77.

The Goldman Sachs logo is pictured on their post as traders work on the floor of the New York Stock Exchange in New York August 4, 2014. The stock has a market cap of $93.86 billion, a P/E ratio of 13.89 and a beta of 1.50. The stock's 50 day moving average price is $239.01 and its 200 day moving average price is $198.74.

A Quintis spokesman on Tuesday declined to comment and a Goldman Sachs spokeswoman declined to comment. This is the first time Goldman reported a miss on earnings since the fourth quarter of 2015.

Separately on Tuesday, Bank of America posted better-than-expected profits of $4.86 billion, or 41 cents a share - up 44 percent, in part, from an increase in trading revenue. The Return on Investment (ROI) is at 1.3% while it's Return on Equity (ROE) value stands at 9.4%. For the quarter ending Sep-17, 17 analysts have a mean sales target of 8,002.05 million whilst for the year ending Dec-17, 24 analysts have a mean target of 32,809.70 million.

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"There was no clear path", Mr Mosby said, and "it still created every bit as much uncertainty as a year ago, when everyone thought we were going to fall off the edge into the energy recession". But the results were well short of analyst forecasts of $5.31 per share, on average, according to Thomson Reuters I/B/E/S. Stockholders of record on Thursday, March 2nd were paid a dividend of $0.65 per share. Atria Investments LLC's holdings in Goldman Sachs Group were worth $959,000 at the end of the most recent quarter. (GS) is 3.29. The Average Volume (3 months) is 3.78 Million. With the existing current ratio, The Goldman Sachs Group, Inc.is more than equipped to confront its liabilities with its assets.

Goldman Sachs Group Inc (NYSE:GS) opened at 215.59 on Wednesday. Also, EVP Edith W. Cooper sold 4,186 shares of the firm's stock in a transaction that occurred on Friday, January 27th.

The New York-based firm reported a profit of $2.26 billion, or $5.15 a share. The disclosure for this sale can be found here. Looking back over the last month, shares have performed -10.48%.

Frank Wilson, who owns around 13 percent of Quintis, resigned as the company's managing director on March 28 to consider making a takeover offer alongside an unidentified global group.

Unlike its competitors, Goldman's trading desks struggled in the first quarter. The original version of this news story can be viewed at https://www.thecerbatgem.com/2017/04/19/goldman-sachs-group-inc-gs-upgraded-at-citigroup-inc.html. Integrated Wealth Management increased its position in shares of Goldman Sachs Group by 30.1% in the first quarter.

The company's book value per share grew 1.4 percent to $184.98. Signaturefd LLC boosted its position in Goldman Sachs Group, Inc. The results have disappointed investors since other financial service providers like JPMorgan Chase & Co.

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