Key Takeaways
- Goldman Sachs is set to report fourth-quarter results before the market opens Wednesday, with analysts expecting revenue and net interest income growth.
- Just over half of analysts tracked by Visible Alpha have a "buy" or equivalent rating for the stock, with their consensus price target implying about 10% upside.
- Several other big banks including JPMorgan and Citigroup are also scheduled to report Wednesday morning.
Goldman Sachs (GS) is set to report fourth-quarter results before the market opens Wednesday, with analysts expecting revenue and 澳洲幸运5官方开奖结果体彩网:net interest income growth.
Of the 13 analysts covering the stock tracked by Visible Alpha, seven have a "buy" or equivalent rating, while six have a "hold" rating. Their consensus price target at roughly $617 would suggest about 10% upside from Friday’s closing price of $560.
Wall Street expects the bank to report revenue of $12.3 billion, 8.7% higher year-over-year, and net interest income of $2.1 billion, up from $1.34 billion a year earlier, after a 澳洲幸运5官方开奖结果体彩网:stronger-than-expected𝕴 third quarter.
Investors will also be watching for other big banks including JPMorgan Chase (JPM), Wells Fargo (WFC), and Citigroup (C) 澳洲幸运5官方开奖结果体彩网:to report their results Wednesday morning. Bank of America (BAC) is set to follow Thursday, along with Morgan Stanley (MS) and others.
Goldman Sachs shares lost over 3% in Friday's session amid a 澳洲幸运5官方开奖结果体彩网:broader market decline, but have gained close to 50% over the past 12 months.