GS Stock Summary and Trading Ideas (Goldman Sachs Group | NYSE:GS)

Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.

Goldman Sachs Group trades on the NYSE stock market under the symbol GS.

As of April 19, 2024, GS stock price climbed to $404.00 with 2,726,169 million shares trading.

GS has a beta of 1.53, meaning it tends to be more sensitive to market movements. GS has a correlation of 0.47 to the broad based SPY ETF.

GS has a market cap of $131.53 billion. This is considered a Large Cap stock.

Last quarter Goldman Sachs Group reported $14 billion in Revenue and $11.58 earnings per share. This beat revenue expectation by $1 billion and exceeded earnings estimates by $3.02.

In the last 3 years, GS stock traded as high as $426.16 and as low as $277.84.

The top ETF exchange traded funds that GS belongs to (by Net Assets): VTI, VOO, DIA, SPY, IVV.

GS has outperformed the market in the last year with a price return of +24.2% while the SPY ETF gained +21.2%. GS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +7.9% and -0.6%, respectively, while the SPY returned +4.3% and -3.5%, respectively.

GS support price is $397.21 and resistance is $409.01 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that GS stock will trade within this expected range on the day.