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 January 8, 2025, GS stock price declined to $580.02 with 1,391,301 million shares trading.

GS has a beta of 1.02, meaning it tends to be more sensitive to market movements. GS has a correlation of 0.32 to the broad based SPY ETF.

GS has a market cap of $183.17 billion. This is considered a Large Cap stock.

Last quarter Goldman Sachs Group reported $13 billion in Revenue and $8.40 earnings per share. This beat revenue expectation by $829 million and exceeded earnings estimates by $1.37.

In the last 3 years, GS traded as high as $612.73 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 +53.1% while the SPY ETF gained +27.5%. GS has also outperformed the stock market ETF in the last 3 month and 2 week periods returning +17.9% and -0.5%, respectively, while the SPY returned +4.2% and -2.0%, respectively.

GS support price is $570.79 and resistance is $589.45 (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 shares will trade within this expected range on the day.