What Wall Street Analysts Think of Goldman Sachs Stock Ahead of Earnings
Key Takeaways
Goldman Sachs (
GS
) is set to report fourth-quarter results before the market opens Wednesday, with analysts expecting revenue and
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
stronger-than-expected third quarter
.
Investors will also be watching for other big banks including JPMorgan Chase (
JPM
), Wells Fargo (
WFC
), and Citigroup (
C
)
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
broader market decline
, but have gained close to 50% over the past 12 months.