Continuing on with Goldman Sachs (GS) another one of my favorites!
Goldman Sachs is in the investment banking business, they manage investments and provide securities to private individuals, financial institutions, governments and corporations. The first thing I would say from watching this company over the past few years is. “Never bet against Goldman Sachs.” GS is a serious money maker. They know how to perform in all markets. Yes right now they are under pressure by the SEC. However, I do believe they will get past this accusation of offering a product that was said to mislead the investors involved in the transaction. I don’t want to get into this because it’s very complicated. However, both parties are professional institutions and they should have done their due diligence and GS lost over $100 million on this transaction. Now onto the bright side of this company. Goldman reported great earnings this quarter and was shadowed by the SEC. They beat earnings consensus by a huge margin with $5.59 per share respectively. The consensus which means what the analyst expected was to be about $3.95 a share. This great earnings number also beat last year’s 1st quarter earnings by 64.9%. Not to shabby! Goldman has beat estimates for the last 5 quarters and I expect them to continue. With all the bad news at this time I recommend buying this stock on the cheap while the company is out of favor. For more information and added research go to www2.goldmansachs.com/
Thank You,
Clay-
If this information has been beneficial feel free to let me know. This will give me a good sense of direction for future topics.
Thank You!
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