Goldman Sachs on the Street: What the Analyst Ratings Suggest
In April 2017, 15 of the 30 analysts covering Goldman Sachs (GS) stock (~50%) gave it “buy” or “strong buy” ratings, while 12 analysts have given it “hold” ratings.
GS stock has risen by 25% over the past six months and 57% over the past year, reflecting strong investment banking and institutional services revenues.
Goldman Sachs’s investment banking division posted revenues of $1.7 billion in 1Q17, representing a growth of 16% YoY on higher equity underwriting revenues.
Goldman Sachs (GS) saw revenues of nearly $1.5 billion in its Investing and Lending division—far higher than in 1Q16 and similar to 4Q16.
Goldman Sachs (GS) reported 1Q17 EPS of $5.15, which was lower than consensus estimates of $5.31 and higher than its 1Q16 EPS of $2.68.
JPMorgan Chase’s (JPM) stock has risen 24.6% in the past six months and 46.2% in the past year.
In 1Q17, JPMorgan Chase (JPM) increased its dividend in line with its operating performance. The bank paid out dividends of $0.50 in 1Q17.
In April 2017, 15 of the 29 analysts covering JPM rated the stock as a “buy” or “strong buy,” as compared to 17 analysts in March 2017 and 18 analysts in January 2017.
JPMorgan Chase’s (JPM) Consumer and Community Banking division posted net income of $2.0 billion in 1Q17, as compared to $2.5 billion in 1Q16.
J.P. Morgan’s Commercial Banking division garnered $2.02 billion in revenues and $799 million in net profits in 1Q17, representing rises of 12% and 61%, respectively, YoY.
In its 1Q17 earnings release on April 13, 2017, JPMorgan Chase (JPM) posted EPS (earnings per share) of $1.65, beating Wall Street analysts’ estimates of $1.52.
Controlling overhead expenses has been imperative for US commercial banks (XLF) like Citigroup (C).
Citigroup (C) stock has appreciated 19% over the past six months and 29% over the past year due to a revival in its operating performance…
Citigroup (C) rewards its shareholders with dividends and repurchases in line with its operating performance.
Citigroup (C) reported its 1Q17 earnings on April 13. It announced EPS (earnings per share) from continuing operations of $1.35.
As of April 2017, 24 of the 31 analysts, covering Bank of America have given it “buy” or “strong buy” ratings, while six analysts have rated the company as a “hold.”
Bank of America (BAC) stock has risen 43.6% over the past six months and 79.8% over the past year.
Bank of America (BAC) has augmented its net profits and operating margins by deploying strong controls over spending across its global operations.
Bank of America (BAC) announced a quarterly dividend of $0.075 in 4Q16, with an implied dividend yield of 1.30%. This dividend was 50% higher than in 2Q16.
Bank of America’s (BAC) Consumer Banking business continues to be a major driver of growth in the US, and rising interest rates should help.