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The Goldman Sachs Group Inc GS

Morningstar Rating
$457.43 +7.25 (1.61%)
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Company Report

Goldman Sachs' Multiple Revenue and Expense Lines in Transition; Fair Value Up to $417 From $368

Goldman Sachs is refocusing the initiatives it’s been working on the previous several years. At its 2023 investor day, it emphasized three priorities. In its investment banking and trading business, it wants to maximize client wallet share and grow its financing business. In asset and wealth management, it wants to grow its management fees, including in wealth management and raising third-party capital for its alternatives business. In its new platforms business, it wants to scale and achieve profitability.

Price vs Fair Value

GS is trading at a 699% premium.
Price
$457.43
Fair Value
$737.00
Uncertainty
Medium
1-Star Price
$871.41
5-Star Price
$874.10
Economic Moat
Xyndmp
Capital Allocation
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Bulls Say, Bears Say

Bulls

More stable investment management and net interest income could cause investors to reassess Goldman's earnings quality and increase their willingness to pay a premium for it.

Bears

While Goldman is in a better capital position than it was and has a shifting business mix, it may take a while for the market to give the company full credit for the changes. The company's strategy has also been somewhat muddied by recent acquisitions and divestitures.

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News

Trading Information

Previous Close Price
$450.18
Day Range
$448.51457.69
52-Week Range
$289.36471.48
Bid/Ask
$457.10 / $458.00
Market Cap
$147.50 Bil
Volume/Avg
1.8 Mil / 2.2 Mil

Key Statistics

Price/Earnings (Normalized)
16.95
Price/Sales
3.25
Dividend Yield (Trailing)
2.40%
Dividend Yield (Forward)
2.40%
Total Yield
5.62%

Company Profile

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.
Sector
Financial Services
Industry
Capital Markets
Stock Style Box
Large Value
Total Number of Employees
45,300

Competitors

Valuation

Metric
GS
MS
SF
Price/Earnings (Normalized)
16.9516.1416.93
Price/Book Value
1.441.751.81
Price/Sales
3.253.112.09
Price/Cash Flow
9.4910.2211.58
Price/Earnings
GS
MS
SF

Financial Strength

Metric
GS
MS
SF
Quick Ratio
Current Ratio
Interest Coverage
Quick Ratio
No chart available

Profitability

Metric
GS
MS
SF
Return on Assets (Normalized)
0.80%1.02%1.41%
Return on Equity (Normalized)
12.72%13.37%11.57%
Return on Invested Capital (Normalized)
Return on Assets
GS
MS
SF
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Economic Moat
Market Cap
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TW
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IBKR
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SF
CrrhdlyrXzqp$8.3 Bil
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EVR
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