Goldman Sachs Stock (GS) – 1st Trade Alert and Idea for Mon Apr 15 2024

Apr 15, 2024 | Trade Alerts and Ideas

Trade Alert

Goldman Sachs Stock (GS) is higher today thanks to excellent earnings reported this morning.  Revenue grew 26.71% year-over-year. They reported earnings of $11.58 a share on $32.16 billion. This easily beat estimates of $8.54 per share on expected revenue of $12.92 billion. For the same quarter last year Goldman Sachs reported $8.79 a share on $12.2 billion of revenue.

The stock is trading at 17.7 price to earnings with an $11.00 dividend yielding 2.72%. The stock could push back to its 52 week high of $419.20 made on March 28 but upside could be limited much beyond $425. The stock is not expensive but it is not cheap either especially in relation to its peers.

I placed one trade today as discussed in the morning Investing Strategy Notes. The trade alert provides the details and additional comments.

This trade alert and ideas article is for FullyInformed Members.

Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Nothing you read are recommendations. FullyInformed.com is for educational and entertainment purposes only. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. Some positions in mentioned stocks may already be held or are being adjusted. Read the full disclaimer.


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