Goldman Sachs (NYSE:GS) declared a quarterly dividend on Thursday, October 15th, MarketBeat.Com reports.
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Goldman Sachs (GS – Get Report) posted third-quarter earnings that missed analyst estimates as trading revenue plummeted, and the shares slid in pre-market trading.
Earnings translated into $2.90 per share, a penny below analyst expectations. The trading community seemed to disregard the underperformance. Finally, Zacks raised Goldman Sachs from a “hold” rating to a “buy” rating and set a $237.00 target price for the company in a research note on Wednesday, July 22nd.
Citigroup Inc (C) soared 3% or $1.54 to $52.26 after the financial services provider reported total revenues in the third-quarter ending in September plunged 5.4% from a year ago to $18.69 billion. The global economy has been beset by slowdown in the emerging markets with China and Brazil being the notable laggards. Adjustments excluded, the company’s revenue would have plummeted 27%.
Average total loans were $6.7 billion, up 2.7 percent year-over-year, the statement noted. The stock closed last trading session at $184.96, up by 3.04%, with a volume of 5,720,088 shares against an average volume for the last 3 months of 3,189,340.
So, Goldman Sachs is dismissing around 20 analysts in sales and trading in London and New York after discovering that they were cheating on internal tests.
Wynn Resorts Limited (NASDAQ:WYNN) recently brought negative earnings surprise of 2.2727% as, on 10/15/15, it reported EPS of $0.86 versus the consensus estimate of $0.88.
Goldman Sachs Group Inc (GS) current short interest stands at 6.72 million shares.
Goldman Sachs saw a book value per common share of $171.45 and tangible book value per share of $162.11 per share. Of all stocks tracked, Goldman Sachs had the 7th highest net out-flow for the day. The Firm is a global investment banking, securities and investment management business providing you with a range of financial services to a diversified client base offering Governments, financial institutions, corporations and people. Investment banks have started taking strict measures to prevent this from happening in recent years amid increasing scrutiny from regulators. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and ten have given a buy rating to the stock.
One bright spot was investment banking. The big hit came in fixed income currency, and commodities, down 33% year over year and 9% sequentially.
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Goldman has stressed the bank’s commitment to trading, even as other banks have pulled back or exited the business to focus on less-volatile activities that require less capital. That compared with $4.34 billion at JPMorgan and $3.16 billion at Bank of America.
