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Goldman Sachs

GS-N

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214.82

4.25 (2.02%)

The Goldman Sachs Group, Inc. is an American multinational finance company that engages in global investment banking, investment management, securities, and other financial services including asset ...

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Signal

Opinion

Expert

WAIT

WAIT

March 28, 2019

Financials is a big scratching head at the moment. This particular bank is not faced with the pressures of the retail banking in general. Used to be an investment bank leveraged 30 to 1. Everything that it used to do to eke out high torque on their profitability seems to be muted a little bit and without the leverage that they used to have. He has been bullish in financials prematurely. Trading below book value. Jury is out on this one.

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Goldman Sachs (GS-N)

March 28, 2019

Financials is a big scratching head at the moment. This particular bank is not faced with the pressures of the retail banking in general. Used to be an investment bank leveraged 30 to 1. Everything that it used to do to eke out high torque on their profitability seems to be muted a little bit and without the leverage that they used to have. He has been bullish in financials prematurely. Trading below book value. Jury is out on this one.

Mike S. Newton, CIM FCSI

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Price

$191.180

Owned

Unknown

PAST TOP PICK

PAST TOP PICK

March 26, 2019

(A Top Pick Apr 09/18, Down 23%) Yield curve inversion has put banks out of favour. Malaysia scandal is weighing on the stock. World's best investment bank, at a single digit multiple, looks compelling.

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Goldman Sachs (GS-N)

March 26, 2019

(A Top Pick Apr 09/18, Down 23%) Yield curve inversion has put banks out of favour. Malaysia scandal is weighing on the stock. World's best investment bank, at a single digit multiple, looks compelling.

Lorne Steinberg

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Price

$190.690

Owned

Yes

BUY

BUY

March 21, 2019

It has had trouble getting out of its own way in terms of where it has come from. The brand has been tarnished since 2008. It trades at about 90% of book value. It still represents a premier house in which to do M&A and he thinks 2019 will be a strong M&A environment. They have strengthened their abilities in the wealth management area.

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Goldman Sachs (GS-N)

March 21, 2019

It has had trouble getting out of its own way in terms of where it has come from. The brand has been tarnished since 2008. It trades at about 90% of book value. It still represents a premier house in which to do M&A and he thinks 2019 will be a strong M&A environment. They have strengthened their abilities in the wealth management area.

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Price

$194.580

Owned

Unknown

DON'T BUY

DON'T BUY

February 22, 2019

Their is some concern that interest rates may rise, which could slow them down. They have a bit of a tainted image -- making money on the backs of their clients. A profitable company, but not one they have wanted to own.

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Goldman Sachs (GS-N)

February 22, 2019

Their is some concern that interest rates may rise, which could slow them down. They have a bit of a tainted image -- making money on the backs of their clients. A profitable company, but not one they have wanted to own.

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Price

$196.000

Owned

No

TOP PICK

TOP PICK

February 12, 2019

Good growth. Loan losses are very conservative. GS will probably do M&A in this late cycle. Expects good performance here. (Analysts’ price target is $230.46)

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Goldman Sachs (GS-N)

February 12, 2019

Good growth. Loan losses are very conservative. GS will probably do M&A in this late cycle. Expects good performance here. (Analysts’ price target is $230.46)

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Price

$195.040

Owned

Yes

BUY

BUY

February 4, 2019

Well-run with earnings in the last report very good. Fine revenue growth as was investment banking. Fixed income fine. The Indonesian lawsuit is a concern, though. Trades at 10x earnings and slightly above book value. He loves it.

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Goldman Sachs (GS-N)

February 4, 2019

Well-run with earnings in the last report very good. Fine revenue growth as was investment banking. Fixed income fine. The Indonesian lawsuit is a concern, though. Trades at 10x earnings and slightly above book value. He loves it.

John O'Connell, CFA

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Price

$197.720

Owned

Yes

PAST TOP PICK

PAST TOP PICK

January 25, 2019

(A Top Pick Feb 06/18, Down 21%) They had stellar numbers in 2018 like 11% revenue growth and bought back 2% of its stock.. But they're by this Malaysian scandal, sued by their government by a huge amount and create a crisis of confidence--buy this will pass. GS recovered a bit in Q4. But he doesn't understand why this is trading at tangible book value. A wonderful franchise.

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Goldman Sachs (GS-N)

January 25, 2019

(A Top Pick Feb 06/18, Down 21%) They had stellar numbers in 2018 like 11% revenue growth and bought back 2% of its stock.. But they're by this Malaysian scandal, sued by their government by a huge amount and create a crisis of confidence--buy this will pass. GS recovered a bit in Q4. But he doesn't understand why this is trading at tangible book value. A wonderful franchise.

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Price

$200.740

Owned

Yes

COMMENT

COMMENT

January 17, 2019

US banks didn't do well last year. First 3 quarters showed strength in global markets. Negative performance in client engagement. Corporate business OK. If you own 3 banks, sell 1 and diversify.

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Goldman Sachs (GS-N)

January 17, 2019

US banks didn't do well last year. First 3 quarters showed strength in global markets. Negative performance in client engagement. Corporate business OK. If you own 3 banks, sell 1 and diversify.

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Price

$199.090

Owned

Unknown

WAIT

WAIT

January 8, 2019

Price to book ratio play. Classically you buy it below book and sell it at 1.5-1.8X. Currently 0.86X price to book looks really tempting. They are not as susceptible to net interest margin, to the credit, to a number of factors that are going to hit banks. Much more focused business line, great wealth management, great asset management, great trading capital market and investment banking. But at the end of the day we are at the end of the cycle and now may not be the time to buy this.

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Goldman Sachs (GS-N)

January 8, 2019

Price to book ratio play. Classically you buy it below book and sell it at 1.5-1.8X. Currently 0.86X price to book looks really tempting. They are not as susceptible to net interest margin, to the credit, to a number of factors that are going to hit banks. Much more focused business line, great wealth management, great asset management, great trading capital market and investment banking. But at the end of the day we are at the end of the cycle and now may not be the time to buy this.

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Price

$175.370

Owned

Unknown

DON'T BUY

DON'T BUY

December 31, 2018

He is not there for the financials and not warming up on them. He does not think rates are going much higher. He was short and covered.

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Goldman Sachs (GS-N)

December 31, 2018

He is not there for the financials and not warming up on them. He does not think rates are going much higher. He was short and covered.

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Price

$167.050

Owned

No

WAIT

WAIT

December 21, 2018

Loves range-bound stocks, because they're so easy to trade. He was going to buy this, but didn't because it broke down early. Fundamentally, he likes it. $160-130 would be a target for the downside, and could bounce off that. If you already own, you're already 3/4 of the way through the damage.

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Goldman Sachs (GS-N)

December 21, 2018

Loves range-bound stocks, because they're so easy to trade. He was going to buy this, but didn't because it broke down early. Fundamentally, he likes it. $160-130 would be a target for the downside, and could bounce off that. If you already own, you're already 3/4 of the way through the damage.

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Price

$160.050

Owned

No

DON'T BUY

DON'T BUY

December 19, 2018

They are trading at 67% of book value, but are also impacted by a fraud issue in Malaysia. There is fear that there may be more issues to company. An inexpensive stock now, but there may be better opportunities out there.

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Goldman Sachs (GS-N)

December 19, 2018

They are trading at 67% of book value, but are also impacted by a fraud issue in Malaysia. There is fear that there may be more issues to company. An inexpensive stock now, but there may be better opportunities out there.

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Price

$169.250

Owned

No

PAST TOP PICK

PAST TOP PICK

December 13, 2018

(A Top Pick Jul 24/18, Down 19%) Great company. Exceptionally profitable. Trading at 7 and 1/2 normalized earnings. Once they get over the big scandal. That will cost them $2 billion and they made $13 billion last year in profits. The best company in taking advantage of dysfunctional markets in the world. Global leader in investment banking. Pristine balance sheet. Good value. Just added to his position.

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Goldman Sachs (GS-N)

December 13, 2018

(A Top Pick Jul 24/18, Down 19%) Great company. Exceptionally profitable. Trading at 7 and 1/2 normalized earnings. Once they get over the big scandal. That will cost them $2 billion and they made $13 billion last year in profits. The best company in taking advantage of dysfunctional markets in the world. Global leader in investment banking. Pristine balance sheet. Good value. Just added to his position.

John O'Connell, CFA

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Price

$175.920

Owned

Yes

DON'T BUY

DON'T BUY

December 11, 2018

Brokerages are more volatile than banks or insurance companies, because they rely so much on capital markets. In the late-cycle, there's a lot of general uncertainty. If you want exposure to the U.S. financial sector, buy a bank of lifeco which are more stable.

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Goldman Sachs (GS-N)

December 11, 2018

Brokerages are more volatile than banks or insurance companies, because they rely so much on capital markets. In the late-cycle, there's a lot of general uncertainty. If you want exposure to the U.S. financial sector, buy a bank of lifeco which are more stable.

Christine Poole

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Price

$176.800

Owned

No

DON'T BUY

DON'T BUY

December 7, 2018

Corruption in Asia has triggered a sell-off. He prefers TD, and owns no US banks. (TD operates in the US.) If they can't shake off these corruption charges, then GS will be in the penalty box for a while

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Goldman Sachs (GS-N)

December 7, 2018

Corruption in Asia has triggered a sell-off. He prefers TD, and owns no US banks. (TD operates in the US.) If they can't shake off these corruption charges, then GS will be in the penalty box for a while

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Price

$179.670

Owned

No

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