Goldman Sachs' Core Business Strength And Future EPS Growth Has Upside, Analyst Says After Q3 Performance
Goldman Sachs' Core Business Strength And Future EPS Growth Has Upside, Analyst Says After Q3 Performance
He noted the firm remained below 10-year averages for equity and M&A volumes and stressed the need to enhance margins in asset and wealth management.J.P. Morgan analyst Kian Abouhossein expressed the view on Goldman Sachs Group Inc.'s (NYSE:GS) third quarter financial results.
J.P.摩根分析师Kian Abouhossein对高盛集团（纽交所:GS）第三季度财务业绩表示看法。
Today, the company reported revenue of $12.70 billion, beating the consensus of $11.87 billion, and EPS of $8.40, beating the consensus of $7.03.
今天，该公司报告营业收入为$127亿，超过了$118.7亿的共识，每股收益为$8.40，超过了$7.03的共识。
In the conference call, CEO David Solomon highlighted strong client demand and a rising deal backlog and expects alternative fundraising to exceed $60 billion in 2024.
在电话会议中，首席执行官大卫·所罗门强调了客户需求强劲和不断增长的交易积压，并预计2024年另类筹资将超过$600亿。
He noted the firm remained below 10-year averages for equity and M&A volumes and stressed the need to enhance margins in asset and wealth management.
他指出，该公司的股权和并购交易量仍低于10年平均水平，并强调了需要提高资产和财富管理领域的利润率。
Solomon also mentioned that the direction of travel at this point is "back to the core business."
所罗门还提到，目前的发展方向是"回归核心业务"。
On the other hand, Goldman's CFO stated that the General Motors credit card partnership transfer is expected to close in the third quarter of 2025.
与此同时，高盛的首席财务官表示，通用汽车的信用卡合作伙伴关系转移预计将在2025年第三季度结束。
J.P. Morgan analyst, with an Overweight rating, writes that GS's results are strong relative to the cautious guidance provided at the recent September Financials conference. Notably, Equity S&T revenues reached $3.5 billion, significantly outperforming peers reported so far, with a substantial ongoing margin, adds the analyst.
J.P.摩根分析师在股票评级为超配的情况下表示，高盛的业绩相对于最近九月金融会议上提供的谨慎指导表现强劲。值得注意的是，股票和衍生证券业务的收入达到了$35亿，远远超过迄今为止同行报告的水平，分析师补充道，仍具有相当大的持续保证金。
Goldman Sachs has shown strength in its core franchises, and Abouhossein anticipates its shares will outperform peers.
高盛在其核心业务上表现强劲，Abouhossein预计其股票将胜过同行。
The analyst anticipates low single-digit percentage upgrades to the consensus EPS for 2024.
分析师预计2024年核心EPS的共识将有个位数的低百分比提升。
Investors can gain exposure to the stock via Shares U.S. Broker-Dealers & Securities Exchanges ETF (NYSE:IAI) and Global X Funds Global X Dow 30 Covered Call ETF (NYSE:DJIA).
投资者可以通过纽约证券交易所经纪商与证券交易所etf (NYSE: IAI) 和全球X基金全球X道琼斯30支撑看涨etf (NYSE: DJIA) 获得该股票的曝光。
Price Action: GS shares are down 0.55% at $519.90 at the last check Tuesday.
股价走势：高盛股价周二最后检查时下跌0.55%，报519.90美元。
Photo via Shutterstock
图片来自shutterstock。
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