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.摩根分析師Kian Abouhossein對高盛集團（紐交所:GS）第三季度財務業績表示看法。
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，該公司報告營業收入爲$127億，超過了$118.7億的共識，每股收益爲$8.40，超過了$7.03的共識。
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.
在電話會議中，首席執行官大衛·所羅門強調了客戶需求強勁和不斷增長的交易積壓，並預計2024年另類籌資將超過$600億。
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，該公司的股權和併購交易量仍低於10年平均水平，並強調了需要提高資產和财富管理領域的利潤率。
Solomon also mentioned that the direction of travel at this point is "back to the core business."
所羅門還提到，目前的發展方向是"回歸核心業務"。
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.
與此同時，高盛的首席財務官表示，通用汽車的信用卡合作伙伴關係轉移預計將在2025年第三季度結束。
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.摩根分析師在股票評級爲超配的情況下表示，高盛的業績相對於最近九月金融會議上提供的謹慎指導表現強勁。值得注意的是，股票和衍生證券業務的收入達到了$35億，遠遠超過迄今爲止同行報告的水平，分析師補充道，仍具有相當大的持續按金。
Goldman Sachs has shown strength in its core franchises, and Abouhossein anticipates its shares will outperform peers.
高盛在其核心業務上表現強勁，Abouhossein預計其股票將勝過同行。
The analyst anticipates low single-digit percentage upgrades to the consensus EPS for 2024.
分析師預計2024年核心EPS的共識將有個位數的低百分比提升。
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).
投資者可以通過紐約證券交易所經紀商與證券交易所etf (NYSE: IAI) 和全球X基金全球X道瓊斯30支撐看漲etf (NYSE: DJIA) 獲得該股票的曝光。
Price Action: GS shares are down 0.55% at $519.90 at the last check Tuesday.
股價走勢：高盛股價週二最後檢查時下跌0.55%，報519.90美元。
Photo via Shutterstock
圖片來自shutterstock。
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