KBWB - Goldman Sachs' Strong Q2 Performance Boosts Confidence in Future Returns Says JP Morgan Analyst | Benzinga
JP Morgan analyst Kian Abouhossein presented their take on The Goldman Sachs Group, Inc. (NYSE:GS) second-quarter FY24 earnings results reported today.
The bank reported revenue of $12.730 billion, beating the consensus of $12.456 billion, and GAAP EPS of $8.62, beating the consensus of $8.35.
The analyst stated that Goldman Sachs’ reported EPS of $8.62 is 5% above their estimate of $8.24. The bank’s $3.5 billion share buyback during the quarter significantly exceeded JPMorgan’s $1 billion, the analyst noted.
Abouhossein added that despite the buyback occurring before the Fed ...