GS - Goldman Sachs: Too Late To Buy
2024-05-29 18:46:35 ET
Summary
- Goldman Sachs shares have seen significant capital appreciation, up more than 50% since October lows.
- The company's Q1 earnings showed higher revenues, particularly in the Global Banking & Markets segment.
- The stock's high valuation and reliance on the macroeconomic environment make future returns less compelling at this price point.
- Goldman's big increase in market making revenues, and hopes on the future of investment banking do not justify current valuations.
Goldman Sachs (GS) has been, without a doubt, one of the most important financial institutions in history. Since the October lows, Goldman shares have seen significant capital appreciation, up more than 50%, and have outperformed its Banking ETF benchmark by close to 9%....
Goldman Sachs: Too Late To Buy