2024-04-15 15:00:47 ET
Summary
- Goldman Sachs Q1 earnings beating revenue and EPS expectations.
- The bank has benefited from strong market conditions supporting a rebound of dealmaking activity.
- We suggest caution toward the stock as the macro backdrop shifts with the potential that climbing interest rates pressures growth going forward.
The Goldman Sachs Group Inc ( GS ) reported its latest quarterly results, highlighted by a solid beat to Wall Street revenue and EPS estimates. The global investment bank has benefited from the strong market conditions to start the year, driving a rebound of activity across its key businesses compared to a more challenging 2022 and 2023....
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Goldman Sachs Q1 Earnings: A Solid Start To 2024, But Second Half Faces New Uncertainties