Chief Strategist: Goldman Sachs May Swing 2% On Q1 Results
Goldman Sachs Group Inc (NYSE: GS) could swing a little more than 2 percent on first-quarter earnings expected before the bell Thursday, JJ Kinahan told Benzinga.
"Not a ton of options traded here. The puts have traded a lot today, but they've sort of been back and forth," said Kinahan, managing director and chief strategist for TD Ameritrade.
Wall Street expects the blue-chip investment bank and brokerage to post earnings of $4.26 a share.
Goldman Sachs has gained 12 percent in the past three months and changed hands recently at $201.32, up 3.6 percent.
Goldman Sachs has lost an average of 0.5 percent on the day following each of its most recent four quarterly earnings reports, including a 2.6 percent drop in October, according to Shaeffer's Investment Research.
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.