Should You Buy Goldman Sachs At Its Current Price? Steve Weiss Thinks So


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Goldman Sachs Group Inc (NYSE:GS) is particularly well-positioned in a rising-rate environment, Short Hills Capital Chief Information Officer Steve Weiss said Friday on CNBC's "Fast Money: Halftime Report."

The company recently restructured in terms of asset management, Weiss said, adding that the stock is compelling and "extremely cheap" at its current level.

Weiss told CNBC that Goldman Sachs is now his largest financial holding.

Yesterday's Press Release: Goldman Sachs Commits Additional $10 Million to Support COVID-19 Relief and Recovery Efforts in India

Earnings: Goldman Sachs reported first-quarter financial results on April 14. The bank reported earnings of $18.60, beating the estimate of $10.22, and revenue of $17.7 billion, beating the estimate of $12.6 billion.

Related Link: Recap: Goldman Sachs Q1 Earnings

Price Action: Goldman Sachs traded as high as $356.85 and as low as $165.36 over a 52-week period. The stock was down 1.30% at $348.45 last check Friday afternoon.

(Photo: Jersey City and New York City headquarters, courtesy Goldman Sachs)


Crypto Whales Are Loading Up — Are You?

New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Long IdeasMediaTrading IdeasCNBCFast Money: Halftime Reportsteve weiss