Goldman Sachs Gr Stock (NYSE:GS), Trade Ideas

Goldman Sachs Gr

Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.

MetaPlatforms.Shutterstock

News

Markets

Media

Trading Ideas

URNM

Meta Platforms reported first-quarter revenue of $36.45 billion, which was up 27% year-over-year. Revenue came in ahead of Street estimates.

Meta Platforms, Goldman Sachs And More On CNBC&#39;s &#39;Final Trades&#39;

Ted Cruz. Photo by Consolidated News Photos on Shutterstock

Equities

Government

Regulations

Politics

GOP Senator Ted Cruz Sold Shares Of This Big Bank On Q1 Earnings Release Date: Here Are The Details

GoldmanSachs.Shutterstock

Virtus Investment&#39;s Joseph Terranova named Goldman Sachs as his final trade. The bank reported better-than-expected first-quarter earnings.

Goldman Sachs, SL Green Realty And A Major Chipmaker On CNBC&#39;s &#39;Final Trades&#39;

Goldman Sachs Group, Inc. (The) Common Stock

The Goldman Sachs Group Inc

GelStat Corp

Globalstar Inc

Great Southern Bancorp, Inc. - Common Stock

Great Southern Bancorp Inc

Goldman Sachs BDC Inc

GOLDEN STATE BANCORP by Golden State Bancorp

Golden State Bancorp

Goldman Sachs ETF Trust Goldman Sachs Small Cap Core Equity ETF

Ioneer Ltd

GS Chain PLC

WisdomTree Trust Global SmallCap Divid Fd

GOLDSANDS DEV CO by Goldsands Development Co.

Goldsands Development Co

Global Systems Dynamics Inc Class A

GSDT FINTECH GROUP INC by GSDT Fintech Group Inc.

GSDT Fintech Group Inc

Global Systems Dynamics Inc Units (1 Ord Class A & 1/2 War)

Global Systems Dynamics Inc Warrants (01/04/2026)

Goldman Sachs MarketBeta Emerging Markets Equity ETF

Covivio SA

FT Vest U.S. Equity Moderate Buffer ETF - September

Goldman Sachs ActiveBeta Europe Equity ETF

Goldman Sachs Equal Weight U.S. Large Cap Equity ETF

GLOBAL SEAFOOD TECH INC by Global Seafood Technologies, Inc.

Global Seafood Technologies Inc

GREEN STREAM HOLDINGS by Green Stream Holdings Inc.

Green Stream Holdings Inc

Goldman Sachs Future Planet Equity ETF

iShares GSCI Commodity-Indexed Trust Fund

GSG Group Inc

GENSIGHT BIOLOGICS SA by Gensight Biologics SA

Gensight Biologics SA

Goosehead Insurance, Inc. - Class A Common Stock

Goosehead Insurance Inc

Gushen Inc

GOLDSHORE RESOURCES INC by Goldshore Resources Inc.

Goldshore Resources Inc

GUSHENGTANG HLDGS LTD by GUSHENGTANG HLDGS LTD.

Themes Global Systemically Important Banks ETF

Goldman Sachs MarketBeta International Equity ETF

Goldman Sachs ActiveBeta International Equity ETF

Golden Sachs ETF Trust Goldman Sachs Access Investment Grade Corporate 1-5 Year Bond ETF

GENERAL STEEL HLDGS INC by General Steel Holdings, Inc.

General Steel Holdings Inc

GENERAL STORE INTL CORP by General Store International Corp. (THE)

GENESIS MINERALS LTD NEW by Genesis Minerals Limited

Genesis Minerals Ltd

GSI Technology Inc

Garden Stage Ltd

Goldman Sachs ActiveBeta Japan Equity ETF

GSK plc American Depositary Shares (Each representing two Ordinary Shares)

GSK PLC

Goldseek Resources Inc Ordinary Shares

Global Ship Lease Inc New Class A Common Shares

Global Ship Lease Inc

Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF

GREEN SCIENTIFIC LBS HLD by Green Scientific Labs Holdings Inc.

Green Scientific Labs Holdings Inc

Go Solar USA Inc

GEOSOLAR TECHNOLOGIES INC by GEOSOLAR TECHNOLOGIES, INC.

Geosolar Technologies Inc

Global Ship Lease, Inc. Depository Shares Representing 1/100th Perpetual Preferred Series B% (Marshall Island)

Ferroglobe PLC

Indiana Resources Ltd

Cheer Holding Inc

G&S Minerals Inc

GLOBAL ESCIENCE CORP by Global eScience Corp.

Global eScience Corp

GRAYSCALE SOLANA TRUST by Grayscale Solana Trust (SOL)

GULFSLOPE ENERGY INC by Gulfslope Energy, Inc.

Gulfslope Energy Inc

GEOSPATIAL CORPORATION by Geospatial Corporation

Geospatial Corp

GREEN STAR PRODUCTS INC by Green Star Products, Inc.

Green Star Products Inc

GOLDEN SPIKE RES CORP by Golden Spike Resources Corp.

Golden Spike Resources Corp

GOLDEN STAR ENTERPRISE by Golden Star Enterprises Ltd.

Golden Star Enterprises Ltd

Gotham Enhanced 500 ETF

GSP Resource Corp

GOLDEN SHIELD RES INC by GOLDEN SHIELD RES INC.

Golden Shield Resources Inc

GSRX INDUSTRIES INC by GSRX Industries Inc.

GSRX Industries Inc

GS ActiveBeta U.S. Small Cap Equity ETF

GOSSAN RESOURCES LTD CDA by Gossan Resources Ltd.

Gossan Resources Ltd

Goldman Sachs Access Ultra Short Bond ETF

GS SWEDEN AB by GS SWEDEN AB

Green Satoshi Token

GLOBESTAR THERAPEUTICS CO by GlobeStar Therapeutics Corporation

GlobeStar Therapeutics Corp

GROWTH STALK HLDGS CORP by Growth Stalk Holdings Corp

Growth Stalk Holdings Corp

GOLDSTORM METALS CORP by GOLDSTORM METALS CORP.

Goldstorm Metals Corp

GRAPHENE & SOLAR TECHS by Graphene & Solar Technologies Ltd.

Graphene & Solar Technologies Ltd

Golden Sun Health Technology Group Limited - Class A Ordinary Shares

Golden Sun Health Technology Group Ltd

Goldman Sachs MarketBeta U.S. Equity ETF

GSV Inc

GUANAJUATO SILVER CO LTD by GUANAJUATO SILVER CO LTD

Guanajuato Silver Co Ltd

Gameswap

GLOBAL SWEETENERS HLDGS by Global Sweeteners Holdings Ltd.

Invesco Ultra Short Duration ETF

Goldman Sachs Group, Inc. (The) Depositary Shares each representing 1/1000th Interest in a Share of Floating Rate Non-Cumulative Preferred Stock Series A

Goldman Sachs Group, Inc. (The) Depositary Share repstg 1/1000th Preferred Series C

Goldman Sachs Group, Inc. (The) Dep Shs repstg 1/1000 Pfd Ser D Fltg

Goldman Sachs Group, Inc. (The) Dep Shs Repstg 1/1000 Int Sh Fxd/Fltg Non Cum Pfd Stk Ser K

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/04/24/final-trades-goldman-sachs-meta-platforms-and-urnm.html">Halftime Report Final Trades</a>,&#8221; Bryn Talkington of Requisite Capital Management named Sprott Uranium Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/URNM#NYSE">URNM</a>) amid supply shortage here. The ETF has been basing in the 50's level and believes it is a &#8220;<a href="https://www.benzinga.com/news/24/04/38349158/is-a-commodities-super-cycle-on-the-way">good entry point</a>.&#8221;
Stephen Weiss of Short Hills Capital Partners picked Meta Platforms, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>).
On Wednesday, Meta reported first-quarter revenue of $36.45 billion, which was up 27% year-over-year. The revenue came in ahead of a Street consensus estimate of $36.16 billion, according to data from Benzinga Pro. The company reported earnings per share of $4.71 in the first quarter, <a href="https://www.benzinga.com/news/24/04/38421280/metas-stock-plunge-after-q1-numbers-an-overreaction-to-zuckerbergs-capex-move-says-gene-munster-he-w">beating a Street estimate of $4.33.</a>
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Joseph M. Terranova of Virtus Investment Partners said there is more upside ahead for The Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>).
On April 15, Goldman Sachs reported better-than-expected first-quarter earnings, posting revenue of $14.21 billion for the first quarter of 2024, beating the consensus of $12.92 billion. The Wall Street giant reported EPS of $11.58, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38273192/goldman-sachs-boasts-near-perfect-q1-results-5-analysts-zero-in-on-core-strengths">beating the consensus of $8.60</a>.
Global Banking &amp; Markets were $9.73 billion, up 15% Y/Y, boosted by a 32% increase in investment banking fees to $2.08 billion, primarily driven by an increase in completed mergers and acquisitions transactions and initial public and secondary offerings.
Price Action:
<ul>
<li>Sprott Uranium Miners ETF fell 0.6% on Wednesday.</li>
<li>Meta shares fell 0.5% to settle at $493.50 during Wednesday's session.</li>
<li>Goldman Sachs fell 0.2% to close at $423.04 during Wednesday's session.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/24/04/38429015/jim-cramer-youre-dice-rolling-with-this-biopharma-stock-but-vista-energy-is-a-good-situation">Jim Cramer Says You&#8217;re &#8216;Dice Rolling&#8217; With This Biopharma Stock, But Vista Energy Is &#8216;A Good Situation&#8217;</a>
Image: Shutterstock

Meta Platforms, Goldman Sachs And More On CNBC's 'Final Trades'

Sen. Ted Cruz (R-TX) on Wednesday <a href="https://www.benzinga.com/topic/congress-trades">disclosed a transaction</a> in investment bank Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), and this has raised some eyebrows.
What Happened: In a filing with the Senate, Cruz said his spouse sold Goldman shares on April 15 and the proceeds could be worth up to $500,000. Incidentally, the company reported its quarterly results on the same day. The sale was mentioned as part offloading of the position.
The filing was in line with the &#8220;Stock Trading on Congressional Knowledge Act,&#8221; which requires Congressmen to publicly file and disclose any financial transaction within 45 days of its occurrence.&nbsp;The values of trades are given in a range.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="347" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25033026/image-213-1024x347.png" alt="" class="wp-image-308074" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25033026/image-213-1024x347.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25033026/image-213-300x102.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25033026/image-213-768x261.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25033026/image-213-1536x521.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/04/25033026/image-213.png 1872w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Incidentally, Cruz&#8217; wife Heidi Cruz has been with Goldman since 2005 and she is currently serving as Managing Director at the firm.
See Also: <a href="https://www.benzinga.com/money/best-bank-stocks">Best Bank Stocks Right Now</a>
Why It&#8217;s Important: Goldman is among the big banks, which reported stellar results for the first quarter. The stock rallied about 3% to $400.88 on the day of its earnings release (April 15) before pulling back about 1% in the very next session.
Since then, the stock has reversed course and ended Wednesday&#8217;s session at $423.04, down 0.23% from its previous close, according to<a href="https://benzinga.grsm.io/lxquj26b2sag"> Benzinga Pro data.</a>
The company reported first-quarter top- and bottom-line beats, thanks to strong trading and investment banking revenues. CNBC Mad Money host Jim Cramer <a href="https://www.benzinga.com/markets/equities/24/04/38290992/jim-cramer-says-he-likes-earnings-from-these-big-banks-so-much-heres-why">picked Goldman as one of the big bank </a>earnings he liked this season due to the strong fee income relative to net interest income.
Given details of the purchase of those shares aren&#8217;t readily available, it isn&#8217;t known whether the transaction netted the senator a profit.
When Cruz was panned for allegedly inciting the Jan. 6, 2021 insurrection, corporate America chose to distance itself from tainted politicians. Goldman was among them but it chose to stand by Cruz&#8217;s wife who was employed with them.
Read Next: <a href="https://www.benzinga.com/news/24/04/38185125/elon-musk-agrees-with-ted-cruz-on-putting-homeland-security-secretary-on-trial-the-precedent-is-crys">Elon Musk Agrees With Ted Cruz On Putting Homeland Security Secretary On Trial: &#8216;The Precedent Is Crystal Clear&#8217;</a>
Photo by Consolidated News Photos on Shutterstock

Analyst Ratings

CNBC Halftime Report Final Trades: The Goldman Sachs Group, Meta Platforms, Sprott Uranium Miners ETF

Financial giants have made a conspicuous bullish move on Goldman Sachs Gr. Our analysis of options history for Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) revealed 11 unusual trades.
Delving into the details, we found 63% of traders were bullish, while 18% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $1,155,800, and 9 were calls, valued at $618,053.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $390.0 to $460.0 for Goldman Sachs Gr during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
In terms of liquidity and interest, the mean open interest for Goldman Sachs Gr options trades today is 527.0 with a total volume of 851.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Goldman Sachs Gr's big money trades within a strike price range of $390.0 to $460.0 over the last 30 days.
<h3>Goldman Sachs Gr Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713977158_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GS</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$55.85</td>
<td>$54.7</td>
<td>$55.75</td>
<td>$460.00</td>
<td>$1.1M</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">202</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$9.75</td>
<td>$9.6</td>
<td>$9.75</td>
<td>$415.00</td>
<td>$114.2K</td>
<td style="text-align: right;">983</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$39.9</td>
<td>$39.5</td>
<td>$39.9</td>
<td>$420.00</td>
<td>$111.6K</td>
<td style="text-align: right;">691</td>
<td style="text-align: right;">29</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$39.25</td>
<td>$38.75</td>
<td>$39.25</td>
<td>$420.00</td>
<td>$82.4K</td>
<td style="text-align: right;">691</td>
<td style="text-align: right;">119</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/03/24</td>
<td>$33.1</td>
<td>$31.65</td>
<td>$32.41</td>
<td>$390.00</td>
<td>$81.0K</td>
<td style="text-align: right;">90</td>
<td style="text-align: right;">25</td>
</tr>
</tbody>
</table>

<h3>About Goldman Sachs Gr</h3>
Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.
In light of the recent options history for Goldman Sachs Gr, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of Goldman Sachs Gr</h3>
<ul>
<li>Currently trading with a volume of 785,906, the GS's price is down by -0.69%, now at $421.09. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 84 days.</li>
</ul>
<h3>What Analysts Are Saying About Goldman Sachs Gr</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $429.6.
<ul>
<li>Consistent in their evaluation, an analyst from HSBC keeps a Buy rating on Goldman Sachs Gr with a target price of $460. </li>
<li>Maintaining their stance, an analyst from BMO Capital continues to hold a Market Perform rating for Goldman Sachs Gr, targeting a price of $360. </li>
<li>An analyst from JP Morgan persists with their Overweight rating on Goldman Sachs Gr, maintaining a target price of $433. </li>
<li>Maintaining their stance, an analyst from Evercore ISI Group continues to hold a Outperform rating for Goldman Sachs Gr, targeting a price of $435. </li>
<li>Consistent in their evaluation, an analyst from JMP Securities keeps a Market Outperform rating on Goldman Sachs Gr with a target price of $460. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Goldman Sachs Gr options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Options

Smart Money Is Betting Big In Goldman Sachs Gr Options

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/04/22/final-trades-goldman-sachs-sl-green-and-taiwan-semi.html">Halftime Report Final Trades</a>,&#8221; Stephen Weiss of Short Hills Capital Partners said Taiwan Semiconductor Manufacturing Company Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) is <a href="https://www.benzinga.com/24/04/38362650/tsmc-topped-estimates-on-the-back-of-insatiable-ai-demand">oversold and cheap</a>.
On April 18, Taiwan Semiconductor Manufacturing exceeded first-quarter financial expectations. The company's revenue surged 16.5% to $18.87 billion, surpassing the Street consensus estimate of $18.40 billion, while net income increased by 8.9% to $6.97 billion.
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC said SL Green Realty Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLG#NYSE">SLG</a>), which reported earnings last week, has a 6% yield.
On April 17, SL Green Realty posted first-quarter sales of $128.203 million, missing market expectations of $152.668 million. The company posted FFO of $3.07 beating estimates of $2.16. 
Evercore ISI Group analyst Steve Sakwa maintained SL Green Realty with an Underperform but raised the price target from $46 to $47 on April 22.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>.
Joseph M. Terranova of Virtus Investment Partners named Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) as his final trade.
On April 15, Goldman Sachs reported better-than-expected first-quarter earnings, posting revenue of $14.21 billion for the first quarter of 2024, beating the consensus of $12.92 billion. 
The Wall Street giant reported EPS of $11.58, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38273192/goldman-sachs-boasts-near-perfect-q1-results-5-analysts-zero-in-on-core-strengths">beating the consensus of $8.60</a>.
Price Action:
<ul>
<li>Taiwan Semiconductor Manufacturing shares rose 1.6% to close at $129.75 on Monday.</li>
<li>SL Green Realty shares gained 2.4% to settle at $50.78 during Monday's session.</li>
<li>Goldman Sachs shares gained 3.3% to close at $417.35 during Monday's session.</li>
</ul>
Also Read This: <a href="https://www.benzinga.com/news/24/04/38370585/investor-optimism-improves-but-fear-greed-index-remains-in-fear-zone">Investor Optimism Improves, But Fear &amp; Greed Index Remains In &#8216;Fear&#8217; Zone</a>
Image: Shutterstock

Goldman Sachs, SL Green Realty And A Major Chipmaker On CNBC's 'Final Trades'

WIIM

Shares of banking and financial services stocks are trading higher as stocks across sectors rebound following recent weakness.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BAC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$39.00</td>
<td>$26.4K</td>
<td>7.4K</td>
<td>10.4K</td>
</tr>
<tr>
<td>C</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$65.00</td>
<td>$27.4K</td>
<td>24.6K</td>
<td>4.1K</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$230.00</td>
<td>$33.2K</td>
<td>2.0K</td>
<td>2.9K</td>
</tr>
<tr>
<td>AFRM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$35.00</td>
<td>$35.2K</td>
<td>3.1K</td>
<td>1.1K</td>
</tr>
<tr>
<td>BX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$122.00</td>
<td>$29.8K</td>
<td>451</td>
<td>441</td>
</tr>
<tr>
<td>AXP</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/10/24</td>
<td>$235.00</td>
<td>$32.4K</td>
<td>1</td>
<td>137</td>
</tr>
<tr>
<td>MA</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$425.00</td>
<td>$512.6K</td>
<td>116</td>
<td>96</td>
</tr>
<tr>
<td>FOUR</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$55.00</td>
<td>$27.1K</td>
<td>53</td>
<td>50</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$390.00</td>
<td>$43.3K</td>
<td>613</td>
<td>33</td>
</tr>
<tr>
<td>V</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/24/24</td>
<td>$270.00</td>
<td>$28.0K</td>
<td>75</td>
<td>18</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding BAC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>), we observe a call option sweep with bullish sentiment. It expires in 60 day(s) on June 21, 2024. Parties traded 300 contract(s) at a $39.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.4K, with a price of $88.0 per contract. There were 7450 open contracts at this strike prior to today, and today 10427 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a call option sweep with bullish sentiment. It expires in 25 day(s) on May 17, 2024. Parties traded 1138 contract(s) at a $65.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $24.0 per contract. There were 24624 open contracts at this strike prior to today, and today 4185 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be bullish, expiring in 4 day(s) on April 26, 2024. This event was a transfer of 50 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $33.2K, with a price of $665.0 per contract. There were 2081 open contracts at this strike prior to today, and today 2990 contract(s) were bought and sold. 
• For AFRM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AFRM#NASDAQ">AFRM</a>), we notice a call option trade that happens to be bullish, expiring in 25 day(s) on May 17, 2024. This event was a transfer of 150 contract(s) at a $35.00 strike. The total cost received by the writing party (or parties) was $35.2K, with a price of $235.0 per contract. There were 3162 open contracts at this strike prior to today, and today 1117 contract(s) were bought and sold. 
• For BX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on April 26, 2024. This event was a transfer of 239 contract(s) at a $122.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $29.8K, with a price of $125.0 per contract. There were 451 open contracts at this strike prior to today, and today 441 contract(s) were bought and sold. 
• Regarding AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we observe a put option trade with bullish sentiment. It expires in 18 day(s) on May 10, 2024. Parties traded 63 contract(s) at a $235.00 strike. The total cost received by the writing party (or parties) was $32.4K, with a price of $515.0 per contract. There were 1 open contracts at this strike prior to today, and today 137 contract(s) were bought and sold. 
• For MA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>), we notice a call option trade that happens to be neutral, expiring in 151 day(s) on September 20, 2024. This event was a transfer of 96 contract(s) at a $425.00 strike. The total cost received by the writing party (or parties) was $512.6K, with a price of $5340.0 per contract. There were 116 open contracts at this strike prior to today, and today 96 contract(s) were bought and sold. 
• Regarding FOUR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FOUR#NYSE">FOUR</a>), we observe a put option trade with bearish sentiment. It expires in 116 day(s) on August 16, 2024. Parties traded 50 contract(s) at a $55.00 strike. The total cost received by the writing party (or parties) was $27.1K, with a price of $542.0 per contract. There were 53 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a call option sweep that happens to be bullish, expiring in 25 day(s) on May 17, 2024. This event was a transfer of 15 contract(s) at a $390.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $43.3K, with a price of $2890.0 per contract. There were 613 open contracts at this strike prior to today, and today 33 contract(s) were bought and sold. 
• Regarding V (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), we observe a put option trade with neutral sentiment. It expires in 32 day(s) on May 24, 2024. Parties traded 50 contract(s) at a $270.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $561.0 per contract. There were 75 open contracts at this strike prior to today, and today 18 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AFRM

COIN

FOUR

10 Financials Stocks Whale Activity In Today's Session

CNBC Halftime Report Final Trades: The Goldman Sachs Group, SL Green Realty, Taiwan Semiconductor Manufacturing

Goldman Exits Robo-Investing For Masses In Deal With Betterment; Betterment Will Acquire Clients, Assets Tied To Marcus Invest; Goldman Still Seeks To Expand Marcus Savings-Account Product

Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) has outperformed the market over the past 5 years by 3.88% on an annualized basis producing an average annual return of 15.0%. Currently, Goldman Sachs Gr has a market capitalization of $132.54 billion. 
Buying $1000 In GS: If an investor had bought $1000 of GS stock 5 years ago, it would be worth $2,028.15 today based on a price of $408.40 for GS at the time of writing.
<h3>Goldman Sachs Gr's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713798109_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Goldman Sachs Gr 5 Years Ago Would Be Worth This Much Today

High-rolling investors have positioned themselves bearish on Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in GS often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 16 options trades for Goldman Sachs Gr. This is not a typical pattern.
The sentiment among these major traders is split, with 37% bullish and 62% bearish. Among all the options we identified, there was one put, amounting to $76,360, and 15 calls, totaling $925,177.
<h3>Expected Price Movements</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $310.0 to $412.5 for Goldman Sachs Gr over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Goldman Sachs Gr's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Goldman Sachs Gr's whale activity within a strike price range from $310.0 to $412.5 in the last 30 days. 
<h3>Goldman Sachs Gr Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713543400_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$75.75</td>
<td>$73.95</td>
<td>$75.75</td>
<td>$360.00</td>
<td>$242.1K</td>
<td style="text-align: right;">61</td>
<td style="text-align: right;">27</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$22.9</td>
<td>$22.35</td>
<td>$22.35</td>
<td>$390.00</td>
<td>$125.4K</td>
<td style="text-align: right;">620</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$33.3</td>
<td>$30.95</td>
<td>$30.95</td>
<td>$390.00</td>
<td>$108.0K</td>
<td style="text-align: right;">35</td>
<td style="text-align: right;">35</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$97.5</td>
<td>$93.95</td>
<td>$97.05</td>
<td>$310.00</td>
<td>$97.0K</td>
<td style="text-align: right;">330</td>
<td style="text-align: right;">10</td>
</tr>
<tr>
<td>GS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$33.2</td>
<td>$32.8</td>
<td>$33.2</td>
<td>$410.00</td>
<td>$76.3K</td>
<td style="text-align: right;">406</td>
<td style="text-align: right;">28</td>
</tr>
</tbody>
</table>

<h3>About Goldman Sachs Gr</h3>
Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.
Following our analysis of the options activities associated with Goldman Sachs Gr, we pivot to a closer look at the company's own performance.
<h3>Current Position of Goldman Sachs Gr</h3>
<ul>
<li>With a volume of 914,478, the price of GS is up 0.52% at $405.19. </li>
<li>RSI indicators hint that the underlying stock may be approaching overbought.</li>
<li>Next earnings are expected to be released in 89 days.</li>
</ul>
<h3>Expert Opinions on Goldman Sachs Gr</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $426.6.
<ul>
<li>An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Goldman Sachs Gr, which currently sits at a price target of $435. </li>
<li>An analyst from BMO Capital has decided to maintain their Market Perform rating on Goldman Sachs Gr, which currently sits at a price target of $360. </li>
<li>Showing optimism, an analyst from Argus Research upgrades its rating to Buy with a revised price target of $465. </li>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Goldman Sachs Gr with a target price of $440. </li>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Goldman Sachs Gr, targeting a price of $433. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Goldman Sachs Gr options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Behind the Scenes of Goldman Sachs Gr's Latest Options Trends

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/19/24</td>
<td>$370.00</td>
<td>$107.1K</td>
<td>1.8K</td>
<td>1.8K</td>
</tr>
<tr>
<td>NU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$10.00</td>
<td>$46.9K</td>
<td>2.6K</td>
<td>1.8K</td>
</tr>
<tr>
<td>IBKR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$105.00</td>
<td>$60.0K</td>
<td>117</td>
<td>829</td>
</tr>
<tr>
<td>GL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$65.00</td>
<td>$27.2K</td>
<td>1.1K</td>
<td>591</td>
</tr>
<tr>
<td>COIN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$210.00</td>
<td>$25.3K</td>
<td>369</td>
<td>433</td>
</tr>
<tr>
<td>C</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$55.00</td>
<td>$27.3K</td>
<td>27.3K</td>
<td>418</td>
</tr>
<tr>
<td>AXP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$220.00</td>
<td>$27.1K</td>
<td>1.0K</td>
<td>270</td>
</tr>
<tr>
<td>UBS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$25.00</td>
<td>$26.2K</td>
<td>1.5K</td>
<td>245</td>
</tr>
<tr>
<td>SQ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$85.00</td>
<td>$75.7K</td>
<td>10.9K</td>
<td>124</td>
</tr>
<tr>
<td>WAL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$60.00</td>
<td>$38.6K</td>
<td>228</td>
<td>89</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For GS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), we notice a call option sweep that happens to be bullish, expiring in 1 day(s) on April 19, 2024. This event was a transfer of 32 contract(s) at a $370.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $107.1K, with a price of $3350.0 per contract. There were 1828 open contracts at this strike prior to today, and today 1835 contract(s) were bought and sold. 
• For NU (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NU#NYSE">NU</a>), we notice a put option sweep that happens to be bullish, expiring in 29 day(s) on May 17, 2024. This event was a transfer of 1807 contract(s) at a $10.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $46.9K, with a price of $26.0 per contract. There were 2649 open contracts at this strike prior to today, and today 1820 contract(s) were bought and sold. 
• Regarding IBKR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBKR#NASDAQ">IBKR</a>), we observe a put option sweep with bearish sentiment. It expires in 29 day(s) on May 17, 2024. Parties traded 500 contract(s) at a $105.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $60.0K, with a price of $120.0 per contract. There were 117 open contracts at this strike prior to today, and today 829 contract(s) were bought and sold. 
• For GL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GL#NYSE">GL</a>), we notice a call option trade that happens to be bullish, expiring in 29 day(s) on May 17, 2024. This event was a transfer of 47 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $27.2K, with a price of $580.0 per contract. There were 1184 open contracts at this strike prior to today, and today 591 contract(s) were bought and sold. 
• For COIN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), we notice a call option trade that happens to be bullish, expiring in 428 day(s) on June 20, 2025. This event was a transfer of 3 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $25.3K, with a price of $8450.0 per contract. There were 369 open contracts at this strike prior to today, and today 433 contract(s) were bought and sold. 
• Regarding C (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>), we observe a put option sweep with bullish sentiment. It expires in 64 day(s) on June 21, 2024. Parties traded 242 contract(s) at a $55.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.3K, with a price of $113.0 per contract. There were 27356 open contracts at this strike prior to today, and today 418 contract(s) were bought and sold. 
• For AXP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), we notice a call option sweep that happens to be bullish, expiring in 64 day(s) on June 21, 2024. This event was a transfer of 25 contract(s) at a $220.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $27.1K, with a price of $1085.0 per contract. There were 1025 open contracts at this strike prior to today, and today 270 contract(s) were bought and sold. 
• Regarding UBS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>), we observe a put option sweep with bullish sentiment. It expires in 274 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $25.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $26.2K, with a price of $131.0 per contract. There were 1514 open contracts at this strike prior to today, and today 245 contract(s) were bought and sold. 
• Regarding SQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SQ#NYSE">SQ</a>), we observe a call option sweep with bearish sentiment. It expires in 29 day(s) on May 17, 2024. Parties traded 473 contract(s) at a $85.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $75.7K, with a price of $160.0 per contract. There were 10994 open contracts at this strike prior to today, and today 124 contract(s) were bought and sold. 
• For WAL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>), we notice a call option trade that happens to be bearish, expiring in 274 day(s) on January 17, 2025. This event was a transfer of 49 contract(s) at a $60.00 strike. The total cost received by the writing party (or parties) was $38.6K, with a price of $788.0 per contract. There were 228 open contracts at this strike prior to today, and today 89 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

IBKR

Investors with a lot of money to spend have taken a bearish stance on Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with GS, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 13 options trades for Goldman Sachs Gr.
This isn't normal.
The overall sentiment of these big-money traders is split between 38% bullish and 61%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $25,839, and 12, calls, for a total amount of $822,087.
<h3>Expected Price Movements</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $350.0 and $420.0 for Goldman Sachs Gr, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Goldman Sachs Gr's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Goldman Sachs Gr's significant trades, within a strike price range of $350.0 to $420.0, over the past month.
<h3>Goldman Sachs Gr 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713449788_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$78.7</td>
<td>$77.55</td>
<td>$77.55</td>
<td>$360.00</td>
<td>$232.9K</td>
<td>37</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$19.25</td>
<td>$19.1</td>
<td>$19.25</td>
<td>$400.00</td>
<td>$96.2K</td>
<td>4.6K</td>
<td style="text-align: right;">53</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$72.2</td>
<td>$70.1</td>
<td>$70.55</td>
<td>$370.00</td>
<td>$70.6K</td>
<td>71</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$78.85</td>
<td>$77.55</td>
<td>$77.55</td>
<td>$360.00</td>
<td>$62.1K</td>
<td>37</td>
<td style="text-align: right;">2</td>
</tr>
<tr>
<td>GS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$84.45</td>
<td>$82.8</td>
<td>$82.8</td>
<td>$350.00</td>
<td>$58.0K</td>
<td>94</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Goldman Sachs Gr</h3>
Goldman Sachs is a leading global investment banking and asset management firm. Approximately 20% of its revenue comes from investment banking, 45% from trading, 20% from asset management and 15% from wealth management and retail financial services. Around 60% of the company's net revenue is generated in the Americas, 15% in Asia, and 25% in Europe, the Middle East, and Africa.
After a thorough review of the options trading surrounding Goldman Sachs Gr, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Where Is Goldman Sachs Gr Standing Right Now?</h3>
<ul>
<li>Trading volume stands at 356,033, with GS's price up by 0.79%, positioned at $407.09.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 90 days.</li>
</ul>
<h3>What Analysts Are Saying About Goldman Sachs Gr</h3>
In the last month, 5 experts released ratings on this stock with an average target price of $441.6.
<ul>
<li>Consistent in their evaluation, an analyst from HSBC keeps a Buy rating on Goldman Sachs Gr with a target price of $470. </li>
<li>An analyst from HSBC persists with their Buy rating on Goldman Sachs Gr, maintaining a target price of $460. </li>
<li>An analyst from RBC Capital persists with their Sector Perform rating on Goldman Sachs Gr, maintaining a target price of $405. </li>
<li>An analyst from Evercore ISI Group has decided to maintain their Outperform rating on Goldman Sachs Gr, which currently sits at a price target of $440. </li>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Overweight rating for Goldman Sachs Gr, targeting a price of $433. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Goldman Sachs Gr, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

A Closer Look at Goldman Sachs Gr's Options Market Dynamics

With <a href="https://www.benzinga.com/news/earnings/earnings-beats/24/04/38220176/major-us-banks-top-q1-earnings-estimates-as-high-interest-rates-offer-tailwinds-indi">big bank earnings now in the rearview mirror,</a> CNCB Mad Money host and stock picker Jim Cramer on Wednesday weighed in on which of them impressed him the most.
What Happened: Cramer was impressed with the earnings reports of Goldman Sachs Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) and Morgan Stanley (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MS#NYSE">MS</a>). He added the name of Wells Fargo &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>) in the same breath.
Cramer premised his picks based on the fee income these banks generated rather than on the net interest income. Fees include income generated from equity and debt underwriting, as well as advisory and asset &amp; wealth management fees. Net interest income, on the other hand, is the difference between the money the banking operation receives on the loans it extends and the money it owes to its depositors.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">When you read through all the big bank quarters so far you like GS and MS so much because of the fees, not the net interest income. Same with Wells Fargo, which had a very good quarter. Big boost in fees
&mdash; Jim Cramer (@jimcramer) <a href="https://twitter.com/jimcramer/status/1780505158616588775?ref_src=twsrc%5Etfw">April 17, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/money/best-bank-stocks">Best Bank Stocks</a>
Why It&#8217;s Important: The Fed funds rate, which is used as a benchmark to fix various interest rates, is now at a 22-year high of 5.25%-5.50%. This is positive for the net interest income of banks.
The net interest income&#8217;s health also hinges on the provisioning a company sets aside for credit losses. 
For Goldman, which reported a stellar quarter, non-interest revenue rose 21% year-over-year and 26% quarter-over-quarter. Net interest income, meanwhile, was down 10% year-over-year and up 20% sequentially.
JPMorgan Chase &amp; Co., Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>), <a href="https://www.benzinga.com/news/earnings/24/04/38219142/whats-going-on-with-jpmorgan-shares-today">which did not appease the Street with its earnings,</a> did report a double beat. Much of the upside was from higher interest income, facilitated by higher rates and larger loan balances stemming from its First Republic Bank takeover.
After taking a dovish stance immediately after the March Federal Open Market Committee meeting, Jerome Powell has reverted to his hawkish stance. In a speech on Tuesday, he said the restrictive rates should persist as long as the inflation remained above the 2% upper ceiling set by the central bank.
The futures market, however, is pricing in a 67.3% possibility of a rate cut in the September meeting.
The iShares U.S. Financials ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IYF#NYSE">IYF</a>) ended Tuesday&#8217;s session down 0.68% at $88.39, according to <a href="https://benzinga.grsm.io/lxquj26b2sag">Benzinga Pro data. </a>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38280369/financial-stocks-fall-after-earnings-major-banks-notch-4-day-losing-streak-regional-banks-hit-lowes">Financial Stocks Fall After Earnings, Major Banks Notch 4-Day Losing Streak: Regional Banks Hit Lowest Level Since Late 2023</a>
Image Via Shutterstock

iShares Dow Jones US Financial Sector Index Fund

Jim Cramer Says He Likes Earnings From These Big Banks 'So Much' — Here's Why

In a move to bolster record-keeping and address security vulnerabilities, the U.S. Securities and Exchange Commission (SEC) has banned the use of third-party messaging apps and texting on its employees&#8217; work phones. This decision aligns the SEC&#8217;s internal practices with the standards it imposes on the financial industry.
What Happened: The SEC&#8217;s new policy follows the imposition of approximately $3 billion in fines on financial firms for inadequate record-keeping of work-related communications on mobile devices and apps like Signal and Meta Platforms Inc.'s WhatsApp, <a href="https://www.bloomberg.com/news/articles/2024-02-09/sec-fines-16-financial-firms-in-latest-whatsapp-probe-penalties">reported</a> Bloomberg.
Earlier this year, a security breach involving one of the SEC&#8217;s social media accounts prompted this decision. The agency has now limited access to third-party messaging applications, including SMS and iMessage texts, to reduce the risk of system compromise and enhance record-keeping, according to an SEC spokeswoman.
See Also: <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38218347/jim-cramer-says-he-would-sell-this-tesla-chinese-rival-after-stock-lost-over-47-in-?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Jim Cramer Says He &#8216;Would Sell&#8217; This Tesla Chinese Rival After Stock Lost Over 47% In 2024</a>
Wall Street has been forced to reconsider how employees communicate on business matters using mobile phones due to this regulatory scrutiny. The Commodity Futures Trading Commission (CFTC) is also reportedly contemplating a similar measure for its staff.
Why It Matters: The SEC&#8217;s cybersecurity practices have been under scrutiny in recent months. In January, the regulator&#8217;s X account was compromised via a <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36726433/sec-reveals-twitter-account-hack-tactics-which-led-to-fake-spot-bitcoin-etf-announcement">staffer&#8217;s agency-issued phone</a>, leading to a fake post that briefly surged the price of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). This incident highlighted that even a regulator with an assertive stance on cybersecurity requirements isn&#8217;t immune.
For more context, in January, Elon Musk&#8216;s X confirmed the compromise of the <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36570467/elon-musks-x-confirms-sec-twitter-hack-that-sent-bitcoin-soaring-was-caused-by-lack-of-two">SEC&#8217;s X account</a>, attributing it to a lack of two-factor authentication. 
The SEC later revealed that the fake tweet announcing the approval of spot Bitcoin ETFs was the result of a &#8220;SIM swap&#8221; attack. The FBI investigated the hack, <a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36583935/sec-confirms-fbi-investigation-into-its-twitter-account-hack-after-false-bitcoin-etf-annou">coordinating with the SEC</a> to probe the matter.
Read Next: <a href="https://www.benzinga.com/markets/equities/24/04/38257664/delta-flight-returns-to-atlanta-after-takeoff-boeing-757-yawing-aggressively?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Delta Flight Returns To Atlanta After Takeoff: Boeing 757 &#8216;Yawing Aggressively&#8217;</a>
Image Via Shutterstock 
<div style="font-family: 'Lato', sans-serif">
<hr style="border: 0;height: 5px;background: #225aa9" />
<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
 </div>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Global

Tech

$BTC

SEC Learns From Mistakes: Months After Bitcoin ETF Hoax On X, Agency Bans Whatsapp, Signal And Other Texting Apps On Work Phones

The commercial real estate industry continues to reel from the impacts of remote work <a href="http://benzinga.com/analyst-ratings/analyst-color/24/04/38219988/economists-warn-feds-inflation-battle-could-trigger-recession-have-to-increase-the-">and escalating inflation.</a>
Elevated interest rates and a widespread trend toward reducing office space across various industries have left the sector facing unprecedented amounts of vacant office space.
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38273192/goldman-sachs-boasts-near-perfect-q1-results-5-analysts-zero-in-on-core-strengths">On an earnings call on Monday</a>, Goldman Sachs Group Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) CEO David M. Solomon mentioned the poor state of commercial real estate as one of the main factors slowing U.S. growth, along with continuing concerns about inflation and escalating geopolitical tensions.
The sector has become especially sensitive to speculation around interest rates. Last month, a hint of rate cuts by the Fed <a href="https://www.benzinga.com/real-estate/reit/24/03/37882885/10-real-estate-stocks-move-on-thursday-fed-rate-cut-possibility-sparks-rally-for-troubled-sector">had several stocks and funds jump through the roof</a> in a show of volatility that's unknown to a sector normally praised for offering stability against riskier markets.
Just days later, S&amp;P Global Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPGI#NYSE">SPGI</a>) <a href="https://www.benzinga.com//node/37950136">decided to downgrade five regional banks</a> based on risks associated with the unstable commercial real estate market.
Operational shifts for big tech companies are partly fueling the commercial real estate slump. The change to remote or hybrid work, which has become the new status quo in the tech sector after the strike of COVID-19, has left many companies juggling more office space than they need.
That's added to a massive trend of layoffs which continued to be common practice in<a href="https://www.benzinga.com/markets/equities/24/01/36874447/tech-layoffs-up-over-300-month-over-month-in-january-3-companies-with-the-most-employees-laid-of"> the tech sector during the first quarter of 2024</a>, after a slight downtick during the second half of 2023.
Late last month, Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) said it plans to cut $1.3 billion <a href="https://www.benzinga.com/news/24/03/37983953/amazons-strategic-real-estate-plan-to-reduce-vacancy-rate-and-enhance-workspace-efficiency">by reducing office space and ending leases early</a>. The tech behemoth faces a 33.8% vacancy rate in its offices after laying off over 27,000 employees in 2022 and 2023.
According to a Wall Street Journal <a href="https://www.wsj.com/real-estate/commercial/big-tech-is-downsizing-work-space-in-another-blow-to-office-real-estate-67b4685c?mod=hp_featst_pos3">report</a>, Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) is subleasing some of its Silicon Valley office space, while Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) has reduced leases for its own office space. The Facebook owner has been slashing office space all around the globe this year, <a href="https://www.benzinga.com//node/37024306">including in locations like Singapore</a> and <a href="https://www.benzinga.com//node/34900681">London</a>. Meanwhile, Salesforce Inc's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) SEC filings show that the company is using half the office space it was using one year ago in the San Francisco area.
Read also: <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/04/38278182/powell-delays-fed-rate-cuts-we-need-greater-confidence-in-inflation-2-year-yields-spik">Powell Delays Fed Rate Cuts—&#8217;We Need Greater Confidence In Inflation&#8217;; 2-Year Yields Spike To 5%</a>
The pullback from tech is proving especially painful for the real estate sector when it adds losses from other common office-dwelling sectors, including law firms and financial companies.
By January, a Moody's Analytics report put the average<a href="https://www.benzinga.com/markets/equities/24/01/36542862/empty-spaces-us-office-vacancies-rise-to-highest-levels-in-four-decades"> vacant office space in large cities around the country at 19.6%</a>, the highest it's been since 1979.
Several cities are showcasing extreme levels of office vacancy these days, with San Francisco at a record of 36.7%, compared to just 3.6% before the pandemic. The void is more noticeable in cities associated with the tech industry, including Seattle, New York and Austin. In Seattle, office property transactions <a href="https://www.benzinga.com/news/financing/24/02/37134484/seattles-office-space-dives-98-7-dip-reflects-tech-storm-hybrid-shifts">declined in 2023 a staggering 98.7% year-over-year</a> after almost 45,000 employees were laid off in the area.
On Wells Fargo &amp; Co&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WFC#NYSE">WFC</a>)<a href="https://www.benzinga.com//node/38219378"> Q1 call last week,</a> CEO Charles W. Scharf said that commercial real estate revenue was down 7% from the previous year, impacted by lower loan demand in that sector.
Yet the executive added that the sector, which is primarily made up of office space, didn't experience significant changes when compared to the last quarter of 2023.
Vanguard Real Estate Index Fund ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNQ#NYSE">VNQ</a>), by far the largest real estate ETF by assets under management, is down almost 11% since January, with a 5% drop in the last five days.
Schwab US REIT ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHH#NYSE">SCHH</a>) and Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) present very similar trajectories.
However, it's not all bad news for investors in the space. Blackstone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) President Jon Gray recently said this could be the right time to<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37719939/is-it-time-to-buy-the-commercial-real-estate-dip-the-worlds-biggest-private-equity-"> "buy the dip" on the real estate plunge</a>. The asset manager is optimistic about the long term future of commercial real estate when considering that the Fed will sooner or later have to reduce rates.
Once that happens, the diminished supply of new developments following this slowdown, combined with cheaper cost of borrowing, could kickstart the industry upwards once more.
Now read: <a href="https://www.benzinga.com/markets/equities/24/04/38277243/stocks-grapple-with-geopolitical-pressures-gold-eyes-2-400-bitcoin-falls-below-62-000-whats-driv">Stocks Grapple With Geopolitical Pressures, Gold Eyes $2,400, Bitcoin Falls Below $62,000: What&#8217;s Driving Markets Tuesday?</a>
Image generated using artificial intelligence via Midjourney.

Specialty ETFs

ETFs

Real Estate

AMZN

GOOG

GOOGL

SCHH

SPGI

XLRE

Tech Layoffs, Remote Work Push Office Vacancies To 19.6%, Highest Since 1979

The Goldman Sachs Group, Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) first-quarter 2024 earnings per share of $11.58 surpassed the Zacks Consensus Estimate of $8.54. Also, the bottom line increased 16.3% from the year-earlier quarter. 
Shares of the company gained 4.02% in the pre-market trading on an earnings beat. Investors seem to be bullish on the stock because of higher revenues reported in the quarter. 
Goldman&#39;s results have benefited from the strength in the consumer banking and investment banking business, along with improved fee income. However, increased expenses and provisions were the undermining factors. 
Net earnings of $4.13 billion rose 27.8% from the prior-year quarter. Our estimate for the metric was pegged at $2.96 billion.
<h3>Quarterly Revenues Increase</h3>
Net revenues for the quarter of $14.21 billion increased 16.3% from the year-ago quarter. Also, the top line surpassed the Zacks Consensus Estimate of $12.89 billion. 
Total operating expenses increased 3% year over year to $8.66 billion. Our estimate for the metric was pinned at $9.12 billion. The year-over-year rise in expenses was mainly due to increased compensation and benefit costs, along with higher transaction-related costs, as well as incremental expenses for the FDIC special assessment fee. This was partially offset by lower impairments related to consolidated real estate investments. 
Provision for credit losses was $318 million against a net provision benefit of $171 million in the first quarter of 2023.
<h3>Quarterly Segmental Performance Improves</h3>
The Asset &amp; Wealth Management division generated revenues of $3.79 billion in the reported quarter, up 17.8% year over year. Our estimate for the metric was pegged at $4.04 billion. The improvement was driven by higher management and incentive fees, equity investments and a rise in revenues from private banking and lending. 
Firmwide assets under supervision were a record $2.85 trillion, up from $2.67 trillion reported in the prior quarter. 
The Global Banking &amp; Markets division has recorded revenues of $9.73 billion, which increased 15.2% year over year. Our estimate for the metric was $7.83 billion. The improvement was due to an increase in the investment banking business (up 12%), higher revenues in FICC (up 10%), along with a rise in equities revenues (up 10%). 
The Platform Solutions division&#39;s revenues were $698 million, up 23.8% year over year. Our estimate for the metric was $1.13 billion. The jump was driven by higher revenues from consumer platforms.
<h3>Capital Ratios: Mixed Bag</h3>
As of Mar 31, 2024, the standardized Common Equity Tier 1 capital ratio was 14.7%, up 14.4% on a sequential basis. The company&#39;s supplementary leverage ratio was 5.4%, down from the previous quarter&#39;s 5.8%.
<h3>Capital Deployment Update</h3>
In the first quarter of 2024, Goldman returned $2.43 billion of capital to common shareholders. This included $1.50 billion in share repurchases and common stock dividends of $929 million.
<h3>Our View</h3>
While Goldman&#39;s well-diversified business will ensure earnings stability going forward, macroeconomic uncertainty and recessionary fears will likely weigh on its financial performance. Strength in the consumer banking and investment banking business is a tailwind. Active client engagement, and a solid position in announced and completed mergers and acquisitions globally are likely to act as tailwinds. However, increased expenses and provisions remain a concern.
<div class="chart_embed">
<h3>The Goldman Sachs Group, Inc. Price, Consensus and EPS Surprise</h3>
&nbsp;
<a href="https://www.zacks.com/stock/chart/GS/price-consensus-eps-surprise-chart?icid=chart-GS-price-consensus-eps-surprise-chart"><img alt="The Goldman Sachs Group, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/19/1713191659.png" style="height:265px; width:589px" title="" /> </a>
The Goldman Sachs Group, Inc. price-consensus-eps-surprise-chart | The Goldman Sachs Group, Inc. Quote
</div>
Currently, Goldman carries a Zacks Rank #3 (Hold).
<h3>Performance of Other Big Banks</h3>
Citigroup Inc.&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/c#NYSE">C</a>) first-quarter 2024 net income from continuing operations per share of $1.58 surpassed the Zacks Consensus Estimate of $1.13. However, the metric declined 28% from the year-ago quarter. 
Citigroup witnessed declines in total loans and deposits in the quarter. Also, a decline in revenues and deteriorating credit quality are near-term woes. 
Wells Fargo &amp; Company&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/wfc#NYSE">WFC</a>) first-quarter 2024 adjusted earnings per share of $1.26 surpassed the Zacks Consensus Estimate of $1.10. The adjusted figure excludes the impacts of expenses from the FDIC special assessment. In the prior-year quarter, the company reported earnings per share of $1.23. 
WFC&#39;s results benefited from higher non-interest income. An improvement in capital ratios and a decline in provisions were other positives. However, the decrease in net interest income and loan balances and an increase in expenses were the undermining factors.
<a href="https://www.zacks.com/stock/news/2255584/goldman-gs-q1-earnings-beat-estimates-revenues-rise-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2255584">To read this article on Zacks.com click here.</a>

Earnings

Earnings Beats

Goldman Q1 Earnings Beat Estimates, Revenues Rise Y/Y

HSBC analyst Saul Martinez maintains Goldman Sachs Gr (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>) with a Buy and raises the price target from $460 to $470.

Price Target

HSBC Maintains Buy on Goldman Sachs Gr, Raises Price Target to $470

HSBC Holdings, Plc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSBC#NYSE">HSBC</a>) shares are <a href="https://www.benzinga.com/movers" target="_blank" rel="noreferrer noopener">sliding on Tuesday.</a>
Amid a decline in dealmaking across the region, the company has reportedly initiated a fresh wave of job cuts at its Asia investment bank, Bloomberg&nbsp;<a target="_blank" href="https://www.bloomberg.com/news/articles/2024-04-16/hsbc-cuts-a-dozen-investment-bankers-in-asia-on-deals-slump?sref=TBDibEcD" rel="noreferrer noopener">reported</a>.
On Tuesday, the London-headquartered lender reduced its workforce by approximately a dozen bankers within its investment banking division in Asia, the report read.
HSBC follows global counterparts like&nbsp;UBS Group AG&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>),&nbsp;Goldman Sachs Group, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GS#NYSE">GS</a>), and&nbsp;Citigroup, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/C#NYSE">C</a>) in implementing multiple rounds of job cuts in Asia amid declining stock sales and mergers.
In HSBC&#8217;s core markets of Hong Kong and China, dealflow is notably slow, reflecting challenges in the world&#8217;s second-largest economy as it grapples with post-pandemic uncertainties.
Earlier this month, HSBC&#8217;s head of global banking and markets, Greg Guyett, remarked that Hong Kong&#8217;s IPO market may not see recovery until the second half of the year, despite signs of investment flows rebounding in China.&nbsp;
Guyett also indicated that HSBC&#8217;s overall headcount for global banking and markets is likely to &#8220;continue to trend down&#8221; as the firm prioritizes leveraging technology to streamline operations.
HSBC has expanded its investment bank in Asia through regional hires in recent years, with job cuts relatively less severe compared to other Wall Street institutions, the report read.&nbsp;
The U.K. lender previously dismissed at least four Hong Kong-based bankers last year and trimmed its debt team in Hong Kong the year before.&nbsp;
Additionally, Guyett expressed interest in recruiting senior bankers with strong client relationships in other Asian hubs like Singapore and Mumbai, Bloomberg added.
Read Next:&nbsp;<a target="_blank" href="https://www.benzinga.com/markets/equities/24/04/38270560/joby-aviation-may-launch-flying-taxis-by-2025-whats-going-on" rel="noreferrer noopener">Joby Aviation May Launch Flying Taxis By 2025 &#8211; What&#8217;s Going On?</a>
Price Action: HSBC shares are trading lower by 2.28% to $39.65 on the last check Tuesday.
Image: Shutterstock/ sylv1rob1

Movers

General

HSBC

Why HSBC Holdings Shares Are Falling Today

Goldman Sachs Group Inc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) and other financial stocks have been in focus as some of the <a href="https://www.benzinga.com/news/24/04/38251666/first-quarter-bank-earnings-brought-the-revival-that-wall-street-needed">sector&rsquo;s biggest banks report first-quarter results</a>.
Here are some key analyst takeaways from Goldman Sachs&rsquo; release.
<ul>
<li>Argus Research analyst Stephen Biggar upgraded the rating to Buy, while keeping the price target unchanged at $465.</li>
<li>JPMorgan analyst Kian Abouhossein reiterated an Overweight rating, while raising the price target from $424 to $433.</li>
<li>BMO Capital Markets analyst James Fotheringham maintained a Market Perform rating, while lifting the price target from $349 to $360.</li>
<li>Keefe, Bruyette &amp; Woods analyst David Konrad reaffirmed an Outperform rating and price target of $485.</li>
<li>Oppenheimer analyst Chris Kotowski reiterated an Outperform rating and price target of $479.</li>
</ul>
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
Argus Research: Goldman Sachs&rsquo; first-quarter results demonstrated the &ldquo;considerable strengths&rdquo; of its franchise &ldquo;during an investment banking upturn,&rdquo; Biggar said in the upgrade note. The current spike in the investment banking environment &ldquo;appears to have staying power,&rdquo; he added.
Although the recent exit from several consumer businesses produced &ldquo;significant losses&rdquo; for Goldman Sachs, it removes a headline risk and &ldquo;allows management to refocus on core strengths in capital markets,&rdquo; the analyst wrote. He further stated that the consensus estimates for 2024 are likely to be revised &ldquo;considerably higher.&rdquo;
JPMorgan: Goldman Sachs reported strong quarterly results, with Equities continuing to gain market share, Abouhossein said in a note.
The analyst raised the earnings estimates for 2024 and 2025 from $32.54 per share to $34.88 per share and from $34.69 per share to $36.75 per share, respectively, citing &ldquo;higher revenues, lower provisions only partly offset by higher costs.&rdquo; He also raised the 2024 share buyback forecasts to $3.75 billion.
BMO Capital Markets: Goldman Sachs&rsquo; core earnings of $11.49 per share came ahead of the consensus of $8.69 per share, with &ldquo;higher-than-expected GB&amp;M revenues more than offset higher compensation costs and lower A&amp;WM contribution,&rdquo; Fotheringham said.
Keefe, Bruyette &amp; Woods: Goldman Sachs reported core revenues of $14.2 billion, ahead of the estimate of $12.7 billion, Konrad said. He added, however, that core expenses of $8.56 billion was higher than expected, due to higher revenue related compensation expenses.
&ldquo;Importantly, On-Balance sheet investments reduced $2.2B Q/Q,&rdquo; the analyst wrote.
Oppenheimer: Goldman Sachs delivered a &ldquo;near-perfect print,&rdquo; demonstrating its &ldquo;strong operating leverage to increased market activity,&rdquo; Kotowski said.
&ldquo;While Goldman cautions that its investment banking backlog fell in the quarter because of 1Q&#39;s strong transaction volumes, we do still think that private equity sponsors remain relatively inactive and that there is considerable upside to activity levels from here over time,&rdquo; he added.
GS Price Action: Shares of Goldman Sachs had declined by 0.57% to $398.59 at the time of publication on Tuesday.
Image: Shutterstock