Published: Wed, April 19, 2017
Markets | By Erika Turner

Banks and other earnings — Business Watch

Banks and other earnings — Business Watch

"Sorry to give you a hard time on your first call", UBS analyst Brennan Hawken told Goldman Sachs' incoming CFO, Marty Chavez, before returning to ask a question about a popular topic. Jennison Associates LLC increased its position in shares of Goldman Sachs Group by 237.3% in the third quarter. The stock remains a Zacks Rank #2 (Buy), and company management remains confident in its current position. Shares of the company slid 2.2% to $221.21 in early trading at 7:44 NY.

Goldman Sachs's share price surged 32 percent from the USA presidential election through the end of past year on optimism Trump would usher in pro-growth economic policies, and as firm alumni including former President Gary Cohn took up key positions in the administration. Moreover, Narwhal Cap Mgmt has 1.29% invested in Goldman Sachs Group Inc (NYSE:GS) for 17,930 shares. Essex Investment Management Co.

Revenues rose 26.6 percent to $8.0 billion.

Shares of Goldman Sachs Group Inc (NYSE:GS) opened at 223.32 on Monday. The stock traded with the volume of 4.17 Million shares in the last trading session. If the $196.84 price target is reached, the company will be worth $6.90B less.

Bank of America clocked up a larger-than-expected profits rise, climbing 40% to 4.9 billion United States dollars (£3.8 billion) for the first quarter.

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The New York-based company said it had earnings of $5.15 per share. That unit saw 16% year-over-year revenue growth to $1.70 billion, and 15% sequential growth from Q4.

Revenue from investment banking was up 7% to just over $1.55 billion, with revenue from advising mergers climbing from just over $692 million and $879 million. During the same period in the prior year, the firm posted $2.68 EPS. Goldman Sachs Group's dividend payout ratio is 15.89%. The dividend will be paid on June 29 to common shareholders as of June 1. This represents a $2.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend was Tuesday, February 28th.

This Thursday, Oct. 15, 2015, photo shows the Goldman Sachs headquarters, in NY.

TRADEMARK VIOLATION NOTICE: "Honkamp Krueger Financial Services Inc". The correct version of this article can be viewed at 287.95 million shares or 5.61% more from 272.65 million shares in 2016Q3 were reported. The bank states that the high revenue in this area is due to a significant increase in net gains from investments in both private and public equities, which were positively impacted by corporate performance and an increase in global equity prices. Credit Suisse Group AG reaffirmed a "buy" rating on shares of Goldman Sachs Group in a research report on Friday, February 10th. Four investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and thirteen have issued a buy rating to the stock. (GS) now has a consensus Price Target of $250.63. The results sent the stock price plummeting, down by about 4.5%. 9,364,987 shares of the company's stock were exchanged. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Following the sale, the insider now owns 146,133 shares of the company's stock, valued at $35,099,685.27. COOPER EDITH W sold $991,013 worth of stock or 4,186 shares.

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