GS

Goldman Sachs Group, Inc.

Finance/Real Estate


Presented:03/24/2020
Price:$153.60
Cap:$53.10B
Current Price:$522.38
Cap:$164.97B

Presented

Date03/24/2020
Price$153.60
Market Cap$53.10B
Ent Value$494.57B
P/E Ratio7.31x
Book Value$227.62
Div Yield2.99%
Shares O/S345.67M
Ave Daily Vol4,019,456
Short Int1.73%

Current

Price$522.38
Market Cap$164.97B
Goldman Sachs Group, Inc. engages in global investment banking, securities, and investment management, which provides financial services. It operates through the following business segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The Investment Banking segment serves public and private sector clients around the world and provides financial advisory services, help companies raise capital to strengthen and grow their businesses and provide financing to corporate clients. The Global Markets segment serves its clients who buy and sell financial products, funding and manage risk. The Asset Management segment provides investment services to help clients preserve and grow their financial assets. The Consumer & Wealth Management segment helps clients to achieve their individual financial goals by providing a wealth advisory and banking services. The company was founded by Marcus Goldman in 1869 and is headquartered in New York, NY.

Publicly traded companies mentioned herein: Goldman Sachs Group Inc/The (GS)

Highlights

The presenter is long shares of Goldman Sachs (GS) due to his belief that it is one of the highest quality financial services companies and that its earnings will remain resilient during the current volatile environment. Importantly, he notes that GS’s $153 share price yields a P/B value below that of 2008 despite being in an overall better position today, and he expects shares to revert back to the mean and appreciate to prior highs of $245 - $250. 

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Idea Discussion

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