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Goldman Sachs’ (NYSE: GS) inventory rallied nearly 40% in 2019, with the corporate’s share worth averaging simply above $221 for the 12 months. Regardless of this sturdy run, we imagine that the premier funding financial institution’s inventory nonetheless has some progress potential. Trefis particulars the important thing elements of Goldman Sachs’ valuation in an interactive dashboard, together with our forecast for full-year 2020. We estimate the honest worth of Goldman Sachs’ inventory to be $254 per share – roughly 5% larger than the present market worth. Our worth estimate takes into consideration the latest earnings in addition to the corporate’s steerage for the present fiscal 12 months.
Fiscal This fall 2019 Earnings Recap
- For This fall 2019, Goldman Sachs exceeded income expectations, though it missed the consensus earnings estimate primarily as a consequence of a $1.1-billion litigation cost.
- Complete revenues grew 23% y-o-y to $9.96 billion in This fall 2019 due to a 75% bounce in market making revenues pushed by a 63% enhance in FICC (Fastened Earnings, Foreign money & Commodity) buying and selling and an 82% progress in different principal transactions.
- Nevertheless, the constructive impression of a powerful buying and selling…