Saturday, January 17, 2015

Update: Goldman Sachs Reports Q4'14 Earnings


Summary

  • Goldman Sachs reported Q4'14 earnings.
  • The stock remains a Strong Buy.
  • The original investment theory of solid yields and huge earnings remains intact.         

After the weak bank earnings this week, investors didn't expect much from Goldman Sachs (NYSE:GS) by the time it reported Friday morning. The bank actually beat estimates, though analysts greatly reduced these estimates from levels of a week ago. Even after the sell off this week, the stock is struggling to gain traction with it trading down around $2.00 mid-day. Again, investors appear more concerned about momentum instead of the valuation proposition of the financial institution.

Read the full update at Seeking Alpha. 


Disclosure: No positions mentioned. Please review the disclaimer page for more details. 




No comments: