Goldman Sachs Group stock price, GS

Goldman Sachs Group stock chart:



Goldman Sachs Group close price: 222.82

Stock price forecast:

UP TO +2.10%
Target: 227.49

Total forecasts: 81
Reached: 23 (28.40%)

Total Win: 75.41 (30.42%)

DaysForecastsReached%Reached points%InvestedUnreached%Total%
90822429.27%82.750.41%13,055.72-188.20-1.44%-105.45-0.56%
3031412.90%6.770.10%6,045.00-28.86-0.48%-22.09-0.32%
141500.00%0.000.00%3,342.300.000.00%0.000.00%
7800.00%0.000.00%1,782.560.000.00%0.000.00%

Showing 1-10 of 572 items.
Date of ForecastStock PriceTarget PriceForecast Reached Date
2017-05-29222.82227.480000-00-00
2017-05-28222.82228.080000-00-00
2017-05-27222.82228.410000-00-00
2017-05-26222.82228.610000-00-00
2017-05-25222.82227.290000-00-00
2017-05-24222.82228.510000-00-00
2017-05-23222.82231.320000-00-00
2017-05-22222.82232.810000-00-00
2017-05-21222.82232.320000-00-00
2017-05-20222.82232.640000-00-00

Goldman Sachs Group latest news:


  • 05/25/2017 12:00:19

    Appain shares soaring in company's debut on the Nasdaq

    Shares of Appian Corp. were soaring 36% midday Thursday after the software company's debut on the Nasdaq. Appian, which provides a software development platform for organizations, sold 6.25 million shares at $12 each to raise $75 million. Appian recorded revenue of $132.9 million in 2016, up from $111.2 million in 2015 on top of net losses of $12.5 million in 2016, wider than a net loss of $7 million in 2015. Appian has granted its underwriters a 30-day option to buy an additional 937,400 shares of common stock. Morgan Stanley, Goldman Sachs & Co and Barclays were the lead underwriters on the offering. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 05/23/2017 14:40:09

    Goldman, J.P. Morgan's stocks add 32 points to Dow industrials gain

    A climb in the Dow Jones Industrial Average on Tuesday was supported predominantly by a rally in banks shares, Goldman Sachs Group and J.P. Morgan Chase & Co. Combined, shares of the pair of bank giants contributed about 32 points to the the price-weighted Dow industrials . The blue-chip gauge ended 43 points higher, with Goldman and J.P. Morgan producing more than 74% of the heavy lifting. The broader stock market booked its fourth straight advance, coming after a tough stretch for stocks last week, highlighted by the worst decline in months on Wednesday. That drop was spurred by mounting doubts that President Donald Trump will be able to produce promises of tax cuts, a boost to infrastructure spending, and deregulation--factors which have vaulted equity benchmarks higher over the past several months. However, those proposals have come into question as Trump faces an FBI probe into his administration's ties to Russia. Still, the broad uptrend appears to be intact, with the S&P 500 index closing up 0.2% at 2,398, briefly reclaiming 2,400 intraday-- a level it was at prior to last Wednesday's rout, while the Nasdaq Composite Index closed less than 0.1% higher at 6,138.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 05/23/2017 14:02:12

    U.S. stocks extend gains for fourth day on strong financial shares

    U.S. stocks climbed for a fourth session on Tuesday, with the S&P 500 and the Dow logging their longest win streak since February, following the release of the White House budget proposal for 2018. Financial stocks were the big winners, thanks to big gains in Goldman Sachs Group and J.P. Morgan Chase & Co. . The S&P 500 rose 4 points, or 0.2%, to close at 2,398. The Dow Jones Industrial Average advanced 43 points, or 0.2%, to end at 20,938 and the Nasdaq Composite Index edged up 5 points to finish at 6,138.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 05/23/2017 13:12:57

    Goldman, J.P. Morgan's stocks add 40 points to Dow industrials gain

    A climb in the Dow Jones Industrial Average on Tuesday was being supported predominantly by a rally in banks shares, Goldman Sachs Group and J.P. Morgan Chase & Co. in late afternoon trade. Combined, shares of the pair of bank giants were adding about 40 points to the the price-weighted Dow industrials . The blue-chip gauge was up 59 points, with Goldman and J.P. Morgan producing more than 70% of the heavy lifting. The broader stock market is on track for its fourth straight advance, coming after a tough stretch for stocks last week, highlighted by the worst decline in months on Wednesday. That drop was spurred by mounting doubts that President Donald Trump will be able to produce promises of tax cuts, a boost to infrastructure spending, and deregulation--factors which have vaulted equity benchmarks higher over the past several months. However, those proposals have come into question as Trump faces an FBI probe into his administration's ties to Russia. Still, the broad uptrend appears to be intact, with the S&P 500 index up 0.3% at 2,400, reclaiming a level it was at prior to Wednesday's rout, while the Nasdaq Composite Index was 0.1% higher at 6,139.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 05/23/2017 09:16:23

    Oil services stocks fall after Goldman's downbeat rig count outlook, Helmerich & Payne downgrade

    Oil service stocks took a hit Tuesday, highlighted by the 4.3% selloff in Helmerich & Payne Inc. shares , after Goldman Sachs soured on the sector's valuations amid concerns that rig count growth will "flatten out" over the next few years. Analyst Waqar Syed cut H&P's rating to sell from neutral, and slashed his stock price target to $45, which is 21.5% below current levels, from $63. Syed said he believes rig count growth should plateau, after more than doubling over the past year, given budget constraints for exploration and production companies, the fact that pressure pumping capacity isn't keeping pace at which wells are being drilled and because of improving well productivity. As a result, Syed cut his stock price target on Nabors Industries Ltd. to $15.25 from $17.50, Halliburton Co. to $56 from $61, Schlumberger Ltd. to $87 from $90 and Weatherford International Ltd. to $5 from $6.50. The VanEck Vectors Oil Services ETF fell 0.5% in morning trade and has tumbled 17% year to date, while the S&P 500 was up 0.1% on Tuesday, and has gained 7.1% so far this year. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 05/22/2017 16:27:00

    Why Nutanix Inc. Jumped 14% Today

    Goldman Sachs upgraded the stock to a buy, with a target price nearly twice last week's closing.

  • 05/22/2017 15:04:17

    Hyatt shares tick lower as Goldman Sachs funds to sell large stake

    Hyatt Hotels Corp. shares ticked lower in the extended session Monday after the hotel operator said investment funds associated with Goldman Sachs Group Inc. are selling off a large chunk of shares. Hyatt shares declined 2.4% to $57.01 after hours on light volume. The company said that the funds are selling 4 million shares of Hyatt under a secondary offering and that Hyatt will not receive proceeds from the sale. Hyatt has 125.5 million shares outstanding.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 05/22/2017 10:28:51

    Nutanix's stock soars after Goldman Sachs turns bullish

    Share of Nutanix Inc. soared 11% in midday trade Monday, after Goldman Sachs turned bullish on the cloud computing company, saying the sharp selloff in the stock this year has provided an "attractive entry point" for new investors. Analyst Simona Jankowski raised her rating to buy, after starting coverage of the recent IPO at neutral on Oct. 25. After being one of the hottest IPOs of 2016, closing its second-day of trading at $44.46 on Oct. 3, or nearly triple the $16 IPO price, the stock tumbled to a low close of $14.46 on May 1, in the wake of a disappointing fiscal second-quarter earnings report and concerns over competition in the hyperconverged market, particularly following Hewlett Packard Enterprise Co.'s acquisition of SimpliVity. But Jankowski believes those concerns are overdone. "We view this as a very attractive opportunity to buy the leader in hyperconverged infrastructure, which we view as the biggest trend in IT since public cloud," Jankowski wrote in a note to clients. She said new accounting rules that allows Nutanix to recognize software revenue upfront, rather than deferring them, should also help boost the stock. The shares were still down 33% year to date, while the Nasdaq Composite has rallied 14% and the S&P 500 has gained 6.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 05/19/2017 17:11:03

    James Donovan Backs Out as Nominee for No. 2 Treasury Job

    The longtime banking and investment management executive at Goldman Sachs says he wants to focus on his family.

  • 05/18/2017 13:31:53

    In Tumult of Trump, Jon Corzine Seeks a Wall Street Comeback

    After a number of setbacks, the former New Jersey governor and Goldman Sachs executive is planning his next act: a hedge fund built for the Trump era.

  • 05/17/2017 14:09:30

    U.S. stocks post largest one-day drop in eight months

    The S&P 500 and Dow industrials on Wednesday posted their largest one-day decline since September as fears over the fallout from turmoil in Washington prompted investors to unload risky assets such as equities. Investors grew increasingly concerned that political turmoil in Washington would delay or prevent President Donald Trump's tax reforms and other fiscal stimulus measures. The selloff on Wall Street was broad-based, with investors fleeing to government bonds and defensive equities such as utilities and real estate. The Dow Jones Industrial Average shed 372.82 points, or 1.8%, to 20,606.93. The S&P 500 slumped 43.64 points, or 1.8%, to 2,357.03. The Nasdaq Composite Index lost 158.63 points, or 2.6%, to 6,011.24, its largest one-day decline since last June. The CBOE Volatility Index surged 40%, biggest one-day increase since last September. Financials were among the worst hit, with the sector down 3%, while nine of the 11 main sectors were down more than 1%. Goldman Sachs Group Inc. lost 5.5% while Bank of America sank 6%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 05/17/2017 13:20:33

    Rate-hike expectations recede as the stock market unravels

    Wall Street expectations for an increase in benchmarks interest rates next month by the Federal Reserve fell on Wednesday, as U.S. stocks suffered the worst daily drop in months on concerns President Donald Trump's pro-growth legislative agenda was in jeopardy. Federal-funds futures were indicating that the market was pricing in a 64.6% probability of a rate hike at the Fed's two-day meeting starting June 13-14. That is down from expectations as high as about 90% just last week and 74% on Tuesday, according to the CME Group's data. The current levels still imply a strong likelihood of a rate increase as the Janet Yellen's Fed aims to normalize monetary policy, but significantly lower. The downshift for the rate-hike outlook comes as so-called risk assets, notably stocks, are tumbling sharply, along with yields for government bonds. Reports alleging that Trump tried to influence an FBI probe into members of his presidential campaign and Russia by requesting that then-director of the Federal Bureau of Investigation, James Comey, end an investigation into former National Security Adviser Michael Flynn has intensified doubts that the president will be able to implement a host of market-friendly policies that had been at the heart of the runup in risk assets in recent months. The Dow Jones Industrial Average was off 1.5% at 20,661, putting it on pace to log its worst one-day drop in eight months. The S&P 500 index and the Nasdaq Composite Index also were on track for their sharpest declines since September. Financial stocks have been at the center of Wednesday's storm with shares of Goldman Sachs Group Inc. and J.P. Morgan Chase & Co. cutting more than 100 points from Dow, combined. Lower interest rates can undercut a bank's lending model. The yield on government bonds have been near their lowest levels in three weeks, with the 10-year Treasury note [BX:TMUBMUSD10Y] yielding 2.22%. Yields, which move inversely to prices, tend to fall in times of uncertainty and as expectations for rate hikes decline. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 05/17/2017 12:55:11

    Goldman, J.P. Morgan slash more than 100 points from Dow as market sells off

    A steep fall in the Dow Jones Industrial Average on Wednesday was being driven primarily by share declines in Goldman Sachs and J.P. Morgan Chase. The pair of financial firms' combined loss on the day was cutting more than 100 points from the blue-chip gauge. Financials were suffering the worst hit in Wednesday's broad-market downturn. The sector--on promises of deregualation and tax cuts--had been among the best performers following the surprise election of President Donald Trump back in November. Trump's recent woes, including reports that he allegedly asked the then-director of the Federal Bureau of Investigation, James Comey, to halt an investigation into former National Security Adviser Michael Flynn, was weighing on investor sentiment. Comey was fired last week amid an investigation Trump officials', including Flynn's, ties to Russia during the presidential campaign. The Dow was on track for its worst one-day decline since Sept. 9, while the S&P 500 index and the Nasdaq Composite Index also were on pace for their steepest daily slide since around September. Dow components, Goldman's stock was down 5.3%, contributing more than 80 points to the Dow's tumble, while J.P. Morgan Chase & Co.'s share decline was cutting more than 20 points from the equity benchmark. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 05/17/2017 08:01:07

    Financials tumble in biggest one-day drop in April as political uncertainty weighs

    Shares of financial companies dropped on Wednesday, leading the overall market's decline as political turmoil intensified, weighing on investor sentiment. The Financial Select Sector SPDR ETF fell 1.8% in its biggest one-day drop since late March. It was by far the biggest decliner among the largest sector-tracking exchange-traded funds. Among the most actively traded stocks in the sector, Goldman Sachs Group Inc. sank 2.1% while Bank of America Corp. lost 3.3%. Citigroup Inc. fell 1.8% while J.P. Morgan Chase & Co. shed 2.1%. Among other financial ETFs, the SPDR S&P Bank ETF lost 2.3% while the regional equivalent fell 2.5%. The sector has been one of the biggest beneficiaries to the so-called "Trump rally," climbing on hopes that President Donald Trump would deregulate the industry and push through other initiatives that were seen as supportive to the sector's profits. Getting such legislation may be less likely in the current environment, as Trump faces controversy for his recent firing of the then-director of the Federal Bureau of Investigation, who had been investigating Trump's former-national security adviser.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 05/12/2017 06:41:58

    Goldman upgrades Tiffany on resurgence in luxury

    Tiffany & Co. was upgraded to buy from neutral at Goldman Sachs based on the company's exposure to a resurgence in luxury retail. Goldman analysts say the luxury boost is from increases in tourist spending and a "firming" high-end shopper in the U.S., driven by higher consumer net worth and equity market values. "This momentum is evident in a healthy first-quarter acceleration in sales growth reported by luxury peers, which has historically been a good coincident indicator for Tiffany comp sales," the Friday note said. Goldman's Lindsay Drucker Mann also thinks Tiffany could create free-cash flow through operational improvements like better inventory turnover. New leadership, including three new board members and a new chief executive, with previous CEO Mike Kowalski serving in the interim, could be a catalyst for new strategies. Tiffany shares are unchanged in Friday premarket trading, but up 38.7% for the past year. The S&P 500 index is up 16% for the last 12 months.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 05/11/2017 11:57:32

    UPDATE 1-Goldman Sachs to launch new 'dark pool' for stocks on Friday

    NEW YORK, May 11 (Reuters) - Goldman Sachs Group Inc will launch a new private stock-trading venue, known as a "dark pool," on Friday, that is run by exchange operator Nasdaq Inc , according to a note to clients obtained by Reuters.

  • 05/11/2017 09:48:04

    Goldman Sachs to launch new 'dark pool' for stocks on Friday

    NEW YORK (Reuters) - Goldman Sachs Group Inc will launch a new private stock-trading venue, known as a "dark pool," on Friday, that is run by exchange operator Nasdaq Inc , according to a note to clients obtained by Reuters.

  • 05/09/2017 14:10:17

    Nasdaq closes at its 30th record for 2017, but Dow, S&P 500 limp lower

    The Nasdaq Composite on Tuesday booked its 30th record close of 2017, but the broader market ended in the red as a slump in oil and rumors of rising geopolitical tensions prompted assets to mount a late-session slide. The Nasdaq Composite Index closed up 0.3% at 6,120, while the S&P 500 index ended off about 0.1% at 2,396 and the Dow Jones Industrial Average closed down 0.2% at 20,975, weighed by a slide in Chevron Corp. and Goldman Sachs Group Inc. . Those Dow components combined to cut nearly 20 points from blue chips. Equity markets were hobbled by a downturn in U.S. crude-oil prices , which fell by 1.2%, to settle at $45.88 a barrel, ending two days of gains for the commodity. Reports that North Korea's ambassador to the United Kingdom said his country will go ahead with its sixth nuclear test, threatening to intensify tensions between Pyongyang and the U.S., nudged stocks to sessions lows before paring those declines. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 05/08/2017 10:12:19

    Goldman names Lemkau, Nachmann to co-head investment banking

    (Reuters) - Goldman Sachs Group Inc named M&A co-head Gregg Lemkau and financing group chief Marc Nachmann as co-heads of the firm's global investment banking division, according to an internal memo on Monday.

  • 05/08/2017 08:04:10

    Micron Technology shares slide 2% as Goldman downgrades to neutral

    Shares of Micron Technology Inc. slid 2% Monday, after Goldman Sachs downgraded the stock to neutral from buy after the stock's strong gains since February 28. That was the date Goldman added it to its Americas Buy List, a call made at a time when Goldman's estimates for the company were well above the Street consensus. "Street estimates for FY17/18 have increased by 70% and 72%, respectively, on better memory prices and margins, and while our FY17E EPS estimate is still 5% above the Street, our FY18 EPS estimate is now 23% below," analyst Mark Delaney wrote in a note. Goldman lowered its price target on the stock to $30 from $32. Delaney said he believes the DRAM upturn is in the mid to late stages and said channel checks suggest it is expected to slow. Shares have gained 26% in 2017, while the S&P 500 has gained 7%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 05/03/2017 06:44:22

    Goldman upgrades McDonald's on confidence in same-store sales improvement

    McDonald's Corp. was upgraded to buy from neutral at Goldman Sachs on Wednesday based on confidence that same-store sales will improve. The price target was raised to $153 from $126. Goldman says positive consumer reviews for the "Experience of the Future" could drive sales and excitement to push same-store sales higher. There's also a clearer timeline for when the upgrades will roll out. The "Experience of the Future" includes mobile ordering, self-ordering kiosks, and other features. The McDonald's app will also facilitate personalized offers and improved customer reviews. Expanded delivery service could also potentially drive upside. The one remaining issue was the fast-food chain's value offers, which were "confusing" and needed greater emphasis on price point. Goldman said McDonald's is finding a solution, which includes more regional value. McDonald's shares are up 0.6% in premarket trading, and up 16% for the year to date. The Dow Jones Industrial Average is up 6% for 2017 so far.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 05/01/2017 11:32:06

    Bank stocks rebound from fleeting retreat, even as Trump said to consider break-up rule

    Bank stocks briefly fell, then recovered, on the heels of a news report indicating that President Donald Trump is weighing a break-up of the country's largest financial institutions and re-installation of a policy that would separate a banks' consumer-lending and investment-banking businesses. "I'm looking at that right now," Trump told Bloomberg in an interview the Oval Office. A popular way to invest in the banking sector, the Financial Select SPDR Fund pulled off its highs of the session but bounced back, recently trading up 0.7%. Shares of J.P. Morgan Chase & Co. were up 0.5%, as were shares of Goldman Sachs Group Inc. , considered a pure-play investment-banking franchise. Goldman's shares were rising 0.7% in recent trade. Members of Trump's administration have suggested that the president might push to reimpose a version of the so-called Glass-Steagall rule, which was repealed by then-President Bill Clinton in 1999. Some blame the repeal of the rule and the sprawling scale of banks like Citigroup and Bank of America for the severity of the 2008 financial crisis. Meanwhile, the S&P 500 index was rising 0.3% at 2,390, while the Dow Jones Industrial Average traded flat at 20,940.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 04/27/2017 12:46:03

    Goldman hopes high rates will lure consumers to online bank

    (Reuters) - Goldman Sachs Group Inc plans to promote its high-interest bearing deposit products in a marketing push to consumers later this year as it looks to grow its online bank, Chief Strategy...

  • 04/26/2017 15:03:34

    BRIEF-Goldman Sachs files certain exhibits pursuant to its shelf registration

    * Goldman Sachs files certain exhibits pursuant to its shelf registration related to issue of 2.433pct fixed/floating rate notes due 2023 of C$750 million Source text:(http://bit.ly/2pmRTBV) Further company coverage:

  • 04/25/2017 09:13:14

    Caterpillar, McDonald's, Goldman contribute more than half of Dow's 200-point rally

    The Dow Jones Industrial Average enjoyed a triple-digit rise, with the bulk of the advance coming from the top four of its 30 components. Shares of Caterpillar Inc. were contributing about 45 points, McDonald's Corp's rise added about 40 points, Goldman Sachs Group Inc. contributed about 30 points, while the DuPont Inc. added roughly 15 points to the blue-chip benchmark. The gains from that quartet of companies make up more than half of the price-weighted Dow's 230-point rise in early Tuesday action, and follow healthy quarterly reports from most of those names. Caterpillar DuPont {s: DD] and McDonald's reported quarterly results on Tuesday that topped Wall Street estimates. Goldman, meanwhile, reported results last week that disappointed investors' expectations, but the investment bank is benefiting from the anticipation of higher interest-rates ahead as improving economic sentiment bolsters expectations that the Federal Reserve will lift interest rates--a boon for bank shares. The S&P 500 index also was climbing, up 0.6%, at 2,388 and the Nasdaq Composite Index marked a milestone: surpassing the psychologically important level of 6,000 for the first time. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 04/24/2017 14:01:32

    JPMorgan, Goldman Sachs Drive DJIA Higher Monday


  • 04/24/2017 06:36:34

    UPDATE: Amazon's stock could soar 40% to reach Wedbush's new Street-high target

    Shares of Amazon.com Inc. rallied 1.2% in premarket trade Monday, after Wedbush Securities analyst Michael Pachter boosted his stock price target to $1,250, which is now the highest among the 46 analysts surveyed by FactSet, citing expectations of continued "substantial earnings growth." Pachter's new target, up from $900, is 39% above Friday's closing price of $898.53. The stock traded at $909 ahead of the open, just below the April 5 record close of $909.28. "Amazon appears intent upon growing annual profits (with some quarterly volatility), which we expect to continue as the company invests in growth," Pachter wrote in a note to clients. "Amazon Web Services (AWS) should be the growth engine, with its gross and operating margins expanding rapidly." He said margin expansion could be tempered by spending on video content, fulfillment and international expansion. Separately, Goldman Sachs analyst Heath Terry raised his stock price target to $1,100 from $1,000, citing expectations of revenue acceleration. Amazon is scheduled to report first-quarter results after Thursday's closing bell. The stock has soared 20% year to date, while the S&P 500 has gained 4.9%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 04/20/2017 14:01:41

    American Express, Goldman Sachs Dominate DJIA on Thursday


  • 04/20/2017 08:24:14

    Goldman's stock is 'oversold' after post-earnings plunge, analyst says

    Shares of Goldman Sachs Group Inc.'s bounced 1.1% in morning trade Thursday, off a 4 1/2-month closing low hit in the wake of disappointing first-quarter results, after analyst Christopher Wheeler at Atlantic Equities said the recent weakness was overdone. He upgraded the stock to overweight, after being at neutral for the past four months. Wheeler pointed out that the banking sector has been selling off over the last month amid concerns about the speed at which President Donald Trump will be able to enact his pro-growth and anti-regulation policies. "However, the response to [Goldman's] earnings miss was quite pronounced with the shares trading off sharply and some quite dramatic rhetoric about the health of the franchise and management disruption following Gary Cohn's departure," Wheeler wrote. "We believe the stock is oversold and upgrade it to overweight." Cohn is currently director of the National Economic Council. Goldman's stock had plunged 4.7% on Tuesday after the earnings miss, and 0.7% on Wednesday to close at the lowest level since Nov. 29. It has now shed 6.9% over the past three months, while the SPDR Financial Select Sector ETF has tacked on 0.1% and the Dow Jones Industrial Average has gained 3.3%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

  • 04/19/2017 10:39:00

    Tax Reform by Year End will be 'Challenging,' Goldman Warns

    Tax reform, a highly-anticipated pillar of President Donald Trump’s policy agenda, will be “challenging” to accomplish before the end of the year, Goldman Sachs said Wednesday morning.

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