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One Prominent Banking Sector Analyst Thinks Goldman Could Benefit From Asset Sales

August 5, 2023
in Trade Tube
Reading Time: 1 min read
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Goldman Sachs & Co. hasn’t outperformed banking sector stalwarts like Wells Fargo over the last 12 months — and after one analyst pitched breaking up JP Morgan, some sector watchers wondered if it could be time for the investment bank to sell a part of itself, instead. Today’s Chart of the Day has only posted gains of 4 percent over the last 12 months, but sector stocks could get a rise if low interest rates foster friendly lending and trading revenues come back online. Analysts are roughly expecting a match to last year’s $4.60 EPS for the quarter, but a turbulent fourth quarter has put banks’ revenue in question.

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