The Goldman Sachs Reports Q3 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/GS'>The Goldman Sachs Group, Inc. (NYSE:GS)</a> reported its Q3 results, with EPS of $8.25 coming in better than the Street estimate of $7.80. Revenue was $11.98 billion, compared to the Street estimate of $11.37 billion.</p>
<p>The analysts at RBC Capital provided their views on the company following the results, reiterating their sector perform rating and $370 price target. </p>
<p>Performance relative to RBC’s estimate was primarily driven by stronger-than-expected performance in asset management, global markets and consumer & wealth management.</p>
<p>According to the analysts, the company is one of the preeminent global investment banks but even with its leading position, market conditions negatively impacted nearly all of its businesses. As the company navigates through these markets, the analysts expect it to continue to be a strong steward of shareholders' capital while simultaneously managing its capital levels to meet all regulatory requirements.</p>
<p>The analysts revised their 2022 and 2023 EPS estimates to $34.01 and $38.17 from $33.25 and $38.00, respectively, to reflect Q3 results.</p>

NYSE:GS