Goldman Sachs Q2 Preview: Accelerating EPS Growth (Rating Upgrade)


  • Goldman Sachs is refocusing on investment banking and trading, yielding positive results with an impressive earnings beat in Q1 2024.
  • The bank’s strong deal flow and revenue growth in the investment banking sector, positions them well for future success and earnings growth.
  • Despite potential risks like rising credit defaults, Goldman Sachs’ focus on high-margin, asset-light revenue sources makes them a strong buy with room for share expansion.
  • I think the stock is set up well going into Q2 earnings, making it a strong buy.

Markets Open Ahead Of Federal Reserve"s Decision On Interest Rates

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Investment Thesis

Goldman Sachs (NYSE:GS) is returning back to their basic principles, turning their focus towards their deal making business (Investment Banking) and trading. So far, I believe they have been executing this well. This decision comes after a

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Noah Cox (account author) is the managing partner of Noah’s Arc Capital Management. His views in this article are not necessarily reflective of the firms. Nothing contained in this note is intended as investment advice. It is solely for informational purposes. Invest at your own risk.

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