As financial markets brace for the latest earnings season, all eyes are on Goldman Sachs (GS, Financial) and M&T Bank (MTB) as they prepare to disclose their quarterly results before the opening bell on Monday.
Goldman Sachs, a leading global investment banking firm, is anticipated to report earnings with a consensus estimate of $12.27 per share. This report will provide insights into the firm's performance and strategic direction amidst challenging economic conditions.
Meanwhile, M&T Bank, a prominent regional bank, is expected to announce earnings with a consensus forecast of $3.40 per share. Investors and analysts will be closely monitoring the bank's results for indications of its financial health and future growth prospects in the evolving banking landscape.
These reports will be significant for investors as they assess the financial health and strategic plans of these key players in the banking sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 17 analysts, the average target price for The Goldman Sachs Group Inc (GS, Financial) is $612.00 with a high estimate of $760.00 and a low estimate of $538.00. The average target implies an upside of 24.17% from the current price of $492.88. More detailed estimate data can be found on the The Goldman Sachs Group Inc (GS) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, The Goldman Sachs Group Inc's (GS, Financial) average brokerage recommendation is currently 2.4, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for The Goldman Sachs Group Inc (GS, Financial) in one year is $450.92, suggesting a downside of 8.51% from the current price of $492.88. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the The Goldman Sachs Group Inc (GS) Summary page.
