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Goldman Sachs Stock Rebounds Toward $1,045 as Deal Momentum Supports GS

Goldman Sachs Stock Rebounds Toward $1,045 as Deal Momentum Supports GS

TradingKey – Goldman Sachs opened today at $1,038, up approximately 3.34% at yesterday’s closing price of $1,037.93. The stock has rebounded from the $999 region and is entering the downtrend of the large symmetrical triangle. From an investing standpoint, Q2 delivered the most strength in a single trading and dealmaking quarter as well as many recent acquisitions in the asset management sector and a potentially game changing bank-sponsored stablecoin within the growth story. The real question is can Goldman Sachs clear $1,040-$1,045 and continue toward $1,057-$1,096.

Q2 Revenue and Profitability Were Exceptionally Strong

Goldman reported Q2 net revenue of $20.34 billion, up 39% from the prior corresponding period, and net earnings of…

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