Goldman Sachs comes into this earnings season with the stock under pressure, down almost 20% over the past three months and slipping another 1.5% today, even after posting one of its strongest profit runs on record. The headline is simple: the bank is minting money, yet the share price is moving the other way.
Quarterly earnings per share of about US$17 and a return on equity near 19% put Goldman Sachs firmly in high gear for an investment bank of its size. That disconnect between rich profitability and a softer share price is the expectation gap you need to focus on now.
Love Goldman Sachs Group’s rich profitability but uneasy about a share price that keeps sliding anyway? Take a look at our 32 resilient stocks with low risk scores.
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