#4 - Goldman Sachs (NYSE:GS)
The Goldman Sachs Group, Inc. (NYSE: GS) makes this list even though it’s expected to take steps to make Marcus, its online banking unit, a less prominent part of the firm’s portfolio. Specifically, Goldman plans to issue fewer loans through the bank. But it has no plans to move away from its high-yield savings accounts.
That aside, Goldman Sachs has a Moderate Buy rating and a price target of $399.24 which is a 30% upside from the price of GS stock on March 17, 2023. Plus, the firm offers an attractive, and sustainable dividend with a current yield of 3.26% and an annualized payout per share of $10.
From a fundamental analysis perspective, Golman Sachs has an attractive P/E ratio of 10.2x and is expected to grow earnings at an average of 6% over the next five years.
About The Goldman Sachs Group
The Goldman Sachs Group, Inc, a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and relationship lending, and acquisition financing, as well as secured lending, through structured credit and asset-backed lending and involved in financing under securities to resale agreements.
Read More - Current Price
- $579.48
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 12 Buy Ratings, 8 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $569.31 (1.8% Downside)
