Street View: Goldman Sachs eyes growth in asset and wealth management amid market uncertainty
Goldman Sachs GS.N beat Q1 profit estimates as its traders capitalized on volatile markets to bring in record equities revenue, but the bank's CEO warned of a difficult environment ahead
Average recommendation of 22 brokerages is "buy", median PT is $585 - data compiled by LSEG
STRATEGICALLY GEARED FOR MARKET MASTERY
J.P. Morgan ("overweight," PT: $604) says GS is geared towards improving capital markets activity and expects co's focused strategy in Global Banking and Markets unit and Asset and Wealth Management divisions to result in better performance in 2025
Barclays ("overweight," PT: $720) expects higher revenues from asset and wealth management business and investment banking (IB) segment
RBC Capital Markets ("sector perform," PT: $560) says GS has intensified its efforts to build consistent revenue streams by expanding its wealth and asset management fees, as well as its private banking and lending businesses
KBW ("market perform," PT: $585) says continued economic uncertainty and widening credit spreads may hold back revenue growth near term
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