Earnings Expert Research - Goldman Sachs Group

LONDON, October 31, 2014 /PRNewswire/ --

Investor-Edge.com has issued free earnings research on The Goldman Sachs Group Inc. (NYSE: GS). On October 16, 2014, the company reported its financial results for Q3 FY14 (period ended September 30, 2014). Click on www.investor-edge.com/FreeReports to read our free earnings review on The Goldman Sachs Group Inc. (Goldman Sachs). During Q3 FY14, the company's net revenues and net earnings surged 25% and 48%, respectively, on a Y-o-Y basis, and diluted EPS increased $1.69 from the preceding year quarter. Our free coverage report can be accessed at:

www.investor-edge.com/register

Earnings Overview 

During Q3 FY14, Goldman Sachs reported net revenues of $8.39 billion, compared to $6.72 billion in the same period last year. The company's net revenues during the reported quarter outperformed Bloomberg analysts' forecast of $7.83 billion. The company's operating expenses for Q3 FY14 increased 12% to $5.08 billion, compared to $4.56 billion in the prior-year quarter. On the other hand, the company's net income broadened to $2.24 billion, or $4.57 per diluted share, in Q3 FY14, from $1.52 billion, or $2.88 per diluted share, in the same quarter last year. Analysts from Bloomberg had expected the company to report net income of $1.52 billion, or $3.19 per diluted share in Q3 FY14. The free research on GS can be downloaded as in PDF format at:

www.Investor-Edge.com/GSFreeReport

Goldman Sachs stated that it retained its leadership in investment banking, ranking first in worldwide announced and completed mergers and acquisitions as well as equity and equity-related offerings and common stock offerings for the year-to-date. In Q3 FY14, the company's assets under supervision surged to a record $1.15 trillion, with net inflows of $20 billion during that time period, including $13 billion in long-term assets under supervision.

Lloyd C. Blankfein, Chairman and CEO of Goldman Sachs, stated that a combination of improving economic conditions in the U.S. and a strong global franchise continued to drive client activity across the company's diverse set of businesses. He added that while conditions and sentiment can shift quickly, the strength of the company's transaction backlog indicates its clients' desire to pursue and execute their strategic plans for growth.

The company's Board of Directors announced on October 15, 2014 that its quarterly dividend has been raised to $0.60 per common share from $0.55 per share. All common shareholders of record on December 02, 2014, will be paid the dividend on December 30, 2014. During Q3 FY14, Goldman Sachs also repurchased a total of $1.25 billion of its common stock, or 7.1 million shares, at an average cost of $176.00 per share. Under the Company's existing repurchase program, the remaining share authorization is 32.0 million shares. Sign up and read the free analyst's notes on GS at:

www.Investor-Edge.com/GS-31102014

Stock Performance 

On the day of the earnings release, October 16, 2014, Goldman Sachs' stock ended the session at $172.58, losing 2.63% for the day but the stock has managed to recover some of its losses since then. On the last close, Thursday, October 30, 2014; it finished at $186.97, 0.48% above its previous day's closing price, after vacillating between $185.17 and $187.10. A total of 2.78 million shares were traded, which was close to its three months average volume of 2.80 million shares. Over the previous three trading sessions and last one month, the company's shares have advanced 1.66% and 1.85%, respectively. Also, the stock has gained 5.48% from the beginning of 2014. Shares in Goldman Sachs closed above their 50-day and 200-day moving averages of $181.35 and $169.39, respectively. Furthermore, the stock traded at a PE ratio of 9.88 and has a Relative Strength Index (RSI) of 58.39. Visit Investor-Edge and access the latest research on GS at:

www.Investor-Edge.com/GSEarningsCoverage

Sneak Peek to Corporate Insider Trading 

In the last one month, there were nine insider transactions made by two individuals associated with the company. On October 21, 2014, James A. Johnson, Director at Goldman Sachs, bought 6,000 shares of the company at a price of $131.64 per share and on the same day, he sold an equal number of shares at a price of $179.88 per share. Further, on October 21, 2014, Sarah E. Smith, Controller and Chief Accounting Officer of Goldman Sachs, sold 906 shares of the company at $180.00 per share. On the following day, October 22, 2014, she purchased 33,557 shares of the company at a price of $78.78 per share and disposed an equal number of shares at an average price of $179.72 per share by making five different transactions. Complimentary in-depth research on GS is available at:

www.Investor-Edge.com/GSInsiderTrading

About Investor-Edge.com 

At Investor-Edge, we provide our members with a simple and reliable way to leverage our economy of scale. Most investors do not have time to track all publicly traded companies, much less perform an in-depth review and analysis of the complexities contained in each situation. That's where Investor-Edge comes in. We provide a single unified platform for investors' to hear about what matters. Situation alerts, moving events, and upcoming opportunities.

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