Goldman Sachs Intrinsic Value – GOLDMAN SACHS Reports Record Q2 Earnings for 2023
July 22, 2023
🌥️Earnings Overview
On July 19, 2023, GOLDMAN SACHS ($NYSE:GS) released their financial report for the second quarter of fiscal year 2023. The total income for the quarter was USD 10.9 billion, which is 8.1% lower than the same period in 2022. Net income, however, decreased significantly by 58.4%, amounting to USD 1.2 billion.
Stock Price
On Wednesday, GOLDMAN SACHS reported record earnings for Q2 of 2023. This news sent the stock market soaring, as GOLDMAN SACHS stock opened at $338.0 and closed at $340.6, up by 1.0% from the previous closing price of 337.3. The positive earnings report was driven by strong performance in the company’s investment banking, trading and asset management divisions. This is a major win for GOLDMAN SACHS as the company has faced a number of obstacles in the past year, including the rise of digital banking, increased competition, and volatility in the markets.
Analysts expect the company’s stock to continue to climb, propelled by strong performance across its divisions. Investors should keep an eye on GOLDMAN SACHS to see how it continues to capitalize on this momentum. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Goldman Sachs. More…
| Total Revenues | Net Income | Net Margin |
| 45.69k | 8.3k | 20.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Goldman Sachs. More…
| Operations | Investing | Financing |
| 37.65k | -75.96k | 59.6k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Goldman Sachs. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.57M | 1.46M | 353.47 |
Key Ratios Snapshot
Some of the financial key ratios for Goldman Sachs are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.6% | – | – |
| FCF Margin | ROE | ROA |
| 75.0% | 5.9% | 0.4% |
Analysis – Goldman Sachs Intrinsic Value
We at GoodWhale have conducted an analysis of GOLDMAN SACHS‘s financials. Our proprietary Valuation Line has revealed that the fair value of GOLDMAN SACHS share is around $306.1. More…
Peers
JPMorgan Chase & Co, Morgan Stanley, Citigroup Inc are some of its major competitors.
– JPMorgan Chase & Co ($NYSE:JPM)
JPMorgan Chase & Co is an American multinational investment bank and financial services holding company headquartered in New York City. The company was formed in 2000 when Chase Manhattan Corporation merged with JP Morgan & Company. The company operates in four segments: Consumer & Community Banking, Corporate & Investment Banking, Commercial Banking, and Asset & Wealth Management. JPMorgan Chase is the largest bank in the United States by assets and the sixth-largest bank in the world by assets.
– Morgan Stanley ($NYSE:MS)
Morgan Stanley is an American multinational investment bank and financial services company headquartered in New York City. The company operates in 42 countries and has more than 55,000 employees. The company’s market capitalization is $139.2 billion as of May 2022, and its return on equity is 9.95%. Morgan Stanley is a global leader in providing financial and investment services to a wide range of clients, including corporations, governments, institutions, and individuals. The company’s businesses include investment banking, institutional securities, wealth management, and investment management.
– Citigroup Inc ($NYSE:C)
Citigroup Inc is a global financial services company with a market cap of 88.82 billion as of 2022. The company provides consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management services. Citigroup operates in more than 100 countries and has over 200 million customer accounts.
Summary
GOLDMAN SACHS second quarter fiscal 2023 results showed a decrease in total revenue of 8.1% year-over-year, to USD 10.9 billion. Net income also fell 58.4% year-over-year to USD 1.2 billion. This news may be discouraging to investors, as it indicates GOLDMAN SACHS is not performing well.
Despite this, analysts recommend that long-term investors remain patient and focus on the company’s fundamentals and future potential. GOLDMAN SACHS is known for its strong risk management practices and long-term strategies, which should benefit it as the economy recovers in the coming months.
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