JPMorgan Chase & Co. raised its price target on The Goldman Sachs Group (NYSE:GS) from $955.00 to $970.00 in a report issued on Friday, keeping a "neutral" rating. The target implies potential upside of 8.28% from the current price. GS shares traded up $4.53 on Friday to $895.81, on volume of 677,646 shares against an average of 2,213,132. Goldman's latest quarterly results beat expectations, with earnings of $17.01 per share versus a $12.86 consensus and revenue of $18.68 billion, up 23.0% year over year. Analysts' consensus rating is "Hold" with a consensus price target of $1,051.23, and the company declared a $5 quarterly dividend.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: The Goldman Sachs Group ( NYSE : GS ) Stock Gets Price Target Increase from JPMorgan Chase & Co .
Read the original on themarketsdaily.com ↗
Related news
- Entergy (NYSE:ETR) Stock Gets Price Target Trim from JPMorgan Chase & Co.
JPMorgan Chase & Co. lowered its price target on Entergy (NYSE:ETR) from $137.00 to $130.00 in a report released Tuesday morning, while keeping an overweight rating. BMO raised its target slightly to $124.00, while Morgan Stanley cut its target to $98.00 with an equal weight rating; according to MarketBeat, the consensus is 'Moderate Buy' with an average target price of $120.83. The stock opened at $103.85, within a 52-week range of $90.87 to $118.44. Entergy reported quarterly EPS of $1.03, beating estimates by $0.02, on revenue of $3.52 billion, and declared a quarterly dividend of $0.64 per share.
- Goldman Sachs Rises on Equities-Led Earnings Beat; JPMorgan Chase Treads Water, Wells Fargo Declines 3%
Goldman Sachs beat third-quarter 2026 profit forecasts with diluted EPS of $17.01 versus a $13.65 consensus, and revenue of $18.68 billion versus a $17.03 billion estimate. Equities trading drove the result, with revenue of $6.44 billion, up 72% year over year, and advisory fees hit a record $1.65 billion. Its stock rose 1% to $904.09 in early trade, while JPMorgan was roughly flat at $334.39 and Wells Fargo fell 3% to $81.08 after its $21.87 billion revenue disappointed traders. Goldman also reported a lower investment banking backlog than at the end of Q2, a drop in its CET1 ratio to 12.4% from 14.3%, and a charitable contribution of about $450 million that weighed on earnings.
- The Zacks Analyst Blog Highlights Goldman Sachs, JPMorgan and Morgan Stanley
Zacks' analyst blog reports Goldman Sachs delivered strong third-quarter 2026 results, with EPS up 39% year on year to $17.01, beating the Zacks Consensus Estimate by 31.9%. Net revenues rose 23% to $18.68 billion, driven by a 72% jump in equities trading revenue and a 21% rise in investment banking fees, while annualized return on equity improved to 18.7% from 14.2%. The article flags elevated operating expenses, subdued fixed-income trading and capital markets uncertainty as concerns. Goldman trades at a forward P/E of 12.53X, just below the industry average of 12.60X, compared with 13.26X for JPMorgan and 14.36X for Morgan Stanley. Its investment banking fees rose 40% to $9.46 billion in the first nine months of 2026.
- Goldman Sachs Equity Trading Jumps 72% as JPMorgan Bond Desk Slips
- JPMorgan, Goldman Sachs, Citigroup, Wells Fargo Kick Off Bank Earnings. It's A Mixed Bag.
- JPMorgan, Goldman Sachs Earnings Due As Bank Outlook Shifts
Related markets
Latest news
- TRX Gold to Present at Red Cloud's Fall Mining Showcase 2026
TRX Gold will present at Red Cloud's Fall Mining Showcase 2026, an in-person conference at the Omni King Edward Hotel in Toronto on October 28 and 29, 2026. Stephen Mullowney is scheduled to present on Thursday, October 29, 2026 at 12:00 PM Eastern. The release describes the company as a gold producer advancing the Buckreef Gold Project in Tanzania, which includes an established open pit and a 2,000 tonnes per day plant. The May 2025 PEA outlines average annual gold production of 62,000 oz over 17.6 years.
- Tesla Stock vs. the S&P 500: Which Investment Wins Through 2030?
The article argues Tesla trades at roughly 203 times this year's expected earnings and 13 times expected sales, a valuation that looks very expensive given gross margin pressure and a slower-than-expected robotaxi rollout. The flying Roadster, slated for production in 2028, is unlikely to make a meaningful sales or earnings contribution before 2030. The author thinks a Tesla-SpaceX merger by the end of the decade, likely an all-stock deal, is more likely than not and would be a key factor in how Tesla stock performs against the S&P 500 through 2030.
- SpaceX surprises Wall Street with Oct. 20 earnings date — here's why
SpaceX (SPCX) will release earnings on Oct. 20 after the market close, a surprise since earnings dates are usually shared weeks in advance. Evercore ISI analyst Kutgun Maral says possible reasons include putting updated financials on record before new financing or getting ahead of major lock-up releases, though scheduling is also possible. Reuters reported SpaceX is seeking $40 billion in financing to buy advanced Nvidia AI chips, including about $10 billion in bank loans and $30 billion in investment-grade debt, with Apollo expected to lead. The lock-up schedule includes 1.30 billion shares two days after earnings, 329 million on 10/24, and a remaining 857 million tranche of the 180-day group.
- AEP Partners with Amazon and X-energy to Explore Advanced Nuclear Energy in Indiana
American Electric Power (AEP) has announced a joint development agreement with X-energy to evaluate the feasibility of a 960-megawatt advanced nuclear project at a former coal plant site in Sullivan County, Indiana. Amazon is supporting development through a funding agreement. If the project reaches a final investment decision and is built, Amazon intends to buy the power under a long-term contract covering the facility's costs and operations. The initial project would include 12 Xe-100 units of 80 MW each, and the companies say it could create jobs, expand the local tax base and strengthen the grid for more than 60 years. AEP says the agreements include the financial safeguards it considers essential for any nuclear project to move forward.
- Talamore Marks One Year at Coffee with Major Advances Toward a 2027 Construction Decision
Talamore Mining marks one year since closing its acquisition of the Coffee Gold Project in Yukon, Canada, from Newmont Corporation on October 17, 2025. The company has assembled a financing package of up to C$688 million, including a C$149.5 million equity offering, a C$450 million secured project debt facility and up to C$88 million from a warrant early-exercise program. A primary road permit received in August 2026 allows completion of the 214-kilometre Northern Access Route from Dawson City. The February 2026 Preliminary Economic Assessment outlined a 13-year open-pit heap leach mine with an after-tax NPV (5%) of US$2.3 billion and an after-tax IRR of 47.8%. G Mining Services is completing the Feasibility Study, expected in Q1 2027, ahead of a construction decision targeted for the first half of 2027.
- Tiger Gold Extends Mineralization to the South at Ceibal, Drilling 268 m @ 0.5 g/t Au from Surface
Tiger Gold reported assay results from hole CEDDH-023 at its Ceibal target within the Quinchía Gold Project in Colombia. The hole intersected 268 metres grading 0.5 g/t Au from surface, extending mineralization south into a previously untested part of the corridor. Mineralization remains open to the west and southwest, where additional holes are testing for extension, and assays from Ceibal and Tesorito are pending. The drilling is intended to support a maiden Mineral Resource estimate, targeted for near the end of Q1 2027.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.