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GS Stock Forecast: Balancing Robust Growth with Cautious Optimism.

July 30, 2024

This WES Stock Forecast article was written by Aiden Chalem – Financial Analyst at I Know First.

Goldman Sachs reported impressive Q2 FY2024 net revenues of $12.73 billion, surpassing estimates, with a GAAP EPS of $8.62, reflecting strong profitability.
Effective management of the credit card portfolio resulted in a notable reduction in the provision for credit losses, indicating improved credit quality.
Despite market volatility, Goldman Sachs' stock has increased by 37.12% over the past year, with analysts maintaining a "buy" rating due to the company's solid performance and strategic initiatives.