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Goldman Sachs Group Inc (GS): Today's Featured Financial Services Winner

By TheStreet Wire 06/15/12 - 05:00 PM EDT

Find out if (GS) is in Cramer's Portfolio.

Goldman Sachs Group (GS) pushed the Financial Services industry higher today making it today's featured financial services winner. The industry as a whole closed the day up 1%. By the end of trading, Goldman Sachs Group rose $1.84 (2%) to $95.66 on average volume. Throughout the day, 6.1 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 5.6 million shares. The stock ranged in a price between $92.75-$95.77 after having opened the day at $93.58 as compared to the previous trading day's close of $93.82. Other companies within the Financial Services industry that increased today were: Palmetto (PLMT), up 13.6%, GFI Group (GFIG), up 12.5%, First Marblehead Corporation (FMD), up 11%, and AFP Provida (PVD), up 6.9%.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as a range of financial services to corporations, financial institutions, governments and high-net-worth individuals worldwide. Goldman Sachs Group has a market cap of $45.61 billion and is part of the financial sector. The company has a P/E ratio of 13.5, equal to the average financial services industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are up 2% year to date as of the close of trading on Thursday. Currently there are seven analysts that rate Goldman Sachs Group a buy, one analyst rates it a sell, and 12 rate it a hold.

TheStreet Ratings rates Goldman Sachs Group as a hold. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including generally poor debt management, disappointing return on equity and a generally disappointing performance in the stock itself.

You can view the full Goldman Sachs Group Ratings Report.

Use our financial services section to find industry-relevant news.
Or find some new ideas from our top rated stocks lists.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the financial services industry could consider Financial Select Sector SPDR (XLF) while those bearish on the financial services industry could consider Proshares Short Financials (SEF).

Find other investment ideas from our top rated ETFs lists.

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