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TheStreet Wire

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

By TheStreet Wire 08/09/12 - 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 0.2%. By the end of trading, Goldman Sachs Group rose $1.10 (1.1%) to $103.60 on light volume. Throughout the day, 2.8 million shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 4.9 million shares. The stock ranged in a price between $102.30-$104 after having opened the day at $102.45 as compared to the previous trading day's close of $102.50. Other companies within the Financial Services industry that increased today were: Millennium India Acquisition Corporation (SMCG), up 11.7%, PHH Corporation (PHH), up 8.5%, E*Trade Financial (ETFC), up 6.9%, and Security National Financial Corporation (SNFCA), up 6.4%.

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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 $50.78 billion and is part of the financial sector. The company has a P/E ratio of 15.1, above the average financial services industry P/E ratio of 15 and below the S&P 500 P/E ratio of 17.7. Shares are up 14.2% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate Goldman Sachs Group a buy, one analyst rates it a sell, and 12 rate it a hold.

You can view the full Goldman Sachs Group Ratings Report.

On the negative front, Siebert Financial Corporation (SIEB), down 13.5%, FXCM (FXCM), down 5%, Chanticleer Holdings (HOTR), down 4%, and Federal Agricultural Mortgage (AGM.A), down 4%, were all laggards within the financial services industry with Equifax (EFX) being today's financial services industry laggard.

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.

For more information on Goldman Sachs Group Inc click any of the following:

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