Goldman Sachs (GS) Stock Slides Ahead of Q2 Earnings Report

Goldman Sachs (GS) is scheduled to report second quarter 2016 earnings before Tuesday's market open.
By Rachel Aldrich ,

NEW YORK (TheStreet) -- Shares of Goldman Sachs (GS) - Get Report  are down 0.74% to $161.33 this afternoon as the company prepares to report second quarter 2016 earnings on Tuesday, July 19 before the market opens.

Analysts surveyed by Thomson Reuters are looking for earnings per share of $3 on revenue of $7.58 billion.

For the second quarter 2015, Goldman reported earnings of $1.98 per share on revenue of $9.07 billion.

Similar to other global banks, New York-based Goldman Sachs has suffered in the wake of the Brexit vote at the end of June.

Following the vote, Goldman announced it would hire former EU Commissioner Jose Manuel Barroso as a global advisor. This decision has caught significant flak recently from leaders like French President Francois Hollande, who called the decision "morally unacceptable," Bloomberg reports.

Separately, TheStreet Ratings rated this stock as a "hold" with a ratings score of C.

Among the primary strengths of the company is its expanding profit margins over time. At the same time, however, TheStreet Ratings finds weaknesses including deteriorating net income, disappointing return on equity and weak operating cash flow.

You can view the full analysis from the report here: GS

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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