
Goldman Sachs (GS) Stock Falling Despite Q2 Earnings Beat
NEW YORK (TheStreet) -- Shares of Goldman Sachs (GS) - Get Report are down 1.29% to $161.20 this morning despite the company reporting a 2016 second quarter earnings and revenue beat that blew past analysts' estimates, said TheStreet's James Passeri in the above video.
The New York-based banking giant reported earnings of $3.72 per share on revenue of $7.93 billion.
Analysts surveyed by Thomson Reuters were looking for earnings of $3 per share on revenue of $7.58 billion. For the second quarter of 2015, the company had earnings of $1.98 per share on revenue of $9.07 billion.
"Despite the uncertainty created by Brexit, we achieved solid results by continuing to serve our clients across our diversified franchise and by managing our business efficiently," said Goldman Sachs CEO Lloyd C. Blankfein in a company statement.
So far in 2016, Goldman Sachs stock is down 9%.
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.










