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

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 1.4%. By the end of trading, Goldman Sachs Group rose $1.85 (1.2%) to $153.51 on light volume. Throughout the day, 2,634,719 shares of Goldman Sachs Group exchanged hands as compared to its average daily volume of 3,903,100 shares. The stock ranged in a price between $152.61-$154.99 after having opened the day at $153.03 as compared to the previous trading day's close of $151.66. Other companies within the Financial Services industry that increased today were: WisdomTree Investments ( WETF), up 8.1%, Orix Corporation ( IX), up 7.0%, Consumer Portfolio Services ( CPSS), up 6.5% and Evercore Partners ( EVR), up 5.1%.

The Goldman Sachs Group, Inc. provides investment banking, securities, and investment management services, as well as financial services to corporations, financial institutions, governments, and high-net-worth individuals worldwide. Goldman Sachs Group has a market cap of $70.2 billion and is part of the financial sector. The company has a P/E ratio of 10.6, below the S&P 500 P/E ratio of 17.7. Shares are up 18.9% year to date as of the close of trading on Wednesday. Currently there are 4 analysts that rate Goldman Sachs Group a buy, 1 analyst rates it a sell, and 15 rate it a hold.

TheStreet Ratings rates Goldman Sachs Group as a buy. The company's strengths can be seen in multiple areas, such as its solid stock price performance, growth in earnings per share, attractive valuation levels, increase in net income and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the negative front, Security National Financial Corporation ( SNFCA), down 7.7%, First Marblehead Corporation ( FMD), down 4.3%, United States 12 Month Natural Gas Fund ( UNL), down 3.7% and SP Bancorp ( SPBC), down 3.5%.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
null

If you liked this article you might like

Women Control Over 50% of Household Wealth, Says Schwab's Liz Ann Sonders

Women Control Over 50% of Household Wealth, Says Schwab's Liz Ann Sonders

Video: 5 of the Biggest Losers From the New Tax Code

Video: 5 of the Biggest Losers From the New Tax Code

TheStreet Podcast: Go Inside the Goldman Sachs Tech & Internet Conference

TheStreet Podcast: Go Inside the Goldman Sachs Tech & Internet Conference

Inside Goldman Tech Conference: Key Takeaways on Bitcoin, Ethereum and ICOs

Inside Goldman Tech Conference: Key Takeaways on Bitcoin, Ethereum and ICOs

Closing Bell: LIVE MARKETS BLOG

Closing Bell: LIVE MARKETS BLOG