Why Goldman Sachs (GS) Stock Is Higher Today

NEW YORK (TheStreet) -- Shares of Goldman Sachs Group Inc. (GS) are up 1.89% to $170.08 in pre-market trading on Tuesday after second quarter net earnings increased to $1.95 billion, or $4.10 per share, up from $1.86 billion, or $3.70, per share, a year ago.

Analysts surveyed by Reuters had expected Goldman to report profit per share of $3.05 for the quarter. 

Net revenues, including net interest income, increased to $9.13 billion from $8.61 billion, a year ago, while analysts had expected revenue of $7.97 billion for the quarter.

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Separately, TheStreet Ratings team rates GOLDMAN SACHS GROUP INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate GOLDMAN SACHS GROUP INC (GS) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, expanding profit margins, good cash flow from operations and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income."

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