What Wall Street Analysts Think of Goldman Sachs Stock Ahead of Earnings | Global News Avenue

Goldman Sachs (GS) will report fourth-quarter results before the market opens on Wednesday, with analysts expecting revenue and net interest income grow.

Of the 13 analysts tracked by Visible Alpha, 7 have a “buy” or equivalent rating and 6 have a “hold” rating. Their consensus price target is about $617, which would imply an upside of about 10% from Friday’s closing price of $560.

Wall Street expects the bank’s revenue to reach $12.3 billion, up 8.7% year over year, and net interest income to hit $2.1 billion, up from $1.34 billion a year earlier. Third quarter stronger than expected.

Investors will also look at other large banks including JPMorgan Chase (JPMorgan Chase), Wells Fargo Bank (world financial center) and Citigroup (C) report their results Wednesday morning. Bank of America (Buck) will meet with Morgan Stanley (multiple sclerosis) and others.

Goldman Sachs shares fell more than 3% intraday Friday Market fellbut has risen nearly 50% in the past 12 months.