Analysts from the bank recently met with Goldman CEO David Solomon, leaving with three key takeaways that enable the stock to appreciate further.
Bank of America analysts are growing more bullish on Goldman Sachs after meeting with chairman and CEO David Solomon . BofA reiterated a buy rating on Goldman Sachs in a note on Tuesday that summarized the meeting, alongside a $563 per share price target.
Analysts led by Ebrahim Poonawala attributed the optimistic outlook to three catalysts likely to drive Goldman stock performance in the near future: a forecast uptick in merger and acquisition activity, leadership in asset management and efforts to optimize capital despite headwinds tied to the Federal Reserve's recent stress test .
Markets Goldman Sachs Group Inc David Solomon Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Goldman likes this retailer as lower-income consumers seek valueSentiment trends around Dollar General are improving, says Goldman Sachs.
Read more »
Goldman Sachs: Fed to indicate September rate cut 'more likely'Goldman Sachs: Fed to indicate September rate cut 'more likely'
Read more »
Goldman Sachs says next US president to have limited tools to significantly boost 2025 oil supplyGoldman Sachs says next US president to have limited tools to significantly boost 2025 oil supply
Read more »
Shares of this mega-cap pharma stock could outperform soon: Goldman SachsShares of this mega-cap pharma stock could outperform soon: Goldman Sachs
Read more »
Goldman Sachs sees a 'risk of a setback in the summer' for S&P 500Goldman Sachs sees a 'risk of a setback in the summer' for S&P 500
Read more »
Goldman Sachs says S&P 500 correction is coming, urges investors not to buy dipGoldman Sachs says S&P 500 correction is coming, urges investors not to buy dip
Read more »