Home Stock Is Goldman Sachs Securities a smart investment? According to StockNews

Is Goldman Sachs Securities a smart investment? According to StockNews

Is Goldman Sachs Securities a smart investment?

The world’s second-largest investment banking firm, Goldman Sachs (GS), has shown agile business performance amid the recent sell-off of Archegos and record profits in its first quarter. However, with President Biden’s plan to increase capital income tax along with corporate tax, can GS maintain its stellar performance? Read more to find out. Goldman Sachs Group , Inc. (NYSE 🙂 is known for leading investment banking and wealth management services globally. It is the second largest investment bank in the world based on 2020 revenue. GS is one of the few multinational investment banks to emerge after the relatively peaceful Archegos sell-off.

GS sold about 10.50 billion worth of Archegos related shares on March 26, which eventually triggered the margin call. And thanks to the company’s leadership advantage, the company was able to avoid significant losses when leaving its position. Shares of GS are up 25.5% so far.

Thanks to the company’s rapid decision making and commercial deals in one of the biggest margin calls in history, GS delivered record revenue and earnings growth at a time most banks Big investments both lower their first quarter financial prospects. GS’s net sales grew 102% year-on-year to $ 17.70 billion in the first quarter ending March 31, 2021. Both GS’s net income and EPS grew 498% year-on-year. last year it was 6.71 billion dollars and 18.60 dollars.

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