Since Solomon was named CEO and Chairman of Goldman Sachs on October 1st, 2018, GS shares are up over 60%. The firm is known for its quick opportunity seizing trading actions and best-in-class investment banking operations. A record volume of IPOs, bond offerings, and M&A activity have powered this business's top and bottom-line to incredible levels that have consistently blown analysts' estimates out of the water.ĭavid Solomon has proven himself at the helm of this remarkable Wall Street titan, driving top and bottom-line results that have dwarfed any pre-pandemic figure. Goldman Sachs is the captain of high finance and the banking sector's knight in shining armor. GS drove record trading profits from the market capitulation of March 2020, attained excellent portfolio returns for its high wealth thereafter, and has been one of the biggest beneficiaries of the record IPO & M&A frenzy we've seen over the past 12 months or so (and this dealmaking euphoria is expected to spill into 2022).ĭespite analysts ' seemingly perennial upward estimate revisions, I see no reason this outsized estimate beating trend wouldn't continue in 2022 as rising interest rates expand Goldman's already record margins even further. Goldman seized on the opportunities that each stage of the devastating pandemic presented. Sell-side analysts are getting increasingly optimistic about the future of Goldman Sachs, pushing up their EPS estimates after a blowout Q3 report, propelling GS into a Zacks Rank #2 (Buy). Following the recent valuation compression, GS is poised to take flight in 2022 and is one of my top picks going into the new year (with many other investment professionals in agreement). Goldman Sachs has solidified itself as the gold standard on Wall Street, navigating the choppy pandemic waters with a level of operational perfection that no other major financial institution could match. Here is a synopsis of all five stocks: - Zacks Bull of the Day: In addition, Zacks Equity Research provides analysis on Repligen Corporation RGEN, Sarepta Therapeutics, Inc. GS as the Bull of the Day, GameStop Corp. Chicago, IL – Decem– Zacks Equity Research Shares of The Goldman Sachs Group, Inc.