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MarketScreener Homepage  >  Equities  >  Nyse  >  Goldman Sachs Group Inc    GS

GOLDMAN SACHS GROUP INC

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Goldman Sachs : now expects Fed rate cut in July and September

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06/20/2019 | 12:45am EDT

TOKYO (Reuters) - Goldman Sachs Group Inc analysts now expect the U.S. Federal Reserve to cut interest rates in July and in September, according to a research note issued after Fed Chairman Jerome Powell on Wednesday signalled a rate cut as early as next month.

This marks a reversal for Goldman, whose economists said as recently as June 16 that the hurdle for rate cuts is "higher than widely believed." Goldman is one of the 24 primary dealers that does business directly with the Fed.

Interest rate futures surged in response to Powell's remarks at the end of a two day policy meeting that left rates on hold. Traders are now betting heavily on three cuts by the end of the year. The Fed's target rate the Fed funds rate is 2.25% to 2.50%.

(Reporting by Stanley White; Editing by Simon Cameron-Moore)

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Financials (USD)
Sales 2019 35 477 M
EBIT 2019 12 533 M
Net income 2019 8 425 M
Debt 2019 234 B
Yield 2019 1,96%
P/E ratio 2019 9,29x
P/E ratio 2020 8,54x
EV / Sales2019 8,84x
EV / Sales2020 8,72x
Capitalization 79 472 M
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Technical analysis trends GOLDMAN SACHS GROUP INC
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 27
Average target price 234,58  $
Last Close Price 213,52  $
Spread / Highest target 48,0%
Spread / Average Target 9,86%
Spread / Lowest Target -18,0%
EPS Revisions
Managers
NameTitle
David Michael Solomon Chairman & Chief Executive Officer
John E. Waldron President & Chief Operating Officer
Stephen M. Scherr Chief Financial Officer & Executive Vice President
James A. Johnson Independent Director
William W. George Independent Director
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