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Financial News: Goldman Sachs expected to surpass resistance

Financial News:

Goldman Sachs expected to surpass resistance

Goldman Sachs

Goldman Sachs will report its quarterly profits today. As long as earnings forecasts are met, expect the price to rise to the $405 level.

23 analysts estimate earnings per share (EPS) of $11.77 for the current quarter, compared to $12.08 in the same period last year, a 2.58 percent growth.

Analysts also predict profits per share of $59.91 for the current fiscal year, up from $24.74 in the previous year. Compared to $ 44.56 billion in sales last year, economists predict revenues of $58.53 billion this year on average.

If it is unable to maintain its present level, it will likely to go below the $375 nearest support level.

Photo: The Goldman Sachs Group, Inc. is an American multinational investment bank and financial services company headquartered in New York City. Goldman Sachs offers services in investment banking and securities underwriting, securities, asset management and investment management, and prime brokerage.

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Content ID: 1642506322 Created Tuesday, January 18, 2022 11:45 AM UTC by Aaron Stipkovich, Updated Friday, January 28, 2022 11:37 AM UTC by Aaron Stipkovich.