Goldman Sachs (GS) Offering Possible 29.87% Return Over the Next 31 Calendar Days

Goldman Sachs's most recent trend suggests a bullish bias. One trading opportunity on Goldman Sachs is a Bull Put Spread using a strike $205.00 short put and a strike $195.00 long put offers a potential 29.87% return on risk over the next 31 calendar days. Maximum profit would be generated if the Bull Put Spread were to expire worthless, which would occur if the stock were above $205.00 by expiration. The full premium credit of $2.30 would be kept by the premium seller. The risk of $7.70 would be incurred if the stock dropped below the $195.00 long put strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for Goldman Sachs is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving up which suggests that the medium-term momentum for Goldman Sachs is bullish.

The RSI indicator is at 68.37 level which suggests that the stock is neither overbought nor oversold at this time.

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LATEST NEWS for Goldman Sachs

Goldman Representatives Visit Kuala Lumpur for 1MDB Talks
Mon, 20 Jul 2020 06:57:34 +0000
(Bloomberg) — Follow Bloomberg on LINE messenger for all the business news and analysis you need.Senior representatives of Goldman Sachs Group Inc. are in Malaysia to pursue negotiations with the government, as it seeks to recover assets of the state fund 1MDB, the nation’s Finance Minister said.“We hope these discussions will prove to be fruitful,” Tengku Zafrul Tengku Abdul Aziz said in a statement on Monday. “It will enable us to move closer towards achieving the desired results on the recovery of 1MDB assets.”The talks are the latest phase in Goldman Sachs’s efforts to draw a line under the 1MDB affair, which dates back to the $6.5 billion of bond sales it arranged for the troubled Malaysian state fund in 2012 and 2013.Malaysia has accused the bank of misleading investors when it arranged the bond sales, while allegedly knowing that the funds would be misappropriated. Goldman Sachs has denied wrongdoing, saying that former Malaysian officials lied to the bank about how proceeds from the bond sale would be used.Read about the 1MDB scandal that helped oust a prime ministerZafrul and Malaysian Attorney General Idrus Harun have actively engaged with officials from Goldman Sachs and the U.S. Department of Justice to remove key hurdles in the asset recovery negotiations, according to Singapore’s Straits Times, which reported Monday on the talks in Kuala Lumpur.A spokesman for Goldman Sachs declined to comment.The bank is in the final stages of settlement talks with the Justice Department, after tussling with the government on one critical issue — a potential guilty plea for the first time in Goldman’s history, Bloomberg reported earlier this month.Once the Justice Department renders its decision about a guilty plea, a resolution could follow quickly, including a penalty as high as $2 billion.The effective recovery of 1MDB assets remains a key priority for the Malaysian government, Zafrul said in the statement. The government has “proactively” taken action across multiple countries and organizations, he said.“We are taking every action and step to ensure a recovery value that is fair and just for the Malaysian people,” Zafrul said.(Updates with the 1MDB timeline in third paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

Kass: What Price Goldman Sachs?
Sat, 18 Jul 2020 16:00:00 +0000
Goldman's businesses can be separated into several parts: consumer, trading, capital markets (fixed income, foreign exchange and commodities), investment banking, and wealth management. Investment banking was very strong (a quarterly revenue record) and I continue to expect a renaissance of M&A activity reflecting the widening schism between have and have not companies which should lead to consolidation on a broad scale. Goldman also has a large wealth management business.

The Goldman Sachs Group, Inc. Just Recorded A 56% EPS Beat: Here's What Analysts Are Forecasting Next
Sat, 18 Jul 2020 13:23:11 +0000
The Goldman Sachs Group, Inc. (NYSE:GS) just released its latest second-quarter results and things are looking…

Comic: Wall St.'s Q2 Earnings Season Gets Off To Mixed Start Amid Covid-19 Impact
Sat, 18 Jul 2020 06:45:49 +0000
By Jesse Cohen

Wells Fargo Stock Has Been Beaten Down. It Could Be a Buy.
Sat, 18 Jul 2020 00:36:00 +0000
Might it be time to brace the uncertainty and consider the worst-performing of the big banks this year? It trades at 0.8 times tangible book value, compared with 1.6 times for JPMorgan Chase and 1.2 for Bank of America.

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