On July 6, Goldman Sachs rose 3.08% in regular trading, trading at $1,052.46/share, with turnover of $311 million.
On the news front, Evercore ISI raised its target price on Goldman Sachs from $950 to $1,075 on the same day. This follows a wave of upward revisions from multiple institutions in recent sessions, with Morgan Stanley raising its target to $1,099, BMO Capital to $1,070, and Rothschild to $920. The consensus mean target price has climbed to approximately $1,003.75.
Additionally, Goldman Sachs successfully passed the Federal Reserve annual stress test and announced a quarterly dividend increase from $4.50 to $5.00 per share effective July 1, representing a 25% year-over-year increase. The dividend hike reflects the firm's robust capital position and confidence in future earnings. All 32 tested banks maintained capital levels above minimum requirements under severe recession scenarios, with regulators freezing capital buffer requirements through at least 2027.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments