Goldman Sachs Group Inc (NYSE:GS).'s shares saw a decline of 1.13%, closing at $323.91 on Monday, marking an end to a five-day winning streak. This occurred during a trading session that registered slight increases for both the S&P 500 Index and Dow Jones Industrial Average.
The bank's performance was notably weaker compared to its competitors Bank of America Corp (NYSE:BAC)., Wells Fargo (NYSE:WFC) & Co., and Morgan Stanley (NYSE:MS), who also experienced share price declines but at lesser rates. Despite the drop, Goldman Sachs' trading volume surpassed its 50-day average, reaching 2.1 million from an average of 2 million.
Monday's closing price places the shares $65.67 below Goldman Sachs' 52-week high of $389.58, which was recorded on November 15th. This market data is based on information auto-generated by Automated Insights using FactSet data.
InvestingPro Insights
As we delve deeper into the performance of Goldman Sachs Group Inc., InvestingPro data and tips provide valuable insights. With a market cap of $111.24B, Goldman Sachs remains a prominent player in the Capital Markets industry. The company's P/E ratio stands at 15.54, suggesting a fair valuation relative to its earnings.
InvestingPro Tips highlight that Goldman Sachs has a history of shareholder-friendly policies, with management aggressively buying back shares and maintaining dividend payments for 25 consecutive years. The company's liquid assets also exceed short term obligations, indicating a healthy financial position.
However, investors should note that there has been a declining trend in earnings per share, and 12 analysts have revised their earnings downwards for the upcoming period. Additionally, total debt has increased for consecutive years, which could be a potential concern for some investors.
For those seeking a deeper understanding of Goldman Sachs' performance and potential, InvestingPro offers numerous additional tips and data points.
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