Goldman Sachs Bank Stocks: Top 5 Stocks to Buy

In this article, we will list the Goldman Sachs Bank Stocks: Top 5 Stocks to Buy. Please visit Goldman Sachs Bank Stocks: Top 10 Stocks to Buy if you would like to see the extended list and the methodology behind it.

5. The Charles Schwab Corporation (NYSE:SCHW)

Goldman Sachs Equity Stake: $974.77 Million

Number of Hedge Fund Holders: 104

The Charles Schwab Corporation (NYSE:SCHW) is one of Goldman Sachs top bank stocks to buy. On April 17, analysts at TD Cowen reiterated that The Charles Schwab Corporation (NYSE:SCHW) as a Buy but lowered the price target to $108 from $128.

In addition to the price target cut, the research firm also lowered its 2026 and 2027 estimates despite the bank delivering impressive first-quarter results that topped estimates on strong business momentum. The new price target reflects 16 times the company’s 2027 estimates, down from 18 times.

The bank is benefiting from strong business momentum as investors opened 1.3 million new brokerage accounts in the first quarter. In addition, the investors brought in $140 billion of core new assets to the firm.

A diversified business model also allowed the bank to deliver record results amid an increasingly uncertain macroeconomic environment. Consequently, net revenue in the quarter was up 16% year over year to $6.5 billion as adjusted net income increased 29% to $2.6 billion. Adjusted diluted earnings per share increased 38% to $1.43.

The Charles Schwab Corporation (NYSE:SCHW) is a major U.S.-based financial services firm. It provides brokerage, banking, and financial advisory services to individual investors and independent investment advisors. The company offers $0 online equity trades, asset management, and, as of late 2024, manages over $10 trillion in client assets.