The Best and Worst Dow Stocks

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16. The Goldman Sachs Group, Inc. (NYSE:GS)

Number of Hedge Fund Holders: 81

Short Interest as of Apr 30, 2025: 1.38%

The Goldman Sachs Group, Inc. is a financial institution that offers various financial services to financial institutions, individuals, corporations, and governments.

The firm recently released its quarterly earnings and the result helped it provide strong returns in the month of April. The Asset & Wealth Management segment reported revenue growth amounting to $3.7 billion, along with the Private banking and lending revenue growth of 6% year-over-year. The company’s Global Banking & Markets division generated a return on equity of over 20%.

Due to slowing economic growth, the firm anticipates continued uncertainty and market volatility. Goldman Sachs’ economists project a slowdown in US GDP growth from 2% to 0.5%, increasing recession risks. However, they have noticed four quarters of sustained growth in investment banking backlog and increased client activity.

The Asset & Wealth Management segment is expected to maintain high single-digit annual growth in durable revenue streams. Management is optimistic that incorporating AI will result in long-term gains, boosting operational efficiency and productivity.

The company recently announced the appointment of two leaders to its merger and acquisition team in Asia (ex-Japan). Sushil Bathija has been selected as Head of M&A for Asia ex-Japan, and Vikram Chavali has been appointed as Head of Sponsors M&A for Asia ex-Japan. They will collaborate with global and regional leaders to catalyze the success of GS’s M&A business in Asia.

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