We recently compiled a list of the 10 Mega-Cap Stocks That Could Continue Surging Post 52-Week Highs. In this article, we are going to take a look at where The Goldman Sachs Group, Inc. (NYSE:GS) stands against the other mega-cap stocks.
The US stock markets have gone up leading up to the day of President Donald Trump’s inauguration. All the major indices are set to continue their optimism from last week, when the Dow, the S&P, and the Nasdaq all reported gains of over 3.7%.
Even though the S&P had hardly moved from its early November levels when the election happened, many mega-cap stocks continue to register 52-week highs. We looked at some of these stocks and why they are expected to continue surging up with the earnings season already underway.
To come up with our list of 10 mega-cap stocks that could continue surging post 52-week highs, we only considered stocks that have recently hit their 52-week highs and have a market cap of at least $150 billion.
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The Goldman Sachs Group, Inc. (NYSE:GS)
The Goldman Sachs Group, Inc. is a worldwide financial services provider that operates through platform solutions, global banking & markets, and other segments. The global banking and markets segment is the key driver of earnings for the bank.
Analysts are hopeful about the company as the expected EPS growth for 2025 and 2026 is 18% and 13% respectively. This growth makes GS’s valuation quite attractive. Financial companies were some of the strongest performers in the last year, helping investors generate strong returns.
The bank’s stock has surged over 60% in just a year. Though lower interest rates might affect earnings, investors should take it as an opportunity and be bullish about the bank’s future outlook and earning potential.
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This article was originally published at Insider Monkey.