How Wall Street Is Evaluating Goldman Sachs after 1Q18

Investment and commercial banks (XLF) were expected to benefit from higher trading revenues and lower taxes in 1Q18. All major bankers have beat estimates, reflecting strong operating performance and comfort from lower taxes. Among major bankers, Goldman Sachs (GS) commands a mixed rating outlook, with 10 out of 27 analysts calling for “strong buy or buy” ratings. Fifteen analysts have given “neutral” ratings, and four have assigned “underperform.”