Report
Michael Wong
EUR 101.80 For Business Accounts Only

Goldman Sachs Is Fairly Valued but Can Provide Some Diversification Benefits

Goldman Sachs’ business mix gives it different environmental and regulatory earnings drivers than the other large U.S. banks, some of which was exhibited in second-quarter results. Continuing the theme from the first quarter, the company’s fixed income, currency, and commodities trading, or FICC, business underperformed and weighed on results. FICC trading was 40% lower than a year ago and about 35% lower than the trailing 3-year average. While all FICC trading decreased from overall lower clien...
Underlying
Goldman Sachs Group Inc.

Goldman Sachs Group is a bank holding company and financial holding company. The company is a global investment banking, securities and investment management firm that provides a range of financial services to corporations, financial institutions, governments and individuals. The company operates in four business segments: Investment Banking, which serves public and private sector clients and provides financial advisory services; Global Markets, which serves its clients who come to the company to buy and sell financial products, raise funding and manage risk; Asset Management, which provides investment services; and Consumer & Wealth Management, which provides a range of wealth advisory and banking services.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Michael Wong

Other Reports on these Companies
Other Reports from Morningstar

ResearchPool Subscriptions

Get the most out of your insights

Get in touch