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image: Reuters

A Key Goldman Sachs Executive Explains the Investment Case in…Goldman Sachs

August 9, 2018

Via: TheStreet

Goldman Sachs (GS) shares may be too cheap to ignore.

Shares of the investment bank have fallen 7.7% so far this year, part of a broader bear thesis on the financials that has descended on Wall Street. But to see a premier investment banking franchise such as Goldman trade at a mere 9.3 times forward earnings, one can’t help but to wonder if a rare opportunity now exists.

Much could also be said about the so far seamless CEO transition from long-time leader Lloyd Blankfein to David Solomon.

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