5 Cheap Growth Stocks For Q2 2021

Goldman Sachs Group Inc. 

GS is one of the most well-known investment banks in the world. The company provides investment banking, asset management, consumer and wealth management, and securities services. It has a leading position in Mergers & Acquisitions, equity underwriting, and equity trading. GS also generates significant revenue from its investing, lending, and FICC businesses.

The company had a solid first quarter as it benefited from robust capital markets performance. The company has a strong position in Mergers & Acquisitions, and the many deals in its pipeline should sustain growth in the months ahead. GS’s diversification into digital solutions such as its consumer lending platform Marcus by Goldman Sachs and its automated wealth-management platform Marcus Invest should also aid growth.

GS has an overall grade of B or a Buy rating in our POWR Ratings system. It has a Growth Grade of B, indicating strong growth potential. In the recently reported quarter, earnings were up a whopping 498.1% year over year, and revenue rose an equally impressive 102.5%. Earnings are forecasted to grow an insane 1,679% year over year in the current quarter.

Those growth figures are all the more intriguing as GS has a trailing P/E of 8.7 and a forward P/E of 10.73. Its price-to-sales ratio of 2.4 is also below the industry average. We also provide Momentum, Stability, Sentiment, and Quality grades for GS, which you can find here. GS is ranked #1 in the Investment Brokerage industry. You can find other top stocks in the industry here.

JNJ shares were unchanged in after-hours trading Friday. Year-to-date, JNJ has gained 7.73%, versus a 13.27% rise in the benchmark S&P 500 index during the same period.

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Roger Keats 2 months ago Member's comment

Good read