Goldman Sachs Is Still The Bank To Buy

Jishan Sidhu 519 Followers Follow Summary Goldman Sachs is rated a 'buy' due to scale, deal flow leadership, and a resilient capital formation cycle. GS's Q2 net revenues rose to ~$20.34Bn, with 23.5% ROE and $6.63Bn net earnings, driven by Global Banking & Markets strength. Valuation is mildly attractive: fair value averages $1,065.49, a ~2.45% undervaluation, with excess return models supporting upside. GS's growth is underpinned by volatility-driven trading, a robust IPO pipeline, and asset management fee expansion, but remains sensitive to market downturns. Dan Totilca/iStock Editorial via Getty Images The last time I covered Goldman Sachs ( GS ), I wrote a 'buy,' with my thesis driven by deal flow leadership, compounding capital raises, and a favourable macro situation. Since then, the bank has grown ~79.78% versus 29.22% for the market. This article was written by Jishan Sidhu 519 Followers Follow I am a Canadian business student with experience across boutique asset managers, Maple 8 pension plans, and Big 5 banks across asset classes. I am focused on quality long-only articles and searching for high-value companies. I have an event-driven focus, evaluating how equities perform under macro events, considering their financials and corporate strategy above all else.Through university clubs, I would also like to disclose my association with Francesco Infusino and Ben Lisi. Analyst’s Disclosure: I/we have a beneficial long position in the shares of GS either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.