Goldman Sachs Crushes Records, but This Analyst Warns the Party Is Over

Goldman Sachs shares hit a new 52-week high after record Q2 results, signaling improving earnings momentum. However, Citizens maintained a Market Perform rating, arguing the stock’s rally already prices much of the brighter earnings outlook. Net-net, the news is supportive, but limited by the view that upside may be partially reflected in the run to highs.

Analysis

Goldman Sachs shares hit a new 52-week high after record Q2 results, signaling improving earnings momentum. However, Citizens maintained a Market Perform rating, arguing the stock’s rally already prices much of the brighter earnings outlook. Net-net, the news is supportive, but limited by the view that upside may be partially reflected in the run to highs.