** Goldman Sachs GS.N Q2 profit exceeded Wall St expectations, as turbulent markets raised revenue in its equities division to a record, and a pickup in dealmaking boosted investment banking
** Median PT of 22 brokerages is $720, while rating is "hold" - LSEG data
BANKING BIG ON BUYBACKS AND BLOCKCHAIN
** BofA ("buy," PT: $782) says GS well-positioned with significantly stronger investment banking pipeline and improved macro clarity driving deal momentum alongside structural growth in private credit and tech-driven efficiencies
** Citizens ("market perform") cites strong market share gains and effective capital deployment
** Highlights long-term growth potential through asset management and AI leadership and blockchain innovation
** RBC ("sector perform," PT: $700) says with a reduced capital buffer and new $40 bln buyback plan, GS well-positioned for sustained shareholder returns or potential acquisitions
** KBW ("market perform," PT: $790) views GS exit from underperforming ventures like Apple and GM cards allows it to reallocate $4 bln towards higher-margin growth areas like asset management and private banking
(Reporting by Rashika Singh in Bengaluru)
((rashika.singh@thomsonreuters.com))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.