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The Goldman Sachs Group, Inc.

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Shares of Goldman have underperformed the industry over the past three months. Further, earnings estimates for the fourth quarter has been revised downward lately, prior to the earnings release. Yet, the company boasts an impressive earnings surprise history, surpassing the Zacks Consensus Estimate in all the trailing four quarters.  The company’s well-diversified business and focus to capitalize on growth opportunities through strategic moves along with cost-control efforts will continue to strengthen the overall business. Also, its focus on digitization initiatives bode well for long-term. Nevertheless, declining revenues from Institutional Client Services division remain hindrance to the bottom-line expansion. Notably, Goldman has been entangled in the recent heightened scandal related to the multibillion-dollar 1Malaysia Development Bhd (1MDB), which is a major concern.

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