From Zacks Investment Research: 2025-01-16 20:24:09

The market received fourth-quarter results from major U.S. banks, including Goldman Sachs and BlackRock. Goldman reported a massive EPS surprise of 48% with Q4 earnings at $4.11 billion, while BlackRock reached record AUM of $11.6 trillion. In fiscal 2024, Goldman led in announced and completed M&A, with total sales spiking 16% to $53.51 billion. On the other hand, BlackRock reported total sales of $20.41 billion, with annual earnings rising over 15% to $6.37 billion. Goldman’s stock has risen +62% over the last year, outperforming BlackRock and the S&P 500. GS trades at 13.9X forward earnings, while BLK trades at 21.2X.



Read more at Zacks Investment Research: Buy Goldman Sachs or BlackRock Stock After Strong Q4 Earnings? – January 16, 2025