GS Nice pop after break of $407.79 tradingview.com/x/alEf7uNr/ right into MAJOR resistance, likely some pullback from here, maybe in a day or two.. If not, that means bulls are Ultra-Strong
GS is within 50bp of its ATH. As a erminder: GS beat the EPS consensus for Q1 ($8.78) by almost $3 (actual EPS $11.58). In response, analysts raised their collective consensus for 2024 by $3.65 (from $33.92 to $37.57). In other words, they hardly changed their outlook for the remainder of the year. Personally, I think that's ridiculous. It would now take a massive sequential drop in profitability for GS to FAIL to exceed estimates for 2024. If GS doesn't falter, then the world's top investment bank stock trades at a single digit forward P/E.