Goldman Sachs: Positive Price Development and Exciting Dividend Outlook

Goldman Sachs is set to announce its third-quarter results. Analysts are eagerly anticipating the earnings predicted by Benzinga Pro at $7.03 per share, a significant increase from the $5.47 per share in the same period last year. The New York-based investment bank expects revenue of $11.87 billion, slightly above last year's $11.82 billion. Another focus is on the attractive dividend yield of 2.32%, which equates to an annual amount of $12.00 per share with a quarterly dividend of $3.00 per share. To achieve a monthly income of $500 from Goldman Sachs dividends, 500 shares valued at $258,150 would be necessary. For more conservative investors seeking a monthly income of $100, approximately 100 shares valued at $51,630 would be required. However, it is important to note that the dividend yield can vary dynamically due to fluctuating share prices and potential changes in dividend payments. The development of the share price directly impacts the dividend yield: if the share price rises, the yield decreases accordingly, and vice versa. Additionally, a change in dividend distribution can also affect the calculated yield. On the most recent trading day, Goldman shares saw a price increase of 2.5% and closed at $516.30. Analyst Devin Ryan of JMP Securities emphasized his positive assessment of the stock with a "Market Outperform" rating and raised the price target from $525 to $550.