Published on 27 Apr 2024 on Insider Monkey via Yahoo Finance
In this article, we'll take a look into Goldman Sachs' top 15 stock picks for 2024. If you prefer to skip the introduction about the investment bank and its recent business developments, you can just dive straight into Goldman Sachs' Top 5 Stock Picks for 2024.
Established in 1869 by German immigrant Marcus Goldman, Goldman Sachs has evolved into the world's second-largest investment bank by revenue, amassing $1.65 billion in fees during the first quarter of 2024. From its modest origins in a one-room basement office adjacent to a coal chute, the bank has expanded steadily over the years. In 1906, it made its mark in the initial public offering (IPO) market with the iconic Sears, Roebuck, & Co. Goldman Sachs was among the pioneers in emphasizing price-to-earnings (P/E) ratios over book values for company valuation.