11:50 AM EST, 01/05/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lift our 12-month target by $30 to $940 applying a wider equity risk premium and a forward P/E of 16.5x compared to the three-year historical average at 16.0x for normalized earnings. We keep our EPS estimates at $50.70 for 2025 and $57.00 for 2026, above the consensus at $48.75 and $55.19. Our projected revenues are $60.0B in 2025 and $64B in 2026, also just above consensus. Our Buy view is based on potential upward earnings revisions in 2026 supported by strong capital markets with higher investment banking fees in equity and debt underwriting as well as mergers and acquisitions. GS is a top-five industry leader in asset management and wealth management that should generate higher recurring fee income from higher client balances. Primarily an investment bank, net interest income (NII) is less likely to be a delta for positive earnings surprises, given NII represents 21% of total net revenue compared to commercial banks where NII is in the 50% to 60% range. GS is likely to expand alternative assets.