Goldman Sachs Raised Its Dividend as Investment Banking Fees Rebound. Is the Stock a Buy?
Key takeaways
- GS NVDA One of the leading investment banks in the world, Goldman Sachs (NYSE: GS), recently stated its intention to raise its quarterly dividend by 11% to $5.00 per share, up from $4.50 per share.
- The dividend raise comes after the bank passed the Federal Reserve's annual stress test with flying colors.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
GS NVDA One of the leading investment banks in the world, Goldman Sachs (NYSE: GS), recently stated its intention to raise its quarterly dividend by 11% to $5.00 per share, up from $4.50 per share.
The dividend raise comes after the bank passed the Federal Reserve's annual stress test with flying colors. Goldman Sachs, like many other large banks, has been in the cycle of raising its dividend in the third quarter, after the annual stress test results come out. This will mark the 15th consecutive year that Goldman Sachs has raised its dividend.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »