Argus raised the firm’s price target on Goldman Sachs (GS) to $765 from $580 and keeps a Buy rating on the shares. The company’s Q2 performance demonstrated record results in equities, as well as a strong quarter for advisory revenues, investment banking fees, and FICC results, the analyst tells investors in a research note. The investment banking environment, which offered a few false starts in 2023 and 2024, has rebounded from the first quarter tariff-related market turmoil and uncertainty that paused deal activity, Argus added.
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