Although the road ahead for Goldman will be a bumpy one for some time to come, the firm is well positioned to ride out the current market jitters and rebound once the overall economy begins to pick up in the next 9 to 12 months. Goldman has a strong balance sheet and as long as they can maintain their revenues from an investment banking perspective, they will ultimately prevail as one of the strongest banks in the next 12 months. In addition, Goldman has average just about a 9% return over the last 10 years which should continue through the next ten years. Short term the stock will fluctuate due to economic and market jitters, but long term this is a solid contributor for most any portfolio that contains equities.
$140.56599 (07/08/09)
