Goldman Sachs (GS) Stock May Be 17% Undervalued Following CEO Succession Talk

Goldman Sachs Group has delivered a very strong 3 year share price run, even as recent weeks have been more volatile. This puts fresh focus on whether that move is backed by the returns the bank earns on its own capital. With the stock last closing at US$882.59, the key issue for anyone looking at Goldman Sachs today is how much of those capital returns are already reflected in the current valuation. Over the past 3 years the stock has returned about 204.5%. This makes the link between...