Jim Cramer is Talking About These 14 Stocks Before Earnings

10. The Goldman Sachs Group, Inc. (NYSE:GS)

Number of Hedge Fund Holders: 68

Mad Money’s host recently said, “As for Goldman Sachs, where I did work at one point, I think it’s going to blow away the numbers and the stock goes higher.”

The Goldman Sachs Group, Inc. (NYSE:GS) is a prominent financial institution specializing in a range of financial services, with a core focus on investment banking and wealth management. Renowned for its expertise in investment banking, the company has established itself as a leader in areas such as equity and debt underwriting, advisory services for mergers and acquisitions, and comprehensive wealth management solutions. The firm operates a significant trading desk, engaging in lending activities to corporate clients while also investing its own capital across equity and debt markets. Furthermore, it manages trillions of dollars in assets on behalf of its clients, reflecting its extensive reach in the financial sector.

In asset and wealth management, Goldman Sachs (NYSE:GS) reported strong growth in its management and advisory fees, with a record of $3.2 billion achieved in the second quarter alone. Its Assets Under Supervision reached an all-time high of $2.9 trillion, while total client assets within wealth management increased to approximately $1.5 trillion.

Goldman Sachs (NYSE:GS) recorded a margin of 23% for the first half of the year. The company also made significant strides in alternative investments, successfully raising $36 billion year-to-date. It includes the completion of several key fund closings, with $20 billion allocated to private credit strategies and around $10 billion directed toward real estate investments.

With a strong pipeline, the company expects to surpass $50 billion in fundraising for alternatives this year, a goal supported by unexpectedly high fundraising activity in the first half. Additionally, the company made an announcement regarding its dividend policy, increasing the quarterly dividend by 9%. Since early 2019, it has tripled its quarterly dividend, now standing at $3 per share.