Goldman Sachs Group Inc. NYSE:GS Message Board

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Non-Tech : Goldman Sachs Group Inc. NYSE:GS

GS 792.91

+0.3%

Nov 5 3:59 PM EST

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From: Don Green	3/20/2006 5:25:47 PM
	of 411

Goldman Sachs Shares Continue Rally, Reach New 52-Week High After Strong Earnings Report NEW YORK (AP) -- Goldman Sachs Group Inc. shares rose to a new high Monday as investors continued to snap up the stock on the back of the securities firms' strong first-quarter report. The nation's second-largest investment bank reported March 14 that fiscal first-quarter profit jumped 62 percent, trumping Wall Street projections. Stocks and bonds trading, as well as a strong period for mergers, fueled revenue to record levels. Not only did the results provide a lift for rival firms, but the quarterly report helped ignite a strong rally in Goldman's own shares. The stock has risen 8 percent since issuing the results, and shares reached another 52-week high of $152.11 earlier in the session. In recent trading, shares rose $1.55, or 1 percent, to $151.91 on the New York Stock Exchange. The stock's previous high of $151.54 was reached on Friday, and the stock is still trading significantly above May's low of $94.75. Susan Roth Katzke, an analyst with Credit Suisse, expects the shares to keep on moving higher. She increased the stock's 12-month stock target to $160 from $155.

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