BUZZ-PREVIEW: Goldman Sachs shares climb ahead of earnings

Goldman Sachs GS.N shares up 1% at $568.79 ahead of Q4 earnings due before the opening bell on Wednesday

The bank is expected to post EPS of $8.22 on rev of $12.39 bln, per LSEG estimates, vs yr-ago results $5.48/shr in earnings and $11.32 bln in rev

Goldman has topped EPS estimates in six of the past eight qtrs, with most recent miss in Q2 2023; on rev side GS has also topped in six of the past eight qtrs, but with most recent miss in Q1 2023

Of the 24 analysts that cover GS, 15 rate it a "strong buy" or "buy," nine rate it a "hold" and none rate it a "sell" or "strong sell"

Median analyst price target of $624 is up from $588 a month ago

Banks have rallied since the U.S. election on Nov. 5 on expected deregulation from the incoming Trump administration, with GS is up more than 8% since Election Day. However, gains have stalled recently and the stock is down 0.4% YTD

The Dow Jones Industrial Average .DJI is up 0.5% since the election and down 0.2% YTD, while the S&P 500 bank index .SPXBK has jumped 9% since Nov. 5 but is up 2.4% YTD

GS options imply a 4.2% swing for the shares, in either direction, on Wednesday, according to options analytics service ORATS; on average, the stock has moved 2.4% on the day of results over the last 12 qtrs

(Reporting by Chuck Mikolajczak, additional reporting by Saqib Ahmed)

((charles.mikolajczak@tr.com; @ChuckMik;))