Despite Tuesday's market action, Douglas Sipkin, senior analyst at Susquehanna Financial, thinks Goldman's results have "positive implications" for the rest of the year.
"September and October have clearly been a big improvement in the debt capital markets, which Goldman is obviously very leveraged to, " Sipkin said.
Although the analyst didn't give an estimate for where he expected Goldman's stock to trade, he did state he expected it to "consolidate a little bit of a big move." The stock jumped to a new 52-week high above $128 earlier this year, but has since retraced the move, orbiting above $122.50 in late U.S. trading.
"The overall bias toward the whole [financial sector] is actually improving quite a bit, " Sipkin said, noting the beneficial impact of more Federal Reserve bond buying. "So I expect the stock to be higher over the next week or two."