Shares of GS were trading 5% higher today. What's going on:

Shares of Goldman Sachs Group (GS) are trading 5% higher at a price of $308.8 at the time of this writing. The price change came on the back of news that their profit fell 47% this quarter. It seems like investors see the investment bank as a strong buy despite the news.

Goldman Sachs Group has been trading between a 52-week high of $421.44 and a 52-week low of $277.84. The stock has a market cap of $106 Billion.

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.