Brookstone Capital Management grew its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 8.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 10,636 shares of the investment management company’s stock after acquiring an additional 860 shares during the period. Brookstone Capital Management’s holdings in The Goldman Sachs Group were worth $9,576,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the company. Strive Financial Group LLC boosted its holdings in shares of The Goldman Sachs Group by 316.7% during the second quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock worth $25,000 after purchasing an additional 19 shares during the period. BOK Financial Private Wealth Inc. grew its position in shares of The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock worth $26,000 after buying an additional 17 shares during the period. Turim 21 Investimentos Ltda. bought a new position in shares of The Goldman Sachs Group during the first quarter valued at approximately $25,000. Cherry Tree Wealth Management LLC increased its position in The Goldman Sachs Group by 100.0% during the 3rd quarter. Cherry Tree Wealth Management LLC now owns 30 shares of the investment management company’s stock valued at $27,000 after buying an additional 15 shares in the last quarter. Finally, Clearstead Trust LLC purchased a new position in The Goldman Sachs Group during the second quarter valued at $33,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.
The Goldman Sachs Group Trading Down 1.7% GS stock opened at $876.07 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.10 and a debt-to-equity ratio of 2.82. The Goldman Sachs Group, Inc. has a twelve month low of $754.00 and a twelve month high of $1,153.99. The stock has a market capitalization of $255.08 billion, a price-to-earnings ratio of 12.60, a price-to-earnings-growth ratio of 0.84 and a beta of 1.29. The firm’s fifty day simple moving average is $959.69 and its two-hundred day simple moving average is $990.65.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its quarterly earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.86 by $4.15. The firm had revenue of $18.68 billion during the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The Goldman Sachs Group’s quarterly revenue was up 23.0% compared to the same quarter last year. During the same period last year, the company earned $12.25 EPS. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 70.89 earnings per share for the current year. The Goldman Sachs Group Dividend Announcement The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $5.00 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 dividend on an annualized basis and a dividend yield of 2.3%. The Goldman Sachs Group’s dividend payout ratio (DPR) is 28.76%.
The Goldman Sachs Group News Roundup Here are the key news stories impacting The Goldman Sachs Group this week:
Positive Sentiment: Freedom Broker upgraded GS from “Hold” to “Buy” and set a $1,100 price target, implying approximately 25.6% upside from the referenced share price. However, the target was reduced from $1,200, which somewhat tempers the bullish signal. Freedom Broker upgrades Goldman Sachs to Buy Positive Sentiment: Goldman Sachs reported particularly strong equities performance in the third quarter, with net revenue rising 72% year over year to $6.44 billion. Robust client activity, financing demand and derivatives contributed to the result, supporting optimism about earnings momentum. Goldman Sachs equities revenue growth Positive Sentiment: Zacks upgraded Goldman Sachs to a Rank #2 (“Buy”), citing improving expectations for the company’s earnings prospects. Zacks upgrades Goldman Sachs to Buy Analysts Set New Price Targets A number of brokerages have recently issued reports on GS. BMO Capital Markets lowered their price target on The Goldman Sachs Group from $970.00 to $950.00 and set a “market perform” rating on the stock in a report on Monday, October 19th. Zacks Research downgraded The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, September 18th. Wall Street Zen raised The Goldman Sachs Group from a “hold” rating to a “buy” rating in a report on Saturday. Evercore restated an “outperform” rating on shares of The Goldman Sachs Group in a research report on Monday, July 6th. Finally, HSBC raised their price objective on The Goldman Sachs Group from $995.00 to $1,007.00 and gave the stock a “hold” rating in a research note on Monday, September 28th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, The Goldman Sachs Group currently has an average rating of “Hold” and an average target price of $1,052.48.
Get Our Latest Stock Analysis on The Goldman Sachs Group
The Goldman Sachs Group Company Profile (Free Report)
The Goldman Sachs Group, Inc is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individual investors. Its investment banking activities include advising on mergers and acquisitions, public and private offerings, restructurings and other strategic transactions.
Through its global markets businesses, Goldman Sachs helps clients buy and sell securities and other financial instruments and provides financing, risk management and market-making services.
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Goldman Sachs ve 3. čtvrtletí 2026 zvýšil výnosy z akciových aktivit meziročně o 72 % na 6,44 mld. USD, což představuje druhý nejlepší kvartální výsledek divize.
Key Takeaways Goldman's Equities revenues surged 72% y/y to $6.44B, its second-highest quarterly result.Equities financing revenues jumped 96% to a record $3.37B, while intermediation revenues rose 52%.Combined FICC and Equities financing revenues hit $12.7B in nine months, exceeding 40% of total revenues. The Goldman Sachs Group, Inc. (GS - Free Report) delivered robust performance in its Equities business in the third quarter of 2026, benefiting from strong client activity, rising financing demand and strength in derivatives. Third-quarter Equities net revenues surged 72% year over year to $6.44 billion, marking the company's second-highest quarterly performance in this business. For the first nine months of 2026, Equities revenues increased 57% year over year to $19.18 billion, reflecting sustained business momentum.
Goldman continues to benefit from robust demand for prime brokerage, portfolio financing and risk intermediation services. Management noted that demand for Equities financing exceeds available industry capacity, supporting attractive pricing and allowing the company to remain selective in capital deployment.
Multi-year investments in its global franchise, particularly in Asia, have strengthened its financing capabilities and supported higher client activity. These efforts, along with elevated average prime balances and strong activity across Asia, drove a 96% year-over-year surge in Equities financing revenues to a record $3.37 billion in the third quarter of 2026. Diversified client relationships and disciplined capital allocation further reinforce its competitive position.
Financing activities are also becoming an increasingly important growth driver for Goldman's trading business. In the first nine months of 2026, combined Fixed Income, Currencies and Commodities (“FICC”) and Equities financing revenues reached a record $12.7 billion, accounting for more than 40% of total FICC and Equities revenues. This growing contribution is expected to enhance revenue stability and reduce the dependence on transactional trading activity.
Overall, growing equity financing demand, expanding tradable assets and rising institutional financing needs should support Goldman's Equities business. However, market volatility, weaker trading activity, elevated interest rates and geopolitical uncertainties could weigh on revenues. Nonetheless, Goldman's strong market position, diversified financing platform and expanding client relationships position it well for long-term growth.
How Are Goldman's Peers Performing?Similar to Goldman, major Wall Street banks like Morgan Stanley (MS - Free Report) and JPMorgan (JPM - Free Report) also witnessed strong Equities performance.
Morgan Stanley reported Equity revenues of $5.80 billion in the third quarter of 2026, up 41% year over year, driven by strong client engagement and broad-based growth across Morgan Stanley’s businesses and regions, particularly Asia.
Similarly, JPMorgan reported Equity Markets revenues of $5 billion, up 49% year over year, driven by strong performance across products, particularly prime brokerage and derivatives. Strong client demand for financing and risk management solutions supported trading performance, highlighting continued momentum in JPMorgan’s Equities franchise.
Goldman’s Price Performance, Valuation & EstimatesGS shares have gained 13.7% in the past year compared with the industry’s growth of 6.4%.
Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, Goldman trades at a forward price-to-earnings (P/E) ratio of 12.37X, above the industry’s average of 12.31X.
Price-to-Earnings F12M
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for GS’s 2026 and 2027 earnings implies year-over-year rallies of 38% and 4.3%, respectively. Estimates for both years have been revised upward over the past week.
Estimate Revision Trend
Image Source: Zacks Investment Research
Goldman currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Goldman Sachs vyčlenil 500 milionů USD na další fázi programu 10 000 Small Businesses a spustil institut pro AI ve spolupráci se společnostmi Anthropic, Google, Meta a OpenAI.
New initiative brings together leading AI companies to equip Main Street for the AI economy
NEW YORK--(BUSINESS WIRE)--Goldman Sachs today announced the launch of the Goldman Sachs Small Business AI Institute, a significant extension of its signature 10,000 Small Businesses program aimed at supporting AI adoption and application. The Institute is partnering with the world’s leading AI companies – Anthropic, Google, Meta and OpenAI – to provide entrepreneurs across America with the training and tools they need to integrate AI into their operations and grow and scale their businesses.
The Institute is part of a new $500 million commitment the firm is making to fund the next chapter of 10,000 Small Businesses and deliver education, access to capital and support services to another 10,000 businesses. Since its launch in 2010, nearly 20,000 entrepreneurs across all 50 states and four U.S. territories have completed the program. Graduates add jobs four times faster than similarly-sized U.S. businesses and together represent more than $32 billion in annual revenue and over 350,000 jobs.
"Goldman Sachs has invested in small businesses for more than 15 years, because that is where job creation happens," said David Solomon, Chairman and CEO of Goldman Sachs. "Every major technology shift has rewarded the businesses that adapt most quickly. This commitment makes sure the entrepreneurs who are creating America's jobs can lead in the AI economy."
The Institute will focus on three key pillars: delivering high-quality AI education to small business owners across the country, publishing research on AI use by small businesses and supporting AI-enabled expansions to access to capital for small businesses.
As part of its initial activities, the Institute will develop a new learning series with Anthropic on applied AI for small businesses, hands-on workshops for Goldman Sachs’ 10,000 Small Businesses alumni and research collaborations on small business AI use. In addition, the Institute will work with Google to deliver its Grow with Google AI Professional certificate to almost 20,000 small business owners and their employees, including three months of no-cost access to Google AI Pro. Meta will collaborate with the Institute to help support entrepreneurs with AI tools and training for their businesses through Muse for Small Business. The Institute is also partnering with OpenAI to deliver tailored AI workshops across the country with 10,000 Small Businesses community college partners.
“We believe AI will create the greatest boom in entrepreneurship and small businesses that the world has ever seen. This is an incredible moment for anyone with an idea for a new endeavor because the gap between imagining it and bringing it to life is getting much smaller. We're excited to work with Goldman Sachs to help more entrepreneurs build and grow with ChatGPT,” said Sam Altman, Co-founder and CEO of OpenAI.
“Small businesses make up a significant share of the American economy, but they have never had the resources of bigger companies. AI is the first technology that can finally close that gap, and Anthropic is committed to making sure those gains reach startups and family businesses, not just large enterprises. We're glad to work with Goldman Sachs to help these small business owners rely on Claude to improve how work gets done and even build AI into their product offerings," said Daniela Amodei, Co-founder and President of Anthropic.
"Small businesses are the economic engine and heart of communities, and new technologies give them a powerful way to accelerate growth, profitability and hiring,” said Ruth Porat, President and Chief Investment Officer of Alphabet and Google. “By partnering with Goldman Sachs and the Small Business AI Institute, we are putting practical tools and training directly into the hands of nearly 20,000 entrepreneurs—helping them build for their future."
“Muse for Small Business has affirmed our longstanding belief in the importance of small businesses to both Meta and the economy. Small business owners are entrepreneurs, job creators and revenue drivers and we are proud to empower over 200 million of them on our platforms. We're excited to join Goldman Sachs' Small Business AI Institute to continue to bring the benefits of super intelligence to small business owners,” said Dina Powell McCormick, President and Vice Chairman of Meta.
According to a survey released today of over 2,400 10,000 Small Businesses graduates, 86 percent reported using AI in their business – a dramatic increase from 56 percent in 2024. However, only 15 percent said that AI is fully integrated into their core operations. More than three-quarters of graduates said they could use additional training and resources.
“The AI economy is a small business economy,” said Asahi Pompey, global head of Corporate Engagement at Goldman Sachs. “We want to enable AI adoption by delivering support that is practical, accessible and immediate."
For more information on the Goldman Sachs Small Business AI Institute, visit gs.com/SBAI.
About Goldman Sachs 10,000 Small Businesses
Goldman Sachs 10,000 Small Businesses is $1.25 billion commitment to help entrepreneurs create jobs and economic opportunity by providing a comprehensive business education program and access to capital and business support services. Since its launch over 15 years ago, 10,000 Small Businesses has served nearly 20,000 small businesses across the United States. The program has reached businesses from all 50 states, Puerto Rico, and Washington, D.C. Learn more at www.gs.com/10ksb.
About Goldman Sachs
The Goldman Sachs Group, Inc. is a leading global financial institution that delivers a broad range of financial services to a large 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.
Goldman Sachs nabídla 2,25 miliardy USD za společnost NEOS Investments, správce ETF s aktivy pod správou ve výši 36,5 miliardy USD, čímž posiluje své aktivity v oblasti správy aktiv.
Sometimes, it's a buyer's market. On other occasions, it's a seller's market. In the exchange-traded funds (ETFs) industry in 2026, it's both.
This year, eight ETF issuers have been acquired or are in the process of being acquired. Three others were purchased in the fourth quarter of 2025, so it's fair to say this is a busy stretch of ETF industry consolidation. Goldman Sachs (GS +1.03%) is participating in that trend.
Goldman Sachs is acquiring NEOS Investments, but alone, that deal won't send the stock back to its all-time high. Image source: Getty Images
Goldman, a top-20 U.S. ETF issuer, accounts for two of those 11 deals, with the most recent being the August announcement of a $2.25 billion bid to acquire privately held NEOS Investments. It's a smart deal for Goldman, but on its own, it may not be enough to return the stock to its all-time high. Let's get into why that may be the case.
The math is tricky
With a market value of nearly $270 billion as of Oct. 16, Goldman is one of the largest financial companies by market cap, so it takes a lot to move the needle on acquisitions.
Additionally, the stock closed at $881.26 on Oct. 16, well below the record closing high of $1,146.65 notched on July 15. So a 30.1% rally is required to get back to that all-time high. It's hard to envision a bolt-on acquisition being the driving force behind a 30% surge by a $270 billion company.
Goldman's bread and butter in terms of revenue and profit generation is investment banking and trading of assets such as bonds, commodities, currencies, and equities. So while Goldman Sachs Asset Management (GSAM), the roof under which the bank's ETF unit resides, manages an impressive $3.3 trillion in assets, the asset and wealth management unit contributed just $5.1 billion of the bank's $18.7 billion in third-quarter revenue.
GS Goldman Sachs Group$884.81+$9.03 (+1.03%)
NYSE · As of 4:00 PM ET 10/20/26
It's reasonable to surmise that if NEOS had been part of GSAM before the end of the third quarter, it would've boosted that unit's revenue, but not by enough to spark a 30% surge, and that may remain true even through 2028.
It's still a smart acquisition
Even if the NEOS purchase isn't the determining factor in sending Goldman shares back to record highs and beyond, the acquisition is likely to prove fruitful over the long term. When it was announced in August, NEOS had $30 billion in assets under management. Still, that figure has since swelled to $36.5 billion, cementing the target's status as one of the fastest-growing ETF issuers.
NEOS's growth is impressive. It's even more so when considering the issuer's initial batch of ETFs is barely more than four years old (it acquired some older funds).
That growth is a testament to the popularity of covered call ETFs, NEOS's specialty. In short order, NEOS has become one of the largest issuers of options income ETFs because many of its funds are adept at delivering high yields and large income streams to investors without subjecting them to erosion of their invested capital.
With dividend yields on broad equity benchmarks low and bond yields too high for comfort, alternative sources of income are all the more attractive, indicating that NEOS is positioned to be a long-term contributor to the broader Goldman Sachs ecosystem even if it doesn't carry the buyer's stock back to old glory.
Goldman Sachs ve třetím čtvrtletí meziročně zvýšila tržby o 23 % na 18,68 miliardy USD a vykázala zisk na akcii (EPS) ve výši 17,01 USD, což překonalo odhad analytiků ve výši 12,86 USD.
IFP Advisors Inc lessened its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 14.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,843 shares of the investment management company’s stock after selling 1,329 shares during the quarter. IFP Advisors Inc’s holdings in The Goldman Sachs Group were worth $7,062,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at approximately $24,172,123,000. Bank of America Corp DE acquired a new position in shares of The Goldman Sachs Group in the 2nd quarter valued at $6,756,772,000. Orange County Employees Retirement System purchased a new stake in The Goldman Sachs Group in the 2nd quarter valued at $69,537,544,000. Bank of New York Mellon Corp purchased a new stake in The Goldman Sachs Group in the 2nd quarter valued at $2,560,028,000. Finally, International Assets Investment Management LLC purchased a new stake in The Goldman Sachs Group in the 1st quarter valued at $2,024,921,000. Institutional investors and hedge funds own 71.21% of the company’s stock.
The Goldman Sachs Group Stock Performance NYSE GS opened at $880.48 on Monday. The stock has a market capitalization of $256.37 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 0.85 and a beta of 1.29. The business’s 50 day moving average is $974.71 and its two-hundred day moving average is $990.62. The Goldman Sachs Group, Inc. has a 12-month low of $740.01 and a 12-month high of $1,153.99. The company has a current ratio of 1.10, a quick ratio of 0.63 and a debt-to-equity ratio of 2.82.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its earnings results on Tuesday, October 13th. The investment management company reported $17.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.86 by $4.15. The business had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.55% and a net margin of 15.77%. The company’s revenue for the quarter was up 23.0% on a year-over-year basis. During the same period in the prior year, the business posted $12.25 EPS. Research analysts expect that The Goldman Sachs Group, Inc. will post 69.57 EPS for the current year. The Goldman Sachs Group Announces Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be issued a dividend of $5.00 per share. This represents a $20.00 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date of this dividend is Wednesday, December 2nd. The Goldman Sachs Group’s dividend payout ratio is currently 28.76%.
Key The Goldman Sachs Group News Here are the key news stories impacting The Goldman Sachs Group this week:
Positive Sentiment: Goldman Sachs reported third-quarter net revenue of approximately $18.7 billion, its second-highest quarterly total, while earnings increased 39% year over year. Strong equities trading and investment-banking fees supported the results, and financing activities accounted for more than 40% of trading revenue year to date. Zacks Analyst Blog Highlights Goldman Sachs Positive Sentiment: TD Cowen initiated coverage of Goldman Sachs with a Buy rating, adding a new bullish view after the company’s strong earnings report. TD Cowen Initiates Coverage Positive Sentiment: JPMorgan raised its Goldman Sachs price target from $955 to $970, implying meaningful potential upside from recent levels, although it retained a Neutral rating. JPMorgan Price Target Update Neutral Sentiment: Goldman CEO David Solomon said the underlying economy remains solid and capital-markets activity is strong, but abrupt interest-rate movements are creating headwinds. That suggests favorable deal activity may be offset by macroeconomic volatility. Goldman CEO David Solomon Interest Rate Warning Negative Sentiment: Analyst actions from RBC and Citigroup lowered expectations for Goldman Sachs, reinforcing concerns that the stock’s strong earnings are already reflected in its valuation. RBC Goldman Sachs Price Target Cut Citigroup Goldman Sachs Expectations Negative Sentiment: Goldman Sachs and other banks delivered earnings beats but saw their shares weaken as investors focused on mixed guidance, interest-rate uncertainty and a broader “sell-the-news” reaction. Why Bank Shares Are Falling Negative Sentiment: Goldman Sachs data showed hedge funds suffering losses as investors unwound AI-related trades amid inflation concerns and expectations for higher rates, adding to the risk-off environment affecting financial stocks. AI Trade Unwind Hurts Hedge Funds Analyst Ratings Changes Several brokerages have issued reports on GS. Oppenheimer downgraded shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 30th. BMO Capital Markets decreased their price objective on The Goldman Sachs Group from $972.00 to $970.00 and set a “market perform” rating for the company in a research report on Tuesday, October 6th. Royal Bank Of Canada lowered their target price on The Goldman Sachs Group from $1,220.00 to $1,010.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 14th. Keefe, Bruyette & Woods lowered their price objective on shares of The Goldman Sachs Group from $1,130.00 to $1,100.00 and set a “market perform” rating on the stock in a research report on Wednesday. Finally, Rothschild & Co Redburn boosted their price objective on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $1,051.23.
Check Out Our Latest Report on The Goldman Sachs Group
The Goldman Sachs Group Company Profile (Free Report)
The Goldman Sachs Group, Inc is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individual investors. Its investment banking activities include advising on mergers and acquisitions, public and private offerings, restructurings and other strategic transactions.
Through its global markets businesses, Goldman Sachs helps clients buy and sell securities and other financial instruments and provides financing, risk management and market-making services.
See Also Five stocks we like better than The Goldman Sachs Group These 3 Green Stocks Have a Growth Story That Goes Far Beyond Washington Meta Claims Frontier-Class AI Status With New Muse Wonder Models Berkshire Just Backed This Little-Known Stock—Should You Chase It? Broadcom’s CEO Sees Years of AI Demand But Warns of a Bigger Threat to the Boom Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS – Free Report).
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Goldman Sachs ve čtvrtletí vykázala zisk na akcii (EPS) ve výši 17,01 USD oproti očekávaným 12,86 USD a tržby ve výši 18,68 miliardy USD, což představuje meziroční nárůst o 23 %.
First Citizens Bank & Trust Co. lifted its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 76.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,976 shares of the investment management company’s stock after purchasing an additional 2,588 shares during the period. First Citizens Bank & Trust Co.’s holdings in The Goldman Sachs Group were worth $5,381,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in The Goldman Sachs Group in the second quarter valued at approximately $24,172,123,000. Bank of America Corp DE acquired a new stake in shares of The Goldman Sachs Group in the second quarter valued at approximately $6,756,772,000. Orange County Employees Retirement System bought a new position in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $69,537,544,000. Corient Private Wealth LLC boosted its stake in shares of The Goldman Sachs Group by 1,657.7% during the 4th quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock worth $2,282,312,000 after acquiring an additional 2,448,767 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of The Goldman Sachs Group during the 2nd quarter worth approximately $2,560,028,000. Institutional investors own 71.21% of the company’s stock.
The Goldman Sachs Group Trading Down 1.7% GS stock opened at $877.07 on Thursday. The company has a debt-to-equity ratio of 2.82, a quick ratio of 0.63 and a current ratio of 1.10. The company’s 50-day simple moving average is $980.74 and its 200 day simple moving average is $989.49. The Goldman Sachs Group, Inc. has a 52 week low of $740.01 and a 52 week high of $1,153.99. The company has a market capitalization of $255.38 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 0.98 and a beta of 1.29.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its quarterly earnings data on Tuesday, October 13th. The investment management company reported $17.01 earnings per share for the quarter, topping the consensus estimate of $12.86 by $4.15. The business had revenue of $18.68 billion during the quarter, compared to analysts’ expectations of $16.83 billion. The Goldman Sachs Group had a net margin of 15.77% and a return on equity of 19.55%. The business’s revenue was up 23.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $12.25 EPS. As a group, sell-side analysts anticipate that The Goldman Sachs Group, Inc. will post 67.48 earnings per share for the current year. The Goldman Sachs Group Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 30th. Shareholders of record on Wednesday, December 2nd will be issued a $5.00 dividend. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 annualized dividend and a yield of 2.3%. The Goldman Sachs Group’s payout ratio is currently 30.87%.
Analyst Ratings Changes A number of research firms recently weighed in on GS. Wells Fargo & Company dropped their price target on The Goldman Sachs Group from $1,325.00 to $1,175.00 and set an “overweight” rating on the stock in a research note on Friday, September 25th. Oppenheimer lowered shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 30th. Jefferies Financial Group set a $1,299.00 price target on shares of The Goldman Sachs Group in a report on Wednesday, July 15th. Loop Capital set a $1,050.00 price target on shares of The Goldman Sachs Group in a report on Thursday, October 8th. Finally, Barclays raised their price objective on shares of The Goldman Sachs Group from $1,048.00 to $1,245.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $1,050.55.
Check Out Our Latest Report on GS
The Goldman Sachs Group News Summary Here are the key news stories impacting The Goldman Sachs Group this week:
Positive Sentiment: Goldman Sachs reported third-quarter EPS of $17.01 versus the $12.86 consensus estimate, while revenue rose 23% year over year to $18.68 billion, exceeding expectations. Net income increased 29% to $5.29 billion. Reuters earnings report Positive Sentiment: Equities revenue surged 72% to $6.44 billion, investment-banking fees climbed 21%, and wealth-management assets reached a record $2.1 trillion. The board also declared a $5-per-share quarterly dividend, and Goldman returned $4.49 billion to shareholders during the quarter. Zacks earnings analysis Positive Sentiment: CEO David Solomon described Goldman’s business as “big, durable and diverse,” said the underlying economy remains strong, and reiterated that no leadership succession transition is underway. Jim Cramer also identified GS as his favorite bank stock following the results. CNBC interview with David Solomon Neutral Sentiment: Citigroup cut its GS price target to $1,000 from $1,050 and retained a Neutral rating, while RBC lowered its target to $1,010 from $1,220 and assigned a Sector Perform rating. The targets still imply upside, but the reductions signal more cautious valuation expectations. Benzinga analyst target changes Negative Sentiment: Hotter-than-expected inflation data pressured financial stocks and raised concerns that interest rates could remain elevated. Solomon warned that abrupt rate moves could create headwinds, while analysts cited late-cycle risks and Goldman’s already-premium valuation. Benzinga analysis of GS weakness Negative Sentiment: A Treasury review found that major U.S. banks’ reputation-risk policies could allow political or social considerations to influence access to banking services. Although no company-specific action was announced, the findings could increase regulatory and reputational scrutiny for Goldman Sachs. CNBC Treasury review (Free Report)
The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.
Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.
Further Reading Five stocks we like better than The Goldman Sachs Group Tesla Wants to Make Its Own Chips—What Could Go Wrong? IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver? PBF Energy’s Stunning Rally Faces a Critical Test Citi Stock Falls Despite Earnings Beat: What Investors Need to Know Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS – Free Report).
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The Goldman Sachs Group, Inc (NYSE:GS) on Tuesday reported upbeat earnings for the third quarter.
The company posted quarterly earnings of $17.01 per share which beat the analyst consensus estimate of $13.08 per share. The company reported quarterly sales of $18.679 billion which beat the analyst consensus estimate of $16.705 billion.
Goldman Sachs’ Board of Directors declared a quarterly dividend of $5 per common share on Oct. 12, 2026, payable on Dec. 30 to shareholders of record as of Dec. 2, 2026.
Goldman Sachs shares fell 2.2% to trade at $872.79 on Wednesday.
These analysts made changes to their price targets on Goldman Sachs following earnings announcement.
RBC Capital analyst Gerard Cassidy maintained the stock with a Sector Perform and lowered the price target from $1220 to $1010. Keefe, Bruyette & Woods analyst Christopher McGratty maintained the stock with a Market Perform and lowered the price target from $1130 to $1100. Considering buying GS stock? Here’s what analysts think:
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Perpetual Ltd reduced its holdings in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 92.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 2,228 shares of the investment management company’s stock after selling 27,761 shares during the quarter. Perpetual Ltd’s holdings in The Goldman Sachs Group were worth $2,006,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of GS. Strive Financial Group LLC lifted its holdings in The Goldman Sachs Group by 316.7% during the 2nd quarter. Strive Financial Group LLC now owns 25 shares of the investment management company’s stock worth $25,000 after buying an additional 19 shares during the period. BOK Financial Private Wealth Inc. grew its position in shares of The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after buying an additional 17 shares during the last quarter. Turim 21 Investimentos Ltda. bought a new stake in shares of The Goldman Sachs Group in the 1st quarter valued at about $25,000. Steph & Co. acquired a new stake in shares of The Goldman Sachs Group in the first quarter valued at about $27,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $29,000. Institutional investors own 71.21% of the company’s stock.
Wall Street Analysts Forecast Growth GS has been the subject of a number of analyst reports. Keefe, Bruyette & Woods raised their price objective on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a “market perform” rating in a research report on Wednesday, July 15th. Jefferies Financial Group set a $1,299.00 target price on The Goldman Sachs Group in a report on Wednesday, July 15th. Oppenheimer downgraded shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 30th. JPMorgan Chase & Co. raised their price target on shares of The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a “neutral” rating in a report on Wednesday, July 15th. Finally, Loop Capital set a $1,050.00 price target on shares of The Goldman Sachs Group in a research report on Thursday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $1,055.09.
Check Out Our Latest Stock Report on GS Key Headlines Impacting The Goldman Sachs Group Here are the key news stories impacting The Goldman Sachs Group this week:
Positive Sentiment: Major earnings beat: Third-quarter revenue rose 23% year over year to $18.68 billion, while net income increased 29% to $5.29 billion. Diluted EPS of $17.01 exceeded the $12.86 consensus estimate by $4.15. Goldman Sachs quarterly profit rises on equities strength Positive Sentiment: Equities and investment banking led results: Equities trading revenue surged 72% to $6.44 billion, supported by stronger financing and derivatives activity. Investment-banking fees rose 21% as underwriting and dealmaking recovered. Goldman Q3 Earnings Beat on Strong Equities and IB Revenues Positive Sentiment: Wealth management reached a new record: Goldman supervised $2.1 trillion in wealth-management assets and conducted its largest-ever private-wealth-advisor training class, supporting the firm’s longer-term asset-gathering strategy. Goldman Sachs Supervised $2.1 Trillion in Wealth Management Assets Neutral Sentiment: CEO David Solomon said there is no succession transition or timetable underway, removing an immediate leadership overhang. He also described Goldman as well positioned despite geopolitical and economic uncertainty. Goldman Sachs profits jump as CEO says no plans to exit Negative Sentiment: Mixed business quality and valuation concerns: Fixed-income and rates trading fell short of expectations, total revenue declined sequentially from the prior quarter, and analysts argue the stock already reflects a premium valuation. Persistent inflation, elevated interest rates, geopolitical risks and uncertainty around AI-related financing could also pressure activity and multiples. Goldman Sachs Q3: The Business Deserves a Premium. The Stock Already Has One The Goldman Sachs Group Price Performance Shares of NYSE GS opened at $892.43 on Wednesday. The firm has a market capitalization of $259.85 billion, a P/E ratio of 13.77, a P/E/G ratio of 0.98 and a beta of 1.29. The firm’s 50-day moving average price is $984.44 and its 200-day moving average price is $989.10. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17. The Goldman Sachs Group, Inc. has a 1-year low of $740.01 and a 1-year high of $1,153.99.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its earnings results on Tuesday, October 13th. The investment management company reported $17.01 EPS for the quarter, beating analysts’ consensus estimates of $12.86 by $4.15. The business had revenue of $18.68 billion during the quarter, compared to analyst estimates of $16.83 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%. The firm’s revenue was up 23.0% compared to the same quarter last year. During the same period in the previous year, the company posted $12.25 EPS. Equities research analysts anticipate that The Goldman Sachs Group, Inc. will post 67.48 earnings per share for the current fiscal year.
The Goldman Sachs Group Announces Dividend The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 30th. Investors of record on Wednesday, December 2nd will be given a dividend of $5.00 per share. The ex-dividend date of this dividend is Wednesday, December 2nd. This represents a $20.00 annualized dividend and a dividend yield of 2.2%. The Goldman Sachs Group’s payout ratio is presently 30.87%.
(Free Report)
The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.
Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.
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Šéf Goldman Sachs David Solomon před volbami v polovině volebního období očekává politickou volatilitu kolem výstavby datových center pro AI; rostoucí potřeby financování a tlak na úrokové sazby mohou ovlivnit návratnost a životaschopnost některých projektů.
Goldman Sachs (GS.N) CEO David Solomon said on Tuesday it would be interesting to watch for political volatility around AI centers ahead of midterm elections.
Speaking at an analysts' call for quarterly earnings, he also said as the financing needs for AI projects grow and there is pressure on rates, it could affect the returns and the viability of certain projects.
"Localized political volatility around data centers. You know, we've got an election coming up. It'll be interesting to see," Solomon said.
"Obviously there's a lot of political discussion coming into an election, but then you also have to see how states and localities act coming out of elections. All these things can create you know volatility, and there's uncertainty around them."
Data centers, which provide the computing power needed to train and run AI models, have faced growing opposition from communities across the United States.
Residents have raised concerns about their rising electricity demand, the potential for higher utility bills and other environmental impacts on local communities.
The artificial intelligence buildout is on track to require a larger share of U.S. output than the rollout of electricity, railroads, interstate highways or the internet, with an increasingly complicated financial structure that poses potentially systemic risks, according to a new study.
The expansion will consume around 3.6% of gross domestic product annually through 2032, or more than $10 trillion, and is using ever more intricate financing arrangements, Stijn Van Nieuwerburgh, a finance and real estate professor at Columbia Business School, wrote in a paper prepared for a Brookings Institution conference last month.
"There's going to be infrastructure built around it that's going to be quite significant," Goldman's Solomon.
"But we feel very well positioned to bring the full range of services and participate actively, and we still see an enormous amount of activity."
Goldman is a financial partner with Nvidia (NVDA.O), which in August announced it has partnered with six major financial institutions to launch compute platforms aimed at raising over $500 billion in third-party capital for AI infrastructure.
Goldman Sachs ve třetím čtvrtletí dosáhla EPS ve výši 17,01 USD, což představuje meziroční nárůst o 38,9 %, díky 72% růstu výnosů z obchodování s akciemi na 6,44 miliardy USD.
Goldman Sachs ve třetím čtvrtletí výrazně překonala očekávání trhu díky silnému výkonu obchodování s akciemi a investičního bankovnictví. Přestože výnosy z obchodování s dluhopisy i vyšší náklady zaostaly za odhady, banka vykázala nadprůměrnou ziskovost, výrazný příliv nových aktiv a pokračovala v rozšiřování svého byznysu prostřednictvím akvizic. Akcie v pre-marketu rostou o 3,2 %.
Celkové výnosy banky činily 18,68 miliardy dolarů (meziročně +23 %), přičemž divize Global Banking & Markets vygenerovala 13,46 miliardy dolarů (meziročně +33 %), což výrazně překonalo očekávání trhu ve výši 11,8 miliardy dolarů.
Výnosy z obchodování s pevným výnosem dosáhly 3,47 miliardy dolarů (meziročně -0,0 %) a nestačily tak na očekávaných 3,72 miliardy dolarů. Generální ředitel David Solomon přitom již v září upozorňoval, že třetí čtvrtletí bude pro tuto divizi slabší, když banka, podobně jako její konkurenti, čelí tlaku rostoucích výnosů státních dluhopisů, které zhoršují podmínky pro financování a kapitálové trhy.
Naopak výnosy z obchodování s akciemi vyskočily na 6,44 miliardy dolarů (meziročně +72 %), výrazně nad konsensem 5,09 miliardy dolarů, přesto ale zůstaly pod rekordními 7,42 miliardami dolarů z předchozího čtvrtletí.
Dařilo se také investičnímu bankovnictví. Tržby z této oblasti dosáhly 3,23 miliardy dolarů (meziročně +21,6 %)oproti očekávaným 2,86 miliardy dolarů. Výnosy z poradenství při fúzích a akvizicích vzrostly na 1,65 miliardy dolarů, zatímco emise akcií přinesly 666 milionů dolarů a emise dluhopisů 904 milionů dolarů, v obou případech nad odhady analytiků.
Zisk na akcii (EPS) dosáhl 17,01 USD (meziročně +38,9 %) a návratnost vlastního kapitálu (ROE) činila 18,7 %, výrazně nad tržním očekáváním okolo 14 %. Pozitivně překvapil i ukazatel efektivity banky, když poměr nákladů k výnosům dosáhl 59,4 % oproti očekávaným 65,5 %. Objem aktiv pod správou dosáhl 4,10 bilionu dolarů, zatímco čisté přílivy do spravovaných fondů činily 83 miliard dolarů. Úvěrové portfolio vzrostlo na 276 miliard dolarů.
Generální ředitel David Solomon uvedl, že navzdory současné nejistotě a složité geopolitické situaci zůstává banka ve velmi dobré pozici k dalšímu růstu a obsluze klientů.
Na druhou stranu provozní náklady vzrostly na 11,31 miliardy dolarů a překonaly odhady trhu. Banka uvedla, že za tím stojí především vyšší transakční náklady a růst odměn zaměstnanců související se silnějším obchodním výkonem. Podle Bloombergu by si vrcholoví manažeři banky mohli již tento měsíc rozdělit speciální odměny přesahující 500 milionů dolarů, pokud se akcie udrží na současných úrovních.
Zajímavostí je také prudký nárůst takzvaných incentivních poplatků, které meziročně vzrostly téměř osmkrát na 587 milionů dolarů. Podle Bloomberg News za tím stojí mimo jiné zprostředkování investic pro bohaté klienty do společnosti SpaceX v jejích dřívějších kolech financování. Výnosy z těchto transakcí údajně překonaly i odměnu, kterou banka získala za poradenství při rekordním vstupu jiné firmy na burzu.
Goldman Sachs zároveň pokračuje v rozšiřování své divize správy aktiv. Ve třetím čtvrtletí koupila poskytovatele burzovně obchodovaných fondů NEOS Investments za 2,25 miliardy dolarů a společnost LCN Capital Partners, investora do komerčních nemovitostí, za částku až 410 milionů dolarů.
Akciové odměny Goldman Sachs vázané na výkonnost mohou mít pro přibližně 20 vrcholových manažerů hodnotu více než 500 milionů USD; hodnota podílu generálního ředitele Davida Solomona vzrostla z 30 milionů USD na zhruba 100 milionů USD.
Goldman Sachs awarded performance stock to its top executives back in 2021, and three years of share price gains have quietly turned those grants into something much larger than anyone publicly discussed at the time.
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When Goldman Sachs (NYSE:GS | GS Price Prediction) announced its special stock award plan in 2021, chief executive David Solomon’s share was worth about $30 million. At the October 8, 2026 close of $882.59, the same award is valued at about $100 million, a change driven entirely by the share price.
About 20 executives are in line for more than $500 million in total. Performance is measured at the end of October 2026, so the final value can still change.
The stock fell 0.64% on October 8. Pay this large gets scrutiny, but the evidence suggests the plan worked as designed.
Units Granted in 2021 Set the Payout, and the Share Price Did the Rest These are Shareholder Value Creation awards. Goldman granted them to Solomon and president John Waldron in October 2021 and to other management committee members in January 2022.
They are performance share units. Each executive received a fixed number of units, and those units are worth whatever the stock and the performance formula say they are worth when performance is measured. Solomon received 73,264 units, and Waldron received 48,843. Both grants used a reference price of $409.48.
Half the payout depends on Goldman’s total shareholder return, which means price gains plus dividends. The other half compares that return with a peer group of large U.S. banks, capped at 150% of target. Goldman has disclosed the units, the formula, and the cap.
Why the Payout Barely Dents Goldman’s Profits Goldman made $6.63 billion in net income in the second quarter of 2026 alone. Revenue for that quarter was a record $20.34 billion. Compared with those figures, a one-time payout spread across about 20 people is a small cost.
In the same quarter, the firm returned $5.36 billion to common shareholders. The awards are unlikely to limit that capacity going forward.
In 2025, only about 66% of votes approved Goldman’s executive pay, weak support for a large company. Both major proxy advisors opposed the retention awards, which gave Solomon and Waldron $80 million each in January 2025 and vest in 2030.
Solomon’s total pay for 2025 was $47 million. Add the retention award and this payout, and his total exposure rises well above his annual pay. A stock that gained about 180% over three years clears almost any return hurdle. The peer comparison against Goldman’s largest competitors will likely determine how much of the payout above target Solomon actually gets.
What the Pay Plan Means for GS Shareholders Executive pay rose because the stock rose, which is what the plan was built to reward. The cost is small next to Goldman’s earnings, though the weak say-on-pay vote shows investors will push back harder on future awards.
Shares trade about 23.5% below the 52-week high of $1,153.99. TD Cowen just started covering the stock with a Buy rating and a $1,050 price target.
Goldman reports third-quarter results before the market opens on October 13, 2026. Analysts’ average estimates range from about $13.30 to $15.40 per share. The firm has beaten estimates for 6 consecutive quarters.
This view is wrong if third-quarter earnings come in below $13.30 per share. A result that low would suggest the dealmaking surge behind the stock’s run is fading. Goldman’s next proxy statement will show the final payout, and that number will tell you whether the board’s pay discipline matches its profits.
Contact [email protected] for any questions or corrections.
The Goldman Sachs Group, Inc. (NYSE:GS) will release its third-quarter earnings report before the opening bell on Tuesday, Oct. 13.
Analysts expect the company to report quarterly earnings of $13.51 per share, up from $12.25 per share in the year-ago period. The consensus estimate for Goldman’s quarterly revenue is $16.99 billion. It reported $15.18 billion last year, according to Benzinga Pro.
Ahead of quarterly earnings, TD Cowen analyst R. Scott Siefers initiated coverage of Goldman Sachs on Thursday with a Buy rating and a price target of $1,050.
With the recent buzz around Goldman Sachs, some investors may be eyeing potential gains from the company’s dividends too. As of now, Goldman Sachs has an annual dividend yield of 2.27%, which is a quarterly dividend amount of $5.00 per share ($20.00 a year).
So, how can investors generate a regular $500 monthly from its dividend yield?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $264,777 or around 300 shares. For a more modest $100 per month or $1,200 per year, you would need $52,955 or around 60 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($20.00 in this case). So, $6,000 / $20.00 = 300 shares ($500 per month), and $1,200 / $20.00 = 60 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
GS Price Action: Shares of Goldman Sachs fell 0.5% to close at $882.59 on Thursday.
Goldman Sachs před zveřejněním výsledků čelí nákladům vyšším o více než 500 milionů USD a slabším výsledkům obchodování s dluhopisy, měnami a komoditami; klíčové budou poplatky za dokončené transakce.
Strong equities trading must offset softer fixed income, higher expenses and a quieter investment portfolio. Summary
Goldman enters earnings with activity—but less room for weak deal execution.
Goldman Sachs GS, the global investment bank, approaches its October 13 earnings report with shares down approximately 0.52% to $882.60 at 10.44am EST on October 8. According to Reuters, elevated yields are putting deal activity and bank funding costs under scrutiny. For Goldman, the question is simple: How much of its deal pipeline will turn into fees?
Expenses add another hurdle. CEO David Solomon told investors that equities activity remained strong, while fixed-income, currency and commodity trading was softer. He also flagged a quieter investment-income contribution and a sequential increase of more than $500 million in non-compensation expenses, partly tied to technology spending and transaction costs. Strong stock trading helps. A bigger expense bill raises the bar for earnings.
The valuation snapshot puts the shares 5.53% above the $836.38 GF Value™ estimate, suggesting investors are still paying a modest premium despite the decline. That leaves Goldman with something to prove. Trading can support the quarter, but delayed underwriting fees and rising costs could squeeze margins. Investors should watch whether management offers concrete evidence that deals can close in the fourth quarter. A busy pipeline only pays shareholders when the fees arrive.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Goldman Sachs vyplácí čtvrtletní dividendu 5,00 USD na akcii, o 11 % více než předchozích 4,50 USD. Roční forwardová dividenda tak stoupla na 20,00 USD na akcii.
Goldman Sachs just handed shareholders a bigger quarterly check for the second time this year, but the real question is whether the earnings surge and capital cushion that made it possible can hold long enough to justify expecting another raise.
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Goldman Sachs (NYSE:GS | GS Price Prediction) shareholders who held through the ex-dividend date just collected a larger quarterly check. The investment bank paid $5.00 per share on September 29, 2026, up from the $4.50 per share it paid in June. That step-up represented an 11% increase over the prior quarterly rate.
The payment was declared on July 13, 2026, and the ex-dividend date was September 1, 2026. Investors who owned shares before that date qualified for the payout. Anyone who bought on or after September 1 missed this one and will need to wait for the next declaration.
Dividend Scorecard: A $20 Forward Rate After Back-to-Back Raises The latest raise brings Goldman’s annualized forward dividend rate to $20.00 per share. Over the trailing 12 months, shareholders collected $18.00 per share. The gap between those two figures shows how quickly the payout has climbed in 2026.
Metric Value Latest quarterly dividend $5.00 Prior quarterly dividend $4.50 Trailing 12-month dividends $18.00 Annualized forward rate $20.00 Share price $888.00 Dividend yield 1.4% A yield under 2% is modest by income-screen standards. Goldman’s appeal for income investors rests on how fast the payout grows. The stock has also pulled back 15.4% over the past month, which pushes the yield higher for new buyers. Shares remain up 1.2% year to date and 13.2% over the past year, and they trade at roughly 14 times trailing earnings and 13 times forward earnings.
Safety Check: Earnings Coverage Leads the Verdict Earnings coverage offers the best read on whether a dividend can last, and Goldman’s is wide. Trailing diluted earnings per share stand at $65.88, compared with $18.00 in dividends paid per share over the same stretch. Profits comfortably exceed the payout.
Quarterly figures show similar coverage. In the quarter ended June 30, Goldman earned $6.628 billion in net income and paid $1.36 billion in common dividends. In the March quarter, net income was $5.63 billion against $1.38 billion in dividends.
Second-quarter results exceeded forecasts. Diluted EPS came in at $20.98, beating the $14.54 consensus estimate, and net revenues of $20.34 billion topped expectations of $16.40 billion. That marked Goldman’s fifth consecutive EPS beat, and net income rose 78.03% year over year.
Why Cash Flow Looks Messy at a Bank Income investors used to judging dividends by free cash flow should read Goldman’s cash flow statement with care. At a trading-heavy bank, operating cash flow moves with the size of trading inventories and client balances, so it rarely tracks profitability. Goldman reported annual operating cash flow of −$45.154 billion in 2025, while earning $17.176 billion in net income and paying $5.277 billion in common dividends. Quarterly operating cash flow turned from −$31.868 billion in the March quarter to $6.105 billion in the June quarter, when capital expenditures totaled $502 million.
Those swings reflect balance sheet activity. For a bank, earnings and regulatory capital give the best read on payout safety.
Capital Cushion Gives the Dividend Room Regulators require large banks to hold a minimum layer of high-quality capital, measured by the common equity tier 1 (CET1) ratio. Goldman ended the second quarter with a CET1 ratio of 12.9%, against a current requirement of 11.4%, leaving a margin of 150 basis points. Its stress capital buffer of 3.4% is effective through September 2027.
Chief Financial Officer Denis Coleman laid out the priority order on the July 14 earnings call: “Our capital management priorities remain unchanged, which are to invest in our business at attractive returns, sustainably grow our dividend, and return excess capital to shareholders through buybacks.”
Buybacks remain substantial alongside the dividend. Goldman returned $6.38 billion to shareholders in the first quarter and $5.36 billion in the second, when it bought back 4.1 million shares at an average cost of $984.57. Common shares outstanding fell from 317.6 million at the end of 2025 to 304.9 million at the end of June. A shrinking share count makes each future per-share raise easier to fund.
Track Record Points Firmly Upward The per-share payout has climbed twice in 2026 alone. Goldman paid $4.00 in December 2025, raised the quarterly rate to $4.50 in January (a 12.5% increase), and lifted it again to $5.00 with the July 2026 declaration.
Total common dividends paid also rose almost every year, from $1.81 billion in 2018 to $5.277 billion in 2025. Chair and CEO David Solomon put the growth in context during the July call: “In line with our priority to sustainably grow our dividend, we recently announced an increase in our quarterly dividend to $5 a share, representing a 25% increase versus a year ago and a 150% increase over the last five years.”
Recent momentum, including two raises in 2026, offers the best gauge of Goldman’s dividend growth. (For holders who want that growth to fund a lifetime of income without ever selling the shares, we built a free dividend ladder guide that walks through the structure.)
What Income Investors Should Watch Next Three items matter most for the next payout:
First, the third-quarter earnings report will show whether the dealmaking surge holds up; Solomon described a growing advisory backlog and expects the “flywheel of activity” to continue. Second, the CET1 margin should stay well above the 11.4% requirement. Third, management cited trade and tariff policy, Middle East conflict, and market volatility as risks, and any of those could cool trading and banking revenue. Investors will also see more talk about leadership. Fortune on Thursday described media speculation about a change at the top of Goldman as misleading gossip. The dividend policy rests on a capital framework that management has consistently reiterated, so the payout path depends more on earnings and capital than on headlines.
Goldman’s dividend is well covered, backed by a capital buffer above regulatory minimums, and growing at a steady pace. The recent pullback in the share price has lifted the yield modestly for investors focused on dividend growth. For income holders, the $5.00 check that just arrived looks like a base for future raises, provided earnings keep pace.
Contact [email protected] for any questions or corrections.
Fed schválil změny zátěžových testů bank, které mají snížit volatilitu kapitálových požadavků zhruba o 50 %. Od roku 2028 se SCB bude počítat z průměru dvou posledních testů.
Key Takeaways JPMorgan and peers could see steadier capital planning as SCB volatility falls roughly 50%.Two-year SCB averaging may moderate sharp capital swings, but broad relief is unlikely for U.S. banks.Trading exposure and fee-income mix could shape how much flexibility each bank gains under the new framework. The Federal Reserve has finalized major changes to its annual bank stress-testing framework, seeking to make the process more transparent and reduce fluctuations in stress-related capital requirements. The overhaul should give large banks greater visibility into future capital needs, though it is unlikely to result in broad-based capital relief.
The Fed finalized two rules that largely follow proposals released in 2025 and significantly modify the framework used to determine stress capital buffers (SCBs). Under the first rule, the central bank will seek public feedback each year on its hypothetical stress scenarios and material changes to the models used to estimate bank losses. It will also provide additional documentation on those models and revise the annual testing calendar. These steps should give banks greater insight into the assumptions that influence their regulatory capital requirements.
The changes are particularly relevant for major U.S. banks, including JPMorgan Chase & Co. (JPM - Free Report) , Bank of America Corporation (BAC - Free Report) , Citigroup Inc. (C - Free Report) , Wells Fargo & Company (WFC - Free Report) and The Goldman Sachs Group, Inc. (GS - Free Report) . Under the second rule, beginning in 2028, a bank's SCB will be calculated using the average results of its two most recent annual supervisory stress tests, provided it participated in both. According to the Fed, the combined changes could reduce year-over-year volatility in capital requirements by roughly 50%, while leaving aggregate capital requirements across the banking system broadly unchanged.
How Fed Stress-Test Changes Could Affect Major U.S. BanksThe revised framework could improve capital planning stability for major banks, including JPM, BAC, C, WFC and GS. Smoother SCB requirements should make it easier for them to plan dividends, share repurchases, lending activity and balance-sheet growth without having to respond as sharply to a single year's stress-test outcome.
The impact, however, is likely to vary, depending on each bank's existing capital requirements. JPMorgan, Bank of America and Wells Fargo currently have SCBs of 2.5% compared with 3.6% for Citigroup and 3.4% for Goldman Sachs. For JPM, BAC and WFC, the revised methodology is therefore more likely to reduce the risk of a sharp future increase in required capital than provide immediate relief. For C and GS, averaging two years of results could moderate the impacts of an unusually adverse stress-test outcome and support more consistent capital-allocation decisions.
Potential benefits could be partly offset for banks with sizable trading operations. Under the revised framework, firms with large trading books will be subject to two global market-shock components, with the scenario generating the larger loss used in the stress-test calculation. This provision could be particularly relevant for banks such as Goldman Sachs, JPMorgan and Citigroup, given their substantial capital-markets and trading businesses.
The Fed is also seeking feedback on revisions to its non-interest-income model to better reflect differences in banks' fee-generating businesses. Changes in this area could affect institutions with significant exposure to investment banking, trading, wealth management and asset management, adding another bank-specific factor to future stress-test outcomes.
Final Thoughts on Fed Stress Test RevampOverall, the stress-test overhaul appears geared more toward reducing regulatory uncertainty than lowering capital requirements. Greater transparency and the use of two-year average stress-test results should make capital needs less sensitive to a single adverse scenario, giving major banks a steadier foundation for planning buybacks, dividends and balance-sheet deployment.
However, the ultimate benefit will remain bank-specific, with trading exposure, fee-income mix, stress-test performance and existing capital cushions determining how much flexibility each institution gains. Thus, while the new framework should improve capital-planning visibility, it is unlikely to materially loosen the industry's overall capital constraints.
Goldman Sachs podle zprávy připravuje nástupnictví, v němž by se šéfem stal John Waldron a Davida Solomona by mohl nahradit už příští rok. Waldron by pak převzal nejvyšší funkci na konci roku 2027 nebo v roce 2028. Solomon by poté přešel na pozici výkonného předsedy na jeden až dva roky.
The Goldman Sachs board of directors is quietly finalizing a succession plan that would elevate Chief Operating Officer John Waldron to chief executive, replacing David Solomon as early as next year, according to a report.
The blueprint sees Waldron assuming the top job in late 2027 or 2028, the Wall Street Journal reported Monday, citing people familiar with the matter.
John Waldron, COO and president of Goldman Sachs, has long been tipped as the heir apparent for the CEO job. REUTERS Solomon, 64, would then transition to executive chairman of the board for one to two years. While the exact timeline remains fluid, directors could formally approve the transition in the coming months, the newspaper reported.
The handover would cap a defining decade for Solomon. He weathered a turbulent stretch marked by partner defections, internal grumbling over his side gig as a DJ, and a disastrous foray into consumer lending. That retail banking experiment cost the firm roughly $7 billion before Goldman retreated.
However, Solomon recently engineered a massive rebound.
By ditching the consumer business and refocusing on Goldman’s traditional Wall Street golden geese such as dealmaking, trading, and wealth management, he pushed the bank’s stock to record highs.
The price of the Wall Street giant’s shares has quadrupled since Solomon took command in October 2018.
David Solomon, CEO of Goldman Sachs, arrives for a state dinner hosted by President Trump for Chinese leader Xi Jinping in Washington, DC, Thursday. REUTERS Waldron, 57, has served as president and COO since 2018 and has long been the heir apparent.
After Waldron engaged in serious talks to lead Apollo Global Management and Carlyle in recent years, Goldman moved aggressively to retain the master dealmaker with an extensive network of corporate and government relationships around the world.
To prevent an exit, the board awarded both Waldron and Solomon $80 million retention bonuses in January 2025 and added Waldron to the board of directors.
His impending promotion will trigger a high-stakes leadership shuffle. Finance Chief Denis Coleman has already begun absorbing Waldron’s operational duties. Coleman now oversees human resources and a major artificial intelligence initiative dubbed “OneGS 3.0” designed to boost internal productivity.
More critically, Waldron’s ascension opens the firm’s presidency. The board faces a delicate balancing act to fill the No. 2 role without losing star executives who miss out on the title.
Top contenders include Marc Nachmann, who spearheads the pivotal asset and wealth management division, alongside the co-heads of global banking and markets, Ashok Varadhan and Dan Dees.
Dees recently boosted his internal profile by securing Goldman the coveted lead role on the SpaceX initial public offering.
In a statement to The Post late Monday, a Goldman Sachs spokesperson pushed back on the reported timeline, saying: “Of course the Board regularly discusses succession, as we disclose in our filings, but there is no definitive timeline for succession at Goldman Sachs. Any assertions about timing are just speculation.”
Goldman Sachs v posledním obchodním dni klesl o 2,05 % a za poslední měsíc odepsal 9,53 %, více než širší trh i finanční sektor. Investoři čekají na výsledky, které firma zveřejní 13. října 2026.
Goldman Sachs (GS - Free Report) ended the recent trading session at $916.28, demonstrating a -2.05% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.77% for the day. Elsewhere, the Dow lost 0.67%, while the tech-heavy Nasdaq lost 0.92%.
The investment bank's stock has dropped by 9.53% in the past month, falling short of the Finance sector's loss of 3.48% and the S&P 500's gain of 0.96%.
The investment community will be closely monitoring the performance of Goldman Sachs in its forthcoming earnings report. The company is scheduled to release its earnings on October 13, 2026. The company's upcoming EPS is projected at $15.18, signifying a 23.92% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $17.14 billion, showing a 12.91% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $69.64 per share and revenue of $71.62 billion. These totals would mark changes of +35.7% and +22.88%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Goldman Sachs. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.08% higher within the past month. Goldman Sachs presently features a Zacks Rank of #3 (Hold).
Investors should also note Goldman Sachs's current valuation metrics, including its Forward P/E ratio of 13.43. This valuation marks a premium compared to its industry average Forward P/E of 13.26.
We can also see that GS currently has a PEG ratio of 0.94. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. GS's industry had an average PEG ratio of 0.94 as of yesterday's close.
The Financial - Investment Bank industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 96, placing it within the top 40% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GS in the coming trading sessions, be sure to utilize Zacks.com.
Envestnet Asset Management ve druhém čtvrtletí navýšila podíl v Goldman Sachs o 0,8 % na 292 463 akcií v hodnotě 295,8 milionu USD. Goldman Sachs zároveň oznámila vyšší čtvrtletní dividendu ve výši 5,00 USD na akcii.
Envestnet Asset Management Inc. increased its stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 0.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 292,463 shares of the investment management company’s stock after acquiring an additional 2,221 shares during the period. Envestnet Asset Management Inc. owned about 0.10% of The Goldman Sachs Group worth $295,784,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in The Goldman Sachs Group in the second quarter valued at approximately $24,172,123,000. State Street Corp lifted its position in shares of The Goldman Sachs Group by 2.1% during the 4th quarter. State Street Corp now owns 19,564,783 shares of the investment management company’s stock valued at $17,197,444,000 after buying an additional 394,198 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of The Goldman Sachs Group by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company’s stock valued at $5,896,795,000 after buying an additional 45,266 shares in the last quarter. Bank of America Corp DE acquired a new stake in The Goldman Sachs Group in the 2nd quarter valued at $6,756,772,000. Finally, Norges Bank purchased a new stake in The Goldman Sachs Group in the 4th quarter worth $2,515,830,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In A number of research firms have recently commented on GS. Wall Street Zen cut shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Sunday, September 13th. Keefe, Bruyette & Woods raised their price target on shares of The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a “market perform” rating in a research note on Wednesday, July 15th. Zacks Research cut The Goldman Sachs Group from a “strong-buy” rating to a “hold” rating in a report on Friday, September 18th. Morgan Stanley set a $1,145.00 price objective on The Goldman Sachs Group in a research note on Wednesday, July 15th. Finally, Citigroup reduced their target price on The Goldman Sachs Group from $1,200.00 to $1,050.00 and set a “neutral” rating for the company in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $1,055.71.
Get Our Latest Stock Report on The Goldman Sachs Group The Goldman Sachs Group Trading Down 1.3% GS opened at $936.96 on Thursday. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The company’s 50 day simple moving average is $1,026.13 and its two-hundred day simple moving average is $980.53. The Goldman Sachs Group, Inc. has a 1-year low of $740.01 and a 1-year high of $1,153.99. The firm has a market capitalization of $272.81 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 0.95 and a beta of 1.29.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping analysts’ consensus estimates of $14.47 by $6.51. The company had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The firm’s revenue for the quarter was up 39.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $10.91 earnings per share. Analysts expect that The Goldman Sachs Group, Inc. will post 69.64 EPS for the current fiscal year.
The Goldman Sachs Group Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be paid a $5.00 dividend. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $20.00 annualized dividend and a dividend yield of 2.1%. The Goldman Sachs Group’s dividend payout ratio is currently 30.87%.
The Goldman Sachs Group News Roundup Here are the key news stories impacting The Goldman Sachs Group this week:
Positive Sentiment: Potential Palmer Square acquisition could expand Goldman’s credit and asset-management businesses. Goldman Sachs is reportedly the leading bidder for Palmer Square, a credit manager overseeing approximately $37 billion. The transaction could strengthen GS’s private-credit capabilities, increase recurring fee revenue and support its asset and wealth management franchise. Goldman in Talks to Buy $37 Billion Credit Firm Palmer Square Positive Sentiment: Growth initiatives remain visible across technology and investment banking. GS invested $400 million in cybersecurity company Cyera, reportedly valuing the company at $12 billion, and continues expanding its dealmaking and market-making capabilities. These investments may create future investment-banking, financing and asset-management opportunities, although they are not immediate earnings catalysts. Goldman Sachs Group Invests $400 Million in Cyera Neutral Sentiment: Goldman’s market outlook remains constructive. Strategist Ben Snider rejected concerns that S&P 500 earnings expectations represent a bubble, while the firm expects a sizeable 2026 revenue base driven by Global Banking & Markets, asset and wealth management, and efficiency gains. These views may support sentiment but do not directly change GS’s near-term results. Goldman Sachs and Deutsche Bank Agree: The S&P 500 Rally Isn’t Over Negative Sentiment: Citigroup lowered its GS price target to $1,050 from $1,200 and retained a Neutral rating. Although the revised target still implies upside from recent trading levels, the sizeable reduction signals more cautious expectations and likely contributed to selling pressure. Citigroup Adjusts Price Target on Goldman Sachs Negative Sentiment: Palmer Square deal speculation introduces execution and valuation risks. Investors may worry that GS could pay a premium or assume additional risks to accelerate growth in credit and asset management. The stock’s retreat from its yearly high indicates that the market is demanding more evidence that the acquisition would improve returns. The Goldman Sachs Group Company Profile (Free Report)
The Goldman Sachs Group, Inc (NYSE:GS) is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individuals. The company is headquartered in New York City and serves clients across North America, Europe, Asia-Pacific and other international markets.
Through its Global Banking & Markets segment, Goldman Sachs advises clients on mergers and acquisitions, capital raising, restructuring and other strategic transactions.
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Goldman Sachs stock has pulled back in the past few months despite its strong revenue and profitability growth. GS dropped to $949, down by 17.2% from its highest point this year, and is hovering at its lowest level since May 20th. Focus now shifts to the rumored Palmer Square Capital.
David Solomon’s Goldman Sachs is doing well, with its revenue growth accelerating. It is benefiting from the ongoing M&A and trading boom, a trend that analysts expect will continue in the near term.
The company is now leaning to acquisitions to boost its revenue growth. It is in the process of acquiring NEOS Investments, a company that runs high-yielding covered call ETFs. It is spending $2.2 billion for this acquisition.
Goldman Sachs also acquired Innovator Capital Management, a move that added over $31 billion in assets. Its goal is to become a bigger player in the ETF industry and a top competitor to JPMorgan, which runs popular funds like JEPI and JEPQ.
It also bought Industry Ventures, a venture capital platform investing across all stages of the VC lifecycle.
Now, there are reports that the company is running to acquire Palmer Square Capital Management (PSCM). PSCM is a top company run by a husband-and-wife team that issues collateralized loan obligations. It has over $37 billion in assets under management.
Goldman Sachs’ business is doing relatively well this year, helped by the higher interest rates and the ongoing M&A boom. The Federal Reserve hiked interest rates by 0.25% last week, and officials believe that it will need to hike again.
Goldman has also become as a top player in the investment banking industry. Dealogic data shows that it is the top M&A advisor this year, advising deals worth over $1.44 trillion. It handled $1.02 billion in the same period last year.
Goldman is also the top equity capital markets bookrunner this year, advising deals worth over $81 billion. It ranks as the fifth-largest player in the debt capital market industry.
The most recent results showed that Goldman Sachs’ net revenue jumped to $20.3 billion in the second quarter and $37.57 billion in the year’s first half of the year. Its results were largely positive across all its businesses.
Still, there are signs that analysts expect the stock to remain under pressure in the near term. 56% of analysts tracking the company have a hold rating, while 36% have a buy rating. The average estimate, according to Kyro data, is $681, slightly lower than the current level.
Erika Najarian, a UBS analyst, maintained a neutral rating and hiked her target from $1,120 to $1,150. HSBC’s Saul Martinez hiked his target from $834 to $995, while BMO’s Brennan Hawken slashed his target from $1,190 to $1,150.
GS stock chart | Source: TradingView
The daily chart shows that the GS stock has slumped in the past few months, moving from $1,148 in July to $950 today. It has dropped below the important support level of $1,000, the neckline of the head-and-shoulders pattern.
The stock has slumped below the 50-day moving average and is in the process of forming a bearish flag pattern. Therefore, the stock will likely remain under pressure in the near term, potentially to $850 and then resume the uptrend.
Goldman Sachs zůstává aktivní v čínském AI financování, i když se zpřísňují americko-čínská technologická omezení. Akcie v úterý klesly téměř o 2 % na 940,83 USD.
Cross-border underwriting creates fees while export controls and military-link scrutiny increase compliance risk. Summary
Goldman profits from capital flows that policy increasingly treats with suspicion.
Goldman Sachs GS, the global investment bank and asset manager, remained active in China's AI-financing machine even as U.S.-China technology restrictions keep tightening the rules around cross-border capital. Shares fell nearly 2% to $940.83 Tuesday. The valuation snapshot adds another wrinkle: Goldman trades 12.7% above its GF Value of $834.83, suggesting investors are already paying a meaningful premium for its earnings power and deal franchise.
The opportunity is not small. Reuters reported that Goldman served as a joint global coordinator on Zhongji Innolight's $6.8 billion Hong Kong listing alongside Morgan Stanley and Citigroup, while Goldman and Morgan Stanley also worked on listings involving MiniMax, Montage Technology and Shanghai Iluvatar CoreX Semiconductor. Wall Street banks have acted as bookrunners on 19 Chinese high-tech equity deals worth $17.2 billion so far this year, representing nearly 30% of issuance in the sector.
For Goldman, this is a fee story wrapped inside a geopolitical risk story. Chinese AI and semiconductor listings can feed underwriting, advisory and trading revenue without requiring Goldman to bet its own balance sheet heavily on individual technology winners. But every transaction also carries more compliance scrutiny and the possibility that tighter U.S. restrictions narrow the addressable deal pool. With the stock already above GF Value, the key question is whether Goldman can keep harvesting cross-border AI fees fast enough to justify that valuation premium while the regulatory runway becomes harder to navigate.
Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.
Goldman Sachs čeká, že jeho tržby v roce 2026 dosáhnou zhruba 70 miliard USD. Tahounem jsou GBM a AWM, přičemž tržby GBM v 1. pololetí 2026 vzrostly o 35 % na 28,26 miliardy USD.
Key Takeaways Goldman expects its revenue base to reach roughly $70B in 2026.GBM revenues climbed 35% in H1'26, led by investment banking and Equities.AWM is expanding wealth management, alternatives and private credit, with $4T in assets under supervision. The Goldman Sachs Group, Inc. (GS - Free Report) continues to demonstrate the benefits of the strategic transformation undertaken over the past several years. Speaking at the Barclays 24th Annual Global Financial Services Conference, chairman and CEO David Solomon highlighted that the company expects its revenue base to reach roughly $70 billion this year, up from the mid-$30 billion range when its strategic plan began in 2018–19. The expansion reflects growth across core businesses, a more diversified revenue mix and improving operating leverage.
A key pillar of GS’s strategy has been reducing the dependence on more cyclical revenue streams and building a broader and more durable earnings base. The company now centers its growth strategy around two major franchises — Global Banking & Markets (“GBM”) and Asset & Wealth Management (“AWM”).
In GBM, Goldman continues to capitalize on its strong positions in investment banking, equities and FICC, while expanding financing activities. In the first half of 2026, Global Banking & Markets revenues climbed 35% to $28.26 billion, led by robust investment banking and Equities activity. AWM is also becoming an increasingly important source of recurring revenues. The business is growing faster than its targeted high-single-digit pace, with roughly $4 trillion in assets under supervision. Goldman is expanding wealth management, alternatives and private credit, while targeting a 30% margin and high-teen returns. Alternatives fundraising is expected to exceed $125 billion in 2026.
The company is also benefiting from stronger operating leverage. Management expects roughly 6% revenue growth to translate into a more than 10% earnings increase, supported by scale, automation and productivity initiatives. Continued investments in technology and process redesign could provide further scope for margin expansion.
Financial trends underscore this progress. Since Goldman’s first Investor Day in 2020, firmwide net revenues have increased roughly 60%, while more durable revenues have doubled. Momentum strengthened further in the first half of 2026, with firmwide net revenues rising 27% year over year. The Zacks Consensus Estimate for 2026 revenues is pegged at $71.6 billion, indicating year-over-year growth of 22.9% and broadly aligning with management’s expectations for a revenue base of nearly $70-billion range.
Revenue Estimates
Image Source: Zacks Investment Research
GS’s push toward a roughly $70-billion revenue base underscores the progress of its multi-year transformation. Growth in Asset & Wealth Management, financing, and other durable revenue streams, combined with ongoing efficiency initiatives, should support stronger earnings growth and improved margins over time. Still, capital-market volatility and elevated investment spending remain key near-term risks.
How Are GS’s Peers Faring in Terms of Revenues?Goldman’s peer JPMorgan (JPM - Free Report) and Morgan Stanley (MS - Free Report) are also witnessing solid growth in revenues.
JPMorgan’s revenues rose roughly 19% year over year in the first half of 2026 to $107.2 billion, supported by strong markets and investment banking activity, higher NII and fee growth. The Zacks Consensus Estimate for JPMorgan’s 2026 revenues is expected to increase 13.2% year over year, indicating continued momentum despite some normalization from the strong first half.
Morgan Stanley’s revenues increased 21% year over year to $41.93 billion in the first half of 2026, driven by robust investment banking, trading and wealth-management performance. The Zacks Consensus Estimate for Morgan Stanley’s 2026 revenues is projected to rise 15.9% year over year, supported by healthy capital-markets activity and continued expansion of fee-based wealth and asset-management businesses.
Goldman’s Price Performance, Valuation, & EstimatesGS shares have jumped 19% in the past year compared with the industry’s growth of 14.4%.
Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, Goldman trades at a forward price-to-earnings (P/E) ratio of 13.47X, below the industry’s average of 13.65X.
Price-to-Earnings F12M
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for GS’s 2026 and 2027 earnings implies year-over-year rallies of 33.3% and 5.6%, respectively. Estimates for both years have been revised downward over the past month.
Estimate Revision Trend
Image Source: Zacks Investment Research
Goldman currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Goldman Sachs ve 3. čtvrtletí očekává mírně slabší FICC segment a mnohem utlumenější investiční bankovnictví po silném 2. čtvrtletí. Akcie banky klesly téměř o 4 %.
The chief of Goldman Sachs (GS.N) said on Wednesday he expects the bank's fixed-income, currencies and commodities (FICC) business to be slightly softer in the third quarter compared to very strong performance for its equities business, prompting a slump in its shares.
Chief Executive David Solomon also cautioned investors to expect a much more muted third quarter from the perspective of the firm's investment line after significant activity in the second quarter.
"Our equity business continues to be very strong on a relative basis. FICC has been a little bit softer on a relative basis, but there's still a few weeks left in September," he told the Barclays' global financial services conference.
The Wall Street bank's shares fell almost 4%, underperforming other bank shares which were also weaker, reacting to the Federal Reserve's move to hike interest rates.
Goldman's FICC business has been volatile this year. Net revenue surged 32% in the second quarter from a year earlier, but fell 10% in the first quarter when its rates business was hit by volatility from the Iran war.
"We're not particularly surprised, and had underwritten a 12% sequential decline in investment banking revenue and an 11% sequential decline in FICC revenue for Goldman in Q3," said Sean Dunlop, banking analyst at Morningstar Research.
"If anything, 'slightly softer' might be more constructive than our outlook."
Goldman Sachs exceeded second-quarter profit expectations as deal-making picked up and market volatility, fueled by the Iran war, boosted equities revenue to a record.
INVESTMENT BANKING
Bank of America (BAC.N) CEO Brian Moynihan had said on Monday that investment banking fees in the industry will fall about 10% in the third quarter, with his bank seeing more of a decline than the industry, which triggered selling across banking shares.
Global investment banking revenue dropped to $21.194 billion in the third quarter through September 15, versus $23.765 billion a year ago, Dealogic data shows, due to slowdowns in mergers and acquisitions and the raising of debt.
"We've obviously not hit the peak yet in equity trading, but that looks likely sooner than later, with no obvious long-term catalyst for recently surging equity trading volume," Morningstar's Dunlop said.
Solomon said the firm's transaction expenses are running higher, while it has accelerated some its technology investments.
As a result, the firm's non-compensation expenses will be higher by $500 million while provisions for bad debt will creep up due to "a couple of idiosyncratic things", Solomon said without elaborating.
Goldman Sachs letos čeká výnosy v pásmu 70 miliard USD, oproti středním 30 miliardám v letech 2018 a 2019. Solomon uvedl, že růst táhnou Global Banking & Markets a Asset & Wealth Management.
Digging for Value: Alpha Metallurgical Resources Insider Buys BigDavid Solomon, chairman and chief executive officer of The Goldman Sachs Group NYSE: GS, said the firm is focused on expanding earnings, improving operating efficiency and building a more durable revenue base as it pursues growth across Global Banking & Markets and Asset & Wealth Management.
Speaking at the company’s Global Financial Services Conference, Solomon said Goldman Sachs has grown its revenue base from the mid-$30 billion range when its current strategic plan was developed in 2018 and 2019 to an expected level in the $70 billion range this year. He said the company has also created operating leverage and broadened its business mix.
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Chime Finds Its Stride With a $590M Deal That Could Reshape Its Banking Model“We have a much broader, more diversified, more durable business,” Solomon said. While results may fluctuate with market conditions, he said Goldman expects its revenue base to remain structurally higher through market cycles than it was a decade or more ago.
Growth priorities in two core businesses Solomon identified Global Banking & Markets and Asset & Wealth Management as Goldman Sachs’ two major growth engines. He said the company sees opportunities to grow its Banking & Markets franchise, gain additional market share and use technology to operate more efficiently even at unchanged activity levels.
SEC Probe Puts Wall Street Leverage Risk Back in FocusIn Asset & Wealth Management, Solomon said Goldman has stated that it could grow at a high-single-digit rate but is currently exceeding that pace. The company is targeting 30% margins and high-teen returns in the unit, he said.
The segment supervises approximately $4 trillion in assets, including $2 trillion of wealth assets, according to Solomon. He said the platform combines Goldman’s former merchant banking, public-side asset management, money-market liquidity, fund-of-funds and wealth-management businesses.
Solomon said Goldman’s breadth across liquidity, fixed income, public equities and alternatives differentiates the platform. He also cited demand from ultra-high-net-worth clients, saying the firm expects secular growth in global wealth and in the number of ultra-wealthy individuals.
Acquisitions target product gaps and talent Goldman has completed four acquisitions and formed a partnership with T. Rowe Price in Asset & Wealth Management, Solomon said. He characterized the moves as meaningful but not individually significant, designed to fill platform gaps, accelerate growth and bring entrepreneurial talent into the firm.
The T. Rowe Price partnership is intended to expand Goldman’s access to retirement distribution, where Solomon expects alternatives participation to increase over time. Goldman’s acquisition of Industry Ventures adds early-stage venture capabilities and a network that could help the firm see investment opportunities earlier, he said.
Solomon also cited Innovator Capital Management and NEOS as additions that strengthened Goldman’s active exchange-traded fund platform. He said Goldman had not previously ranked among the 50 largest ETF providers but now has a top-six-to-eight position in active ETFs, depending on the measurement used.
Goldman’s most recent triple-net-lease real estate acquisition was intended to broaden the firm’s real estate capabilities, an area where Solomon said the company has not yet achieved the scale it seeks. He said additional small acquisitions are possible if the firm finds teams and capabilities that fit its strategy.
Alternatives, financing and AI opportunity Solomon said Goldman has about $700 billion in alternative assets and expects to raise more than $125 billion in alternatives this year, above its previously communicated annual range of $75 billion to $100 billion. He said the firm is seeing particular investor interest in credit, including institutional credit and structured products.
He attributed alternatives fundraising in part to Goldman’s performance record and its ability to customize investment offerings for large institutional investors rather than simply market individual funds.
On financing, Solomon said recent record equities and fixed-income, currency and commodities financing revenue reflected favorable market activity, though he cautioned growth would not follow a straight line. Financing demand is tied to market activity and market capitalization, he said, while Goldman’s scale could support pricing power over time.
Solomon said artificial intelligence-related infrastructure investment is creating financing opportunities, although AI does not account for all financing activity at the firm. If projected compute buildouts require $1 trillion over the next five years, “there’s going to be a lot of financing to do that,” he said.
He said Goldman can participate as an asset manager, adviser, distributor and underwriter, while remaining selective on credit quality, collateral and transaction structures. Solomon said the firm is monitoring cases where structured financings may receive investment-grade ratings despite risks that differ from traditional investment-grade exposure.
Near-term commentary and capital deployment For the near term, Solomon said equities activity remained strong, while FICC activity was softer relative to equities but still at a good level. He told investors to expect a more muted third quarter for the firm’s investments line after significant activity in the second quarter.
He also said non-compensation operating expenses should rise by more than $500 million sequentially, reflecting higher transaction expenses, accelerated technology investment and a decision to pull forward several years of charitable giving in a tax-efficient manner. Loan provisions are expected to be slightly higher than in the comparable quarter a year earlier due to a few idiosyncratic items, though Solomon said the overall loan portfolio was performing well.
Solomon said Goldman’s first capital-allocation priority is deploying capital in client-serving businesses that can generate accretive returns. If those opportunities are unavailable, he said the firm intends to return capital to shareholders through dividends and other distributions. He noted that Goldman has raised its quarterly dividend from $0.80 to $2.50.
Looking further ahead, Solomon said technology could enable Goldman to redesign processes, automate operations, improve margins and create capacity for additional growth investment. He said the company remains confident in its ability to grow earnings over a five- to 10-year period, while acknowledging that market conditions will continue to fluctuate.
About The Goldman Sachs Group (NYSE:GS)The Goldman Sachs Group, Inc NYSE: GS is a global financial services company that provides investment banking, securities, asset management and wealth management services to corporations, financial institutions, governments and individuals. The company is headquartered in New York City and serves clients across North America, Europe, Asia-Pacific and other international markets.
Through its Global Banking & Markets segment, Goldman Sachs advises clients on mergers and acquisitions, capital raising, restructuring and other strategic transactions.
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Goldman Sachs se dohodl s IG Wealth Management na správě pěti portfolií a rozšiřuje tak své kanadské aktivity v oblasti správy majetku. Cílem je posílit AWM a růst opakovaných příjmů z poplatků.
Key Takeaways GS will manage five IG Wealth Portfolios, offering diversified strategies across major asset classes.GS is expanding AWM through partnerships and acquisitions, including Innovator, NEOS and LCN Capital Partners.NEOS, Innovator and existing operations are expected to create a $130-billion global ETF platform. In sync with its broader effort to scale Asset & Wealth Management (“AWM”) and increase the contribution of recurring, fee-based revenues, The Goldman Sachs Group, Inc. (GS - Free Report) entered a strategic collaboration with IG Wealth Management to expand its presence in the Canadian wealth-management market.
Under the agreement, Goldman Sachs Asset Management’s multi-asset solutions team will assume portfolio-management responsibilities for five IG Strategic Wealth Portfolios. The portfolios provide Canadian investors exposure to diversified strategies spanning equities, fixed income and alternatives.
Over the past several years, Goldman has been focused on building a larger, capital-light AWM franchise and reducing its dependence on more volatile, balance-sheet-intensive revenues. wealth management, alternatives and solutions have been identified as three major growth opportunities within AWM. Management and other fees, together with private banking and lending revenues, saw a compound annual rate of 12% from 2021 through 2025, with the rising trend continuing in the first half of 2026, highlighting the increasing importance of durable revenues to Goldman’s earnings mix.
Goldman has supported this strategy through partnerships and targeted acquisitions. In September 2025, it partnered with T. Rowe Price (TROW - Free Report) to develop public-private investment solutions for wealth and retirement clients. Goldman also acquired Innovator Capital Management in April 2026, adding about $31 billion in assets under supervision and strengthening its defined-outcome ETF capabilities. In August 2026, it agreed to acquire NEOS Investments, which manages roughly $30 billion. Together, NEOS, Innovator and Goldman’s existing operations are expected to create a $130-billion global ETF platform, expanding its reach among advisors and wealth-management clients.
GS entered an agreement in August 2026 to acquire LCN Capital Partners, adding a specialist investment platform focused on sale-leaseback, build-to-suit and triple-net-lease real estate investments. Collectively, these moves demonstrate Goldman’s strategy of adding differentiated investment capabilities that can attract third-party assets and generate recurring management fees.
Overall, the IG Wealth Management collaboration underscores Goldman’s continued focus on scaling AWM and building a more durable revenue base. Alongside the T. Rowe Price partnership and the Innovator, NEOS and LCN transactions, the latest collaboration strengthens GS’s third-party distribution capabilities and broadens its addressable wealth-management market. Over time, successful expansion of these relationships should support recurring fee growth, improve the quality of Goldman’s revenue mix and further advance its transition toward a more capital-light business model.
Goldman’s Competitive Landscape?Two close peers of GS are JPMorgan (JPM - Free Report) and Morgan Stanley (MS - Free Report) , which are also making efforts to expand their AWM businesses.
JPMorgan’s AWM segment is a steadier, fee-led profit engine inside the bank, spanning asset management and the private bank. For the first half of 2026, the segment’s revenues rose 15% from the year-ago period. As of June 30, 2026, JPMorgan’s assets under management were $5.14 trillion, up 18% year over year, while client assets increased 19% to $7.66 trillion.
Morgan Stanley’s AWM push is more than a diversification story. For the first half, Wealth Management revenues and Investment Management revenues were $20.6 billion, nearly half of Morgan Stanley’s $41.9 billion in firmwide net revenues. As of June 30, 2026, total client assets across Wealth Management were $8.08 trillion, while assets under management or supervision reached $2 trillion under the Investment Management division.
Goldman’s Price Performance & Zacks RankGS shares have jumped 37.3% in the past year compared with the industry’s growth of 24.2%.
Image Source: Zacks Investment Research
Goldman currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BNP Paribas lowered its stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 17.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 16,641 shares of the investment management company’s stock after selling 3,480 shares during the quarter. BNP Paribas’ holdings in The Goldman Sachs Group were worth $16,742,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of GS. Brighton Jones LLC boosted its stake in shares of The Goldman Sachs Group by 17.1% in the 4th quarter. Brighton Jones LLC now owns 3,474 shares of the investment management company’s stock valued at $1,989,000 after purchasing an additional 508 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of The Goldman Sachs Group by 7.0% during the fourth quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after buying an additional 58 shares in the last quarter. Sivia Capital Partners LLC increased its stake in shares of The Goldman Sachs Group by 90.1% in the second quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock valued at $1,098,000 after buying an additional 735 shares during the period. Schnieders Capital Management LLC. raised its holdings in The Goldman Sachs Group by 9.3% in the 2nd quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock valued at $581,000 after buying an additional 70 shares during the last quarter. Finally, Main Street Financial Solutions LLC raised its holdings in The Goldman Sachs Group by 22.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock valued at $1,522,000 after buying an additional 391 shares during the last quarter. Institutional investors own 71.21% of the company’s stock.
Wall Street Analyst Weigh In GS has been the subject of a number of recent analyst reports. Rothschild & Co Redburn increased their target price on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Wall Street Zen cut The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. BMO Capital Markets lifted their target price on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a “market perform” rating in a report on Wednesday, July 15th. HSBC raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Finally, Jefferies Financial Group set a $1,299.00 price target on The Goldman Sachs Group in a report on Wednesday, July 15th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $1,062.86.
View Our Latest Research Report on The Goldman Sachs Group The Goldman Sachs Group Trading Down 0.6% Shares of GS stock opened at $1,034.35 on Friday. The stock has a market capitalization of $301.17 billion, a price-to-earnings ratio of 15.96, a PEG ratio of 1.06 and a beta of 1.30. The company’s fifty day simple moving average is $1,048.89 and its two-hundred day simple moving average is $968.57. The Goldman Sachs Group, Inc. has a 1 year low of $721.16 and a 1 year high of $1,153.99. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $14.47 by $6.51. The firm had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The company’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same period in the prior year, the firm posted $10.91 earnings per share. As a group, analysts anticipate that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current year.
The Goldman Sachs Group Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be issued a $5.00 dividend. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. The Goldman Sachs Group’s payout ratio is 27.78%.
The Goldman Sachs Group News Roundup Here are the key news stories impacting The Goldman Sachs Group this week:
Positive Sentiment: Goldman Sachs received a Zacks Rank #1 (Strong Buy), reflecting improving earnings expectations and the potential for continued momentum in its businesses. All You Need to Know About Goldman Rating Upgrade to Strong Buy Positive Sentiment: Brokerage sentiment remains supportive, with analysts assigning GS an average “Moderate Buy” recommendation. Goldman’s strong recent earnings performance and broadening presence in investment banking, asset management, ETFs and alternatives reinforce the long-term thesis. Goldman Sachs Given Average Recommendation of Moderate Buy Positive Sentiment: Goldman Sachs Alternatives led a $240 million funding round for Owner, an AI-focused platform serving local businesses. The deal highlights Goldman’s ability to generate alternative-investment activity and related fees, although the direct earnings impact is likely limited. Owner Raises 240 Million Led by Goldman Sachs Alternatives Neutral Sentiment: An AFM filing identified Goldman Sachs as a 2.97% shareholder in Qiagen. The disclosure demonstrates investment activity but does not by itself materially change Goldman’s operating outlook. Goldman Sachs Revealed as a Shareholder in Qiagen Negative Sentiment: GS is challenging proposed changes to the global systemically important bank (GSIB) capital surcharge. Higher required buffers could constrain returns, capital deployment and shareholder distributions if regulators adopt a tougher framework. Goldman Faces GSIB Capital Fight and SEC AI Fund Subpoenas Negative Sentiment: The SEC has subpoenaed Goldman and other major banks regarding margin lending to hedge fund Situational Awareness, which suffered a sharp loss during an AI-stock sell-off. The investigation raises compliance, leverage and potential litigation risks, though no wrongdoing has been established. SEC Probe Puts Wall Street Leverage Risk Back in Focus (Free Report)
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
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Allworth Financial LP ve 2. čtvrtletí snížila podíl v Goldman Sachs o 8,2 % a prodala 931 akcií. Po transakci držela 10 450 akcií v hodnotě 10,568 milionu USD.
Allworth Financial LP trimmed its stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 8.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,450 shares of the investment management company’s stock after selling 931 shares during the period. Allworth Financial LP’s holdings in The Goldman Sachs Group were worth $10,568,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of GS. Turim 21 Investimentos Ltda. purchased a new position in The Goldman Sachs Group during the first quarter worth $25,000. BOK Financial Private Wealth Inc. grew its holdings in The Goldman Sachs Group by 188.9% during the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock valued at $26,000 after purchasing an additional 17 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new position in The Goldman Sachs Group during the 4th quarter valued at about $26,000. Manning & Napier Advisors LLC lifted its stake in The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after purchasing an additional 23 shares during the last quarter. Finally, Steph & Co. purchased a new position in shares of The Goldman Sachs Group during the first quarter valued at approximately $27,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.
Key The Goldman Sachs Group News Here are the key news stories impacting The Goldman Sachs Group this week:
Positive Sentiment: Goldman Sachs was among the financial giants receiving a “Buy” growth grade, reinforcing the view that its earnings growth, capital-markets franchise and strategic positioning remain attractive. Citigroup and Goldman Sachs lead as most financial giants earn Buy growth grades Positive Sentiment: The firm is reportedly expanding into India’s government share-sale market. Greater participation in equity offerings could create additional investment-banking revenue and deepen Goldman’s presence in a fast-growing market. Goldman Sachs expands into India’s government share sale market Positive Sentiment: Goldman agreed to pay up to $2.25 billion for NEOS Investments, the issuer of high-income ETFs. The acquisition supports Goldman’s asset-management and wealth-products strategy, although investors will monitor the price paid and integration execution. Goldman Sachs acquisition of NEOS Investments Neutral Sentiment: Goldman research said gold could exceed its $4,900 year-end forecast amid options demand, Western investor buying and central-bank purchases. The call may benefit the firm’s commodities and trading franchise, but changing interest-rate expectations could increase market volatility and forecasting risk. Gold could top Goldman’s forecast Negative Sentiment: Goldman strategists described July as one of the sharpest hedge-fund de-grossing episodes of the past decade, with hedge funds posting an unusually weak month relative to the S&P 500. Continued de-risking could pressure trading activity and investment-banking sentiment across Wall Street. Goldman Sachs hedge funds worst month versus S&P 500 Analysts Set New Price Targets Several equities analysts have commented on the company. HSBC raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, August 5th. BMO Capital Markets raised their price target on shares of The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 15th. Oppenheimer downgraded shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 30th. UBS Group increased their price objective on The Goldman Sachs Group from $1,120.00 to $1,150.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, CICC Research raised their price objective on The Goldman Sachs Group from $825.00 to $980.00 and gave the stock an “outperform” rating in a report on Tuesday, May 19th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $1,062.86. Read Our Latest Research Report on The Goldman Sachs Group
The Goldman Sachs Group Stock Up 0.2% Shares of NYSE GS opened at $1,041.35 on Monday. The stock’s fifty day simple moving average is $1,053.96 and its two-hundred day simple moving average is $964.52. The Goldman Sachs Group, Inc. has a 12-month low of $718.58 and a 12-month high of $1,153.99. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17. The stock has a market capitalization of $303.21 billion, a PE ratio of 16.07, a price-to-earnings-growth ratio of 1.05 and a beta of 1.30.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, topping analysts’ consensus estimates of $14.47 by $6.51. The business had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The firm’s revenue was up 39.4% on a year-over-year basis. During the same period in the previous year, the company posted $10.91 earnings per share. As a group, analysts expect that The Goldman Sachs Group, Inc. will post 68.89 EPS for the current fiscal year.
The Goldman Sachs Group Increases Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be issued a $5.00 dividend. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio is presently 27.78%.
The Goldman Sachs Group Company Profile (Free Report)
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
Featured Stories Five stocks we like better than The Goldman Sachs Group VIG, VYM, and VYMI: Which Vanguard Dividend ETF Is Right for You? 3 Closed-End Funds to Maximize Dividend Payments Rocket Lab’s Sell-Off Is Fading—Is It Finally Safe to Buy? $27 Billion in Buybacks: 3 Stocks Betting Their Strong Runs Aren’t Over Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS – Free Report).
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Auxano Advisors LLC během druhého čtvrtletí nově nakoupila 679 akcií Goldman Sachs za zhruba 687 000 USD. Goldman Sachs zároveň za čtvrtletí vykázala EPS 20,98 USD a tržby 20,34 miliardy USD.
Auxano Advisors LLC acquired a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 679 shares of the investment management company’s stock, valued at approximately $687,000.
Other hedge funds have also made changes to their positions in the company. Audent Global Asset Management LLC grew its holdings in The Goldman Sachs Group by 10.1% during the fourth quarter. Audent Global Asset Management LLC now owns 5,238 shares of the investment management company’s stock worth $4,604,000 after acquiring an additional 479 shares during the period. Oak Grove Capital LLC acquired a new stake in shares of The Goldman Sachs Group in the fourth quarter valued at about $1,890,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of The Goldman Sachs Group by 2.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 141,990 shares of the investment management company’s stock valued at $124,809,000 after purchasing an additional 3,653 shares during the period. Global Retirement Partners LLC boosted its holdings in The Goldman Sachs Group by 35.0% during the fourth quarter. Global Retirement Partners LLC now owns 11,944 shares of the investment management company’s stock worth $10,499,000 after buying an additional 3,098 shares in the last quarter. Finally, New Age Alpha Advisors LLC grew its position in The Goldman Sachs Group by 92.4% during the fourth quarter. New Age Alpha Advisors LLC now owns 14,298 shares of the investment management company’s stock worth $12,568,000 after buying an additional 6,867 shares during the period. Hedge funds and other institutional investors own 71.21% of the company’s stock.
Key Stories Impacting The Goldman Sachs Group Here are the key news stories impacting The Goldman Sachs Group this week:
Positive Sentiment: Goldman Sachs was among the financial giants receiving a “Buy” growth grade, reinforcing the view that its earnings growth, capital-markets franchise and strategic positioning remain attractive. Citigroup and Goldman Sachs lead as most financial giants earn Buy growth grades Positive Sentiment: The firm is reportedly expanding into India’s government share-sale market. Greater participation in equity offerings could create additional investment-banking revenue and deepen Goldman’s presence in a fast-growing market. Goldman Sachs expands into India’s government share sale market Positive Sentiment: Goldman agreed to pay up to $2.25 billion for NEOS Investments, the issuer of high-income ETFs. The acquisition supports Goldman’s asset-management and wealth-products strategy, although investors will monitor the price paid and integration execution. Goldman Sachs acquisition of NEOS Investments Neutral Sentiment: Goldman research said gold could exceed its $4,900 year-end forecast amid options demand, Western investor buying and central-bank purchases. The call may benefit the firm’s commodities and trading franchise, but changing interest-rate expectations could increase market volatility and forecasting risk. Gold could top Goldman’s forecast Negative Sentiment: Goldman strategists described July as one of the sharpest hedge-fund de-grossing episodes of the past decade, with hedge funds posting an unusually weak month relative to the S&P 500. Continued de-risking could pressure trading activity and investment-banking sentiment across Wall Street. Goldman Sachs hedge funds worst month versus S&P 500 Analysts Set New Price Targets A number of brokerages have issued reports on GS. Zacks Research upgraded shares of The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Jefferies Financial Group set a $1,299.00 target price on The Goldman Sachs Group in a research note on Wednesday, July 15th. Evercore reiterated an “outperform” rating on shares of The Goldman Sachs Group in a report on Monday, July 6th. Citigroup lifted their price objective on The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Dbs Bank raised their price target on shares of The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $1,062.86. View Our Latest Report on The Goldman Sachs Group
The Goldman Sachs Group Stock Performance Shares of NYSE:GS opened at $1,041.35 on Friday. The business has a 50-day moving average of $1,053.96 and a two-hundred day moving average of $964.40. The firm has a market capitalization of $303.21 billion, a PE ratio of 16.07, a P/E/G ratio of 1.02 and a beta of 1.30. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The Goldman Sachs Group, Inc. has a 12 month low of $718.58 and a 12 month high of $1,153.99.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last released its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, beating the consensus estimate of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The business had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. During the same period in the previous year, the company posted $10.91 EPS. The company’s revenue was up 39.4% compared to the same quarter last year. As a group, research analysts forecast that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current year.
The Goldman Sachs Group Increases Dividend The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be given a dividend of $5.00 per share. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date of this dividend is Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio is presently 27.78%.
(Free Report)
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
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Bank of New York Mellon Corp ve 2. čtvrtletí získala nový podíl v Goldman Sachs za zhruba 2,56 miliardy USD a drží asi 0,86 % akcií. Goldman Sachs zároveň oznámila akvizice NEOS Investments až za 2,25 miliardy USD a LCN Capital Partners až za 410 milionů USD.
Bank of New York Mellon Corp acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 2,531,247 shares of the investment management company’s stock, valued at approximately $2,560,028,000. Bank of New York Mellon Corp owned about 0.86% of The Goldman Sachs Group as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in GS. Norges Bank acquired a new stake in shares of The Goldman Sachs Group during the 4th quarter worth about $2,515,830,000. Corient Private Wealth LLC boosted its holdings in shares of The Goldman Sachs Group by 1,657.7% during the 4th quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock worth $2,282,312,000 after buying an additional 2,448,767 shares during the period. International Assets Investment Management LLC acquired a new position in The Goldman Sachs Group in the 1st quarter valued at about $2,024,921,000. Bank of America Corp DE grew its stake in The Goldman Sachs Group by 8.0% in the 1st quarter. Bank of America Corp DE now owns 6,455,011 shares of the investment management company’s stock valued at $5,460,875,000 after buying an additional 476,977 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in The Goldman Sachs Group by 428.4% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock valued at $488,947,000 after acquiring an additional 450,984 shares during the period. 71.21% of the stock is currently owned by institutional investors.
The Goldman Sachs Group News Roundup Here are the key news stories impacting The Goldman Sachs Group this week:
Positive Sentiment: Goldman Sachs agreed to acquire NEOS Investments, the issuer of income-focused ETFs including the NEOS Nasdaq-100 High Income ETF, for up to $2.25 billion. The transaction would expand Goldman’s ETF and wealth-management capabilities and could add recurring fee revenue, although the premium price raises execution and integration expectations. Goldman Sachs Just Paid $2.25 Billion for the Family Behind Your 14% Income Fund Positive Sentiment: Goldman is also buying LCN Capital Partners for up to $410 million. LCN oversees roughly $3 billion, and the deal broadens Goldman’s private real-estate and net-lease platform while supporting more durable, capital-light asset-management revenue. Goldman Sachs to buy LCN Capital Partners in up to $410 million deal Positive Sentiment: Goldman forecasts U.S. ETF inflows could exceed $2 trillion in 2026, driven by active, AI, thematic and leveraged products. That outlook supports the strategic rationale for the NEOS acquisition and Goldman’s broader asset-management push. Goldman Sachs’ $2 Trillion ETF Forecast Signals a New Era for AI, Active and Thematic Funds Neutral Sentiment: Goldman’s research projecting a $1.8 trillion global space economy by 2035 and its positive views on AI-related opportunities reinforce the firm’s market influence, but these forecasts have limited immediate impact on GS earnings. Elon Musk responds to Goldman Sachs’ bold space economy prediction Negative Sentiment: Reports indicate GS underperformed while the broader market advanced, suggesting investors may be taking profits or remaining cautious about valuation, acquisition costs and financial-sector exposure. Rising oil prices and escalating U.S.-Iran tensions could further pressure markets and increase volatility. Goldman Sachs Stock Sinks As Market Gains Wall Street Analyst Weigh In A number of equities research analysts have recently issued reports on GS shares. Daiwa Securities Group boosted their price objective on The Goldman Sachs Group from $891.00 to $930.00 and gave the stock a “neutral” rating in a report on Tuesday, May 5th. BMO Capital Markets increased their target price on The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the stock a “market perform” rating in a research note on Wednesday, July 15th. Evercore reissued an “outperform” rating on shares of The Goldman Sachs Group in a report on Monday, July 6th. HSBC upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Finally, Rothschild & Co Redburn upped their price objective on The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a report on Thursday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, The Goldman Sachs Group has an average rating of “Moderate Buy” and an average price target of $1,062.86. View Our Latest Stock Report on GS
The Goldman Sachs Group Trading Down 1.9% Shares of GS stock opened at $1,002.64 on Friday. The stock has a market cap of $291.94 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 1.04 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 1 year low of $712.97 and a 1 year high of $1,153.99. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17. The stock has a 50 day simple moving average of $1,054.38 and a 200 day simple moving average of $963.86.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, topping analysts’ consensus estimates of $14.47 by $6.51. The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The company’s revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the company earned $10.91 EPS. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current fiscal year.
The Goldman Sachs Group Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. The ex-dividend date is Tuesday, September 1st. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 dividend on an annualized basis and a yield of 2.0%. The Goldman Sachs Group’s dividend payout ratio is currently 27.78%.
(Free Report)
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
Featured Articles Five stocks we like better than The Goldman Sachs Group 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS – Free Report).
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BlackRock Inc. bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 23,900,376 shares of the investment management company’s stock, valued at approximately $24,172,123,000. BlackRock Inc. owned 8.21% of The Goldman Sachs Group at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Turim 21 Investimentos Ltda. purchased a new stake in The Goldman Sachs Group in the first quarter worth $25,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of The Goldman Sachs Group during the fourth quarter valued at $26,000. Manning & Napier Advisors LLC boosted its stake in shares of The Goldman Sachs Group by 287.5% during the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock valued at $27,000 after purchasing an additional 23 shares during the period. Steph & Co. bought a new position in shares of The Goldman Sachs Group in the first quarter worth about $27,000. Finally, Lifetime Wealth Management P.C. purchased a new position in The Goldman Sachs Group in the 4th quarter worth about $29,000. Institutional investors own 71.21% of the company’s stock.
Analyst Upgrades and Downgrades GS has been the topic of a number of research analyst reports. Wall Street Zen downgraded shares of The Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 15th. Zacks Research upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 16th. Dbs Bank increased their price objective on The Goldman Sachs Group from $890.00 to $1,050.00 in a research note on Thursday, May 7th. Morgan Stanley set a $1,145.00 price objective on The Goldman Sachs Group in a report on Wednesday, July 15th. Finally, Daiwa Securities Group lifted their target price on The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $1,062.86.
View Our Latest Stock Analysis on GS Key Headlines Impacting The Goldman Sachs Group Here are the key news stories impacting The Goldman Sachs Group this week:
Positive Sentiment: Goldman Sachs agreed to acquire NEOS Investments, the issuer of income-focused ETFs including the NEOS Nasdaq-100 High Income ETF, for up to $2.25 billion. The transaction would expand Goldman’s ETF and wealth-management capabilities and could add recurring fee revenue, although the premium price raises execution and integration expectations. Goldman Sachs Just Paid $2.25 Billion for the Family Behind Your 14% Income Fund Positive Sentiment: Goldman is also buying LCN Capital Partners for up to $410 million. LCN oversees roughly $3 billion, and the deal broadens Goldman’s private real-estate and net-lease platform while supporting more durable, capital-light asset-management revenue. Goldman Sachs to buy LCN Capital Partners in up to $410 million deal Positive Sentiment: Goldman forecasts U.S. ETF inflows could exceed $2 trillion in 2026, driven by active, AI, thematic and leveraged products. That outlook supports the strategic rationale for the NEOS acquisition and Goldman’s broader asset-management push. Goldman Sachs’ $2 Trillion ETF Forecast Signals a New Era for AI, Active and Thematic Funds Neutral Sentiment: Goldman’s research projecting a $1.8 trillion global space economy by 2035 and its positive views on AI-related opportunities reinforce the firm’s market influence, but these forecasts have limited immediate impact on GS earnings. Elon Musk responds to Goldman Sachs’ bold space economy prediction Negative Sentiment: Reports indicate GS underperformed while the broader market advanced, suggesting investors may be taking profits or remaining cautious about valuation, acquisition costs and financial-sector exposure. Rising oil prices and escalating U.S.-Iran tensions could further pressure markets and increase volatility. Goldman Sachs Stock Sinks As Market Gains The Goldman Sachs Group Price Performance Shares of GS opened at $1,002.64 on Friday. The company has a debt-to-equity ratio of 3.17, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50 day moving average price of $1,054.38 and a 200-day moving average price of $963.86. The Goldman Sachs Group, Inc. has a fifty-two week low of $712.97 and a fifty-two week high of $1,153.99. The stock has a market capitalization of $291.94 billion, a PE ratio of 15.48, a PEG ratio of 1.04 and a beta of 1.30.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $14.47 by $6.51. The company had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The Goldman Sachs Group’s revenue was up 39.4% compared to the same quarter last year. During the same period last year, the company posted $10.91 earnings per share. Equities analysts predict that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current fiscal year.
The Goldman Sachs Group Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be given a dividend of $5.00 per share. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $20.00 annualized dividend and a yield of 2.0%. The Goldman Sachs Group’s payout ratio is 27.78%.
The Goldman Sachs Group Company Profile (Free Report)
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
Featured Articles Five stocks we like better than The Goldman Sachs Group 3 Energy Stocks Raising Dividends as the Sector Surges 5 Reasons the S&P 500 Could Keep Rallying Through Year-End Walmart’s Post-Earnings Drop Could Be a Buying Opportunity The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
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Goldman Sachs uzavřel dohodu o koupi LCN Capital Partners, aby rozšířil Asset & Wealth Management a posílil opakované příjmy z poplatků. LCN přidá specializovanou platformu v oblasti sale-leaseback, build-to-suit a triple-net-lease investic.
In sync with the broader effort to scale Asset & Wealth Management (AWM) and increase the share of recurring, fee-based revenues in its earnings mix, The Goldman Sachs Group, Inc. (GS - Free Report) entered an agreement to acquire LCN Capital Partners.
Over the past several years, Goldman has sought to reduce earnings volatility by expanding capital-light, fee-generating businesses and reducing the reliance on balance-sheet-intensive investing. The AWM business has become a key pillar of that strategy. According to the Goldman 2025 annual report, the company has doubled its more durable revenues since 2020 while reducing historical principal investments by more than 90%, from roughly $64 billion to $6 billion. Within AWM specifically, management fees and private banking and lending revenues have seen a 12% CAGR since 2021. The AWM segment rose 15% year over year in the first six months of 2026.
Goldman has supported this strategy through a combination of organic fundraising, partnerships and targeted acquisitions. Previously, Goldman partnered with T. Rowe Price to develop public and private-market solutions for retirement and wealth clients, acquired venture-capital platform Industry Ventures, and completed the acquisition of Innovator Capital Management to expand its active ETF capabilities. In August 2026, it agreed to acquire NEOS Investments, further expanding recurring asset-management revenues. The planned buyout of LCN extends this strategy into another area, specialized private real estate.
Goldman’s acquisition of LCN strengthens Asset & Wealth Management business by adding a specialist platform in sale-leaseback, build-to-suit and triple-net-lease investments. Although LCN’s roughly $3 billion in AUS is small relative to GS’s more than $4 trillion firmwide AUS, Goldman can leverage its broader franchise to scale the business.
Overall, the planned acquisition of LCN underscores Goldman’s continued focus on expanding the AWM business and building a more durable revenue base. Alongside its prior acquisitions and strategic partnerships, the latest planned buyout reflects GS’ disciplined approach to adding differentiated investment capabilities that can attract third-party capital and generate recurring management fees. Over time, successful scaling of these platforms should further support Goldman’s transition toward a more capital-light business model, improve the quality of its revenue mix and reduce earnings volatility.
Goldman’s Competitive Landscape?Two close peers of GS are JPMorgan (JPM - Free Report) and Morgan Stanley (MS - Free Report) , which are also making efforts to expand their AWMbusinesses.
JPMorgan’s AWM segment is a steadier, fee-led profit engine inside the bank, spanning asset management and the private bank. For the first half of 2026, the segment’s revenues rose 15% from the year-ago period. As of June 30, 2026, JPMorgan’s assets under management were $5.14 trillion, up 18% year over year, while client assets increased 19% to $7.66 trillion.
Morgan Stanley’s Wealth and Asset management push is more than a diversification story. For the first half, Wealth Management revenues and Investment Management revenues were $20.6 billion, nearly half of Morgan Stanley’s $41.9 billion in firmwide net revenues. As of June 30, 2026, total client assets across Wealth Management were $8.08 trillion, while assets under management or supervision reached $2 trillion under the Investment Management division.
Goldman’s Price Performance, Valuation, & EstimatesGS shares have jumped 47.2% in the past year compared with the industry’s growth of 29.5%.
Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, Goldman trades at a forward price-to-earnings (P/E) ratio of 14.65X, above the industry’s average of 14.17X.
Price-to-Earnings F12M
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for GS’s 2026 and 2027 earnings implies year-over-year rallies of 34.2% and 4.9%, respectively. Estimates for both years have been revised upward over the past month.
Estimate Revision Trend
Image Source: Zacks Investment Research
Goldman currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Bryn Mawr Trust Advisors LLC purchased a new position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,571 shares of the investment management company’s stock, valued at approximately $5,635,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its stake in shares of The Goldman Sachs Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 29,014,431 shares of the investment management company’s stock worth $25,503,685,000 after acquiring an additional 418,820 shares in the last quarter. State Street Corp grew its position in shares of The Goldman Sachs Group by 2.1% during the 4th quarter. State Street Corp now owns 19,564,783 shares of the investment management company’s stock valued at $17,197,444,000 after acquiring an additional 394,198 shares during the period. Fisher Asset Management LLC increased its stake in shares of The Goldman Sachs Group by 1.7% in the 4th quarter. Fisher Asset Management LLC now owns 6,771,556 shares of the investment management company’s stock valued at $5,952,199,000 after purchasing an additional 110,134 shares in the last quarter. Geode Capital Management LLC raised its holdings in The Goldman Sachs Group by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 6,726,721 shares of the investment management company’s stock worth $5,896,795,000 after purchasing an additional 45,266 shares during the period. Finally, Bank of America Corp DE raised its holdings in The Goldman Sachs Group by 8.0% in the 1st quarter. Bank of America Corp DE now owns 6,455,011 shares of the investment management company’s stock worth $5,460,875,000 after purchasing an additional 476,977 shares during the period. Institutional investors and hedge funds own 71.21% of the company’s stock.
Key Stories Impacting The Goldman Sachs Group Here are the key news stories impacting The Goldman Sachs Group this week:
Positive Sentiment: Goldman Sachs agreed to acquire real-estate investment manager LCN Capital Partners for up to $410 million, including $260 million upfront and as much as $150 million in performance-based consideration. About 80% of the purchase price will reportedly be paid in stock. LCN manages approximately $3 billion in assets and specializes in sale-leasebacks, build-to-suit projects and triple-net leases, adding recurring-fee capabilities to Goldman’s roughly $4 trillion asset-management platform. Goldman Sachs buys LCN Capital Partners Positive Sentiment: The LCN transaction is Goldman’s second asset-management deal in a week, following its planned acquisition of ETF provider Neos Investments for as much as approximately $2.25 billion. The strategy could diversify revenue away from more cyclical trading and investment-banking activities and accelerate long-term fee growth. Goldman Sachs to acquire ETF provider Neos Positive Sentiment: CEO David Solomon expressed strong confidence in Nvidia and participated in discussions about a proposed $500 billion AI infrastructure financing plan. Goldman could benefit from financing, advisory and capital-markets fees if AI investment accelerates, though the plan also introduces potential underwriting and credit risks. Goldman CEO discusses Nvidia and AI financing Neutral Sentiment: Goldman disclosed a 3.05% voting stake in QIAGEN, while a separate filing showed its Ontex holding fluctuating near the 3% disclosure threshold. These appear to be investment or client-position disclosures rather than changes to Goldman’s operating outlook. Goldman Sachs discloses QIAGEN stake Negative Sentiment: Goldman warned that consumer-spending growth could become sluggish as the boost from elevated tax refunds fades. A weaker consumer backdrop could reduce transaction activity and weigh on economic expectations, potentially offsetting benefits from stronger capital-markets conditions. Goldman warns of consumer spending slowdown Analysts Set New Price Targets GS has been the topic of several research analyst reports. HSBC raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, August 5th. Morgan Stanley set a $1,145.00 target price on The Goldman Sachs Group in a research report on Wednesday, July 15th. Jefferies Financial Group set a $1,299.00 price target on shares of The Goldman Sachs Group in a research note on Wednesday, July 15th. Citigroup upped their price objective on shares of The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the stock a “neutral” rating in a research report on Thursday, July 16th. Finally, Daiwa Securities Group lifted their target price on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a research report on Tuesday, May 5th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $1,062.86. View Our Latest Stock Analysis on GS
The Goldman Sachs Group Price Performance Shares of NYSE GS opened at $1,039.68 on Wednesday. The firm has a 50-day simple moving average of $1,054.62 and a 200-day simple moving average of $962.79. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17. The stock has a market capitalization of $302.72 billion, a price-to-earnings ratio of 16.05, a price-to-earnings-growth ratio of 1.05 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 52 week low of $705.55 and a 52 week high of $1,153.99.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its quarterly earnings results on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping analysts’ consensus estimates of $14.47 by $6.51. The firm had revenue of $20.34 billion for the quarter, compared to analyst estimates of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The Goldman Sachs Group’s quarterly revenue was up 39.4% on a year-over-year basis. During the same period in the previous year, the business posted $10.91 earnings per share. On average, equities analysts predict that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current fiscal year.
The Goldman Sachs Group Increases Dividend The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a dividend yield of 1.9%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date is Tuesday, September 1st. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 27.78%.
(Free Report)
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
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Everett Harris & Co. CA purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 542 shares of the investment management company’s stock, valued at approximately $548,000.
Other institutional investors and hedge funds have also modified their holdings of the company. Audent Global Asset Management LLC grew its stake in The Goldman Sachs Group by 10.1% in the 4th quarter. Audent Global Asset Management LLC now owns 5,238 shares of the investment management company’s stock valued at $4,604,000 after buying an additional 479 shares during the last quarter. Oak Grove Capital LLC acquired a new position in The Goldman Sachs Group during the 4th quarter worth $1,890,000. Nomura Asset Management Co. Ltd. grew its position in shares of The Goldman Sachs Group by 2.6% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 141,990 shares of the investment management company’s stock valued at $124,809,000 after purchasing an additional 3,653 shares during the last quarter. Global Retirement Partners LLC increased its stake in shares of The Goldman Sachs Group by 35.0% in the fourth quarter. Global Retirement Partners LLC now owns 11,944 shares of the investment management company’s stock worth $10,499,000 after purchasing an additional 3,098 shares during the period. Finally, New Age Alpha Advisors LLC lifted its position in shares of The Goldman Sachs Group by 92.4% during the 4th quarter. New Age Alpha Advisors LLC now owns 14,298 shares of the investment management company’s stock worth $12,568,000 after purchasing an additional 6,867 shares during the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.
The Goldman Sachs Group Trading Down 1.1% Shares of GS opened at $1,039.68 on Wednesday. The stock’s 50-day moving average price is $1,054.62 and its 200 day moving average price is $962.79. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 3.17. The firm has a market capitalization of $302.72 billion, a price-to-earnings ratio of 16.05, a P/E/G ratio of 1.05 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 12-month low of $705.55 and a 12-month high of $1,153.99.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last announced its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, topping analysts’ consensus estimates of $14.47 by $6.51. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The company had revenue of $20.34 billion during the quarter, compared to the consensus estimate of $16.22 billion. During the same quarter last year, the company earned $10.91 EPS. The company’s quarterly revenue was up 39.4% on a year-over-year basis. As a group, research analysts predict that The Goldman Sachs Group, Inc. will post 68.89 earnings per share for the current year. The Goldman Sachs Group Increases Dividend The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 1st will be paid a $5.00 dividend. The ex-dividend date is Tuesday, September 1st. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. This represents a $20.00 dividend on an annualized basis and a dividend yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio is currently 27.78%.
The Goldman Sachs Group News Roundup Here are the key news stories impacting The Goldman Sachs Group this week:
Positive Sentiment: Goldman Sachs agreed to acquire real-estate investment manager LCN Capital Partners for up to $410 million, including $260 million upfront and as much as $150 million in performance-based consideration. About 80% of the purchase price will reportedly be paid in stock. LCN manages approximately $3 billion in assets and specializes in sale-leasebacks, build-to-suit projects and triple-net leases, adding recurring-fee capabilities to Goldman’s roughly $4 trillion asset-management platform. Goldman Sachs buys LCN Capital Partners Positive Sentiment: The LCN transaction is Goldman’s second asset-management deal in a week, following its planned acquisition of ETF provider Neos Investments for as much as approximately $2.25 billion. The strategy could diversify revenue away from more cyclical trading and investment-banking activities and accelerate long-term fee growth. Goldman Sachs to acquire ETF provider Neos Positive Sentiment: CEO David Solomon expressed strong confidence in Nvidia and participated in discussions about a proposed $500 billion AI infrastructure financing plan. Goldman could benefit from financing, advisory and capital-markets fees if AI investment accelerates, though the plan also introduces potential underwriting and credit risks. Goldman CEO discusses Nvidia and AI financing Neutral Sentiment: Goldman disclosed a 3.05% voting stake in QIAGEN, while a separate filing showed its Ontex holding fluctuating near the 3% disclosure threshold. These appear to be investment or client-position disclosures rather than changes to Goldman’s operating outlook. Goldman Sachs discloses QIAGEN stake Negative Sentiment: Goldman warned that consumer-spending growth could become sluggish as the boost from elevated tax refunds fades. A weaker consumer backdrop could reduce transaction activity and weigh on economic expectations, potentially offsetting benefits from stronger capital-markets conditions. Goldman warns of consumer spending slowdown Wall Street Analysts Forecast Growth GS has been the subject of several recent analyst reports. Oppenheimer downgraded The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 30th. Jefferies Financial Group set a $1,299.00 price target on The Goldman Sachs Group in a report on Wednesday, July 15th. BNP Paribas Exane lowered their price objective on shares of The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Morgan Stanley set a $1,145.00 target price on shares of The Goldman Sachs Group in a research report on Wednesday, July 15th. Finally, BMO Capital Markets upped their target price on shares of The Goldman Sachs Group from $1,070.00 to $1,190.00 and gave the company a “market perform” rating in a research note on Wednesday, July 15th. Two analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,062.86.
Check Out Our Latest Report on The Goldman Sachs Group
(Free Report)
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
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Goldman Sachs za 2. čtvrtletí překonal odhady, když EPS dosáhl 20,98 USD a tržby vzrostly o 39 % na 20,34 miliardy USD. Akcie ale za zhruba měsíc od poslední výsledkové zprávy klesly asi o 10 %.
It has been about a month since the last earnings report for Goldman Sachs (GS - Free Report) . Shares have lost about 10% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Goldman due for a breakout? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for The Goldman Sachs Group, Inc. before we dive into how investors and analysts have reacted as of late.
Goldman Q2 Earnings Beat on Solid Trading & IB RevenuesGoldman reported second-quarter 2026 earnings per share of $20.98, which topped the Zacks Consensus Estimate of $14.47. The metric also surged 92% from $10.91 a year ago.
Driven by robust client activity, Goldman posted record net revenues in Equities of $7.42 billion, which jumped 72% year over year, while fixed income, currencies and commodities (FICC) revenues climbed 32% to $4.59 billion. Strong dealmaking activity lifted investment banking (IB) fees 55% to $3.40 billion, supported by solid growth in advisory, equity underwriting and record debt underwriting revenues.
Goldman’s overall results benefited from strong revenue growth in the Global Banking & Markets and Asset & Wealth Management businesses, while profitability was highlighted by an annualized return on equity of 23.5%. However, higher operating expenses created a headwind. Shares of the company rose in the pre-market trading following the earnings release.
Net earnings attributable to common shareholders were $6.40 billion, up 84% year over year.
Revenues & Expenses Increase
Net revenues were $20.34 billion, rising 39% year over year and comfortably surpassing the Zacks Consensus Estimate of $16.49 billion by 23.3%.
On the cost side, operating expenses were $11.67 billion, up 26% from the prior-year quarter. Management attributed the increase primarily to significantly higher compensation and benefits expenses, reflecting improved operating performance, along with substantially higher transaction-based expenses.
Even with higher costs, Goldman’s efficiency ratio declined 6 basis points to 57.4% for the quarter, reflecting continued operating leverage.
Provision for credit losses was $102 million, down sharply from $384 million in the year-ago quarter, primarily reflecting impairments related to wholesale loans.
Quarterly Segmental Performance
Asset & Wealth Management generated net revenues of $4.60 billion, up 20% year over year. The increase primarily reflected record management and other fees, driven by higher average assets under supervision and significantly higher investment gains from private equity investments, partially offset by weaker private banking and lending revenues. The franchise continued to scale meaningfully. Total assets under supervision increased to a record $4.04 trillion, reflecting $230 billion in total net inflows and $91 billion in long-term net inflows during the quarter.
Global Banking & Markets generated record net revenues of $15.52 billion, up 53% year over year. Growth was driven by record Equities revenues, stronger FICC performance and significantly higher investment banking fees across advisory, equity underwriting and debt underwriting.
Platform Solutions reported net revenues of $221 million, down 64% from the year-ago quarter. The decline primarily reflected net markdowns related to the Apple Card loan portfolio, which had previously been transferred to held for sale.
Balance Sheet & Capital Position
Goldman ended the second quarter with total assets of $2.13 trillion, up from $2.06 trillion at the end of the first quarter, while deposits were $558 billion compared with $561 billion in the previous quarter. Total loans increased sequentially to $261 billion from $253 billion.
Capital ratios strengthened sequentially. The standardized CET1 capital ratio improved to 12.9% from 12.5%, while the advanced CET1 ratio rose to 13.7% from 13.3%. The supplementary leverage ratio was 4.3% compared with 4.7% in the prior quarter.
During the quarter, Goldman returned $5.36 billion to its shareholders, including $4 billion in common share repurchases and $1.36 billion in common stock dividends.
How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a upward trend in fresh estimates.
The consensus estimate has shifted 11.11% due to these changes.
VGM ScoresCurrently, Goldman has a poor Growth Score of F, however its Momentum Score is doing a bit better with a D. Following the exact same course, the stock has a score of D on the value side, putting it in the bottom 40% for this investment strategy.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Goldman has a Zacks Rank #1 (Strong Buy). We expect an above average return from the stock in the next few months.
Goldman Sachs koupí Neos Investments až za 2,25 mld. USD a posílí expanzi do rychle rostoucího trhu ETF s derivátovým výnosem. Po uzavření transakce budou jeho ETF aktiva činit 130 mld. USD.
Goldman Sachs Group Inc (NYSE:GS, XETRA:GOS) will acquire exchange-traded funds provider Neos Investments in a deal valued at up to $2.25 billion, the bank said Wednesday, deepening its push into the fast-growing derivative income ETF market.
The Connecticut-based ETF issuer manages roughly $30 billion across 19 options-based income ETFs, according to data cited by Jefferies.
The acquisition follows Goldman's deal late last year to buy ETF operator Innovator Capital Management for $2 billion. Once the Neos transaction closes, Goldman's combined ETF assets will total $130 billion.
The deal, expected to close in the first quarter of 2027, will be paid in a mix of cash and equity, with a portion tied to asset retention and performance targets, according to Jefferies. Neos co-founders Troy Cates and Garrett Paolella will join Goldman Sachs Asset Management as partners when the deal closes, with the rest of the Neos team expected to follow.
Neos specializes in systematic options-based income strategies, writing index option overlays on equity, fixed income and alternative exposures within a tax-efficient ETF structure. Its flagship funds include SPYI, the S&P 500 High Income ETF with about $11.3 billion in assets; QQQI, the Nasdaq-100 High Income ETF with about $13.9 billion; and IWMI, the Russell 2000 High Income ETF with about $1.1 billion. The firm has also launched hedged equity, alternatives and enhanced fixed income products, including its bitcoin-linked BTCI fund.
Neos has posted year-to-date inflows of about $13 billion. Jefferies noted that the four largest funds have seen annualized organic growth well above industry levels, with QQQI up 143%, IWMI up 236%, BTCI up 104% and SPYI up 101% as of July 31.
As a percentage of assets under management, Goldman is paying about 7.5% for Neos, in line with its Innovator Capital acquisition at roughly 7.1% of AUM and above older deals for specialty ETF franchises struck before the rise of active and derivatives-based ETFs.
The derivative income ETF category has grown to about $180 billion in industry-wide assets, compounding at more than 70% annually since 2021, according to Morningstar data cited by Jefferies.
Combined with its existing options-based ETF lineup, the acquisition positions Goldman Sachs Asset Management among the top eight active ETF providers, with about $80 billion in active ETF assets.
Goldman Sachs zavádí AI napříč firmou, aby zvýšil produktivitu a podpořil růst poplatkových výnosů. Spustil AlphaAI a rozšířil partnerství s Anthropic.
Key Takeaways Goldman is embedding AI across operations to improve productivity and support long-term growth.GS launched AlphaAI and expanded AI partnerships to enhance investing and portfolio company operations.GS is using AI to modernize workflows, strengthen fee-based businesses and improve efficiency over time. The Goldman Sachs Group, Inc. (GS - Free Report) is pursuing an ambitious, firmwide artificial intelligence (AI) transformation aimed at expanding fee-based revenues, improving productivity and strengthening long-term operating leverage. The initiative spans trading, investment banking, asset and wealth management, and internal operations, positioning AI as both an efficiency tool and a potential growth catalyst.
Last month, Yahoo Finance, citing Reuters, reported that Goldman Sachs Asset Management had launched AlphaAI, an artificial intelligence-focused investment platform. The initiative underscores the firm's conviction that AI will emerge as a significant driver of investment opportunities and returns across both public and private markets. Earlier, Goldman also partnered with Anthropic on a $1.5-billion initiative designed to accelerate AI adoption across hundreds of portfolio companies.
At the center of Goldman’s transformation are two major initiatives — One Goldman Sachs 3.0, or OneGS 3.0, and the GS AI Assistant program. OneGS 3.0 is a multi-year effort to integrate AI into the firm’s core operating model rather than treat it as a standalone technology. The program focuses on simplifying workflows, modernizing infrastructure and supporting scalable growth through shared platforms, standardized processes and higher-quality data.
The GS AI Assistant is expected to further improve employee productivity by helping professionals analyze information, generate content and complete routine tasks more efficiently. As adoption expands, the platform could reduce manual workloads and allow employees to devote more time to client engagement, decision-making and higher-value activities.
Beyond operational improvements, AI is reshaping Goldman’s revenue mix. The firm is increasingly focusing on higher-fee, data-driven businesses while reducing the reliance on balance sheet-intensive activities. Its acquisition of Industry Ventures underscores this shift, with plans to leverage AI and advanced analytics to enhance valuation, risk assessment and portfolio construction in private markets.
Management has expressed strong confidence in AI’s long-term potential. Although spending on AI, data and digital infrastructure may keep expenses elevated in the near term, the investments could generate meaningful productivity gains and help the firm move toward its medium-term efficiency ratio target of 60%.
How GS Is Positioned Against Peers in Using AIGoldman’s peers JPMorgan (JPM - Free Report) and Citigroup (C - Free Report) are investing heavily in AI, automation and digital transformation to improve efficiency, personalize services and maintain a competitive advantage.
JPMorgan is embedding AI across fraud detection, credit risk, wealth management and operations to enhance efficiency, compliance and customer experience. Generative AI tools further streamline workflows, strengthening JPMorgan’s leadership in U.S. digital banking.
Citigroup is accelerating its AI transformation by modernizing legacy systems, deploying chatbots and advancing agentic AI for complex financial tasks. Citigroup’s strategy spans wealth management, corporate banking and real-time lending, supported by strong digital engagement and seamless omnichannel services.
Goldman’s Price Performance, Valuation & EstimatesGS shares have jumped 45.3% in the past year compared with the industry’s growth of 28.4%.
Price Performance
Image Source: Zacks Investment Research
From a valuation standpoint, Goldman trades at a forward price-to-earnings (P/E) ratio of 14.49X, above the industry’s average of 13.92X.
Price-to-Earnings F12M
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for GS’s 2026 and 2027 earnings implies year-over-year rallies of 34.2% and 4.9%, respectively. The estimates for both years have been revised upward over the past 30 days.
Estimate Revision Trend
Image Source: Zacks Investment Research
Goldman currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Goldman Sachs spustila novou platformu pro bohaté klienty a rodinné kanceláře, která jim umožní přímé investice do soukromých firem a obchodování s těmito podíly na sekundárním trhu. Cílí hlavně na pozdější fáze růstu, včetně AI infrastruktury, tedy na firmy se zavedenými produkty, významnými tržbami a jasnější cestou k ziskovosti.
Goldman Sachs has created a new platform to expand its offerings for wealthy clients and family offices who increasingly want direct stakes in fast-growing private companies, CNBC has learned.
The new group, called the alternative investments platform, combines Goldman's existing alternatives business with two newly established teams, according to a memo seen first by CNBC.
The new teams focus on direct investments in individual private companies, rather than broader private equity funds, and on helping clients buy and sell those stakes, according to the memo.
"There has been a lot of focus on the big growth tech names and getting clients access to those before they debut in the public markets," Kristin Olson, Goldman Sachs' global head of alternatives for wealth, told CNBC in an interview.
Goldman's move reflects two of the biggest trends reshaping Wall Street. The firm has spent years pushing deeper into wealth and asset management because of its perception as providing steadier revenues than investment banking and trading. At the same time, the most successful startups are staying private far longer than they once did, allowing early investors to capture most of the gains before public investors get a chance.
"Companies are going public at a trillion dollars," Olson said. "If you haven't participated along the way, you're clearly missing a big part of the growth cycle."
AI boomGoldman has been arranging direct investments in later-stage private companies for wealthy clients for roughly two decades, Olson said, pointing to Facebook before its 2012 IPO and later SpaceX, Stripe and Canva. But growth in demand for the asset class convinced executives to break out the business, she added.
The firm's goal, Olson said, is to help clients identify promising companies before they become household names.
Rather than targeting early-stage startups, Olson said Goldman generally focuses on later-stage companies that have established products, meaningful revenue and clearer paths toward profitability, seeking what she described as a "sweet spot" between risk and return.
The AI investment boom has only intensified demand. Beyond leading model developers, Goldman is increasingly steering clients toward investments in the infrastructure underpinning AI, including data centers and related projects, Olson said.
watch now
The announcement comes days after Goldman reported record quarterly revenue, with executives highlighting AI-driven activity across investment banking, trading and financing businesses. The results reinforced investors' view that Goldman is positioned to benefit from multiple facets of the AI investment cycle.
The announcement also formalizes Goldman's growing business helping clients find liquidity for private investments.
Through its new secondary advisory group, the firm plans to expand a marketplace that allows clients to buy and sell private holdings while also advising clients looking to exit investments held outside Goldman.
"We said, let's break that out and let's make it very clearly defined as something that we're leaning into," Olson said.
Aire Advisors LLC ve 1. čtvrtletí nově nakoupila 550 akcií Goldman Sachs za zhruba 465 000 USD. Goldman Sachs zároveň oznámila vyšší čtvrtletní dividendu ve výši 5,00 USD na akcii.
Aire Advisors LLC acquired a new stake in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 550 shares of the investment management company’s stock, valued at approximately $465,000.
A number of other institutional investors also recently modified their holdings of the stock. Norges Bank bought a new stake in shares of The Goldman Sachs Group in the 4th quarter valued at approximately $2,515,830,000. Corient Private Wealth LLC grew its position in The Goldman Sachs Group by 1,657.7% in the fourth quarter. Corient Private Wealth LLC now owns 2,596,487 shares of the investment management company’s stock worth $2,282,312,000 after acquiring an additional 2,448,767 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of The Goldman Sachs Group during the 1st quarter worth $2,024,921,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of The Goldman Sachs Group by 428.4% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 556,254 shares of the investment management company’s stock worth $488,947,000 after purchasing an additional 450,984 shares during the last quarter. Finally, Diamant Asset Management Inc. raised its holdings in shares of The Goldman Sachs Group by 84,499.0% during the 1st quarter. Diamant Asset Management Inc. now owns 422,995 shares of the investment management company’s stock valued at $35,785,000 after purchasing an additional 422,495 shares in the last quarter. Institutional investors and hedge funds own 71.21% of the company’s stock.
The Goldman Sachs Group Trading Down 2.7% GS stock opened at $1,066.28 on Friday. The Goldman Sachs Group, Inc. has a fifty-two week low of $691.88 and a fifty-two week high of $1,153.99. The stock has a market capitalization of $314.56 billion, a price-to-earnings ratio of 16.46, a P/E/G ratio of 1.24 and a beta of 1.30. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.11 and a quick ratio of 0.63. The business has a fifty day moving average price of $1,035.20 and a 200 day moving average price of $945.44.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last posted its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, topping the consensus estimate of $14.47 by $6.51. The firm had revenue of $20.34 billion during the quarter, compared to analysts’ expectations of $16.22 billion. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 18.59%. The Goldman Sachs Group’s revenue was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $10.91 EPS. Analysts expect that The Goldman Sachs Group, Inc. will post 64.34 EPS for the current fiscal year.
The Goldman Sachs Group Increases Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 1st will be issued a dividend of $5.00 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $20.00 annualized dividend and a yield of 1.9%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.78%.
Analyst Upgrades and Downgrades Several equities research analysts recently issued reports on the stock. Rothschild & Co Redburn lifted their price objective on shares of The Goldman Sachs Group from $870.00 to $920.00 and gave the company a “neutral” rating in a research note on Thursday, June 25th. JPMorgan Chase & Co. increased their price objective on The Goldman Sachs Group from $900.00 to $955.00 and gave the company a “neutral” rating in a report on Wednesday. Keefe, Bruyette & Woods raised their price objective on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a “market perform” rating in a research note on Wednesday. BNP Paribas Exane reduced their target price on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Finally, Oppenheimer lowered shares of The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research note on Tuesday, June 30th. Nine analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1,061.43.
View Our Latest Research Report on The Goldman Sachs Group
The Goldman Sachs Group News Roundup Here are the key news stories impacting The Goldman Sachs Group this week:
Positive Sentiment: Goldman Sachs was added to the Zacks Rank #1 (Strong Buy) list, reinforcing bullish sentiment around the stock after its strong quarterly results. Positive Sentiment: The bank also made Zacks’ Strong Buy income stocks list, reflecting investor interest in Goldman Sachs as a dividend and total-return play. Positive Sentiment: Bank of America raised its price target on Goldman Sachs to $1,300 from $1,150 and kept a buy rating, implying additional upside from current levels. Positive Sentiment: JPMorgan and other commentary highlighted Goldman Sachs’ strong first-half M&A performance, along with record Q2 results and a 25% dividend increase plus a $4 billion share repurchase program. Positive Sentiment: Goldman Sachs’ equity underwriting revenue jumped sharply, helped by renewed capital markets activity and AI-related deal flow, which supports optimism for future investment banking revenue. Neutral Sentiment: Separately, Goldman Sachs disclosed a 3.5% voting interest in Qiagen, a portfolio-related filing that is not clearly material to Goldman’s own earnings outlook. Insider Transactions at The Goldman Sachs Group In other news, CFO Denis P. Coleman sold 6,857 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $973.55, for a total value of $6,675,632.35. Following the transaction, the chief financial officer owned 31,070 shares of the company’s stock, valued at approximately $30,248,198.50. This trade represents a 18.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kathryn H. Ruemmler sold 14,292 shares of The Goldman Sachs Group stock in a transaction that occurred on Wednesday, May 6th. The stock was sold at an average price of $939.07, for a total transaction of $13,421,188.44. Following the sale, the insider owned 15,657 shares of the company’s stock, valued at approximately $14,703,018.99. This represents a 47.72% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 32,566 shares of company stock valued at $30,712,978. 0.55% of the stock is owned by company insiders.
About The Goldman Sachs Group (Free Report)
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
Read More Five stocks we like better than The Goldman Sachs Group AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident GE Aerospace Faces a Prove-It Moment in Q2 Earnings Want to see what other hedge funds are holding GS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Goldman Sachs Group, Inc. (NYSE:GS – Free Report).
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Allspring Global Investments Holdings LLC ve 1. čtvrtletí zvýšila podíl v Goldman Sachs o 58,7 % na 90 848 akcií po nákupu 33 619 kusů. Goldman Sachs zároveň oznámila EPS 20,98 USD a výnosy 20,34 miliardy USD za čtvrtletí, obojí nad odhady.
Allspring Global Investments Holdings LLC grew its position in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) by 58.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 90,848 shares of the investment management company’s stock after purchasing an additional 33,619 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in The Goldman Sachs Group were worth $78,149,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of GS. Dagco Inc. bought a new stake in The Goldman Sachs Group during the 4th quarter valued at approximately $25,000. Garton & Associates Financial Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter valued at approximately $26,000. Manning & Napier Advisors LLC boosted its holdings in The Goldman Sachs Group by 287.5% in the fourth quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after purchasing an additional 23 shares during the last quarter. Steph & Co. bought a new stake in The Goldman Sachs Group in the 1st quarter worth approximately $27,000. Finally, Lifetime Wealth Management P.C. purchased a new stake in The Goldman Sachs Group during the 4th quarter valued at $29,000. 71.21% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth Several analysts recently issued reports on the company. Dbs Bank increased their target price on The Goldman Sachs Group from $890.00 to $1,050.00 in a research report on Thursday, May 7th. HSBC raised their target price on shares of The Goldman Sachs Group from $729.00 to $765.00 in a report on Monday, May 4th. Keefe, Bruyette & Woods lifted their target price on The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the stock a “market perform” rating in a research report on Wednesday. Weiss Ratings cut The Goldman Sachs Group from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday. Finally, UBS Group upped their price target on shares of The Goldman Sachs Group from $940.00 to $1,120.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 7th. Nine equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $1,061.43.
Check Out Our Latest Research Report on The Goldman Sachs Group
The Goldman Sachs Group News Summary Here are the key news stories impacting The Goldman Sachs Group this week:
Positive Sentiment: Goldman Sachs was added to the Zacks Rank #1 (Strong Buy) list, reinforcing bullish sentiment around the stock after its strong quarterly results. Positive Sentiment: The bank also made Zacks’ Strong Buy income stocks list, reflecting investor interest in Goldman Sachs as a dividend and total-return play. Positive Sentiment: Bank of America raised its price target on Goldman Sachs to $1,300 from $1,150 and kept a buy rating, implying additional upside from current levels. Positive Sentiment: JPMorgan and other commentary highlighted Goldman Sachs’ strong first-half M&A performance, along with record Q2 results and a 25% dividend increase plus a $4 billion share repurchase program. Positive Sentiment: Goldman Sachs’ equity underwriting revenue jumped sharply, helped by renewed capital markets activity and AI-related deal flow, which supports optimism for future investment banking revenue. Neutral Sentiment: Separately, Goldman Sachs disclosed a 3.5% voting interest in Qiagen, a portfolio-related filing that is not clearly material to Goldman’s own earnings outlook. Insider Transactions at The Goldman Sachs Group In other news, insider Kathryn H. Ruemmler sold 14,292 shares of the stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $939.07, for a total value of $13,421,188.44. Following the completion of the transaction, the insider directly owned 15,657 shares in the company, valued at $14,703,018.99. This trade represents a 47.72% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Denis P. Coleman sold 6,857 shares of the business’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of $973.55, for a total value of $6,675,632.35. Following the sale, the chief financial officer directly owned 31,070 shares in the company, valued at $30,248,198.50. This trade represents a 18.08% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 32,566 shares of company stock valued at $30,712,978 over the last 90 days. Insiders own 0.55% of the company’s stock.
The Goldman Sachs Group Stock Performance Shares of The Goldman Sachs Group stock opened at $1,066.28 on Friday. The business has a 50-day moving average of $1,035.20 and a 200 day moving average of $945.44. The company has a debt-to-equity ratio of 2.83, a current ratio of 1.11 and a quick ratio of 0.63. The stock has a market capitalization of $314.56 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.24 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 12 month low of $691.88 and a 12 month high of $1,153.99.
The Goldman Sachs Group (NYSE:GS – Get Free Report) last issued its quarterly earnings data on Tuesday, July 14th. The investment management company reported $20.98 earnings per share for the quarter, beating analysts’ consensus estimates of $14.47 by $6.51. The company had revenue of $20.34 billion during the quarter, compared to analysts’ expectations of $16.22 billion. The Goldman Sachs Group had a return on equity of 18.59% and a net margin of 15.53%.The firm’s revenue for the quarter was up 39.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $10.91 earnings per share. As a group, sell-side analysts forecast that The Goldman Sachs Group, Inc. will post 64.34 earnings per share for the current year.
The Goldman Sachs Group Increases Dividend The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be paid a dividend of $5.00 per share. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date is Tuesday, September 1st. This represents a $20.00 annualized dividend and a dividend yield of 1.9%. The Goldman Sachs Group’s dividend payout ratio (DPR) is currently 27.78%.
About The Goldman Sachs Group (Free Report)
The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.
Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.
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« PREVIOUS HEADLINEAire Advisors LLC Acquires New Position in The Goldman Sachs Group, Inc. $GS
David Solomon z Goldman Sachs řekl, že tento „flywheel of activity“ má pokračovat. Banka ve 2. čtvrtletí zvýšila výnosy o 39 % a zisk na akcii o 92 % meziročně.
The five biggest U.S. banks reported second-quarter earnings on Tuesday, and their results painted a very bright picture for investors. Economic activity is high across sectors, driven by incredible growth in investment banking. Goldman Sachs (GS 4.91%) was one of the biggest winners.
Goldman Sachs is the biggest investment bank in the country, and its stock is trouncing the market this year, up 31%, tripling the S&P 500's comparable gain. But the impact of a strong market and high initial public offering (IPO) activity isn't limited to Goldman Sachs and the other big banks. In his discussion of the results, CEO David Solomon remarked, "We expect this flywheel of activity to continue."
That statement is great news for all investors.
Image source: Getty Images.
The year of record IPOs Goldman Sachs tried its hand at consumer banking through its Marcus venture, but investment banking has always been its main revenue generator, and this division is a microcosm of general underwriting and mergers-and-acquisitions activity.
Here are some of the second-quarter highlights:
Revenue increased 39% year over year. Global banking and markets increased 53% year over year. Earnings per share were up 92% from last year. Return on tangible common equity (ROCTE) was 25.5%, up from 13.6% last year and 21.3% in the first quarter. Solomon noted that there's heightened activity in artificial intelligence (AI) infrastructure spending, and that the effect is rippling across industries. "This is creating significant opportunities for Goldman Sachs to provide structuring, financing, risk management, and capital markets execution across both public and private markets," he explained. Goldman Sachs is benefiting from the windfall; it has established itself as the leader in this industry over more than a century of operations and has strong relationships and a solid reputation.
One of its high-profile activities in the second quarter was serving as the lead underwriter for the record-shattering IPO of Space Exploration Technologies, from which it took in $100 million. It was also involved in the SK Hynix U.S.-based share offering, and it helped raise $85 billion for Alphabet in a secondary offering.
In total, equity underwriting increased 130% to $985 billion.
What it means for the everyday investor Goldman Sachs is enjoying the robust market activity, but as Solomon notes, there's a ripple effect across industries, driven by AI investment. That implies continued growth in AI and AI-adjacent companies, as well as in most companies keeping up with the trend. It also implies more upside for AI stocks.
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The latest inflation data from the Department of Labor was better than expected, with a 3.5% rise in June, and that's another sign of a strengthening economy.
Investors should still tread carefully; historically, high IPO activity has preceded market crashes. For example, there were 397 IPOs in 2000, right before the market crashed, and it took 20 years to get back to that high. There were a record 1,035 IPOs in 2021 before the S&P 500 lost 19% of its value in 2022.
For now, it looks like the AI flywheel is turning, and it's likely to continue for some time.
Goldman Sachs ve 2. čtvrtletí zvýšila tržby meziročně o 39 % na rekordních 20,34 mld. USD a zisk na akcii na 20,98 USD. Rekordní bylo i obchodování s akciemi, kde tržby vyskočily o 72 % na 7,42 mld. USD.
Podobně jako JP Morgan či Bank of America hlásí silné hospodářské výsledky za letošní druhý kvartál také další americká banka Goldman Sachs. Ta zaznamenala rekordní čtvrtletí v obchodování s akciemi - výnosy zde meziročně vzrostly o 72 procent na rekordních 7,42 miliardy dolarů. Pozoruhodná je skutečnost, že se jedná už o třetí čtvrtletí v řadě, během něhož banka překonala v tomto segmentu své předchozí maximum.
Co se týče hlavních čísel, tak celkové tržby vzrostly meziročně o 39 procent na rekordních 20,34 mld. USD při konsenzu 16,35 mld. USD. Zisk na akcii činil 20,98 USD (+92 % y/y), což bylo rovněž výrazně nad odhadem ve výši 14,45 USD.
Banka uvedla, že růst podpořily jak příjmy z financování klientských pozic, tak z aktivit spojených s tvorbou a realizací investičních strategií. Pozitivně překvapilo také obchodování s úrokovými produkty, které se po slabším začátku roku vrátilo k růstu.
Významným zdrojem příjmů bylo také investiční bankovnictví. Poplatky za poradenství při fúzích a akvizicích, emise akcií a dluhopisů dosáhly 3,4 miliardy dolarů a rovněž překonaly očekávání analytiků. Šlo o nejsilnější čtvrtletí investičního bankovnictví Goldman Sachs od roku 2021.
Silné výsledky potvrzují pokračující oživení na trhu korporátních transakcí. Goldman Sachs patřila mezi hlavní organizátory některých nejvýznamnějších obchodů posledních měsíců včetně rekordního vstupu společnosti SpaceX na burzu a kapitálové transakce technologického gigantu Alphabet. Výnosy z akciového financování firem se meziročně více než zdvojnásobily.
Banka si zároveň upevňuje dominantní postavení na trhu fúzí a akvizic. Podle dostupných dat se letos podílela na transakcích v celkovém objemu přesahujícím jeden bilion dolarů a drží více než třetinový podíl na globálním trhu poradenství v oblasti M&A, píše Bloomberg.
Rekordní výsledky přicházejí v období, kdy investoři ve velkém přesouvají kapitál do technologických firem profitujících z rozvoje AI. Akciové trhy přitom pokračovaly v růstu navzdory geopolitickým rizikům spojeným s konfliktem na Blízkém východě. Index S&P 500 zaznamenal během čtvrtletí jeden z nejsilnějších výkonů za poslední roky.
Generální ředitel Goldman Sachs David Solomon již dříve uvedl, že na trzích aktuálně převažuje chuť riskovat nad obavami z možného zpomalení ekonomiky. Investoři podle něj aktivně vstupují do nových akciových emisí a využívají příznivého tržního prostředí.
Goldman Sachs před výsledky za 2. čtvrtletí klesl od letošního maxima o více než 6 % a technicky vytváří medvědí formaci. Trh čeká silné výsledky, ale akcie zůstávají zranitelné.
Goldman Sachs stock has pulled back more than 6% from its year-to-date high and has gradually formed a risky chart pattern ahead of its second-quarter earnings on Tuesday. The stock was trading at $1,055 and appears vulnerable to further downside despite expectations for strong earnings.
The GS stock price has pulled back in the past few weeks, moving from a high of $1,125 on June 15 to $1,055. It has formed a head-and-shoulders pattern, a common bearish reversal sign in technical analysis. Its head is at $1,125, while the right and left shoulders are at $1,100. The neckline is at $1,000.
The stock has also formed what looks like a diamond reversal pattern, which normally leads to a bearish breakout over time. At the same time, the two lines of the MACD indicator formed a bearish crossover and are pointing downwards.
Therefore, there is a risk that the stock will retreat in the coming weeks, potentially to the neckline at $1,000. The bearish outlook will become invalid if it jumps above the head section of $1,125.
GS stock chart | Source: TradingView
On the positive side, all signs are that the company will publish strong financial results on Tuesday this week.
All indications are that its business is having one of its best years. For example, data compiled by the Wall Street Journal shows that Goldman Sachs has advised M&A deals worth over $1.2 trillion this year, much higher than JPMorgan’s $843 billion.
Goldman Sachs has also led as the top bookrunner in IPOs this year, with the value of deals rising to over $67.9 billion, higher than last year’s $35 billion. Dealogic estimates that its investment banking revenue jumped to over $5.7 billion, higher than last year’s $4.1 billion.
The most recent results showed that its business boomed in the first quarter, with the Global Banking and Markets division rising by 11% to over $12.7 billion. Its asset and wealth management revenue rose by 10% to $4 billion.
READ MORE: Goldman Sachs stock has soared: here’s why it has more gains ahead
This growth likely continued growing in the second quarter as its investment banking and trading businesses soaring. Its investment banking revenue is benefiting from major deals, including the recent SpaceX IPO and the recent SK Hynix listing. It also took part in the $67 billion deal between NextEra and Dominion Energy.
Trading has also continued booming this year, helped by the US-Iran war that has led to substantial market volatility.
Analysts anticipate that the upcoming results will show that its business continued to boom. The average estimate is that its revenue rose by 12.50% to $16.4 billion, while its guidance for the third quarter will be $16 billion. Goldman has a long history of doing better than expected.
Analysts have a bullish outlook for the company. Bank of America boosted its target from $1,050 to $11,50, while UBS hiked from $940 to $1,120. BMO Capital Markets and Morgan Stanley hiked to $1,070 and $1,099.
Goldman Sachs oznámí výsledky za 2. čtvrtletí 14. července po silném 1. čtvrtletí, kdy tržby z investičního bankovnictví vzrostly o 48 % na 2,84 miliardy USD.
Goldman Sachs (GS +2.56%), one of the premier investment banks in the world, is coming off a strong first quarter, fueled by record mergers and acquisitions activity.
So what will it do for an encore?
We'll find out in a few days, as Goldman Sachs posts its second-quarter earnings results on Tuesday, July 14.
Here's what to expect.
Image source: Getty Images.
M&A fuels blowout Q1 The first quarter was one of the best in recent years for merger and acquisition (M&A) activity, with global deal volume rising some 50% year over year to $1.6 trillion.
Goldman Sachs was a huge beneficiary of that surge in activity, ranking No. 1 in volume of deals and No. 2 in the number of deals. It facilitated five deals worth more than $10 billion, including the pending merger of Unilever and spice company McCormick.
It drove Goldman Sachs to blowout earnings in Q1 as investment banking revenue rose 48% year over year to $2.84 billion. Total revenue climbed 14% to $17.2 billion while net earnings increased 19% to $5.6 billion.
Goldman Sachs is not only the largest investment banking firm, but it also derives a larger percentage of revenue from M&A than its major competitors. So, when M&A and investment banking is hot, Goldman Sachs typically outperforms. Year to date, Goldman Sachs shares are up 20%, and they have gained 51% over the past 12 months.
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What to expect in Q2 With Q2 now complete and an earnings report right around the corner, investors will be watching to see whether Goldman Sachs can maintain its momentum.
Wall Street analysts anticipated about $16.3 billion in revenue in Q2, which would be down from Q1 but up some 11% year over year. Earnings are targeted at $14.16 per share, which would be up 30% year over year.
The lower expected numbers in Q2 are not unusual, as investment banking results are typically the best in Q1 due to fresh budget allocations and other factors. On top of that, it was a historically good quarter for M&A, so it would be hard for Goldman Sachs to replicate.
But I wouldn't be shocked to see a surprise on the upside in Q2. Investment banking and M&A have remained hot in Q2, highlighted by the Space Exploration Technologies, or SpaceX, IPO, which Goldman Sachs was the lead underwriter on. Analysts said it could be one of the biggest underwriting payouts ever, generating some $100 million in fees for Goldman Sachs.
According to M&A law firm A.O. Shearman, there was $2.8 trillion in global deal volume in the first half of 2026, the most since 2021. That would be up from $2.7 trillion in the same period last year.
Deal-making was not as robust in Q2 -- the $2.8 trillion total would suggest it hit $1.2 trillion in Q2 -- but it was still strong. And the market will remain hot in the second half, particularly for Goldman Sachs, which is the co-lead advisor on the Anthropic IPO, which is expected in the second half of 2026.
That should be good news for Goldman Sachs. I'd expect another strong quarter for the investment banking firm, and its stock should move higher given its fairly low valuation of 17 times earnings.
Goldman Sachs má podle Wall Street vykázat ve čtvrtletí zisk 14,47 USD na akcii a tržby 16,49 miliardy USD, což je meziročně o 32,6 % a 13,1 % více. Odhad EPS byl za 30 dní zvýšen o 3,5 %.
In its upcoming report, Goldman Sachs (GS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $14.47 per share, reflecting an increase of 32.6% compared to the same period last year. Revenues are forecasted to be $16.49 billion, representing a year-over-year increase of 13.1%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 3.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Goldman metrics that are commonly monitored and projected by Wall Street analysts.
It is projected by analysts that the 'Net Revenues- Platform Solutions- Total' will reach $251.13 million. The estimate indicates a change of -63.3% from the prior-year quarter.
According to the collective judgment of analysts, 'Net Revenues- Global Banking & Markets- Equities' should come in at $5.26 billion. The estimate suggests a change of +22.3% year over year.
The combined assessment of analysts suggests that 'Net Revenues- Global Banking & Markets- Other' will likely reach $142.50 million. The estimate points to a change of -11.5% from the year-ago quarter.
Analysts expect 'Net Revenues- Global Banking & Markets- Investment banking fees' to come in at $2.90 billion. The estimate suggests a change of +32.3% year over year.
Analysts forecast 'Net Revenues- Global Banking & Markets- Total' to reach $12.11 billion. The estimate indicates a year-over-year change of +19.6%.
Based on the collective assessment of analysts, 'Net Revenues- Asset & Wealth Management- Private banking and lending' should arrive at $638.94 million. The estimate points to a change of -19% from the year-ago quarter.
The average prediction of analysts places 'Net Revenues- Global Banking & Markets- FICC' at $3.81 billion. The estimate suggests a change of +9.8% year over year.
The consensus among analysts is that 'Net Revenues- Asset & Wealth Management- Total' will reach $4.18 billion. The estimate indicates a change of +10.7% from the prior-year quarter.
Analysts' assessment points toward 'Book Value Per Share' reaching $365.72 . The estimate compares to the year-ago value of $349.74 .
The consensus estimate for 'Assets Under Supervision (AUS) - Total' stands at $3818.46 billion. Compared to the present estimate, the company reported $3293.00 billion in the same quarter last year.
Analysts predict that the 'Standardized Capital Rules - Common equity tier 1 capital ratio' will reach 12.9%. Compared to the present estimate, the company reported 14.5% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Leverage ratio' of 4.4%. The estimate is in contrast to the year-ago figure of 5.3%.
View all Key Company Metrics for Goldman here>>>
Shares of Goldman have demonstrated returns of +2.8% over the past month compared to the Zacks S&P 500 composite's +1.1% change. With a Zacks Rank #2 (Buy), GS is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Goldman Sachs chce do roku 2030 spravovat 750 miliard USD v alternativních aktivech, z nynějších 429 miliard. Cíl staví na trhu soukromých trhů v řádu bilionů USD.
Goldman Sachs (NYSE:GS | GS Price Prediction) is chasing a private markets opportunity measured in the trillions, and the firm has put a hard number on how much of it it wants to own – $750 billion in alternative assets under supervision by 2030. That target sits inside a private credit landscape CEO David Solomon sized on the Q1 2026 call at roughly $3.5 trillion in total assets, with $1.6 trillion to $1.7 trillion in direct lending alone, and adjacent to a private equity pool of roughly $4 trillion in enterprise value of sponsor-owned companies waiting for exits. Goldman’s own alternatives book stands at $429 billion today.
The gap between where the firm is and where it wants to be is the story (roughly $2 trillion in private markets).
What It Means The $750 billion target rests on a concrete annual fundraising target of $75 billion to $100 billion, and the run rate is already there. Goldman raised $26 billion in gross third-party alternatives in Q1 2026, of which $10 billion went into private credit strategies. Full-year 2025 gross alternatives fundraising hit a record $115 billion, and cumulative alternatives raised since 2019 now total $464 billion.
Firmwide assets under supervision hit a record $3.65 trillion, with $62 billion of long-term fee-based net inflows marking the 33rd consecutive quarter of positive flow. Notably, Goldman Sachs management and other fees rose 14% year over year. This is a capital-light annuity business being layered on top of a capital-markets franchise.
Market Reaction Goldman shares closed at $1,021 on July 2, 2026, up 17.26% year to date from $870.70 at the December 31, 2025 close. Over one year, the stock is up 45.46%, and over five years 207.96%. The last month has seen this growth cool (with GS stock off a little more than 4%), and the analyst consensus price target of $978.35 now sits below the current price.
Bull Case Goldman’s Q1 2026 earnings report already showed what happens when the alternatives flywheel spins alongside a hot deal market. The company posted EPS of $17.55, beating the $16.24 consensus by 8.07%, on $17.23 billion in net revenue. Net income of $5.63 billion rose 18.83% year over year, return on equity hit 19.8%, and return on tangible equity reached 21.3%, well above the through-the-cycle target of 14% to 16%. Advisory revenue climbed 89% year over year to $1.49 billion, and total investment banking fees rose 48% to $2.84 billion.
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The private markets push is being reinforced by acquisitions. The Industry Ventures deal closed in Q1 2026, adding $5 billion in alternative AUS inflows in venture capital secondaries, and the Innovator Capital Management acquisition closed in Q2 2026, adding $31 billion in AUS and vaulting Goldman into the top 10 of global active ETF providers. Solomon called out a 30-year track record in private credit, and CFO Denis Coleman noted that “Our life-to-date realized losses, if you exclude some direct commercial real estate, are 0″ in the FICC financing book. Institutional investors make up over 80% of partners, insulating the platform from the retail redemption pressure hitting peers.”
I think what’s important to note is that this is a company with a very aggressive capital return profile. Goldman returned $6.38 billion to shareholders in Q1 via buybacks and dividends, repurchased 5.4 million shares at an average $923.49, and has roughly $32 billion remaining under buyback authorization. The bank’s CET1 ratio sits at an impressive 12.5%, 110 basis points above requirement.
Bottom Line Long-term holders own a firm converting a cyclical capital-markets engine into a fee-based alternatives platform, at scale, on a stated glide path from $429 billion to $750 billion by 2030. The stock trades at a forward earnings multiple of 17 with a dividend yield of 1.53% and a next dividend already paid on June 29, 2026.
Goldman’s Q2 2026 earnings are the next catalyst, with the Street modeling EPS of $13.95 on revenue of $15.9 billion. The private markets pie is measured in trillions. Goldman just told investors exactly how big a slice it plans to carve out.
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Goldman Sachs čeká za čtvrtletí zisk 14,01 USD na akcii a tržby 16,31 miliardy USD, což by znamenalo meziroční růst o 28,4 % a 11,8 %. Analytici navíc po úpravách odhadů vidí vyšší šanci na překonání konsenzu.
Wall Street expects a year-over-year increase in earnings on higher revenues when Goldman Sachs (GS - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 14. On the other hand, if they miss, the stock may move lower.
While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.
Zacks Consensus EstimateThis investment bank is expected to post quarterly earnings of $14.01 per share in its upcoming report, which represents a year-over-year change of +28.4%.
Revenues are expected to be $16.31 billion, up 11.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 2.62% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Goldman?For Goldman, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.07%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that Goldman will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Goldman would post earnings of $16.34 per share when it actually produced earnings of $17.55, delivering a surprise of +7.41%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Goldman appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
The Goldman Sachs Group, Inc. (NYSE:GS) will release its second quarter earnings report before the opening bell on Tuesday, July 14.
Analysts expect the New York-based company to report quarterly earnings of $13.95 per share, up from $10.91 per share in the year-ago period. The consensus estimate for Goldman Sachs’ quarterly revenue is $15.9 billion. It reported $14.58 billion last year, according to Benzinga Pro.
On June 24, Goldman Sachs announced plans to raise quarterly dividend from $4.50 to $5.00 per share, pending board approval.
Goldman Sachs shares fell 0.9% to close at $1,011.37 on Tuesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying GS stock? Here’s what analysts think:
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Market News and Data brought to you by Benzinga APIs
Private credit fond Goldman Sachsu ve 2. čtvrtletí čelil žádostem o odkup jen na zhruba 3,24 % podílů na fondu, tedy pod svým limitem 5 %. Goldman uvedl, že je plně uspokojil.
Goldman Sachs logo appears in this illustration taken December 1, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
CompaniesJuly 1 (Reuters) - Goldman Sachs' (GS.N), opens new tab private credit fund said on Wednesday that investors sought to repurchase roughly 3.24% of its total shares in the second quarter, extending its streak of lower redemptions compared to most of the other players of the private credit industry.
The bank's fund, GS Credit, once again outperformed the sector that has been grappling with elevated redemption requests, driven by investor fears that AI could weaken the earnings of software companies and their ability to repay loans.
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Here are some details:
Goldman said second-quarter repurchase requests were below its 5% quarterly repurchase cap and were fulfilled in full.
Business development companies (BDCs) typically channel investor capital into private loans, making them a key part of the private credit industry.
"Across the largest non-traded BDC managers reporting second quarter activity to date, peer repurchase requests have generally ranged from approximately 10% to nearly 17% of shares outstanding," Goldman said in a letter to shareholders.
The Goldman fund generated roughly $275 million of gross inflows during the second quarter, it said.
Several analysts and technology companies have argued that concerns about AI's impact on the software sector are overblown, saying established companies have businesses, proprietary data and customer relationships that will be difficult to displace.
"We continue to believe that incumbency moats — mission-critical workflows, proprietary data, deep domain expertise, regulatory complexity, and customer trust — remain powerful sources of defensibility," Goldman said.
Reuters reported in April, citing a source, that a large share of the fund's investors came through Goldman's private wealth channels, where clients have been long-term investors in private credit and are better positioned to endure illiquidity.
Reporting by Manya Saini in Bengaluru; Editing by Shinjini Ganguli
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One of the leading investment banks in the world, Goldman Sachs (GS +0.24%), recently stated its intention to raise its quarterly dividend by 11% to $5.00 per share, up from $4.50 per share.
The dividend raise comes after the bank passed the Federal Reserve's annual stress test with flying colors. Goldman Sachs, like many other large banks, has been in the cycle of raising its dividend in the third quarter, after the annual stress test results come out. This will mark the 15th consecutive year that Goldman Sachs has raised its dividend.
The stress test results, designed to measure a large bank's capital strength in the event of a major recession or economic shock, showed that Goldman Sachs has more than adequate capital to navigate a downturn. Its score came in above the median common equity tier 1 capital ratio among the 32 banks in the severely adverse test scenario the Fed presented.
Image source: Getty Images.
"Today's announcement reflects the continued strength of our earnings and capital position, and our commitment to delivering sustainable, long-term returns to shareholders," Goldman Sachs Chairman and CEO David Solomon said. "Our planned dividend increase reflects the strength of our franchise, our earnings power, and our confidence in our ability to support clients, invest for the long term, and deliver sustainable returns to shareholders."
Blowout year for M&A Goldman Sachs has been having an excellent year in 2026, with its stock price up about 16.5% year to date. Goldman Sachs has been fueled by a robust mergers and acquisitions (M&A) market. The first quarter was among the best ever, with some $1.2 trillion in deals, up 26% year over year.
Among the major investment banks, Goldman Sachs derives a higher percentage of its revenue from investment banking and M&A than its chief competitors, so when M&A is hot, Goldman Sachs stock will typically see bigger gains. When M&A cools, it would likely go the other way, leading to a larger drawdown for Goldman Sachs.
In the first quarter, Goldman Sachs saw revenue increase 14% year over year, driven by investment banking, which posted a 48% increase.
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Goldman Sachs reports second-quarter earnings on July 14, and they could be big. The M&A market has remained hot, highlighted by the massive IPO of Space Exploration Technologies, for which Goldman Sachs is the lead underwriter. According to a Marketwatch report, it could be one of the biggest underwriting payouts for an investment bank ever. Goldman Sachs could earn $100 million in fees from the SpaceX deal alone, according to a CNBC report.
Goldman Sachs and Morgan Stanley have been tapped as the lead underwriters for the upcoming OpenAI and Anthropic IPOs, which will also be massive when they hit over the next 12 months.
With the M&A market expected to have its best year since 2021 in 2026, Goldman Sachs stock looks like a great buy right now, trading at 18 times forward earnings.
JPMorgan Chase oznámila nový program odkupu akcií za 50 miliard USD a zvýšila čtvrtletní dividendu o 10 % na 1,65 USD na akcii. Goldman Sachs po zátěžovém testu Fedu také zvýšila dividendu o 11 % na 5 USD.
JPMorgan Chase on Wednesday unveiled a new $50 billion share repurchase program and raised its quarterly dividend after the Federal Reserve found the industry remained well capitalized under its annual stress test.
The biggest U.S. bank by assets said it will increase its quarterly dividend 10% to $1.65 per share, subject to board approval, and authorized the buyback program effective July 1.
"The Board's intended dividend increase is supported by our consistent investment in our business and strong financial performance," JPMorgan CEO Jamie Dimon said in a statement. "As always, we are prepared for a wide range of scenarios, including the hypothetical 2026 supervisory severely adverse scenario."
Goldman Sachs likewise increased its quarterly payouts, saying that its dividend will rise 11% to $5 per share, citing the firm's strong earnings and capital position.
Wells Fargo said it expects to raise its dividend by 11% to 50 cents per share, while Morgan Stanley boosted its payout 15% to $1.15 per share, while also reauthorizing a $20 billion buyback program.
Bank of America CEO Brian Moynihan said in a statement that the bank will make an announcement on the firm's dividend next month.
The announcements followed the release of the Federal Reserve's annual stress test, which found that all 32 large banks remained above their minimum capital requirements even after a hypothetical recession generating more than $708 billion in projected losses across the industry.
Unlike in previous years, however, the results will not affect banks' capital requirements. The Fed said earlier this year it would keep stress capital buffers unchanged through 2027 while it overhauls the testing methodology, meaning banks entered Wednesday with a clear understanding of their capital requirements.
While analysts had expected the exercise to have little immediate impact, in a sign of confidence, banks opted to proceed with payout increases, despite the regulatory limbo.
In a note ahead of the results, KBW described this year's stress test as "going through the motions," arguing that investors are more focused on the pending Basel III Endgame proposal expected later this year than on the Fed's annual exercise.
This story is developing. Please check back for updates.
Goldman Sachs letos zatím poradil na více než 1 bilionu USD v oznámených transakcích fúzí a akvizic, což je rekordní tempo. Silnější aktivita už zvedla příjmy z investičního bankovnictví o 48 % meziročně v 1. čtvrtletí 2026.
Key Takeaways Goldman has advised on a record more than $1 trillion worth of M&A deals so far in 2026.Many announced deals are likely to close in 2H 2026, supporting Goldman's advisory fee growth.Goldman's IB fees rose 48% year over year in Q1'26, driven by stronger advisory activity. The Goldman Sachs Group Inc.’s (GS - Free Report) investment banking (IB) business is regaining momentum as global dealmaking activity continues to recover.
According to Dealogic data, Goldman has advised more than $1-trillion worth of announced mergers and acquisitions (M&A) so far in 2026, marking a record pace for any investment bank within a half-year period. This represents a 71% increase from the comparable period in 2025, underscoring the sharp rebound in corporate transaction activity after several years of subdued dealmaking.
Global M&A activity reached $2.73 trillion so far this year, up 38% year over year, with Goldman advising on deals representing more than 40% of the total announced transaction value. JPMorgan (JPM - Free Report) and Morgan Stanley (MS - Free Report) ranked second and third, respectively JPMorgan advised on $687.5 billion of transactions, whereas Morgan Stanley followed with $575.9 billion of deals.
Global M&A Advisor Ranking
Image Source: Dealogic
Last month, at the Bernstein Strategic Decisions Conference, Goldman indicated that it expects global M&A volume in 2026 to exceed the 2021 record and reach $3.8 trillion. The optimistic outlook reflects improving corporate confidence, easing financing conditions and renewed boardroom appetite for strategic growth. A broader return of private equity activity could provide an additional boost, as sponsors look to deploy capital, pursue portfolio exits and monetize assets after a slower transaction environment.
Stronger Fee Pipeline for GoldmanGS’s large M&A advisory pipeline is particularly important because investment banks typically earn advisory fees when transactions close. While fee rates vary based on deal size, complexity and client relationships, large-scale transactions can generate significant advisory revenues. Therefore, the firm’s more than $1 trillion in announced advised M&A volume provides a visible pipeline of potential fee income over the coming quarters. This commanding lead is translating directly into higher advisory revenues.
The timing of fee realization is important. Announced deal volume does not translate immediately to revenues, as advisory fees are generally recognized upon deal completion. However, with many of Goldman’s advised transactions expected to close during the second half of 2026, the current pipeline offers meaningful visibility into future investment banking revenues. This could help sustain advisory fee growth even if the pace of new deal announcements moderates later in the year.
The recovery is already visible in Goldman’s recent results. In the first quarter of 2026, advisory revenues rose 89% year over year on higher completed M&A volumes, supporting investment banking fee growth of 48%. If the current announced-deal pipeline converts into completed transactions, advisory revenues could remain a meaningful growth driver through the remainder of 2026, supporting profitability and top-line growth.
Goldman’s Price Performance & Zacks RankGS shares have gained 71.7% in a year compared with the industry growth of 32.7%.
Price Performance
Image Source: Zacks Investment Research
Goldman currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
