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.
Featured Stories Five stocks we like better than The Goldman Sachs Group The AI Boom Is Turning This Cable Maker Into a Stock to Watch A Star Investor Just Trimmed Amazon—Here’s What It means Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look Home Depot Analysts See a Path to $375 and Beyond 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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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.
Recommended Stories Five stocks we like better than The Goldman Sachs Group The AI Boom Is Turning This Cable Maker Into a Stock to Watch A Star Investor Just Trimmed Amazon—Here’s What It means Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look Home Depot Analysts See a Path to $375 and Beyond
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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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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
Our Standards: The Thomson Reuters Trust Principles., opens new tab
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.
Goldman Sachs čeká, že tržby z obchodování s akciemi zůstanou ve 2. čtvrtletí nad 5 miliardami USD po rekordním 1. čtvrtletí. Podporuje to volatilita trhu a silná aktivita institucionálních klientů.
Key Takeaways Goldman's equities trading revenues are projected to stay above $5B in Q2'26 after a record Q1.GS is benefiting from market volatility, institutional activity and stronger capital market trends.Goldman expects trading momentum, improving M&A pipeline and capital markets to support Q2 results. The Goldman Sachs Group, Inc. (GS - Free Report) appears well-positioned to deliver another solid quarter, with its equities trading business continuing to benefit from elevated market volatility and strong institutional client activity. According to a Seeking Alpha report published on MSN, following the strong first quarter, current trends indicate that equities trading revenues will likely remain above the $5-billion mark in the second quarter of 2026, reinforcing the strength of the company’s core Global Banking & Markets business.
Goldman entered 2026 with significant strength in its Global Banking & Markets segment. In the first quarter, equities trading revenues jumped 27% year over year to a record $5.33 billion. The rise was driven by heightened market volatility, which accelerated client demand for hedging strategies, portfolio repositioning, prime brokerage services and equities financing. Unlike more cyclical businesses, trading operations benefit directly from increased market activity, allowing Goldman to capitalize on higher client volumes across institutional segments.
The exceptional performance in equities trading was the primary contributor to the 19% year-over-year increase in Global Banking & Markets revenues, which reached $12.74 billion in the first quarter. Importantly, market conditions that supported this performance have largely persisted into the second quarter. Institutional investors have been active amid macroeconomic uncertainty, while AI-related investment themes continue to generate strong trading volumes, particularly across Asian markets, where hedge fund participation has been elevated.
A second consecutive quarter with equities trading revenues above $5 billion would be notable, given the business's operating leverage. Increased client activity typically drives revenue growth without a corresponding rise in expenses, supporting margin expansion and earnings growth.
Overall, Goldman is benefiting from multiple growth drivers, including sustained trading momentum, improving capital market activity and a strengthening M&A pipeline. These trends are expected to support revenue growth, enhance profitability and reinforce the firm's earnings outlook, positioning second-quarter 2026 to be another strong quarter for the company.
Major Banks See Rebound in IB & Markets ActivitiesSimilar to Goldman, JPMorgan (JPM - Free Report) and Wells Fargo (WFC - Free Report) expect their investment banking (IB) and trading businesses to perform well in the second quarter of 2026, driven by improving deal pipelines and stronger capital market activity.
JPMorgan indicated that second-quarter IB fees could rise 10% or more year over year. JPMorgan noted that its markets business is also on track to grow 11% in the second quarter and could perform "a little better" than that forecast.
Wells Fargo’s IB and trading revenues are projected to increase year over year in the mid-teen percentage range in the second quarter of 2026. Wells Fargo expects wealth management revenues to grow year over year in the low-double-digit percentage range.
Goldman’s Price Performance & Zacks RankGS shares have surged 63.4% in the past year compared with the industry’s growth of 29.2%.
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.
