Track market-moving stories before they get noisy

Goldman Sachs (GS.N) said on Tuesday it has opened a ​new office in Bellevue, Washington, to serve ‌as a dedicated engineering location for more than 125 employees focused ​on AI and cloud transformation.

Corporate ​America has stepped up investments ⁠in AI as the fast-growing ​technology promises to transform business ​operations and boost productivity.

"The Pacific Northwest is home to many of the world’s ​top engineering schools and a ​deep pool of talent," Goldman CEO David ‌Solomon ⁠said in a statement. "Hiring exceptional talent is central to how we adapt and grow."

The Wall ​Street giant ​employs ⁠more than 12,000 engineers, representing roughly one-quarter of ​its global workforce, who ​play ⁠a critical role in developing the technologies that power its businesses, ⁠it ​said.

Goldman Sachs Group Inc. (GS, Financials) predicts a scenario where oil may hit as high as $120 a barrel. And the crucial word is could.

The bank is not making $120 its base-case prediction. The concern is that attacks on Middle East shipping could escalate to the point of disrupting energy deliveries. That would mean a lot outside oil businesses.

Fuel and transportation costs increase when crude prices are higher. Airlines know that. Consumers notice it at the pump. Higher transportation costs for firms.

And if such rises flow into inflation, central banks have another difficulty to tackle. This is why the $120 figure is important.

When the physical supply remains flowing, oil markets can take geopolitical headlines without too much permanent damage. Another thing would be a severe disruption to shipping.

Now, energy investors will be considering both the oil flows and the security conditions in the region.

The next big move in crude may depend less on Wall Street's expectations than on whether those shipping routes stay available.

Check the Warning Signs for

GS

now!

Kevin Hassett says the economy is roaring without sparking inflation, but former Fed officials, record gas prices, and skeptical analysts are lining up to challenge that claim before the next rate decision.

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In a September 4 Bloomberg interview, National Economic Council Director Kevin Hassett argued that the U.S. economy is expanding quickly without generating inflation. This suggests that factory investment and AI-driven productivity could let the economy expand rapidly without forcing the Federal Reserve to raise interest rates due to inflation. Currently, the market is anticipating 60% odds of an interest rate hike.

5% Growth Without an Inflation Spike Hassett cited falling inflation numbers: “If you look at the last three months, CPI, the core consumer price index at an annual rate, is only at 1.6%. So we think that while there’s a strong growth effect going on, it’s not inflationary,“ he said. On labor markets: “90,000 people that have jobs now building factories, they’re feeling the benefit. The people that are seeing their salaries go up so far this year, at 4%, they’re feeling the benefit.”

On what he thinks the Fed is going to do: “We respect the independence of the Fed. But I think that it’s been underreported, something that Chairman Warsh has been saying and emphasizing, and just did again at Jackson Hole, that growth doesn’t require the Fed to raise rates. It’s inflation that they need to really keep their eye on.“

Why Faster Supply Growth Might Not Mean Higher Inflation Hassett’s core claim is that growing the supply-side of the economy can drive economic growth without inflation: “If the growth comes from a big positive supply side, and effects like we’re building factories, we’ve got AI making everybody more productive, then that growth could happen without creating inflation.“

Prices rise when demand outruns productive capacity. If capacity expands with demand, output can grow without pushing prices higher. However, it takes time to build new supply. New factories take years to build and ramp, which means productivity gains from AI could take longer than expected. Demand from tax, tariff, and spending policies can arrive before new capacity comes online, creating inflationary pressure in that gap.

Not Everyone Is Buying the Low-Inflation Argument On August 28, 2026, former Fed Vice Chair Roger Ferguson told CNBC that inflation has missed the Fed’s 2% target for roughly five years, described core CPI as running around 2.5% or higher, and expects two rate hikes. Treasury Secretary Scott Bessent, in an August 31, 2026 CNBC appearance, said core inflation remains restrained, aligning with Hassett.

Additionally, year-over-year wage growth slowed to its slowest pace in five years, and about one-third of jobs added were in lower-wage food and restaurant service work. Analyst Elizabeth Pancotti argued tariffs and geopolitical tensions are inflationary drivers keeping the Fed cautious. Energy remains volatile: gasoline averaged $4.15 per gallon on September 4, the highest for September on record, with diesel at an all-time high. Weekly Energy Information Administration data show the national regular-gas average at $4.07 per gallon on August 31, 2026.

AI Is the Wild Card in Hassett’s Growth Forecast On August 31, 2026, Goldman Sachs (NYSE:GS | GS Price Prediction) CEO David Solomon said AI offers an opportunity to run at a higher growth rate over 5 to 10 years.

Elon Musk put AI’s eventual boost to the global economy at roughly 20% to 30%.

Others, like Roger Altman, have cautioned that no one yet knows whether AI spending earns satisfactory returns. On August 31, 2026, JonesTrading’s Mike O’Rourke warned that debt-financed AI buildouts have made those companies rate-sensitive, tying these stocks even more closely to interest rate decisions.

Key Takeaways If factories, investment, and AI expand the economy’s capacity fast enough, stronger economic growth doesn’t necessarily have to produce stronger inflation.

The next inflation reports will test that thesis. If inflation numbers are low, there’s a path to holding or cutting interest rates.

Contact [email protected] for any questions or corrections.

Po sérii výrazných zisků na akciových trzích by investoři teď měli počítat s umírněnějším obdobím. Zatímco uplynulých dvanáct měsíců přineslo na většině světových burz nadprůměrné výnosy, tak další růst by měl být pomalejší a méně dynamický. Tvrdí to alespoň hlavní globální akciový stratég Goldman Sachs Peter Oppenheimer.

„Měli bychom uznat, že S&P 500 a vlastně i další akciové trhy po celém světě zaznamenaly za poslední rok a od začátku toho letošního fenomenální výnos. Máme už za sebou spoustu dobrých výsledků. Teď bychom měli očekávat nižší výnosy,“ řekl Oppenheimer v rozhovoru pro server Yahoo Finance.

Stratég má na Wall Street nemálo fanoušků díky mnoha předpovědím na vývoj akcií v průběhu let. Třeba letos začátkem března se na trhy díval opatrně, načež akcie koncem stejného měsíce dosáhly svých letošních minim.

Širší americký index S&P 500 od začátku roku posílil přibližně o 12 procent, což vytváří náročnou základnu pro další posun vzhůru. „Ve většině případů mluvíme o středně až vysokých jednociferných (procentech) výnosech během příštích 12 měsíců, což je nižší než v každém regionu za posledních 12 měsíců,“ dodal Oppenheimer s tím, že to je pořád relativně slušný výsledek, pokud bude ekonomický růst pokračovat.

Aktuálně je jedním z nejvýraznějších tlaků na akcie je růst výnosů státních dluhopisů. Na trzích pokračuje rozsáhlý výprodej vládních bondů, který posouvá výnosy na víceletá maxima. Výnos desetiletého amerického státního dluhopisu se nedávno dostal na nejvyšší hodnoty od roku 2023. Ještě výraznější situace panuje na dlouhém konci výnosové křivky, kde třicetileté americké výnosy atakují úrovně nevídané téměř dvě desetiletí.

Vyšší tržní sazby přitom představují problém nejen pro investory do dluhopisů. Výnosy státních obligací totiž slouží jako referenční sazba pro širokou škálu finančních produktů, promítají se do cen hypoték, firemního financování i spotřebitelských úvěrů. Růst výnosů proto může postupně zvyšovat tlak na ekonomickou aktivitu i na valuace akcií.

Pozornost investorů navíc přitahuje skutečnost, že podobný vývoj není omezen jen na Spojené státy. Výnos desetiletých japonských dluhopisů překonal hranici tří procent, což je úroveň nevídaná od poloviny 90. let. Ve Spojeném království se výnosy dostaly na maxima od období před globální finanční krizí a německé desetileté bondy se obchodují poblíž hodnot připomínajících vrchol evropské dluhové krize.

Další zdroj nejistoty vytváří trh s energiemi. Cena ropy se kvůli stále napjaté situací na Blízkém východě, respektive v Hormuzském průlivu opět dostala nad hranici 90 dolarů za barel. Dražší energie se následně promítají do nákladů v dopravě, průmyslu i zemědělství.

„Vyšší ceny ropy tlačí výnosy výš a vyšší výnosy vytváří tlak na akcie. Dokud se tato dynamika neuvolní (a v minulosti se to několikrát stalo, alespoň na chvíli), můžeme očekávat pokračující slabost trhu vedenou růstovými/cyklickými sektory,“ uvedl zakladatel společnosti Sevens Report Research Tom Essaye.

Goldman Sachs wants the Fed to hike again while Citi calls for three cuts starting in October, and the gap between those two forecasts could quietly drain hundreds of dollars a year from your savings account.

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On Bloomberg’s Insight with Haslinda Amin, Goldman Sachs (NYSE:GS | GS Price Prediction) Vice Chair Robert Kaplan said, “I would be going into the September meeting leaning into the thought of raising interest rates in the meeting.” Later, Citi (NYSE:C) head of Asia strategy Rohit Garg called for three Fed cuts starting in October, arguing the data does not support a hike.

Two respected firms are reading the same US economy in opposite directions. If Kaplan is right, cash keeps paying well, mortgage refinancing stays out of reach, and long bonds lose price value on the next hike. If Citi is right, the rates on savings accounts and one-year CDs are closing, and locking in longer duration now pays.

For a retiree or near-retiree, this matters. Your high-yield savings rate resets when the Fed moves, while a bond bought today keeps paying its promised rate for years. Wage growth is back to pre-pandemic levels, which reshapes how much real cushion any paycheck or private pension COLA provides.

Where Rates Sit and Why Both Sides Have Ammo The federal funds target sits at 3.75% and has held there through September 1. The Fed cut from 4.5% in September 2025 to the current level, then paused.

Core PCE, the Fed’s preferred inflation gauge, rose 0.2% in July 2026 from June. That fresh reading feeds Kaplan’s hawkish lean because the Fed’s target is 2% and this series is still drifting in the wrong direction.

US Treasury yields hit their highest levels since January 2025, and CNBC reported the September Fed decision has become a coin flip after hawkish comments from Kevin Warsh. Barclays (NYSE:BCS) now expects two more Fed hikes this year.

Citi sees the same picture differently. Garg’s team notes inflation is mixed and, more importantly, wage growth has cooled.

Kaplan’s Neutral Rate Argument, Translated Kaplan said the Fed is “probably 50 plus or minus basis points from neutral.” A basis point is one one-hundredth of a percentage point. Neutral is the policy rate that neither speeds up nor slows down the economy.

His logic: with inflation still above target, the Fed should be restrictive. If 3.75% is already near neutral, one more hike restores the gap the Fed wants until inflation cools.

The weakness in this view is that neutral is unobservable. Estimates range from roughly 2.5% to over 4%, depending on the model. The Fed also cut three times in late 2025 and has held flat all year. Reversing that within twelve months would require a real reacceleration in inflation, well beyond a 0.2% monthly bump in a single series.

Why the Wage Number Tilts It Toward Citi Garg said: “Wage inflation in the US is now back to pre-pandemic levels. If you have wage inflation actually softening, then how confident can you actually be that the supply side effects of inflation can actually sustain for longer?”

Average hourly earnings for private employment reached $37.62 in July 2026, up from $37.15 in January. The pace has slowed toward the roughly 3% annual trend that prevailed before 2020.

This matters because raises are unlikely to outrun prices by much from here. If you rely on part-time work, a private pension with a capped COLA, or a spouse’s paycheck, the buffer between income growth and cost of living is thinner than two years ago.

The Fed cares because softer wages mean softer services inflation, the sticky part that would otherwise justify holding rates high. Once wage growth normalizes, the case for cutting builds. My read is that Citi’s case is stronger. The Fed has spent a year moving in one direction, wage pressure is fading, and the July uptick in core PCE looks more like noise than a new trend. A cut by October is plausible.

So Should You Lock In Today’s Rates? Duration measures how sensitive a bond’s price is to changes in interest rates. Long duration bonds gain more when rates fall and lose more when rates rise.

The fair comparison is a high-yield savings account near 3.5% to 4% versus a two- to five-year CD or Treasury at similar or slightly higher yields. The savings rate resets down within days of a Fed cut. The CD or Treasury pays its stated rate until maturity.

If Citi is right and cuts begin in October, the savings account holder watches their yield fall through 2027 while the CD holder keeps collecting. If Kaplan is right and the Fed hikes once more, the CD holder gives up maybe 25 to 50 basis points of yield they could have earned by waiting.

For retirees or near-retirees holding more than 12 months of expenses in cash, a two- to five-year CD ladder or a short- to intermediate-term Treasury ladder is worth evaluating against a high-yield savings account (we made the broader case for an income-first approach over the classic withdrawal rule in a free guide here). Emergency cash generally stays liquid regardless. Twenty- and thirty-year durations carry price risk and offer limited extra yield for a retiree’s timeline.

The trade-off tilts toward considering some duration. Being wrong costs a little yield. Being right captures the last of the rates that made cash feel productive.

Contact [email protected] for any questions or corrections.

Twenty-one global financial institutions plan to launch a dollar-backed digital token in the first half of 2027. Summary

Twenty-one financial firms are backing the projectA dollar stablecoin is planned for early 2027

Goldman Sachs Group Inc.(GS, Financials) is teaming up with Bank of America and Citigroup on a significant push to integrate stablecoins deeper into traditional finance.

A consortium of 21 financial institutions is planning to form a new firm that will issue a U.S. dollar-pegged stablecoin in the first half of 2027.

Other members of the group include Wells Fargo, Deutsche Bank, UBS, Santander, Capital One and Fidelity Investments.

The project has expanded considerably from its initial announcement in October 2025, which involved only 10 banks.

Ultimately the group aims to introduce digital currencies connected to other G7 currencies, with a euro version among its goals. The move is a significant shift for Wall Street.

For the most part, stablecoins have been the domain of crypto natives like Tether and Circle. Banks now appear more interested in competing than they do in watching those startups create payment networks around them.

The reserve will back the planned token one-to-one and will run on public blockchains. This could make the project particularly useful for institutional transactions and cross-border payments.

The next test comes in 2027, when investors will see if a stablecoin backed by some of the world's biggest institutions will gain major acceptance.

Disclosures I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours.

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Three of Wall Street’s biggest banks are demanding lower fees from elite attorneys — arguing that artificial intelligence is sharply reducing the costs of gruntwork that used to require more billable hours.

Goldman Sachs, Morgan Stanley and Citigroup are pressing outside lawyers to cut costs as AI speeds up routine legal tasks including research, document review and contract analysis, according to the Financial Times.

“If the number of hours they’re working on a matter has come down because of AI . . . our expectation is for costs to come down significantly per transaction,” Adam Meshel, Citigroup’s global head of legal, told the FT.

Citigroup has begun asking law firms bidding for its business to disclose how much they are saving by using AI. OleksKao – stock.adobe.com The shift could take aim at a business model that has long helped make partners at top firms extraordinarily wealthy.

Big Law firms traditionally boost profits by billing clients by the hour for armies of junior associates. AI can now accomplish some of that work far more quickly, potentially leaving firms with fewer hours to bill.

Top lawyers have “for a long time been compensated on the foundation of [associates billing for long hours],” Morgan Stanley general counsel Eric Grossman told the FT. “Their compensation model is now extraordinarily unstable.”

The technology’s ability to speed up legal work could amount to “a fundamental altering of the revenue foundation for these mega firms,” Grossman added.

Morgan Stanley plans to put most of its outside legal work up for competitive bids and use alternatives to hourly billing by the end of the year. JHVEPhoto – stock.adobe.com Citi has begun asking law firms competing for its business to spell out how much they are saving by using AI, according to the report.

Meshel said a “different working model” would probably be in place within a year, adding that he wants the new arrangements developed collaboratively with the bank’s outside lawyers.

Morgan Stanley, meanwhile, plans to put most of its outside legal work out for competitive bids by the end of the year and use alternatives to hourly billing such as fixed fees, according to the report.

Morgan Stanley is still prepared to pay top dollar for the judgment and expertise of leading attorneys, according to Grossman.

He said firms could also preserve their profits by using AI to handle more matters while cutting their own costs, even as Morgan Stanley pays less.

Goldman Sachs has asked outside law firms how much more efficiently they can work because of AI and expects to share in the benefits. StockMarketVisuals – stock.adobe.com Goldman Sachs has likewise asked outside firms for information about how much more efficiently they can perform work with AI and expects to share in the benefits, the FT reported, citing people familiar with the matter.

Goldman declined to comment to the FT. The Post has sought comment from Goldman and Morgan Stanley. A Citi spokesperson declined comment when reached by The Post.

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Nearly half of large law firms surveyed this year by Citi’s law firms group said AI had already affected how they price their work.

So far, however, the disruption has been limited.

Shama Hyder, a professor of practice at the Link School of Business and creator of the Hyder Index, told The Post that the banks’ demands are feasible even if law firms cannot measure every minute saved by AI.

Artificial intelligence can speed up legal research, document review, contract analysis and discovery — putting pressure on Big Law’s traditional billing model. Kaikoro – stock.adobe.com “Firms may not be able to calculate every minute AI saves, but they can compare similar matters based on total hours, staffing, turnaround time and cost,” Hyder said.

“Major banks have enough purchasing power to demand those numbers and make them part of competitive bidding.”

Hyder said the technology could force a rethink of the billable-hour model because clients will resist paying the same amount for work that takes far less time.

“If work that once took twenty hours can now be completed in five, clients are not going to keep paying as though it still takes twenty,” she told The Post.

The rise of AI is setting up a battle over who benefits from the time and money the technology can save on legal work. kamiphotos – stock.adobe.com “Using AI to produce the same invoice faster is not going to satisfy clients.”

The pushback comes as legal bills from the nation’s largest firms have soared.

Big Law’s hourly charges have surged since 2023, with associate rates climbing 33% to an average $798 this year, according to Persuit data reported by the FT.

Partners have seen a 29% increase during that period.

Wall Street banks are particularly powerful customers for Big Law, relying on outside attorneys for work ranging from financing transactions and mergers and acquisitions to litigation and white-collar investigations.

Key Takeaways Goldman's IB fees jumped 52% to $6.24 billion in 1H26 on broad-based strength.Equity underwriting surged 90%, while advisory and debt underwriting rose 46% and 37%.Goldman's five-year-high backlog offers revenue visibility, though recovery could remain uneven. Investment banking (IB) activity at The Goldman Sachs Group, Inc. (GS - Free Report) gathered significant momentum in the first half of 2026, aided by improving dealmaking and capital market conditions. The company’s IB fees jumped 52% year over year to $6.24 billion, driven by broad-based strength across advisory and underwriting businesses in the first half of 2026.

The improvement was particularly pronounced in equity underwriting. In the first six months of 2026, advisory revenues increased 46% year over year to $2.87 billion, while equity underwriting revenues surged 90% to $1.52 billion. Debt underwriting revenues advanced 37% to $1.84 billion. In the second quarter alone, IB fees climbed 55% to $3.40 billion. Equity underwriting benefited from higher secondary and initial public offerings, while debt underwriting was supported by increased leveraged-finance and asset-backed activity. Advisory revenues gained from higher industry-wide completed M&A volumes. 

Goldman’s strong competitive position has further supported the momentum. In the second quarter, the company remained #1 in announced and completed M&A, equity and equity-related offerings, and leveraged lending, while ranking #2 in high-yield debt. This leadership underscores the strength of its global franchise and its ability to capture opportunities as corporate transaction activity improves. 

Further momentum in Goldman’s investment banking business will likely be supported by robust strategic M&A activity, AI-related capital formation, stronger financing demand, and improving equity and debt underwriting activity. The firm’s investment banking backlog has reached a five-year high, including a record advisory backlog, providing good revenue visibility. Its leading positions in announced and completed M&A, equity and equity-related offerings, and leveraged lending should also help it capture a greater share of improving capital-market activity.

Nonetheless, the pace of recovery could remain uneven. Deal completions and IPO activity are sensitive to market volatility, economic conditions, financing availability, trade-policy uncertainty, geopolitical developments and regulatory approvals. Overall, Goldman’s strong market position, improving capital market backdrop and elevated backlog suggest that IB momentum is likely to remain healthy, though the magnitude of growth will depend on how quickly the robust pipeline translates into completed transactions.

IB Business Performance of GS’s PeersSimilar to GS, its close peers, JPMorgan (JPM - Free Report) and Morgan Stanley (MS - Free Report) , are benefiting from industry-wide improvement in the operating environment.

JPMorgan remains well-positioned to benefit as capital markets and advisory activity normalize over time. In the first half of 2026, JPMorgan captured a 9.3% wallet share. Looking ahead, a healthy pipeline and resilient M&A demand (as companies seek scale, cost synergies and enhanced technology capabilities to remain competitive) are expected to support the IB business.

Morgan Stanley's IB franchise continues to recover as issuance and strategic activity improve. In the first half of 2026, IB fees jumped 47% year over year. Looking ahead, Morgan Stanley is well-positioned to benefit from a healthier deal environment, supported by a robust and diversified pipeline across regions and sectors.

Goldman’s Price Performance, Valuation, & EstimatesGS shares have jumped 40.3% in the past year compared with the industry’s growth of 22.5%. 

Price Performance

Image Source: Zacks Investment Research

From a valuation standpoint, Goldman trades at a forward price-to-earnings (P/E) ratio of 14.42X, above the industry’s average of 13.94X.

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 unchanged 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.

Here are three stocks with buy rank and strong income characteristics for investors to consider today, September 1:                     

TXO Partners, L.P. (TXO - Free Report) : This oil and natural gas company witnessed the Zacks Consensus Estimate for its current year earnings increasing 190% the last 60 days.

This Zacks Rank #1 company has a dividend yield of 11%, compared with the industry average of 8.6%.

Farmers & Merchants Bancorp, Inc. (FMAO - Free Report) : This bank holding company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 7.8% the last 60 days.

This Zacks Rank #1 company has a dividend yield of 2.7%, compared with the industry average of 2.2%.

The Goldman Sachs Group, Inc. (GS - Free Report) : This financial services company has witnessed the Zacks Consensus Estimate for its next year earnings increasing 14.5% in the last 60 days.

This Zacks Rank #1 company has a dividend yield of 1.7%, compared with the industry average of 1.1%.

See the full list of top ranked stocks here.

Find more top income stocks with some of our great premium screens.

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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Key Takeaways Goldman is favored for stronger earnings momentum, business quality and growth visibility.Citigroup's restructuring and cost cuts offer upside, but returns depend more on execution.Goldman is investing in AI, wealth management and private markets to support durable fee revenues. The Goldman Sachs Group, Inc. (GS - Free Report) and Citigroup, Inc. (C - Free Report) have long been pillars of the Wall Street heavyweights. Goldman is sharpening its focus on high-margin businesses, such as investment banking, trading and wealth management, while Citigroup is executing a sweeping restructuring aimed at simplifying its global footprint and improving profitability.

With interest rates, capital markets activity and economic conditions continuing to shape the banking landscape, investors are asking a key question: which stock offers the stronger opportunity for now? Let us take a closer look and evaluate the potential of each bank.

The Case for GSGoldman has long maintained a leading position in mergers and acquisitions, trading, and capital markets. Under CEO David Solomon, the company has undertaken a deliberate transformation to exit non-core consumer banking operations and concentrate resources on businesses wherein it holds clear competitive advantages, particularly investment banking (IB), trading, and asset and wealth management (AWM).

Goldman has also been actively reshaping its portfolio through targeted acquisitions and divestitures. This month, GS entered an agreement to acquire LCN Capital Partners, which will strengthen its AWM business by adding a specialized platform focused on sale-leaseback, build-to-suit and triple-net-lease investments. The company has also agreed to acquire NEOS Investments, further expanding its presence in options-based ETFs.

In April 2026, Goldman acquired Innovator Capital Management, enhancing its active ETF capabilities and supporting its broader strategy of building durable, fee-based revenues through diversified asset and wealth management offerings. During the same month, it completed the divestiture of its Polish asset management business, Goldman Sachs TFI, to ING Bank Slaski, further streamlining its operations. Collectively, these initiatives align with Goldman’s multi-year strategy to focus on institutional and wealth-led businesses, expand recurring fee revenues and reduce earnings volatility associated with non-core activities.

Artificial intelligence (AI) is emerging as another important driver of efficiency and growth for Goldman. The firm is deploying AI across trading, investment banking, asset management and internal operations to enhance productivity, improve client service and generate greater operating leverage. Over time, these investments could strengthen Goldman’s data-driven capabilities, improve margins and support growth in higher-fee businesses.

GS is also expanding aggressively in private markets. Its Asset Management unit aims to increase private credit assets to $300 billion by 2029 while broadening its presence across Europe, the U.K. and Asia. Together, these initiatives should strengthen Goldman’s alternative asset management franchise, diversify fee-based revenues and enhance the durability of its long-term earnings.

The Case for CCitigroup, by contrast, is far more sweeping. Under CEO Jane Fraser, the company is advancing its multi-year strategy to streamline operations and focus on its core businesses. Since announcing plans in April 2021 to exit consumer banking in 14 markets across Asia and EMEA, the company has completed exits in nine countries. 

Citigroup has moved closer to completing its multi-year exit from non-core international consumer banking. The sale of the Polish consumer business in June 2026 marked the final international consumer divestiture apart from remaining wind-downs of Banamex. The company also sold an additional 22.6% stake in Banamex in the second quarter after selling 25% in late 2025. The remaining Banamex deconsolidation and IPO are planned for early 2027, with management expecting the transaction to free up $5 billion in capital. These efforts are designed to free resources for faster-growing businesses, such as wealth management and investment banking. C expects revenues to see a 4-5% compound annual growth rate through 2026 and is targeting a 10-11% return on tangible common equity.

Cost-cutting remains another major pillar of Citigroup’s growth strategy. As part of its restructuring program, the company remains on track to eliminate 20,000 positions by the end of 2026. Its total headcount declined to 219,000 as of June 30, 2026, from 230,000 a year earlier. In the first half of 2026, the bank incurred more than $800 million in severance costs, reflecting upfront investments to achieve sustainable operating efficiencies.

Beyond workforce optimization, management is driving efficiency through process simplification, platform consolidation and increased automation, reducing manual touchpoints across operations. At the same time, the company continues to invest in technology and artificial intelligence to strengthen operational resilience, improve productivity and support revenue growth. To accelerate these initiatives, Citigroup plans to invest an incremental $5 billion between 2026 and 2028, with spending focused on technology modernization, marketing, front-office talent and branch renovations. Driven by such initiatives, C expects to generate $2-$2.5 billion in annualized cost savings by 2026. The company targets a full-year efficiency ratio of 60%.

Citigroup is also expanding deeper into private markets and alternative investments through partnerships with major asset managers. In recent years, the bank has launched private credit and customized portfolio initiatives with BlackRock, Carlyle Group and Apollo Global Management to diversify revenue streams and strengthen client engagement.

GS & C: Price Performance, Valuation & Other ComparisonsOver the past year, shares of Goldman and Citigroup have risen 38.4% and 37.6%, respectively, compared with the industry’s growth of 22%.

Price Performance

Image Source: Zacks Investment Research

In terms of valuation, Goldman is currently trading at a 12-month forward price-to-earnings (P/E) of 14.58X. Meanwhile, Citigroup’s stock is trading at a 12-month forward P/E of 10.68X.

Price-to-Earnings F12M

Image Source: Zacks Investment Research

C is trading at a discount compared with the industry average of 13.97X. However, the GS stock is trading at a premium.

C and GS reward their shareholders handsomely.  Following the Federal Reserve’s 2026 stress test, GS increased its quarterly common stock dividend by 11% to $5 per share beginning in the third quarter of 2026. Similarly, Citigroup announced a 12% quarterly dividend increase beginning in the third quarter, subject to board approval.  

Including dividends, C’s total return over the past five years has been 115.6% compared with Goldman’s average of 183.6%

Total Return Performance

Image Source: Zacks Investment Research

How Do Estimates Compare for GS & C?The Zacks Consensus Estimate for GS’s 2026 and 2027 earnings indicates increases of 34.2% and 4.9%, respectively. Over the past month, earnings estimates for both years have been revised upward.

Estimate Revision Trend

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for C’s 2026 and 2027 earnings indicates 40.5% and 15.5% growth, respectively. Over the past month, the earnings estimate for 2026 has been unchanged, while that for 2027 has been revised upward.

Estimate Revision Trend

Image Source: Zacks Investment Research

GS or C: Which Stock Offers the Stronger Investment CaseBoth Goldman and Citigroup have favorable growth catalysts, but the risk-reward profile currently tilts more convincingly toward Goldman. This is also consistent with their Zacks rankings, with Goldman sporting a Zacks Rank #1 (Strong Buy) compared with Citigroup’s Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The key differentiator is earnings visibility. Goldman is benefiting from stronger estimate revisions for both 2026 and 2027, reflecting improving expectations for investment banking, trading and asset and wealth management. Its strategic shift toward fee-generating businesses, particularly alternatives and wealth management, should also make its revenue mix more durable over time. At the same time, investments in AI and technology could support productivity gains and operating leverage as revenues expand.

Citigroup offers a different investment case. Its restructuring, cost reductions and relatively inexpensive valuation create meaningful upside potential if management delivers on its profitability targets. However, a larger portion of that upside remains dependent on successful execution of its transformation, including expense discipline, business simplification and improved returns. This makes Citigroup’s earnings trajectory comparatively more execution-sensitive.

Valuation is the principal argument in Citigroup’s favor, as Goldman commands a higher multiple. Yet the premium appears warranted, given GS’ stronger franchise positioning, better earnings momentum and more visible growth drivers. In contrast, Citigroup’s valuation discount partly reflects the uncertainty surrounding the timing and magnitude of returns from its restructuring.

Thus, while Citigroup remains an attractive turnaround story, Goldman offers a stronger combination of earnings momentum, business quality and growth visibility. Hence, GS stock appears a better investment option for now.

Goldman Sachs (GS - Free Report) ended the recent trading session at $1,058.88, demonstrating a +2.18% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.32%. Meanwhile, the Dow experienced a rise of 0.3%, and the technology-dominated Nasdaq saw an increase of 0.66%.

The investment bank's stock has dropped by 1.14% in the past month, falling short of the Finance sector's gain of 1.81% and the S&P 500's gain of 3.34%.

The investment community will be paying close attention to the earnings performance of Goldman Sachs in its upcoming release. In that report, analysts expect Goldman Sachs to post earnings of $15.62 per share. This would mark year-over-year growth of 27.51%. Alongside, our most recent consensus estimate is anticipating revenue of $17.04 billion, indicating a 12.19% upward movement from the same quarter last year.

For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $68.89 per share and a revenue of $70.57 billion, representing changes of +34.24% and +21.09%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Goldman Sachs. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. Goldman Sachs is holding a Zacks Rank of #1 (Strong Buy) right now.

From a valuation perspective, Goldman Sachs is currently exchanging hands at a Forward P/E ratio of 15.04. For comparison, its industry has an average Forward P/E of 14.65, which means Goldman Sachs is trading at a premium to the group.

One should further note that GS currently holds a PEG ratio of 1.05. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Financial - Investment Bank industry currently had an average PEG ratio of 1.02 as of yesterday's close.

The Financial - Investment Bank industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 34, placing it within the top 14% of over 250 industries.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Bamco Inc. NY bought 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 disclosure with the Securities & Exchange Commission. The institutional investor bought 800 shares of the investment management company’s stock, valued at approximately $809,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of GS. Turim 21 Investimentos Ltda. bought a new stake in The Goldman Sachs Group during the 1st quarter valued at about $25,000. BOK Financial Private Wealth Inc. grew its stake in The Goldman Sachs Group by 188.9% in the 2nd quarter. BOK Financial Private Wealth Inc. now owns 26 shares of the investment management company’s stock worth $26,000 after acquiring an additional 17 shares in the last quarter. Garton & Associates Financial Advisors LLC purchased a new position in shares of The Goldman Sachs Group during the fourth quarter worth approximately $26,000. Manning & Napier Advisors LLC increased its position 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 worth $27,000 after acquiring an additional 23 shares during the period. Finally, Steph & Co. bought a new stake in shares of The Goldman Sachs Group during the first quarter valued at approximately $27,000. 71.21% of the stock is currently owned by hedge funds and other institutional investors.

More The Goldman Sachs Group News Here are the key news stories impacting The Goldman Sachs Group this week:

Positive Sentiment: Goldman Sachs’ latest quarterly results provide a strong fundamental backdrop: earnings per share reached $20.98, well above the $14.47 consensus estimate, while revenue rose 39.4% year over year to $20.34 billion. The firm also reported a 19.16% return on equity, reinforcing confidence in profitability and earnings momentum. Positive Sentiment: The bank continues to broaden its capital-markets and investment-management footprint through fixed-income issuance, ETFs, mutual funds, alternative investments and retail products. Goldman’s planned acquisition of NEOS is especially notable because the ETF firm recently posted 223.3% organic growth, potentially strengthening Goldman’s fee-based asset-management business. How Goldman Sachs’ Expanding Capital Markets Role and New Bond Issuances Could Reframe the GS Narrative Positive Sentiment: Goldman’s research activity remains supportive of market-related businesses: the firm raised its Nvidia price target after another strong report, which could benefit Goldman’s trading, investment-banking and technology-sector franchise if AI investment remains strong. Its investment in AI-video startup Higgsfield also provides exposure to emerging technology growth. Nvidia stock is climbing after another set of blockbuster results Neutral Sentiment: Goldman expects the Federal Reserve not to raise interest rates in September and argues that Treasury buybacks are unlikely to materially reduce long-term borrowing costs. These views may affect bond-market activity and client positioning, but their direct impact on GS earnings is uncertain. Goldman Says No September Hike Neutral Sentiment: Goldman executives warned that excessive reliance on artificial intelligence could weaken junior bankers’ analytical development. The comments highlight long-term workforce and execution risks, although they do not indicate an immediate financial impact. Goldman Sachs exec says AI is eroding bankers’ ability to think Negative Sentiment: Reports that the SEC subpoenaed Goldman Sachs and other major banks over margin lending to hedge fund Situational Awareness put leverage, collateral and risk-management practices back under scrutiny. The fund reportedly suffered a 67% drawdown during an AI-stock sell-off, creating potential regulatory, legal and reputational risks for GS. SEC Probe Puts Wall Street Leverage Risk Back in Focus Wall Street Analysts Forecast Growth Several brokerages recently issued reports on GS. Citigroup increased 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 note on Thursday, July 16th. Wells Fargo & Company upped their target price on The Goldman Sachs Group from $1,195.00 to $1,325.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Dbs Bank boosted their price objective on The Goldman Sachs Group from $890.00 to $1,050.00 in a report on Thursday, May 7th. HSBC upgraded The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, August 5th. Finally, CICC Research lifted their price target on The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Two investment 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 a consensus target price of $1,062.86. Check Out Our Latest Research Report on The Goldman Sachs Group

The Goldman Sachs Group Stock Performance GS opened at $1,040.49 on Friday. The firm’s fifty day simple moving average is $1,050.20 and its two-hundred day simple moving average is $968.10. The Goldman Sachs Group, Inc. has a 52-week low of $721.16 and a 52-week high of $1,153.99. The company has a market cap of $302.96 billion, a price-to-earnings ratio of 16.06, a PEG ratio of 1.05 and a beta of 1.30. 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 Goldman Sachs Group (NYSE:GS – Get Free Report) last released its earnings results 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 business had revenue of $20.34 billion for the quarter, compared to the consensus estimate of $16.22 billion. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%.The business’s quarterly revenue was up 39.4% compared to the same quarter last year. During the same quarter last year, the business posted $10.91 earnings per share. Equities analysts anticipate 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 issued a $5.00 dividend. This represents a $20.00 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Tuesday, September 1st. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s payout ratio is 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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Goldman Sachs (GS - Free Report) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.

Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.

Therefore, the Zacks rating upgrade for Goldman basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.

Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.

For Goldman, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate RevisionsAs empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.

The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>> .

Earnings Estimate Revisions for GoldmanFor the fiscal year ending December 2026, this investment bank is expected to earn $68.89 per share, which is unchanged compared with the year-ago reported number.

Analysts have been steadily raising their estimates for Goldman. Over the past three months, the Zacks Consensus Estimate for the company has increased 16.6%.

Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of "buy" and "sell" ratings for its entire universe of more than 4,000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a "Strong Buy" rating and the next 15% get a "Buy" rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.

You can learn more about the Zacks Rank here >>>

The upgrade of Goldman to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.

A Goldman Sachs partner leading one of the bank's flagship artificial intelligence projects warned that AI's spread across Wall Street risks hobbling the thinking capabilities of the next generation of financiers.

"There's a huge danger here that in the era of AI, we outsource our reasoning to these models, and we have cognitive atrophy that stops us being able to reason from first principles ourselves," said Chris Churchman, who leads Goldman's digital platform for institutional clients called Marquee.

The comments came during the latest episode of the firm's "Exchanges" podcast, according to a transcript provided exclusively to CNBC.

Just as people lost navigation and memorization skills with modern inventions, bankers risk losing analytical abilities if algorithms handle all the heavy lifting, Churchman said.

"Reasoning is still important," he said. "You still need to reason about [problems] and structure it into an argument, and now we're delegating reasoning."

Wall Street's push to enmesh AI into all of its trading and banking processes could be a kind of devil's bargain: It will make the industry more profitable today while potentially eroding the talent it needs for tomorrow. With AI taking over more of the routine work that has traditionally taught young bankers and traders how to think and make decisions, firms risk sacrificing the culture that turns junior employees into seasoned Wall Street talent.

It could even reduce the need for junior bankers in the first place. Last year, CNBC reported that Wall Street firms were examining ways of using AI to lower the ratio of junior bankers to senior employees.

Banks need to find a balance between using AI and preserving Wall Street's apprenticeship culture, said Churchman, who ran currency trading at UBS before joining Goldman in 2021.

"You learn by doing, and a lot of knowledge is tacit, it was never written down," he said.

Goldman needs "to make sure we don't lose that tacit and intuitive knowledge that some of our best people have today [and] to ensure the next generation have it too," Churchman said.

For instance, junior traders learn by fielding client pricing requests under supervision of experienced risk takers, Churchman said.

"We can absolutely automate that," he said, "but then do we get the senior traders that fully understand?"

Systems must be designed so that employees still call the shots in high-stakes, high-uncertainty decisions rather than becoming passive operators, Churchman said.

Even Goldman, one of the world's top investment banks, hasn't yet "figured out" how it will manage the transition the company has begun, said Churchman, who is also co-chair of the firm's Global Banking and Markets AI working group.

Error-free?Also in the podcast interview, Churchman shared lessons from implementing AI into Marquee, which is used by hedge funds and other institutional clients to access Goldman's market data, research, risk analytics and trade execution services.

The Marquee AI platform is only available to Goldman employees for now, he said.

The toughest challenge, from a technical standpoint, is in ensuring that AI answers are 100% factual and can be audited, he said. While consumer AI chatbots warn users of possible mistakes, in high finance, the tolerance for errors is low.

Churchman said that in developing the firm's AI platform for clients, the software made a startling admission.

"When we challenged it hard, at least it was honest," Churchman said. "It was like, 'Look, in the end, I'm better at sounding thorough than being thorough.'"

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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Nscale is targeting up to $3B in a potential U.S. IPO as soon as September, highlighting investor appetite for AI data-center companies and supported by approximately $51B in contracted revenue, Bloomberg's Bailey Lipschultz reports. The London-based company is working with Goldman Sachs (GS) and JPMorgan (JPM) on a potential IPO which could take place as soon as September, according to the report.

Baxter Bros Inc. purchased a new stake 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 & Exchange Commission. The firm purchased 14,177 shares of the investment management company’s stock, valued at approximately $14,338,000. The Goldman Sachs Group makes up about 1.7% of Baxter Bros Inc.’s investment portfolio, making the stock its 20th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in GS. Turim 21 Investimentos Ltda. acquired a new position in The Goldman Sachs Group in the 1st quarter valued at approximately $25,000. Garton & Associates Financial Advisors LLC acquired a new position in shares of The Goldman Sachs Group during the fourth quarter worth $26,000. Manning & Napier Advisors LLC grew its stake in shares of 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 shares of The Goldman Sachs Group in the first quarter worth $27,000. Finally, Lifetime Wealth Management P.C. acquired a new stake in The Goldman Sachs Group in the fourth quarter valued at $29,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

The Goldman Sachs Group Stock Down 1.9% Shares of NYSE:GS opened at $1,002.64 on Friday. The company has a market capitalization of $291.94 billion, a price-to-earnings ratio of 15.48, a P/E/G ratio of 1.04 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 business’s 50-day moving average is $1,054.38 and its 200-day moving average is $963.86. The Goldman Sachs Group, Inc. has a 1 year low of $712.97 and a 1 year high of $1,153.99.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last released its earnings results on Tuesday, July 14th. The investment management company reported $20.98 EPS for the quarter, topping the consensus estimate of $14.47 by $6.51. The business 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 19.16% and a net margin of 15.53%.The firm’s revenue was up 39.4% on a year-over-year basis. During the same quarter last year, the firm posted $10.91 earnings per share. Equities 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 business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given a dividend of $5.00 per share. This is a positive change from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $20.00 annualized dividend and a dividend yield of 2.0%. The Goldman Sachs Group’s payout ratio is 27.78%.

More The Goldman Sachs Group News 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 Analysts Set New Price Targets Several research analysts have commented on the company. Rothschild & Co Redburn lifted their target price on The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a report on Thursday, June 25th. Evercore reissued an “outperform” rating on shares of The Goldman Sachs Group in a research note on Monday, July 6th. JPMorgan Chase & Co. lifted their price objective on The Goldman Sachs Group from $900.00 to $955.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 15th. Wall Street Zen cut The Goldman Sachs Group from a “buy” rating to a “hold” rating in a report on Saturday, August 15th. Finally, Keefe, Bruyette & Woods increased their target price on shares of The Goldman Sachs Group from $1,050.00 to $1,130.00 and gave the company a “market perform” rating in a research report on Wednesday, July 15th. Two investment 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 given a Sell rating to the company. According to data from MarketBeat, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and an average target price of $1,062.86.

Get Our Latest Research Report on GS

(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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Goldman Sachs (NYSE:GS | GS Price Prediction) is paying up to $2.25 billion for NEOS Investments, the issuer behind NEOS Nasdaq-100® High Income ETF (NASDAQ:QQQI). The deal adds roughly $30 billion in active income ETFs to Goldman Sachs Asset Management and instantly makes QQQI part of one of the largest asset managers in the world. If you own QQQI for the fat monthly checks, this is a good moment to reassess what you actually hold, because the alternative sitting right next to it may serve you better than the covered-call wrapper Goldman just bought.

QQQI attracted its base for obvious reasons. It writes index call options against the Nasdaq-100, kicks off a distribution every month, and uses Section 1256 tax treatment to soften the tax bite. The forward annualized payout of $7.6152 on a $54.34 share price works out to a roughly 14% distribution yield. For retirees and income-focused investors, that headline number is hard to look past.

Where the Covered-Call Wrapper Quietly Costs You The mechanism that generates QQQI’s yield is also what caps its returns. By selling call options against a Nasdaq-100 exposure, the fund trades away most of the index’s upside during strong rallies in exchange for premium income. In a year when large-cap tech advances, that tradeoff is expensive.

Look at the last twelve months. QQQI delivered a total return (price plus reinvested distributions) of 19.06%. Over the same window, Invesco QQQ Trust, Series 1 (NASDAQ:QQQ) returned 25.79% on price alone, before its small dividend. That is a gap of roughly 6.7 percentage points in a single year, and the 14% distribution is already inside the QQQI number. The covered-call overlay did not just cap the upside; it left real money on the table.

And the fee gap widens the drag. QQQI charges a 0.68% expense ratio. QQQ charges roughly 0.20%. On a $100,000 position, that difference is about $480 a year, every year, compounded against your total return.

A Cleaner Alternative: Own the Index, Manufacture Your Own Income The cleaner swap for most QQQI holders is straightforward: own QQQ (or the cheaper Invesco Nasdaq 100 ETF (NASDAQ:QQQM) if you prefer, though QQQ has deeper liquidity) and sell shares as needed to fund the same cash flow you were getting from distributions. Selling roughly 14% of the position per year replicates QQQI’s payout, and the underlying exposure to Nvidia, Microsoft, Apple, Broadcom, and Amazon is essentially identical.

The difference is what the wrapper does to your growth. QQQ has returned 94.73% over five years and 510.68% over ten. QQQI has only existed since early 2024, so it has no comparable long-run record, but its structure is engineered to underperform QQQ in strong markets by design. That has now shown up in the numbers.

Tradeoffs You Should Actually Weigh This swap is not without risk. Three things are real.

Behavior risk. QQQI pays you whether or not you would have sold shares. If you know you would panic-hold in a drawdown rather than trim, the automatic distribution has behavioral value. Tax treatment. QQQI’s index-option strategy uses 60/40 long/short-term capital gains treatment on its options income, which is often more tax-efficient than ordinary dividends. Selling QQQ shares generates capital gains taxed by holding period. Sequence risk in retirement. Selling shares during a bear market locks in losses more directly than receiving a distribution funded partly by option premium. Making the Switch Without Handing the IRS a Bonus In a tax-advantaged account (IRA, 401(k), Roth), rotating from QQQI into QQQ triggers no tax and is a mechanical trade. In a taxable account, check your cost basis first. If you bought QQQI recently and it has moved with the market, the embedded gain may be modest and worth realizing. If you have a large gain, consider swapping in tranches, or redirecting new contributions to QQQ while letting QQQI run down through distributions.

What Goldman’s Check Really Signals Goldman paid $2.25 billion because $30 billion in sticky, high-yield distribution products is a valuable asset for a fee-based manager. For your own portfolio, the calculation runs the other way. If you want Nasdaq-100 exposure and can manufacture your own income, QQQ has quietly done more for shareholders over the past year than the 14% headline suggests. If you specifically value the monthly check, the tax-managed distribution, and the discipline of not touching principal, QQQI still earns a seat (we walked through how to build a dividend ladder that lives off the checks without selling shares in a free guide). Just do not confuse the yield with a total-return edge, because the last twelve months say it isn’t one.

Contact [email protected] for any questions or corrections.

1ST Source Bank purchased a new position in The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 596 shares of the investment management company’s stock, valued at approximately $603,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of GS. Brighton Jones LLC boosted its position in The Goldman Sachs Group by 17.1% during the fourth 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 raised its stake in shares of The Goldman Sachs Group by 7.0% during the 4th quarter. Revolve Wealth Partners LLC now owns 888 shares of the investment management company’s stock worth $508,000 after acquiring an additional 58 shares in the last quarter. Sivia Capital Partners LLC raised its stake in shares of The Goldman Sachs Group by 90.1% during the 2nd quarter. Sivia Capital Partners LLC now owns 1,551 shares of the investment management company’s stock worth $1,098,000 after acquiring an additional 735 shares in the last quarter. Schnieders Capital Management LLC. lifted its position in The Goldman Sachs Group by 9.3% during the second quarter. Schnieders Capital Management LLC. now owns 821 shares of the investment management company’s stock valued at $581,000 after acquiring an additional 70 shares during the last quarter. Finally, Main Street Financial Solutions LLC lifted its position in The Goldman Sachs Group by 22.2% during the second quarter. Main Street Financial Solutions LLC now owns 2,150 shares of the investment management company’s stock valued at $1,522,000 after acquiring an additional 391 shares during the last quarter. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group Trading Down 1.7% NYSE:GS opened at $1,022.32 on Thursday. The company has a market capitalization of $297.67 billion, a P/E ratio of 15.78, a PEG ratio of 1.05 and a beta of 1.30. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17. The Goldman Sachs Group, Inc. has a 12 month low of $705.55 and a 12 month high of $1,153.99. The firm has a fifty day simple moving average of $1,055.05 and a 200-day simple moving average of $963.38.

The Goldman Sachs Group (NYSE:GS – Get Free Report) last released its earnings results 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 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 return on equity of 19.16% and a net margin of 15.53%.The firm’s revenue was up 39.4% on a year-over-year basis. During the same period in the prior year, the firm earned $10.91 EPS. On average, equities research 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 firm 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. This represents a $20.00 annualized dividend and a yield of 2.0%. 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. The Goldman Sachs Group’s dividend payout ratio (DPR) is presently 27.78%.

Wall Street Analysts Forecast Growth A number of brokerages have recently issued reports on GS. Rothschild & Co Redburn upped their price target on The Goldman Sachs Group from $870.00 to $920.00 and gave the stock a “neutral” rating in a research report on Thursday, June 25th. BNP Paribas Exane lowered their price objective on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. UBS Group boosted their target price 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. Zacks Research raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 16th. Finally, JPMorgan Chase & Co. increased their price target on The Goldman Sachs Group from $900.00 to $955.00 and gave the company a “neutral” 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 given a Hold rating and one has assigned 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.

View Our Latest Report on GS

More The Goldman Sachs Group News Here are the key news stories impacting The Goldman Sachs Group this week:

Positive Sentiment: Goldman Sachs agreed to acquire LCN Capital Partners for up to $410 million, including $260 million upfront and performance-based consideration. LCN manages approximately $3 billion in assets and specializes in sale-leaseback and triple-net-lease investments. The transaction expands Goldman’s Asset & Wealth Management business into private real estate and could increase recurring, capital-light fee 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. The trend supports growth prospects for Goldman’s asset-management and ETF operations, although it is an industry outlook rather than a direct earnings update. Goldman Sachs’ $2 Trillion ETF Forecast Signals a New Era for AI, Active and Thematic Funds Neutral Sentiment: Goldman analysts reiterated Buy ratings on Talen Energy and Lowe’s, while maintaining a Buy rating but reducing the target for HawkEye 360. These calls may generate advisory activity and visibility but have limited direct effect on GS’s near-term financial results. Neutral Sentiment: Goldman research highlighted rising AI-related pressure on employment, particularly among entry-level workers. The report reinforces Goldman’s role as a source of influential economic research, but it does not directly change the company’s earnings outlook. Goldman studied where AI is squeezing labor markets Negative Sentiment: Ripple’s $275 million debt offering was described as supporting competition with traditional financial firms, including Goldman. The competitive threat appears limited and longer term, but it adds to concerns about emerging fintech and digital-asset rivals. (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 Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? 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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ABN AMRO Bank N.V. bought a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 4,477 shares of the investment management company’s stock, valued at approximately $4,522,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sky Investment Group LLC boosted its stake in shares of The Goldman Sachs Group by 0.9% during the second quarter. Sky Investment Group LLC now owns 1,168 shares of the investment management company’s stock valued at $1,181,000 after purchasing an additional 10 shares during the period. Warren Street Wealth Advisors LLC boosted its holdings in shares of The Goldman Sachs Group by 3.9% during the second quarter. Warren Street Wealth Advisors LLC now owns 269 shares of the investment management company’s stock worth $272,000 after purchasing an additional 10 shares during the period. Pines Wealth Management LLC boosted its holdings in shares of The Goldman Sachs Group by 0.4% during the fourth quarter. Pines Wealth Management LLC now owns 2,566 shares of the investment management company’s stock worth $2,255,000 after purchasing an additional 11 shares during the period. Welch & Forbes LLC grew its stake in shares of The Goldman Sachs Group by 0.8% in the fourth quarter. Welch & Forbes LLC now owns 1,430 shares of the investment management company’s stock worth $1,257,000 after purchasing an additional 11 shares during the last quarter. Finally, First Financial Group Corp increased its holdings in The Goldman Sachs Group by 4.7% during the 1st quarter. First Financial Group Corp now owns 246 shares of the investment management company’s stock valued at $208,000 after purchasing an additional 11 shares during the period. 71.21% of the stock is currently owned by institutional investors.

The Goldman Sachs Group News Summary Here are the key news stories impacting The Goldman Sachs Group this week:

Positive Sentiment: Goldman Sachs agreed to acquire LCN Capital Partners for up to $410 million, including $260 million upfront and performance-based consideration. LCN manages approximately $3 billion in assets and specializes in sale-leaseback and triple-net-lease investments. The transaction expands Goldman’s Asset & Wealth Management business into private real estate and could increase recurring, capital-light fee 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. The trend supports growth prospects for Goldman’s asset-management and ETF operations, although it is an industry outlook rather than a direct earnings update. Goldman Sachs’ $2 Trillion ETF Forecast Signals a New Era for AI, Active and Thematic Funds Neutral Sentiment: Goldman analysts reiterated Buy ratings on Talen Energy and Lowe’s, while maintaining a Buy rating but reducing the target for HawkEye 360. These calls may generate advisory activity and visibility but have limited direct effect on GS’s near-term financial results. Neutral Sentiment: Goldman research highlighted rising AI-related pressure on employment, particularly among entry-level workers. The report reinforces Goldman’s role as a source of influential economic research, but it does not directly change the company’s earnings outlook. Goldman studied where AI is squeezing labor markets Negative Sentiment: Ripple’s $275 million debt offering was described as supporting competition with traditional financial firms, including Goldman. The competitive threat appears limited and longer term, but it adds to concerns about emerging fintech and digital-asset rivals. The Goldman Sachs Group Stock Down 1.7% Shares of The Goldman Sachs Group stock opened at $1,022.32 on Thursday. The company has a debt-to-equity ratio of 3.17, a current ratio of 0.63 and a quick ratio of 0.63. The company has a 50-day moving average of $1,055.05 and a 200 day moving average of $963.38. The firm has a market cap of $297.67 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 1.05 and a beta of 1.30. The Goldman Sachs Group, Inc. has a 1 year low of $705.55 and a 1 year 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 earnings per share for the quarter, topping analysts’ consensus estimates of $14.47 by $6.51. The Goldman Sachs Group had a net margin of 15.53% and a return on equity of 19.16%. The business had revenue of $20.34 billion for the quarter, compared to analysts’ expectations of $16.22 billion. During the same quarter in the prior year, the company earned $10.91 earnings per share. The business’s revenue was up 39.4% compared to the same quarter last year. As a group, sell-side analysts anticipate 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 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 (DPR) is presently 27.78%.

Analyst Upgrades and Downgrades Several equities research analysts have weighed in on the company. Bank of America increased their price objective on The Goldman Sachs Group from $1,150.00 to $1,300.00 and gave the stock a “buy” rating in a report on Thursday, July 16th. BMO Capital Markets raised their price target 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. Daiwa Securities Group lifted their price target on shares of The Goldman Sachs Group from $891.00 to $930.00 and gave the company a “neutral” rating in a report on Tuesday, May 5th. CICC Research boosted their price objective on shares of The Goldman Sachs Group from $825.00 to $980.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Finally, Morgan Stanley set a $1,145.00 target price on shares of The Goldman Sachs Group in a research note on Wednesday, July 15th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $1,062.86.

Get Our Latest Stock Report on GS

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.

See Also Five stocks we like better than The Goldman Sachs Group Bloom Energy’s AI Surge Meets a Valuation Reality Check Target Is Winning Shoppers Back—Can the Rally Reach $180? IonQ’s Space Contract Points to a New Frontier for Quantum Investors Is Apple’s AI Strategy Smarter Than Skeptics Think? 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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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).

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.

Cornerstone Capital Inc. purchased a new stake in shares of The Goldman Sachs Group, Inc. (NYSE:GS – Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 31,729 shares of the investment management company’s stock, valued at approximately $32,090,000. The Goldman Sachs Group makes up 2.9% of Cornerstone Capital Inc.’s investment portfolio, making the stock its 11th biggest position.

Several other institutional investors have also recently bought and sold shares of the business. Turim 21 Investimentos Ltda. acquired a new position in shares of The Goldman Sachs Group during the first quarter valued at about $25,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of The Goldman Sachs Group during the fourth quarter worth about $26,000. Manning & Napier Advisors LLC raised its holdings in shares of The Goldman Sachs Group by 287.5% in the 4th quarter. Manning & Napier Advisors LLC now owns 31 shares of the investment management company’s stock worth $27,000 after acquiring an additional 23 shares during the last quarter. Steph & Co. acquired a new stake in shares of The Goldman Sachs Group in the 1st quarter worth about $27,000. Finally, Lifetime Wealth Management P.C. bought a new position in The Goldman Sachs Group in the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 71.21% of the company’s stock.

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 The Goldman Sachs Group Stock Performance GS stock opened at $1,039.68 on Wednesday. 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 cap of $302.72 billion, a PE ratio of 16.05, a P/E/G ratio of 1.05 and a beta of 1.30. The business has a 50 day moving average of $1,054.62 and a 200-day moving average of $962.79. 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 issued its quarterly 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 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 last year, the company posted $10.91 earnings per share. The Goldman Sachs Group’s quarterly revenue was up 39.4% compared to the same quarter last year. As a group, sell-side analysts expect 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 announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 1st will be given 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 dividend yield of 1.9%. This is a boost from The Goldman Sachs Group’s previous quarterly dividend of $4.50. The Goldman Sachs Group’s payout ratio is 27.78%.

Analysts Set New Price Targets A number of equities analysts have issued reports on the company. Rothschild & Co Redburn lifted their price target on 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. BNP Paribas Exane lowered their price objective on The Goldman Sachs Group from $970.00 to $940.00 and set a “neutral” rating for the company in a research note on Friday, April 24th. Citigroup raised their target price on The Goldman Sachs Group from $1,100.00 to $1,200.00 and gave the company a “neutral” rating in a report on Thursday, July 16th. Oppenheimer cut The Goldman Sachs Group from a “market perform” rating to an “underperform” rating in a research report on Tuesday, June 30th. Finally, Morgan Stanley set a $1,145.00 target price on The Goldman Sachs Group in a research report on Wednesday, July 15th. Two 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, The Goldman Sachs Group currently has an average rating of “Moderate Buy” and a consensus target price of $1,062.86.

Check Out Our Latest Stock Report on GS

(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.

Further Reading 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).

Receive News & Ratings for The Goldman Sachs Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Goldman Sachs Group and related companies with MarketBeat.com's FREE daily email newsletter.

Essex LLC reduced its position in The Goldman Sachs Group, Inc. (NYSE: GS) by 11.0% during the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,786 shares of the investment management company's stock after selling 1,705 shares during the quarter. The Goldman