GS|Earnings Snapshot
EPS
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $16.41 | - | - |
| Q2'26 | $14.50 | $20.98 | +44.7% |
| Q1'26 | $13.76 | $17.55 | +27.5% |
| Q4'25 | $12.00 | $14.01 | +16.8% |
| Q3'25 | $11.09 | $12.25 | +10.5% |
| Q2'25 | $9.66 | $10.91 | +12.9% |
Revenue
| Qtr | Est | Actual | +/− |
|---|---|---|---|
| Q3'26 | $17.9B | - | - |
| Q2'26 | $16.4B | $20.3B | +23.8% |
| Q1'26 | $15.8B | $17.2B | +9.3% |
| Q4'25 | $14.2B | $13.5B | -5.3% |
| Q3'25 | - | $15.2B | - |
| Q2'25 | - | $14.6B | - |
Market Data
GS Stock Snapshot
GS is currently trading at $1040.04, giving The Goldman Sachs Group, Inc. a market cap of 302.70B and a P/E ratio of 14.4. Today's range spans $1030.00–$1047.18, with shares opening at $1038.34 and moving up $0.65 (0.1%) from the prior close. DailyIQ's technical score sits at 55/100 (HOLD) with a news sentiment reading of 77/100.
Over the past year GS has traded between $705.55 and $1153.99 - the current price is +47.4% off the 52-week low and -9.9% from the high.
GS trades at $1040.04 (in the upper portion of its 52-week range within $705.55–$1153.99) - and the HOLD signal (55/100) reflects a market that's fairly priced relative to near-term expectations rather than one that's mispriced in either direction. (P/E: 14.4) At 302.70B in Financial Services market cap, bullish sentiment (77/100) confirms the lack of near-term narrative catalyst. The thesis is intact; the timing is patient.
In neutral phases, large-cap Financial Services names like GS are often where sector rotation debates play out quietly — at 302.70B in capitalization, the stock receives incremental allocation from funds reducing mega-cap exposure without the volatility of a small-cap entry. The 55/100 (HOLD) and bullish sentiment (77/100) at $1040.04 (in the upper portion of its 52-week range) describe a stock that is being considered rather than avoided.
Company Insights: The Goldman Sachs Group, Inc. (GS)
The Goldman Sachs Group, Inc. (GS) is a prominent global financial institution operating across capital markets, asset management, and transaction banking. Its diversified business model spans Global Banking & Markets, Asset & Wealth Management, and Platform Solutions, catering to a wide array of corporate, governmental, and individual clients. The firm's strategic positioning leverages its extensive international network to offer sophisticated financial guidance and facilitate access to global markets. This broad service offering underscores its role as a key partner for complex financial needs and investment strategies.
Goldman Sachs's financial performance exhibits a dynamic profile, with recent quarters showing mixed revenue trends alongside consistent EPS growth. The company has demonstrated an ability to exceed analyst earnings expectations in a majority of the last five quarters, indicating operational resilience and effective cost management. While revenue has experienced some quarter-over-quarter fluctuations, the upward trajectory in Earnings Per Share suggests underlying profitability improvements. Investors closely monitor these earnings trends for insights into the firm's ability to generate shareholder value in varying market conditions.
The firm's operational landscape is influenced by significant external factors, including evolving inflation forecasts and the integration of artificial intelligence into its workflows. Recent developments, such as the departure of its General Counsel, introduce potential governance and regulatory scrutiny, necessitating careful risk management. Navigating these challenges while capitalizing on technological advancements will be crucial for maintaining its competitive edge. The firm's strategic responses to these dynamics will shape its future performance and market perception.
Diversified Business
Global Banking & Markets provides advisory, underwriting, and financing for corporations and governments.
Asset & Wealth Management offers diverse investment strategies and wealth advisory services to institutional and high-net-worth clients.
Platform Solutions expands reach through credit cards and transaction banking, enhancing client engagement.
Earnings Momentum
EPS has shown a consistent upward trend, increasing from $10.91 to $14.01 over the last three reported quarters.
The company has exceeded earnings estimates in 4 of the last 5 quarters, demonstrating robust performance.
Revenue growth has been inconsistent, but strategic execution in core segments supports profitability.
Market Position
Operates as a leading global financial institution within the Capital Markets industry.
Leverages an extensive international network to provide sophisticated financial solutions.
Serves a broad clientele, including corporations, governments, and individuals, reinforcing its market influence.
Risk Factors
Recent regulatory and reputational risks have emerged following the resignation of its General Counsel.
The firm's revised inflation forecast may impact market sentiment and influence trading strategies.
Navigating the integration of AI and evolving governance standards presents ongoing challenges.
Positioning GS
Investors considering Goldman Sachs should monitor its ability to navigate regulatory headwinds and capitalize on market opportunities. Adding to positions may be warranted if the firm demonstrates effective risk management and sustained earnings beats amidst market volatility. Conversely, a reduction in exposure could be prudent if governance concerns escalate or if revenue performance falters significantly against peer institutions.
What Moves GS Stock?
Goldman Sachs' stock performance is primarily driven by the health of its Global Banking & Markets division and the broader capital markets environment. Fluctuations in advisory fees, underwriting volumes, and trading revenues directly impact the firm's profitability.
Capital Markets Activity
The firm's Global Banking & Markets segment generates significant revenue from advisory services, equity and debt underwriting, and trading activities. Deal volumes and market volatility are key determinants of success in this area.
A robust M&A and IPO market typically boosts Goldman Sachs' advisory and underwriting fees, leading to higher revenues and earnings. Conversely, market downturns or reduced deal activity can pressure top-line growth and impact share price.
Asset & Wealth Management
Goldman Sachs' Asset & Wealth Management division benefits from strong inflows into its investment products and the overall performance of managed assets. Fee-based revenues are a stable component of its business model.
Growth in assets under management (AUM) and positive investment performance translate into higher management and performance fees, contributing to predictable revenue streams. Any significant outflows or underperformance can negatively affect this segment's contribution to the bottom line.
Regulatory Environment
As a major financial institution, Goldman Sachs is subject to stringent regulatory oversight, which can influence its operational capacity and risk appetite. Recent events, such as the departure of its General Counsel, highlight governance and compliance scrutiny.
Adverse regulatory developments or compliance issues can lead to fines, restrictions, or reputational damage, potentially impacting investor confidence and stock valuation. Proactive risk management and adherence to evolving regulations are crucial for maintaining stability.
Key insight: Goldman Sachs' stock is a barometer for global investment banking activity and asset management trends. Investors should monitor deal pipelines and AUM growth, alongside regulatory developments, as primary drivers of its valuation.
Analyst Price Targets for GS
The current spread of analyst price targets and ratings for The Goldman Sachs Group, Inc. (GS).
Reflects the most recently tracked analyst ratings for GS and may lag real-time updates. Not a recommendation to buy or sell.
GS Competitive Positioning
The Goldman Sachs Group, Inc. (GS) is tracked alongside these names in Capital Markets on DailyIQ.
Key Metrics for GS
Goldman Sachs' performance hinges on its ability to generate fees from investment banking and asset management, alongside trading profits. Investors should monitor these key metrics to gauge the firm's operational health and market positioning.
Net Revenues: Total income generated from all business activities. Strong revenue growth indicates GS's ability to capture market share and execute deals; declining revenues suggest market headwinds or competitive pressures. This is crucial for overall profitability and shareholder returns.
Investment Banking Fees: Fees earned from advisory, underwriting, and financing services. An upward trend signifies robust deal-making activity and GS's advisory strength; a decline points to a slower M&A and IPO market. This segment is a key driver of GS's high-margin business.
Asset Management Fees: Income from managing client assets and performance fees. Growth here reflects successful fundraising and strong investment performance; stagnation or decline suggests challenges in attracting or retaining assets. This provides a more stable, recurring revenue stream for GS.
Trading Revenues: Profits from the firm's trading desks in equities and fixed income. Higher revenues indicate successful navigation of volatile markets; lower revenues may signal reduced market-making activity or trading losses. This segment can be lumpy but is a significant contributor to GS's earnings.
Return on Equity (ROE): Net income as a percentage of shareholder equity. A rising ROE demonstrates GS's efficiency in generating profits from its capital; a falling ROE suggests less effective capital deployment. This is a core measure of profitability and shareholder value creation.
Risk Factors
Goldman Sachs faces risks tied to its complex financial operations, regulatory scrutiny, and the broader economic climate. Investors should monitor these factors as they can significantly impact the firm's profitability and market standing.
- Regulatory Scrutiny
As a major financial institution, Goldman Sachs is subject to extensive regulation. Changes in regulatory frameworks or enforcement actions could lead to increased compliance costs, fines, or restrictions on business activities. The recent departure of its General Counsel due to past associations highlights ongoing reputational and governance risks that could attract further regulatory attention.
- Market Volatility
The firm's performance is heavily influenced by the volatility of global financial markets. Significant downturns or unpredictable swings in asset prices can negatively impact trading revenues, investment banking fees, and asset management performance. This risk materializes during periods of economic uncertainty or geopolitical instability.
- Reputational Risk
Goldman Sachs' reputation is a critical asset, and any damage can affect client trust and business opportunities. The association of former executives with controversial figures, as seen with the General Counsel's situation, can lead to public backlash and scrutiny. Such events could deter clients and partners, impacting revenue streams.
- Economic Sensitivity
The firm's diverse business lines, including investment banking and asset management, are sensitive to macroeconomic conditions. A slowdown in economic growth, rising inflation, or changes in interest rates can reduce deal-making activity and investor appetite for risk. This directly impacts the firm's revenue generation capabilities.
- Talent Retention
Attracting and retaining top talent is crucial for a knowledge-based financial services firm like Goldman Sachs. Intense competition for skilled professionals, particularly in areas like technology and quantitative analysis, could lead to higher compensation costs or a loss of key personnel. This risk is heightened during periods of rapid industry change or economic expansion.
GS Recent Earnings History
- Q4 2025
EPS: $14.01 actual vs $12.0 estimate (beat) · Revenue: $13,454M actual vs $14,205M estimate
- Q3 2025
EPS: $12.25 actual vs $11.09 estimate (beat) · Revenue: $15,184M actual
- Q2 2025
EPS: $10.91 actual vs $9.66 estimate (beat) · Revenue: $14,583M actual
- Q1 2025
EPS: $14.12 actual vs $12.26 estimate (beat) · Revenue: $15,062M actual
- Q4 2024
EPS: $11.95 actual vs $8.35 estimate (beat) · Revenue: $13,869M actual
Frequently Asked Questions About GS
Is The Goldman Sachs Group, Inc. (GS) stock a good investment?
The investment thesis for Goldman Sachs (GS) often centers on its position as a leading global financial institution. Its diversified business model across investment banking, asset management, and trading provides multiple avenues for growth. Investors might consider the firm's ability to navigate complex market environments and capitalize on global economic trends.
What drives The Goldman Sachs Group, Inc. (GS) stock price?
Goldman Sachs' stock price is influenced by several factors, including the overall health of the global economy, interest rate environments, and trading volumes. Performance in its Global Banking & Markets segment, particularly advisory and underwriting fees, along with asset management inflows and performance, are key drivers. Regulatory changes and geopolitical events can also significantly impact its valuation.
Does The Goldman Sachs Group, Inc. (GS) pay a dividend?
Yes, The Goldman Sachs Group, Inc. (GS) typically pays a quarterly dividend. The company has a history of returning capital to shareholders through dividends and share repurchases. Investors should review the latest dividend announcements and the company's capital allocation strategy for current details.
What are the risks of investing in The Goldman Sachs Group, Inc. (GS)?
Investing in Goldman Sachs (GS) carries risks inherent to the financial services industry. These include market volatility, potential regulatory scrutiny, and credit risk within its lending and trading operations. Economic downturns can affect deal-making and asset values, impacting the firm's profitability. Recent news also highlights potential reputational risks.
How is The Goldman Sachs Group, Inc. (GS) valued?
Valuation for Goldman Sachs (GS) often involves looking at metrics like price-to-earnings (P/E) ratio, price-to-book (P/B) value, and dividend yield, comparing them to historical averages and peers. Its performance in capital markets and asset management, as well as its return on equity, are critical factors influencing how the market values the company.
What is Goldman Sachs' (GS) strategy in asset and wealth management?
Goldman Sachs aims to grow its Asset & Wealth Management division by attracting significant client inflows and generating strong investment performance across various asset classes. The firm focuses on providing sophisticated investment solutions to both institutional and high-net-worth clients, leveraging its global reach and expertise to expand its assets under supervision.
How might AI integration impact Goldman Sachs (GS)?
The integration of Artificial Intelligence (AI) could enhance efficiency and decision-making across Goldman Sachs' operations, from trading algorithms to client advisory services. While AI offers potential benefits, it also presents challenges related to implementation, data security, and the need for skilled personnel. Investors are watching how GS adapts and leverages AI to maintain its competitive edge.
What is the outlook for Goldman Sachs' (GS) Global Banking & Markets segment?
The outlook for Goldman Sachs' Global Banking & Markets segment is tied to the activity levels in capital markets and M&A advisory. Periods of economic uncertainty can temper deal flow, while robust market conditions tend to boost underwriting and advisory revenues. The firm's ability to secure mandates and execute complex transactions is crucial for this segment's performance.
How does inflation impact The Goldman Sachs Group, Inc. (GS)?
Inflation can have a mixed impact on Goldman Sachs (GS). Higher inflation can sometimes lead to increased interest rates, which may benefit certain trading and lending activities. However, persistent inflation can also dampen economic growth, reduce investor appetite for risk, and potentially slow down capital markets activity, affecting advisory and underwriting fees.
Learn More
Understanding MACD: A Beginner's Guide Learn how MACD crossovers, histogram momentum, and divergence can help you read trend shifts.
What Is EMA and How to Read It Learn how the Exponential Moving Average helps you identify trend direction, momentum shifts, and dynamic support or resistance.
Advanced Chart Analysis: Scaling, Volume, and Comparative Charting Explained A comprehensive guide to advanced chart construction including arithmetic vs logarithmic scales, dual y-axes, multi-line comparisons, and volume-based charting techniques.
The Basic Principle of Technical Analysis - The Trend Understand how trends form, why they matter, how they are identified, and the core assumptions technical analysts rely on when studying market price behavior.
Break of Structure (BOS) and Change of Character (CHoCH) Explained Learn how Break of Structure (BOS) and Change of Character (CHoCH) reveal trend continuation and reversals - and how smart money traders use them with liquidity and imbalances.
Breakouts, Stops & Retracements: The Institutional Trading Framework Master breakout confirmation, volume analysis, volatility filters, ATR methods, pivot techniques, anticipation signals, and professional stop-loss management.
Recent News Coverage
Most recent articles, ranked by recency (click to expand).