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GS·The Goldman Sachs Group, Inc.

$872.80
-19.11 (-2.14%)
High
$898.43
Open
$880.93
Market Cap
263.46B
52W High
$1,157.75
Low
$870.50
P. Close
$872.80
P/E
12.56
52W Low
$740.01
Fwd P/E
12.30
DailyIQ Est.
$1083.36
Inst. Ownership
38.0%
Short Interest
2.26%
Days to Cover
2.7
Div. Yield
2.02%
Next Ex-Div
~Dec 1
Div. Growth
14+ yrs
NewEarnings release, scored · filed Oct 13, 2026Guidance lowered · tone -0.5 vs prior release · 142 lines scoredSee the breakdown
Technical Score (1D)
77
BULLISH
News Sentiment
68
BULLISH
On Oct 13, Goldman Sachs reported Q3 2026 net revenues of $18.7 billion, the second highest in its history, with earnings per share of $17.01, according to its earnings call highlights. The bank noted that investment banking advisory revenue hit a record, preserving its top position in M&A, while equity and asset‑wealth segments grew 72 % and 14 % year‑over‑year, driven by strong intermediation, financing, and management fee performance. The company also highlighted a durable revenue base, with durable revenues now about 45 % of year‑to‑date totals, and warned that geopolitical and inflationary risks could affect market activity. On the same day, a research note from Goldman Sachs projected the September Consumer Price Index at 3.70 % year‑over‑year, slightly above the consensus of 3.60 %, citing a 5.0 % jump in energy prices, especially gasoline, as the primary driver of the increase. The forecast was issued ahead of the official CPI release on Oct 14 and underscored the firm’s role as a key economic commentator. In a separate earnings call summary released on Oct 13, Goldman Sachs reiterated that its record net revenues were driven by advisory and financing growth, that its Asset & Wealth Management division reached a record $4.1 trillion in assets under supervision, and that the firm is strategically positioning itself at the core of the U.S. data‑center build‑out required for AI, targeting a $10 trillion opportunity through 2032. The bank also reported an improved year‑to‑date efficiency ratio of 59.4 %, reflecting disciplined expense management.
LOW TARGET
$730 -16.4%
2 analysts
MEAN TARGET
$1069 +22.5%
21 analysts
HIGH TARGET
$1250 +43.2%
10 analysts
PRICE RANGE
$730.00 - $1250.00
SB / B / H / S / SS
6/9/16/1/1
DAILYIQ EST.
$1083.36 (+24.1%)
Sector
Financial Services
Industry
Capital Markets
Exchange
NYQ
Country
United States
Website
goldmansachs.com
Symbol
GS
Description
Goldman Sachs Group, Inc. is a global financial powerhouse offering a diverse suite of services to a broad clientele including corporations, governments, and individuals. The firm's core business is segmented into three key areas: Global Banking & Markets, which delivers advisory services, underwriting, and financing solutions; Asset & Wealth Management, focused on managing assets across various classes and providing wealth advisory services; and Platform Solutions, encompassing credit cards and transaction banking services. With a history dating back to 1869, Goldman Sachs leverages its extensive global network to provide a wide range of financial solutions, including strategic advisory, investment management, and transaction execution. This positions the company as a key partner for clients seeking sophisticated financial guidance and access to global markets. The company is headquartered in New York.
Bought (1Y)
0 shares
$0
Sold (1Y)
7,882 shares
$7.8M
LESLIE ERICKA TChief Administrative Officer
Sell600 shares2026-08-28
LESLIE ERICKA TChief Administrative Officer
Sell9 shares2026-08-04
LESLIE ERICKA TChief Administrative Officer
Sell129 shares2026-08-04
LESLIE ERICKA TChief Administrative Officer
Sell37 shares2026-08-04
LESLIE ERICKA TChief Administrative Officer
Sell149 shares2026-07-15
View full insider trading history →
55/ 100
Neutral / mixed
Overall: Neutral
✓Revenue growing year over year
✓Positive net margin
✕Negative operating cash flow
Net Margin
29.5%
Revenue CAGR
5.2%
Debt / Equity
3.41x
Return on Equity
13.7%
View full financials →
Earnings Summary
Goldman Sachs Group, Inc. is a global financial powerhouse offering a diverse suite of services to corporations, governments, and individuals, with core businesses in Global Banking & Markets, Asset & Wealth Management, and Platform Solutions, positioning it as a key partner for sophisticated financial guidance and global market access. In the last two quarters, Q1 2026 and Q2 2026, the firm posted EPS of $17.55 and $20.98, respectively, both beating estimates of $13.76 and $14.50, while revenue rose to $17.227 billion and $20.338 billion, surpassing analyst expectations and reflecting a 9.6% and 18.4% YoY increase; this contrasts with Q3 2025 where EPS of $12.25 beat estimates but revenue of $15.184 billion fell short of the $14.205 billion estimate, indicating a recent acceleration in earnings and top‑line growth. Historically, Goldman has maintained a strong YoY growth trajectory, with EPS consistently exceeding forecasts in the past four quarters and revenue growth averaging around 12% annually, underscoring a pattern of robust profitability even when revenue estimates are occasionally missed. Recent news highlights record net revenues of $18.7 billion in Q3 2026, driven by record investment banking advisory revenue and 72% growth in equity and 14% in asset‑wealth segments, while the firm noted durable revenues now about 45% of year‑to‑date totals; this underscores the firm’s resilience amid geopolitical and inflationary risks.

EPS

EstBeatMiss
$9.60$12.82$16.03$19.25$22.46Q3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$15.05$17.01+13.0%
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%

Revenue

EstBeatMiss
$12.4B$14.7B$16.9B$19.1B$21.4BQ3'25Q4'25Q1'26Q2'26Q3'26
QtrEstActual+/−
Q3'26$17.5B$18.7B+6.6%
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 -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
→

Market Data

GS Stock Snapshot

BULLISH77/100
$872.80−$19.11 (2.1%)
Market cap
263.46B
P/E ratio
12.6
Day range
$870.50 – $898.43
News sentiment
68/100 · Bullish
Analyst target
$1069.10 (+22.5%)
Consensus
Hold · 33 analysts
52-week range+17.9% off low · -24.6% from high
$740.01$1157.75
Price $872.80 DailyIQ Est. $1083.36

Price is in the lower half of its 52-week range, and the momentum read backs that positioning up. At this size, moves are driven by index flows and macro positioning as much as by company news.

Behaviour On Record

What GS's own history says about today's numbers

Realized volatility (21d)
20.7% 39th pct
Below its peak
-22.2%
vs 200-day average
-6.6%
Up days (1y)
52%

The Goldman Sachs Group, Inc. is currently running 20.7% annualised volatility over the last 21 sessions. Measured against GS's own 13 years of daily returns rather than a market-wide average, that is the 39th percentile — on the quiet side for this stock, against a typical reading of 22.7%. The distinction matters because a number that looks calm for one stock is turbulent for another, and the absolute figure on its own tells you neither.

GS is trading -22.2% below its running peak. Across 12 full years on file, its median worst-drawdown-in-a-year was -21.2%, and the deepest was -44.8% in 2020. The current drawdown is already deeper than this stock's typical annual low point, which puts it in the part of its range where past recoveries began — and where past declines also continued.

Price sits -6.6% from its 200-day moving average. Against every other day in its history, that gap ranks at the 18th percentile — a narrower gap than it typically runs. Over the past year GS closed higher on 52% of sessions, and it is currently 1 session into a rising streak.

On October specifically: over 14 years of records, GS finished the month higher 9 of 14 times, with a median return of +3.4% and an average of +3.5%. Its strongest month historically has been November at +5.6% on average, its weakest March at -4.0%. Seasonality is a weak signal on its own — a decade is a small sample and regimes change — but it is a real distribution rather than a rule of thumb.

Overnight risk is measurable too: GS has opened more than 2% away from the prior close in 55 of 3,268 sessions (1.7% of the time), with the largest gaps running +5.6% and -10.5%. For anyone holding through an event, that rate is a better guide to overnight exposure than the intraday range.

Across the last 4 dated reports on file, GS moved an average of 1.2% in the session after earnings, closing higher 3 of those 4 times, with a median move of +0.7% and a largest of +2.0%.

All figures computed from 3,269 daily closes between 2013-10-15 and 2026-10-14, split-adjusted, recomputed daily. Percentiles are against GS's own 13-year history, not a peer group or index.

Sector Rotation

Is money rotating into or out of GS's sector?

The Goldman Sachs Group, Inc. sits in the Financials sector, currently ranked 12th of 12 GICS sectors by relative-strength rotation score (improving).

Sector rank
#12 of 12
Sector state
Improving
Sector rotation score
0

Options Market

What is the options market pricing for GS?

CallsPuts

For The Goldman Sachs Group, Inc.'s nearest expiry (2026-10-16, 2 days out), open interest is roughly balanced between puts and calls (put/call ratio of 0.95), with at-the-money implied volatility around 40.7%. The options market is pricing roughly a ±2.7% move by that expiry — a range of about $847.09–$894.61.

Put/call ratio (2026-10-16)
0.95
ATM implied volatility
40.7%
Total open interest
57,083
Expected move by 2026-10-16
±2.7% ($847.09–$894.61)

Analyst Rating Changes

Are analysts turning bullish or bearish on GS?

TD Cowen most recently initiated coverage on The Goldman Sachs Group, Inc. to Buy on Oct 8, 2026 with a price target of $1050. Over the last 90 days, coverage has run 1 upgrade against 0 downgrades, a net bullish lean.

Latest action
TD Cowen — Buy
90-day upgrades
1
90-day downgrades
0
Net rating momentum
+1
DateFirmActionRatingPrice target
Oct 8, 2026TD CowenInitiatedBuy$1050
Oct 6, 2026BMO CapitalMaintainedMarket Perform$972 → $970
Oct 5, 2026UBSMaintainedNeutral$1150 → $1010
Oct 1, 2026Evercore ISI GroupMaintainedOutperform$1210 → $1000
Sep 28, 2026HSBCMaintainedHold$995 → $1007
Sep 25, 2026Wells FargoMaintainedOverweight$1325 → $1175
Sep 23, 2026CitigroupMaintainedNeutral$1200 → $1050
Aug 3, 2026UBSMaintainedNeutral$1120 → $1150
Jul 21, 2026HSBCUpgradeReduce → Hold$834 → $995
Jul 17, 2026BMO CapitalMaintainedMarket Perform$1190 → $1150
Jul 17, 2026Evercore ISI GroupMaintainedOutperform$1075 → $1210
Jul 16, 2026CitigroupMaintainedNeutral$1100 → $1200

Earnings Release, Scored

What did The Goldman Sachs Group, Inc.'s latest earnings release say?

Filed Oct 13, 2026 · SEC Form 8-K, Exhibit 99

Guidance lowered
Tone56.7/ 100-0.5 vs prior release
Hedging words0.00per 100 words0.00 vs prior release
Tone, last 2 releasesScale 50–70

Most important lines

  1. 1

    2026, 72% lower than the third quarter of 2025 and 23% lower than the

    Guidance loweredNegative tone
  2. 2

    YTD Growth4.2%

    New this quarter
  3. 3

    Net revenues were $ 18.68 billion for the third quarter of 2026, 23% higher than

Scores describe the release's wording. They are not a forecast.

Read all 142 scored lines →

Peers & ETF holders

GS peers & ETF holders

Capital MarketsMarket cap · today

Top ETF holdersWeight

News Sentiment Analysis

Sentiment gathered from recent headlines

68/100
Strong NegativeNeutralStrong Positive
MODERATELY BULLISH

Recent News Coverage

Most recent articles, ranked by recency (click to expand).

10+ articles
What did this article say?
Goldman Sachs reported Q3 net revenue of $18.68 billion and earnings per share of $17.01, surpassing analyst expectations. Net profit climbed 29% to $5.29 billion, driven by a 72% increase in equities revenue and a 21% rise in investment banking fees. The results reflected robust market activity and a solid fee‑based business, though overall share price closed lower amid broader market weakness.
What did this article say?
Goldman Sachs reported Q3 2026 net revenues of $18.7 billion, the second highest in its history, with earnings per share of $17.01. Investment banking advisory revenue hit a record, preserving its top position in M&A and a robust backlog. Equity and asset‑wealth segments grew 72% and 14% respectively, driven by strong intermediation, financing, and management fee performance. The company highlighted a durable revenue base, with durable revenues now about 45% of year‑to‑date totals, while noting geopolitical and inflationary risks that could affect market activity.
What did this article say?
Goldman Sachs released a research note estimating that the Consumer Price Index for September would rise to 3.70% year‑over‑year, slightly above the consensus of 3.60%. The bank attributed the increase mainly to a 5.0% jump in energy prices, driven by higher gasoline costs linked to Middle East supply disruptions. The forecast suggests continued inflationary pressure in the near term, reinforcing concerns about the economy’s resilience. The note was issued ahead of the official CPI release on October 14, providing market participants with a timely outlook. The projection does not indicate any immediate action by GS itself, but it underscores the firm’s role as a key economic commentator.
What did this article say?
Goldman Sachs reported its second-highest quarterly net revenues in firm history, driven by record advisory fees and significant growth in equities and FICC financing. The bank highlighted a durable financing component that now accounts for over 40% of its FICC and equities revenue, supported by multi‑year investments in Asia. Asset & Wealth Management reached a record $4.1 trillion in assets under supervision, buoyed by 35 consecutive quarters of fee‑based inflows. Management emphasized a strategic positioning at the core of the U.S. data‑center build‑out required for AI, targeting a $10 trillion opportunity through 2032. Operational efficiency improved with a year‑to‑date efficiency ratio of 59.4%, reflecting disciplined expense management.
What did this article say?
Goldman Sachs Group’s global head of foreign‑exchange, rates and emerging markets strategy research, Kamakshya Trivedi, forecasted that the Chinese yuan would strengthen to 6.40 per dollar over the next year from its current level of about 6.69. The forecast is based on the yuan’s undervaluation and China’s growing trade surplus, which the firm believes will support a sustained appreciation trend. Trivedi noted that Chinese authorities may welcome a stronger yuan as it helps maintain stable trade relations. The outlook suggests a positive tailwind for Goldman’s FX and emerging‑markets activities.
What did this article say?
Goldman Sachs reported Q3 revenue of $20.34 billion, up 39.5% YoY, surpassing analyst forecasts. The bank also exceeded earnings‑per‑share estimates and outperformed its Banking & Markets segment peers. Market expectations for the next quarter anticipate a 10.3% revenue growth, a slowdown from last year’s 19.6%. Analysts largely reaffirmed their guidance, indicating confidence in the company’s trajectory. The results reinforce Goldman Sachs’s track record of beating Wall Street expectations.
What did this article say?
Goldman Sachs Group Inc. was set to release its third‑quarter earnings on October 13, with analysts forecasting earnings per share of $13.51 versus $12.25 a year earlier and revenue of $16.99 billion compared to $15.18 billion last year. The company’s annual dividend yield stood at 2.27%, translating to a quarterly dividend of $5.00 per share. The article outlined how investors could generate monthly income from the dividend, estimating the required investment for $500 per month. No significant surprises or material guidance changes were reported, and the coverage remained factual and forward‑looking.
What did this article say?
Goldman Sachs closed the day at $895.32, up 1.44%, outperforming the S&P 500’s 0.6% gain. The bank’s shares had fallen 13.45% over the past month, lagging the broader Finance sector’s 3.99% loss. Analysts anticipate earnings on October 13, projecting EPS of $12.90 and revenue of $16.87 billion, both up 5.3% and 11.1% YoY respectively. Year‑to‑date estimates forecast earnings of $67.48 per share and revenue of $71.46 billion, up 31.5% and 22.6% YoY. The market reaction suggests investors view the upcoming earnings as a positive catalyst for the bank.

Technical Analysis

Real-time indicators across multiple timeframes

77
BULLISH
Momentum rank against about 1,000 stocks and ETFs for this timeframe.
Unlock full technicals
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Institutional & Hedge Fund Ownership
25 tracked managers · $107.94B combined position · 16 adding, 9 trimming, 0 unchanged (latest 13F filings)
ManagerTrendShares Held% of Co.Position ValueFiled
Vanguard Group Inc▲ Buy29,014,4319.86%$25.50B2026-01-29
BlackRock, Inc.▼ Sell23,900,3768.12%$24.17B2026-08-07
JPMorgan Chase & Co▲ Buy8,039,0702.73%$8.20B2026-08-12
Morgan Stanley▲ Buy7,030,9742.39%$7.11B2026-08-13
Fisher Asset Management, LLC▲ Buy6,964,1132.37%$7.04B2026-08-04
Geode Capital Management, LLC▼ Sell6,948,5852.36%$7.02B2026-08-12
Bank of America Corp▲ Buy6,680,8112.27%$6.76B2026-08-14
FMR LLC (Fidelity)▲ Buy3,866,6401.31%$3.91B2026-08-13
Northern Trust Corp▼ Sell3,052,7341.04%$3.09B2026-08-13
Norges Bank▼ Sell2,595,2050.88%$2.62B2026-08-12
Invesco Ltd.▼ Sell2,508,4310.85%$2.54B2026-08-14
Capital World Investors▼ Sell1,902,6620.65%$1.92B2026-08-12
Wells Fargo & Company▲ Buy1,532,9730.52%$1.55B2026-08-14
Wellington Management Group LLP▲ Buy1,136,9090.39%$1.15B2026-08-14
Citigroup Inc▲ Buy1,051,4300.36%$1.06B2026-08-03
Two Sigma Investments, LP▲ Buy753,5450.26%$762.11M2026-08-14
AllianceBernstein L.P.▼ Sell810,9860.28%$686.09M2026-08-14
Janus Henderson Group plc▼ Sell671,5860.23%$568.13M2026-05-18
AQR Capital Management LLC▲ Buy486,6840.17%$492.22M2026-08-14
Neuberger Berman Group LLC▲ Buy368,3720.13%$372.56M2026-08-13
Susquehanna International Group, LLP▲ Buy318,3530.11%$321.97M2026-08-14
D. E. Shaw & Co., Inc.▲ Buy299,5000.10%$302.91M2026-08-14
Capital Research Global Investors▲ Buy274,6270.09%$277.75M2026-08-12
Squarepoint Ops LLC▼ Sell261,9410.09%$264.92M2026-08-14
Citadel Advisors LLC▲ Buy238,6840.08%$241.40M2026-09-02
Q2 2026 flow:3.37M sh bought ($3.41B)2.05M sh sold ($2.06B)net +1.31M sh (+$1.36B)
View full institutional holdings history →
Congressional Trading Activity
25 disclosed trades · ~$3.53M est. traded value · 7 buys, 18 sells
MemberChamberStateTypeAmountTradedFiled
Maria Elvira SalazarHouseFL27▼ Sell$1K - $15K2026-09-242026-10-07
Michael RulliHouseOH06▲ Buy$1K - $15K2026-09-032026-10-02
Josh GottheimerHouseNJ05▼ Sell$15K - $50K2026-04-092026-05-19
Alan ArmstrongSenateOK▲ Buy$1K - $15K2026-03-302026-07-21
Alan ArmstrongSenateOK▲ Buy$15K - $50K2026-03-272026-07-21
Maria Elvira SalazarHouseFL27▲ Buy$15K - $50K2026-03-192026-04-21
David H. McCormickSenatePA▼ Sell$1.0M - $5.0M2026-01-232026-02-22
Steve CohenHouseTN09▼ Sell$15K - $50K2025-12-172026-01-14
Julie JohnsonHouseTX32▼ Sell$1K - $15K2025-11-132025-12-11
Ted CruzSenateTX▼ Sell$100K - $250K2025-11-112025-11-12
Lisa McClainHouseMI09▼ Sell$1K - $15K2025-10-312025-11-21
Jared MoskowitzHouseFL23▲ Buy$1K - $15K2025-10-102025-11-22
Lisa McClainHouseMI09▼ Sell$1K - $15K2025-08-042025-09-12
Valerie HoyleHouseOR04▼ Sell$1K - $15K2025-07-282025-09-12
Julia LetlowHouseLA05▼ Sell$1K - $15K2025-07-242026-01-13
Ritchie John TorresHouseNY15▼ Sell$1K - $15K2025-07-112025-08-20
Jefferson ShreveHouseIN06▼ Sell$15K - $50K2025-05-122025-06-22
Bruce WestermanHouseAR04▼ Sell$1K - $15K2025-04-212025-05-12
Tommy TubervilleSenateAL▼ Sell$15K - $50K2025-04-152026-08-05
Jared MoskowitzHouseFL23▼ Sell$1K - $15K2025-04-102025-05-09
Jonathan JacksonHouseIL01▼ Sell$1K - $15K2025-04-072025-08-25
Jefferson ShreveHouseIN06▼ Sell$15K - $50K2025-04-072025-05-08
Jonathan JacksonHouseIL01▲ Buy$1K - $15K2025-03-242025-08-25
Bruce WestermanHouseAR04▲ Buy$1K - $15K2025-03-032025-04-16
Josh GottheimerHouseNJ05▼ Sell$1K - $15K2025-02-282025-03-06
View full congressional trading history →

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