Goldman Sachs faces a challenging outlook characterized by extreme cash flow volatility and a deteriorating liquidity profile, as evidenced by the collapse of cash reserves to $7.0 billion in 2026Q1. While the firm maintains a significant market presence, the ...
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Operating leverage remains under significant pressure as SG&A expenses surged to $10.0 billion in 2026Q1, outpacing historical quarterly averages of approximately $4.5 billion.
Goldman Sachs reported a record annualized EPS forecast of $57.70–$57.86 for 2026, reflecting a 12.7% year-over-year increase.
The firm is pivoting back to investment banking, with management projecting a stronger M&A environment in 2026, supported by a four-year high IB backlog.
Basel III revisions in March 2026 are expected to decrease capital requirements, potentially releasing billions for shareholder returns.
Recent insider selling by key executives could signal a lack of confidence in future stock performance.
Some analysts have downgraded the stock from 'strong-buy' to 'hold,' indicating a more cautious outlook.
The stock is trading at a premium P/E ratio compared to its industry average, suggesting it may no longer be a deep value play.
Trailing total returns as of 10/3/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 14, 2026 | $20.98+45.0% vs $14.47 | $20.3B+25.3% vs $16.2B |
Q2 2026 Apr 13, 2026 | $17.55+6.6% vs $16.47 | $17.2B+1.4% vs $17.0B |
Q1 2026 Jan 21, 2026 | $11.95+3.7% vs $11.52 | $30.1B vs — |
Q1 2026 Jan 15, 2026 | $14.01+19.7% vs $11.70 | $13.5B-7.3% vs $14.5B |
Goldman Sachs just handed shareholders a bigger quarterly check for the second time this year, but the real question is whether the earnings surge and capital cushion that made it possible can hold long enough to justify expecting another raise.
Even though Amazon.com, Inc. (NASDAQ: AMZN) stock has fallen by more than 13% over the past two weeks from its all-time high (ATH), Eric Sheridan, a Wall Street analyst at Goldman Sachs Group Inc. (NYSE: GS), expects a bull rally towards a new peak over the next 12 months.
Fed's stress-test overhaul aims to reduce capital requirement swings and improve planning visibility for U.S. banks, including JPM, BAC, C, WFC & GS.
Washington is threatening to cut off diesel exports to France and Germany unless they drain 120 million barrels from emergency reserves, but the official wielding that threat already said the tool is broken.
Benchmark GS against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for The Goldman Sachs Group, Inc. (GS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $902.56 | $277.99B | 17.59 | 8.92% | 13.73% | 13.91% | 1.84% | |
| $190.31 | $300.17B | 18.66 | 14.48% | 15.13% | 16.22% | — | |
| $332.38 | $890.62B | 16.58 | 7.32% | 20.66% | 16.32% | — | |
| $53.75 | $381.44B | 14.07 | 11% | 18.13% | 10.5% | — | |
| $128.50 | $220.37B | 18.38 | 5.11% | 9.34% | 7.49% | — | |
| $111.74 | $88.03B | 28.80 | 21.87% | 22.69% | 16.16% | — |
The Goldman Sachs Group, Inc. (GS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
The Goldman Sachs Group, Inc. (GS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 21, 2026·SEC
Jul 20, 2026·SEC
Jul 14, 2026·SEC
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The Goldman Sachs Group, Inc. (GS) stock FAQ — growth, dividends, profitability & financials explained
The Goldman Sachs Group, Inc. (GS) grew revenue by 8.9% over the past year. This is steady growth.
Yes, The Goldman Sachs Group, Inc. (GS) is profitable, generating $18.07B in net income for fiscal year 2025 (13.7% net margin).
Yes, The Goldman Sachs Group, Inc. (GS) pays a dividend with a yield of 1.84%. This makes it attractive for income-focused investors.
The Goldman Sachs Group, Inc. (GS) has a return on equity (ROE) of 13.9%. This is reasonable for most industries.
The Goldman Sachs Group, Inc. (GS) has a net interest margin (NIM) of 0.7%. NIM has been under pressure due to interest rate environment.
The Goldman Sachs Group, Inc. (GS) has an efficiency ratio of 30.0%. This is excellent, indicating strong cost control.
