Goldman Sachs Group Inc. reported a record-breaking second quarter in 2026, generating US$7.42 billion in stock-trading revenue, which marks the third consecutive quarter of all-time highs for its equities unit. This performance significantly outpaced previous records, with the firm's three-month haul exceeding its total annual...
Goldman Sachs raised its price target for ServiceNow to $152 from $145 following the company's second-quarter earnings report released on July 22, maintaining a buy rating. The upgrade was driven by ServiceNow crossing a significant milestone where its annual contract value (ACV) derived from AI...
Cane Capital Partners LLC increased its position in The Goldman Sachs Group, Inc. (NYSE:GS) by 14.6% during the first quarter, purchasing an additional 494 shares to own a total of 3,878 shares valued at $3.28 million. This investment represents approximately 1.4% of Cane Capital's total...
Congressional Democrats, led by Senators Elizabeth Warren and Representative Raja Krishnamoorthi, are demanding answers from Goldman Sachs CEO David Solomon regarding the bank's decision to retain top lawyer Kathy Ruemmler as an adviser. This move follows her announcement in February to resign amid revelations of...
Goldman Sachs reported quarterly earnings that exceeded analyst expectations, driven primarily by robust performance in its investment banking division. The bank posted earnings per share of $17.55, representing a 24% increase over the prior year, while revenue rose to $17.28 billion, up 14% from the...
Goldman Sachs and Morgan Stanley reported significant profit increases in the fourth quarter of 2021, with both firms posting double-digit growth in net earnings driven by a surging stock market and robust deal-making activity. Goldman Sachs saw its quarterly net earnings rise 12% year-over-year to...
Goldman Sachs Group, Inc. (GS) has been downgraded to a 'Sell' rating with a 12-month bearish outlook due to concerns over severe overvaluation and unsustainable investor sentiment. The stock currently trades at a trailing P/E of 19.3x and a price-to-tangible book value of 3.1x, which...
Goldman Sachs has initiated coverage on Penn Entertainment (PENN) with a Buy rating and a $26 price target, suggesting approximately 23% upside from recent closing prices. Analyst Lizzie Dove highlights the stock as a compelling risk/reward opportunity within the gaming sector, driven by an inflection...
Goldman Sachs has initiated coverage on Penn Entertainment (PENN) with a Buy rating and a $26 price target, suggesting approximately 23% upside from recent closing levels. Analyst Lizzie Dove identifies the stock as a compelling risk/reward opportunity within the gaming sector, driven by an inflection...
Goldman Sachs (GS) is projected to generate over $5 billion in equities trading revenue for the second quarter of 2026, according to a recent media report. This figure represents another blockbuster performance for the bank's trading division, with executives suggesting the total could potentially exceed...
Goldman Sachs analysts have identified several stocks as well-positioned for growth in the current market environment, highlighting Nvidia, Samsara, BrightSpring Health Services, Ulta Beauty, and Johnson & Johnson. The bank emphasizes that these companies offer a mix of defensive qualities and significant upside potential, with...
Goldman Sachs shares fell more than 2% in premarket trading on Monday despite reporting a first-quarter earnings and revenue beat, with earnings per share of $17.55 and revenue of $17.23 billion, both exceeding consensus estimates. However, the bank's fixed income, currencies, and commodities unit saw...
Institutional investors have made mixed moves regarding The Goldman Sachs Group, Inc. (GS) in the first quarter of 2026. ABN AMRO Bank N.V. significantly reduced its position by 44.2%, selling 925 shares to hold a remaining stake worth $994,000. Conversely, major asset managers increased their...
Goldman Sachs (GS) stock recently closed at $1,019.61, reflecting a 50.6% gain over the past year despite a 7.0% pullback in the last week. The article analyzes whether this valuation is justified using Simply Wall St's proprietary models, noting that while short-term returns are strong,...
Goldman Sachs strategists, led by Ben Snider, have identified the upcoming second-quarter earnings season as a critical test for U.S. equities. The firm notes that corporate profit growth has been the primary driver of S&P 500 gains over the past year, making current results a...
Goldman Sachs strategists have identified investment-grade bond puts as the most effective hedges against a potential renewed shock in interest rates, driven by increased uncertainty surrounding Federal Reserve policy under new Chairman Kevin Warsh. The bank's note highlights that while lower oil prices have alleviated...
Goldman Sachs is issuing a cautionary note to investors regarding AI stocks, arguing that while headline profits remain strong, the rising costs of maintaining competitiveness are becoming a significant headwind. The firm suggests that the simple narrative of AI spending driving earnings is complicated by...
MML Investors Services LLC increased its stake in The Goldman Sachs Group, Inc. (GS) by 7.3% in the fourth quarter, purchasing an additional 6,731 shares to bring its total holding to 98,479 shares valued at approximately $86.56 million. This move reflects continued institutional interest alongside...
Goldman Sachs strategist John Flood recently stated that the recent sharp decline in major stock indices is not a warning sign of a deeper market breakdown but rather a potential buying opportunity. Despite the S&P 500 dropping 2.64% and the Nasdaq falling 4.18% on June...
Goldman Sachs has revised its forecast regarding the Federal Reserve's interest rate policy, pushing expected cuts into 2027 due to a resilient U.S. labor market. The bank now anticipates two rate reductions in June and December 2027, shifting from previous expectations of cuts in late...
