Company Reports

Goldman Sachs reported third-quarter 2026 earnings, generating strong $18.7 billion in net revenue (up 23%) and $17.01 in diluted EPS, both comfortably topping S&P consensus estimates even as a declining deal backlog and sequentially weakening trading results drew attention.

Goldman Sachs has reorganized its business around two core segments: global banking and markets, or GBM, and asset and wealth management, or AWM. The move reflects a push away from consumer banking, which looks appropriate after years of costly losses. Goldman is leaning into its role as a leading global investment bank, deepening its relationships with large clients and widening its base of recurring, fee-based revenue to try to mitigate the cyclicality inherent in its core business lines. We take a generally positive view of the pivot, although it's fair to point out that the combination of lower market prices, declining trading activity, and deleveraging during a downturn diminish the intended diversifying effects of those correlated business lines.

A number of news outlets, including The Wall Street Journal and Bloomberg, reported that the Goldman Sachs board is weighing changes in the executive suite, with President and COO John Waldron purportedly set to succeed CEO David Solomon in 2027 or 2028.

Bloomberg reported that Goldman Sachs has emerged as the leading bidder for alternative asset manager Palmer Square, with its $37 billion in assets under management. The move dovetails nicely with Goldman's commitment to building out its lineup of more stable, fee-based businesses.

Goldman Sachs has reorganized its business around two core segments: global banking and markets, or GBM, and asset and wealth management, or AWM. The move reflects a push away from consumer banking, which looks appropriate after years of costly losses. Goldman is leaning into its role as a leading global investment bank, deepening its relationships with large clients and widening its base of recurring, fee-based revenue to help mitigate the cyclicality inherent in its core business lines. We take a positive view of the pivot, which leverages Goldman's marquee brand and trading prowess while offering increasing exposure to the attractive wealth management business.

Goldman Sachs reported sensational second-quarter 2026 earnings, with annual revenue growth of 39% and EPS growth of 92% on the back of 53% growth in the firm's global banking and markets business. Shares surged during July 14 trading.

Goldman Sachs has reorganized its business around two core segments: global banking and markets, or GBM, and asset and wealth management, or AWM. The move reflects a push away from consumer banking, which looks appropriate after years of costly losses. Looking ahead, Goldman is leaning into its role as a leading global investment bank, deepening its relationships with large clients and widening its base of recurring, fee-based revenue to help mitigate the cyclicality inherent in its core business lines. We take a positive view of the pivot, which leverages Goldman's marquee brand and trading prowess while offering increasing exposure to the attractive wealth management business.

The Federal Reserve released its annual stress test results on June 24. With stronger results than last year, albeit in a less severe scenario, shares of the 32 tested banks generally traded upward, though the movement was muted.

Goldman Sachs reported first-quarter 2026 earnings, generating outstanding 14% revenue growth from the year-ago period and 19.8% returns on equity on the back of robust investment banking results and financing growth.

Goldman Sachs has reorganized its business around two core segments: global banking and markets, or GBM, and asset and wealth management, or AWM. The move reflects a push away from consumer banking, which looks appropriate after years of costly losses. Looking ahead, Goldman is leaning into its role as a leading global investment bank, deepening its relationships with large clients and widening its base of recurring, fee-based revenue to help mitigate the cyclicality inherent in its core business lines. We take a positive view of the pivot, which leverages Goldman's marquee brand and trading prowess while offering increasing exposure to the attractive wealth management business.

The Federal Reserve released its long-awaited proposals for a few key regulatory measures, including its proposal for the adoption of global Basel III endgame (BSE) standards and revisions to the surplus capital that global systemically important banks, or G-SIBs, must carry.

Goldman Sachs has reorganized its business around two core segments: global banking and markets, or GBM, and asset and wealth management, or AWM. The move reflects a push away from consumer banking, which looks appropriate after years of costly losses. Looking ahead, Goldman is leaning into its role as a leading global investment bank, deepening its relationships with large clients and widening its base of recurring, fee-based revenue to help mitigate the cyclicality inherent in its core business lines. We take a positive view of the pivot, which leverages Goldman's marquee brand and trading prowess while offering increasing exposure to the attractive wealth management business.

Goldman Sachs reported fourth-quarter 2025 earnings, generating outstanding 22% annual growth in its investment banking and markets business and raising its long-term targets for asset and wealth management fundraising, returns on equity, and reiterating targets for firmwide midteens ROEs.

Goldman Sachs has reorganized its business around two core segments: global banking and markets, or GBM, and asset and wealth management, or AWM. The move reflects a push away from consumer banking, which looks appropriate after years of costly losses. Looking ahead, Goldman is leaning into its role as a leading global investment bank, deepening its relationships with large clients and widening its base of recurring, fee-based revenue to help mitigate the cyclicality inherent in its core business lines. We take a positive view of the pivot, which leverages Goldman's marquee brand and trading prowess while offering increasing exposure to the attractive wealth management business.

As reported by The Wall Street Journal, Goldman Sachs has agreed to a deal with JPMorgan to sell its beleaguered Apple Card franchise, with its $20 billion in gross balances, to the US' largest bank.

Goldman Sachs announced a $2 billion acquisition of Wheaton, Illinois-based Innovator ETF, as reported by Bloomberg. Innovator boasts $28 billion in assets under management, or AUM, and has an estimated 35% to 40% market share in the quickly growing structured outcome ETF market.

The Federal Reserve released a new proposal for the bank stress-test framework and 2026 stress-test scenarios on Oct. 24.

Goldman Sachs reported third-quarter results, highlighted by a sharp acceleration in investment banking revenue as capital markets thaw. Despite quarterly outperformance, shares fell 2%-3% after the release, perhaps attributable to slowing equity trading and fixed-income financing growth.

Goldman Sachs has reorganized its business around two core segments: global banking and markets, or GBM, and asset and wealth management, or AWM. The move reflects a push away from consumer banking, which looks appropriate after years of costly losses. Looking ahead, Goldman is leaning into its role as a leading global investment bank, deepening its relationships with large clients and widening its base of recurring, fee-based revenue to help mitigate the cyclicality inherent in its core business lines. We take a positive view of the pivot, which leverages Goldman's marquee brand and trading prowess while offering increasing exposure to the attractive wealth management business.

Goldman Sachs announced the acquisition of venture capital solutions provider Industry Ventures for nearly $1 billion, with potential earnouts, on Oct. 13, the night before the release of its third-quarter 2025 earnings. Shares rose 1% to 2% in aftermarket trading.