The Goldman Sachs Group (NYSE:GS) Posts Quarterly Earnings Results, Beats Estimates By $4.15 EPS

Key Points

• Goldman Sachs reported $17.01 in quarterly EPS, beating the $12.86 consensus estimate by $4.15. Revenue reached $18.68 billion, above expectations of $16.83 billion, with a 19.16% return on equity and 15.53% net margin.
• Shares opened down 0.2% at $893.45, below their 50-day and 200-day moving averages. Analysts maintain a consensus “Hold” rating with an average price target of $1,055.09.
• The outlook includes potential support from investment banking, asset management and a projected increase in equity issuance, while weaker trading activity, higher borrowing costs and cautious lending to leveraged AI projects remain risks.

The Goldman Sachs Group (NYSE:GS - Get Free Report) issued its quarterly earnings results on Tuesday. The investment management company reported $17.01 earnings per share for the quarter, beating analysts' consensus estimates of $12.86 by $4.15, FiscalAI reports. The Goldman Sachs Group had a return on equity of 19.16% and a net margin of 15.53%. The business had revenue of $18.68 billion during the quarter, compared to the consensus estimate of $16.83 billion.

The Goldman Sachs Group Stock Down 0.2%

NYSE:GS opened at $893.45 on Tuesday. The firm has a market capitalization of $260.15 billion, a PE ratio of 13.79, a price-to-earnings-growth ratio of 0.98 and a beta of 1.29. The stock has a 50 day moving average of $987.67 and a 200-day moving average of $988.75. The Goldman Sachs Group has a 52 week low of $740.01 and a 52 week high of $1,153.99. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 3.17.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Evercore restated an "outperform" rating on shares of The Goldman Sachs Group in a research note on Monday, July 6th. Loop Capital set a $1,050.00 price objective on shares of The Goldman Sachs Group in a report on Thursday. Morgan Stanley set a $1,145.00 target price on shares of The Goldman Sachs Group in a research note on Wednesday, July 15th. Weiss Ratings lowered shares of The Goldman Sachs Group from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday. Finally, HSBC increased their target price on shares of The Goldman Sachs Group from $995.00 to $1,007.00 and gave the stock a "hold" rating in a report on Monday, September 28th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $1,055.09.

Key The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman’s earnings report is expected to benefit from strong year-over-year growth and continued momentum in investment banking and asset management. Shares edged higher after hours ahead of the release, while analysts are looking for the company to provide evidence that its broader earnings recovery remains intact. Goldman Sachs, Morgan Stanley have earnings momentum and are reporting this week
• Positive Sentiment: Goldman Sachs has turned more bullish on global equities, upgrading its outlook to overweight on attractive valuations and resilient earnings growth. The bank remains constructive on U.S. and Asian markets, which could support client activity and market-related revenue, although higher rates and energy prices remain risks. Goldman Sachs turns bullish on stocks
• Neutral Sentiment: The bank is also expected to discuss expectations for a potentially large U.S. equity-issuance pipeline in 2027. Strong corporate financing demand could benefit Goldman’s underwriting business, but increased stock supply may pressure market valuations. Goldman Sachs sees $600 billion in U.S. equity issuance
• Negative Sentiment: Wall Street banks are expected to post their weakest trading results of the year after a record second quarter. A slowdown in trading, softer deal activity and falling earnings estimates could weigh on GS if the company does not exceed reduced expectations. Goldman and JPMorgan report on trading slowdown
• Negative Sentiment: Investors are concerned that rising government borrowing costs could increase funding expenses and curb lending, mergers and acquisitions, and capital-markets activity across the banking sector. Goldman Sachs earnings preview
• Negative Sentiment: A report that Goldman and JPMorgan are proceeding cautiously on a proposed $5 billion Volta AI loan offering raises questions about underwriting risk and the pace of financing for highly leveraged AI infrastructure projects. Goldman and JPMorgan approach Volta AI loan cautiously

The Goldman Sachs Group Company Profile

The Goldman Sachs Group, Inc is a global financial services company headquartered in New York City. Founded in 1869, the firm provides services to corporations, financial institutions, governments, individuals and other clients through its investment banking, markets, asset management and wealth management businesses.

Goldman Sachs advises clients on mergers and acquisitions, financing and other strategic transactions, and facilitates trading in equities, fixed income, currencies and commodities.

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