GS

Goldman Sachs Group Inc. GS logo

NYSE Financials

$1,065.59

-28.46 (-2.60%)

Updated: 7/17/2026, 8:55:00 PM

Open

$1071.64

High

$1093.91

Low

$1049.90

Prev Close

$1095.46

Volume

1.71M

Price History

Why Is GS ▼ Down Today?

-2.60%

Goldman Sachs Shares Pull Back Following Post-Earnings Rally and Broader Market Weakness

Goldman Sachs (GS) shares declined by 2.598% today, underperforming its sector, as the stock experienced a pullback after a significant rally earlier in the week driven by strong Q2 2026 earnings. Despite reporting record Q2 results that beat expectations, the stock saw profit-taking. Broader market concerns also contributed to the downward pressure.

Key Drivers

Profit-Taking Post-Earnings

After a substantial surge following its record Q2 2026 earnings beat, investors likely engaged in profit-taking, leading to a correction in the stock price.

Broader Market Concerns

General market weakness, influenced by a Federal Reserve warning and narrow S&P 500 earnings growth, added to the negative sentiment for financial stocks like GS.

Analyst Target Adjustment

BMO Capital lowered its price target on Goldman Sachs to $1,150 from $1,190, maintaining a Market Perform rating, which may have weighed on investor sentiment.

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Generated by Highly Regarded's proprietary market analysis engine. Not financial advice.

Jul 17 ▼ -2.6% Goldman Sachs Shares Pull Back Following Post-Earnings Rally and Broader Market Weakness

Jul 16 ▼ -4.9% Goldman Sachs Shares Retreat After Strong Earnings Rally

Jul 15 ▲ +1.0% Goldman Sachs Rises on Strong Q2 Earnings and Positive Financial Sector Trends

Jul 14 ▲ +8.9% Goldman Sachs surges nearly 9% on strong Q2 earnings report

Jul 13 ▼ -0.9% Goldman Sachs Dips Ahead of Q2 Earnings Amid Sector Caution

Jul 10 — -0.1% Goldman Sachs Dips Slightly Amid Broader Bank Downgrade Concerns

Jul 9 ▲ +2.6% Goldman Sachs Rises, Outperforming Sector Amidst Bank Stock Concerns

Jul 8 ▼ -1.4% Goldman Sachs Declines Modestly, Outperforming Sector

Jul 7 ▼ -1.2% Goldman Sachs shares dip, underperforming financial sector

Jul 6 ▲ +3.4% Goldman Sachs Outperforms Sector with Over 3% Gain

Jul 3 — +0.0% Goldman Sachs (GS) Trading Halted for Independence Day Holiday

Jul 2 — +0.0% Goldman Sachs Posts Marginal Gain Amid Stronger Sector Performance

Jul 1 ▲ +0.8% Goldman Sachs edges up on dividend hike and rebounding investment banking fees

Jun 30 ▼ -0.9% Goldman Sachs Dips Slightly Amid Broader Financial Sector Weakness

Jun 29 — +0.0% Goldman Sachs posts slight gain, underperforming sector average

Mar 31 ▲ +1.9% Goldman Sachs (GS) Climbs on Regulatory Outlook and M&A Optimism

Mar 30 ▲ +0.5% Goldman Sachs (GS) Up Slightly Amidst Regulatory Tailwinds

Mar 27 ▼ -2.6% Goldman Sachs (GS) Down Amid Market Selloff and Geopolitical Concerns

Mar 26 ▼ -2.3% Goldman Sachs (GS) Down Amidst Sector Weakness and Bearish Signals

Mar 25 ▲ +0.7% Goldman Sachs (GS) Up Slightly Amid Mixed Signals

Mar 24 ▲ +1.7% Goldman Sachs (GS) Climbs on Optimism for M&A Surge

Mar 23 ▲ +2.2% Goldman Sachs (GS) Climbs Amid Broader Financial Sector Gains

Mar 20 ▲ +0.5% Goldman Sachs (GS) edges up amid recession warnings and sector-wide gains.

Mar 19 ▲ +0.5% Goldman Sachs (GS) Up Slightly Despite Recession Fears

Mar 18 ▼ -0.2% GS dips slightly amid sector weakness and economic concerns

Mar 17 ▲ +1.5% Goldman Sachs (GS) Up on Market Rally and Analyst Optimism

Mar 16 ▲ +1.5% Goldman Sachs (GS) Climbs on Analyst Support, Private Credit Initiatives

Mar 13 ▼ -0.7% GS dips slightly amid sector weakness and private credit concerns

Mar 12 ▼ -4.4% Goldman Sachs (GS) Down on Risk-Off Sentiment and Private Credit Concerns

Mar 11 ▼ -1.3% Goldman Sachs (GS) Down Amidst Financial Sector Pressures

Financial Highlights

Income Statement

Revenue

$58.70B

Gross Profit

N/A

Operating Income

$21.25B

36.2% margin

Net Income

$16.67B

28.4% margin

EPS (Diluted)

$49.22

Balance Sheet

Total Assets

$1.81T

Total Liabilities

$1.68T

Stockholders' Equity

$124.40B

Cash Flow

Operating Cash Flow

$17.89B

Investing Activities

-$46.31B

Net Cash Flow

$13.11B

Highly Regarded Analysis

Updated Jul 17, 2026 • Refreshes daily

Rating

HODL

Risk

Medium

Target

$1,170.31

Type

Standard

Executive Summary

The Goldman Sachs Group Inc. (GS) is a leading global investment bank and financial services company headquartered in New York City. The firm provides a wide range of services including investment banking, securities, and investment management to a diverse client base comprising corporations, financial institutions, governments, and individuals. Goldman Sachs recently reported strong second-quarter 2026 earnings, demonstrating significant revenue and earnings per share growth, primarily driven by robust deal activity and strong capital markets performance.

Bull Case

The bull case for GS is supported by expectations of continued robust performance in investment banking fees and global markets, driven by improving M&A activity, IPO issuance, underwriting, and resilient trading income. The company's ongoing diversification into fee-based businesses like asset and wealth management is expected to lead to more durable margins. Furthermore, its current valuation appears favorable on a price-to-earnings basis compared to its peers and the broader market. Investments in technology could also contribute to an improved compensation ratio over time. Key potential catalysts include leading the OpenAI IPO and securing significant new mandates in Asset & Wealth Management.

Bear Case

The bear case suggests that Goldman Sachs faces risks from a potential economic slowdown and declining revenue due to regulatory reforms or interest rate declines. The firm's continued reliance on volatile investment banking and market-making activities exposes it to significant fluctuations. There is a risk that elevated trading revenues could normalize or decline in a less volatile or 'risk-off' market environment. Additionally, some analyses indicate that the stock's discounted cash flow (DCF) fair value might be below its current share price, implying potential overvaluation based on modest future growth expectations. Forecasted annual revenue growth of 1.9% and earnings growth of 1.7% are also lower than broader U.S. market expectations.

Technical Outlook

As of July 14, 2026, Goldman Sachs stock was observed to be consolidating around $1,047 within a symmetrical triangle pattern. A breakout above $1,067 could target $1,096 and potentially $1,123. Conversely, a close below $1,029 might expose the 200-period Exponential Moving Average (EMA) at $1,014. Prior to its Q2 earnings release, technical indicators suggested mounting bullish exhaustion, with signs of bearish RSI divergence and weakening momentum, indicating a potential for a multi-week mean reversion decline unless the stock decisively breaks above the $1,095.90 resistance level.

Fundamental Health

Goldman Sachs demonstrated strong fundamental health in Q2 2026, reporting net revenues of $20.34 billion and net earnings of $6.63 billion, with diluted earnings per common share (EPS) of $20.98. The company achieved annual revenue growth of 39% and EPS growth of 92%, largely driven by a 53% increase in its global banking and markets business. Year-over-year, EPS rose by 27%, and net income increased by 21%. Its P/E ratio of 16.44 appears attractive when compared to the industry average and peers. The firm also raised its quarterly dividend from $4.50 to $5.00 and maintains a healthy CET1 ratio of 12.9%, signaling a strong balance sheet and commitment to capital returns.

Key Catalysts

Improving M&A activity, IPO issuance, and underwriting volume.
Performance of Global Banking & Markets and Asset & Wealth Management segments.
Macroeconomic developments, including interest rate expectations and geopolitical stability.
Progress and impact of Artificial Intelligence (AI) on financial markets and potential dealmaking.
Central bank policy shifts, particularly easing cycles.

Sources

globaldata.com wikipedia.org vault.com morningstar.com seekingalpha.com goldmansachs.com tradingkey.com seekingalpha.com fullratio.com simplywall.st google.com public.com gs.com gs.com barchart.com

This analysis was conducted by Highly Regarded's proprietary market analysis engine. It is not financial advice. Always do your own research and consult a financial advisor before making investment decisions.