Goldman Sachs Group, Inc.

Goldman Sachs Group, Inc.

GS

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Market Cap$314.25B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Goldman Sachs Group, Inc.Goldman Sachs Group, Inc.241.6%17%2.66.5

Earnings Call Q2 2026

July 14, 2026 - AI Summary

Record quarter across the franchise (and strong profitability metrics) - Q2 results (record): $20.3bn revenues, EPS $20.98, ROE 23.5%, ROTE 25.5%. - ROE/efficiency: first-half efficiency ratio 58.8%, improved ~320 bps YoY (implies strong operating leverage). - FICC & equities momentum: FICC net revenues $4.6bn (+32% YoY); Equities net revenues $7.4bn (record; +~86% implied by Q asks / management context, with strong activity). - Investment banking: Advisory revenues $1.4bn (+17% YoY) driven by higher completed volumes; overall Global Banking & Markets revenues $15.5bn (record).
Investment banking “flywheel” is accelerating (largest upside lever) - Deal activity surge: large-cap corporate M&A volumes up 90% in 1H 2026. - Leadership + backlog: backlog is now highest in 5 years (2nd highest on record), supported by record advisory backlog. - Scale in underwriting: Equity underwriting revenues $985m (+130% YoY); Debt underwriting $1.0bn (+75% YoY) with strongest leveraged/asset-backed activity. - Advisory-to-other businesses spillover (key “multiplier effect” narrative): management emphasized that advisory trust pulls financing, risk management, capital markets and wealth opportunities earlier into engagements.
AI infrastructure cycle is a major catalyst—management expects it to continue (but not smoothly) - Theme: AI buildout is “multi-year” and expanding from core tech into infrastructure, energy, data centers, creating financing/structuring/capital markets demand across public and private markets. - Outlook tone: they believe the firm is in the early innings of the AI cycle and expect elevated strategic activity and financing/capital formation to persist. - Durability caveat (important): CEO said cycles don’t go in a straight line—possible bump/recalibration over 6–18 months is possible due to uncertainty about infrastructure pricing, adoption, and demand; however they’re confident over a 3–5 year horizon and disciplined return expectations.

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$1048.88

Target Price by Analysts

1.5% downsideGoldman Sachs Group Target Price DetailsTarget Price
$61.10

Current Fair Value

94.3% downside

Overvalued by 94.3% based on the discounted cash flow analysis.

Share Statistics

Market cap$314.25 Billion
Enterprise Value$923.25 Billion
Dividend Yield$17.00 (1.60%)
Earnings per Share$51.95
Beta1.29
Outstanding Shares300,100,000

Return

Return on Equity17.05%ROE
Return on Assets0.99%
Return on Invested Capital1.61%

Valuation & Multiples

P/E Ratio24.01P/E Ratio
PEG30.77PEG
Price to Sales2.6Price to Sales
Price to Book Ratio2.6Price to Book Ratio
Enterprise Value to Revenue7.5
Enterprise Value to EBIT34.06
Enterprise Value to Net Income44
Total Debt to Enterprise0.86
Debt to Equity6.47Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 15, 2026
EPS Estimate
$13.66
Average shareholder expectation
Revenue Estimate
$15.65 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 13, 2026
EPS Estimate
$14.06
Average shareholder expectation
Revenue Estimate
$17.15 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000▼ 88.84%
Total Calls-▼ 100.00%
Total Puts-▼ 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %0.47%▼ 70.17%
Total Invested$1.44B▼ 99.19%
Investors Holding227▼ 2860.00%

ESG Score

No data

About Goldman Sachs Group, Inc.

40,500 employees
CEO: David Solomon

Relevant Senate Committees

Joint Committee on Taxation

Assists tax-writing committees and provides official revenue estimates for tax bills, directly influencing corporate tax structures and the overall tax burden on financial markets and industries where GS operates.

Finance

Controls taxation, trade, and entitlement spending, driving corporate valuations through tax policy and impacting key sectors (healthcare, retail), directly affecting GS's clients and profitability.

Appropriations

Allocates discretionary federal spending, directly determining cash flow for programs and projects, impacting contractor order books and sectors GS finances, thereby affecting funding.

Agriculture, Nutrition, and Forestry

Oversees the CFTC and derivatives/futures markets, and defines cryptocurrencies as digital commodities, directly regulating critical areas for GS's trading and market activities.

Judiciary

Oversees antitrust laws and intellectual property; critical for M&A arbitrage strategies and merger approvals, directly impacting GS's investment banking activities.

Banking, Housing, and Urban Affairs

Regulates the entire financial system, including the Fed and SEC, making it the primary regulator for bank capital requirements, cryptocurrency, and real estate, directly impacting GS.

Budget

Drafts the budget resolution, influencing the macroeconomic environment, sovereign debt levels, and overall financial market conditions, which are critical for GS.

Select Committee on Intelligence

Members receive classified briefings on global threats, creating significant potential for non-public material information impacting defense, cybersecurity, and biotech stocks, directly relevant for GS's market activities.

Foreign Relations

Guides U.S. foreign policy, treaties, and sanctions legislation, directly impacting global markets, international banking access, and client operations for a global firm like GS.