Goldman Sachs Group, Inc.
GS - Insider Information
Get informed when a big investor buys or sells
+ FollowMarket Cap$274.85B
Close$
Earnings Call Q3 2026
October 13, 2026 - AI Summary
Record profitability & revenues; charity “accelerator” distorted headline EPS
- Q3 net revenues: $18.7B (2nd highest in history); EPS: $17.01; ROE: 18.7%, ROTE: 20.5%.
- One-off item: impact of an accelerated charitable contribution (tax-efficient) — management said excluding it, Q3 EPS ≈ ~$18, and ROE/ROTE ≈ ~20% / ~21.5% (i.e., charity reduced earnings metrics by ~$1 EPS and ~1.1pp to both ROE/ROTE).
- Year-to-date: record revenues with ROE 20.7% and ROTE 22.4% (durability theme emphasized).
Markets strength + improving “durability” from financing; no obvious quarter-specific negative
- Global Banking & Markets revenues: $13.5B (2nd highest); segment ROE: 23.5% YTD.
- Advisory/IB: Advisory revenues $1.7B (record quarter, +18% YoY) driven by volume; #1 M&A with $1.5T of announced transactions YTD; backlog “highest in 5 years” at start of quarter and remains robust even after strong realizations.
- Equities: $6.4B net revenues (+72% YoY, 2nd best quarter); intermediation +52% (derivatives); financing +96% to record, supported by elevated prime balances and strength in Asia.
- FICC: essentially flat YoY; intermediation down 7% (mortgages/rates/credit) offset by currencies & commodities; financing up 14%.
- Key structural point (surprising/positive): financing is now a larger, more durable component—>40% of combined FICC & Equities revenues YTD.
Asset & Wealth Management momentum is strong and multi-year
- AWM revenues: $5.1B (+14% YoY); management & other fees $3.6B (+22% YoY, record).
- Assets under supervision: $4.1T (record), supported by $97B long-term net inflows (35th consecutive quarter of long-term inflows).
- Wealth Management: $2.1T client assets with $47B long-term net inflows; management said 2026 annualizing long-term net inflows ~12%, above their 5% target.
- Alternatives: $491B AUM/AUS (+26% YoY); third-party alternatives fundraising $37B in Q3 / $122B YTD; raised expectation of ~$150B full-year fundraising.
Exclusive for Stockcircle Pro members
Sign up
$61.10
93.4% downside
Current Fair Value
93.4% downsideOvervalued by 93.4% based on the discounted cash flow analysis.
Insider Trades
Loading insider trades…
Congress Trades
Loading congress trades…
Share Statistics
| Market cap | $274.85 Billion |
|---|---|
| Enterprise Value | $1.11 Trillion |
| Annual dividend | $17.00 |
| Dividend yield | 2.01% |
| Earnings per Share | $51.95 |
| Beta | 1.28 |
| Outstanding Shares | 296,100,000 |
Return
| Return on Equity | 17.74% |
|---|---|
| Return on Assets | 1.02% |
| Return on Invested Capital | 1.32% |
Valuation & Multiples
| P/E Ratio | 12.7 |
|---|---|
| PEG | 43.5 |
| Price to Sales | 2.23 |
| Price to Book Ratio | 0.13 |
| Enterprise Value to Revenue | 9.02 |
| Enterprise Value to EBIT | 38.78 |
| Enterprise Value to Net Income | 50 |
| Total Debt to Enterprise | 0.75 |
| Debt to Equity | 6.71 |
Revenue Sources
No data
Last Earnings Call
Report Date
October 13, 2026
EPS Estimate
$12.86
Consensus analyst estimateRevenue Estimate
$16.83 B
Consensus analyst estimateNext Earnings Call
Expected Date
January 19, 2027
EPS Estimate
$15.93
Consensus analyst estimateRevenue Estimate
$17.73 B
Consensus analyst estimateInstitutional Put/Call Ratio
Compares institutional put options with call options. At 4.06, the ratio is above 1, so institutions hold more puts than calls. That is a more cautious stance.
| Put/Call Ratio | 4.0565▲ 320.51% |
|---|---|
| Total Calls | 7,716▼ 99.94% |
| Total Puts | 31,300▼ 99.72% |
Institutional Ownership
Holdings and activity of institutional investors.
| Ownership % | 3.96%▼ 68.53% |
|---|---|
| Total Invested | $10.37B▼ 95.28% |
| Investors Holding | 1,343▼ 1967.00% |
About Goldman Sachs Group, Inc.
40,500 employees
CEO: David Solomon
The Goldman Sachs Group, Inc. stands as a premier global financial institution, delivering a comprehensive suite of services to a diverse clientele including corporations, financial entities, governments, and private individuals around t...