Why Goldman Sachs Group stock moves
Goldman Sachs Group fell sharply without company news.
Written after the close on ·
Why today
16,437 news analyzed todayGoldman Sachs Group fell sharply without company news.
The S&P 500 also fell very sharply that day, so Goldman moved in line with the broad market.
The selloff hit Wall Street banks, and Morgan Stanley's heavy reliance on trading likely made it a driver of the broader decline.
Over the last five trading days, Goldman fell sharply and also lagged its sector ETF, which rose slightly.
Its next earnings report is due Tuesday 19 January 2027.
Today's move of −6.36% was 5.6 times a normal day's 1.1%. S&P 500 moved −4.41% on the same day.
Goldman Sachs Group −6.36%S&P 500 −4.41%Much weaker than the market
What analysts expect, and how often they have been right
Analysts’ estimates for Goldman Sachs Group.
Goldman Sachs Group earned more than expected in 8 out of 8 reports.
For comparison, about 82% of reports from US companies beat the estimate in the last three years.
The share moved in the same direction as the earnings surprise in 5 out of 8 reports with a measured move, against about 55% of reports from US companies.
Ratings
Price targets
Latest price $865.82
Earnings against expectations, and the share’s reaction
Expected EPSAbove estimateBelow estimateAs expected$
Next reported quarter: expected earnings per share of $15.78 (January 19). For the current fiscal year, expected earnings per share changed from $70.64 three months ago to $71.46 now. 2026 estimate: $71.46. 2027 estimate: $74.63.
Has the share price followed the business?
Price and earnings moved in the same direction: 2 out of 3 years. Across US companies, that happens in about 65% of years. In 2025, the price changed +54% and earnings per share +27%.
Revenue, profit and market cap
RevenueProfitMarket capHatched bars: analysts’ estimates.$B
Assets, liabilities and market cap
AssetsLiabilitiesMarket cap$B
Price and earnings moved in the same direction: 2 out of 3 years.Market cap (Now): $249.7BRevenue 2025: $58.3B
What the key figures say about Goldman Sachs Group
The figures connect what Goldman Sachs Group earns with what investors pay.
The line shows the share price in the same year, on its own scale. Hatched bars: analysts’ estimates.
Profit divided by the number of shares. Each share represents this much of the earnings.
2022–2025: $22.87–$51.32. Peers: Morgan Stanley $12.61, Charles Schwab $5.85, Robinhood Markets $2.17. 2026 estimate: $71.46 ($67.70–$74.46). 2027 estimate: $74.63 ($65.57–$80.50).
What the company sold during the year.
2022–2025: $46.3B–$58.3B. Peers: Morgan Stanley $79.8B, Charles Schwab $27.1B, Robinhood Markets $5.1B. 2026 estimate: $73.3B ($69.5B–$74.9B). 2027 estimate: $74.3B ($66.0B–$77.2B).
Profit as a percentage of shareholders’ money in the company.
2022–2025: 6.8%–13.0%. Peers: Morgan Stanley 18.0%, Charles Schwab 21.1%, Robinhood Markets 21.5%.
The price investors pay for each unit of annual earnings per share. Not shown for a loss.
2022–2025: 11.4–17.1. Peers: Morgan Stanley 14.4, Charles Schwab 15.6, Robinhood Markets 37.3. 2026 estimate: 12.1. 2027 estimate: 11.6.
What investors pay for each unit the company sells.
2022–2025: 2.43–4.47. Peers: Morgan Stanley 3.55, Charles Schwab 5.85, Robinhood Markets 14.34. 2026 estimate: 3.40. 2027 estimate: 3.36.
Money paid to shareholders per share, summed by calendar year.
2017–2025: $2.90–$14.00.
The ordinary yearly dividend as a percentage of the share price.
2022–2025: 1.6%–2.7%. Peers: Morgan Stanley 2.5%, Charles Schwab 1.4%, Robinhood Markets 0.0%.
More key figures
Market cap divided by shareholders’ equity, what remains after liabilities.
2022–2025: 0.98–2.09. Peers: Morgan Stanley 2.65, Charles Schwab 3.08, Robinhood Markets 7.29.
Cash left after investments, divided by the number of shares.
2022–2025: -$159.26–$14.81.
The percentage of assets financed by shareholders’ equity.
2022–2025: 6.9%–8.1%.
The dividend explained
A dividend is money paid to shareholders. Goldman Sachs Group paid $18.00 per share in the twelve months through November 5, 2026.
On the ex-dividend day, September 1, 2026, Goldman Sachs Group traded without the right to the $5.00 dividend. The price went from $1,025.90 to $1,002.56; including the dividend, the day's change was −1.8%. Entitlement passes from the company to shareholders on the ex-day; payment comes later.
2017: $2.902018: $3.152019: $4.152020: $5.002021: $6.502022: $9.002023: $10.502024: $11.502025: $14.002026 so far: $14.00
What followed similar falls?
Including reinvested dividends, Goldman Sachs Group fell 6.3% over the latest five trading days. Since November 4, 2016, falls at least this large were followed by a higher value 21 trading days later in 24 out of 33 non-overlapping periods. The median was +4.5%, against +1.2% for an ordinary 21-day period, which ended higher 57 times in 100.
Such a fall has not said much about the next month.
+4.5% · 24/33
What to watch next, and why
From the ex-day, Goldman Sachs Group trades without entitlement to the next dividend.
- The dividend explained
From the ex-day, Goldman Sachs Group trades without entitlement to the next dividend.
- Earnings report
The earnings report shows how Goldman Sachs Group's revenue and profit have changed.
Add to calendar
Earnings report
Next report: · Add to calendar · Google Calendar
On its last 15 report days Goldman Sachs Group usually moved about 1.9%. On a normal day it moves 1.1%.
−0.23% +9.00% −1.87% +4.63%
$10,000 in Goldman Sachs Group bought on November 7, 2016 is worth $58,900 today, with dividends reinvested.
The same amount in S&P 500 with dividends would have become $40,300.
What would $10,000 in Goldman Sachs Group be worth today? →
What would $10,000 in Goldman Sachs Group be worth today?
$58,900
with dividends reinvested, bought on November 7, 2016. The same amount in S&P 500 with dividends would have become $40,300.
At worst it was worth $7,860 (March 23, 2020).
The five biggest days of the journey
· +17.6% · the whole market rose 9.3% the same day
· +13.8% · the whole market rose 9.4% the same day
· +13.1% · the whole market rose 2.5% the same day
· −12.7% · the whole market fell 12.0% the same day
· −12.3% · the whole market fell 9.5% the same day
Earlier days
−3.21% market −2.70% Goldman Sachs Group fell clearly over the week, in line with a sharp fall in the broader U.S. market. Read →
Goldman Sachs Group fell clearly over the week, in line with a sharp fall in the broader U.S. market.
Its sector edged up, so the shares moved against it.
The main company news was that the U.S. Supreme Court agreed to review a Goldman request about bankruptcy courts overriding arbitration agreements, which likely kept attention on legal exposure.
Other items, such as limiting AI coding tools to engineers, probably mattered less for the share price.
+3.56% market +1.65% Goldman Sachs Group rose sharply without company news. Read →
Goldman Sachs Group rose sharply without company news.
It moved more than the S&P 500, which also rose sharply, and in line with its sector.
Over the last five trading days, the stock was roughly unchanged, while the S&P 500 fell slightly.
Part of the move likely reflects the broader market rebound, which Goldman Sachs itself linked to hedge unwinds and easing political uncertainty.
The latest close is well below the stock's high from mid July but well above its low from mid November last year.
+0.47% market −0.48% Goldman Sachs Group rose, against a slightly falling market. Read →
Goldman Sachs Group rose, against a slightly falling market.
Its move was an ordinary one for the stock, and no company news clearly explains it.
Over the last five trading days the shares were roughly unchanged, while the S&P 500 fell clearly, so the stock held up better than the market.
The Financial Services sector ETF, a fund tracking financial stocks, rose sharply, so the stock lagged its sector.
−3.58% market −1.77% Goldman Sachs Group fell, moving well beyond the broader market's drop. Read →
Goldman Sachs Group fell, moving well beyond the broader market's drop.
The S&P 500 also fell sharply that session, so much of the decline matched the market, while the Financial Services sector ETF fell clearly.
No company news from the last session explains the move; the Goldman research on AI and jobs came out after trading closed, so it cannot be its cause.
Over the last five trading days, the stock rose slightly while the S&P 500 fell slightly, so it moved against the market over the week.
The likeliest reason for the sharp drop is the general market selloff, with its size partly tied to weakness across financial stocks.
+2.15% market −0.56% Goldman Sachs Group rose slightly over the week's trading days. Read →
Goldman Sachs Group rose slightly over the week's trading days.
The S&P 500 fell slightly over the same days, so the stock moved against the market.
Its Financial Services sector ETF rose slightly, and Goldman moved more than that sector.
Its next earnings report is on Tuesday 19 January 2027.
+0.28% market −0.38% Goldman Sachs Group barely moved, staying roughly flat. Read →
Goldman Sachs Group barely moved, staying roughly flat.
Goldman Sachs Group was roughly unchanged in the last session, while the S&P 500 fell slightly and the Financial Services sector ETF rose sharply.
The move was an ordinary one for this stock, within its usual daily range.
No company news from that session explains it.
Over the last five trading days the stock rose clearly, moving more than both the market and its sector.
+2.07% market +0.56% Goldman Sachs Group rose, moving more than the broad market. Read →
Goldman Sachs Group rose, moving more than the broad market.
Over the same day the S&P 500 also rose clearly, so the move was partly in step with the market.
The Financial Services sector ETF, a fund that tracks the sector, fell slightly, so Goldman moved against its sector.
Goldman Sachs Group also rose clearly over the last five trading days, while the S&P 500 and the sector were roughly flat.
The news from the last session came out after trading had closed, so it could not have caused that day's rise.
−0.63% market −0.43% Goldman Sachs Group was roughly unchanged over the last five trading days, moving less than the market. Read →
Goldman Sachs Group was roughly unchanged over the last five trading days, moving less than the market.
The S&P 500 slipped slightly over the same days, and the financial sector edged up.
Goldman's third-quarter results, published in mid-October, beat expectations and likely support the stock.
Its earnings were strong, with net revenues up 23% from a year earlier.
+2.25% market +0.53% Goldman Sachs Group rose clearly, moving more than the broader market. Read →
Goldman Sachs Group rose clearly, moving more than the broader market.
Over the last five trading days it rose clearly, moving more than the S&P 500 and in line with its sector.
The likeliest driver is the strong third-quarter earnings reported last week, which beat expectations, although the last session itself had no direct earnings catalyst.
Trading was around its usual level, and the next earnings report is due on Tuesday 19 January 2027.
Learn more · Why do stocks go up and down?