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Goldman Sachs (GS)

Market Price (10/15/2025): $774.0 | Market Cap: $242.8 Bil
Sector: Financials | Industry: Investment Banking & Brokerage

Goldman Sachs (GS)

Market Price (10/15/2025): $774.0
Market Cap: $242.8 Bil
Sector: Financials
Industry: Investment Banking & Brokerage

Investment Highlights

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4%		 Trading close to highs
Dist 52W High is -4.4%, Dist 3Y High is -4.4%		 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 85%
1 Low stock price volatility
Vol 12M is 33%		  Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -41%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -44%
2 Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 17%		  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 6.4%
1 Low stock price volatility
Vol 12M is 33%
2 Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 17%
3 Trading close to highs
Dist 52W High is -4.4%, Dist 3Y High is -4.4%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 85%
5 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -41%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -44%

Market Valuation & Key Metrics

GSS&P 500
REVENUE GROWTHFAIR
Rev LTM ($ Bil)56.2
Rev Chg Q14.5%6.1%
Rev Chg LTM12.2%5.2%
Rev Chg 3Y Avg3.8%5.3%
PROFITABILITYGOOD
Op Inc LTM ($ Bil)�
CFO LTM ($ Bil)-22.9
CFO/Rev LTM-40.7%20.3%
Net Inc LTM ($ Bil)15.6
Net Inc Mgn27.7%12.7%
VALUATIONMODERATE
P/S4.33.2
P/CFO-10.615.7
P/FCF-9.820.6
P/E15.623.6

GS Stock

Factor Drivers of Stock Movement
The 53.3% change in GS stock from 4/15/2025 to 10/14/2025 was primarily driven by a 36.9% change in the company's P/E Multiple.

415202510142025Change
Stock Price ($)502.68770.7653.33%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)53512.0056213.005.05%
Net Income Margin (%)26.68%27.68%3.77%
P/E Multiple11.3515.5436.86%
Shares Outstanding (Mil)322.40313.702.70%
Cumulative Contribution53.22%

LTM = Last Twelve Months as of date shown
The 50.5% change in GS stock from 10/14/2024 to 10/14/2025 was primarily driven by a 23.3% change in the company's Net Income Margin (%).

1014202410142025Change
Stock Price ($)512.30770.7650.45%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)50079.0056213.0012.25%
Net Income Margin (%)22.45%27.68%23.33%
P/E Multiple15.0315.543.37%
Shares Outstanding (Mil)329.80313.704.88%
Cumulative Contribution50.09%

LTM = Last Twelve Months as of date shown
The 177.5% change in GS stock from 10/15/2022 to 10/14/2025 was primarily driven by a 154.9% change in the company's P/E Multiple.

1015202210142025Change
Stock Price ($)277.78770.76177.47%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)51044.0056213.0010.13%
Net Income Margin (%)31.70%27.68%-12.66%
P/E Multiple6.0915.54154.92%
Shares Outstanding (Mil)355.00313.7011.63%
Cumulative Contribution173.72%

LTM = Last Twelve Months as of date shown

Price Returns Compared

 202020212022202320242025Total [1]
Returns
GS Return17%48%-8%16%52%37%281%
Peers Return3%37%-14%10%34%29%132%
S&P 500 Return16%27%-19%24%23%13%103%

Monthly Win Rates [3]
GS Win Rate67%75%42%42%67%78% 
Peers Win Rate55%60%47%52%63%64% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
GS Max Drawdown-41%0%-26%-14%-2%-19% 
Peers Max Drawdown-46%-3%-30%-20%-6%-15% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: JPM, BAC, MS, C, SCHW. See GS Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/14/2025 (YTD)

Downturns Compared

Unique KeyEventGSS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-34.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven51.5%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven676 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-46.0%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven85.0%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven273 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-42.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven74.9%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven744 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-79.0%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven376.8%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven3008 days1480 days


How Low Can It Go?

Goldman Sachs's stock fell -34.0% during the 2022 Inflation Shock from a high on 11/2/2021. A -34.0% loss requires a 51.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Goldman Sachs (GS)

The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through four segments: Investment Banking, Global Markets, Asset Management, and Consumer & Wealth Management. The company's Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, and spin-offs; and middle-market lending, relationship lending, and acquisition financing, as well as transaction banking services. This segment also offers underwriting services, such as equity underwriting for common and preferred stock and convertible and exchangeable securities; and debt underwriting for various types of debt instruments, including investment-grade and high-yield debt, bank and bridge loans, and emerging-and growth-market debt, as well as originates structured securities. Its Global Markets segment is involved in client execution activities for cash and derivative instruments; credit and interest rate products; and provision of equity intermediation and equity financing, clearing, settlement, and custody services, as well as mortgages, currencies, commodities, and equities related products. The company's Asset Management segment manages assets across various classes, including equity, fixed income, hedge funds, credit funds, private equity, real estate, currencies, and commodities; and provides customized investment advisory solutions, as well as invests in corporate, real estate, and infrastructure entities. Its Consumer & Wealth Management segment offers wealth advisory and banking services, including financial planning, investment management, deposit taking, and lending; private banking; and unsecured loans, as well as accepts saving and time deposits. The company was founded in 1869 and is headquartered in New York, New York.

Interactive Breakdown

Goldman Sachs Interactive Breakdown Analysis

Better Bets than Goldman Sachs (GS)

 GSBetter Performance than GS
MetricValueIndustry (Investment Banking & Brokerage)
Rev Chg LTM12.2%MS (16.7%), SCHW (16.9%), HLI (23.3%), EVR (23.4%), MC (42.9%)
Rev Chg 3Y Avg3.8%MS (5.0%), SCHW (5.0%), RJF (8.3%), IBKR (53.4%), HLI (4.2%)
CFO/Rev LTM-40.7%MS (-28.7%), SCHW (82.3%), RJF (15.8%), IBKR (157.8%), HLI (31.5%)
FCF/Rev LTM-44.3%MS (-34.0%), SCHW (79.4%), RJF (14.4%), IBKR (157.2%), HLI (29.8%)
Total Yield6.4%RJF (6.5%), SF (7.1%), MC (7.7%)
 GSBetter Performance than GS
MetricValueAll Other Sectors
Rev Chg LTM12.2%NVDA (71.6%), MSFT (14.9%), GOOGL (13.1%), META (19.4%), AVGO (28.0%)
Rev Chg 3Y Avg3.8%NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), AMZN (11.3%), META (13.0%)
CFO/Rev LTM-40.7%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), AMZN (18.1%)
FCF/Rev LTM-44.3%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), AMZN (2.0%)
Total Yield6.4%XOM (9.9%), JNJ (7.6%), BABA (38.7%), UNH (8.9%), KO (7.1%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Why Goldman Sachs Stock Moved: GS Stock Has Gained 139% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)  
2Goldman Sachs (GS) Valuation Ratios ComparisonFinancials 
3GS Dip Buy Analysis  
4Day 8 of Gains Streak for Goldman Sachs Stock with 13% Return (vs. 25% YTD) [6/30/2025]  
5Day 8 of Gains Streak for Goldman Sachs Stock with 13% Return (vs. 25% YTD) [6/30/2025]  
6Day 7 of Gains Streak for Goldman Sachs Stock with 11% Return (vs. 22% YTD) [6/27/2025]  
7Day 6 of Gains Streak for Goldman Sachs Stock with 10% Return (vs. 21% YTD) [6/26/2025]  
8Day 5 of Gains Streak for Goldman Sachs Stock with 5.5% Return (vs. 18% YTD) [6/25/2025]  
9GS YTD Stock Return Of 8.1% Outperforms BAC by 6.8% and Underperforms SCHW by -12%Return 
10Goldman Sachs Total Shareholder Return (TSR): 52.0% in 2024 and 17.5% 3-yr compounded annual returns (above peer average)  
11ARTICLES  
12Large Cap Stocks Trading At 52-Week High September 23rd, 2025
13Large Cap Stocks Trading At 52-Week High September 22nd, 2025
14S&P 500 Stocks Trading At 52-Week High August 15th, 2025
15Large Cap Stocks Trading At 52-Week High August 15th, 2025
16S&P 500 Stocks Trading At 52-Week High July 26th, 2025
Title
0DASHBOARDS
1Large Cap Stocks Trading At 52-Week High
2Large Cap Stocks Trading At 52-Week High
3S&P 500 Stocks Trading At 52-Week High
4Large Cap Stocks Trading At 52-Week High
5S&P 500 Stocks Trading At 52-Week High
6ARTICLES
7Why Goldman Sachs Stock Moved: GS Stock Has Gained 139% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
8Goldman Sachs (GS) Valuation Ratios Comparison
9GS Dip Buy Analysis
10Day 8 of Gains Streak for Goldman Sachs Stock with 13% Return (vs. 25% YTD) [6/30/2025]
11Day 8 of Gains Streak for Goldman Sachs Stock with 13% Return (vs. 25% YTD) [6/30/2025]
12Day 7 of Gains Streak for Goldman Sachs Stock with 11% Return (vs. 22% YTD) [6/27/2025]
13Day 6 of Gains Streak for Goldman Sachs Stock with 10% Return (vs. 21% YTD) [6/26/2025]
14Day 5 of Gains Streak for Goldman Sachs Stock with 5.5% Return (vs. 18% YTD) [6/25/2025]
15GS YTD Stock Return Of 8.1% Outperforms BAC by 6.8% and Underperforms SCHW by -12%
16Goldman Sachs Total Shareholder Return (TSR): 52.0% in 2024 and 17.5% 3-yr compounded annual returns (above peer average)

Trade Ideas

Select past trade ideas related to GS and Investment Banking & Brokerage.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-7.3%-7.3%-12.3%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		2.2%2.2%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		3.2%3.2%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-1.2%-1.2%-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		15.3%15.3%0.0%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
HLNE_9302025_Dip_Buyer_FCFYield09302025HLNEHamilton LaneDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-7.3%-7.3%-12.3%
CNS_9302025_Dip_Buyer_ValueBuy09302025CNSCohen & SteersDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		2.2%2.2%-1.6%
JKHY_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025JKHYJack Henry & AssociatesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		3.2%3.2%-2.1%
FDS_9192025_Monopoly_xInd_xCD_Getting_Cheaper09192025FDSFactSet Research SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-1.2%-1.2%-4.9%
IBKR_9052025_Quality_Momentum_RoomToRun_10%09052025IBKRInteractive BrokersQualityQ | Momentum | UpsideQuality Stocks with Momentum and Upside
Buying quality stocks with strong momentum but still having room to run		15.3%15.3%0.0%

See Trefis Trade Ideas for more.

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1UAMYUnited States Antimony100.8%887.0%
2BITFBitfarms69.7%295.3%
3NVTSNavitas Semiconductor61.6%252.1%
4ASPIASP Isotopes58.0%210.2%
5UUUUEnergy Fuels49.1%411.3%
6GLUEMonte Rosa Therapeutics43.8%52.9%
7SSIISS Innovations International34.1%15.2%
8METCRamaco Resources34.0%439.5%
9MPMP Materials33.7%532.4%
10ORKAOruka Therapeutics33.6%41.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1BNTBrookfield Wealth Solutions-33.2%18.5%
2BNBrookfield-33.0%18.9%
3VGVenture Global-30.2% 
4ALABAstera Labs-23.8%22.0%
5HELEHelen Of Troy-23.3%-65.4%
6CORTCorcept Therapeutics-20.2%43.1%
7USNAUsana Health Sciences-19.4%-40.9%
8SRRKScholar Rock-19.2%-26.2%
9TASKTaskUs-18.8%-18.1%
10BBBYBed Bath & Beyond-18.1% 

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1000.7%389.2%
2QUREuniQure297.4%233.9%
3UAMYUnited States Antimony244.6%887.0%
4LACLithium Americas214.1%238.4%
5RGTIRigetti Computing192.1%267.8%
6USARUSA Rare Earth173.3%125889.9%
7PLUGPlug Power158.0%90.1%
8FLNCFluence Energy149.7%16.2%
9CLPTClearPoint Neuro148.6%69.2%
10SESSES AI140.2%44.7%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1ANGXAngel Studios-53.8% 
2REXREX American Resources-46.2%57.7%
3VGVenture Global-34.0% 
4LDIloanDepot-33.8%46.6%
5FLYFirefly Aerospace-31.4% 
6ALABAstera Labs-30.2%22.0%
7FWRDForward Air-29.4%-34.3%
8USNAUsana Health Sciences-29.1%-40.9%
9IDTIDT-28.9%-0.4%
10PGYPagaya Technologies-28.8%221.4%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1UAMYUnited States Antimony100.8%887.0%
2BITFBitfarms69.7%295.3%
3NVTSNavitas Semiconductor61.6%252.1%
4ASPIASP Isotopes58.0%210.2%
5UUUUEnergy Fuels49.1%411.3%
6GLUEMonte Rosa Therapeutics43.8%52.9%
7SSIISS Innovations International34.1%15.2%
8METCRamaco Resources34.0%439.5%
9MPMP Materials33.7%532.4%
10ORKAOruka Therapeutics33.6%41.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1BNTBrookfield Wealth Solutions-33.2%18.5%
2BNBrookfield-33.0%18.9%
3VGVenture Global-30.2% 
4ALABAstera Labs-23.8%22.0%
5HELEHelen Of Troy-23.3%-65.4%
6CORTCorcept Therapeutics-20.2%43.1%
7USNAUsana Health Sciences-19.4%-40.9%
8SRRKScholar Rock-19.2%-26.2%
9TASKTaskUs-18.8%-18.1%
10BBBYBed Bath & Beyond-18.1% 

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Goldman Sachs

Financials

GSJPMBACMSCSCHWMedian
NameGoldman .JPMorgan.Bank of .Morgan S.CitigroupCharles . 
Mkt Price770.76302.0850.09155.3499.8493.39127.59
Mkt Cap241.8842.4384.6245.0185.3169.7243.4
Rev LTM56,213175,656103,43561,50383,11321,62672,308
Op Inc LTM-------
FCF LTM-24,879-148,6154,550-20,941-93,68617,180-22,910
FCF 3Y Avg-27,212-56,10424,365-25,282-65,69012,247-26,247
CFO LTM-22,852-148,6154,550-17,670-87,16517,807-20,261
CFO 3Y Avg-24,836-56,10424,365-21,957-59,18212,913-23,396

Growth & Margins

GSJPMBACMSCSCHWMedian
NameGoldman .JPMorgan.Bank of .Morgan S.CitigroupCharles . 
Rev Chg LTM12.2%8.2%5.4%16.7%6.3%16.9%10.2%
Rev Chg 3Y Avg3.8%13.5%5.0%5.0%4.3%5.0%5.0%
Rev Chg Q14.5%6.7%6.0%11.3%8.1%24.8%9.7%
QoQ Delta Rev Chg LTM3.4%1.6%1.5%2.6%2.0%5.7%2.3%
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM-40.7%-84.6%4.4%-28.7%-104.9%82.3%-34.7%
CFO/Rev 3Y Avg-46.4%-32.5%24.8%-41.3%-74.6%62.9%-36.9%
FCF/Rev LTM-44.3%-84.6%4.4%-34.0%-112.7%79.4%-39.2%
FCF/Rev 3Y Avg-51.2%-32.5%24.8%-47.4%-82.8%59.6%-40.0%

Valuation

GSJPMBACMSCSCHWMedian
NameGoldman .JPMorgan.Bank of .Morgan S.CitigroupCharles . 
Mkt Cap241.8842.4384.6245.0185.3169.7243.4
P/S4.34.83.74.02.27.84.1
P/EBIT-------
P/E15.514.913.816.613.123.315.2
P/CFO-10.6-5.784.5-13.9-2.19.5-3.9
Total Yield6.4%6.7%7.2%6.0%7.7%4.3%6.6%
Dividend Yield0.0%0.0%0.0%0.0%0.0%0.0%0.0%
FCF Yield 3Y Avg-14.8%-7.4%8.7%-16.0%-56.0%9.1%-11.1%
D/E1.50.60.91.42.00.21.2
Net D/E0.9-0.5-0.81.0-1.0-0.4-0.4

Returns

GSJPMBACMSCSCHWMedian
NameGoldman .JPMorgan.Bank of .Morgan S.CitigroupCharles . 
1M Rtn-1.2%-1.1%-1.0%-0.7%0.4%-0.2%-0.8%
3M Rtn10.3%5.9%9.1%10.5%10.8%2.2%9.7%
6M Rtn53.3%30.8%33.4%42.8%57.5%21.7%38.1%
12M Rtn50.5%39.3%22.3%42.5%55.9%39.5%41.0%
3Y Rtn177.5%192.5%71.1%129.1%159.0%41.8%144.1%
1M Excs Rtn-2.5%-2.2%-1.4%-1.3%-0.4%1.0%-1.3%
3M Excs Rtn3.2%0.1%3.3%5.8%5.6%-3.5%3.3%
6M Excs Rtn31.6%7.0%15.3%21.6%37.3%-0.8%18.4%
12M Excs Rtn41.2%30.0%13.3%33.1%47.2%27.0%31.5%
3Y Excs Rtn93.9%124.3%-6.2%36.0%82.8%-50.9%59.4%

Comparison Analyses

FDIC Bank Data

Bank Loans

[valid:true, table:

FDIC Data As Of3312025
LOAN DETAILS 
All Real Estate Loans ($ Bil)29
Farm Loans ($ Bil)0
Commercial and Industrial Loans ($ Bil)27
Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil)30
Commercial Real Estate Loans not Secured by Real Estate ($ Bil)5
Commercial Real Estate Owner-Occupied ($ Bil)0
Commercial Real Estate Other Non-Farm Non-Residential ($ Bil)7
Total Net Loans ($ Bil)197
, map:[FDIC Data As Of:3312025, LOAN DETAILS:null, All Real Estate Loans ($ Bil):28.984000, Farm Loans ($ Bil):0.034000, Commercial and Industrial Loans ($ Bil):27.490000, Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil):29.752000, Commercial Real Estate Loans not Secured by Real Estate ($ Bil):4.747000, Commercial Real Estate Owner-Occupied ($ Bil):0.062000, Commercial Real Estate Other Non-Farm Non-Residential ($ Bil):6.506000, Total Net Loans ($ Bil):196.998000]]

Financials

$ Mil | FY: 12/312025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q32023Q22023Q12022Q42022Q3
Period End6/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/20239/30/20236/30/20233/31/202312/31/20229/30/2022
Filing Date8/1/20255/2/20252/27/202511/4/20248/2/20245/3/20242/23/202411/3/20238/3/20235/4/20232/24/202311/3/2022
Key Financials Quarterly            
Total Revenue14,58315,06213,86912,69912,73114,21311,31811,81710,89512,22410,59311,975
Net Income3,7234,7384,1112,9903,0434,1322,0082,0581,2163,2341,3263,069
EPS11.0314.2512.138.528.7311.675.525.523.098.873.358.35
Key Financials TTM            
Total Revenue TTM56,21354,36153,51250,96150,07948,24346,25445,52945,68746,65647,36549,411
Net Income TTM15,56214,88214,27612,17311,2419,4148,5167,8348,84510,55611,26113,870
Growth Rates Quarterly            
Total Revenue Growth14.5%6.0%22.5%7.5%16.9%16.3%6.8%-1.3%-8.2%-5.5%-16.2%-12.0%
Net Income Growth22.3%14.7%104.7%45.3%150.2%27.8%51.4%-32.9%-58.5%-17.9%-66.3%-42.9%
Margins Quarterly            
Net Income Margin25.5%31.5%29.6%23.5%23.9%29.1%17.7%17.4%11.2%26.5%12.5%25.6%
Cash & Debt            
Total Cash166,720191,712218,552178,653230,182232,502274,750280,300301,017250,279255,005292,466
Total Debt372,977360,740342,555351,304336,646329,734333,248310,983316,425326,037324,199309,467
Net Debt / (Cash)206,257169,028124,003172,651106,46497,23258,49830,68315,40875,75869,19417,001
Cash Flows Quarterly            
FCF from Operations5,672-37,23046,766-38,0606,120-28,038-28,358-25,53431,9019,404-33,16216,010
Cash Flows TTM            
FCF from Operations TTM-22,852-22,404-13,212-88,336-75,810-50,029-12,587-17,39124,15337,6468,70872,144
Returns to Shareholders Quarterly            
Dividends1,2231,1151,1531,1691,0521,1231,0651,0991,0121,0131,013997
Share Repurchases3,0004,3603,5001,0004,2001,5001,0002,5007502,5461,5001,000
Return on Invested Capital (ROIC) Quarterly            
ROIC7.2%11.2%13.3%6.9%11.4%17.0%13.7%26.8%31.6%17.1%7.7%72.2%
Return on Invested Capital (ROIC) TTM            
ROIC TTM7.5%8.8%11.5%7.1%10.6%9.7%14.6%25.5%57.4%13.9%16.3%81.6%

Segment Financials

Revenue by Segment

$ Mil20242023202220212020
Global Banking & Markets29,99632,48736,734  
Asset & Wealth Management13,88013,37621,965  
Platform Solutions2,3781,502640  
Asset Management   7,9848,965
Consumer & Wealth Management   5,9965,203
Global Markets   21,15714,779
Investment Banking   9,4237,599
Total46,25447,36559,33944,56036,546


Net Income by Segment
$ Mil20242023202220212020
Global Banking & Markets8,70311,45813,535  
Asset & Wealth Management9529798,459  
Platform Solutions-1,748-1,673-843  
Asset Management   1,7403,013
Consumer & Wealth Management   216159
Global Markets   5,7662,729
Investment Banking   1,1931,996
Total7,90710,76421,1518,9157,897


Assets by Segment
$ Mil20242023202220212020
Global Banking & Markets1,381,247    
Asset & Wealth Management191,863    
Platform Solutions68,484    
Asset Management   95,75192,102
Consumer & Wealth Management   106,42983,797
Global Markets   844,606725,060
Investment Banking   116,24292,009
Total1,641,594  1,163,028992,968


Price Behavior

GS Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta1.801.791.811.291.391.16
Up Beta1.962.192.061.141.321.13
Down Beta1.681.091.141.381.351.14
Up Capture192%194%198%190%239%216%
Bmk +ve Days13233574144420
Stock +ve Days14253575140410
Down Capture164%173%188%124%120%103%
Bmk -ve Days8192952107330
Stock -ve Days7172951111341

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity5,941,212
Short Interest: % Change Since 9152025-1.6%
Average Daily Volume1,762,880
Days-to-Cover Short Interest3.37
Basic Shares Quantity313,700,000
Short % of Basic Shares1.9%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/16/20250.9%-0.3%6.0%
4/14/20251.9%1.4%22.1%
1/15/20256.0%10.7%13.5%
10/15/2024-0.1%-0.9%13.4%
7/15/20242.6%1.1%1.2%
4/15/20242.9%3.7%16.4%
1/16/20240.7%2.2%0.3%
10/17/2023-1.6%-4.8%7.7%
...
SUMMARY STATS   
# Positive151416
# Negative9108
Median Positive1.9%2.9%7.5%
Median Negative-1.6%-3.7%-3.3%
Max Positive6.0%10.7%24.8%
Max Negative-7.0%-9.9%-5.6%

SEC Filings

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Report DateFiling DateFiling
6302025801202510-Q 6/30/2025
3312025502202510-Q 3/31/2025
12312024227202510-K 12/31/2024
93020241104202410-Q 9/30/2024
6302024802202410-Q 6/30/2024
3312024503202410-Q 3/31/2024
12312023223202410-K 12/31/2023
93020231103202310-Q 9/30/2023
6302023803202310-Q 6/30/2023
3312023504202310-Q 3/31/2023
12312022224202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022804202210-Q 6/30/2022
3312022502202210-Q 3/31/2022
12312021225202210-K 12/31/2021
93020211101202110-Q 9/30/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0WALDRON JOHN E.President and COO8292025Sell748.611,3751,029,33992,181,590Form
1SOLOMON DAVID MChairman of the Board and CEO7252025Sell712.316,6084,706,94489,876,427Form
2ROGERS JOHN F.W.Executive Vice President7252025Sell717.034,0532,906,12348,554,403Form
3COLEMAN DENIS P.Chief Financial Officer7252025Sell723.835,4553,948,49316,415,017Form
4SOLOMON DAVID MChairman of the Board and CEO5152025Sell607.175,0003,035,85080,622,461Form

Industry Resources

External Quote Links


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