Earnings summaries and quarterly performance for GOLDMAN SACHS GROUP.
Executive leadership at GOLDMAN SACHS GROUP.
Board of directors at GOLDMAN SACHS GROUP.
David Viniar
Lead Independent Director
Ellen Kullman
Director
Jan Tighe
Director
John Hess
Director
KC McClure
Director
Kevin Johnson
Director
Kimberley Harris
Director
Lakshmi Mittal
Director
Mark Flaherty
Director
Michele Burns
Director
Peter Oppenheimer
Director
Thomas Montag
Director
Research analysts who have asked questions during GOLDMAN SACHS GROUP earnings calls.
Betsy Graseck
Morgan Stanley
4 questions for GS
Devin Ryan
Citizens JMP
4 questions for GS
Ebrahim Poonawala
Bank of America Securities
4 questions for GS
Gerard Cassidy
RBC Capital Markets
4 questions for GS
Chinedu Bolu
Autonomous Research
3 questions for GS
Daniel Fannon
Jefferies Financial Group Inc.
3 questions for GS
Glenn Schorr
Evercore ISI
3 questions for GS
Michael Mayo
Wells Fargo
3 questions for GS
Saul Martinez
HSBC
3 questions for GS
Steven Chubak
Wolfe Research
3 questions for GS
Brennan Hawken
UBS Group AG
2 questions for GS
Erika Najarian
UBS
2 questions for GS
Christopher McGratty
Keefe, Bruyette & Woods
1 question for GS
Dan Fannon
Jefferies & Company Inc.
1 question for GS
James Mitchell
Seaport Global Holdings LLC
1 question for GS
Matthew O'Connor
Deutsche Bank
1 question for GS
Mike Mayo
Wells Fargo
1 question for GS
Recent press releases and 8-K filings for GS.
- Global gold likely to gain $50/oz weekly, trading near $4,330–$4,340/oz after an early-week rally
- Softer U.S. inflation (CPI 2.7% y/y) underpins bets on multiple Fed rate cuts, supporting bullion
- Strong silver rally (+128% ytd) driven partly by heavy call-option hedging (“gamma squeeze”)
- Goldman Sachs projects gold to reach $4,900/oz by December 2026, a ~14% rise
- Executed a tolling agreement with a Fortune 500 company for the 150 MW/300 MWh Gunnar Reliability Project in Hidalgo County, Texas.
- Construction has commenced, with commercial operations expected by the end of 2026.
- During construction, the project will sustain over 100 jobs; once online, it will provide power equivalent to serving 95,000 average Texas households at peak demand.
- This will be GridStor’s second Texas facility following the 220 MW Hidden Lakes project; the company’s development pipeline exceeds 3 GW of battery storage across the U.S.
- Socure appointed Matthew Thompson as President & Chief Commercial Officer to steer its global expansion and AI-driven identity platform strategy.
- Under Thompson’s prior role as Chief Revenue Officer, Socure delivered 51% year-over-year Q3 revenue growth, sustained 10 months of profitability, and approaches $300 M in ARR, with >130% net dollar retention and six consecutive quarters of target outperformance.
- Thompson will lead integration of Effectiv and Qlarifi platforms and drive international growth, with over one-third of Q3 deals closed outside the U.S..
- He brings nearly two decades of digital identity expertise—co-founding ID.me, leading IDEMIA’s North America identity business, contributing to Capital One’s identity services, and holding three patents—backed by an MBA from Harvard Business School.
- Harness raised a $240 million Series E financing round led by Goldman Sachs Alternatives: $200 million new investment and a $40 million tender offer, valuing the company at $5.5 billion.
- The funding will accelerate development of Harness AI and expand its unified software delivery platform and global go-to-market efforts.
- Harness is on track to surpass $250 million ARR in 2025 with 50%+ YoY growth, and over the past 12 months powered 128 million deployments, 81 million builds, 1.2 trillion API calls, and $1.9 billion in cloud spend optimization.
- The platform serves 1,000+ enterprise customers, and Harness has grown to 1,200+ employees across 14 offices worldwide.
- Resilient 2026 outlook: Goldman Sachs views the U.S. economy as resilient, expecting a Fed pause after a 25 bp hike and two rate cuts next year, and will focus on executing its One Goldman strategy across global banking, markets, and asset & wealth management.
- Robust M&A momentum: The firm has advised on $1.5 trillion of M&A transactions YTD—the second-largest year on record—and sees sponsor-led volumes up 40%, underpinning a positive investment banking outlook.
- Capital Solutions Group growth: One year in, the Group has unified debt/equity underwriting, derivatives, and sponsor coverage to capture private markets and structured financing opportunities, driving growth in jumbo financings.
- Asset & Wealth Management expansion: With $3.5 trillion AUM, Goldman raised a record $33 billion in alternatives in Q3 and now targets over $100 billion in full-year alts fundraising, while scaling its ultra-high-net-worth franchise.
- 1GS 3.0 efficiency initiative: The firm launched a data- and AI-driven program across six work streams to reengineer processes, enhance scalability, and reinvest efficiency gains for sustainable growth.
- Goldman Sachs expects a resilient U.S. economy with a likely Fed pause in early 2026, and is focused on executing its “One Goldman Sachs” plan to drive scale and client synergies through targeted investments.
- The firm advised on over $1.5 trillion of M&A transactions YTD—poised for its second-largest year ever—retaining the #1 M&A market share for 20 years; sponsor‐led deals are up 40%, and equity underwriting activity remains positive heading into 2026.
- Asset & Wealth Management oversees $3.5 trillion in assets, including $567 billion in alternatives with a record $33 billion raised in Q4 2025; its ultra-high-net-worth business holds $1.8 trillion in client assets (avg. $75 million/account).
- The Capital Solutions Group, now one year old, unifies debt/equity underwriting, structured finance, sponsor coverage and alternative asset manager origination—driving growth in large financing transactions and FICC financing backed by CRE, private credit and other collateral under rigorous LTV and covenant standards.
- With significant excess capital under current SLR and CCAR rules, GS prioritizes accretive client franchise investments, dividend growth and shareholder returns, including strategic bolt-on acquisitions such as Innovator Capital Management and Industry Ventures.
- Goldman Sachs sees resilient US economy, expects Fed to pause early 2026 then enact two rate cuts, underpinning its strategic execution plan.
- The firm retains the #1 global M&A franchise, advising on $1.5 trillion of announced deals YTD and targeting strong 2026 momentum.
- The one-year-old Capital Solutions Group has centralized financing, sponsor coverage, and structured solutions to drive jumbo transactions and growth.
- Post-CCAR and SLR outcomes leave Goldman with significant excess capital, prioritized for client-facing investments (M&A financing, wealth lending) and shareholder returns.
- Asset & Wealth Management boasts $3.5 trillion AUM, including $567 billion in alternatives and $1.8 trillion ultra-HNW assets, focusing on market share gains, tech upgrades, and record fundraising.
- Goldman Sachs agreed to acquire Innovator Capital Management for approximately $2 billion, with closing expected in Q2 2026.
- The deal expands Goldman’s asset management division by adding defined-outcome ETFs that use options-based strategies for income and downside protection.
- Innovator oversees $28 billion across 159 ETFs and its team of over 60 employees will join Goldman Sachs post-closing.
- Transaction consideration will be paid in cash and equity, contingent on performance targets, and aligns with Goldman’s push to grow fee-based asset and wealth management.
- Figure filed a registration statement on Form S-1 with the SEC for the proposed offering of its Series A Blockchain Common Stock, a blockchain-native equity security convertible one-for-one into Class A common stock tradable on its alternative trading system.
- The non-dilutive offering involves existing Class A shares sold to Goldman Sachs & Co. LLC, Morgan Stanley and Cantor as underwriters, with Figure repurchasing and holding equivalent shares for conversions and exchanges.
- The Blockchain Stock will settle exclusively on the Provenance Blockchain, trade 24x7x365, use $YLDS stablecoin for all secondary market settlement, and support transparent lending via Democratized Prime.
- The transaction introduces multiple industry firsts, including the first blockchain-native public equity security, stablecoin-only settlement, and direct on-chain governance.
- Goldman expects the S&P 500 to return 6.5% annually over the next decade, driven by 6% EPS growth, a 1% valuation decline, and a 1.4% dividend yield.
- The firm recommends diversification toward emerging markets and Asia, citing stronger nominal GDP growth, structural reforms, and broad-based AI benefits versus U.S. equities.
- Scenario analysis shows potential 10.5% annual returns if growth and margins outperform, but risks could lower returns to 3.6% amid margin compression or economic shocks.
- Despite current high valuations and U.S. tech dominance, future gains may be limited without new ‘superstar’ companies to sustain profitability.
Quarterly earnings call transcripts for GOLDMAN SACHS GROUP.
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