GOLDMAN SACHS GROUP (GS) Company Report

On Feb. 4, 2026, Goldman Sachs’ Sustainable Investing business made a strategic investment in LearnWell to support its growth in K-12 academic and mental health services.
LearnWell delivers academic continuity and behavioral health support to over 51,000 students across 7,700 school districts, providing 629,000 annual hours of instruction.
The partnership will leverage Goldman Sachs Alternatives’ resources to expand service offerings, accelerate growth, and amplify social impact.
Harris Williams and Whiteman Osterman & Hannah served as financial and legal advisors to LearnWell; Latham & Watkins advised Goldman Sachs.

2 days ago

Press Release

Goldman Sachs issues $2.5 billion 5.387% fixed-rate reset subordinated notes due 2041

Debt Issuance

$2.5 billion aggregate principal amount of 5.387% Fixed-Rate Reset Subordinated Notes due 2041 issued under the company’s shelf registration (Form S-3) on February 2, 2026.
Notes bear interest at 5.387% per annum through February 2, 2036, then reset to the Five-Year Treasury Rate plus 1.180% (subject to a 0% floor and NY law cap).
Issuance made pursuant to the Subordinated Debt Indenture dated February 20, 2004 (as supplemented), with The Bank of New York Mellon serving as trustee.
Sullivan & Cromwell LLP opined that the notes are valid and legally binding obligations of Goldman Sachs under applicable law.

4 days ago

8-K

Goldman Sachs promotes seven to management committee

Management Change

Seven partners, predominantly from Asset & Wealth Management (AWM), were added to the senior management committee, highlighting a strategic shift toward fee-based AWM businesses overseeing ~$3.6 trillion in assets.
AWM delivered record asset growth and a 16% rise in private banking and lending revenue in 2025, and accounted for ~30% of Goldman’s post-provision revenue at year-end 2025.
The management committee expanded into the mid-40s, with Vice Chairman Richard Gnodde and Asset Management Chairman Rich Friedman stepping down.
Goldman Sachs’s shares increased by ~1.2% in trading following the announcement.

Jan 26, 2026, 2:24 PM

Bloomberg

Smithfield Foods to acquire Nathan’s Famous

M&A

Smithfield Foods will acquire all outstanding shares of Nathan’s Famous for $102.00 per share in cash, implying an enterprise value of approximately $450 million.
The deal values Nathan’s Famous at ~12.4× LTM adjusted EBITDA (10.0× post-synergies) and is expected to generate $9 million in annual cost synergies by the second anniversary.
The transaction, funded by cash on hand without a financing contingency, is expected to close in H1 2026, subject to customary approvals including Hart-Scott-Rodino and CFIUS clearance.
Upon closing, the acquisition will secure perpetual rights to the Nathan’s Famous brand beyond the current license (expiring March 2032) and be immediately accretive to Smithfield’s adjusted diluted EPS.

Jan 21, 2026, 11:45 AM

Press Release

Clear Street files for IPO, reports revenue surge

Delisting/Listing Issues

Clear Street Group Inc. filed a Form S-1 to list its Class A shares on Nasdaq under ticker CSIG, with share count and price range yet to be determined and the offering subject to market conditions.
Reported $783.7 million in revenue and $157.2 million in net income for the nine months ended Sept. 30, 2025, versus $301.9 million in revenue and $20.7 million in net income for the same period in 2024.
Underwriters include Goldman Sachs, BofA Securities, Morgan Stanley and UBS Investment Bank.
Raised $135.4 million via Series C preferred sales and $78.5 million in subsidiary notes, leaving total debt near $300 million.

Jan 21, 2026, 1:16 AM

Bloomberg

Goldman Sachs arranges $355M financing for 214MW distributed solar

Debt Issuance

New Projects/Investments

Goldman Sachs provided $355 million in combined tax equity and debt financing to Radial Power and Lotus Infrastructure Partners to fund 214 MW of distributed solar across 106 U.S. projects under its End-to-End Distributed Generation structure.
The financing will support development, construction and operation of commercial and community solar projects with commercial operation dates expected between December 2025 and 2026.
Selected projects are anticipated to qualify for Inflation Reduction Act investment tax credit adders tied to domestic content and energy community designations, enhancing federal incentive monetization.
Goldman Sachs acted as the sole lender and tax equity investor in the transaction; Radial Power previously raised $80 million in tax equity from Bank of America in 2023 to develop 96 MW of solar across nine states.

Jan 20, 2026, 2:32 PM

Morningstar

Goldman Sachs arranges $355M financing for Radial Power solar portfolio

Debt Issuance

New Projects/Investments

Goldman Sachs provided $355 million in tax equity and debt financing to Radial Power and Lotus Infrastructure Partners to fund distributed solar developments
The financing supports development and operation of approximately 214 MW of distributed solar capacity across 106 projects, with commercial operations expected between December 2025 and 2026
Goldman Sachs served as sole lender and tax equity investor, with Marathon Capital as financial advisor to Radial Power, and legal counsel by Latham & Watkins and Vinson & Elkins

Jan 20, 2026, 1:00 PM

Press Release

Goldman Sachs leads record debt issuance amid tightest credit spreads since 2007

Debt Issuance

Global corporate bond yield premiums compressed to 103 basis points, the lowest level since mid-2007, as investors chase returns amid expectations of central bank rate cuts.
Issuance surged, with roughly $435 billion of corporate bonds sold in the first half of January—over 30% above last year’s pace—and a record $16 billion bank deal led by Goldman Sachs.
Money managers warn that strong returns have fueled complacency and caution against overexposure to lower-quality credits amid deteriorating fundamentals.
Policymakers face a delicate balance between supporting growth and containing inflation amid geopolitical tensions and regulatory uncertainties.

Jan 16, 2026, 3:22 AM

Bloomberg

Goldman Sachs reports Q4 2025 performance and strategic priorities

Earnings

Dividends

Share Buyback

Generated $13.5 billion in Q4 revenues, EPS of $14.01, ROE 16%, and ROTE 17.1%; delivered full-year EPS of $51.32 (up 27%), ROE 15%, and ROTE 16%
GBM achieved $41.5 billion in 2025 revenues, with Q4 investment banking fees up 25% YoY to $2.6 billion and record FICC financing revenues of $11.4 billion for the year
Asset & Wealth Management posted $16.7 billion in 2025 revenues (25% pre-tax margin), ended Q4 with $3.6 trillion in assets under supervision, alternatives AUM at $420 billion, and raised $115 billion in third-party funds
Announced a $0.50 increase in quarterly dividend to $4.50, $32 billion of remaining buyback capacity, and maintained CET1 ratio at 14.4%

Jan 15, 2026, 2:30 PM

Transcript

Goldman Sachs outlines Q4 2025 results and strategy

Dividends

Share Buyback

Guidance Update

Maintained its position as the #1 M&A advisor for 23 consecutive years, advising on $1.6 trillion of announced M&A in 2025 and ending the year with the highest backlog in four years, setting the stage for accelerated Investment Banking activity in 2026.
Record Assets under Supervision reached $3.6 trillion, with durable management and other fees in Private Banking and Lending growing at a 12% CAGR, and a new Asset & Wealth Management pre-tax margin target of 30%.
Incentive fees for 2025 totaled $489 million (+24% YoY); Q4 saw $66 billion of long-term fee-based net inflows and $50 billion of liquidity inflows, underpinning fee growth across businesses.
Announced a 50% year-over-year increase in the quarterly dividend to $4.50, delivered $3 billion in share repurchases and $1.2 billion in dividends in Q4, and retains $32 billion of buyback capacity.
Strengthened its funding and capital profile, with a 14.4% CET1 ratio, deposits of $501 billion (≈ 40% of total funding), and bank equity representing 35% of firm-wide assets.