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Goldman Sachs Stock Surges Amidst Positive Outlook
10 Oct
Summary
- Goldman Sachs stock rose 1.44% on the last trading day.
- Upcoming earnings report expected October 13, 2026.
- Zacks Rank is currently #3 (Hold) for Goldman Sachs.
Goldman Sachs (GS) concluded its most recent trading session with a gain of 1.44%, surpassing the S&P 500's daily increase. Over the past month, however, the investment bank's shares saw a decline of 13.45%, underperforming the broader market.
Attention is now focused on Goldman Sachs' upcoming earnings release scheduled for October 13, 2026. Analysts predict an earnings per share (EPS) of $12.9, a 5.31% rise from the previous year. Revenue is forecasted to reach $16.87 billion, an 11.08% increase.
For the full fiscal year, projections indicate earnings of $67.48 per share and revenue of $71.46 billion. While recent estimate revisions show a slight downward trend, Goldman Sachs currently holds a Zacks Rank of #3 (Hold).
The company's Forward P/E ratio stands at 13.08, matching its industry average. The PEG ratio is 0.97, slightly above the Financial - Investment Bank industry's average of 0.87. The Financial - Investment Bank industry itself ranks favorably within the top 22% of all industries.
