Goldman Sachs Group, Inc. (The)NYSE: GS
Financials · Investment Banking & Brokerage
$924.04
+0.03%
Vol: 1.7M
Research Digest
Friday, May 1, 2026
Goldman Sachs reports Q1 profit of $4.74B (+14.8% YoY) and raises S&P 500 target to 7,600 by year-end
Goldman Sachs reported strong Q1 2026 earnings with profit of $4.74B (vs $4.13B YoY) and EPS of $14.12 (vs $11.58 YoY). The firm completed acquisition of active ETF provider Innovator Capital Management and launched GS AI Assistant firmwide. Goldman raised its S&P 500 year-end target to 7,600 (6% upside from April 24), citing AI investment driving ~40% of earnings growth. However, Goldman disabled access to Anthropic's Claude AI tool in Hong Kong. Stock rose 2.01% to $923.77 on May 1.
Previous Market Intelligence
13 daysApr 30Goldman Sachs forecasts $3.8 trillion M&A wave from AI and PE sales; disables Claude AI tool for Hong Kong staffNeutral▶
Goldman Sachs released multiple strategic initiatives including a $3.8 trillion M&A forecast driven by AI adoption and private equity divestitures. The bank raised long-term crude oil price forecasts citing ongoing Iran situation uncertainty. Goldman Sachs disabled staff access to Anthropic's Claude AI tool in Hong Kong amid rising geopolitical AI competition concerns. The firm committed $50M strategic investment in Kashable's $60M Series C funding. GS stock traded at $918.14 on April 30 between $905-$919 range. Recent corporate activity reflects focus on alternative investments, AI strategy, and geopolitical risk management, though equity market participation and AI tool restrictions suggest evolving market dynamics.
Apr 29Goldman Sachs Q1 Shows Strong M&A Tailwinds; Predicts $3.8T Deal Wave on AI/PEPositive▶
Goldman Sachs reported Q1 2026 net income of $5.63B, with strong wealth management fees up 17% YoY and alternatives fees in double digits. GS predicts a $3.8T M&A wave fueled by AI and private equity sales (announced Apr 26, 2026). Stock traded $924-$945 on Apr 29 at $926. Analysts see average PT of $340+ based on growth outlook. Company completed strategic investments including up to $50M in Kashable Series C, signaling confidence in fintech/lending.
Apr 16Goldman Sachs Q1 2026 revenue hit record $17.23 billion with EPS of $17.55 (+24% YoY), equities trading revenue record $5.33 billion, investment banking fees up 48%Mixed▶
Goldman Sachs reported record Q1 2026 net revenues of $17.23 billion (+14.4% YoY) with diluted EPS of $17.55 (+24% YoY), beating analyst consensus and achieving 19.8% annualized return on average common equity. Global Banking & Markets achieved highest-ever quarterly revenues driven by equities trading record of $5.33 billion and investment banking fees surging 48% to $2.84 billion on completed M&A advisory work. However, fixed income revenue declined 10% to $4.01 billion. Board declared $4.50 dividend per share, and Goldman Sachs completed strategic acquisitions of Industry Ventures and Innovator Capital Management. Despite strong results, stock fell 3.06% in pre-market to $880.01.
Apr 15Goldman Sachs reports strong Q1 2026 earnings beat with record equities revenue of $5.33B despite lower fixed incomeMixed▶
Goldman Sachs reported Q1 2026 net revenues of $17.2 billion (up 14.4% YoY) and record equities trading revenue of $5.33 billion. Investment banking fees jumped 48%. Fixed income revenue fell 10% to $4.01 billion, missing estimates. Net earnings reached $5.6 billion. Stock rose to $910, nearing all-time high.
Apr 14Goldman Sachs crushed Q1 with EPS of $17.55, record banking revenues of $12.7B, but stock fell in premarketMixed▶
Q1 net revenues $17.2B (second-highest ever), net earnings $5.6B. Investment banking fees jumped 48% to $2.84B. Record $12.7B banking and markets revenues. Stock declined despite blowout results.
Apr 13Goldman Sachs reports Q1 earnings today (April 13); lowers oil forecasts on Iran ceasefireNeutral▶
Goldman Sachs released Q1 2026 earnings April 13 before market open with consensus estimates of $17.4B revenue and $16.86 EPS. Lowered Q2 2026 oil forecasts (Brent to $90, WTI to $87/barrel) on April 10 following U.S.-Iran ceasefire agreement. Declared preferred stock dividends across 10 series. Bullish on tech sector.
Apr 10Goldman Sachs raises S&P 500 year-end target to 7,600; Q1 earnings call April 13.Positive▶
Goldman Sachs raised S&P 500 year-end price target to 7,600 on projection of 12% EPS growth driven by resilient U.S. economy. Stock rose 4.79% on April 8. Company lowered Q2 2026 oil price forecasts for Brent ($90) and WTI ($87). Q1 2026 earnings call scheduled April 13. Federal Reserve terminated 2018 enforcement action.
Apr 9Goldman Sachs Raises S&P 500 Target to 7,600 on 12% Earnings Growth ForecastPositive▶
Goldman Sachs raised its S&P 500 year-end target to 7,600 based on 12% earnings-per-share growth forecast, positioning 2026 as a broad-based marathon favoring cyclicals and mid-caps. Shares rose 4.79% on strong Q1 earnings expectations. Goldman will report earnings on April 13. Analyst Evercore ISI lowered price target to $950 from $1,075, while UBS cut to $930 from $990 but maintained Neutral.
Apr 8Goldman Sachs acquires Innovator adding $31B in defined outcome ETF assets; Q1 earnings April 13.Mixed▶
Goldman Sachs acquired Innovator, adding $31 billion in defined outcome ETFs to its global ETF lineup (~240 funds with $90B in assets). Evercore ISI lowered target to $950 from $1075 but maintains Outperform. Jefferies reaffirmed Buy, lowered target to $1049 from $1125. Q1 earnings scheduled April 13.
Apr 7Goldman Sachs Q1 earnings due April 13; Jefferies maintains Buy but lowers price target to $1,049.Mixed▶
Goldman Sachs finalized acquisition of Innovator, expanding ETF lineup by $31 billion in defined-outcome assets. Company expected to post Q1 EPS of $16.48 (up 16.7% YoY), beating prior consensus. Goldman beat Q4 EPS estimates four consecutive quarters ($14.01 vs $11.77 expected). Rishi Sunak joined as senior adviser. Jefferies lowered price target to $1,049 from $1,125 but maintains Buy. Evercore ISI maintains positive rating. Average target from 19 analysts is $947.07 (9.46% upside). Goldman Sachs advising on Golar LNG strategic alternatives and SpaceX IPO underwriting. Q1 earnings due April 13. Stock trades at $865.25.
Apr 6Goldman Sachs closes Innovator Capital acquisition adding $31B in defined outcome ETFs.Positive▶
Goldman Sachs completed Innovator Capital Management acquisition April 2, adding ~$31B AUM across 171 defined outcome ETFs. Stock surged 40% last quarter. Basel III easing expected to boost M&A activity in 2026. Q1 earnings April 13.
Apr 3Goldman Sachs completes Innovator Capital acquisition, lifting ETF AUM to $90 billion; profit rose to $14.12 per share.Mixed▶
Goldman Sachs completed its acquisition of Innovator Capital Management on April 2, expanding its active ETF presence to ~240 ETFs with $90 billion in AUM. Q1 profit rose to $4.74 billion ($14.12 per share) from $4.13 billion year-over-year. HSBC downgraded GS to Reduce with $729 price target from $802. Goldman was appointed bookrunner for AI IPOs including Anthropic. Stock trades at $867.68.
Apr 1Goldman Sachs is issuing callable debt notes due 2029-2033; Q1 2026 earnings to be filed April 13 after bullish gold outlook lifted stock 4.75%.Positive▶
Goldman Sachs is offering multiple callable fixed-rate debt offerings with expected April 17, 2026 issue dates. The company will file Q1 2026 earnings on April 13, 2026. Goldman Sachs stock surged 4.75% on a bullish gold price outlook. Wells Fargo reaffirmed buy rating while RBC Capital maintains hold. Average price target from 19 analysts is $962.12, implying 14.99% upside from $836.67.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| MSMORGAN | $190.53 | -0.03% | +14.4% | 15.1x | 1.18 | $302.6B |
| GSGOLDMAN | $924.04 | +0.03% | +6.7% | 14.1x | 1.31 | $274.1B |
| SCHWSCHWAB | $91.61 | -0.03% | -1.4% | 13.1x | 0.90 | $160.6B |
| IBKRINTERACTIVE | $80.56 | +1.33% | +15.9% | 27.9x | 1.26 | $135.2B |
| HOODROBINHOOD | $73.69 | +1.10% | +4.5% | 28.1x | — | $65.7B |
| RJFRAYMOND | $156.41 | -1.21% | +11.7% | 11.8x | 1.01 | $30.8B |
Key Fundamentals
RSI (14-Day)
52-Week Range
Moving Averages
Price above both MAs — bullish structure.