Goldman Sachs Group, Inc. (NYSE: GS) revealed its financial results for the fourth quarter, showcasing earnings per share that outperformed expectations. The firm posted earnings of $14.01 per share, eclipsing the consensus estimate, which stood at $11.65. Meanwhile, total revenues amounted to $13.454 billion, slightly underperforming relative to the anticipated $13.791 billion.
In remarks accompanying the earnings disclosure, Chairman and CEO David Solomon reflected on the progress made since the company’s initial Investor Day. He noted, "Since our first Investor Day where we laid out our comprehensive strategy, the firm has grown its revenues by 60%, improved returns by 500 basis points and delivered total shareholder returns of more than 340%. We continue to see high levels of client engagement across our franchise and expect momentum to accelerate in 2026, activating a flywheel of activity across our entire firm." This statement highlighted the company’s confidence in sustained growth and client demand moving forward.
Despite the earnings beat on a per-share basis, Goldman Sachs’ stock experienced a slight pullback, falling approximately 1% to close at $966.49 on trading days following the earnings release.
Financial analysts have taken note of these results, revising their outlooks on Goldman Sachs’ stock accordingly. Notably, Christopher McGratty of Keefe, Bruyette & Woods sustained a Market Perform rating while increasing the price target from $971 to $1,000. Similarly, Mike Mayo from Wells Fargo continued to recommend an Overweight rating on the shares, raising his price target to $1,050 from a previous $970.
These analyst adjustments indicate a positive reassessment of Goldman Sachs’ value proposition given the recent quarterly performance and the firm’s strategic outlook. However, the mixed outcomes in earnings and revenue figures, along with the marginal decline in share price, underscore ongoing market uncertainties.
Investors considering a position in Goldman Sachs may weigh these factors in their decision-making, given the balance of strong earnings per share, modest revenue shortfall, and cautious market reaction post-release.