Goldman Sachs (GS)
NYSEFinancialsFinancial - Capital MarketsSnapshot 2026-11-04
$928.00+3.56%
Close 2026-11-04 · 1-day change
NYSEFinancialsFinancial - Capital MarketsSnapshot 2026-11-04
QuarterlyIQ Insights · GS
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is holding in the top half of its industry — the reason to own it looks intact.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -17.0% |
| Our one-year growth estimate | diamond | -11.7% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Most sensitive to the broad stock market.
Based on historical daily prices through 2026-11-04.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 5.3 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-04 · Compared with 14 industry peers · Company calendar date is not available
GS — capital allocation — Material Modification to Rights of Security Holders
Dated 2026-07-27
Material Modification to Rights of Security Holders. Upon issuance of the Series AA Preferred Stock (as defined in
Why it matters: The backlog fell from Q2 to Q3, even as Q3 fees rose 21% year over year. A further drop may limit future fee growth.
Worry ifThe next results show the backlog below its Q3 2026 level, or investment banking fees fall year over year.
Less concerning ifThe backlog rises above its Q3 2026 level and investment banking fees stay above $3.22 billion.
Why it matters: Equities revenue rose 72% from a year ago in Q3. A sharp drop would weaken this source of Global Banking & Markets growth.
Worry ifQuarterly Equities revenue falls below $6.44 billion, the level in Q3 2026.
Less concerning ifQuarterly Equities revenue stays at or above $6.44 billion, with growth in financing or trading fees.
Why it matters: Goldman returned $4.49 billion in Q3 and set its dividend at $5 per share. Lower returns may signal less capital available for shareholders.
Supportive ifA later quarter reports capital returns above $4.49 billion and a dividend of at least $5 per share.
Worry ifIn a later quarter, capital returns fall below $4.49 billion or the dividend falls below $5 per share.
Why it matters: Platform Solutions revenue fell 72% year over year in Q3. The firm tied the drop to marks on the Apple Card loan portfolio.
Worry ifIn a later quarter, Platform Solutions revenue falls below $170 million. New Apple Card loan marks are reported.
Less concerning ifPlatform Solutions revenue rises above $170 million and results show no new Apple Card loan marks.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$116 on $10,000 · ±1.2% | How much price usually moves either way. |
| Bad day | $347 loss on $10,000 · 3.5% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,399 loss on $10,000 · 24.0% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.