GS Analysis

TradingKey - Following a major correction, the South Korean stock market has recently entered a consolidation phase, with the KOSPI index fluctuating around the 5,500 mark. The index had previously pulled back rapidly from its year-to-date high, causing its short-term moving average structure to weaken noticeably, while the strength of the recent rebound remains insufficient to confirm a trend reversal. Against this backdrop, Goldman Sachs (GS) recently lowered its 12-month target for the KOSPI from 12,000 to 9,000 points, a 25% reduction.

Goldman Sachs' stock price pulled back to $780 from January to March due to delayed rate cuts and FICC headwinds, but surged to an all-time high of $1,154 between April and July, driven by a recovery in M&A and investment banking activity. From August to September, it retested $880–$900 amid a compression of valuation froth and spillover effects from peer warnings, including those from Bank of America. Currently, investment banks' price targets are generally bullish, though opinions remain divided on whether the stock will reach new highs.

TradingKey - On October 13, US Eastern Time, Goldman Sachs (GS) reported its third-quarter 2026 financial results before the bell, with both revenue and earnings beating market expectations, driven by a 72% year-over-year surge in equity trading revenue. Following the release, GS shares rose more than 4% at one point in pre-market trading.

Goldman Sachs reported strong earnings results, sending its stock surging over 3% to $924.

TradingKey - Goldman Sachs Group (GS) will report its third-quarter 2026 financial results at 7:30 a.m. ET on October 13, followed by an earnings call at 9:30 a.m.

TradingKey - In the coming week (October 12 to October 16), the U.S. market will enter one of October's most critical macro data and earnings windows. U.S. September CPI, PPI, retail sales, industrial production, and regional manufacturing indices will be released in quick succession, alongside the Federal Reserve's latest Beige Book. As the October 27–28 FOMC meeting approaches, inflation and consumption data will directly influence market expectations regarding the timing of the next rate hike.

TradingKey - Goldman Sachs heads into October 13 earnings with record Q2 results, strong equities trading and a more challenging backdrop for FICC and dealmaking.

TradingKey - The Federal Reserve resumed rate hikes after three years, but what truly caught the market off guard was not the 25-basis-point adjustment, but rather the hawkish stance conveyed by Chair Kevin Warsh and the dot plot's repricing of the duration of high interest rates.

TradingKey - Although the KOSPI Index has pulled back about 27% from its record high in June, and market concerns over the sustainability of AI capital expenditures, high volatility in South Korean stocks, and the semiconductor cycle continue to escalate, Timothy Moe, Chief Asia-Pacific Equity Strategist at Goldman Sachs, has still not lowered his previously issued 12,000-point target.

TradingKey - GS closed near $1,038 after a 3% rally as dealmaking, trading and asset management stay strong. Can $1,045 unlock $1,057-$1,096?