PREVIEW: Goldman earnings seen climbing in Q1 report early Monday

Goldman Sachs GS.N shares edge up to $906.48 ahead of Q1 results due before the opening bell on Monday, with investors focused on investment banking and trading for signs of continued strength

The investment bank is expected to post a 13% y/y rise in qtrly rev to $16.97 bln and adjusted EPS of $16.49, up from $14.12 a year ago, per LSEG

In the prior qtr, the co's profit beat estimates on record equity trading and a surge in M&A, with the CEO seeing a "constructive" environment for deals in 2026

GS has met or beaten EPS estimates for at least eight straight qtrs and revenue in seven of past eight, with most recent miss in Q4 2025

Of the 24 analysts that cover GS, the breakdown of recommendations is 8 "strong buy" or "buy," 15 "hold" and 1 "sell"

Median price target of $950 is down from $985 a month ago

GS shares up ~3% YTD vs 0.3% decline in Dow Industrials .DJI

Stock recently traded at 15.1 times expected earnings, above its five-year avg forward PE of 11.1, suggesting it may be overvalued relative to its history