Released
FY2026 Q2
Earnings ReviewGS
BEATGoldman Sachs
Goldman Sachs · Financials/Banks
Tue, July 14, 2026·Before Market Open
Goldman SachsGoldman SachsUS BanksQ2 EarningsEarnings
01Wall Street Consensus
EPS—
Revenue—
02Earnings Results
EPS$20.98+44.7%
Revenue$20.34B+24.0%
After-Hours Reaction+8.37%
Key Takeaways
- EPS $20.98 (about +92% vs $10.91 a year ago) — well above consensus ~$14.5
- Net revenue $20.34B — a record, beat consensus ~$16.4B
- Net income $6.63B, ROE 23.5%
- Global Banking & Markets revenue $15.52B — a record
- IB fees +55% YoY
- Shares +8.37% — the biggest gain among the four banks
- Capital-markets (trading/IB) recovery drove results
Key Checkpoints
- 01IB fees (M&A, ECM, DCM)
- 02Trading revenue (Equities + FICC)
- 03NIM trend
- 04Provision movement
- 05Tier 1 capital ratio and buyback guidance
Upside Catalysts
- NIM and loan-demand changes after the June FOMC rate cut
- Whether Q1 2026 trading/IB momentum continues
- Expanded capital return after CCAR
- Large M&A deal closings
Risk Factors
- Commercial real estate credit losses
- Credit-card and consumer-loan delinquency
- Provision surge under macro slowdown
- Higher regulatory capital requirements
Detail
EEPS History (Last 2 Quarters)
Actual EPS vs Consensus — Green Beat · Red Miss
Beat1
Miss0
Beat rate100%
1Coverage Initiation Note
Goldman Sachs (GS), as of 2026-04-20, is a leading IB and trading franchise with high earnings leverage. Q1 2026 earnings have already been released (4/14-16); this entry previews Q2 2026. Actual consensus figures will be updated once finalized in early June to July.
Detail
SEPS 서프라이즈 히스토리
Beat2Miss0Beat률 100%
분기별 EPS 컨센서스 대비 서프라이즈(%) — 막대: EPS, 점선: 매출
컨센서스 대비 실제 EPS/매출 서프라이즈 (%)