Goldman Sachs Shares Plummet on Soft Q3 Trading Warning

Goldman Sachs' shares dropped nearly 4% on September 16, 2026, after CEO David Solomon warned of softer third-quarter trading. He noted that while stock trading remains strong, fixed income, currencies, and commodities are experiencing reduced activity compared to the busy second quarter.

The bank's investment in technology and higher transaction fees will lead to a $500 million rise in non-compensation expenses. This combination of slowing revenue and increasing expenses creates negative operating leverage, putting pressure on earnings per share.

Regulatory filings show that Goldman Sachs' major corporate insiders have been selling shares over the past six months without making any open-market purchases.