Goldman Sachs Stock Rises on Bullish Gold Forecast and Strong Earnings
Goldman Sachs stock has gained value following the bank's optimistic gold price forecast and strong quarterly earnings. As of September 11, 2026, the stock traded at $1,029.18, with a market capitalization of nearly $239.42 billion.
The bank still sees upside risk to its $4,900 gold forecast for end-2026, according to Reuters. This positive outlook has contributed to the stock's growth in value.
In terms of earnings, Goldman Sachs reported revenue of $20.34 billion for the quarter ended July 14, 2026, representing a 39.4% year-over-year increase. Earnings per share (EPS) climbed from $10.91 a year earlier to $20.98, with a return on equity of 19.16% and net margin of 15.53%
Despite this positive sentiment, analyst sentiment remains mixed. Wall Street Zen lowered Goldman Sachs' rating from Buy to Hold, while the broader consensus target still holds at $1,062.86.