Goldman Sachs Undervalued by Up to 21% Amid Record Revenues

Goldman Sachs Group (GS) has been active in the bond market, issuing fixed rate notes with maturities from 2027 to 2051. This financing activity provides new insights into funding costs and balance sheet positioning for equity investors.

Recent trading has been choppy, with Goldman Sachs' share price down 10.14% over the past 30 days and 11.60% over 90 days, despite a 16.50% one-year total shareholder return and a 3-year figure that's more than triple.

The company's net revenues reached a record $20.3 billion in Q2 2026, with Global Banking & Markets revenues at $15.5 billion, and a segment Return on Equity (ROE) of 25% for the first half.