Equity Profile

GS

The Goldman Sachs Group, Inc.

FinancialsInvestment Banking & Brokerage$303.7B

Jul14Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, and it will be closely watched this quarter.

$13.75

Revenue

Revenue reflects the company's ability to generate sales and is essential for assessing overall performance.

$15.8B

Wall Street expectations, options signals, track record, and call prep available with Pro.

GS Q2-2026 Earnings Preview

Context

Company Snapshot

The Goldman Sachs Group, Inc. (GS) is a leading global investment banking and brokerage firm that provides a wide range of financial services to a diverse client base, including corporations, financial institutions, and governments. With a market cap of $304 billion, Goldman Sachs plays a crucial role in the financial sector, particularly in investment banking, asset management, and securities trading.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+14.79%

Avg Stock Reaction

+1.12%

Last Quarter Recap

In Q1-2026, Goldman Sachs reported an EPS of $17.55, exceeding estimates by 7.39%. However, the stock price fell by 1.87% the following day, indicating mixed market reactions despite strong earnings.

Management Promises & Guidance

Continued focus on expanding investment banking services.
Commitment to maintaining strong asset management performance.
Efforts to enhance trading capabilities in volatile markets.

Expectations

Wall Street Expectations

Analysts are generally optimistic about Goldman Sachs' upcoming earnings, expecting strong EPS and revenue figures. However, there are concerns about market volatility and its impact on trading revenues.

Bull Case

If Goldman Sachs beats EPS estimates significantly, it could signal robust demand for its services and strengthen investor confidence.

Bear Case

A miss on earnings or revenue could raise concerns about the firm's ability to navigate a challenging market environment, leading to a negative reaction from investors.

Key Metrics to Watch

Earnings Per Share (EPS)

$13.75

EPS is a key indicator of the company's profitability and financial health, and it will be closely watched this quarter.

Revenue

$15.8B

Revenue reflects the company's ability to generate sales and is essential for assessing overall performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Goldman Sachs' EPS exceed the consensus estimate of $13.75?

A significant beat could indicate strong operational performance and boost investor sentiment.

How will revenue compare to the expected $15.8 billion?

Revenue performance is critical for assessing the firm's growth and ability to manage market challenges.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent market volatility on Goldman Sachs' trading revenues, which could lead to a larger-than-expected earnings miss.

Supporting Evidence

Options pricing suggests a 9.16% move, indicating heightened uncertainty not reflected in consensus estimates.

Recent trading activity shows a significant put/call ratio, suggesting that some investors are hedging against potential downside.

Key Risk

If trading revenues come in significantly lower than expected, it could challenge the optimistic consensus on EPS.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on how well Goldman Sachs can navigate market volatility and maintain profitability.

Bull Confirmed If

An EPS of $14.00 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $13.00 would support the bear case, raising concerns about the company's performance.

Pre-Earnings Positioning

Options Market

Implied Move

±9.16%

Historical Avg

±2.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±9.2% while GS has averaged ±2.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

27.1%

Calls (1.4M)P/C Ratio: 0.25Puts (1.3M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Goldman Sachs beats expectations, history suggests the stock could rise by about 1.12%, confirming strong demand for its services.

In-Line / Cautious

A cautious in-line report may lead to muted reactions, as investors weigh management commentary against market conditions.

Miss

If the company misses expectations, the stock could drop, reflecting historical patterns of negative reactions to earnings misses.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

R-FLMaria Elvira SalazarRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on trading revenue performance amid market volatility.
2Any commentary on investment banking activity and deal flow.
3Insights into asset management growth and client inflows.
4Management's outlook on economic conditions and their impact on operations.
5Details on cost management strategies in response to market challenges.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Fastenal Company

Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, and it will be closely watched this quarter.

$13.75

Revenue

Revenue reflects the company's ability to generate sales and is essential for assessing overall performance.

$15.8B

Wall Street expectations, options signals, track record, and call prep available with Pro.

GS Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+14.79%

Avg Stock Reaction

+1.12%

Last Quarter Recap

In Q1-2026, Goldman Sachs reported an EPS of $17.55, exceeding estimates by 7.39%. However, the stock price fell by 1.87% the following day, indicating mixed market reactions despite strong earnings.

Management Promises & Guidance

Continued focus on expanding investment banking services.
Commitment to maintaining strong asset management performance.
Efforts to enhance trading capabilities in volatile markets.

Expectations

Wall Street Expectations

Bull Case

If Goldman Sachs beats EPS estimates significantly, it could signal robust demand for its services and strengthen investor confidence.

Bear Case

A miss on earnings or revenue could raise concerns about the firm's ability to navigate a challenging market environment, leading to a negative reaction from investors.

Key Metrics to Watch

Earnings Per Share (EPS)

$13.75

EPS is a key indicator of the company's profitability and financial health, and it will be closely watched this quarter.

Revenue

$15.8B

Revenue reflects the company's ability to generate sales and is essential for assessing overall performance.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will Goldman Sachs' EPS exceed the consensus estimate of $13.75?

A significant beat could indicate strong operational performance and boost investor sentiment.

How will revenue compare to the expected $15.8 billion?

Revenue performance is critical for assessing the firm's growth and ability to manage market challenges.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent market volatility on Goldman Sachs' trading revenues, which could lead to a larger-than-expected earnings miss.

Supporting Evidence

Options pricing suggests a 9.16% move, indicating heightened uncertainty not reflected in consensus estimates.

Recent trading activity shows a significant put/call ratio, suggesting that some investors are hedging against potential downside.

Key Risk

If trading revenues come in significantly lower than expected, it could challenge the optimistic consensus on EPS.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on how well Goldman Sachs can navigate market volatility and maintain profitability.

Bull Confirmed If

An EPS of $14.00 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $13.00 would support the bear case, raising concerns about the company's performance.

Pre-Earnings Positioning

Options Market

Implied Move

±9.16%

Historical Avg

±2.1%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect volatility around the earnings announcement.

Options are pricing ±9.2% while GS has averaged ±2.1% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

27.1%

Calls (1.4M)P/C Ratio: 0.25Puts (1.3M)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Goldman Sachs beats expectations, history suggests the stock could rise by about 1.12%, confirming strong demand for its services.

In-Line / Cautious

A cautious in-line report may lead to muted reactions, as investors weigh management commentary against market conditions.

Miss

If the company misses expectations, the stock could drop, reflecting historical patterns of negative reactions to earnings misses.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

1 buy·0 sells

Members

House only

Est. Notional

$15,001.00–$50,000.00

disclosed dollar ranges

Most Active Members

R-FLMaria Elvira SalazarRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on trading revenue performance amid market volatility.
2Any commentary on investment banking activity and deal flow.
3Insights into asset management growth and client inflows.
4Management's outlook on economic conditions and their impact on operations.
5Details on cost management strategies in response to market challenges.