GS
The Goldman Sachs Group, Inc.Evidence as of 2026-09-11The desk's Snapshot
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Overview · The Goldman Sachs Group, Inc.
The Goldman Sachs Group, Inc., a financial institution, provides a range of financial services for corporations, financial institutions, governments, and individuals worldwide. It operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. The Global Banking & Markets segment provides financial advisory services, including strategic advisory assignments related to mergers an…
Management team
- Mr. Francois-Xavier De Mallmann · Chair of Goldman Sachs EMEA & Chair of Investment Banking.Find on LinkedIn
- Mr. John F. W. Rogers · Executive VP, Lead Director & Secretary to the Board of DirectorsFind on LinkedIn
- Ms. Kathryn H. Ruemmler · Chief Legal Officer, Secretary & General CounselFind on LinkedIn
- Mr. Denis P. Coleman III · Chief Financial OfficerFind on LinkedIn
Start free to see the full management team.
Links open LinkedIn searches, not verified profiles. Team data from our market-data vendor's company profile.
Moneyta sentiment
Where the published evidence leans after the desk debated it, not a rating or a recommendation.
+0.4 on a −2 to +2 scale.
What builds the score
Solid bars are analyst rubric scores; faded bars are computed directly from data. Claims dropped in debate count for nothing; weakened claims count at half weight.
Editor's note
Written after the debate settled. The rest of the page is the evidence behind it.
The evidence balance is Mixed ( +0.4 of a possible +2; unchanged from before the debate) and confidence in the surviving claims is high. The firm reported rising quarterly net income across the sample — $3,723,000,000 in Q2 2025, $4,090,000,000 in Q3 2025, $5,630,000,000 in Q1 2026 (fiscal quarter ended 2026-04-17), and $6,628,000,000 in Q2 2026 (fiscal quarter ended 2026-07-17) — with diluted EPS moving from $10.91 in Q2 2025 to $20.98 in Q2 2026 (fiscal quarter ended 2026-07-17). Reported net revenues for Q2 2026 were $20.34 billion, a 39% increase versus Q2 2025, and the firm returned $5.36 billion of capital to common shareholders in the quarter including $4.00 billion of repurchases and $1.36 billion of dividends.
Balance-sheet and market facts are upheld: cash and cash equivalents rose to $187,266,000,000 as of 2026-06-30, total assets increased to $2,127,711,000,000 as of 2026-06-30, weighted-average diluted shares outstanding fell from 318,300,000 in Q2 2025 to 304,900,000 in Q2 2026, and the company reported $5,000,000,000 of repurchases in Q1 2026 (fiscal quarter ended 2026-04-17). Market signals show a bullish long-term posture (golden_cross true; price_vs_sma200 +7.6%) alongside elevated volatility (vol_90d_annualized +35.8%) and above-average market sensitivity (beta_spy 1.58).
How this note was made
every stage ran before the note was writtenAnalyst desk
Mercer, Oakes, Nash, Ellis, Yates, Talbot and Archer. The desk: named AI agents, not people. Each reads one slice of the evidence and nothing else (no outside knowledge, no browsing), so every finding traces to a source you can open.
Reads the XBRL figures companies file with the SEC (revenue, margins, income, debt and share count, quarter by quarter) and reports which way the trend is running.
Entity common shares outstanding fell from 318,300,000 (weighted-average diluted shares in Q2 2025) to 291,171,408 (as of 2026-07-17), showing a multi-quarter decline in outstanding share count.
XBRL companyfacts · 0000886982-26-000297Weighted-average diluted shares outstanding moved from 318,300,000 in Q2 2025 to 304,900,000 in Q2 2026, indicating a reduction in diluted share count over those quarters.
XBRL companyfacts · 0000886982-26-000297Reads the filings themselves, above all the year-over-year diff of Item 1A risk factors: which risks a company added, dropped or quietly reworded since its last annual report.
Which filings the desk reads
The desk reads the annual 10-K in full: its risk factors, and how they changed since last year. Quarterly 10-Qs and event filings (8-Ks, insider Form 4s) are listed for context but not read line by line: the 10-K is where the material risk disclosures live. A brand-new company, or one we have only just begun tracking, may have no annual report on file yet; its risk analysis fills in once that lands.
In the second quarter of 2026, the company generated net earnings of $6.63 billion, compared with $3.72 billion in the second quarter of 2025.
Management's discussion · filed 2026-08-03Net revenues were $20.34 billion for the second quarter of 2026, a 39% increase versus the second quarter of 2025, primarily driven by significantly higher net revenues in Global Banking & Markets (Equities, Investment banking fees and FICC).
Management's discussion · filed 2026-08-03Reads the signal panel above (momentum, volatility, drawdown, relative strength and beta) and ranks each against the whole research universe rather than judging it in isolation.
Momentum signals are positive: momentum_6m is +24.3% and momentum_12_1 is +46.3%, with rank_momentum_6m at the 82th percentile and rank_momentum_12_1 at the 80th percentile of the 554-stock research universe as of 2026-09-10.
Moneyta signal set · 2026-09-10weakened in debatePrice/trend indicators show a bullish long-term posture: golden_cross is true and price_vs_sma200 is +7.6%, while price_vs_sma50 is slightly negative at -2.4%, as of 2026-09-10.
Moneyta signal set · 2026-09-10Reads which funds hold the name and at what weight, plus insider Form 4 filings, to show the exposure you may already carry through index funds.
Institutional holders reported aggregate GS exposure of "$192.04B" as of 2026-03-31, with reported quarter-over-quarter value down -6.5% and a holder count of 2,975 (holder_count_delta_qoq -43, exited_positions 231, new_positions 2).
13F holdings · 2975 filers · as of 2026-03-31Top reported institutional holders as of the 2026-03-31 13F period include BlackRock, Inc. ($20.29B), STATE STREET CORP ($16.29B), VANGUARD CAPITAL MANAGEMENT LLC ($15.55B), and SUSQUEHANNA INTERNATIONAL GROUP, LLP ($7.17B).
13F holdings · 2975 filers · as of 2026-03-31Reads recent headlines that are genuinely about this company, ignoring rating chatter and market-wide stories. Findings argue in the debate but never move the sentiment score.
Recent headlines exist but none are company-specific — market-wide stories and rating chatter are excluded.
Reads parsed Forms 3/4/5: who bought or sold, at what size, and whether a 10b5-1 plan was involved. Flags clustered open-market officer buying; treats plan sales as routine and never counts a fund or 10%-holder as an officer.
Solomon David M (Chairman of the Board and CEO) reported a sale of 2,310 shares for $2.1M on 2026-05-01; the filing does not report a trading plan.
Form 4 · SOLOMON DAVID M (Chairman of the Board and CEO) · $2.1M sold · 2026-05-01Coleman Denis P. (Chief Financial Officer) reported four sales on 2026-05-14 totaling $6.6M for 6,857 shares (individual line items: $2.4M/2,509 sh; $1.5M/1,560 sh; $1.3M/1,360 sh; $1.4M/1,428 sh); the filing does not report a trading plan.
Form 4 · COLEMAN DENIS P. (Chief Financial Officer) · $2.4M sold · 2026-05-14Reads the implied-expectations math built from the company's own filings (the growth rate today's price would justify, and the multiples beside it) and argues whether the market's bar looks high or low for this business. Never turns the math into a target.
Trailing twelve-month free cash flow (FCF) is negative $89,890,000,000.
Valuation inputs · SEC XBRL + stored EOD closeTrailing twelve-month operating cash flow (NetCashProvidedByUsedInOperatingActivities) is negative $87,732,000,000.
Valuation inputs · SEC XBRL + stored EOD closeDebate and risk review
A bull and a bear contest the claims and the chair rules on each; the risk review stress-tests what survived.
A bull and a bear argue the analysts' claims across two rounds, then a chair rules on each one. Only what survives feeds the score. The argument is shown, not hidden, so you can judge the reasoning yourself.
Several contemporaneous filings and fundamentals (strong sequential net revenues, rising net income and diluted EPS, and explicit capital returns including sizable repurchases and dividends) jointly support a favorable operational read on the company; these items are well-sourced to the company filings and are high-strength factual observations. Share count reductions and disclosed repurchases provide corroborating evidence that reported EPS gains are supported by both earnings growth and capital return activity (moderate-to-high strength). Market signals (positive momentum, golden cross, ETF inclusion, and substantial institutional ownership) add intermediate-strength market-context that aligns with the favorable fundamental picture. The bear points — notably negative trailing FCF and operating cash flow, elevated volatility, and insider share sales — are observable in the dataset but vary in evidentiary strength: the negative cash-flow metrics are high-strength model outputs that merit attention, while insider sales and volatility are medium-strength signals that can reflect timing and portfolio behavior rather than company fundamentals.
Chair's verdict, claim by claim
Fragility · computed, not argued
balanced0.38
38 surviving claims rest on 14 distinct sources; the heaviest analyst carries 21% of them, and 97% of what the desk raised survived the debate.
The read rests on a moderate breadth of sources (14) supporting 38 claims, which lends some informational diversity, but one analyst accounting for ~21% of surviving claims raises a concentration risk in interpretive voice. The very high debate survival rate (97%) suggests outputs were rarely overturned during review — that improves stability but can also indicate limited critical challenge; treat the collection as informative but not immutably authoritative.
Peer context · computed, not argued
12-1 momentum ranks 2nd of 4 in Capital Markets (as of 2026-09-10).
90-day volatility ranks 2nd of 4 in Capital Markets (as of 2026-09-10).
dividend yield ranks 2nd of 4 in Capital Markets (as of 2026-09-10).
Disconfirming evidence · base rates · falsifiers
Context
Outside consensus, and where this name already sits in your own portfolio.
Third-party consensus shown for context. It never enters Moneyta sentiment. When the two diverge, the debate above is where the why lives.
What this was built from
Every figure on this page traces to one of these. The desk reads only what is listed here (no outside knowledge, no browsing), and each card shows who read it and what it contributed to the score.
12 filings· 1 cited
SEC XBRL filings
Quarterly figures as filed with the SEC, read straight from EDGAR's structured data, not retyped or estimated.
Read by Mercer+1.4 to the score
11 documents· 1 cited
SEC filing documents
The filings themselves, including the year-over-year comparison of Item 1A risk factors.
Read by Oakes+1.6 to the score
1 signal set
Moneyta signal set
Computed from our own end-of-day price history and ranked against the whole research universe. No AI involved.
Read by Nash+0.1 to the score
3 holdings records· 1 cited
Fund holdings
Which funds hold this name and at what weight, plus insider Form 4 filings.
Read by Ellis+0.5 to the score
7 filings· 2 cited
Insider filings
Parsed Forms 3/4/5 from EDGAR: named insiders, share counts, prices, and 10b5-1 plan state, with stated and inferred flags kept apart.
Read by Talbot−1.7 to the score
1 computation
Valuation inputs
TTM cash-flow figures from the company's own XBRL filings, priced with the stored closing price. Implied growth and multiples only; no fair-value dollar figure reaches the desk, by design.
Read by Archercontext only
1 record· 0 cited
Company profile
Sector, industry and company details.
1 record· 0 cited
Analyst consensus
Third-party consensus, shown for context only; it never enters Moneyta sentiment.
Read means we pulled and handed it to an analyst; cited means a claim on this page points at it. Reading twelve quarters to state one trend is normal; the gap is shown rather than hidden.
Written by AI, checked against sources
The analysts, the bull–bear debate and the editor's note are AI agents reading only the evidence listed on this page. They can misread a filing or a headline, which is why every claim cites a source you can open and check yourself. The sentiment score is arithmetic over the claims that survived the debate, not a language model's opinion.
Educational analysis of published data. Moneyta does not give investment advice or make recommendations. Past patterns do not indicate future results.
The full terminal on GS Gold
Who holds it, who's buying, what the Street thinks: live behind the lock, updated as filings land.
Institutional holders
Net institutional flow, Q/Q
Largest holder position
Insider buys, 90 days
Clustered insider value
Street target range
The real figures are for members. Educational analysis, not advice.
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Educational analysis of published data. Moneyta does not give investment advice or make recommendations.