14/04/2026 09:37

Goldman Sachs Group Inc (GS US) $US890.79

Leading US investment bank Goldman Sachs kicked off bank earnings season with a solid, but mixed quarter. Its equity traders posting a second consecutive all-time record, surpassing their own previous high by more than $1 billion as Iran war-driven volatility turbocharges Wall Street's trading desks.

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17/12/2025 09:41

Goldman Sachs (GS US) $US879.15

Goldman Sachs has been on an exceptional run, as have most US banks through 2025, with shares up ~53% over the past year and trading near all-time highs. Our position in the International Equities Portfolio is up ~70%, having initiated the position in April.

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17/07/2025 09:26

Goldman Sachs (GS US) $US708.82

Goldman’s stock traders posted the largest quarterly revenue haul in Wall Street history, as volatility sparked by the Trump administration’s trade war spurred a second straight record quarter for the unit. That drove a beat across pretty much all financial metrics:

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09/07/2025 09:41

Goldman Sachs (GS US) $US697.28

Commonwealth Bank (CBA) is not the only financial institution trading on a valuation well above its historical norm. Goldman Sachs now trades at a 44% premium to its usual book value, and nearly 30% premium to its usual PE valuation. While uncommon, it’s not without precedent. GS has traded in a broad valuation range since listing in 1999 - on its first trading day, it actually finished up over 40%, which equated to 5x book value at the time.

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15/04/2025 09:34

Goldman Sachs (GS US) $US503.98

Overnight, Goldman Sachs’ traders maintained the trend set by its peers, posting their highest quarterly revenue on record, helped by strong equity trading – the stock rose ~2% following the result. The results built on a record year for Goldman in 2024 when the New York-based bank lifted its revenue in its equities division by almost 50%.

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03/04/2025 17:19

International Equities Portfolio – Amendment

US stocks are expected to open sharply lower this evening on tariff concerns, and we are using weakness to add a new position in Goldman Sachs (GS US), a stock that will likely be a key beneficiary later in the year underpinned by pro-growth US policies around lower taxes and regulation.

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12/03/2025 09:29

Goldman Sachs (GS US) $US531.43

The premier Wall Street bank has held a substantial valuation premium over the past year, with the share price doubling from its 2023 low.

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21/01/2025 09:34

Goldman Sachs (GS US) $US625.94

Goldman has more than doubled from its 2023 low, with the “Trump Bump” arguably just the icing on the cake. Earlier this month, GS reported fourth-quarter results that topped estimates on stronger-than-expected trading revenue, sending the stock up ~5% after the release.

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01/11/2024 09:21

Goldman Sachs (GS US) $US518.74

Giant Investment bank GS delivered a robust set of numbers last month, but the stock does appear to be “getting heavy” as it approaches the $US550 area.

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16/10/2024 09:21

Goldman Sachs (GS US) $US522.38

Goldman Sachs (GS US) reported third-quarter results overnight that showed investment markets are alive and well, sending stock to new all-time highs, building on its near 40% rally over the past year. The result was very strong, with profit up 45%, and was a beat across all major metrics, particularly in equity-trading revenue and the investment-banking business.

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