Goldman Sachs (GS)

The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world.

Company profile

Ticker

GS, GS-PA, GS-PK, GS-PJ, GS-PD, GS-PC, GS+A

Exchange

NYSE

Website

www.gs.com

CEO

David Solomon

Incorporated

Delaware

Location

New York

Fiscal year end

Dec 31

Sector

Finance and Insurance > Investment Banking and Securities Dealing

Industry (SIC)

Security Brokers, Dealers & Flotation Companies

Morgan Stanley • Nomura • Blackrock • Navient • Charles Schwab • Jefferies • Interactive Brokers • Raymond James Financial • TD Ameritrade Holding • Jones Financial Companies LLLP ...

Former names

GOLDMAN SACHS GROUP INC/

SEC CIK

0000886982

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

Subsidiaries

Goldman Sachs & Co. LLC • Goldman Sachs Funding LLC • GS European Funding S.A R.L. • MTGLQ Investors, L.P. • Goldman Sachs (UK) L.L.C. • Goldman Sachs UK Funding Limited • Goldman Sachs Group UK Limited • Goldman Sachs International Bank • Goldman Sachs International • Goldman Sachs Group Holdings ...

IRS number

134019460

GS stock data

1M 1Y 5Y

News

From Benzinga Pro

High-Yield Savings Rate At Goldman Sachs Back To Pre-COVID-19 Pandemic Levels: What It Means For Consumers

15 Aug 22

Some banks are starting to raise returns on high-interest savings accounts to pre-COVID-19 pandemic levels as stocks have recovered after inflation appeared to moderate slightly in August — to 8.5% — amid four straight increases in interest rates by the Federal Reserve.

Chinese Firms Flock To Switzerland Exchanges Amid U.S. And Domestic Crackdown

15 Aug 22

At least four firms listed in China are exploring issuing global depositary receipts on the SIX Swiss Exchange by 2022, Bloomberg

Goldman Sachs, Trade Desk And 2 Other Stocks Insiders Are Selling

15 Aug 22

U.S. stock futures traded lower this morning on Monday. Investors, meanwhile, focused on some notable insider trades.

Goldman Sachs Analyst: Declining Price Trend Is Over Due To Low Oil Supplies, High Demand

12 Aug 22

Goldman Sachs Group Whale Trades For August 12

12 Aug 22

Press releases

From Benzinga Pro

Goldman Sachs MLP and Energy Renaissance Fund Announces Quarterly Distribution of $0.175 Per Share

12 Aug 22

Goldman Sachs MLP and Energy Renaissance Fund (the "Fund") (NYSE:GER) is announcing its quarterly distribution of $0.175 per common share. The distribution is payable on the date noted below. The distribution schedule

Farpoint Development and Golub and Company to Unveil New Resident Amenity Center at Bronzeville's Prairie Shores

11 Aug 22

Chicago, Aug. 11, 2022 (GLOBE NEWSWIRE) -- August 11, 2022 - Prairie Shores Owners will today unveil a new, standalone amenity center for residents of the iconic Bronzeville community apartments on South Martin Luther

Goldman Sachs and Thoma Bravo lead Aisera's $90 Million Series D Funding to Strengthen Employee and Customer Experiences with AI Service Experience Platform

3 Aug 22

Oversubscribed round comes at a time of unprecedented 300% year-over-year growth for Conversational AI & Automation leader PALO ALTO, Calif., Aug. 3, 2022 /PRNewswire/ -- Aisera, the world's first AI-driven

Performant Capital Creates Platform Delivering Managed Technology Services and Revenue Cycle Management to the Healthcare Industry

29 Jul 22

Thinking about trading options or stock in IBM, Intel Corp, Kraft Heinz, Goldman Sachs, or CVS Health Corp?

19 Jul 22

Analyst ratings and price targets

Last 3 months

Average target

$400.71

Low target

$354.00

High target

$461.00

Investment data

Data from SEC filings

Top 50 of 4896 long holdings End of quarter 30 Jun 22	Value	#Shares
Ishares TR	$21.95B	190.68M
SPY SPDR S&P 500 Etf TR	$20.08B	53.23M
AAPL Apple Inc	$10.3B	75.3M
MSFT Microsoft Corp	$10.29B	40.05M
GOOG Alphabet Inc	$7.03B	3.22M
STT Select Sector SPDR TR	$5.82B	71.47M
IBB Ishares TR	$4.84B	71.62M
AMZN Amazon Com Inc	$4.82B	45.35M
SPLK Splunk Inc	$4.2B	45.04M
Vanguard Index FDS	$4.05B	19.29M
AKAM Akamai Technologies Inc	$3.49B	31.94M
LITE Lumentum HLDGS Inc	$3.39B	33.08M
QQQ Invesco QQQ TR	$3.25B	11.58M
DXCM Dexcom Inc	$3.18B	35.2M
NRG NRG Energy Inc	$3.1B	29.95M
BABA Alibaba Group HLDG LTD	$2.88B	25.34M
ON on Semiconductor Corp	$2.76B	28.65M
UNH Unitedhealth Group Inc	$2.5B	4.87M
SQ Block Inc	$2.47B	29M
F Ford MTR Co Del	$2.45B	49.42M
STWD Starwood Ppty TR Inc	$2.37B	24.45M
OKTA Okta Inc	$2.35B	26.56M
SPDR Ser TR	$2.27B	42.43M
Goldman Sachs Etf TR	$2.2B	44.38M
SEDG Solaredge Technologies Inc	$2.19B	17.28M
NVDA Nvidia Corporation	$2.18B	14.35M
Ishares Inc	$2.17B	44.74M
JNJ Johnson & Johnson	$2.12B	11.93M
PG Procter and Gamble Co	$2.1B	14.63M
TSLA Tesla Inc	$2.08B	3.09M
Cyberark Software LTD	$2.07B	19.62M
NIO Nio Inc	$2.05B	46.38M
ENPH Enphase Energy Inc	$1.99B	19.1M
V Visa Inc	$1.94B	9.84M
SPGI S&P Global Inc	$1.9B	5.64M
MTSI Macom Tech Solutions HLDGS I	$1.86B	22.16M
BRK.A Berkshire Hathaway Inc Del	$1.83B	6.46M
SPDR Ser TR	$1.76B	21.18M
AMGN Amgen Inc	$1.71B	7.02M
ARCC Ares Capital Corp	$1.69B	17.07M
AMT American Tower Corp New	$1.63B	6.39M
JPM Jpmorgan Chase & Co	$1.62B	14.7M
Vanguard Intl Equity Index F	$1.56B	33.65M
META Meta Platforms Inc	$1.54B	9.57M
IBB Ishares TR	$1.52B	43.5M
LLY Lilly Eli & Co	$1.52B	4.67M
PRVA Privia Health Group Inc	$1.49B	51.27M
ACN Accenture PLC Ireland	$1.36B	4.91M
TSM Taiwan Semiconductor MFG LTD	$1.32B	16.18M
ABBV Abbvie Inc	$1.32B	8.62M

Goldman Sachs holdings history Holdings history

Holdings list only includes long positions. Only includes long positions.

Calendar

3 Aug 22

16 Aug 22

31 Dec 22

Financial summary

Financial statements Chart GS financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	288.61B	288.61B	288.61B	288.61B	288.61B	288.61B
Cash burn (monthly)	2.96B	(no burn)	(no burn)	(no burn)	(no burn)	(no burn)
Cash used (since last report)	4.64B	n/a	n/a	n/a	n/a	n/a
Cash remaining	283.96B	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	96.1	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Financial data from company earnings reports.

Recent insider trades

GS insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
10 Aug 22	Philip R. Berlinski	Common Stock, par value $0.01 per share	Sell	Dispose S	No	No	349.14	2,400	837.94K	13,745
10 Aug 22	Philip R. Berlinski	Common Stock, par value $0.01 per share	Sell	Dispose S	No	No	348.4	5,600	1.95M	16,145
19 Jul 22	Ogunlesi Adebayo O.	RSU Common Stock, par value $0.01 per share	Grant	Acquire A	No	No	0	99	0	2,747
19 Jul 22	Marius O Winkelman	RSU Common Stock, par value $0.01 per share	Grant	Acquire A	No	No	0	99	0	2,747
19 Jul 22	Jessica R. Uhl	RSU Common Stock, par value $0.01 per share	Grant	Acquire A	No	No	0	79	0	658
19 Jul 22	Peter Oppenheimer	RSU Common Stock, par value $0.01 per share	Grant	Acquire A	No	No	0	99	0	2,747

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

GS institutional ownership history Ownership history

0.0% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	3	2	+50.0%
Opened positions	1	1	–
Closed positions	0	1	EXIT
Increased positions	0	0
Reduced positions	0	0

13F shares	Current	Prev Q	Change
Total value	53K	18K	+194.4%
Total shares	2.07K	693	+198.4%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Bartlett & Co.	1.38K	$35K	NEW
Cribstone Capital Management	620	$16K	0.0%
PNC PNC Financial Services	73	$2K	0.0%

Largest transactions	Shares	Bought/sold	Change
Bartlett & Co.	1.38K	+1.38K	NEW
PNC PNC Financial Services	73	0	0.0%
Cribstone Capital Management	620	0	0.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Greenhill & Co • Bancorp Inc. (The) • Lazard • Lazard • Evercore • Discover Financial Services • Prosper Marketplace • Prosper Funding • Synchrony Financial • Kaival Brands Innovations

Management Discussion

We generated net earnings of $2.93 billion for the second quarter of 2022, compared with $5.49 billion for the second quarter of 2021. Diluted earnings per common share (EPS) was $7.73 for the second quarter of 2022 compared with $15.02 for the second quarter of 2021. Annualized return on average common shareholders’ equity (ROE) was 10.6% for the second quarter of 2022, compared with 23.7% for the second quarter of 2021. Book value per common share was $301.88 as of June 2022, 2.9% higher compared with March 2022 and 6.2% higher compared with December 2021.
Net revenues were $11.86 billion for the second quarter of 2022, 23% lower than a strong second quarter of 2021, reflecting significantly lower net revenues in Asset Management and Investment Banking, partially offset by significantly higher net revenues in Global Markets and Consumer & Wealth Management. Broad macroeconomic concerns and the prolonged war in Ukraine continued to contribute to the volatility in global equity prices, wider credit spreads and higher interest rates, contributing to net losses in Equity investments and significantly lower net revenues in Lending and debt investments within Asset Management and significantly lower net revenues in Underwriting within Investment Banking. Net revenues in Global Markets reflected strong contributions from both Fixed Income, Currency and Commodities (FICC) and Equities, particularly in financing, and net revenues in Consumer & Wealth Management reflected growth in both Wealth management and Consumer banking.
Provision for credit losses was $667 million for the second quarter of 2022, compared with a net benefit of $92 million in the second quarter of 2021. Provisions for the second quarter of 2022 reflected portfolio growth (primarily in credit cards) and the impact of broad macroeconomic concerns. The net benefit for the second quarter of 2021 reflected reserve reductions as the economic environment continued to improve following the initial impact of the coronavirus(COVID-19)

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	8th grade Avg

New words: andcustomer, areaccounted, borrowingsand, Bright, duty, Education, error, liaise, NNIP, nonconforming, Oscar, Reata, recommended, released, replead, Retaliatory, Riskified, thesecond, Transfersinto, unitsexceeded, valueoption, velocity, whichincorporate

Removed: aggravated, Alnylam, Altice, elevated, resurgence, sharp, suspension, variant, vast

From filing 10-Q 2022 Q2

Financial reports

View all