Goldman Sachs just handed shareholders a bigger quarterly check for the second time this year, but the real question is whether the earnings surge and capital cushion that made it possible can hold long enough to justify expecting another raise.
Goldman Sachs Group Inc (NYSE:GS, XETRA:GOS)' board has discussed a succession plan that could see COO John Waldron succeed David Solomon as CEO as early as late 2027 or 2028, according to a Wall Street Journal report. Analysts at Bank of America say the move would come as little surprise.
The Goldman Sachs board has reportedly discussed replacing CEO David Solomon, 64, with president John Waldron, 57, as early as next year. But there's a key risk facing Goldman: Solomon may not be ready to give up his seat, and Waldron may not be willing to wait for it indefinitely.
COO John Waldron is poised to take the reins at Goldman Sachs, a move that would cap David Solomon's turbulent but highly profitable decade atop the Wall Street powerhouse and trigger a high-stakes leadership shuffle.
Goldman Sachs (GS) is upgraded to buy after a pullback this month, with recent Q2 earnings marking a fourth consecutive beat and robust earnings recovery momentum. GS continues to outperform key benchmarks YTD, driven by resilient dealmaking, global wealth management, and a diversified business model mitigating sector-specific risks. Despite trailing peers in some comparable metrics, GS maintains investment-grade ratings, strong dividend growth, and a premium valuation justified by durable earnings and balance sheet quality.
GS's softer Q3 FICC trends and rising expenses could temper the earnings benefit from its still-healthy IB pipeline.
David Solomon, chairman and chief executive officer of The Goldman Sachs Group NYSE: GS, said the firm is focused on expanding earnings, improving operating efficiency and building a more durable revenue base as it pursues growth across Global Banking & Markets and Asset & Wealth Management.
The Goldman Sachs Group, Inc. (GS) Presents at Barclays 24th Annual Global Financial Services Conference Transcript
Recently, Zacks.com users have been paying close attention to Goldman (GS). This makes it worthwhile to examine what the stock has in store.
Despite Tesla (NASDAQ: TSLA) stock generally being on an uptrend since it hit the 52-week lows in late July, Goldman Sachs (NYSE: GS) remains unconvinced that the rally can be sustained.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Goldman (GS) have what it takes?
Goldman Sachs (GS) reached $988.45 at the closing of the latest trading day, reflecting a -3.96% change compared to its last close.