Goldman Sachs is set to report its second-quarter 2026 results on Tuesday morning, July 14.
GS stock is up about 21% year-to-date, trading around $1,057 heading into the print.
The Goldman Sachs Group, Inc., GS
Wall Street is expecting earnings per share of $14.51, compared to $10.90 in the same quarter last year.
Revenue is forecast to come in at $16.22 billion, which would represent growth of over 48% year-over-year.
That expected growth rate is actually a slight slowdown from Q1, when Goldman reported revenues of $17.23 billion, up 14.4% year-on-year. The company also beat EPS estimates that quarter.
For Q2, analysts are modeling revenue growth of around 12.7% year-over-year — a moderation from the 14.5% growth recorded in Q2 last year.
Goldman has a track record of topping Wall Street estimates, and analyst sentiment heading into Tuesday has been largely stable, with most reconfirming their estimates over the past 30 days.
Bank of America analyst Ebrahim Poonawala raised his price target on GS to $1,150 from $1,050, keeping a Buy rating. BofA believes all eight major U.S. banks could beat Q2 estimates, driven by stronger net interest income and wealth management inflows.
Evercore ISI’s Glenn Schorr also bumped his target, moving it to $1,075 from $950, maintaining an Outperform rating.
Schorr pointed to strong capital markets conditions — rising equity prices, solid M&A activity, and healthy trading volumes — as tailwinds for Goldman.
He also flagged growing AI investment as a driver, noting that more companies are raising capital to fund AI buildouts, which benefits investment banks.
Options traders are bracing for a bigger-than-usual move. The implied move priced into options is 4.78% in either direction after earnings.
That’s nearly double Goldman’s average post-earnings move of 2.36% over the past four quarters.
On the peer front, results from other capital markets firms offer a mixed read. Jefferies posted 35% year-over-year revenue growth but missed estimates by 3.1%. FactSet grew revenues 6.4%, topping estimates by 1.1%.
Capital markets stocks have broadly risen 3.7% over the past month on average. GS is down 1.7% over that same stretch.
The average analyst price target on Goldman sits at $1,073.58, implying roughly 2% upside from current levels.
Of 13 analysts covering the stock, six rate it a Buy, six a Hold, and one a Sell — a consensus Moderate Buy rating.
Goldman Sachs reports before the market opens on Tuesday, July 14.
The post Goldman Sachs (GS) Stock: What Wall Street Expects from Q2 Earnings Tuesday appeared first on CoinCentral.
