Goldman Sachs (GS, $201.09) misses Q3 earnings estimates, on lower investment banking revenue
Goldman Sachs reported lower-than-expected third quarter earnings, amidst declining investment banking revenues.
The financial behemoth’s earnings for the three months ending in September decreased -23.7% year-over-year to $4.79 per share, falling short of the Street consensus expectation by 5 cents. It's the first earnings miss for Goldman in at least two years, according to Refinitiv data.
Total revenues fell -6% from the prior year quarter to $8.32 billion, which is lower than analysts' estimates of $8.42 billion.
Revenues from Goldman’s fixed income desk rose +8% to $1.41 billion, and equity market revenues climbed + 5% to $1.88 billion on the back of higher fees and increased client activity.
However, investment banking revenues for the company plunged -15% year-over-year to $1.69 billion in the quarter.
GS's MACD Histogram just turned positive
The Moving Average Convergence Divergence (MACD) for GS turned positive on November 26, 2025. Looking at past instances where GS's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 52 cases where GS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
GS moved above its 50-day moving average on November 24, 2025 date and that indicates a change from a downward trend to an upward trend.
The 10-day moving average for GS crossed bullishly above the 50-day moving average on October 31, 2025. This indicates that the trend has shifted higher and could be considered a buy signal. In of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where GS advanced for three days, in of 348 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 309 cases where GS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for GS moved out of overbought territory on November 13, 2025. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 43 similar instances where the indicator moved out of overbought territory. In of the 43 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on November 17, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on GS as a result. In of 74 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where GS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
GS broke above its upper Bollinger Band on November 12, 2025. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 77, placing this stock better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating outstanding price growth. GS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (2.240) is normal, around the industry mean (3.836). P/E Ratio (16.575) is within average values for comparable stocks, (70.720). Projected Growth (PEG Ratio) (1.160) is also within normal values, averaging (1.746). Dividend Yield (0.016) settles around the average of (0.035) among similar stocks. P/S Ratio (4.470) is also within normal values, averaging (1561526.375).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
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a provider of investment banking, securities and asset management services
Industry InvestmentBanksBrokers
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