The firm operates through Global Banking & Markets, Asset & Wealth Management, and Platform Solutions segments. Goldman Sachs has strategically expanded into stable fee-based businesses such as asset and wealth management, which represented approximately 30% of post-provision revenue at the end of 2024, offering a more predictable return profile.
Cyborg Score Rationale
Goldman Sachs generated $58.3 billion in revenue in 2025, a 9% increase year-over-year, with earnings of $51.32 per share. In Q4 2025, the firm posted EPS of $14.01, exceeding analyst expectations of $11.66. The stock trades at roughly 16.2x projected 2026 earnings, a meaningful discount compared to the S&P 500 at 21.5x forward earnings.
Top Insights
Q4 2025 earnings beat analyst expectations, with trading revenue surging 25% in equities YoY driven by elevated asset prices and market volatility
Strategic diversification into asset and wealth management now provides 30% of revenue with more stable, recurring fee streams
Trading at a meaningful 16.2x forward earnings discount versus S&P 500, yet delivering strong returns and aggressive capital deployment
Elevated market volatility early 2026 and M&A momentum expected to continue supporting trading and investment banking revenues
Named Competitors
JPMorgan Chase — Diversified financial services and investment banking
Morgan Stanley — Global wealth management and investment banking
Bank of America — Integrated banking and investment services
Recent Developments
(January 2026) Goldman Sachs reported full-year 2025 net revenues of $58.28 billion and net earnings of $17.18 billion
(January 2026) Q4 2025 earnings of $14.01 per share beat consensus of $11.66 by 20.15%
(Q4 2025) Equity trading revenue surged 25% YoY to $4.31 billion; fixed income trading climbed 12% to $3.11 billion
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