The Goldman Sachs Group Inc

GS: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	LT?	LOCK\|S@	LOCK\|S$$lMl

Goldman Sachs: Investment Banking Recovery Drives Strong Results, but Shares Still Look Expensive

Sean Dunlop

Oct 14, 2025

Goldman Sachs reported third-quarter results, highlighted by a sharp acceleration in investment banking revenue as capital markets thaw. Despite quarterly outperformance, shares fell 2%-3% after the release, perhaps attributable to slowing equity trading and fixed-income financing growth.

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The Goldman Sachs Group Inc

Goldman Sachs: Investment Banking Recovery Drives Strong Results, but Shares Still Look Expensive

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