Goldman Sachs (GS) is scheduled to announce its results for the fourth quarter of 2025 on Thursday, January 15. Shares of Bank of America (BAC), Wells Fargo (WFC), and Citigroup (C) declined on Wednesday, as their Q4 2025 results failed to impress investors. Meanwhile, GS stock has rallied about 63% over the past year, driven by the strength in the bank’s investment banking and bond trading revenues.
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Wall Street expects Goldman Sachs to report Q4 2025 earnings per share (EPS) of $11.70, reflecting a 2.1% year-over-year decline. Revenue is estimated to rise by 3.2% to $14.32 billion. While the bank is expected to benefit from solid advisory fees from mergers and acquisitions, its Q4 results might be impacted by a decline in revenue from private banking. Also, higher compensation costs are expected to weigh on the bottom line.
Analysts’ Views Ahead of Goldman Sachs’ Q4 Earnings
Heading into Q4 earnings, Bank of America analyst Ebrahim Poonawala increased the price target for Goldman Sachs stock to $1,050 from $900 and reaffirmed a Buy rating. Despite cyclical and regulatory tailwinds, the 5-star analyst noted that investors are concerned about the “inherent earnings volatility” associated with the capital markets business, which accounts for about 70% of overall revenue. That said, Poonawala added that the “stickier” financing revenue has outperformed the growth in trading revenue since 2021.
Meanwhile, HSBC analyst Saul Martinez lowered his price target for Goldman Sachs stock to $604 from $608 and retained a Hold rating. The analyst raised his 2025-26 adjusted EPS estimates across his bank stocks coverage by about 1% to 7% to reflect higher net interest income (NII), investment banking fees, and share repurchase estimates.
Here’s What Options Traders Anticipate
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry, the Options tool does this for you.
Indeed, it currently says that options traders are expecting about 3.55% move in either direction in GS stock in reaction to Q4 2025 results.
TipRanks’ AI Analyst Is Bullish on GS Stock
TipRanks’ AI Analyst has an Outperform rating on Goldman Sachs stock with a price target of $1,068, indicating a 14.5% upside potential. The AI Analyst’s bullish stance is based on solid operating performance, a constructive technical uptrend, and the strength in the asset and wealth management business.
Is GS Stock a Buy, Sell, or Hold?
Ahead of Q4 results, Wall Street has a Moderate Buy consensus rating on Goldman Sachs stock based on five Buys and seven Holds. The average GS stock price target of $846.60 indicates 9.23% downside risk following the solid rally over the past year.
