BMO cuts Goldman Sachs target to USD 970.00. Goldman Sachs stock falls 2.62 percent
Published on 10/07/2026 at 16:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Goldman Sachs (ISIN US38141G1040) was trading at EUR 777.90 at Lang & Schwarz on October 7, 2026 at 4:01 p.m. CEST, down 2.62 percent versus the EUR 798.80 prior close of October 6, 2026. On October 6, 2026, Markets Insider reported that BMO Capital cut its price target from USD 972.00 to USD 970.00 and kept a Market Perform rating.
BMO trims its target
The target reduction was part of a research note previewing third-quarter results. BMO Capital cited a darker late-quarter backdrop after a rate shock tightened financial conditions, while also arguing that compressed broker valuations reduce exposure to a cooling environment, according to Markets Insider.
Second-quarter earnings set the bar
Goldman Sachs generated USD 20.34 billion in revenue and USD 20.98 in earnings per share in the second quarter of 2026, alongside a 23.5 percent annualized return on common equity, according to Yahoo Finance. The company described those figures as records, while its investor-relations page dated the earnings release July 14, 2026 and reported the same USD 20.98 earnings per share figure, according to Goldman Sachs.
October 13 brings the next test
The next scheduled reporting date is October 13, 2026, according to Marketscreener. Goldman Sachs had a market capitalization of USD 256.5 billion as of October 7, 2026, giving the upcoming report importance beyond the modest BMO target cut.
Stock trades lower in Frankfurt
At Lang & Schwarz, Goldman Sachs stock was trading at EUR 777.90 on October 7, 2026 at 4:01 p.m. CEST, down 2.62 percent versus the EUR 798.80 prior close. The further course of trading is shown by the continuously updated real-time quote of Goldman Sachs stock.
Goldman Sachs stock facts
- Company: The Goldman Sachs Group, Inc.
- ISIN: US38141G1040
- Ticker: GS
- Primary exchange: NYSE
- Price Lang & Schwarz as of October 7, 2026, 4:01 p.m. CEST: EUR 777.90
- Change versus prior close: minus 2.62 percent
- Prior close Lang & Schwarz October 6, 2026: EUR 798.80
- Market capitalization: USD 256.5 billion as of October 7, 2026
- Sector / Industry: Financial Services / Financial - Capital Markets
- Index membership: S&P 500
- Next earnings date: October 13, 2026
