New York, January 27, 2026, 11:20 (EST) — Regular session
- Goldman shares fall in late-morning trading as investors digest new capital plans and leadership changes
- The bank added seven new members to its management committee from Asset & Wealth Management
- Goldman announced plans to redeem three preferred stock series come February
Shares of Goldman Sachs Group Inc dropped Tuesday following the announcement of seven new additions to its management committee and plans to redeem multiple series of preferred stock next month. The stock fell roughly 0.4%, trading at $928.31 late in the morning session.
The updates come amid a volatile week for markets, as investors digest earnings and await the Federal Reserve’s upcoming policy cues. Big banks often react sharply to shifts in rate forecasts since fluctuations in borrowing costs and trading climates can directly affect their revenue. (Reuters)
Goldman’s attention is sharper, zeroing in on who’s rising within the firm and how it’s handling its capital structure. These issues have gained prominence as investors demand more stable fee revenue and clearer funding sources following years of unpredictable deal activity.
Goldman announced Monday the addition of seven partners to its management committee, spanning private credit, public investing, wealth management, and alternatives in Asset & Wealth Management. CEO David Solomon described expanding this segment as “a core strategic objective” for the firm. (Goldman Sachs)
Goldman Sachs announced it will redeem all outstanding depositary shares linked to its Series Q, Series R, and Series S preferred stock on Feb. 10. These depositary shares allow investors to own a portion of a preferred share. Each will be redeemed at $1,000 plus any accrued dividends, with dividends stopping after the redemption date. (Goldman Sachs)
The stock’s shift mirrored a mixed day for U.S. financials. JPMorgan Chase slipped roughly 0.6%, Morgan Stanley inched higher, and Bank of America stayed flat. The Financial Select Sector SPDR Fund dipped around 0.8%.
Goldman has submitted a preliminary pricing supplement for callable S&P 500 index-linked notes via GS Finance Corp, with the parent company backing the notes, per a Jan. 26 SEC filing. These index-linked notes are debt instruments tied to an index, and “callable” indicates Goldman can redeem them before maturity under specified conditions. (SEC)
Traders remained wary of overinterpreting a subdued stock reaction. While leadership changes may hint at shifts in strategy, they don’t directly impact near-term earnings. Capital moves can reduce preferred dividends but also tap into cash and balance sheet resources.
The path ahead is clearer now. Investors are zeroing in on Wednesday’s Fed policy decision and the subsequent press conference, searching for any hints of a rate shift. This will be a major factor shaping bank stocks as earnings season moves forward. (Federal Reserve)
