NEW YORK, December 28, 2025, 21:01 ET — Market closed
- Goldman Sachs shares closed down 0.4% on Friday in quiet post-holiday trading.
- Investors head into the final year-end sessions with Fed minutes due Dec. 30 and trading volumes still thin.
- Goldman is scheduled to report fourth-quarter results on Jan. 15, the company said.
Goldman Sachs shares slipped 0.4% to $907.04 at Friday’s close as U.S. markets eased in a subdued, post-Christmas session.
Why this matters now is simple: with the cash market shut for the weekend, investors are heading into the last few sessions of the year with fewer catalysts and lighter participation. Low turnover can make even modest rebalancing flows show up more clearly in big, liquid bank stocks. [1]
The next scheduled macro event lands early in the week. The Federal Reserve is set to release minutes from its Dec. 9-10 meeting on Dec. 30, a detailed account that investors use to gauge how unified policymakers were on the rate outlook. [2]
On Friday, the S&P 500 fell 2.11 points to 6,929.94, while the Dow Jones Industrial Average slipped 20.19 points in what the Associated Press described as a quiet, low-volume session after the holiday. [3]
Financials moved with the broader tape. The Financial Select Sector SPDR Fund dipped 0.2%, while JPMorgan Chase fell 0.4%, Bank of America eased 0.1% and Morgan Stanley edged up 0.1%.
Goldman traded between about $904 and $913 on Friday, with just under 1 million shares in volume.
“We’re just simply catching our breath today after the holiday,” said Ryan Detrick, chief market strategist at Carson Group. [4]
The rate backdrop remains central for banks. The Fed funds target range stands at 3.50% to 3.75%, according to the Federal Reserve’s policy-rate data. [5]
Those expectations can matter for bank stocks because they influence the outlook for net interest income — the spread between what banks earn on loans and pay on deposits — and can shift risk appetite for underwriting and trading.
For Goldman, the next company catalyst is earnings. The bank said it will report fourth-quarter results on Thursday, Jan. 15, with results expected around 7:30 a.m. ET and a conference call at 9:30 a.m. ET. [6]
Before the next session, traders will be watching whether year-end positioning keeps volumes light and price action choppy in financials, particularly in large-cap names that often get used for quick risk adjustments. [7]
On charts, the $900 level is a clear round-number marker for Goldman, with Friday’s low near $904 and resistance around $913, the session’s high.
After the minutes on Dec. 30, the Fed’s calendar shows its next policy meeting is scheduled for Jan. 27-28. [8]
Some investors also track the so-called “Santa Claus rally,” the seasonal stretch covering the last five trading days of the year and the first two of the next, for an early read on January sentiment. [9]
References
1. apnews.com, 2. www.federalreserve.gov, 3. apnews.com, 4. www.reuters.com, 5. www.federalreserve.gov, 6. www.goldmansachs.com, 7. apnews.com, 8. www.federalreserve.gov, 9. www.reuters.com
