New York, January 23, 2026, 11:52 (EST) — Regular session.
Shares of The Goldman Sachs Group Inc (GS) dropped 2.9%, slipping $27.38 to $927.27 in late-morning trading on Friday.
U.S. stocks stumbled, dragged down by Intel’s steep drop after issuing a gloomy forecast. Concerns over tariffs linked to Greenland added to the jittery mood. “Guidance now is more critical than ever,” said Peter Cardillo, chief market economist at Spartan Capital Securities. Investors are bracing for next week’s Federal Reserve decision alongside major earnings reports from Apple, Microsoft, and Tesla. (Reuters)
Goldman’s slide hit the Dow hard, given it’s a price-weighted index where pricey stocks pack more punch. MarketWatch calculated that Goldman and American Express combined knocked roughly 204 points off the Dow in early trading. (MarketWatch)
Off the trading floor, Goldman has been ramping up efforts to secure more fee-based revenue from alternatives. The Wall Street Journal reported the bank raised $2.8 billion for a fourth private-equity co-investment fund, with “Goldman Sachs [current and former] employees” contributing 10% of the capital, according to Michael Brandmeyer. Co-investing involves investors putting money directly into specific deals alongside buyout firms, rather than committing to a blind-pool fund. (Wall Street Journal)
Goldman Sachs is one of four banks in the running for senior roles on a possible SpaceX IPO, a source told Reuters. Also in consideration are Bank of America, JPMorgan Chase, and Morgan Stanley, though the list could shift depending on market conditions. (Reuters)
Goldman’s research team is making waves in commodities. The bank raised its gold price target for the end of 2026 to $5,400 an ounce, up from $4,900. This boost is fueled by private-sector buying and demand from emerging-market central banks. Spot gold reached $4,887.82 on Wednesday, according to Reuters. (Reuters)
The bank is still processing its latest results after reporting a fourth-quarter profit beat last week, driven by strong dealmaking and trading. It also expressed confidence in investment banking prospects for this year. (Reuters)
Goldman bulls face a real risk: a geopolitical flare-up or the Fed stepping back from rate-cut speculation could slam the brakes on underwriting activity and delay M&A deals. Usually, those pressures hit the stock price long before they show up on the income statement.
Traders are now eyeing the Fed’s January 27-28 meeting. The policy decision lands on Wednesday, January 28 at 2:00 p.m. ET, followed by Chair Jerome Powell’s remarks at 2:30 p.m. (Federalreserve)
