NEW YORK, Jan 6, 2026, 19:38 EST — After-hours
- Goldman Sachs shares rose 0.7% after hours to $955.47
- New league-table data again put Goldman at the top of 2025 global M&A rankings
- Investors now look to Jan. 15 results for a read on 2026 fee momentum
Goldman Sachs Group Inc shares rose in after-hours trading on Tuesday, extending recent gains after fresh data showed the bank again led global merger advising last year. The stock was up 0.7% at $955.47, after swinging between $943.86 and $958.55 in the session.
The update matters heading into U.S. bank earnings season, when investors will look for evidence that a rebound in dealmaking is feeding through to investment-banking fees. A preliminary prospectus supplement dated Jan. 5 said Goldman expects to file its quarterly earnings release for the quarter and year ended Dec. 31, 2025 on Form 8-K on or about Jan. 15. SEC
In mergers and acquisitions, or M&A, Goldman topped the 2025 global “league tables” — rankings of banks by deal value and fee share — advising on $1.48 trillion of deals, or 32% of the market, LSEG data showed. Goldman’s global co-head of M&A Stephan Feldgoise described 2025 as “an extraordinary M&A market,” citing a “ubiquity of capital,” in the bank’s 2026 outlook. Reuters
Investment-banking revenue remains a focal point across Wall Street after 2025 produced one of the strongest fee pools on record, according to industry tallies. JPMorgan led overall global investment-banking rankings, followed by Goldman and Bank of America, the Financial News analysis of league-table data showed. F.N. London
Analysts have also turned more upbeat on the stock’s valuation and fee setup. Barclays raised its price target on Goldman to $1,048 from $850 and kept an Overweight rating, according to a note summary published by TheFly. TipRanks
Technicians are watching whether the rally holds above recent breakout levels. Investors’ Business Daily said Goldman rose more than 4% on Monday and pushed through a $919.10 chart level that some traders track as a potential support area on pullbacks. Investors
On the corporate side, Goldman said on Monday it completed its acquisition of Industry Ventures, a venture-capital platform, as it looks to deepen its alternatives footprint. Goldman Sachs
But dealmaking is cyclical, and the stock’s sensitivity to market confidence cuts both ways. A drop in equity markets, tighter financing conditions or a shift toward tougher antitrust scrutiny could slow new mandates and pressure fee expectations.
The next catalyst is Jan. 15, when Goldman is expected to publish results and investors will parse investment-banking fees, trading revenue and management’s view of the 2026 M&A pipeline.
