New York — Monday, Dec. 15, 2025 (after the close) — Shares of The Goldman Sachs Group, Inc. (NYSE: GS) finished Monday’s regular session around $889 and were little changed in after-hours trading, as investors balanced fresh Goldman-specific headlines with a broader market that drifted modestly lower ahead of a data-heavy week. [1]
Below is what happened after the bell on Dec. 15 — and what matters most before the market opens Tuesday, Dec. 16, 2025.
GS stock after the bell: where Goldman ended the day
Goldman shares closed near $889 and traded near $889.6 in late after-hours (as of early evening in New York). Intraday, the stock saw a high just above $904 and traded down toward the high-$880s at the low end of the session. [2]
Zooming out, GS remains close to its 52‑week highs, with MarketWatch data showing a 52‑week range that tops out a little above $919 (depending on the data source and timing). [3]
Why it matters: When a stock is trading near its yearly highs, even “good news” can trigger muted price action if optimism is already priced in — while macro surprises (rates, inflation, jobs) can hit sentiment quickly, particularly for financials.
The broader market backdrop: stocks slipped as investors braced for key U.S. data
U.S. equities ended slightly lower Monday, with the Dow down ~0.09%, the S&P 500 down ~0.16%, and the Nasdaq down ~0.59%. Investors positioned for a busy run of economic reports and tracked ongoing Fed-related headlines. [4]
For Goldman specifically, the macro mix matters because:
- Rates and rate expectations affect trading conditions, risk appetite, and dealmaking confidence.
- Volatility and volume can lift (or compress) key trading-related revenue lines.
- Corporate confidence influences M&A pipelines and capital markets issuance.
The biggest Goldman-specific news today: an investment banking reshuffle aimed at AI and digital infrastructure deals
One of the most important company headlines on Dec. 15 came from Reuters: Goldman is restructuring its Technology, Media, and Telecom (TMT) investment banking group to emphasize digital infrastructure and artificial intelligence-linked deal opportunities.
According to the Reuters report, Goldman is creating two new specialized teams, including a Global Infrastructure Technology group (combining telecom and “CoreTech”) and a Global Internet and Media group, with new leadership assignments laid out in an internal memo. [5]
Why investors care: This is a “positioning” story. In a market where AI buildout, data centers, connectivity, semiconductors, and platform consolidation can generate large advisory and financing fees, Goldman is signaling it wants to be organized around where deal flow is expected to cluster.
Another notable headline: Goldman joins Bank of America in backing the Texas Stock Exchange funding push
Goldman also appeared in market-structure news: reports said Goldman Sachs and Bank of America invested in TXSE Group, increasing the Texas Stock Exchange initiative’s total capital raised to about $270 million as it prepares for a 2026 launch. [6]
Separately, TXSE itself has stated it received SEC approval of its Form 1 registration to operate as a national securities exchange and plans to launch trading and listings in 2026. [7]
Why this matters (even if it doesn’t move GS tomorrow): Market-structure shifts can affect trading economics over time. A credible new exchange competitor, extended-hours initiatives, and changes in the “plumbing” of equities markets may reshape where liquidity sits and how brokers, market makers, and exchanges compete for volume.
Asset & Wealth Management headlines: new model portfolios with T. Rowe Price and ETF liquidations
Goldman’s Asset & Wealth Management strategy also produced tangible news Monday:
1) Goldman Sachs Asset Management + T. Rowe Price roll out first joint model portfolios
A PR Newswire release announced the debut of the first co-branded model portfolios from Goldman Sachs Asset Management and T. Rowe Price, launching on the GeoWealth platform for registered investment advisors. The release also notes a fifth model portfolio is expected in the first half of 2026, targeting high-net-worth investors with features such as direct indexing and evergreen alternatives. [8]
Trade coverage echoed those details and framed the launch as the first visible output from the firms’ strategic alliance. [9]
2) GSAM announced liquidation plans for three “buffer” ETFs
In a Business Wire release dated Dec. 15, GSAM said the board approved plans to liquidate three U.S. Large Cap Buffer ETFs, and the release explicitly links the decision to Goldman’s previously announced agreement to acquire Innovator Capital Management (a defined outcome ETF specialist). The release includes timelines for outcome period endings and expected liquidation dates stretching into early 2026. [10]
Why investors care: This is part of a broader “product lineup rationalization” theme — streamline overlapping products while building scale in areas Goldman views as strategic (like defined outcome ETFs). Goldman previously announced its agreement to acquire Innovator Capital Management on Dec. 1. [11]
What to know before the market opens Tuesday (Dec. 16): the “delayed data” problem is real — and Goldman flagged distortions
The most immediate potential driver for GS into Tuesday’s open isn’t another corporate headline — it’s macro data risk.
A Reuters report explained how the recent U.S. government shutdown disrupted key economic data collection, creating gaps and oddities in releases scheduled for this week. Reuters noted that delayed employment figures for October and November are due, while some statistics (like October’s unemployment rate) are missing, and inflation reporting will be imperfect because October CPI data was canceled and cannot be fully reconstructed. [12]
Crucially, Reuters also reported that Goldman Sachs warned the data issues could distort inflation readings, including because price collection timing shifted later in November, potentially affecting observed discounting patterns. [13]
Tuesday morning’s key scheduled releases (before/around the opening bell)
Market calendars for this week highlight Tuesday, Dec. 16 as a major day, including delayed jobs data, retail sales, and PMI-style activity readings. [14]
The U.S. Census Bureau also confirmed that the October 2025 advance retail sales release was rescheduled for Dec. 16, 2025. [15]
Why it matters for Goldman: Financial stocks often react to what data implies for the Fed path and Treasury yields, and Goldman can also be sensitive to shifts in expectations for market activity and capital markets issuance. With “messier than usual” data, markets may move more on interpretation — and revisions — than on the headline itself.
A second market-structure catalyst to keep on the radar: Nasdaq’s push to extend trading hours
Late Monday, Reuters also reported Nasdaq is seeking to extend trading hours as Wall Street inches toward more round-the-clock market access, following similar moves by other venues. [16]
This won’t typically change Goldman’s stock in a single session by itself, but it reinforces a theme investors are watching: competition among exchanges and trading venues, and potential downstream impacts on liquidity, execution, and trading costs.
Forecasts and analyst view: bullish ratings, but mixed upside assumptions
Analyst sentiment snapshots are currently positive-to-neutral, depending on the source:
- Barchart’s consolidated view shows an overall “Moderate Buy” stance (based on a mid‑3’s score on a 1–5 scale). [17]
- MarketBeat’s compilation shows many firms clustered around “hold/neutral,” with its displayed average 12‑month price forecast below the current price — while the high-end targets reach $900. [18]
Meanwhile, a Bank of America note reported by Proactive Investors (from investor meetings with Goldman executives) described a Buy view and argued for 2026 EPS potential supported by themes like an M&A rebound and AI-linked financing, alongside capital deployment flexibility. [19]
Separately, Zacks commentary highlighted that Goldman has been trading near a 52‑week high and referenced upward revisions in earnings estimates for 2025–2026 in its dataset. [20]
How to interpret the mix:
When a stock is already near highs, the market can effectively demand fresh catalysts (stronger deal flow, better trading conditions, positive regulation, or clearer rate-cut timing) to justify another leg up — even if the business outlook remains solid.
A practical checklist for GS investors before Tuesday’s opening bell
Here’s what to monitor between now and the Tuesday open (Dec. 16):
- After-hours / premarket tone in financials
GS often trades with the broader “capital markets” complex. Watch whether banks and brokers firm up or fade as futures react to overnight headlines. [21] - Treasury yields and Fed expectations
Markets are still parsing the rate path and Fed leadership chatter; Reuters highlighted that investors are weighing policymaker commentary and Fed-related reporting. [22] - The “delayed jobs + delayed retail sales” impact on rate pricing
Tuesday’s releases are unusual because of shutdown-related data gaps and schedule changes, with retail sales for October officially rescheduled to Dec. 16. [23] - Any follow-through on Goldman’s TMT reorganization headline
This is not an earnings item, but it reinforces Goldman’s intent to capture AI/digital-infrastructure advisory and financing activity. If the market is in an “AI bubble fears” mood, reactions can be counterintuitive. [24] - Market-structure headlines (TXSE + extended-hours trading)
Goldman’s name is in the mix on TXSE funding news, while Nasdaq’s extended-hours push adds to the broader debate on how U.S. equity trading evolves. [25] - Know the next hard date on Goldman’s calendar
Goldman has said it plans to announce fourth quarter 2025 results on Thursday, Jan. 15, 2026 (with results released around 7:30 a.m. ET). [26]
Bottom line for Tuesday’s open
As of after-hours Monday (Dec. 15), GS stock is steady near $889, but Tuesday’s opening direction may be less about another Goldman headline and more about how markets digest an unusually complicated batch of U.S. economic data — with the added twist that Goldman itself has warned shutdown-related gaps could distort inflation signals. [27]
References
1. stockanalysis.com, 2. stockanalysis.com, 3. www.marketwatch.com, 4. www.reuters.com, 5. www.reuters.com, 6. www.investing.com, 7. www.txse.com, 8. www.prnewswire.com, 9. www.wealthmanagement.com, 10. www.businesswire.com, 11. www.goldmansachs.com, 12. www.reuters.com, 13. www.reuters.com, 14. www.kiplinger.com, 15. www.census.gov, 16. www.reuters.com, 17. www.barchart.com, 18. www.marketbeat.com, 19. www.proactiveinvestors.com, 20. www.nasdaq.com, 21. www.reuters.com, 22. www.reuters.com, 23. www.reuters.com, 24. www.reuters.com, 25. www.investing.com, 26. www.goldmansachs.com, 27. stockanalysis.com
