New York, January 5, 2026, 17:49 (EST) — After-hours
- Goldman Sachs shares were up 3.8% after hours, last at $948.44.
- Goldman said it closed its acquisition of venture capital platform Industry Ventures. Goldman Sachs
- Barclays raised its Goldman price target to $1,048 from $850, keeping an Overweight rating. TipRanks
Goldman Sachs shares rose 3.8% in after-hours trading on Monday, extending gains after the Wall Street bank said it closed its acquisition of venture capital platform Industry Ventures. Goldman Sachs
The move comes as investors rotate into financials and position for the next wave of bank earnings, betting that trading and deal activity can hold up early in 2026. The S&P 500 financials index jumped 2.2% in Monday’s session, and Goldman and other big banks hit record highs. Reuters
Goldman is scheduled to announce fourth-quarter results on Jan. 15, a date that is now a near-term catalyst for the stock after a strong run into year-end. Macro data this week — especially Friday’s U.S. payrolls report — is also in focus because interest-rate expectations can move bank valuations quickly. Goldman Sachs
Goldman said Industry Ventures will sit inside its External Investing Group, part of the firm’s external manager platform, which it said has more than $500 billion in assets under supervision — a broad measure that includes client assets it manages as well as some it oversees. Goldman also pegged its alternatives platform at $576 billion as of Sept. 30, 2025. Goldman Sachs
“The addition of Industry Ventures creates a multiplier effect for Goldman Sachs to be a premier solutions provider to the fastest growing companies and sectors in the world,” Chief Executive David Solomon said. Goldman Sachs
Goldman agreed in October to buy Industry Ventures for $665 million in cash and equity at closing, plus up to $300 million of additional payments tied to performance through 2030, it said at the time. Industry Ventures managed about $7 billion in assets under supervision and has focused on “secondaries” — buying stakes in existing venture or private funds — alongside primary investments. Goldman Sachs Asset Management
Analysts also pushed targets higher into the move. Barclays lifted its price target to $1,048 from $850 and reiterated an Overweight rating — meaning it expects the stock to outperform peers in its coverage universe — citing trends it said could carry into 2026. TipRanks
Goldman’s gains tracked strength across the group. JPMorgan was up 2.7% and Morgan Stanley rose 2.6% in the latest trade, underscoring a broader bid for large-cap banks.
The macro backdrop remains the swing factor. Data on Monday showed U.S. manufacturing activity contracted further in December, and investors are watching whether labor-market data reinforces the market’s rate-cut expectations after a year of easing. Reuters
Risks sit on both sides of the ledger: hotter inflation or a stronger-than-expected jobs print can push rate cuts out and pressure bank stocks, while any wobble in dealmaking or capital markets activity would hit the earnings narrative investors are paying up for. Private-market valuations and integration execution around acquisitions are also a variable for asset-management growth stories.
Next up are Tuesday’s ISM services data, Friday’s U.S. employment report, and Goldman’s Jan. 15 earnings release and conference call, with the Fed’s next policy meeting set for Jan. 27–28. Bureau of Labor Statistics
