NEW YORK, Dec. 27, 2025, 10:53 a.m. ET — Market Closed
Goldman Sachs Group, Inc. (NYSE: GS) heads into the weekend with U.S. markets shut and year-end trading volume thinning out across Wall Street. With the next regular session not starting until Monday morning, investors are using the pause to digest a fresh client-notification story tied to a third-party data incident, plus a broader “Santa Claus rally” backdrop that has kept major indexes close to record territory.
GS shares last closed at $907.04 on Friday, down 0.41%, after trading between $913.32 and $905.31. In late trading, GS was $906.66 at about 7:56 p.m. ET, essentially flat after the close. StockAnalysis
Where Goldman Sachs stock stands as markets pause
Even with markets closed today, Friday’s tape matters because liquidity can stay light into the final sessions of the year—potentially amplifying moves on headlines, positioning, and macro surprises.
- GS (Friday close): $907.04 (–0.41%) StockAnalysis
- Financials backdrop (XLF ETF): $55.62 (–0.21%)
- Broad market tone: Wall Street ended Friday’s post-Christmas session only marginally lower, with the Dow, S&P 500 and Nasdaq slipping by less than 0.1% amid very light volume. Reuters
Reuters cited Ryan Detrick, Chief Market Strategist at Carson Group, describing the session as the market “catching our breath” after a strong run, with the seasonal “Santa Claus rally” window still in play into early January. Reuters
The headline investors are watching: a third-party data incident tied to an outside law firm
The most notable Goldman-specific development in the last 24–48 hours is a client warning tied to a cybersecurity incident at an external law firm that works with some of the bank’s alternative investment funds.
Bloomberg Law reported that Goldman warned investors in some alternative funds that their data may have been exposed in a breach at Fried Frank Harris Shriver & Jacobson LLP. The report references a Dec. 19 letter, in which Goldman said it was working with the law firm to better understand whether any client or fund data may have been exposed. Bloomberg Law
A separate PYMNTS report also described the same situation and included statements attributed to Goldman and Fried Frank—most importantly, that Goldman’s own systems were not impacted and that the firm would continue working to safeguard clients and their data. Pymnts
Why it matters for GS stock:
While the incident is framed as third-party (not a breach of Goldman’s internal systems), investors typically watch these events for potential follow-ons: client communications, remediation costs, regulatory scrutiny, litigation risk, and reputational impact—especially given how markets have reacted in recent years to cybersecurity surprises across financial services.
Goldman research in the news: markets are “less impressed” by layoff announcements
Another Goldman-driven item circulating over the past two days is research suggesting investor reaction to layoff announcements has flipped.
- A Moneycontrol report, citing Goldman analysis, said stocks have been falling by about 2% on average following layoff announcements—particularly when companies label them “restructuring.” It also cited Goldman economist Ronnie Walker saying there is limited evidence that AI is driving economy-wide layoffs so far, with a clearer signal being a pullback in hiring. Moneycontrol
- Benzinga similarly summarized Goldman’s findings and pointed to a shift in how markets interpret layoffs tied to automation or technology initiatives. Benzinga
Relevance for Goldman investors: these kinds of research narratives can influence how markets price corporate guidance and cost-cutting across Goldman’s client base—affecting deal activity, equity issuance, and trading flows that feed into investment-banking and markets revenue.
Wall Street forecasts: where analysts see GS heading next
Analyst outlook remains mixed at current price levels.
MarketBeat’s aggregation of Wall Street ratings shows:
- Consensus rating: Hold (based on 22 analyst ratings)
- Average 12-month price target:$792.67 (implying downside versus recent prices)
- Range of targets:$600 (low) to $971 (high) MarketBeat
Investors should treat consensus targets as directional, not deterministic—especially around year-end, when thin liquidity can temporarily push price action away from fundamentals.
Fundamentals check: the last official quarterly snapshot
The most recent quarterly results on Goldman’s investor site (Q3 2025) reported:
- Net revenues:$15.18 billion
- Net earnings:$4.10 billion
- Diluted EPS:$12.25
- Annualized ROE:14.2% Goldman Sachs
Management commentary in that release highlighted an “improved market environment” and referenced efforts to operate more efficiently, including help from “new AI technologies.” Goldman Sachs
What GS investors should know before the next session
Because the NYSE is closed for the weekend, the next real price discovery arrives Monday. Here are the key items to have on your radar before the opening bell:
1) Know the clock for the next U.S. session
NYSE core hours are 9:30 a.m. to 4:00 p.m. ET, with a late trading session running 4:00 p.m. to 8:00 p.m. ET. New York Stock Exchange
That matters for GS because headline-driven moves—especially around financials—often show up first in extended trading.
2) Watch for follow-ups on the third-party data incident
The market will be listening for any added clarity: the scope of impacted clients/funds, whether any specific data fields were exposed, and whether any legal filings or regulator notices emerge beyond what’s already been reported. Bloomberg Law
3) Dividend timing is near—though the ex-date has passed
StockAnalysis lists GS’s most recent quarterly dividend as $4.00, with the last ex-dividend date of Dec. 2, 2025, and a pay date of Dec. 30, 2025. StockAnalysis
For investors, the key point is simple: buying after the ex-date does not entitle a shareholder to that specific payment.
4) Earnings are the next major catalyst—and the date is set
Goldman has published its 2026 earnings call schedule, including Q4 2025 results on Thursday, Jan. 15, 2026 (with results typically released around 7:30 a.m. ET and a conference call at 9:30 a.m. ET). Goldman Sachs
As that date approaches, GS options activity and analyst commentary can intensify—often influencing short-term price swings.
The bottom line for GS heading into Monday
With the market closed today, Goldman Sachs stock enters the final stretch of 2025 trading amid (1) a strong year-end equity backdrop, (2) a developing client-notification story tied to an outside law firm’s cybersecurity incident, and (3) a consensus analyst stance that’s cautious at current levels.
For Monday’s open, traders are likely to key off two things first: any fresh updates on the third-party data issue and the broader year-end risk-on/risk-off tone as the “Santa Claus rally” window continues. Reuters
