New York, Jan 6, 2026, 11:20 EST — Regular session
The Goldman Sachs Group Inc NYSE:GS shares rose 0.6% to $953.95 in late-morning trade on Tuesday after Barclays raised its price target on the Wall Street bank to $1,048 from $850 and kept an Overweight rating, TheFly reported. Barclays said it expects the trends that drove double-digit earnings growth and bank stock outperformance in 2025 to carry into 2026.
The move comes after financial shares powered Monday’s rally that pushed the Dow to an all-time high, with Goldman, JPMorgan Chase and Morgan Stanley touching records as investors positioned for quarterly results and rate cuts later this year. The S&P 500 financials index rose 2.2%. “The mood has been favoring financial stocks,” said Steve Sosnick, chief market analyst at Interactive Brokers. Reuters
Talk of lighter capital rules has buoyed the group after the Trump administration signaled it wants to delay and water down the Basel III “Endgame” package — the final phase of post-crisis bank capital rules — and revisit the GSIB surcharge, an extra buffer for the biggest global lenders, Reuters reported. The Fed sets core equity tier-1 (CET1) capital requirements — a measure of high-quality capital — of about 10.9% to 11.8% for Wall Street banks including Goldman, the report said. “Say it quietly, but the U.S. may have a tougher approach,” said Jackie Ineke, chief investment officer at Spring Investments. Reuters
Goldman and Chevron drove much of the Dow’s early rally on Monday, with the two stocks accounting for about two-thirds of the index’s points gain, MarketWatch data showed. Goldman shares were up about 5% in morning trade, according to the report.
Wall Street edged higher on Tuesday as investors positioned for Friday’s U.S. jobs report, which can shift expectations for the Federal Reserve’s next move on interest rates, Reuters reported. The Labor Department’s employment report for December is due at 8:30 a.m. ET on Jan. 9, according to the Bureau of Labor Statistics schedule.
But the next data points carry downside risk for GS after its run to record levels. Minneapolis Fed President Neel Kashkari said there is a risk the jobless rate could “pop” higher, keeping the labor market in focus for rate-cut bets. Reuters
Goldman is scheduled to report fourth-quarter results on Jan. 15, with its earnings release due around 7:30 a.m. ET and a conference call at 9:30 a.m. ET, the bank said. Investors will watch trading revenue, investment-banking fees and expenses for signs the rally has room to run.
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