New York, Jan 24, 2026, 05:50 EST — Market closed.
- Goldman Sachs shares dropped 3.75% on Friday, ending the day at $918.88 following a volatile session with swings exceeding $20.
- A regulatory filing revealed CEO David Solomon’s compensation for 2025 climbed to $47 million, driven largely by stock awards.
- Investors are entering Monday with a sharp eye on policy risks and the upcoming earnings reports that could validate current market valuations.
Shares of Goldman Sachs Group Inc fell 3.75% to close at $918.88 on Friday, with intraday swings between $917.05 and $937.19. After-hours trading saw little movement, keeping the stock flat. (Investing)
The decline is significant since Goldman serves as a key Wall Street indicator, with its shifts often influencing broader sentiment around dealmaking and market liquidity.
This comes just before a busy week packed with catalysts, a period when traders often crack down on anything that seems like “too much” — whether that’s pricing, risk, or optimism — particularly in financial stocks.
The Dow slipped 0.58% on Friday, while the S&P 500 barely moved, dragged down by Intel’s 17% plunge after a grim forecast, Reuters reports. “We feel pretty good about where we are today,” said Jason Blackwell, chief investment strategist at Focus Partners Wealth. Julian McManus, portfolio manager at Janus Henderson, described the market as entering a “show-me” phase. (Investing)
Goldman revealed in a Form 8-K that its board pegged CEO David Solomon’s 2025 compensation at $47 million, rising from $39 million the previous year. The breakdown: $2 million salary and $45 million in variable pay. This includes $31.5 million in performance share units tied to firmwide goals, $10.1 million in cash, and $3.4 million linked to a carried-interest program. The committee pointed to a 57% total shareholder return in 2025, combining share gains and dividends. They also noted the firm reported $58.28 billion in net revenue, $17.18 billion in net earnings, and a 15% return on equity. (SEC)
Solomon’s pay package outstripped JPMorgan Chase CEO Jamie Dimon’s $43 million reported just a day before, Reuters noted. Goldman also appointed President and COO John Waldron to its board, signaling him as a likely successor, the outlet added. Goldman’s stock climbed 53.5% in 2025, according to Reuters. (Reuters)
Goldman Sachs raised its gold price target for the end of 2026 to $5,400 an ounce, up from $4,900. The bank pointed to private investors and central banks in emerging markets shifting their portfolios toward bullion. (Reuters)
Goldman investors are now watching to see if volatility will sustain market activity or bring underwriting and merger talks to a halt. Friday’s sharp intraday swings highlighted just how fast risk appetite can shift.
Yet the setup works both ways. A sudden jump in bond yields or fresh trade-related turmoil could drag down equities and client activity simultaneously — a tough scenario for any investment bank.
The Federal Reserve’s two-day meeting on Jan. 27-28 is the next major event on the calendar. The Fed has scheduled its announcement for 2:00 p.m. on Jan. 28, followed by a press conference at 2:30 p.m. U.S. markets will reopen Monday, Jan. 26, with investors closely monitoring whether bank stocks continue to slide after Friday’s selloff. (Federalreserve)
