NEW YORK, December 31, 2025, 14:39 ET — Regular session
- Goldman Sachs shares down about 0.3% in afternoon trading
- New York Fed repo backstop sees record year-end borrowing, highlighting demand for cash
- Focus turns to Jan. 15 earnings and the Fed’s Jan. 27-28 policy meeting
Goldman Sachs shares slipped on Wednesday as U.S. stocks drifted lower in holiday-thin trading on the final session of 2025. The stock was down 0.3% at $881.64 after swinging between $876.75 and $886.26 earlier in the day.
The muted move still matters because year-end trading can exaggerate small flows. Portfolio rebalancing, tax positioning and balance-sheet constraints often make liquidity patchy, especially in big financial names.
Traders were also watching short-term funding markets, where banks and dealers typically hunt for cash at quarter- and year-end. Signs of strain can spill into bank shares by shifting funding costs and risk appetite.
In the broader market, Wall Street’s main indexes were modestly lower. At 1:47 p.m. ET, the Dow was down 0.19%, the S&P 500 was off 0.15% and the Nasdaq slipped 0.12%, though all three were still on track to finish the year with strong gains, Reuters reported.
Adding to the year-end focus, eligible firms borrowed a record $74.6 billion from the New York Fed’s Standing Repo Facility, Reuters reported. The “repo” market—short for repurchase agreements—is where firms raise short-term cash, often by borrowing against Treasuries; the Fed’s facility is designed to keep those rates from spiking. “It appears the funding market is more secure, there’s less panic, and more confidence that the SRF is working,” said Scott Skyrm of Curvature Securities. Reuters
Other large U.S. banks traded in a narrow range. JPMorgan shares were up about 0.2%, while Morgan Stanley was down about 0.4%.
Rates remained a key cross-current for the sector. The 10-year U.S. Treasury rate was around 4.14%, a benchmark that influences everything from bank funding costs to the appeal of dividend-paying financial stocks versus bonds.
Goldman’s shares are up about 57% so far in 2025, leaving investors more sensitive to any late-year profit-taking and positioning into January.
The Goldman Sachs Group is a global financial institution with businesses spanning investment banking, trading and asset and wealth management.
The next clear company catalyst is earnings. A Dec. 30 prospectus supplement said Goldman intends to file its quarterly earnings release for the quarter and year ended Dec. 31, 2025 on Form 8-K on or about Jan. 15, 2026.
After that, the market’s focus shifts quickly back to policy. The Fed’s next rate-setting meeting is scheduled for Jan. 27-28, and U.S. equity markets are closed on Jan. 1 for New Year’s Day before reopening on Jan. 2, according to official calendars.
For short-term traders, Wednesday’s intraday range set the near-term markers, with liquidity expected to improve once the holiday passes. Year-end price action often fades when full trading volumes return.
