Goldman Sachs Q3 Revenue Jumps 23% to $18.7B, Joins $500B AI Push, Declares $5 Dividend
GS sits 21% above its 52-week low of $740.01 on elevated volume (2.4× avg).
Summary
Goldman Sachs reported Q3 2026 revenue of $18.68 billion, up 23% year-over-year, with net income of $5.29 billion and EPS of $17.01. Equities trading surged 72% to $6.44 billion, while FICC slipped 1% to $3.47 billion. Investment banking fees reached $3.22 billion and Asset & Wealth Management revenue rose 14% to $5.05 billion. The firm also declared a quarterly dividend of $5.00 per share, payable December 30, 2026. Separately, Goldman joined Nvidia and five other banks to launch AI compute platforms targeting over $500 billion in third-party capital. This follows the Q2 record revenue of $20.34 billion and the recent acquisitions of NEOS Investments and LCN Capital Partners, which pushed assets under supervision to $4.1 trillion. The strong equities performance and AI infrastructure initiative signal continued momentum in high-margin businesses, though FICC softness was previously flagged by CEO David Solomon. The $5 dividend and $3 billion in buybacks underscore capital return strength.
At the time of this announcement, GS was trading at $892.84 on NYSE in the Finance sector, with a market capitalization of approximately $259.7B. The 52-week trading range was $740.01 to $1,153.99. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Wiseek News.