Goldman Sachs shares have dropped about 10% since the firm reported second-quarter 2026 earnings a month ago, underperforming the S&P 500. The bank posted earnings per share of $20.98, beating the Zacks Consensus Estimate of $14.47 and surging 92% from $10.91 a year earlier. Net revenues rose 39% to $20.34 billion, driven by record equities revenues of $7.42 billion and a 55% jump in investment banking fees to $3.40 billion. Net earnings attributable to common shareholders climbed 84% to $6.40 billion, while total assets under supervision reached a record $4.04 trillion. Despite the strong results, higher operating expenses and a subsequent negative share trend have raised questions about the stock's near-term direction.
