Goldman Sachs Upgraded to Buy Following Second Dividend Hike in 2026

Key Facts

1Goldman Sachs received a rating upgrade from Hold to Buy, with shares trading at $887.21.

2The company is expected to release Q3 earnings on October 13, with EPS estimates ranging from $13.35 to $13.89.

3The company increased its quarterly dividend for the second time in 2026, supported by a robust capital position.

Goldman Sachs received a rating upgrade from Hold to Buy according to Financial Modeling Prep, with shares trading at $887.21 at the time of the update. The company also increased its quarterly dividend for the second time in 2026, a move attributed by 24/7 Wall Street to a robust capital position and strong corporate earnings expectations.

GS closed at $887.21 on October 7, 2026, underperforming the broader market on that day, while peers JPMorgan Chase and Morgan Stanley closed at $329.58 and $189.71 respectively on the same date. Markets are now focusing on the Q3 earnings release scheduled for October 13, 2026, with EPS estimates ranging from $13.35 to $13.89 and projected revenue growth of 11.08%.