3 Things Investors Need to Know About Goldman Sachs Stock in 2026

Core Insights - Goldman Sachs stock has surged 51% over the past year, driven by strong fourth-quarter earnings and a recovery in capital markets activity [1][3] - The company is well-positioned for further growth in 2026, particularly in investment banking, which is expected to accelerate [5][10] Investment Banking Performance - Goldman Sachs reported earnings per share (EPS) of $14.01, exceeding analysts' expectations of $11.65, with investment banking fees growing 25% year over year to $2.58 billion [3] - The investment banking backlog is at its highest level in four years, supported by a favorable regulatory environment and significant private equity capital [5] Strategic Changes - Goldman Sachs is exiting its Apple Card business, transitioning $20 billion in balances to JPMorgan Chase at a $1 billion discount, as part of a strategic pivot away from consumer banking [6][7] - The company is focusing on asset and wealth management, which are expected to provide more stable revenue and profitability [7] Technological Advancements - Goldman Sachs is implementing AI-driven efficiencies through the "One Goldman Sachs 3.0" operating model, aiming to enhance productivity and capital allocation [8][9] - Management has identified six work streams for potential disruption and reengineering using AI to support growth in asset and wealth management [9]