Key Takeaways Fifth Third will report Q3 2025 results on Oct. 17, with earnings seen rising year over year.Higher loan demand and stable funding costs are likely to support growth in net interest income.Non-interest income is projected to increase, led by stronger commercial and wealth revenues. Fifth Third Bancorp (FITB) is scheduled to report third-quarter 2025 results on Oct. 17, before the opening bell. Quarterly earnings and revenues are expected to have registered year-over-year growth in the to-be-re ...

Core Insights - Goldman Sachs Group, Inc. (GS) stock reached an all-time high of $793.2, driven by strong momentum in mergers and acquisitions (M&As) and initial public offerings (IPOs) [1][8] - The company's investment banking (IB) revenues increased by 24% in 2024 to $7.73 billion, rebounding from previous declines due to geopolitical and economic challenges [6][9] - Goldman Sachs raised its dividend by 33% following the 2025 Federal Reserve stress test, indicating robust financial health and shareholder-friendly actions [8][14] Investment Banking Performance - Year-to-date, Goldman Sachs shares have appreciated by 38.3%, outperforming the industry average of 28.9% [2] - The company maintained its 1 ranking in both announced and completed M&A transactions despite a challenging market environment [6] - M&A activities are expected to remain strong in the second half of 2025, supported by favorable regulatory conditions and corporate demand for growth [9] Asset and Wealth Management - The Asset and Wealth Management (AWM) division's net revenues grew at a CAGR of 9.9% from 2022 to 2024, although there was a decline in the first half of 2025 due to market uncertainties [11] - As of June 30, 2025, the AWM division managed $3.3 trillion in assets, with a focus on expanding fee-based revenue streams [11][12] - Goldman Sachs is exploring acquisitions to enhance its AWM footprint, anticipating growth in the high-single-digit range [12] Financial Strength and Capital Distribution - Goldman Sachs has a strong liquidity profile, with cash and cash equivalents of $153 billion and near-term borrowings of $69 billion as of June 30, 2025 [13] - The company has a share repurchase plan with $40.6 billion worth of shares available under authorization, alongside a healthy dividend payout ratio of 26% [15] - The quarterly dividend was increased to $4.00 per common share, marking a 33.3% increase from the previous payout [14] Estimates and Valuation - The Zacks Consensus Estimate for Goldman's 2025 and 2026 sales implies year-over-year growth of 6.3% and 6.5%, respectively [16] - The earnings estimates for 2025 and 2026 have been revised upward to $46.21 and $52.93, indicating year-over-year growth of 13.9% and 14.6% [19] - Goldman Sachs stock is trading at a forward price/book (P/B) ratio of 2.18X, which is below the industry average of 2.33X and its peers [21] Long-term Outlook - The rebound in M&As and a robust deal pipeline are expected to support the company's IB business [25] - Goldman Sachs is positioned to handle near-term volatility with strong operational results and diverse revenue streams [24] - The stock is considered an attractive long-term investment option, supported by aggressive capital returns through dividends and buybacks [25]