Read more
12:54 PM · 17 January 2023

Goldman Sachs tumbles in premarket on weak quarterly results

Goldman
Stocks
GS.US, Goldman Sachs Group Inc
-
-

Goldman Sachs (GS.US) stock fell more than 2.6% before the opening bell after the banking giant posted disappointing quarterly results. Similar to its competitors, sharp declines were recorded by investment banking and asset management divisions.

  • Company earned $3.32 per share well below analysts’ estimates of $5.48 estimate and compared to $10.81 per share a year earlier.

  • Revenue fell 16.0% YoY to $10.59 billion also came in below market estimates of $10.83 billion

  • Dealmaking activity is slowing down sharply amid rising recession fears, rising interest rates and high inflation. 

  • On January 13, 2023, the Board of Directors declared a dividend of $2.50 per common share to be paid on March 30, 2023 to common shareholders of record on March 2, 2023.

Goldman Sachs (GS.US) stock pulled back sharply following earnings release and is approaching major support at $357.00 which coincides with 23.6% Fibonacci retracement of the upward wave launched in March 2020. Source: xStation5

12 December 2025, 5:42 PM

Rivian Automotive: Rising star or a meteorite?

12 December 2025, 2:40 PM

US OPEN: Valuations under pressure amid deregulation spree

12 December 2025, 10:53 AM

DE40: DAX gains 0.5%📈Lufthansa surges almost 5% amid Kepler recommendation

12 December 2025, 7:59 AM

Broadcom shares drop 5% despite robust earnings and AI demand 🗽

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits