Goldman Sachs stock holds after a strong 2026 earnings base

Goldman Sachs (ISIN US38141G1040) has a clear earnings base to build on, with fiscal 2024 revenue of $53.51 billion and net earnings of $13.53 billion, while the shares traded at $742.68 on 21 July 2026. The companys investor-relations page remains the natural starting point for the latest filings and updates.

Fiscal 2024 sets the frame

For fiscal 2024, Goldman Sachs reported net earnings of $13.53 billion, compared with $8.52 billion in 2023, a year-over-year increase of about 58.8%. Revenue rose to $53.51 billion from $46.25 billion in 2023, which gives the stock a strong fundamental reference point even without a fresh catalyst.

That same reporting set also shows why investors focus on the capital base. Book value per common share reached $336.79 at year-end 2024, up from $316.84 a year earlier, while diluted earnings per common share came in at $37.33 versus $27.79 in 2023.

Revenue and profit remain the key numbers

The 2024 income statement points to a business that is still highly sensitive to trading, advisory, and asset-management conditions. Operating expenses were $40.15 billion in 2024, up from $36.19 billion in 2023, and provision for credit losses was $351 million, down from $577 million a year earlier.

Those figures matter because they show how quickly Goldman Sachs can turn higher revenue into bottom-line leverage. The companys return on average common shareholders equity reached 13.4% in 2024, compared with 9.5% in 2023, a comparison that helps frame the stock's valuation.

Shares near a high level

The stock price of $742.68 on 21 July 2026 places Goldman Sachs close to a high absolute level for a large-cap US financial. A move like that is easier to read when paired with the 2024 profit base, because the market is weighing a $13.53 billion earnings year against the latest trading level.

For context, the company ended 2024 with total assets of $1.68 trillion and common shareholders equity of $100.88 billion. Those balance-sheet figures give the market a second lens beyond earnings alone.

Capital markets still drive the story

Goldman Sachs remains best known for its investment-banking and trading franchise, and fiscal 2024 showed how central those activities are. Investment banking fees were $7.82 billion in 2024, while global banking and markets revenue reached $33.31 billion, making the division mix more important than any single product line.

That matters for the stock because the mix determines how much of each revenue dollar reaches earnings. A year with $53.51 billion of revenue and $13.53 billion of net earnings is a very different setup from a year dominated by weak deal flow.

Wealth and asset management

Goldman Sachs also ended 2024 with $3.10 trillion in assets under supervision, according to its annual reporting. The wealth and asset-management business generated $16.82 billion of net revenue in 2024, which helped balance the more cyclical investment-banking and trading results.

That segment scale is one reason the stock can trade on more than quarterly market noise. Investors can still anchor on the reported 2024 mix: $53.51 billion in revenue overall, $13.53 billion in earnings, and $3.10 trillion in assets under supervision.

Product focus: platform and advisory

One representative business line is Goldman Sachs Asset Management, which sits inside the broader wealth and asset-management engine. Its role is visible in the 2024 segment numbers, especially the $16.82 billion of revenue tied to that part of the franchise.

For readers tracking the company as a listed bank, that segment is important because it adds fee-based stability next to market-driven trading revenue. The product mix is one of the few levers that can offset weaker advisory activity in any single quarter.

Stock close at $742.68

Goldman Sachs stock closed at $742.68 on 21 July 2026, using the latest quoted level available in this article. That price sits alongside a fiscal 2024 profit base of $13.53 billion and revenue of $53.51 billion, which is the most useful way to read the current setup.