For most investors, how much a stock's price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries.
Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.
What if you'd invested in Goldman Sachs (GS) ten years ago? It may not have been easy to hold on to GS for all that time, but if you did, how much would your investment be worth today?
Goldman Sachs' Business In-Depth
With that in mind, let's take a look at Goldman Sachs' main business drivers.
Founded in 1869, The Goldman Sachs Group, Inc. is a leading global financial holding company providing IB, securities, investment management, and consumer banking services to a diversified client base. The company is headquartered in New York, with offices in major financial centers globally.
Goldman provides its services through the following broad segments:
The Global Banking and Markets segment (constitutes 76.3% of net revenues as of June 30, 2026) generates revenues from IB fees, including advisory, and equity and debt underwriting fees, Fixed Income, Currency and Commodities (FICC) intermediation and financing activities and Equities intermediation and financing activities. The segment also includes relationship lending and acquisition financing (and related hedges) and investing activities related to its Global Banking & Markets activities.
The Asset and Wealth Management segment (22.6%) generates revenues from management and other fees, incentive fees, equity investments and debt investments, as well as private banking and lending.
The Platform Solutions segment (1.1%) generates revenues from consumer platforms, and transaction banking and other platform businesses.
In January 2026, Goldman acquired Industry Ventures. The firm also completed the acquisition of Innovator Capital Management in the second quarter of 2026. In 2023, Goldman completed the divestiture of its Personal Financial Management unit to Creative Planning, resulting in a gain of $349 million.
In 2022, the company acquired robo-advisor, NextCapital and Dutch asset manager, NN Investment Partners from NN Group N.V. The company also closed the acquisition of GreenSky in an all-stock transaction. In 2020 and 2019, Goldman completed its purchase of Folio Financial and United Capital, respectively.
Bottom Line
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Goldman Sachs a decade ago, you're probably feeling pretty good about your investment today.
A $1000 investment made in August 2016 would be worth $6,268.96, or a 526.90% gain, as of August 27, 2026, according to our calculations. Investors should note that this return excludes dividends but includes price increases.
In comparison, the S&P 500's gained 253.88% and the price of gold went up 234.25% over the same time frame.
Analysts are anticipating more upside for GS.
Shares of Goldman have outperformed the industry in the past year. Its second-quarter 2026 results benefited from strong revenue growth in Global Banking & Markets and Asset & Wealth Management. Its earnings beat estimates in the four trailing quarters. Its strong capital and liquidity position aids shareholder returns, including a recent 11% dividend hike post-clearing 2026 Fed stress. However, the rising expense base might hamper its near-term profitability. Elevated provisions amid a volatile macro backdrop remain a key concern. Its high dependence on overseas revenues is worrisome. Yet, management is prioritizing durable revenue streams, with improving deal activity and a strong investment banking backlog supporting advisory and fee-income growth. Its private credit expansion is expected to diversify revenue and drive long-term growth.
The stock is up 6.09% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 7 higher, for fiscal 2026. The consensus estimate has moved up as well.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The Goldman Sachs Group, Inc. (GS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).