Goldman Sachs Trading Volume Surges 52% to 37th in Activity as Shares Dip 1.93% Despite 3-Month Outperformance

On September 2, 2025, Goldman Sachs (GS) saw a trading volume of $1.66 billion, a 52% increase from the prior day, ranking 37th in market activity. The stock closed down 1.93% despite outperforming the Dow over the past three months with a 23.2% gain compared to the index’s 7.9% rise.

Strong second-quarter results bolstered investor confidence, with non-interest revenue climbing 6.9% year-over-year to $11.5 billion and net interest income surging 56% to $3.1 billion. Total revenue reached $14.6 billion, exceeding expectations by 8.1%. Earnings per share (EPS) rose 26.6% to $10.91, surpassing consensus forecasts by 15.7%. The stock has consistently traded above its 50-day and 200-day moving averages since May, signaling sustained momentum.

Analysts remain cautiously optimistic, with a “Moderate Buy” consensus rating. The stock currently trades above its $728.74 average price target. However, market volatility in September poses risks, as Commodity Trading Advisors (CTAs) are fully invested, potentially amplifying sell-offs. Institutional positions remain moderate, though market correlations are at a 30-year low, offering some stability.

Backtesting data indicates that stocks rated #1 by Zacks Rank have delivered an average annual return of +25% since 1988. Goldman Sachs holds a Zacks Rank of #2 (Buy), with a forward P/E of 16.33, slightly below its industry average. Earnings revisions suggest near-term optimism, though recent EPS estimates have remained stagnant. The company’s upcoming October 14 earnings report is expected to show a 22.26% year-over-year EPS increase to $10.27 and $13.66 billion in revenue, a 7.56% year-on-year gain.