Should I buy Goldman Sachs stock in 2025?

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At HelloSafe, our expert has been closely monitoring the performance of Goldman Sachs for more than three years. Every month, hundreds of thousands of users across Canada rely on us to interpret market trends and highlight the most promising investment opportunities. Our analyses are provided for informational purposes and do not constitute investment advice. In line with our ethical charter, we have never been, and will never be, compensated by Goldman Sachs.

What is Goldman Sachs?

How much is Goldman Sachs stock?

The price of Goldman Sachs stock is rising this week. As of now, GS trades at $547.55 USD, reflecting a 24-hour decrease of $1.37 (-0.25%) but a positive weekly gain of 3.45%. The company’s market capitalization stands at $170.6 billion, with a robust three-month average daily trading volume of 3.03 million shares. Investors are looking at a P/E ratio of 12.71, a dividend yield of 2.19%, and a stock beta of 1.32. With its recent strong earnings and a mix of volatility and growth potential, Goldman Sachs remains a notable option for Canadian investors seeking exposure to the financial sector.

Our full analysis on Goldman Sachs stock

Following a comprehensive review of Goldman Sachs’s latest financial results and a nuanced evaluation of the stock’s trajectory over the past three years, we have harnessed a convergence of quantitative financial indicators, technical analysis, and market intelligence—complemented by proprietary modeling—to assess the opportunity presented today. Our approach factors in competitive dynamics, sector trends, and the most recent earnings momentum that has distinguished Goldman Sachs on a global scale. So, why might Goldman Sachs stock once again become a strategic entry point into the global capital markets sector in 2025?

Recent Performance and Market Context

Goldman Sachs (NYSE: GS) has delivered a performance that impresses both on a relative and absolute basis over the past year. The stock currently trades at $547.55, with a robust annual gain of +28.32%, strongly outperforming both major North American financial indices and many of its principal investment banking peers. Over a 52-week period, GS has oscillated between $425.19 and $672.19, recently pulling back from its highs to consolidate near a region of technical support—a pattern often seen before renewed advances in well-positioned blue-chip stocks.

The last quarter was punctuated by strong Q1 2025 results, which comfortably exceeded market expectations: revenue reached $15.06 billion, while net earnings soared to $4.74 billion, propelling EPS to $14.12 (an impressive 22% year-on-year increase). This outcome was especially remarkable given the market’s volatility, underscoring Goldman’s resilience and the trust major institutional clients continue to place in the franchise.

From a macroeconomic perspective, the gradual stabilization of global interest rates has created a constructive environment for capital market activity, M&A transactions, and wealth management flows. Within this context, Goldman’s diversified revenue streams and prudent risk posture seem to provide a meaningful hedge against regional economic inconsistency and regulatory headwinds. CEO David Solomon’s recent statements affirm Goldman Sachs’s ongoing role as a “go-to” partner for corporates and high-net-worth individuals navigating uncertain times.

Technical Analysis

A nuanced technical profile is currently unfolding for GS. On the momentum front, the Relative Strength Index (RSI) at 55.79 reinforces a neutral stance—far from overbought, indicating that the stock still has room to climb should bullish catalysts materialize. While the MACD (-2.18) sends a cautious “Sell” signal in the very short term, this apparent contradiction with other signals is worth highlighting: the 20-day moving average ($513.95) sits well below the stock price, highlighting near-term bullish energy, even as the 50-day ($553.99) and 100-day ($578.44) averages indicate some consolidation and technical breathing room.

Crucially, the price remains above the 200-day moving average ($544.24), reinforcing the longer-term bullish configuration and offering a key reference point for investors tracking institutional flows and market structure. The presence of strong support at $535.76 and $529.05 coupled with resistance levels at $553.11 and $559.82 establishes a constructive trading range; a sustained move above resistance could catalyze additional momentum, whereas the proximity to support may limit downside for new entrants.

Overall, technical consensus tilts bullish, with 11 recognized indicators supporting further upside versus just 7 on the bearish side. The stock’s unique oscillation near its strategic moving averages may prove ideal for constructing staggered accumulation strategies or entry campaigns approaching forthcoming catalysts.

Fundamental Analysis

From a fundamental standpoint, Goldman Sachs is demonstrating its credentials as a best-in-class global financial services leader:

• Sustained Revenue and Earnings Growth: Q1 2025’s revenue surge and EPS outperformance stand as compelling markers of organic growth capacity. With a 22% EPS increase YoY and strong fee expansion in asset/wealth management (+9%), the momentum appears well-anchored across business lines.
• Attractive Valuation: Despite a rich market backdrop, GS trades at a 2025 P/E of 12.71 and a P/S of 3.33, ratios that remain attractive relative to historical averages and the broader financial sector, particularly when adjusted for the firm’s growth, capital return, and earnings visibility.
• Shareholder Returns: A 2.19% dividend yield with $3.00 per share paid quarterly ($12.00 annually) makes GS appealing for Canadian investors seeking yield in a low-rate world—notably, the dividend track record is one of consistency, with room for growth as fundamentals improve.
• Strategic Expansion and Brand Strength: Ongoing expansion in asset and wealth management diversifies earnings away from the more cyclical investment banking segment, while Goldman’s standing as a premier global franchise secures its place at the table in nearly every major market deal.
• Capital and Risk Management: Strong capital ratios and risk discipline underpin the bank’s ability to weather shocks and capitalize on industry dislocation, as evidenced by Goldman's ability to outperform both through market crises and periods of exuberance.

These core attributes—complemented by consistent book value growth—underscore a valuation and quality proposition that seems increasingly difficult to ignore, especially as major competitors face integration, franchise, or compliance hurdles.

Volume and Liquidity

A robust average daily volume of 3.03 million shares speaks to deep liquidity and sustained institutional confidence in the name. The public float of over 309 million shares ensures that even sizable purchases can be made with minimal market impact, supporting stable price formation and facilitating both long-term and tactical trading strategies. This liquidity is a hallmark of globally recognized blue chips and attracts sophisticated participants—another positive for those seeking reassurance about execution quality and fair value.

Such liquidity, coupled with efficient spread formation on the NYSE, is regularly associated with dynamic valuation adjustments: when positive news or results materialize, GS can rapidly reprice, providing an environment ripe for disciplined, opportunistic entry.

Catalysts and Positive Outlook

Several structural and tactical catalysts suggest that GS is entering a particularly constructive phase:

• Segmental Growth Engines: Record performance in the Global Banking & Markets division builds on favorable capital markets trends and client upgrades. Meanwhile, the Wealth & Asset Management division’s +9% growth positions GS at the heart of secular trends in global savings, retirement planning, and alternative assets.
• Strategic Initiatives and M&A Optionality: Goldman's exceptional capital base not only supports ongoing dividends and buybacks but also gives management optionality to pursue targeted acquisitions, technology investments, or joint ventures—each a potential unlock for future earnings upgrades.
• ESG and Innovation: The group continues to roll out digital solutions, green finance initiatives, and commitments to sustainable finance. With Canadian pension funds and funds-of-funds increasingly integrating ESG metrics, Goldman’s focus on responsible investing may broaden its appeal for institutional flows north of the border.
• Sector Tailwinds: As the interest rate environment stabilizes and global capital markets recover from 2022–2024 volatility, investment banking pipelines and asset management flows tend to rebound—historically favoring those with the best franchises and distribution reach.
• Regulatory Clarity and Market Share Opportunities: As regulatory regimes mature, leaders with robust compliance infrastructure tend to gain market share from challenged competitors. In Canada and globally, GS is well-placed to serve increasingly sophisticated cross-border capital and advisory requirements.

Investment Strategies

With GS currently consolidating near strong technical support and posting recent outperformance on a fundamental basis, several considered approaches emerge for investors:

• Short-Term: For those seeking tactical exposure, the current price proximity to support ($535–$540) may represent an entry with a defined technical stop-loss, targeting a retest of the $553–$560 resistance band and, potentially, the consensus analyst price target at $585.
• Medium-Term: Upcoming quarterly results and strategic updates could serve as catalysts. Investors may see opportunity in initiating or expanding positions ahead of these events, with a view to benefiting from positive earnings revisions, incremental capital returns, or M&A news.
• Long-Term: For retirement or core portfolio accounts, GS’s combination of consistent operating leverage, dividend growth potential, and a history of navigating disruption provides a strong case for incremental accumulation, especially for those seeking USD exposure or sector diversification alongside Canada’s financials-heavy benchmarks.

In each scenario, the alignment of technical, fundamental, and macro drivers supports the argument that strategic positioning at these levels could yield compelling risk-adjusted returns, particularly for disciplined investors with clear time horizons.

Is it the Right Time to Buy Goldman Sachs?

In summation, Goldman Sachs stands out today due to its rare blend of top-tier earnings growth, prudent balance sheet management, sector leadership, and visible forward catalysts. The stock’s attractive valuation ratios—especially relative to historical norms and peer averages—sit alongside rising dividends and a business model tailored to exploit evolving capital market trends. Add to this the bullish undercurrent in technical indicators, deep institutional liquidity, and the resilient brand equity that commands a global premium, and the case for renewed interest in GS becomes especially credible.

For Canadian investors and global allocators alike, Goldman Sachs seems to represent an excellent opportunity at current levels: offering both cyclical participation as markets normalize and structural upside as innovation and asset management reshape the financial value chain. As strategic and technical factors converge, GS may well be entering a new bullish phase—one where disciplined investors could capture meaningful alpha while anchoring to one of the world’s strongest financial franchises.

In this context, Goldman Sachs stock appears not just as a resilient investment, but as a potential outperformer poised at the intersection of market recovery, business excellence, and structural transformation—an opportunity worth monitoring closely as the capital markets narrative unfolds in 2025 and beyond.

How to buy Goldman Sachs stock in Canada?

Buying shares of Goldman Sachs (GS) online is both straightforward and secure when you use a regulated broker in Canada. This process can be completed entirely online, either by purchasing the shares directly (“spot buying”) or through contracts for difference (CFDs), which allow for leveraged trading. Both methods have their advantages and specific fee structures. Understanding the difference between these two approaches is crucial for making informed investment decisions. For a detailed comparison of the best brokers and their fees, you’ll find a comprehensive broker comparison further down the page.

Spot buying

Spot buying means purchasing Goldman Sachs shares directly on the stock market in your name. You become a shareholder, eligible for dividends and the right to vote at shareholder meetings. Most Canadian online brokers charge a fixed commission per order, typically around $5 to $10 CAD.

Example with a $1,000 CAD investment

If Goldman Sachs shares are trading at approximately $548 USD (about $750 CAD, depending on exchange rates), your $1,000 CAD can buy you roughly 1.3 shares. With a $5 brokerage fee included, you are fully invested and directly exposed to GS’s performance.

Gain scenario:

If the share price rises by 10%, your position is now worth $1,100 CAD (excluding currency effects).

Result: +$100 gross gain, representing a 10% return on your investment (before potential currency changes and taxes).

Trading via CFD

CFD trading allows you to speculate on the price movements of Goldman Sachs shares without owning the actual stock. CFDs are leveraged instruments, so you can control a larger position with a smaller amount of capital. Typical fees involve a spread (the difference between buy and sell prices) and overnight financing costs if you hold positions more than one day.

Example with a $1,000 CAD deposit and 5x leverage

You open a CFD on Goldman Sachs shares with 5x leverage, giving you exposure to $5,000 worth of stock.

Gain scenario:

If Goldman Sachs rises by 8%, your position gains 40% (8% × 5).

Result: +$400 gain on your $1,000 bet (before spreads, overnight fees, and taxes).

Final advice

Before investing, it’s vital to compare brokers' fees, available platforms, and account conditions to find the solution best suited to your needs. Whether you choose direct share ownership or CFD trading depends on your investment goals, risk tolerance, and trading style. A detailed broker comparator is available further down the page to help guide your decision. Invest wisely and always consider your financial objectives before taking the plunge with Goldman Sachs stock.

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Our 7 tips for buying Goldman Sachs stock

The latest news about Goldman Sachs

Goldman Sachs reported a robust 22% year-over-year increase in Q1 2025 earnings per share, far exceeding analyst forecasts. The bank’s adjusted EPS reached $14.12, significantly outpacing the expected $12.71 as published on April 14, 2025. This performance underscores the firm's ability to generate strong profitability in uncertain conditions and was largely driven by record results in equities trading within its Global Banking & Markets segment, as well as steady fee growth in Asset & Wealth Management. This kind of upside earnings surprise typically bolsters investor sentiment and has a positive impact on share price expectations, which is especially relevant for Canadian investors holding GS either directly or through North American financial ETFs.

Goldman Sachs shares advanced 3.45% over the past week, outperforming many U.S. and Canadian financial peers. That positive momentum helped narrow the gap to analysts’ average price target of $585.21, representing further upside potential of around 7% from current levels. The stock’s move is supported by a combination of solid first-quarter results and strong sector performance, which tends to have a spillover effect in Canadian markets where Goldman Sachs is a key liquidity provider, counterparty, and underwriter, particularly for institutions and pension funds with cross-border exposure.

Goldman Sachs’ Canadian operations remain active, supporting local capital market activity and strategic transactions. Recent disclosures confirm ongoing involvement in notable Canadian M&A and cross-border financings, including advising on transactions in the energy, infrastructure, and technology sectors. The firm’s presence in Toronto and its collaboration with large Canadian pension funds enhance access to innovative capital-raising solutions and global investment opportunities for Canadian corporations and institutional investors, reinforcing the value of GS as both a North American and global financial leader.

Goldman Sachs’ dividend stability, yielding 2.19%, continues to attract Canadian income-focused investors amid volatile markets. The quarterly dividend of $3.00, or $12.00 annually, was maintained this quarter, reflecting strong free cash flow and disciplined capital management. For Canadians investing through U.S.-listed stocks or via Canadian-listed ETFs that include Goldman Sachs, the firm’s stable dividend is a sought-after feature. This adds a layer of portfolio defensiveness—particularly valuable given current macroeconomic uncertainties that underscore the appeal of reliable income-producing investments.

Technical indicators signal cautious optimism, with bullish short-term momentum but mixed longer-term signals for the stock. The share price now trades above its 20-day and 200-day moving averages, signaling positive momentum; however, the MACD remains in sell territory while the RSI sits at a neutral 55.79. This suggests that while Goldman Sachs has near-term strength—reinforced by recent news and sector tailwinds—investors in Canada should remain attentive to medium-term volatility. Market consensus, nevertheless, continues to lean “Buy,” with a majority of technical indicators favoring further upside, especially in light of upcoming financial sector developments that could benefit major banks with diversified global operations such as Goldman Sachs.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.