Goldman Sachs Q4 EPS $14.01 and UBS Lifts Price Target to $990
UBS raised its price target on Goldman Sachs to $990 from $970 while maintaining a Neutral rating, citing robust capital markets positioning. In Q4, Goldman delivered EPS of $14.01 with 16% ROE, achieved record $16.5 billion in equities net revenues, and returned $4.2 billion to shareholders including a $0.50 dividend hike.
1. UBS Raises Price Target
UBS increased its price target for Goldman Sachs to $990 from $970 while keeping a Neutral rating, pointing to the firm’s strong earnings power and market positioning in capital markets.
2. Q4 2025 Financial Highlights
In the fourth quarter of 2025, Goldman Sachs posted earnings per share of $14.01, a return on equity of 16% and a return on tangible equity of 17.1%, driven by $4.3 billion in equities net revenues and a 42% year-over-year rise in equities financing income.
3. Full-Year Results and Revenue Records
For the full year, Goldman Sachs reported EPS of $51.32, up 27% year-over-year, with record $16.5 billion in equities net revenues—over $3 billion above last year—and durable FICC and equity financing revenues totaling $11.4 billion, supporting segment returns above 16%.
4. Shareholder Returns and Dividend Hike
Goldman returned $4.2 billion to shareholders in Q4 through $3 billion of share buybacks and $1.2 billion of dividends, raised its quarterly dividend by $0.50 to $4.50, and retains $32 billion in remaining buyback authorization.