Goldman Sachs Group (GS) Could Be 21% Undervalued As Bond Issuance Draws Focus

Simply Wall St.10-03

Goldman Sachs Group (GS) has been busy in the bond market, announcing a string of new fixed rate notes with maturities stretching from 2027 out to 2051. That financing activity gives equity investors ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2672723924?lang=en_US&edition=fundamental","thumbnail":"https://simplywall.st/cdn-cgi/image/fit=cover,format=auto,width=320,height=180/https://images.simplywall.st/asset/company-cover/398625-card/1788984964496","is_english":true,"pubTime":"2026-10-03 18:19","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2672723924","market":"nz","top_or_hot":-1,"title":"Goldman Sachs Group (GS) Could Be 21% Undervalued As Bond Issuance Draws Focus","media":"Simply Wall St.","content":"<div>\n<p>Goldman Sachs Group (GS) has been busy in the bond market, announcing a string of new fixed rate notes with maturities stretching from 2027 out to 2051. That financing activity gives equity investors ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/diversified-financials/nyse-gs/goldman-sachs-group/news/goldman-sachs-group-gs-could-be-21-undervalued-as-bond-issua\">Source Link</a>\n\n</div>\n","source":"simplywall_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Goldman Sachs Group (GS) Could Be 21% Undervalued As Bond Issuance Draws Focus</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGoldman Sachs Group (GS) Could Be 21% Undervalued As Bond Issuance Draws Focus\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-10-03 18:19 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://simplywall.st/stocks/us/diversified-financials/nyse-gs/goldman-sachs-group/news/goldman-sachs-group-gs-could-be-21-undervalued-as-bond-issua><strong>Simply Wall St.</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Goldman Sachs Group (GS) has been busy in the bond market, announcing a string of new fixed rate notes with maturities stretching from 2027 out to 2051. That financing activity gives equity investors ...</p>\n\n<a href=\"https://simplywall.st/stocks/us/diversified-financials/nyse-gs/goldman-sachs-group/news/goldman-sachs-group-gs-could-be-21-undervalued-as-bond-issua\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1804176565.USD","symbol_name":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","start_time":0,"source_url":"https://simplywall.st/stocks/us/diversified-financials/nyse-gs/goldman-sachs-group/news/goldman-sachs-group-gs-could-be-21-undervalued-as-bond-issua","article_id":"2672723924","we_media_id":null,"thumbnails":["https://simplywall.st/cdn-cgi/image/fit=cover,format=auto,width=320,height=180/https://images.simplywall.st/asset/company-cover/398625-card/1788984964496"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/diversified-financials/nyse-gs/goldman-sachs-group/news/goldman-sachs-group-gs-could-be-21-undervalued-as-bond-issua","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2672723924","pubTimestamp":1791022768,"columns":[],"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Goldman Sachs Group (GS) has been busy in the bond market, announcing a string of new fixed rate notes with maturities stretching from 2027 out to 2051. That financing activity gives equity investors fresh information on funding costs and balance sheet positioning.\nRecent trading has been choppy, with Goldman Sachs Group’s share price down 10.14% over the past 30 days and 11.60% over 90 days, even as the 1-year total shareholder return sits at 16.50% and the 3-year figure is a little over...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1804176565.USD":"EASTSPRING INV GLOBAL GROWTH EQUITY \"A\" (USD) ACC","TMF":"3倍做多20年期以上国债ETF-Direxion","LU1868837136.USD":"CT (LUX) I AMERICAN \"8\" (USD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","IE0004091025.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"B\" (USD) ACC","BK4516":"特朗普概念","LU0942090050.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD)  INC","LU2471134952.CNY":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (CNYHDG) INC","LU0106831901.USD":"贝莱德世界金融基金A2","LU2471134879.HKD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (HKD) INC","LU1868836757.USD":"CT (LUX) I AMERICAN FUND \"2\" (USD) ACC","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU0742534661.SGD":"Fidelity America A-SGD (hedged)","BK4588":"碎股","BK4533":"AQR资本管理(全球第二大对冲基金)","LU2265009873.SGD":"Eastspring Investments - Global Growth Equity AS SGD-H","LU0868494708.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) INC","TLT":"20+年以上美国国债ETF-iShares","LU0096364046.USD":"CT (LUX) I AMERICAN \"DU\" (USD) ACC","BK6520":"工商业服务概念","LU0868494617.USD":"UBS (LUX) EQUITY SICAV - US TOTAL YIELD SUSTAINABLE \"P\" (USD) ACC","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","LU2750360641.GBP":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (GBPHDG) INC","43A.SI":"奥德宝亚太控股有限公司","GS":"高盛","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU2750360997.AUD":"INVESCO GLOBAL EQUITY INCOME ADVANTAGE \"A\" (AUDHDG) INC","LU1894683264.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU1144417596.USD":"UBS (LUX) GLOBAL QUALITY DIVIDEND EQUITY \"Q\" (USD) INC","TLTW":"iShares 20+ Year Treasury Bond Buywrite Strategy ETF","LU1868837300.USD":"CT (LUX) I AMERICAN FUND \"9\" (USD) ACC","LU2237443549.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA SGD-H","LU1894683348.USD":"AMUNDI FUNDS US EQUITY RESEARCH VALUE \"A2\" (USD) INC","LU2237443895.HKD":"abrdn SICAV I -  GLOBAL DYNAMIC DIVIDEND \"A\" (HKD) ACC","BK4585":"ETF&股票定投概念","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","LU2237443978.SGD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc SGD-H","BK4127":"投资银行业与经纪业","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","GSX":"Tradr 2X Long GS Daily ETF"},"translate_title":"债券发行受到关注，高盛集团 (GS) 可能被低估 21%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"US2Y.BOND":1.5,"43A.SI":1.5,"US6M.BOND":1.5,"US12M.BOND":1.5,"US10Y.BOND":1.5,"US7Y.BOND":1.5,"GS":1.5,"TLT":0.6,"GSX":0.6,"US30Y.BOND":1.5,"TMF":0.6,"TLTW":0.6,"US5Y.BOND":1.5,"US3Y.BOND":1.5},"content_text":"Goldman Sachs Group (GS) has been busy in the bond market, announcing a string of new fixed rate notes with maturities stretching from 2027 out to 2051. That financing activity gives equity investors fresh information on funding costs and balance sheet positioning. Recent trading has been choppy, with Goldman Sachs Group’s share price down 10.14% over the past 30 days and 11.60% over 90 days, even as the 1-year total shareholder return sits at 16.50% and the 3-year figure is a little over triple. This points to longer term momentum despite the recent pullback. Scan other large financial institutions undergoing similar funding shifts with our hand picked list of solid balance sheet and fundamentals (26 results) for ideas beyond Goldman Sachs Group. Recent weakness in Goldman Sachs Group looks very different from the multiyear total return story. The key thing to pin down now is whether pricing reflects a change in the business or just souring sentiment before the valuation work. AdvertisementMost Popular Narrative: 20.9% Undervalued Against Goldman Sachs Group’s last close of $902.56, the most followed valuation narrative points to a fair value anchor of $1,141.65, framing the recent share price slide as a potential discount rather than a verdict on fundamentals.  Record net revenues of US$20.3b and Global Banking & Markets revenues of US$15.5b in 2Q26, alongside a segment ROE of 25% for the first half, reinforce the shift toward a more diversified fee and financing mix that can support firm wide ROE and earnings if this business mix persists.  See why 111 investors see Goldman Sachs Group as 21% undervalued. Result: Fair Value of $1,141.65 (UNDERVALUED) Still, parts of the Goldman Sachs Group story can cut the other way if they do not play out as hoped, especially higher non compensation costs and softer FICC trading. Find out about the key risks to this Goldman Sachs Group narrative. Next Steps Sentiment around Goldman Sachs Group is clearly split, with both upside potential and real concerns on the table. Move quickly and weigh the data yourself using the 4 key rewards and 2 important warning signs. Looking for more investment ideas beyond Goldman Sachs Group? Do not stop with Goldman Sachs Group. Fresh opportunities often sit just outside your usual watchlist, and skipping that search can mean missing the next strong idea.  Target quality at a discount by reviewing our hand picked 31 high quality undervalued stocks, which combine solid fundamentals with prices that may lag underlying business strength. Lock in income potential by scanning the 7 dividend fortresses, which focus on companies offering higher yields with an emphasis on resilience and payout support. Protect your downside by filtering for resilience with the 31 resilient stocks with low risk scores, which concentrate on businesses with steadier profiles and lower overall risk scores.   This article by Simply Wall St is general in nature. We provide commentary based on historical data\n        and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your\n        financial situation. We aim to bring you long-term focused analysis driven by fundamental data.\n        Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.\n        Simply Wall St has no position in any stocks mentioned.New: Manage All Your Stock Portfolios in One PlaceWe've created the ultimate portfolio companion for stock investors, and it's free.• Connect an unlimited number of Portfolios and see your total in one currency• Be alerted to new Warning Signs or Risks via email or mobile• Track the Fair Value of your stocksTry a Demo Portfolio for FreeHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"economic","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.52.0","shortVersion":"4.52.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2672723924","isCrawlerRequest":true}