15 Best Bank Stocks to Buy According to Billionaires

7. The Goldman Sachs Group, Inc. (NYSE:GS)

Number of Billionaire Investors: 15

The Goldman Sachs Group, Inc. (NYSE:GS) is an American financial powerhouse that serves corporations, governments, and individuals worldwide. It operates through three main segments – Global Banking & Markets, which handles financial advisory, underwriting, lending, and trading; Asset & Wealth Management, which manages investments and provides financial planning and private banking; and Platform Solutions, which includes credit cards, transaction banking, and cash management. It is one of the best bank stocks to monitor. On January 13, Goldman Sachs launched the Capital Solutions Group to boost its offerings in private credit, private equity, and more. This new group brings together financing and risk management services to better serve clients.

The Goldman Sachs Group, Inc. (NYSE:GS) reported net revenue of $53.51 billion and net earnings totaling $14.28 billion for full-year 2024. In the fourth quarter, revenue was $13.87 billion, with earnings of $4.11 billion. Earnings per share for the year climbed to $40.54, up from $22.87 in 2023, while Q4 EPS rose to $11.95, compared to $5.48 in Q4 2023 and $8.40 in Q3 2024. The strong performance was driven by its Global Banking & Markets division, which generated $34.94 billion in revenue, and Asset & Wealth Management, which contributed $16.14 billion. The latter saw assets under supervision grow by 12% to a record $3.14 trillion.

On January 15, The Goldman Sachs Group, Inc. (NYSE:GS) declared a $3.00 per share quarterly dividend, in line with previous. The dividend will be distributed on March 28, to shareholders on record as of February 28.