Goldman Sachs Group (GS) officially entered a bear market on October 2, 2026. Its share price had fallen more than 20% from a July peak of $1,153.99, reaching $896.67.
The decline followed investor concerns over the company’s warnings of weaker fixed-income revenue and rising operational costs. Shares fell 12% over the last three months, underperforming the financial sector median.
Despite the recent downturn, Goldman Sachs stock remains up approximately 14% over the past year.