Goldman Stock Before Q3 Earnings: Buy Now or Wait for Results?

Goldman Sachs is expected to report Q3 2026 revenues of $16.87 billion (up 11.1% YoY) with IB revenues projected at $2.76 billion (up 3.8% YoY). However, the company faces headwinds from softer FICC trading, slower M&A activity, and higher operating expenses exceeding $500 million sequentially. With a negative Earnings ESP of -5.88% and Zacks Rank #3, an earnings beat is not conclusively predicted. The stock has underperformed peers, declining 12.2% in Q3, though it trades at a discount valuation of 12.30X forward P/E.