$GS

Goldman Sachs (NYSE:GS) raised $11.7 billion for private equity, with $9.6 billion for its flagship fund and $1.6 billion for an Asia-focused fund. The firm aims to deploy the capital over 4-5 years, with investments already made in firms like Schellman and Numantec. Goldman's alternatives assets under supervision grew to $459 billion in Q2, with a target of $750 billion by 2030.

Wall Street banks, including Goldman Sachs, Morgan Stanley, Citigroup, and JPMorgan, financed both U.S. and Chinese AI and semiconductor companies in 2026, raising $17.2 billion for 19 Chinese high-tech equity deals, according to LSEG data. U.S. tech firms issued nearly $500 billion in AI-related debt, with major banks facilitating cross-border investments despite U.S. restrictions on certain Chinese sectors.

Goldman Sachs Alternatives' European private credit fund has surpassed $10bn in assets since its 2023 launch, investing in over 400 companies. The fund is part of the firm's $230bn credit alternatives business. According to Stephanie Rader, global co-head of alternatives capital formation, this milestone highlights the growth potential in Europe's private credit market.

Goldman Sachs is reportedly the lead bidder to acquire Palmer Square Capital Management, a CLO manager overseeing $37 billion. The deal, if finalized, would expand Goldman's presence in alternative credit markets. CLOs offer potentially high returns but come with greater default risk. The global CLO market reached $1 trillion in 2021, with significant retail investor interest.

Analysts updated ratings for Robinhood (HOOD), Goldman Sachs (GS), and MSCI (MSCI). Barclays maintained a Buy rating on HOOD with a $105 target. Goldman Sachs was rated Hold by Citi with a $1050 target. Wells Fargo reiterated a Buy rating on MSCI with a $690 target. Consensus ratings and targets vary for each company.

Goldman Sachs has reduced its gold price forecasts for the end of 2026, according to a recent report. The bank cited changing market conditions as the reason for the adjustment. This update may impact investors and traders in the gold market.

Goldman Sachs (GS) is in talks to acquire Palmer Square Capital Management, a credit-focused firm managing $37B in assets. The deal aligns with Goldman's strategy to expand its Asset & Wealth Management (AWM) franchise and increase fee-based revenues. Goldman's AWM segment saw a 15% revenue increase in H1 2026. Palmer Square's expertise could enhance Goldman's credit capabilities and recurring management fees.

Goldman Sachs appointed Simon Lyons as co-head of UK investment banking, an unusual lateral hire at partner level. Lyons brings experience from Ardea, PJT Partners, and UBS. The move may signal Goldman's strategy to strengthen its EMEA presence. Meanwhile, delays in AI-related IPOs like Anthropic and OpenAI may impact global equity capital markets, with investors cautious about market conditions.

Citigroup reduced its price target for Goldman Sachs (GS) from $1,200 to $1,050, while maintaining a neutral rating. The change reflects a reassessment of the company's valuation and growth prospects, according to the analyst.

OpenAI's GPT-6 Astra model can operate computers independently, scoring 72.6% on a test. Banks face challenges integrating AI with old systems, like COBOL-based cores. Goldman Sachs is testing AI agents for tasks like accounting and client onboarding, finding success in reducing vendor reliance. AI agents are still being evaluated for safety and efficiency in complex tasks.