Goldman Sachs Group Inc (NYSE:GS) is helping the Dow Jones Industrial Average (DJI) power through the IBM (IBM) selloff today. The blue-chip banker reported adjusted second-quarter earnings of $20.98 per share on $20.34 billion in revenue, both of which blew past estimates. GS is up 8% to trade at $1,130.36, on track for its best single-session gain since April 2025 and earlier tapped a fresh record high of $1125.04.
The stock is 26.7% higher in 2026, with support stepping up at its ascending 50-day moving average. There has yet to be a flurry of analyst attention, and its overdue. Despite a 57% year-over-year lead, 17 of the 26 brokerages in coverage maintain "hold" or worse ratings, while the consensus 12-month price target of $1,039.11 is a 7.5% discount to its current perch.
Options bears are getting burned, per Goldman's 10-day put/call volume ratio of 1.49 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio sits higher than 100% of annual readings, leaving ample room for bulls to move in.
Today though, calls rule the roost. At last look, over 25,000 calls have changed hands, volume that's five times the average intraday amount and nearly double the number of puts traded. The July 1,200 call is the most popular, with the July 1,150 call seeing opening activity.
