If You Invested $10,000 In Goldman Sachs Stock 10 Years Ago, How Much Would You Have Now?

The Goldman Sachs Group GS is a financial institution that provides a range of financial services for corporations, financial institutions, governments and individuals worldwide.

It is set to report its Q4 2024 earnings on Jan. 15, 2025. Wall Street analysts expect the company to post an EPS of $8.07, up from $6.31 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to reach $12.15 billion, up from $11.32 billion in the previous year.

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If You Bought Goldman Sachs Stock 10 Years Ago

The company's stock traded at approximately $183.35 per share 10 years ago. If you had invested $10,000, you could have bought roughly 55 shares. Currently, shares trade at $515.51, meaning your investment's value could have grown to $28,116 from stock price appreciation alone. However, Goldman Sachs also paid dividends during these 10 years. 

Goldman Sachs' dividend yield is currently 2.29%. Over the last 10 years, it has paid about $52.70 in dividends per share, which means you could have made $2,874 from dividends alone. 

Summing up $28,116 and $2,874, we end up with the final value of your investment, which is $30,990. This is how much you could have made if you had invested $10,000 in Goldman Sachs stock 10 years ago. This means a total return of 209.9%. However, this figure is less than the S&P 500 total return for the same period, 236.68%.

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What Could The Next 10 Years Bring? 

Goldman Sachs has a consensus rating of "Buy" and a price target of $485.42 based on the ratings of 25 analysts. The price target implies a nearly 6% potential downside from the current stock price.

On Oct. 15, the company announced its Q3 2024 earnings, posting revenues of $12.70 billion, beating the consensus of $11.87 billion, as reported by Benzinga.

Sales increased 7% year-over-year, reflecting higher net revenues in Global Banking & Markets and Asset & Wealth Management, partially offset by lower net revenues in Platform Solutions.

Global Banking & Markets revenues were $8.55 billion, up 7% year over year. This was boosted by a 20% year-over-year increase in investment banking fees to $1.87 billion, led by higher revenues in Debt and Equity underwriting. Slight gains in advisory revenues contributed significantly to this growth.

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Net revenues in Fixed Income, Currency and Commodities (FICC) were $2.96 billion, down 12% year over year. This was primarily due to lower net revenues in FICC intermediation and weak net revenues in interest rate products and commodities.

Asset & Wealth Management revenue was $3.75 billion for the third quarter of 2024, 16% higher than last year.

The U.S. financial services giant reported EPS of $8.40, beating the consensus of $7.03.

What the options market tells us about Goldman Sachs? Check out this article by Benzinga to learn more. 

Given the expected downside potential, growth-focused investors may not find Goldman Sachs stock attractive. Conversely, the stock can be a good option for income-focused investors who benefit from the company's solid dividend yield of 2.29%.

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Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.