Key Takeaways GS's IB fees rose 19% in the first nine months of 2025 on M&A growth and a friendlier rate backdrop. The firm exited consumer banking, boosting Global Banking and Markets revenues by 17% year over year. A $40B buyback plan and dividend hikes highlight Goldman's solid liquidity and shareholder focus. The Goldman Sachs Group, Inc.’s (GS) shares have jumped 43.6% year to date, outperforming the industry's 34.3% rise. Its peers, JPMorgan (JPM) and Morgan Stanley’s (MS) shares rose 34.5% and 36.1%, ...