Scott Rubner, a former Goldman Sachs tactical strategist now at Citadel Securities, said it’s too soon to fade the stock market given factors including corporate stock buybacks — but it’s getting late.

Goldman Sachs Group Inc. (NYSE:GS) reported a solid second quarter for 2025, with results surpassing analyst estimates. The firm demonstrated strong performance across key segments, including significant contributions from its trading and investment banking operations.

Stock futures were mostly lower Wednesday as inflation fears kept markets under pressure despite cooler-than-expected consumer price index data and strong bank earnings. There’s more of both for investors to digest this morning with Goldman Sachs,

Goldman Sachs stock has gained 47% YTD, and at its current price of $388 per share, it has an upside potential of 15% to its fair value of $447 – Trefis’ estimate for Goldman Sachs’ valuation.

Three U.S. treasury secretaries who came directly from Goldman Sachs — Robert Rubin, Henry Paulson and Steve Mnuchin and the firm's broader history of employees transitioning into high-level government positions inspired the nickname "Government Sachs."

Micron Technology (NASDAQ:MU) saw its stock drop 3.9% in pre-market trading on Thursday after Goldman Sachs downgraded SK Hynix (KS:000660), a major competitor in the memory chip industry. This downgrade sent waves through the semiconductor sector.

Solomon pointed to Asset & Wealth Management momentum, mentioning, "Wealth management client assets rose to a record $1.7 trillion," and "our assets under supervision rose to a new record of $3.3 trillion, representing our 30th consecutive quarter of long-term fee-based net inflows."

Trump’s tariffs and the trade war continue to roil global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.