Jul 1, 2026
Goldman Sachs (GS): Peak Multiples on Peak Earnings - The 6-Month to 5-Year Scenarios
Deep research on GS: bull/base/bear scenarios across 6 months, 1 year, 3 years, and 5 years; a ~3.0x tangible book multiple on cyclically inflated earnings; the wealth-pivot durability case unproven yet.
