GOLDMAN SACHS GROUP INC — Form 8-K
Filed July 27, 2026 · analyzed by the 8-K Agent
8-K
— Neutral
significance 28/100
What the filing says
Goldman Sachs Group Inc. created and authorized 100,000 shares of 6.500% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA with a liquidation preference of $25,000 per share (total ~$2.5B). The stock pays fixed dividends of 6.5% annually through August 10, 2031, then resets to 5-year Treasury Rate plus 2.175% thereafter. Shares are redeemable at par value after August 10, 2031 or within 90 days of a regulatory capital event. The company issued 2.5 million depositary shares (each representing 1/25th of one preferred share) registered under the Securities Act.
Why this rating
Preferred issuance of ~$2.5B represents ~1.2% of Goldman's $213B market cap. Routine capital-raising activity for large banks; strengthens Tier 1 capital but does not alter business trajectory.
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