- Entry
- $1,080.54
- Final
- $1,020.21 -5.6%
- Target
- —
- Score
- +0.56
Goldman just came off one of its best quarters in years. Strong IB advisory, booming financing activity, and ROE numbers that got analysts falling over each other to upgrade the name. I get the enthusiasm. But I've been spending time with the actual composition of those margins and I'm not buying the durability story. The IB and financing surge is real, but it's not structural — it's riding a specific macro window where capital markets reopened after a long period …
— ORIGINAL POST ·
$GS puts — record margins look durable until you actually stress-test them
· r/options
· Mar 31, 2026