On September 17, Goldman Sachs fell 3.01% in regular trading, trading at $944.52/share, with turnover of $1.798 billion. The decline was triggered by a series of cautionary remarks from CEO David Solomon that weighed on investor sentiment.

Solomon disclosed that non-compensation expenses are expected to rise by more than $500 million on a quarter-over-quarter basis, while simultaneously noting that private equity deal activity remains very quiet. The dual headwinds of escalating costs and subdued transaction volumes raised concerns about the firm's near-term profitability, prompting broad selling pressure on the stock.

Notably, Solomon also highlighted that Goldman's asset and wealth management business has been growing faster than its mid-to-high single-digit target, and expressed optimism about further scale expansion in real estate. However, these positive signals failed to offset the negative impact from the cost and deal-flow warnings.

Within the Investment Banking & Brokerage sector, the broader group traded lower. Among individual stocks, Robinhood fell 6.33%, Morgan Stanley fell 1.68%, Charles Schwab fell 2.91%, Interactive Brokers fell 3.52%, and Webull Corp fell 10.57%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)