US Stock IR Daily – July 20, 2026 (1 reports)

• The Goldman Sachs Group, Inc. announced on July 20, 2026, the launch of a proposed public offering of depositary shares representing 1/25th interest in a new series of Fixed-Rate Reset Non-Cumulative Preferred Stock, Series AA.
• The offering is subject to pricing, which has not yet occurred.
• If the offering is priced and proceeds to closing, the company intends to use a portion of the net proceeds from the sale of the depositary shares to redeem all of its outstanding 3.65% Fixed-Rate Reset Non-Cumulative Preferred Stock, Series U, with a $25,000 liquidation preference per share.
• The pricing of the offering, and thus whether any possible redemption of outstanding preferred stock will occur, is subject to market conditions and other considerations.
• There is no assurance that the offering will price and close or that the company will decide to redeem the Series U Preferred Stock.

Goldman Sachs’ proposed offering of new preferred stock and its intention to use the proceeds for redeeming existing preferred stock may suggest an effort to optimize its capital structure. The success of this offering and the subsequent redemption depend on market conditions, which could influence the company’s funding costs and financial flexibility. This move could also be seen as an active management of its outstanding preferred securities to align with current market interest rates or regulatory requirements.