Dave McCormick buys shares in Goldman Sachs

Dave McCormick disclosed two purchases of Goldman Sachs Group shares on 29 October, each valued between $250,000 and $500,000. The Senate member bought the shares on 7 October and 20 October, taking 22 days and nine days to disclose the transactions.

The trades formed part of 38 member filings disclosed since 28 October from three filers, comprising $925,000 of purchases and $2.4mn of sales. Shares in the investment bank have risen 4.6 per cent since the 7 October trade and 4.9 per cent since the 20 October purchase.

Company insiders traded in the other direction. Over the past 30 days, two members made four purchases of Goldman Sachs shares, while nine open-market sales by the bank's own insiders totalled $11.4mn, with no purchases recorded.

Goldman Sachs reported revenue of $66.2bn for the 12 months to 30 June 2026, an increase of 17.8 per cent, with a net margin of 31.7 per cent and return on equity of 17.0 per cent.