Congressman Sells Microsoft Stock, Buys this Financial Giant Ahead of Quarterly Results
Key takeaways
- Rulli’s purchase of Goldman Sachs ahead of its earnings release hints at an upbeat view on the bank’s upcoming results.
- GS EPS forecast $14.31 (vs $12.25 YoY)
- GS revenue forecast $16.98 billion (vs $15.18 billion)
- Rulli’s total disclosed trades $371,000
What happened
Congressman Michael Rulli (R‑Ohio) sold shares of Microsoft Corp (NASDAQ: MSFT) and Wells Fargo (NYSE: WFC) on September 28, 2026, and bought shares of Goldman Sachs (NYSE: GS) on September 3, 2026. The GS purchase comes just before the bank’s quarterly earnings release on October 13, 2026. Rulli’s trades are part of a total of 38 disclosed transactions worth roughly $371,000.
Why it matters
The timing of the GS buy—just days before its earnings report—suggests the congressman may be positioning for a positive earnings surprise. GS is expected to post earnings per share of $14.31 versus $12.25 a year ago, and revenue of $16.98 billion versus $15.18 billion. Microsoft and Wells Fargo were sold, possibly…
Short-term and longer-term
Short-term. In the next few days, watch GS for any earnings beat that could lift the stock and the broader financial sector.
Longer-term. Over the coming months, the GS earnings report will be a key catalyst for assessing the bank’s valuation and growth prospects.