Friday was the fifth worst day in Goldman Sachs\' (GS) history as a publicly traded company. Its worst one-day decline came on January 20th, 2009 when it fell 18.96%.
Below we highlight all one-day declines of 10% or more for Goldman since it went public in 1999. As shown, the average return on the day after 10%+ declines has been 3.06%. But the day after has been positive just 50% of the time. The stock has done extremely well in the week following these big down days.
Of the twelve prior 10%+ one-day declines for GS, the stock has gone higher over the next week 10 times for an average gain of 11.37%.