GS quarterly stock returns with Q1–Q4 history, seasonality patterns, and performance tables for U.S. equity research.
| Period | Return % |
|---|---|
| 2000-Q1 | 19.18 |
| 2000-Q2 | -10.16 |
| 2000-Q3 | 20.14 |
| 2000-Q4 | -7.31 |
| 2001-Q1 | -15.11 |
| 2001-Q2 | 1.95 |
| 2001-Q3 | -15.66 |
| 2001-Q4 | 26.19 |
| 2002-Q1 | -0.9 |
| 2002-Q2 | -17.09 |
| 2002-Q3 | -7.18 |
| 2002-Q4 | -0.51 |
| 2003-Q1 | -2.25 |
| 2003-Q2 | 20.3 |
| 2003-Q3 | -2.27 |
| 2003-Q4 | 14.8 |
| 2004-Q1 | 7.43 |
| 2004-Q2 | -11.17 |
| Period | Return % |
|---|---|
| 2000-01 | 3.75 |
| 2000-02 | 1.37 |
In the last 15 quarters, GS increased in 10 and decreased in 5. The average return for this period was +7.69%, while the median return was +7.57%. Maximum gain was +29.05% on 2025-Q2 and maximum loss was -7.48% on 2026-Q1.
Total : 15 Quarters
In the last 15 quarters, GS increased in 10 and decreased in 5. The average return for this period was +7.69%, while the median return was +7.57%. Maximum gain was +29.05% on 2025-Q2 and maximum loss was -7.48% on 2026-Q1.
In the last 15 quarters, GS increased in 10 and decreased in 5. The average return for this period was +7.69%, while the median return was +7.57%. Maximum gain was +29.05% on 2025-Q2 and maximum loss was -7.48% on 2026-Q1.
Total years: 4
Total years: 4
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | +2.3% | +16.3% | -0.9% | +6.4% | +6.2% | -0.8% | 0% | +9.3% | -8.6% | +8.8% | -8.6% | +1.6% |
| 2022 | -10.3% | -6.2% | +0.6% | -7.5% | +5.3% | -7.7% | +11.4% | +0.2% | -12.1% | +15.2% | +10.8% | -10.5% |
| 2023 | +5.7% | -3.8% | -5.5% | +5.2% | -4.9% | +1.9% | +9% | -8.4% | -1.2% | -4.7% | +11.2% | +10.7% |
| 2024 | -1.1% | +1.4% | +7.6% | +3.2% | +6.9% | -0.6% | +9.8% | +2% | +1.6% | +5.6% | +17.2% | -4.8% |
| 2025 | +11.4% | -1.6% | -9.7% | -0.2% | +8.4% | +18.2% | +2.4% | +5% | +9% | +0.5% | +5.2% | +8.4% |
| 2026 | +2.3% | -9.2% | -1.8% | +7.4% | +11% | -3.5% | +2.6% | — | — | — | — | — |
| 3Y Avg | +4.2% | -3.1% | -1.3% | +3.5% | +8.8% | +4.7% | +4.9% | +3.5% | +5.3% | +3.1% | +11.2% | +1.8% |
| 2026-Q3 | 1,019.6 | 1,045.9 | +2.6% |
| 2026-Q2 | 860.2 | 1,011.4 | +17.6% |
| 2026-Q1 | 914.3 | 846.0 | -7.5% |
| 2025-Q4 | 785.5 | 879.0 | +11.9% |
| 2025-Q3 | 706.5 | 796.4 | +12.7% |
| 2025-Q2 | 548.5 | 707.8 | +29.1% |
| 2025-Q1 | 575.0 | 546.3 | -5.0% |
| 2024-Q4 | 490.2 | 572.6 | +16.8% |
| 2024-Q3 | 463.7 | 495.1 | +6.8% |
| 2024-Q2 | 413.5 | 452.3 | +9.4% |
| 2024-Q1 | 388.3 | 417.7 | +7.6% |
| 2023-Q4 | 318.5 | 385.8 | +21.1% |
| 2023-Q3 | 326.6 | 323.6 | -0.9% |
| 2023-Q2 | 326.5 | 322.5 | -1.2% |
| 2023-Q1 | 346.2 | 327.1 | -5.5% |
| 2022-Q4 | 299.2 | 343.4 | +14.8% |
| 2022-Q3 | 299.2 | 293.1 | -2.1% |
| 2022-Q2 | 330.2 | 297.0 | -10.1% |
| 2022-Q1 | 395.3 | 330.1 | -16.5% |
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | +2.3% | +16.3% | -0.9% | +6.4% | +6.2% | -0.8% | 0% | +9.3% | -8.6% | +8.8% | -8.6% | +1.6% |
| 2022 | -10.3% | -6.2% | +0.6% | -7.5% | +5.3% | -7.7% | +11.4% | +0.2% | -12.1% | +15.2% | +10.8% | -10.5% |
| 2023 | +5.7% | -3.8% | -5.5% | +5.2% | -4.9% | +1.9% | +9% | -8.4% | -1.2% | -4.7% | +11.2% | +10.7% |
| 2024 | -1.1% | +1.4% | +7.6% | +3.2% | +6.9% | -0.6% | +9.8% | +2% | +1.6% | +5.6% | +17.2% | -4.8% |
| 2025 | +11.4% | -1.6% | -9.7% | -0.2% | +8.4% | +18.2% | +2.4% | +5% | +9% | +0.5% | +5.2% | +8.4% |
| 2026 | +2.3% | -9.2% | -1.8% | +7.4% | +11% | -3.5% | +2.6% | — | — | — | — | — |
| 3Y Avg | +4.2% | -3.1% | -1.3% | +3.5% | +8.8% | +4.7% | +4.9% | +3.5% | +5.3% | +3.1% | +11.2% | +1.8% |
| 2004-Q3 | -0.44 |
| 2004-Q4 | 10.78 |
| 2005-Q1 | 4.8 |
| 2005-Q2 | -6.66 |
| 2005-Q3 | 18.37 |
| 2005-Q4 | 4.98 |
| 2006-Q1 | 21.8 |
| 2006-Q2 | -4.86 |
| 2006-Q3 | 10.97 |
| 2006-Q4 | 16.79 |
| 2007-Q1 | 2.94 |
| 2007-Q2 | 5.4 |
| 2007-Q3 | -1.11 |
| 2007-Q4 | -3.56 |
| 2008-Q1 | -20.33 |
| 2008-Q2 | -1.11 |
| 2008-Q3 | -26.99 |
| 2008-Q4 | -37.26 |
| 2009-Q1 | 22.2 |
| 2009-Q2 | 33.68 |
| 2009-Q3 | 25.14 |
| 2009-Q4 | -5.67 |
| 2010-Q1 | -1.42 |
| 2010-Q2 | -22.88 |
| 2010-Q3 | 10.25 |
| 2010-Q4 | 13.85 |
| 2011-Q1 | -8.35 |
| 2011-Q2 | -16.94 |
| 2011-Q3 | -30.81 |
| 2011-Q4 | 0.39 |
| 2012-Q1 | 30.42 |
| 2012-Q2 | -23.25 |
| 2012-Q3 | 17.04 |
| 2012-Q4 | 9.16 |
| 2013-Q1 | 11.77 |
| 2013-Q2 | 3.57 |
| 2013-Q3 | 4.26 |
| 2013-Q4 | 11.48 |
| 2014-Q1 | -7.37 |
| 2014-Q2 | 0.92 |
| 2014-Q3 | 10.05 |
| 2014-Q4 | 7.27 |
| 2015-Q1 | -3.31 |
| 2015-Q2 | 8.61 |
| 2015-Q3 | -17.23 |
| 2015-Q4 | 2.39 |
| 2016-Q1 | -11.38 |
| 2016-Q2 | -7.03 |
| 2016-Q3 | 8.78 |
| 2016-Q4 | 48.66 |
| 2017-Q1 | -4.91 |
| 2017-Q2 | -3.08 |
| 2017-Q3 | 4.36 |
| 2017-Q4 | 5.86 |
| 2018-Q1 | -1.49 |
| 2018-Q2 | -10.83 |
| 2018-Q3 | 0.44 |
| 2018-Q4 | -25.86 |
| 2019-Q1 | 11.6 |
| 2019-Q2 | 4 |
| 2019-Q3 | 0.18 |
| 2019-Q4 | 13.44 |
| 2020-Q1 | -34.03 |
| 2020-Q2 | 36.02 |
| 2020-Q3 | 1.72 |
| 2020-Q4 | 32.82 |
| 2021-Q1 | 23.4 |
| 2021-Q2 | 15.84 |
| 2021-Q3 | 0.81 |
| 2021-Q4 | 0.67 |
| 2022-Q1 | -16.5 |
| 2022-Q2 | -10.05 |
| 2022-Q3 | -2.07 |
| 2022-Q4 | 14.79 |
| 2023-Q1 | -5.52 |
| 2023-Q2 | -1.22 |
| 2023-Q3 | -0.93 |
| 2023-Q4 | 21.12 |
| 2024-Q1 | 7.57 |
| 2024-Q2 | 9.39 |
| 2024-Q3 | 6.78 |
| 2024-Q4 | 16.82 |
| 2025-Q1 | -4.99 |
| 2025-Q2 | 29.05 |
| 2025-Q3 | 12.72 |
| 2025-Q4 | 11.9 |
| 2026-Q1 | -7.48 |
| 2026-Q2 | 17.57 |
| 2026-Q3 | 2.58 |
| 2000-03 |
| 11.08 |
| 2000-04 | -11.61 |
| 2000-05 | -24.16 |
| 2000-06 | 24.09 |
| 2000-07 | 3.95 |
| 2000-08 | 28.7 |
| 2000-09 | -12 |
| 2000-10 | -13.49 |
| 2000-11 | -15.07 |
| 2000-12 | 30.41 |
| 2001-01 | 13.47 |
| 2001-02 | -22.38 |
| 2001-03 | -7.11 |
| 2001-04 | 8.25 |
| 2001-05 | 2.64 |
| 2001-06 | -11.27 |
| 2001-07 | -1.7 |
| 2001-08 | -6.15 |
| 2001-09 | -10.39 |
| 2001-10 | 6.34 |
| 2001-11 | 10.29 |
| 2001-12 | 7.84 |
| 2002-01 | -4.49 |
| 2002-02 | -5.22 |
| 2002-03 | 8.12 |
| 2002-04 | -10.99 |
| 2002-05 | -4.75 |
| 2002-06 | -0.6 |
| 2002-07 | 2.83 |
| 2002-08 | 7.38 |
| 2002-09 | -10.47 |
| 2002-10 | 4.6 |
| 2002-11 | 7.38 |
| 2002-12 | -13.56 |
| 2003-01 | -2.23 |
| 2003-02 | 0.29 |
| 2003-03 | 0.09 |
| 2003-04 | 9.02 |
| 2003-05 | 8.19 |
| 2003-06 | 0.25 |
| 2003-07 | 1.5 |
| 2003-08 | 3.98 |
| 2003-09 | -7.24 |
| 2003-10 | 9.19 |
| 2003-11 | -0.11 |
| 2003-12 | 1.28 |
| 2004-01 | 2.49 |
| 2004-02 | 6.07 |
| 2004-03 | -2.79 |
| 2004-04 | -8.73 |
| 2004-05 | -3.11 |
| 2004-06 | 1.25 |
| 2004-07 | -5.83 |
| 2004-08 | 1.37 |
| 2004-09 | 4.54 |
| 2004-10 | 4.75 |
| 2004-11 | 6.55 |
| 2004-12 | -1.85 |
| 2005-01 | 2.76 |
| 2005-02 | 0.37 |
| 2005-03 | -0.03 |
| 2005-04 | -2.3 |
| 2005-05 | -6.66 |
| 2005-06 | 3.43 |
| 2005-07 | 4.64 |
| 2005-08 | 3.79 |
| 2005-09 | 7.48 |
| 2005-10 | 3.88 |
| 2005-11 | 1.86 |
| 2005-12 | -1.97 |
| 2006-01 | 9.61 |
| 2006-02 | -0.3 |
| 2006-03 | 9.65 |
| 2006-04 | 1.37 |
| 2006-05 | -3.52 |
| 2006-06 | -2.03 |
| 2006-07 | 0.2 |
| 2006-08 | -1.73 |
| 2006-09 | 13.43 |
| 2006-10 | 11.19 |
| 2006-11 | 5.3 |
| 2006-12 | 2.49 |
| 2007-01 | 5.7 |
| 2007-02 | -4.83 |
| 2007-03 | 3.49 |
| 2007-04 | 6.3 |
| 2007-05 | 5.6 |
| 2007-06 | -6.05 |
| 2007-07 | -14.07 |
| 2007-08 | -6.87 |
| 2007-09 | 19.88 |
| 2007-10 | 11.18 |
| 2007-11 | -5.65 |
| 2007-12 | -5.22 |
| 2008-01 | -3.88 |
| 2008-02 | -18.36 |
| 2008-03 | 0.19 |
| 2008-04 | 8.2 |
| 2008-05 | -11.37 |
| 2008-06 | 1.49 |
| 2008-07 | 4.97 |
| 2008-08 | -9.91 |
| 2008-09 | -22.57 |
| 2008-10 | -31.23 |
| 2008-11 | -11.34 |
| 2008-12 | 28.33 |
| 2009-01 | -6.95 |
| 2009-02 | 8.99 |
| 2009-03 | 22.89 |
| 2009-04 | 16.51 |
| 2009-05 | 13.76 |
| 2009-06 | 2.15 |
| 2009-07 | 10.85 |
| 2009-08 | 0.83 |
| 2009-09 | 15.1 |
| 2009-10 | -4.93 |
| 2009-11 | -0.6 |
| 2009-12 | 0.72 |
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| 2026-07-13 | 1056.34 | 1057.82 | 1036.84 | 1045.91 | — |
| 2026-07-10 | 1063.21 | 1067.17 | 1048.01 | 1055.18 | — |
| 2026-07-09 | 1055 | 1064.01 | 1042.61 | 1055.97 | — |
| 2026-07-08 | 1030 | 1040.18 | 1011.92 | 1029.64 | — |
| 2026-07-07 | 1052 | 1053.86 | 1035.13 | 1042.98 | — |
| 2026-07-06 | 1029.88 | 1055.29 | 1030.1 | 1055.29 | — |
| 2026-07-02 | 1038.99 | 1039.24 | 1009.73 | 1021 | — |
| 2026-07-01 | 1010 | 1033.53 | 1003.1 | 1019.61 | — |
| 2026-06-30 | 1019.29 | 1026.32 | 1006.11 | 1011.37 | — |
| 2026-06-29 | 1029.19 | 1035.93 | 1016.17 | 1020.21 | — |
| 2026-06-26 | 1054.74 | 1057 | 1013.38 | 1019.61 | — |
| 2026-06-25 | 1095.62 | 1105.25 | 1062.1 | 1065.09 | — |
| 2026-06-24 | 1090 | 1090.1 | 1068.51 | 1076.91 | — |
| 2026-06-23 | 1077.34 | 1103.55 | 1069 | 1094.44 | — |
| 2026-06-22 | 1109.7 | 1115.98 | 1091.63 | 1106.37 | — |
| 2026-06-18 | 1120 | 1124.99 | 1093.46 | 1096.56 | — |
| 2026-06-17 | 1098.46 | 1121.74 | 1094.3 | 1099.14 | — |
| 2026-06-16 | 1086 | 1097.2 | 1085.53 | 1090.67 | — |
| 2026-06-15 | 1089.52 | 1093.98 | 1075.44 | 1076.17 | — |
| 2026-06-12 | 1053 | 1073.73 | 1048.06 | 1062.75 | — |
| 2026-06-11 | 1013.5 | 1036.75 | 1000.45 | 1035.64 | — |
| 2026-06-10 | 1028.35 | 1036.31 | 1000.05 | 1001.29 | — |
| 2026-06-09 | 1061.79 | 1064.35 | 1006.3 | 1032.01 | — |
| 2026-06-05 | 1092.82 | 1098.36 | 1035.87 | 1038.68 | — |
| 2026-06-04 | 1052.87 | 1095.9 | 1050 | 1092.61 | — |
| 2026-06-03 | 1055.28 | 1055.97 | 1031.01 | 1041.02 | — |
| 2026-06-02 | 1049.74 | 1073.97 | 1047.89 | 1064.58 | — |
| 2026-06-01 | 1015.33 | 1051.2 | 1011.61 | 1048.58 | — |
| 2026-05-29 | 1009.27 | 1027.22 | 1004 | 1025.56 | — |
| 2026-05-28 | 986.42 | 1009.97 | 982.45 | 1008.37 | — |
| 2026-05-27 | 995.91 | 1003.65 | 974.42 | 996.47 | — |
| 2026-05-22 | 994.63 | 1005.36 | 990.9 | 996.73 | — |
| 2026-05-21 | 982.21 | 999.5 | 970.3 | 988.17 | — |
| 2026-05-20 | 945 | 982.73 | 940.5 | 982.12 | — |
| 2026-05-19 | 933.22 | 939.56 | 923.95 | 928.74 | — |
| 2026-05-18 | 947.74 | 961.69 | 938.55 | 946.36 | — |
| 2026-05-15 | 953.65 | 959.32 | 941.61 | 948.47 | — |
| 2026-05-14 | 966.9 | 975.66 | 960.65 | 968.96 | — |
| 2026-05-13 | 941.84 | 959.55 | 933.08 | 955.42 | — |
| 2026-05-12 | 942.16 | 948.43 | 920.79 | 945.9 | — |
| 2026-05-11 | 932.65 | 949.78 | 926.63 | 944.86 | — |
| 2026-05-08 | 936 | 939.48 | 927.46 | 936.48 | — |
| 2026-05-07 | 937.93 | 945.22 | 921.98 | 925.87 | — |
| 2026-05-06 | 935.93 | 944.06 | 931.33 | 937.35 | — |
| 2026-05-05 | 909.73 | 921.75 | 908.22 | 918.89 | — |
| 2026-05-04 | 922.27 | 925 | 899 | 903.27 | — |
| 2026-05-01 | 916.4 | 935.78 | 912.14 | 923.71 | — |
| 2026-04-30 | 910.41 | 927.99 | 905.2 | 923.77 | — |
| 2026-04-29 | 927.5 | 929.55 | 899.16 | 905.6 | — |
| 2026-04-28 | 941.24 | 945.3 | 924.23 | 926.55 | — |
| 2026-04-27 | 926.04 | 941.69 | 926 | 937.81 | — |
| 2026-04-24 | 930.48 | 932.91 | 919.22 | 926.91 | — |
| 2026-04-23 | 935 | 944.39 | 920.69 | 931.3 | — |
| 2026-04-22 | 939 | 940.98 | 931.15 | 934.84 | — |
| 2026-04-21 | 944.5 | 952.01 | 922.54 | 926.55 | — |
| 2026-04-20 | 923.68 | 941.8 | 922.98 | 941.74 | — |
| 2026-04-17 | 915.5 | 928.99 | 912.22 | 925.95 | — |
| 2026-04-16 | 897.99 | 907.96 | 895.85 | 900 | — |
| 2026-04-15 | 915 | 927.74 | 897.1 | 899.49 | — |
| 2026-04-14 | 894.42 | 914.19 | 890.1 | 909.63 | — |
| 2026-04-13 | 875.55 | 896.94 | 865.34 | 890.79 | — |
| 2026-04-10 | 903.37 | 908.96 | 895.01 | 907.8 | — |
| 2026-04-09 | 902 | 909.4 | 895.29 | 903.72 | — |
| 2026-04-08 | 903.01 | 918 | 893.6 | 905.75 | — |
| 2026-04-07 | 858 | 867.75 | 850 | 864.15 | — |
| 2026-04-06 | 863 | 873.21 | 859.83 | 866.05 | — |
| 2026-04-02 | 838.39 | 867.3 | 831 | 863.04 | — |
| 2026-04-01 | 859.95 | 870.2 | 850.15 | 860.21 | — |
| 2026-03-31 | 823.9 | 848.5 | 810.11 | 845.99 | — |
| 2026-03-30 | 811.12 | 818.63 | 801.88 | 807.6 | — |
| 2026-03-27 | 813.67 | 817.1 | 797.78 | 802.89 | — |
| 2026-03-26 | 833.79 | 844.8 | 816.11 | 822.64 | — |
| 2026-03-25 | 845.01 | 854.75 | 833.9 | 841.84 | — |
| 2026-03-24 | 824.93 | 844.49 | 818 | 835.72 | — |
| 2026-03-23 | 833 | 849.53 | 829 | 831.27 | — |
| 2026-03-20 | 807 | 827.23 | 804.93 | 813.53 | — |
| 2026-03-19 | 792.93 | 816.18 | 790.59 | 809.5 | — |
| 2026-03-18 | 801 | 816.18 | 801.09 | 805.48 | — |
| 2026-03-17 | 806.3 | 820.44 | 803.47 | 807.04 | — |
| 2026-03-16 | 792 | 805.46 | 790 | 794.77 | — |
| 2026-03-13 | 789.36 | 798 | 780.5 | 782.21 | — |
| 2026-03-12 | 805.32 | 807.21 | 784.1 | 787.52 | — |
| 2026-03-11 | 829.95 | 832.8 | 810.54 | 823.76 | — |
| 2026-03-10 | 834.68 | 846.09 | 826.35 | 833.81 | — |
| 2026-03-09 | 810 | 836.68 | 795 | 832.03 | — |
| 2026-03-06 | 816 | 827.16 | 801.33 | 821.42 | — |
| 2026-03-05 | 862.01 | 866.52 | 822.2 | 835.46 | — |
| 2026-03-04 | 869.84 | 878.8 | 860 | 867.25 | — |
| 2026-03-03 | 836 | 868.34 | 824.64 | 862.58 | — |
| 2026-03-02 | 840 | 873.63 | 836 | 861.7 | — |
| 2026-02-27 | 912 | 916.25 | 854.15 | 859.57 | — |
| 2026-02-26 | 927.76 | 938.39 | 921.54 | 929 | — |
| 2026-02-25 | 914.72 | 922.51 | 907.52 | 921.38 | — |
| 2026-02-25 | 914.72 | 922.51 | 907.52 | 921.38 | — |
| 2026-02-25 | 914.72 | 922.51 | 907.52 | 921.38 | — |
| 2026-02-24 | 885.44 | 911.77 | 881.65 | 902.27 | — |
| 2026-02-23 | 918.5 | 932 | 883.75 | 892.31 | — |
| 2026-02-20 | 912.55 | 922.37 | 900.57 | 922.24 | — |
| 2026-02-19 | 925 | 929.66 | 906.49 | 916.65 | — |
| 2026-02-18 | 921.58 | 947.7 | 919.98 | 933.73 | — |
| 2026-02-17 | 907.73 | 921.55 | 905.68 | 916.04 | — |
| 2026-02-13 | 894.41 | 905.99 | 869 | 905.14 | — |
| 2026-02-12 | 956.17 | 968.39 | 903.98 | 904.55 | — |
| 2026-02-11 | 950.64 | 968.13 | 931.28 | 944.59 | — |
| 2026-02-10 | 945.7 | 961.83 | 929.93 | 948.99 | — |
| 2026-02-09 | 929 | 949 | 927.11 | 943.62 | — |
| 2026-02-06 | 907.87 | 931.77 | 907.23 | 928.75 | — |
| 2026-02-05 | 901.67 | 910.83 | 876.72 | 890.41 | — |
| 2026-02-04 | 937.12 | 944.16 | 893.8 | 913.3 | — |
| 2026-02-03 | 949.5 | 964.5 | 919.06 | 938.99 | — |
| 2026-02-02 | 932.13 | 949.44 | 912.08 | 946.33 | — |
| 2026-01-30 | 933.95 | 947 | 923.17 | 935.41 | — |
| 2026-01-29 | 937.3 | 955.38 | 925.13 | 940.12 | — |
| 2026-01-28 | 932.51 | 937.17 | 922.76 | 936.81 | — |
| 2026-01-27 | 924 | 933.4 | 920.39 | 929.72 | — |
| 2026-01-26 | 918.41 | 933.74 | 917.98 | 931.86 | — |
| 2026-01-23 | 934.08 | 937.19 | 917.05 | 918.88 | — |
| 2026-01-22 | 960.06 | 970.95 | 950.81 | 954.65 | — |
| 2026-01-21 | 944 | 968.92 | 943.45 | 953.01 | — |
| 2026-01-20 | 946.38 | 962.6 | 939.1 | 943.37 | — |