From CNBC: 2025-04-14 00:01:00

Goldman Sachs is set to announce its first-quarter earnings on Monday, with Wall Street expecting earnings of $12.35 per share and revenue of $14.81 billion. Trading revenue is forecasted to be strong, with Fixed Income at $4.56 billion and Equities at $3.65 billion. Investing Banking Revenue is projected to be $1.94 billion.

Goldman Sachs could benefit from the recent market conditions. Competitors JPMorgan Chase and Morgan Stanley exceeded expectations for the first quarter, with equities trading revenue increasing by 48% and 45% respectively. The market volatility during Trump’s presidency has been a contributing factor to the strong results.

The buoyant markets in the first quarter are expected to support Goldman Sachs’ wealth and asset management division, which CEO David Solomon considers to be the bank’s growth engine. However, recent trade tensions have caused market uncertainty, leading to a 14% drop in Goldman shares this year.

Analysts will be paying close attention to Solomon’s discussions with corporate clients and institutional investors during this turbulent period. The story is still developing, so stay tuned for updates.



Read more at CNBC: Goldman Sachs (GS) earnings Q1 2025