Goldman Sachs (GS) earnings Q1 2025

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Goldman Sachs is set to release its first-quarter earnings before the market opens on Monday. Here’s a look at what Wall Street analysts are expecting:

– Earnings: $12.35 per share, according to LSEG
– Revenue: $14.81 billion, according to LSEG
– Trading Revenue: Fixed Income of $4.56 billion and Equities of $3.65 billion, per StreetAccount
– Investment Banking Revenue: $1.94 billion, per StreetAccount

Goldman Sachs could benefit from the current market conditions. Rivals JPMorgan Chase and Morgan Stanley recently exceeded expectations for the first quarter, with strong performance in equities trading. Equities trading revenue at both banks saw significant increases, attributed to market volatility during the early months of President Donald Trump’s administration and his efforts to renegotiate trade deals.

The buoyant markets throughout most of the quarter are expected to support Goldman Sachs’ wealth and asset management division, which CEO David Solomon has identified as a key growth driver for the bank. However, recent trade tensions escalated by President Trump have led to market fluctuations, causing uncertainty in the economy. Consequently, Goldman Sachs’ stock has declined by 14% year-to-date as of Friday.

Analysts will be looking for insights from Solomon regarding his discussions with corporate clients and institutional investors amid the market turmoil. It will be interesting to see how Goldman Sachs navigates through these challenging times.

Stay tuned for updates on this developing story.